What is TMC the metals company Inc.'s enterprise value?

TMC the metals company Inc. (TMC) reported enterprise value of $2.28B in Q2 2025.

How has TMC the metals company Inc.'s enterprise value changed year-over-year?

TMC the metals company Inc.'s enterprise value increased by 420.0% year-over-year, from $438.61M to $2.28B.

What does enterprise value mean?

Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.

TMC the metals company Inc. TMC Enterprise value

Enterprise value at other companies

Freeport-McMoRan Inc.FCX

$90.73B+54.1%

Perpetua Resources Corp.PPTA

$2.83B+282%

NovaGold ResourcesNG

$3.86B+202%

MP MaterialsMP

$8.7B+84.9%

MaterionMTRN

$3.56B+60.2%

Ivanhoe ElectricIE

$1.6B+130%

Other financials

Income statement

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Revenue$410.0K+263%

Operating income-$34.0M-88.6%

Net income-$20.6M-0.1%

EPS (diluted)$0.05-16.7%

Balance sheet

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Cash & equivalents$119.7M+5,002%

Total debt$2.5M-57.8%

Total equity-$27.3M-63.1%

Total assets$184.9M+187%

Cash flow

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Operating cash flow-$615.0K+93.4%

CapEx$35.0K-50.0%

Free cash flow-$650.0K+93.1%

Valuation

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Market cap$2.09B+237%

Returns & leverage

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Return on equity-390.9%+322pp

Debt / equity0×—

Current ratio2.2×+2.0×

Where this comes from

Calculated from TMC the metals company Inc.’s reported figures.

$2.4Bmarket cap+$2.5Mtotal debt−$115.8Mcash and equivalents=$2.28B

The official record: TMC the metals company Inc.’s 10-Q, filed August 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is TMC the metals company Inc.'s enterprise value?: TMC the metals company Inc. (TMC) reported enterprise value of $2.28B in Q2 2025.
How has TMC the metals company Inc.'s enterprise value changed year-over-year?: TMC the metals company Inc.'s enterprise value increased by 420.0% year-over-year, from $438.61M to $2.28B.
What does enterprise value mean?: Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.