profit from every $100 of sales.
$0$100
TMC the metals
$2.46+1.45% today
-51.7% in 1 year
1-year low $2.071-year high $9.44
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What TMC the metals sold, what it kept, and what it did with the cash.
Sales went from $0 in 2022 to $0 in 2025, with -$320 million of profit last year.
SalesProfit
TMC the metals vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| TMC the metals | No profit yet | ||
 Teck Resources | 43.7× · Expensive | ||
 MP Materials | No profit yet | ||
 USA Rare Earth | No profit yet | ||
 Nexa Resources | 12.0× · Cheap |
AI analysis
An AI analyst reads TMC the metals's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | |
| – | – | – | – | |
| -174 | -72 | -81 | -140 | |
| -170 | -73 | -79 | -316 | |
| -171 | -74 | -82 | -320 | |
| -0.71 | -0.26 | -0.25 | -0.83 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 95 | 69 | 63 | 182 |
| Cash | 47 | 7 | 3 | 118 |
| Total debt | – | – | 12 | – |
| Total liabilities | 53 | 58 | 80 | 215 |
| 42 | 11 | -17 | -33 | |
| 240 | 289 | 322 | 385 | |
| -325.3% | -527.9% | – | – | |
| -411.9% | -675.8% | 478.7% | 956.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -67 | -60 | -43 | -43 | |
| 1 | 1 | 1 | 0 | |
| -68 | -60 | -44 | -43 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 20 | 12 | 25 | 97 |
Valuation
- –
- –
- –
- -63.8×
- –
- –
- –
- -4.0%
- -29.5%
- 0.0%
Profitability
- 0.0%
- 0.0%
- 0.0%
- 0.0%
- -121.6%
- 250.0%
- 6,542.7%
- -173.0%
- -121.6%
- –
Growth
- –
- –
- +2.6%
- –
- +17.0%
Financial health
- -0.1×
- -5.30
- 78.4%
- -54.6×
- 2.17
- 2.17
- 0.00
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 10%of 958
Bottom 17%of 990
What analysts expect
- Average price target
- $12.00
- Range
- $11.75 – $12.25
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 14, 2026 | -0.05 | -0.06 | +16.7% |
| Mar 27, 2026 | -0.08 | -0.06 | −33.3% |
| Nov 13, 2025 | -0.14 | -0.06 | −154.5% |
| Aug 14, 2025 | -0.07 | -0.06 | −16.7% |
| May 14, 2025 | -0.06 | -0.03 | −100.0% |
| Mar 27, 2025 | -0.05 | -0.06 | +16.7% |
| Nov 14, 2024 | -0.06 | -0.06 | +0.0% |
| Aug 14, 2024 | -0.06 | -0.05 | −20.0% |
News
Lifezone Metals GAAP EPS of -$0.07, revenue of $264.3MSeeking Alpha · Oct 29, 2026Bitcoin’s Next Move Could Shake Stocks And Metals: Bloomberg Strategist Warns As Fidelity Sees Bull RunYahoo Finance · Oct 18, 2026Collective Metals announces $515K non-brokered private placementSeeking Alpha · Oct 16, 2026Clean Air Metals announces C$150,000 flow-through financingSeeking Alpha · Oct 7, 2026Why The Metals Company Stock Is Soaring TodayYahoo Finance · Sep 30, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/6Passes 0 of 6. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
15No pass
Benjamin Graham
31No pass
Philip Fisher
30No pass
Peter Lynch
–Not enough data
Joel Greenblatt
2No pass
Charlie Munger
35No pass
Terry Smith
30No pass
Questions about TMC the metals
Is TMC the metals a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 6 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the TMC the metals AI analysis
What does TMC the metals do?
TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It is in Industrial Materials, based in Vancouver, BC, Canada, with 48 employees.
Does TMC the metals pay a dividend?
No. TMC the metals does not pay a dividend at the moment.
Is TMC the metals stock halal?
Yes. TMC the metals passes our halal screen: its business is permitted and its debt is 0% of its market value, under the 30% limit. How we check
How has TMC the metals stock done over the past year?
Down 51.7% over the past twelve months, to $2.46. It traded between $2.07 and $9.44 and is 74.0% below its high.
Who are TMC the metals's competitors?
The largest listed companies in the same industry are Teck Resources, MP Materials, USA Rare Earth and Nexa Resources. The peers table on this page compares their profit, growth and price with TMC the metals's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.