TMC the metals (TMCWW) Financials

$0.93 -0.12 (-11.43%)

As of 03:59 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-82	-74	-171
Consolidated Net Income / (Loss)	-82	-74	-171
Net Income / (Loss) Continuing Operations	-82	-74	-171
Total Pre-Tax Income	-82	-74	-171
Total Operating Income	-81	-72	-174
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	81	72	174
Selling, General & Admin Expense	31	23	30
Exploration Expense	51	50	145
Other Special Charges / (Income)	0.20	0.00	-
Total Other Income / (Expense), net	-0.41	-1.35	3.23
Interest Expense	2.43	-0.52	-1.11
Interest & Investment Income	-0.23	-0.57	0.00
Other Income / (Expense), net	2.24	-1.30	2.12
Income Tax Expense	0.05	0.04	0.08
Basic Earnings per Share	$0.25	$0.26	$0.71
Weighted Average Basic Shares Outstanding	321.88M	288.64M	239.87M
Diluted Earnings per Share	$0.25	$0.26	$0.71
Weighted Average Diluted Shares Outstanding	321.88M	288.64M	239.87M
Weighted Average Basic & Diluted Shares Outstanding	347.91M	318.25M	277.88M

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-16	-21	-20	-25	-33	-12	-14	-14	-110	-28
Consolidated Net Income / (Loss)	-16	-21	-20	-25	-33	-12	-14	-14	-110	-28
Net Income / (Loss) Continuing Operations	-16	-21	-20	-25	-34	-12	-14	-14	-110	-28
Total Pre-Tax Income	-62	-20	0.00	0.00	-61	-12	0.00	0.00	-109	-28
Total Operating Income	-16	-20	-20	-25	-33	-13	-13	-13	-111	-29
Total Operating Expenses	17	20	20	25	33	13	13	13	111	29
Selling, General & Admin Expense	8.04	8.15	7.89	6.56	6.58	4.61	5.13	6.21	7.02	5.94
Exploration Expense	8.30	12	12	18	27	7.91	8.10	7.17	104	23
Total Other Income / (Expense), net	-0.12	0.39	0.10	-0.78	-0.36	0.07	-0.72	-0.34	1.79	0.70
Interest Expense	1.17	0.61	0.48	0.17	0.05	-0.07	-0.07	-0.43	-0.57	-0.35
Interest & Investment Income	-0.09	-0.06	0.00	-0.08	-0.23	-0.12	0.00	-0.22	-	0.00
Other Income / (Expense), net	1.14	1.05	0.58	-0.53	-0.08	0.12	-0.79	-0.54	1.23	0.35
Basic Earnings per Share	$0.05	$0.06	$0.06	$0.08	$0.12	$0.04	$0.05	$0.05	$0.45	$0.12
Weighted Average Basic Shares Outstanding	321.88M	323.66M	320.89M	311.52M	288.64M	294.64M	281.32M	272.03M	239.87M	239.74M
Diluted Earnings per Share	$0.05	$0.06	$0.06	$0.08	$0.12	$0.04	$0.05	$0.05	$0.45	$0.12
Weighted Average Diluted Shares Outstanding	321.88M	323.66M	320.89M	311.52M	288.64M	294.64M	281.32M	272.03M	239.87M	239.74M
Weighted Average Basic & Diluted Shares Outstanding	347.91M	324.26M	323.99M	320.51M	318.25M	305.16M	292.92M	280.64M	277.88M	265.53M

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	161	107	-38
Net Cash From Operating Activities	-43	-60	-67
Net Cash From Continuing Operating Activities	120	88	-67
Net Income / (Loss) Continuing Operations	0.00	0.00	-171
Amortization Expense	0.36	0.36	0.42
Non-Cash Adjustments To Reconcile Net Income	108	89	89
Changes in Operating Assets and Liabilities, net	12	-1.56	15
Net Cash From Investing Activities	-0.52	-0.58	-1.17
Net Cash From Continuing Investing Activities	-0.52	-0.58	-1.17
Purchase of Property, Plant & Equipment	-0.52	-0.58	-1.17
Net Cash From Financing Activities	41	20	30
Net Cash From Continuing Financing Activities	41	20	30
Repayment of Debt	-2.00	0.00	-
Issuance of Debt	6.28	0.00	-
Issuance of Common Equity	29	16	0.11
Other Financing Activities, net	7.61	3.90	30

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	36	132	-3.53	-3.14	51	83	-8.40	-18	-20	21
Net Cash From Operating Activities	-14	-5.74	-12	-12	-15	-13	-8.40	-23	-20	-8.64
Net Cash From Continuing Operating Activities	18	126	-12	-12	52	68	-8.40	-23	-20	-8.66
Amortization Expense	0.08	0.08	0.11	0.09	0.10	0.09	0.09	0.09	0.12	0.11
Non-Cash Adjustments To Reconcile Net Income	23	70	6.65	7.71	40	40	5.02	4.93	135	-25
Changes in Operating Assets and Liabilities, net	-4.76	10	1.31	5.54	12	0.52	0.61	-15	16	16
Net Cash From Investing Activities	-0.05	-0.05	-0.08	-0.34	-0.40	-0.10	-0.08	0.00	-0.21	-0.51
Net Cash From Continuing Investing Activities	-0.05	-0.05	-0.08	-0.34	-0.40	-0.10	-0.08	0.00	-0.21	-0.51
Purchase of Property, Plant & Equipment	-0.05	-0.05	-0.08	-0.34	-0.40	-0.10	-0.08	0.00	-0.21	-0.51
Net Cash From Financing Activities	17	5.63	8.64	9.05	-0.15	15	0.08	5.00	-0.05	30
Net Cash From Continuing Financing Activities	17	5.63	8.64	9.05	-0.15	15	0.08	5.00	-0.05	30
Issuance of Debt	0.17	0.25	-	-	-	-	-	-	-	-
Issuance of Common Equity	15	2.32	2.57	9.00	0.25	16	0.08	0.00	0.06	-
Other Financing Activities, net	2.29	5.05	0.22	0.05	-0.40	-0.70	-	5.00	0.01	30

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

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	61	61	65	88	75	85	117
Total Current Assets	2.92	1.71	5.94	28	22	32	72
Cash & Equivalents	0.36	0.47	3.99	23	20	28	67
Other Current Assets	2.56	1.24	1.95	5.33	1.64	3.23	5.04
Plant, Property, & Equipment, net	0.85	0.94	1.05	2.08	1.97	2.00	2.10
Total Noncurrent Assets	58	58	58	58	52	52	43
Long-Term Investments	8.23	8.29	8.35	8.53	8.64	8.78	-
Intangible Assets	1.87	1.79	1.72	-	-	-	-
Other Noncurrent Operating Assets	47	48	48	49	43	43	43
Total Liabilities & Shareholders' Equity	61	61	65	88	75	85	117
Total Liabilities	83	70	64	32	31	30	38
Total Current Liabilities	57	44	36	19	18	18	25
Short-Term Debt	9.18	5.88	-	-	-	-	-
Accounts Payable	48	38	36	19	18	18	25
Total Noncurrent Liabilities	26	27	27	13	13	12	13
Noncurrent Deferred & Payable Income Tax Liabilities	11	11	11	11	11	11	11
Other Noncurrent Operating Liabilities	15	16	17	2.20	2.31	1.53	2.23
Total Equity & Noncontrolling Interests	-21	-9.61	1.81	55	44	56	79
Total Preferred & Common Equity	-21	-9.61	1.81	55	44	56	79
Total Common Equity	-21	-9.61	1.81	55	44	56	79
Common Stock	595	586	577	558	534	532	446
Retained Earnings	-615	-594	-574	-502	-489	-475	-366
Accumulated Other Comprehensive Income / (Loss)	-1.20	-1.22	-1.22	-1.22	-1.22	-1.22	-1.22

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	0.00%	0.00%	0.00%
EBITDA Growth	-7.31%	57.26%	-22.77%
EBIT Growth	-7.27%	57.16%	-22.67%
NOPAT Growth	-12.29%	58.43%	-16.40%
Net Income Growth	-11.06%	56.84%	-20.99%
EPS Growth	-3.85%	-63.38%	2.90%
Operating Cash Flow Growth	27.03%	10.56%	-18.74%
Free Cash Flow Firm Growth	14.44%	52.42%	-25.69%
Invested Capital Growth	-291.13%	18.95%	-168.18%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	18.72%	51.12%	-84.93%
EBIT Q/Q Growth	18.66%	51.00%	-84.53%
NOPAT Q/Q Growth	17.22%	51.87%	-49.71%
Net Income Q/Q Growth	17.51%	50.78%	-83.52%
EPS Q/Q Growth	-21.88%	-55.93%	0.00%
Operating Cash Flow Q/Q Growth	3.11%	7.25%	10.62%
Free Cash Flow Firm Q/Q Growth	-87.66%	55.96%	-9.11%
Invested Capital Q/Q Growth	18.48%	-117.92%	-144.07%
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	100.06%	100.06%	100.05%
Interest Burden Percent	103.61%	100.07%	99.35%
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)	2,643.32%	-281.48%	-254.68%
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)	2,643.32%	-281.48%	-254.68%
Return on Equity Simple (ROE_SIMPLE)	478.69%	-675.77%	-411.91%
Net Operating Profit after Tax (NOPAT)	-57	-51	-122
NOPAT Margin	0.00%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	-329.96%	-74.37%	-74.51%
Return On Investment Capital (ROIC_SIMPLE)	1,064.96%	-464.12%	-
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)	-79	-74	-172
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-79	-73	-172
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	30.75	4.93
Price to Tangible Book Value (P/TBV)	0.00	36.19	4.93
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	-0.69	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	2.45	-1.19	-0.98
Leverage Ratio	-21.27	3.12	1.70
Compound Leverage Factor	-22.04	3.12	1.69
Debt to Total Capital	-220.38%	0.00%	0.00%
Short-Term Debt to Total Capital	-220.38%	0.00%	0.00%
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	320.38%	100.00%	100.00%
Debt to EBITDA	-0.15	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	-0.21	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	-16.39	-11.60	-10.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.10	0.28	1.19
Quick Ratio	0.06	0.22	1.13
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-52	-109
Operating Cash Flow to CapEx	-8,440.39%	-10,306.75%	-5,697.43%
Free Cash Flow to Firm to Interest Expense	-18.23	0.00	0.00
Operating Cash Flow to Interest Expense	-17.92	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-18.13	0.00	0.00
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	-17	-4.35	-5.37
Invested Capital Turnover	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	-13	1.02	-13
Enterprise Value (EV)	363	320	158
Market Capitalization	363	336	204
Book Value per Share	($0.05)	$0.04	$0.16
Tangible Book Value per Share	($0.06)	$0.03	$0.16
Total Capital	-5.34	11	42
Total Debt	12	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	0.09	-15	-47
Capital Expenditures (CapEx)	0.52	0.58	1.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	-29	-39
Debt-free Net Working Capital (DFNWC)	-37	-23	7.99
Net Working Capital (NWC)	-49	-23	7.99
Net Nonoperating Expense (NNE)	25	23	49
Net Nonoperating Obligations (NNO)	0.09	-15	-47
Total Depreciation and Amortization (D&A)	0.36	0.36	0.42
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	$0.25	$0.26	$0.71
Adjusted Weighted Average Basic Shares Outstanding	321.88M	288.64M	239.87M
Adjusted Diluted Earnings per Share	$0.25	$0.26	$0.71
Adjusted Weighted Average Diluted Shares Outstanding	321.88M	288.64M	239.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	347.91M	318.25M	277.88M
Normalized Net Operating Profit after Tax (NOPAT)	-57	-51	-122
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	-32.58	0.00	0.00
NOPAT to Interest Expense	-23.45	0.00	0.00
EBIT Less CapEx to Interest Expense	-32.79	0.00	0.00
NOPAT Less CapEx to Interest Expense	-23.67	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-0.47%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
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	54.50%	-52.87%	-40.74%	-81.57%	69.76%	56.25%	-11.40%	34.10%	-253.13%	22.47%
EBIT Growth	54.39%	-52.47%	-40.66%	-81.04%	69.70%	56.11%	-11.26%	33.98%	-252.05%	22.17%
NOPAT Growth	50.85%	-59.47%	-53.41%	-84.43%	70.11%	56.24%	27.82%	15.87%	-108.14%	23.06%
Net Income Growth	52.00%	-64.59%	-42.96%	-83.26%	69.46%	55.31%	-13.91%	34.90%	-244.96%	23.89%
EPS Growth	-58.33%	50.00%	20.00%	60.00%	-73.33%	-66.67%	0.00%	-44.44%	0.00%	-33.33%
Operating Cash Flow Growth	9.18%	54.13%	-43.93%	49.53%	23.47%	-44.78%	62.83%	-51.23%	28.50%	68.40%
Free Cash Flow Firm Growth	105.06%	249.56%	155.52%	168.15%	62.41%	45.36%	-110.55%	-107.08%	-237.69%	-114.20%
Invested Capital Growth	-291.13%	-186.00%	-181.12%	-157.30%	18.95%	99.25%	0.00%	72.15%	-168.18%	304.33%
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	19.65%	3.97%	21.99%	24.41%	-169.96%	11.59%	-0.65%	87.41%	-290.55%	-125.10%
EBIT Q/Q Growth	19.57%	4.09%	21.81%	24.38%	-168.86%	11.52%	-0.64%	87.34%	-289.45%	-124.30%
NOPAT Q/Q Growth	18.10%	1.64%	17.77%	25.79%	-165.69%	5.37%	1.15%	87.97%	-288.98%	-56.08%
Net Income Q/Q Growth	21.73%	-1.75%	19.95%	24.70%	-168.38%	11.63%	-2.61%	87.45%	-292.80%	-125.24%
EPS Q/Q Growth	-16.67%	0.00%	-25.00%	-33.33%	200.00%	-20.00%	0.00%	-88.89%	275.00%	140.00%
Operating Cash Flow Q/Q Growth	-140.43%	52.55%	-2.00%	22.10%	-21.43%	-48.89%	64.24%	-18.35%	-129.74%	61.77%
Free Cash Flow Firm Q/Q Growth	-96.06%	127.81%	17.70%	147.88%	-16.49%	15.43%	-44.49%	73.59%	-69.32%	-116.33%
Invested Capital Q/Q Growth	18.48%	-67.14%	-18.65%	-141.95%	-117.92%	57.64%	-16.19%	442.21%	-144.07%	0.00%
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	25.77%	104.83%	0.00%	0.00%	54.59%	100.11%	0.00%	0.00%	100.08%	99.96%
Interest Burden Percent	409.79%	103.52%	0.00%	0.00%	183.82%	100.42%	0.00%	0.00%	99.48%	98.75%
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)	2,643.32%	-586.27%	-530.00%	-297.16%	-281.48%	-223.02%	-375.25%	-241.87%	-254.68%	-100.31%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-643.66%	-1,713.09%	-879.77%	0.00%	-816.91%
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)	2,643.32%	-586.27%	-530.00%	-297.16%	-281.48%	-223.02%	-375.25%	-241.87%	-254.68%	-100.31%
Return on Equity Simple (ROE_SIMPLE)	0.00%	462.72%	950.22%	-4,708.67%	0.00%	-270.77%	-375.25%	-294.50%	0.00%	-117.83%
Net Operating Profit after Tax (NOPAT)	-11	-14	-14	-17	-23	-8.76	-9.26	-9.37	-78	-20
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)	-60.84%	-42.94%	-37.80%	-31.98%	-32.75%	-7.56%	-33.83%	-8.25%	-48.09%	-8.77%
Return On Investment Capital (ROIC_SIMPLE)	214.18%	-	-	-	-213.24%	-	-	-	-	-
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)	-15	-19	-20	-25	-33	-12	-14	-14	-110	-28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-15	-19	-20	-25	-33	-12	-14	-14	-110	-28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	251.44	30.75	5.24	10.38	4.15	4.93	3.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	4,946.71	36.19	5.24	10.38	4.15	4.93	3.02
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)	0.00	0.00	0.00	0.00	0.00	10.68	27.83	10.51	0.00	14.08
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	-0.69	-0.43	-0.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	2.45	-0.90	-0.92	-0.86	-1.19	-0.73	-0.65	-0.79	-0.98	-0.97
Leverage Ratio	-21.27	4.39	3.94	2.63	3.12	1.52	1.71	1.49	1.70	1.48
Compound Leverage Factor	-87.18	4.55	0.00	0.00	5.74	1.53	0.00	0.00	1.69	1.46
Debt to Total Capital	-220.38%	-74.63%	-157.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	-220.38%	-74.63%	-157.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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	320.38%	174.63%	257.42%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-0.15	-0.09	-0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-0.01	0.03	0.00	0.00	0.00	0.00	0.00	0.00	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	-0.21	-0.13	-0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-0.01	0.05	0.00	0.00	0.00	0.00	0.00	0.00	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	-13.05	-13.63	-11.93	-9.82	-9.67	-2.96	-0.85	-3.49	-8.45	-0.93
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	0.10	0.05	0.04	0.16	0.28	1.44	1.19	1.80	1.19	2.85
Quick Ratio	0.06	0.01	0.01	0.11	0.22	1.17	1.10	1.62	1.13	2.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1.23	31	14	12	-24	-21	-25	-17	-65	-38
Operating Cash Flow to CapEx	-27,582.00%	-11,472.00%	-16,118.67%	-3,485.88%	-3,767.99%	-12,505.00%	-11,198.67%	0.00%	-9,449.05%	-1,703.55%
Free Cash Flow to Firm to Interest Expense	1.05	51.31	28.77	68.84	-517.01	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-11.76	-9.43	-25.40	-70.13	-323.09	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-11.80	-9.52	-25.55	-72.14	-331.66	0.00	0.00	0.00	0.00	0.00
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	-17	-21	-12	-11	-4.35	24	15	18	-5.37	12
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	-13	-45	-28	-29	1.02	12	15	7.70	-13	18
Enterprise Value (EV)	363	344	430	443	320	259	429	193	158	172
Market Capitalization	363	343	433	455	336	290	457	230	204	238
Book Value per Share	($0.05)	($0.07)	($0.03)	$0.01	$0.04	$0.19	$0.16	$0.20	$0.16	$0.35
Tangible Book Value per Share	($0.06)	($0.07)	($0.04)	$0.00	$0.03	$0.19	$0.16	$0.20	$0.16	$0.35
Total Capital	-5.34	-12	-3.73	1.81	11	55	44	56	42	79
Total Debt	12	9.18	5.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.09	0.58	-2.89	-12	-15	-31	-29	-37	-47	-67
Capital Expenditures (CapEx)	0.05	0.05	0.08	0.34	0.40	0.10	0.08	0.00	0.21	0.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	-46	-37	-35	-29	-14	-16	-14	-39	-20
Debt-free Net Working Capital (DFNWC)	-37	-45	-36	-31	-23	8.53	3.53	14	7.99	47
Net Working Capital (NWC)	-49	-54	-42	-31	-23	8.53	3.53	14	7.99	47
Net Nonoperating Expense (NNE)	4.62	6.55	5.96	7.92	10	3.70	4.85	4.38	32	7.87
Net Nonoperating Obligations (NNO)	0.09	0.58	-2.89	-12	-15	-31	-29	-37	-47	-67
Total Depreciation and Amortization (D&A)	0.08	0.08	0.11	0.09	0.10	0.09	0.09	0.09	0.12	0.11
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	$0.05	$0.06	$0.06	$0.08	$0.12	$0.04	$0.05	$0.00	$0.45	$0.00
Adjusted Weighted Average Basic Shares Outstanding	321.88M	323.66M	320.89M	311.52M	288.64M	294.64M	281.32M	272.03M	239.87M	0.00
Adjusted Diluted Earnings per Share	$0.05	$0.06	$0.06	$0.08	$0.12	$0.04	$0.05	$0.00	$0.45	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	321.88M	323.66M	320.89M	311.52M	288.64M	294.64M	281.32M	300.38M	239.87M	0.00
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	347.91M	324.26M	323.99M	320.51M	318.25M	305.16M	292.92M	280.64M	277.88M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-11	-14	-14	-17	-23	-8.76	-9.26	-9.37	-78	-20
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	-12.97	-31.10	-41.42	-149.19	-709.38	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-9.76	-22.98	-29.85	-102.23	-495.35	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-13.01	-31.18	-41.58	-151.20	-717.96	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-9.80	-23.06	-30.00	-104.25	-503.92	0.00	0.00	0.00	0.00	0.00
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.47%	-0.73%

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 5/27/2025 by MarketBeat.com Staff

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TMC the metals (TMCWW) Financials

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TMC the metals (TMCWW) Financials

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