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Friday 6 November 2026
Export TMC’s income statement to Excel — free account
TMC the metals company Inc.
TMC Basic Materials Other Industrial Metals & Mining
- EPS
- +30.0%
- Free cash flow
- −88.0%
Quarter to June 2026, against a year earlier
2.11
0.04
+1.93%
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Target Price Range
Analyst price targets
Free accountTen years at a glance
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | — | — | — | 22 | 22 | 455 | +356.2% | |
| Gross margin, % | — | — | — | — | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 | 0.0 pt | ||||||
| EBT | — | — | — | 0 | (57) | (141) | (171) | (74) | (82) | (320) | (305) | +473.3% | ||||||
| EBT margin, % | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| Net income | — | 0 | — | 0 | (57) | (141) | (171) | (74) | (82) | (320) | (306) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | |||||
| Earnings | — | — | — | 0.00 | (0.32) | (0.69) | (0.71) | (0.26) | (0.25) | (0.83) | (0.73) | +206.6% | ||||||
| Cash flow | — | — | — | 0.00 | (0.15) | (0.27) | (0.28) | (0.21) | (0.13) | (0.11) | (0.10) | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.00 | (0.15) | (0.28) | (0.28) | (0.21) | (0.14) | (0.11) | (0.10) | n/m | ||||||
| Book value | — | — | — | 0.00 | 0.20 | 0.45 | 0.17 | 0.04 | (0.05) | (0.09) | (0.06) | n/m | ||||||
| Shares, m | — | — | — | 9 | 179 | 205 | 240 | 289 | 322 | 385 | 412 | +88.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | 0 | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| P/B | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 0 | (27) | (56) | (67) | (60) | (43) | (43) | (44) | n/m | |||||
| Capex | — | — | — | 0 | (1) | 0 | (1) | (1) | (1) | 0 | 0 | n/m | ||||||
| Free cash flow | — | — | — | 0 | (27) | (56) | (68) | (60) | (44) | (43) | (44) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 0 | 2 | 62 | 8 | (23) | (49) | 61 | 49 | n/m | |||||
| Net debt | — | — | — | — | (10) | (85) | (47) | (7) | 8 | (118) | (99) | +63.4% | ||||||
| Shareholders’ equity | — | — | — | 0 | 36 | 93 | 42 | 11 | (17) | (33) | (27) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (15.05) | (206.67) | (150.47) | (150.03) | (90.16) | (124.26) | (261.49) | (172.41) | (246.4) pt | |||||
| ROIC | — | — | — | (35.16) | (135.25) | (1,186.76) | 0.00 | (1,109.99) | 0.00 | 0.00 | 0.00 | +35.2 pt | ||||||
| ROE | — | — | — | (0.05) | (317.08) | (220.00) | (254.68) | (281.48) | 2,643.32 | 1,265.18 | (1,123.19) | +1,265.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 3 | 31 | 39 | 46 | 47 | 48 | — | +74.1% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
TMC the metals company Inc. vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EMAT Evolution Metals & Technologies Corp. | $1.2B | — (loss-making) | — | — | n/m | −607.00% (below 0%: shrinking) | (7.03%) | (744.93%) | Compare |
| VZLA Vizsla Silver Corp. | $1.1B | — (loss-making) | — | — | n/m | +10.03% (above 0%: growing) | 0.00% | 0.00% | Compare |
| USAS Americas Gold and Silver Corporation | $997.6M | — (loss-making) | — | +72.05% (above 0%: growing) | n/m | −209.58% (below 0%: shrinking) | 47.97% | 10.95% | Compare |
| CMP Compass Minerals International, Inc. | $953.4M | 52.6× | 17.9× | +0.33% (above 0%: growing) | n/m | −179.91% (below 0%: shrinking) | 17.60% | 5.06% | Compare |
| TMC TMC the metals company Inc. | $913.2M | — (loss-making) | — | — | n/m | −87.95% (below 0%: shrinking) | 0.00% | 0.00% | |
| CRML Critical Metals Corp. | $821.7M | — (loss-making) | — | — | 0.00% | 0.00% | — | — | Compare |
| SCZM Santacruz Silver Mining Ltd. | $680.2M | 22.7× | — | +54.80% (above 0%: growing) | −91.52% (below 0%: shrinking) | −68.03% (below 0%: shrinking) | 45.07% | 39.44% | Compare |
| LAC Lithium Americas Corp. | $665.8M | — (loss-making) | — | — | n/m | −26.94% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| LAR Lithium Americas (Argentina) Corp. | $656.9M | — (loss-making) | — (loss-making) | +7.75% (above 0%: growing) | n/m | +17.86% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $887.5M | — | — | +31.28% | — | −47.48% | 0.00% | 0.00% |
Pay and ownership Proxy statement filed 17 April 2026
Ownership
Directors and executive officers, together
28.50%
Andrei Karkar
15.00%
ERAS Capital LLC
14.80%
Allseas Group S.A
13.50%
William Brumder
7.30%
Gerard Barron
7.10%
Korea Zinc Company, Ltd.
6.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement