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TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in notable quantities in the CCZ, and have high concentrations of nickel, copper, cobalt, and manganese in a single rock. The company believes these four metals contained in the polymetallic nodules are critical for energy infrastructure and industrial manufacturing. The Company’s business consists of only one operating segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.
2019
47
Last FY Revenue n/a
LTM EBITDA -$65.7M
$2.5B
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TMC The Metals Co has a last 12-month revenue (LTM) of n/a and a last 12-month EBITDA of -$65.7M.
In the most recent fiscal year, TMC The Metals Co achieved revenue of n/a and an EBITDA of -$78.9M.
TMC The Metals Co expects next 12-month revenue of XXX and NTM EBITDA of XXX
See TMC The Metals Co valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | -$65.7M | XXX | -$78.9M | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBIT | -$69.2M | XXX | -$81.3M | XXX | XXX | XXX |
| EBIT Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| Net Profit | -$75.4M | XXX | -$81.9M | XXX | XXX | XXX |
| Net Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.3M | XXX | XXX | XXX |
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As of July 31, 2025, TMC The Metals Co's stock price is $6.
TMC The Metals Co has current market cap of $2.4B, and EV of $2.5B.
See TMC The Metals Co trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.5B | $2.4B | XXX | XXX | XXX | XXX | $-0.22 |
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Start Free TrialAs of July 31, 2025, TMC The Metals Co has market cap of $2.4B and EV of $2.5B.
TMC The Metals Co's trades at n/a EV/Revenue multiple, and -31.1x EV/EBITDA.
Equity research analysts estimate TMC The Metals Co's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TMC The Metals Co has a P/E ratio of -32.5x.
See valuation multiples for TMC The Metals Co and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.4B | XXX | $2.4B | XXX | XXX | XXX |
| EV (current) | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBITDA | -37.4x | XXX | -31.1x | XXX | XXX | XXX |
| EV/EBIT | -35.5x | XXX | -30.2x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | -32.5x | XXX | -29.9x | XXX | XXX | XXX |
| EV/FCF | -46.6x | XXX | -55.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTMC The Metals Co's revenue per employee in the last FY averaged n/a, while opex per employee averaged $1.7M for the same period.
TMC The Metals Co's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TMC The Metals Co's rule of X is n/a (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for TMC The Metals Co and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | 0% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $1.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| AMG Critical Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| ArcelorMittal | XXX | XXX | XXX | XXX | XXX | XXX |
| BHP Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Coronado Global Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortescue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TMC The Metals Co acquired XXX companies to date.
Last acquisition by TMC The Metals Co was XXXXXXXX, XXXXX XXXXX XXXXXX . TMC The Metals Co acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was TMC The Metals Co founded? | TMC The Metals Co was founded in 2019. |
| Where is TMC The Metals Co headquartered? | TMC The Metals Co is headquartered in United States of America. |
| How many employees does TMC The Metals Co have? | As of today, TMC The Metals Co has 47 employees. |
| Who is the CEO of TMC The Metals Co? | TMC The Metals Co's CEO is Mr. Gerard Barron. |
| Is TMC The Metals Co publicy listed? | Yes, TMC The Metals Co is a public company listed on NAS. |
| What is the stock symbol of TMC The Metals Co? | TMC The Metals Co trades under TMC ticker. |
| When did TMC The Metals Co go public? | TMC The Metals Co went public in 2021. |
| Who are competitors of TMC The Metals Co? | Similar companies to TMC The Metals Co include e.g. AMG Critical Materials, ArcelorMittal, BHP Group, Coronado Global Resources. |
| What is the current market cap of TMC The Metals Co? | TMC The Metals Co's current market cap is $2.4B |
| Is TMC The Metals Co profitable? | Yes, TMC The Metals Co is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TMC The Metals Co? | TMC The Metals Co's last 12 months EBITDA is -$65.7M. |
| What is the current EV/EBITDA multiple of TMC The Metals Co? | Current EBITDA multiple of TMC The Metals Co is -37.4x. |
| What is the current FCF of TMC The Metals Co? | TMC The Metals Co's last 12 months FCF is -$52.7M. |
| What is the current EV/FCF multiple of TMC The Metals Co? | Current FCF multiple of TMC The Metals Co is -46.6x. |
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