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TMC the metals (TMC) Financials

TMC the metals logo
$2.96 +0.17 (+6.09%)
Closing price 04:00 PM Eastern
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$2.96 0.00 (-0.17%)
As of 06:23 PM Eastern
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Annual Income Statements for TMC the metals

Annual Income Statements for TMC the metals

This table shows TMC the metals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -171 -74 -82
Consolidated Net Income / (Loss)		 -171 -74 -82
Net Income / (Loss) Continuing Operations		 -171 -74 -82
Total Pre-Tax Income 		-171 -74 -82
Total Operating Income		 -174 -72 -81
Total Gross Profit		 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00
Total Operating Expenses		 174 72 81
Selling, General & Admin Expense		 30 23 31
Exploration Expense		 145 50 51
Other Special Charges / (Income)		 - 0.00 0.20
Total Other Income / (Expense), net		 3.23 -1.35 -0.41
Interest Expense		 -1.11 -0.52 2.43
Interest & Investment Income		 0.00 -0.57 -0.23
Other Income / (Expense), net		 2.12 -1.30 2.24
Income Tax Expense		 0.08 0.04 0.05
Basic Earnings per Share		 $0.71 $0.26 $0.25
Weighted Average Basic Shares Outstanding		 239.87M 288.64M 321.88M
Diluted Earnings per Share		 $0.71 $0.26 $0.25
Weighted Average Diluted Shares Outstanding		 239.87M 288.64M 321.88M
Weighted Average Basic & Diluted Shares Outstanding		 277.88M 318.25M 347.91M

Quarterly Income Statements for TMC the metals

This table shows TMC the metals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -28 -110 -14 -14 -12 -33 -25 -20 -21 -16
Consolidated Net Income / (Loss)		 -28 -110 -14 -14 -12 -33 -25 -20 -21 -16
Net Income / (Loss) Continuing Operations		 -28 -110 -14 -14 -12 -34 -25 -20 -21 -16
Total Pre-Tax Income 		-28 -109 0.00 0.00 -12 -61 0.00 0.00 -20 -62
Total Operating Income		 -29 -111 -13 -13 -13 -33 -25 -20 -20 -16
Total Operating Expenses		 29 111 13 13 13 33 25 20 20 17
Selling, General & Admin Expense		 5.94 7.02 6.21 5.13 4.61 6.58 6.56 7.89 8.15 8.04
Exploration Expense		 23 104 7.17 8.10 7.91 27 18 12 12 8.30
Total Other Income / (Expense), net		 0.70 1.79 -0.34 -0.72 0.07 -0.36 -0.78 0.10 0.39 -0.12
Interest Expense		 -0.35 -0.57 -0.43 -0.07 -0.07 0.05 0.17 0.48 0.61 1.17
Interest & Investment Income		 0.00 - -0.22 0.00 -0.12 -0.23 -0.08 0.00 -0.06 -0.09
Other Income / (Expense), net		 0.35 1.23 -0.54 -0.79 0.12 -0.08 -0.53 0.58 1.05 1.14
Basic Earnings per Share		 $0.12 $0.45 $0.05 $0.05 $0.04 $0.12 $0.08 $0.06 $0.06 $0.05
Weighted Average Basic Shares Outstanding		 239.74M 239.87M 272.03M 281.32M 294.64M 288.64M 311.52M 320.89M 323.66M 321.88M
Diluted Earnings per Share		 $0.12 $0.45 $0.05 $0.05 $0.04 $0.12 $0.08 $0.06 $0.06 $0.05
Weighted Average Diluted Shares Outstanding		 239.74M 239.87M 272.03M 281.32M 294.64M 288.64M 311.52M 320.89M 323.66M 321.88M
Weighted Average Basic & Diluted Shares Outstanding		 265.53M 277.88M 280.64M 292.92M 305.16M 318.25M 320.51M 323.99M 324.26M 347.91M

Annual Cash Flow Statements for TMC the metals

This table details how cash moves in and out of TMC the metals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Net Change in Cash & Equivalents		 -38 107 161
Net Cash From Operating Activities		 -67 -60 -43
Net Cash From Continuing Operating Activities		 -67 88 120
Net Income / (Loss) Continuing Operations		 -171 0.00 0.00
Amortization Expense		 0.42 0.36 0.36
Non-Cash Adjustments To Reconcile Net Income		 89 89 108
Changes in Operating Assets and Liabilities, net		 15 -1.56 12
Net Cash From Investing Activities		 -1.17 -0.58 -0.52
Net Cash From Continuing Investing Activities		 -1.17 -0.58 -0.52
Purchase of Property, Plant & Equipment		 -1.17 -0.58 -0.52
Net Cash From Financing Activities		 30 20 41
Net Cash From Continuing Financing Activities		 30 20 41
Repayment of Debt		 - 0.00 -2.00
Issuance of Debt		 - 0.00 6.28
Issuance of Common Equity		 0.11 16 29
Other Financing Activities, net		 30 3.90 7.61

Quarterly Cash Flow Statements for TMC the metals

This table details how cash moves in and out of TMC the metals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 21 -20 -18 -8.40 83 51 -3.14 -3.53 132 36
Net Cash From Operating Activities		 -8.64 -20 -23 -8.40 -13 -15 -12 -12 -5.74 -14
Net Cash From Continuing Operating Activities		 -8.66 -20 -23 -8.40 68 52 -12 -12 126 18
Amortization Expense		 0.11 0.12 0.09 0.09 0.09 0.10 0.09 0.11 0.08 0.08
Non-Cash Adjustments To Reconcile Net Income		 -25 135 4.93 5.02 40 40 7.71 6.65 70 23
Changes in Operating Assets and Liabilities, net		 16 16 -15 0.61 0.52 12 5.54 1.31 10 -4.76
Net Cash From Investing Activities		 -0.51 -0.21 0.00 -0.08 -0.10 -0.40 -0.34 -0.08 -0.05 -0.05
Net Cash From Continuing Investing Activities		 -0.51 -0.21 0.00 -0.08 -0.10 -0.40 -0.34 -0.08 -0.05 -0.05
Purchase of Property, Plant & Equipment		 -0.51 -0.21 0.00 -0.08 -0.10 -0.40 -0.34 -0.08 -0.05 -0.05
Net Cash From Financing Activities		 30 -0.05 5.00 0.08 15 -0.15 9.05 8.64 5.63 17
Net Cash From Continuing Financing Activities		 30 -0.05 5.00 0.08 15 -0.15 9.05 8.64 5.63 17
Issuance of Debt		 - - - - - - - - 0.25 0.17
Issuance of Common Equity		 - 0.06 0.00 0.08 16 0.25 9.00 2.57 2.32 15
Other Financing Activities, net		 30 0.01 5.00 - -0.70 -0.40 0.05 0.22 5.05 2.29

Annual Balance Sheets for TMC the metals

This table presents TMC the metals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Total Assets		 95 69 63
Total Current Assets		 50 8.82 5.33
Cash & Equivalents		 47 6.84 3.48
Other Current Assets		 2.73 1.98 1.85
Plant, Property, & Equipment, net		 2.03 1.13 0.77
Total Noncurrent Assets		 43 59 57
Long-Term Investments		 0.00 8.43 8.20
Intangible Assets		 - 1.64 1.93
Other Noncurrent Operating Assets		 43 49 47
Total Liabilities & Shareholders' Equity		 95 69 63
Total Liabilities		 53 58 80
Total Current Liabilities		 42 31 55
Short-Term Debt		 - 0.00 12
Accounts Payable		 42 31 43
Total Noncurrent Liabilities		 12 27 26
Noncurrent Deferred & Payable Income Tax Liabilities		 11 11 11
Other Noncurrent Operating Liabilities		 0.98 16 15
Total Equity & Noncontrolling Interests		 42 11 -17
Total Preferred & Common Equity		 42 11 -17
Total Common Equity		 42 11 -17
Common Stock		 518 561 616
Retained Earnings		 -475 -549 -631
Accumulated Other Comprehensive Income / (Loss)		 -1.22 -1.22 -1.20

Quarterly Balance Sheets for TMC the metals

This table presents TMC the metals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 117 85 75 88 65 61 61
Total Current Assets		 72 32 22 28 5.94 1.71 2.92
Cash & Equivalents		 67 28 20 23 3.99 0.47 0.36
Other Current Assets		 5.04 3.23 1.64 5.33 1.95 1.24 2.56
Plant, Property, & Equipment, net		 2.10 2.00 1.97 2.08 1.05 0.94 0.85
Total Noncurrent Assets		 43 52 52 58 58 58 58
Long-Term Investments		 - 8.78 8.64 8.53 8.35 8.29 8.23
Intangible Assets		 - - - - 1.72 1.79 1.87
Other Noncurrent Operating Assets		 43 43 43 49 48 48 47
Total Liabilities & Shareholders' Equity		 117 85 75 88 65 61 61
Total Liabilities		 38 30 31 32 64 70 83
Total Current Liabilities		 25 18 18 19 36 44 57
Short-Term Debt		 - - - - - 5.88 9.18
Accounts Payable		 25 18 18 19 36 38 48
Total Noncurrent Liabilities		 13 12 13 13 27 27 26
Noncurrent Deferred & Payable Income Tax Liabilities		 11 11 11 11 11 11 11
Other Noncurrent Operating Liabilities		 2.23 1.53 2.31 2.20 17 16 15
Total Equity & Noncontrolling Interests		 79 56 44 55 1.81 -9.61 -21
Total Preferred & Common Equity		 79 56 44 55 1.81 -9.61 -21
Total Common Equity		 79 56 44 55 1.81 -9.61 -21
Common Stock		 446 532 534 558 577 586 595
Retained Earnings		 -366 -475 -489 -502 -574 -594 -615
Accumulated Other Comprehensive Income / (Loss)		 -1.22 -1.22 -1.22 -1.22 -1.22 -1.22 -1.20

Annual Metrics and Ratios for TMC the metals

This table displays calculated financial ratios and metrics derived from TMC the metals' official financial filings.

Metric 2022 2023 2024
Growth Metrics		 - - -
Revenue Growth		 0.00% 0.00% 0.00%
EBITDA Growth		 -22.77% 57.26% -7.31%
EBIT Growth		 -22.67% 57.16% -7.27%
NOPAT Growth		 -16.40% 58.43% -12.29%
Net Income Growth		 -20.99% 56.84% -11.06%
EPS Growth		 2.90% -63.38% -3.85%
Operating Cash Flow Growth		 -18.74% 10.56% 27.03%
Free Cash Flow Firm Growth		 -25.69% 52.42% 14.44%
Invested Capital Growth		 -168.18% 18.95% -291.13%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -84.93% 51.12% 18.72%
EBIT Q/Q Growth		 -84.53% 51.00% 18.66%
NOPAT Q/Q Growth		 -49.71% 51.87% 17.22%
Net Income Q/Q Growth		 -83.52% 50.78% 17.51%
EPS Q/Q Growth		 0.00% -55.93% -21.88%
Operating Cash Flow Q/Q Growth		 10.62% 7.25% 3.11%
Free Cash Flow Firm Q/Q Growth		 -9.11% 55.96% -87.66%
Invested Capital Q/Q Growth		 -144.07% -117.92% 18.48%
Profitability Metrics		 - - -
Gross Margin		 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00%
Tax Burden Percent		 100.05% 100.06% 100.06%
Interest Burden Percent		 99.35% 100.07% 103.61%
Effective Tax Rate		 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -254.68% -281.48% 2,643.32%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -254.68% -281.48% 2,643.32%
Return on Equity Simple (ROE_SIMPLE)		 -411.91% -675.77% 478.69%
Net Operating Profit after Tax (NOPAT)		 -122 -51 -57
NOPAT Margin		 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -74.51% -74.37% -329.96%
Return On Investment Capital (ROIC_SIMPLE)		 - -464.12% 1,064.96%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -172 -74 -79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -172 -73 -79
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 4.93 30.75 0.00
Price to Tangible Book Value (P/TBV)		 4.93 36.19 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.00 -0.69
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 -0.98 -1.19 2.45
Leverage Ratio		 1.70 3.12 -21.27
Compound Leverage Factor		 1.69 3.12 -22.04
Debt to Total Capital		 0.00% 0.00% -220.38%
Short-Term Debt to Total Capital		 0.00% 0.00% -220.38%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 320.38%
Debt to EBITDA		 0.00 0.00 -0.15
Net Debt to EBITDA		 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 -0.21
Net Debt to NOPAT		 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Altman Z-Score		 -10.60 -11.60 -16.39
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 1.19 0.28 0.10
Quick Ratio		 1.13 0.22 0.06
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -109 -52 -44
Operating Cash Flow to CapEx		 -5,697.43% -10,306.75% -8,440.39%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -18.23
Operating Cash Flow to Interest Expense		 0.00 0.00 -17.92
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -18.13
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00
Capital & Investment Metrics		 - - -
Invested Capital		 -5.37 -4.35 -17
Invested Capital Turnover		 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -13 1.02 -13
Enterprise Value (EV)		 158 320 363
Market Capitalization		 204 336 363
Book Value per Share		 $0.16 $0.04 ($0.05)
Tangible Book Value per Share		 $0.16 $0.03 ($0.06)
Total Capital		 42 11 -5.34
Total Debt		 0.00 0.00 12
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -47 -15 0.09
Capital Expenditures (CapEx)		 1.17 0.58 0.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -39 -29 -41
Debt-free Net Working Capital (DFNWC)		 7.99 -23 -37
Net Working Capital (NWC)		 7.99 -23 -49
Net Nonoperating Expense (NNE)		 49 23 25
Net Nonoperating Obligations (NNO)		 -47 -15 0.09
Total Depreciation and Amortization (D&A)		 0.42 0.36 0.36
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.71 $0.26 $0.25
Adjusted Weighted Average Basic Shares Outstanding		 239.87M 288.64M 321.88M
Adjusted Diluted Earnings per Share		 $0.71 $0.26 $0.25
Adjusted Weighted Average Diluted Shares Outstanding		 239.87M 288.64M 321.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 277.88M 318.25M 347.91M
Normalized Net Operating Profit after Tax (NOPAT)		 -122 -51 -57
Normalized NOPAT Margin		 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 -32.58
NOPAT to Interest Expense		 0.00 0.00 -23.45
EBIT Less CapEx to Interest Expense		 0.00 0.00 -32.79
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -23.67
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.47% 0.00% 0.00%

Quarterly Metrics and Ratios for TMC the metals

This table displays calculated financial ratios and metrics derived from TMC the metals' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 22.47% -253.13% 34.10% -11.40% 56.25% 69.76% -81.57% -40.74% -52.87% 54.50%
EBIT Growth		 22.17% -252.05% 33.98% -11.26% 56.11% 69.70% -81.04% -40.66% -52.47% 54.39%
NOPAT Growth		 23.06% -108.14% 15.87% 27.82% 56.24% 70.11% -84.43% -53.41% -59.47% 50.85%
Net Income Growth		 23.89% -244.96% 34.90% -13.91% 55.31% 69.46% -83.26% -42.96% -64.59% 52.00%
EPS Growth		 -33.33% 0.00% -44.44% 0.00% -66.67% -73.33% 60.00% 20.00% 50.00% -58.33%
Operating Cash Flow Growth		 68.40% 28.50% -51.23% 62.83% -44.78% 23.47% 49.53% -43.93% 54.13% 9.18%
Free Cash Flow Firm Growth		 -114.20% -237.69% -107.08% -110.55% 45.36% 62.41% 168.15% 155.52% 249.56% 105.06%
Invested Capital Growth		 304.33% -168.18% 72.15% 0.00% 99.25% 18.95% -157.30% -181.12% -186.00% -291.13%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -125.10% -290.55% 87.41% -0.65% 11.59% -169.96% 24.41% 21.99% 3.97% 19.65%
EBIT Q/Q Growth		 -124.30% -289.45% 87.34% -0.64% 11.52% -168.86% 24.38% 21.81% 4.09% 19.57%
NOPAT Q/Q Growth		 -56.08% -288.98% 87.97% 1.15% 5.37% -165.69% 25.79% 17.77% 1.64% 18.10%
Net Income Q/Q Growth		 -125.24% -292.80% 87.45% -2.61% 11.63% -168.38% 24.70% 19.95% -1.75% 21.73%
EPS Q/Q Growth		 140.00% 275.00% -88.89% 0.00% -20.00% 200.00% -33.33% -25.00% 0.00% -16.67%
Operating Cash Flow Q/Q Growth		 61.77% -129.74% -18.35% 64.24% -48.89% -21.43% 22.10% -2.00% 52.55% -140.43%
Free Cash Flow Firm Q/Q Growth		 -116.33% -69.32% 73.59% -44.49% 15.43% -16.49% 147.88% 17.70% 127.81% -96.06%
Invested Capital Q/Q Growth		 0.00% -144.07% 442.21% -16.19% 57.64% -117.92% -141.95% -18.65% -67.14% 18.48%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 99.96% 100.08% 0.00% 0.00% 100.11% 54.59% 0.00% 0.00% 104.83% 25.77%
Interest Burden Percent		 98.75% 99.48% 0.00% 0.00% 100.42% 183.82% 0.00% 0.00% 103.52% 409.79%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -100.31% -254.68% -241.87% -375.25% -223.02% -281.48% -297.16% -530.00% -586.27% 2,643.32%
Cash Return on Invested Capital (CROIC)		 -816.91% 0.00% -879.77% -1,713.09% -643.66% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -100.31% -254.68% -241.87% -375.25% -223.02% -281.48% -297.16% -530.00% -586.27% 2,643.32%
Return on Equity Simple (ROE_SIMPLE)		 -117.83% 0.00% -294.50% -375.25% -270.77% 0.00% -4,708.67% 950.22% 462.72% 0.00%
Net Operating Profit after Tax (NOPAT)		 -20 -78 -9.37 -9.26 -8.76 -23 -17 -14 -14 -11
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -8.77% -48.09% -8.25% -33.83% -7.56% -32.75% -31.98% -37.80% -42.94% -60.84%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - -213.24% - - - 214.18%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -28 -110 -14 -14 -12 -33 -25 -20 -19 -15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -28 -110 -14 -14 -12 -33 -25 -20 -19 -15
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 3.02 4.93 4.15 10.38 5.24 30.75 251.44 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 3.02 4.93 4.15 10.38 5.24 36.19 4,946.71 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 14.08 0.00 10.51 27.83 10.68 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.61 -0.43 -0.69
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.97 -0.98 -0.79 -0.65 -0.73 -1.19 -0.86 -0.92 -0.90 2.45
Leverage Ratio		 1.48 1.70 1.49 1.71 1.52 3.12 2.63 3.94 4.39 -21.27
Compound Leverage Factor		 1.46 1.69 0.00 0.00 1.53 5.74 0.00 0.00 4.55 -87.18
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -157.42% -74.63% -220.38%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -157.42% -74.63% -220.38%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 257.42% 174.63% 320.38%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.07 -0.09 -0.15
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 -0.01 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.09 -0.13 -0.21
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 -0.01 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -0.93 -8.45 -3.49 -0.85 -2.96 -9.67 -9.82 -11.93 -13.63 -13.05
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.85 1.19 1.80 1.19 1.44 0.28 0.16 0.04 0.05 0.10
Quick Ratio		 2.65 1.13 1.62 1.10 1.17 0.22 0.11 0.01 0.01 0.06
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -38 -65 -17 -25 -21 -24 12 14 31 1.23
Operating Cash Flow to CapEx		 -1,703.55% -9,449.05% 0.00% -11,198.67% -12,505.00% -3,767.99% -3,485.88% -16,118.67% -11,472.00% -27,582.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -517.01 68.84 28.77 51.31 1.05
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -323.09 -70.13 -25.40 -9.43 -11.76
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -331.66 -72.14 -25.55 -9.52 -11.80
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 12 -5.37 18 15 24 -4.35 -11 -12 -21 -17
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 18 -13 7.70 15 12 1.02 -29 -28 -45 -13
Enterprise Value (EV)		 172 158 193 429 259 320 443 430 344 363
Market Capitalization		 238 204 230 457 290 336 455 433 343 363
Book Value per Share		 $0.35 $0.16 $0.20 $0.16 $0.19 $0.04 $0.01 ($0.03) ($0.07) ($0.05)
Tangible Book Value per Share		 $0.35 $0.16 $0.20 $0.16 $0.19 $0.03 $0.00 ($0.04) ($0.07) ($0.06)
Total Capital		 79 42 56 44 55 11 1.81 -3.73 -12 -5.34
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.88 9.18 12
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -67 -47 -37 -29 -31 -15 -12 -2.89 0.58 0.09
Capital Expenditures (CapEx)		 0.51 0.21 0.00 0.08 0.10 0.40 0.34 0.08 0.05 0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -20 -39 -14 -16 -14 -29 -35 -37 -46 -41
Debt-free Net Working Capital (DFNWC)		 47 7.99 14 3.53 8.53 -23 -31 -36 -45 -37
Net Working Capital (NWC)		 47 7.99 14 3.53 8.53 -23 -31 -42 -54 -49
Net Nonoperating Expense (NNE)		 7.87 32 4.38 4.85 3.70 10 7.92 5.96 6.55 4.62
Net Nonoperating Obligations (NNO)		 -67 -47 -37 -29 -31 -15 -12 -2.89 0.58 0.09
Total Depreciation and Amortization (D&A)		 0.11 0.12 0.09 0.09 0.09 0.10 0.09 0.11 0.08 0.08
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.45 $0.00 $0.05 $0.04 $0.12 $0.08 $0.06 $0.06 $0.05
Adjusted Weighted Average Basic Shares Outstanding		 0.00 239.87M 272.03M 281.32M 294.64M 288.64M 311.52M 320.89M 323.66M 321.88M
Adjusted Diluted Earnings per Share		 $0.00 $0.45 $0.00 $0.05 $0.04 $0.12 $0.08 $0.06 $0.06 $0.05
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 239.87M 300.38M 281.32M 294.64M 288.64M 311.52M 320.89M 323.66M 321.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 277.88M 280.64M 292.92M 305.16M 318.25M 320.51M 323.99M 324.26M 347.91M
Normalized Net Operating Profit after Tax (NOPAT)		 -20 -78 -9.37 -9.26 -8.76 -23 -17 -14 -14 -11
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -709.38 -149.19 -41.42 -31.10 -12.97
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -495.35 -102.23 -29.85 -22.98 -9.76
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -717.96 -151.20 -41.58 -31.18 -13.01
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -503.92 -104.25 -30.00 -23.06 -9.80
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.73% -0.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About TMC the metals' Financials

When does TMC the metals's fiscal year end?

According to the most recent income statement we have on file, TMC the metals' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TMC the metals' net income changed over the last 2 years?

TMC the metals' net income appears to be on a downward trend, with a most recent value of -$81.94 million in 2024, falling from -$170.96 million in 2022. The previous period was -$73.78 million in 2023.

What is TMC the metals's operating income?
TMC the metals's total operating income in 2024 was -$81.29 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $81.49 million
How has TMC the metals revenue changed over the last 2 years?

Over the last 2 years, TMC the metals' total revenue changed from $0.00 in 2022 to $0.00 in 2024, a change of 0.0%.

How much debt does TMC the metals have?

TMC the metals' total liabilities were at $80.12 million at the end of 2024, a 38.2% increase from 2023, and a 50.4% increase since 2022.

How much cash does TMC the metals have?

In the past 2 years, TMC the metals' cash and equivalents has ranged from $3.48 million in 2024 to $46.88 million in 2022, and is currently $3.48 million as of their latest financial filing in 2024.

How has TMC the metals' book value per share changed over the last 2 years?

Over the last 2 years, TMC the metals' book value per share changed from 0.16 in 2022 to -0.05 in 2024, a change of -133.8%.


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This page (NASDAQ:TMC) was last updated on 4/17/2025 by MarketBeat.com Staff
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