TMC the metals (TMCWW) Equity Ratio (2019 - 2025)

TMC the metals (TMCWW) reported Equity Ratio of 0.18 for Q4 2025, up 32.24% on a YoY basis from 0.14 in Q4 2024, and up 20.4% quarter-over-quarter from 0.23 in Q3 2025.

TMC the metals (TMCWW) Equity Ratio (2019 - 2025) Analysis & Trends

TMC the metals has reported Equity Ratio for 7 years, with the latest figure at 0.18 in Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio rose 32.24% year-over-year to 0.18; the trailing twelve-month figure through Dec 2025 stood at 0.18 (up 32.24% YoY), and the FY2025 full-year result was 0.18, up 32.24% from the prior year.
  • Equity Ratio for Q4 2025 stood at 0.18, up from 0.23 in the prior quarter.
  • The five-year high for Equity Ratio was 0.7 in Q4 2021, with the low at 0.35 in Q3 2024.
  • Historically, Equity Ratio has averaged 0.2 across 5 years, with a median of 0.16 in 2023.
  • Annual changes were most pronounced in 2022 — Equity Ratio surged 703.34% — and 2025, when it sank 1040.23%.
  • TMC the metals' Equity Ratio stood at 0.7 in 2021, then sank by 37.15% to 0.44 in 2022, then sank by 63.81% to 0.16 in 2023, then slumped by 271.47% to 0.27 in 2024, then jumped by 32.24% to 0.18 in 2025.
  • The last three Equity Ratio figures came in at 0.18 (Q4 2025), 0.23 (Q3 2025), and 0.47 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 0.64
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - 0.16
4 Ioneer 10.78 Bn 10.76 Bn - 0.99
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 0.51
6 Iperionx 8.57 Bn 8.52 Bn - 0.84
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 0.51
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 TMC the metals - - - -0.18

Historic Data

Download Data
DateValue
Dec 31, 2025 -0.18
Sep 30, 2025 -0.23
Jun 30, 2025 0.47
Mar 31, 2025 -0.26
Dec 31, 2024 -0.27
Sep 30, 2024 -0.35
Jun 30, 2024 -0.16
Mar 31, 2024 0.03
Dec 31, 2023 0.16
Sep 30, 2023 0.47
Jun 30, 2023 0.40
Mar 31, 2023 0.49
Dec 31, 2022 0.44
Sep 30, 2022 0.67
Mar 31, 2022 0.68
Dec 31, 2021 0.70
Sep 30, 2021 0.68
Jun 30, 2021 0.04
Mar 31, 2021 0.09
Dec 31, 2020 0.66