TMC the metals (TMCWW) Financials

$0.58 +0.02 (+3.88%)

As of 03:14 PM Eastern

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
Period end date	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
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

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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 financial year end?

According to the most recent income statement we have on file, TMC the metals' fiscal year ends in December. Their fiscal 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:TMCWW) was last updated on 5/5/2025 by MarketBeat.com Staff

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TMC the metals (TMCWW) Financials

Frequently Asked Questions About TMC the metals' Financials

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TMC the metals (TMCWW) Financials

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