TMC

Company Overview — What Does TMC the metals Co Inc. 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. The company primarily explores for nickel, cobalt, copper, and manganese products. TMC the metals company Inc., through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the CCZ of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, clean energy transmission, manganese alloy production required for steel production, and other applications. The company was formerly known as Sustainable Opportunities Acquisition Corporation and changed its name to TMC the metals company Inc. TMC the metals company Inc. was incorporated in 2019 and is based in Vancouver, Canada. TMC the metals Co Inc. (TMC) is classified as a small-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO Gerard Barron and employs approximately 30 people, headquartered in DALLAS, British Columbia. With a market capitalization of $1.9B, TMC is one of the notable companies in the Materials sector.

TMC the metals Co Inc. (TMC) Stock Rating — Avoid (April 2026)

As of April 2026, TMC the metals Co Inc. receives a Avoid rating with a composite score of 27.5/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.TMC ranks #3,954 out of 4,446 stocks in our coverage universe. Within the Materials sector, TMC the metals Co Inc. ranks #276 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TMC Stock Price and 52-Week Range

TMC the metals Co Inc. (TMC) currently trades at $4.36. The stock lost $0.06 (1.4%) in the most recent trading session. The 52-week high for TMC is $11.35, which means the stock is currently trading -61.6% from its annual peak. The 52-week low is $1.57, putting the stock 177.7% above its annual trough. Recent trading volume was 3.6M shares, reflecting moderate market activity.

Is TMC Overvalued or Undervalued? — Valuation Analysis

TMC the metals Co Inc. (TMC) carries a value factor score of 25/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 5.23x, compared to the Materials sector average of 26.50x — a discount of 80%. The price-to-sales ratio is 1263.47x, compared to 0.74x for the average Materials stock.

At current multiples, TMC the metals Co Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

TMC the metals Co Inc. Profitability — ROE, Margins, and Quality Score

TMC the metals Co Inc. (TMC) earns a quality factor score of 11/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 951.8%, compared to the Materials sector average of 3.3%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at -165.2% versus the sector average of 0.6%.

The operating margin is -99767.6% (sector: 6.0%). Net profit margin stands at -116463.3%, versus 3.0% for the average Materials stock. Revenue growth is running at 226.6% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TMC Debt, Balance Sheet, and Financial Health

TMC the metals Co Inc. has a debt-to-equity ratio of 0.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.03x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $116M.

TMC has a beta of 1.75, meaning it is more volatile than the broader market — a $10,000 investment in TMC would be expected to move 75.3% more than the S&P 500 on any given day. The stability factor score for TMC the metals Co Inc. is 17/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

TMC the metals Co Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, TMC the metals Co Inc. reported revenue of $2M and earnings per share (EPS) of $0.83. Net income for the quarter was $-300M. Operating income came in at $-115M.

In FY 2025, TMC the metals Co Inc. reported revenue of $3M and earnings per share (EPS) of $0.83. Net income for the quarter was $-320M. Revenue grew 1486.9% year-over-year compared to FY 2024. Operating income came in at $-140M.

In Q3 2025, TMC the metals Co Inc. reported revenue of $1M and earnings per share (EPS) of $0.46. Net income for the quarter was $-185M. Revenue grew 19028.6% year-over-year compared to Q3 2024. Operating income came in at $-55M.

In Q2 2025, TMC the metals Co Inc. reported revenue of $147,000 and earnings per share (EPS) of $0.20. Net income for the quarter was $-74M. Revenue grew -64.1% year-over-year compared to Q2 2024. Operating income came in at $-22M.

Over the past 8 quarters, TMC the metals Co Inc. has demonstrated a growth trajectory, with revenue expanding from $410,000 to $2M. Investors analyzing TMC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TMC Dividend Yield and Income Analysis

TMC the metals Co Inc. (TMC) does not currently pay a dividend. This is common among smaller companies in the Non-Metallic And Industrial Metal Mining industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

TMC Momentum and Technical Analysis Profile

TMC the metals Co Inc. (TMC) has a momentum factor score of 50/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 44/100 reflects moderate short selling activity.

TMC vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, TMC the metals Co Inc. (TMC) ranks #276 out of 284 stocks based on the Blank Capital composite score. This places TMC in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing TMC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TMC vs S&P 500 (SPY) comparison to assess how TMC the metals Co Inc. stacks up against the broader market across all factor dimensions.

TMC Next Earnings Date

No upcoming earnings date has been announced for TMC the metals Co Inc. (TMC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TMC? — Investment Thesis Summary

The quantitative profile for TMC the metals Co Inc. suggests caution. The quality score of 11/100 flags below-average profitability. The value score of 25/100 indicates premium valuation. High volatility (stability score 17/100) increases portfolio risk.

In summary, TMC the metals Co Inc. (TMC) earns a Avoid rating with a composite score of 27.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TMC stock.

Related Resources for TMC Investors

Explore more research and tools: TMC vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TMC head-to-head with peers: TMC vs CF, TMC vs NTR, TMC vs UAN.