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TMC The Metals Valuation Multiples
Discover revenue and EBITDA valuation multiples for TMC The Metals and similar public comparables like Resolute Mining, Almasane Alkobra Mining, Pucobre, Metalúrgica Gerdau and more.
TMC The Metals Overview
About TMC The Metals
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.
Founded
2019
HQ
Employees
47
Website
Sectors
Financials (LTM)
EV
$2B
TMC The Metals Financials
TMC The Metals reported last 12-month revenue of — and negative EBITDA of ($102M).
In the same LTM period, TMC The Metals generated — in gross profit, ($102M) in EBITDA losses, and had net loss of ($257M).
Revenue (LTM)
TMC The Metals P&L
In the most recent fiscal year, TMC The Metals reported revenue of — and EBITDA of ($72M).
TMC The Metals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA | ($102M) | XXX | ($72M) | XXX | XXX | XXX |
| Net Profit | ($257M) | XXX | ($82M) | XXX | XXX | XXX |
| Net Debt | — | — | $8M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TMC The Metals Stock Performance
TMC The Metals has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
TMC The Metals' stock price is $5.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $-0.20 |
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Start Free TrialTMC The Metals Valuation Multiples
TMC The Metals trades at (23.1x) EV/EBITDA.
TMC The Metals Financial Valuation Multiples
As of March 7, 2026, TMC The Metals has market cap of $2B and EV of $2B.
Equity research analysts estimate TMC The Metals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TMC The Metals has a P/E ratio of (9.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/EBITDA | (23.1x) | XXX | (32.6x) | XXX | XXX | XXX |
| EV/EBIT | (23.0x) | XXX | (30.4x) | XXX | XXX | XXX |
| P/E | (9.6x) | XXX | (30.1x) | XXX | XXX | XXX |
| EV/FCF | (61.9x) | XXX | (53.5x) | XXX | XXX | XXX |
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Verified TMC The Metals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
TMC The Metals Margins & Growth Rates
TMC The Metals' revenue in the last fiscal year grew by —.
TMC The Metals' revenue per employee in the last FY averaged $0.0M.
TMC The Metals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA Growth | (38%) | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
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TMC The Metals Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Resolute Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Almasane Alkobra Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Pucobre | XXX | XXX | XXX | XXX | XXX | XXX |
| Metalúrgica Gerdau | XXX | XXX | XXX | XXX | XXX | XXX |
| Alleima | 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 M&A Activity
TMC The Metals acquired XXX companies to date.
Last acquisition by TMC The Metals was on XXXXXXXX, XXXXX. TMC The Metals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TMC The Metals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTMC The Metals Investment Activity
TMC The Metals invested in XXX companies to date.
TMC The Metals made its latest investment on XXXXXXXX, XXXXX. TMC The Metals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TMC The Metals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TMC The Metals
| When was TMC The Metals founded? | TMC The Metals was founded in 2019. |
| Where is TMC The Metals headquartered? | TMC The Metals is headquartered in Canada. |
| How many employees does TMC The Metals have? | As of today, TMC The Metals has over 47 employees. |
| Who is the CEO of TMC The Metals? | TMC The Metals' CEO is Gerard Barron. |
| Is TMC The Metals publicly listed? | Yes, TMC The Metals is a public company listed on Nasdaq. |
| What is the stock symbol of TMC The Metals? | TMC The Metals trades under TMC ticker. |
| When did TMC The Metals go public? | TMC The Metals went public in 2021. |
| Who are competitors of TMC The Metals? | TMC The Metals main competitors are Resolute Mining, Almasane Alkobra Mining, Pucobre, Metalúrgica Gerdau. |
| What is the current market cap of TMC The Metals? | TMC The Metals' current market cap is $2B. |
| Is TMC The Metals profitable? | No, TMC The Metals is not profitable. |
| What is the current EBITDA of TMC The Metals? | TMC The Metals has negative EBITDA and is not profitable. |
| What is the current EV/EBITDA multiple of TMC The Metals? | Current EBITDA multiple of TMC The Metals is (23.1x). |
| What is the current FCF of TMC The Metals? | TMC The Metals' last 12 months FCF is ($38M). |
| What is the current EV/FCF multiple of TMC The Metals? | Current FCF multiple of TMC The Metals is (61.9x). |
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