TMC The Metals [TMC] vs Mp Materials [MP] Detailed Stock Comparison

TMC The Metals Co. Inc.

NASDAQ
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Mp Materials Corp.

NYSE
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TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: TMC The Metals Co. Inc. wins in 6 metrics, Mp Materials Corp. wins in 8 metrics, with 1 ties. Mp Materials Corp. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric TMC The Metals Co. Inc. Mp Materials Corp. Better
P/E Ratio (TTM) -6.11 770.50 Mp Materials Corp.
Price-to-Book Ratio N/A 6.20 N/A
Debt-to-Equity Ratio 0.00 43.25 Tie
PEG Ratio -31.03 -5.68 Mp Materials Corp.
EV/EBITDA -16.94 -329.01 TMC The Metals Co. Inc.
Profit Margin (TTM) 0.00% -31.18% TMC The Metals Co. Inc.
Operating Margin (TTM) 0.00% -0.92% TMC The Metals Co. Inc.
Return on Equity 956.39% -4.98% TMC The Metals Co. Inc.
Return on Assets (TTM) -71.56% -2.53% Mp Materials Corp.
Free Cash Flow (TTM) $-43.10M $-328.13M TMC The Metals Co. Inc.
1-Year Return 35.35% 196.93% Mp Materials Corp.
Price-to-Sales Ratio (TTM) N/A 44.63 N/A
Enterprise Value $2.37B $11.91B Mp Materials Corp.
EV/Revenue Ratio N/A 43.24 N/A
Gross Profit Margin (TTM) N/A -32.22% N/A
Revenue per Share (TTM) $0 $2 Mp Materials Corp.
Earnings per Share (Diluted) $-0.83 $-0.50 Mp Materials Corp.
Beta (Stock Volatility) 2.00 1.68 Mp Materials Corp.
Short % of Float 10.77% 15.85% TMC The Metals Co. Inc.

TMC The Metals Co. Inc. vs Mp Materials Corp. Stock Performance Analysis

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TMC
MP

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
TMC The Metals Co. Inc.-5.70%15.28%25.05%1.72%-12.30%-4.28%
Mp Materials Corp.-5.11%7.81%9.09%13.32%18.70%31.38%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
TMC The Metals Co. Inc.35.35%802.99%-35.71%-35.71%-35.71%-35.71%
Mp Materials Corp.196.93%193.16%104.49%550.91%550.91%550.91%

Performance & Financial Health Analysis: TMC The Metals Co. Inc. vs Mp Materials Corp.

MetricTMCMP
Market Information
Market Cap i$2.92B$11.25B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i5,048,7515,634,013
90 Day Avg. Volume i5,924,0505,550,161
Last Close$6.12$68.55
52 Week Range$3.93 - $11.35$20.60 - $100.25
% from 52W High-46.08%-31.62%
All-Time High$15.39 (Sep 13, 2021)$97.00 (Oct 15, 2025)
% from All-Time High-60.23%-29.33%
Growth Metrics
Quarterly Revenue GrowthN/A0.70%
Quarterly Earnings GrowthN/A-0.14%
Financial Health
Profit Margin (TTM) i0.00%-0.31%
Operating Margin (TTM) i0.00%-0.01%
Return on Equity (TTM) i9.56%-0.05%
Debt to Equity (MRQ) i0.0043.25
Cash & Liquidity
Book Value per Share (MRQ)$-0.08$11.16
Cash per Share (MRQ)$0.27$10.30
Operating Cash Flow (TTM) i$-42,851,000$-155,755,008
Levered Free Cash Flow (TTM) i$16.81M$-237,324,752
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: TMC The Metals Co. Inc. vs Mp Materials Corp.

MetricTMC (Apr 24, 2026)MP (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i-6.11770.50
Forward P/E i-31.0352.02
PEG Ratio i-31.03-5.68
Price to Sales (TTM) iN/A44.63
Price to Book (MRQ) iN/A6.20
Market Capitalization
Market Capitalization i$2.92B$11.25B
Enterprise Value i$2.37B$11.91B
Enterprise Value Metrics
Enterprise to Revenue iN/A43.24
Enterprise to EBITDA i-16.94-329.01
Risk & Other Metrics
Beta i2.001.68
Book Value per Share (MRQ) i$-0.08$11.16

Financial Statements Comparison: TMC The Metals Co. Inc. vs Mp Materials Corp.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricTMC (2025)MP (2025)
Revenue/Sales i0224.44M
Cost of Goods Sold iN/A282.06M
COGS % of Revenue i-125.7%
Gross Profit iN/A-57.62M
Gross Margin i--25.7%
Research & Development iN/A24.21M
Operating Income (EBIT) i-140.05M-145.09M
Operating Margin i--64.6%
EBITDA i-267.72M7.26M
EBITDA Margin i-3.2%
Pre-Tax Income i-319.70M-117.77M
Pre-Tax Income % of Revenue i--52.5%
Income Tax i144,000-31.90M
Income Tax % of Revenue i--14.2%
Net Income (Profit) i-319.84M-85.87M
Profit Margin i--38.3%

Balance Sheet & Liquidity Metrics

MetricTMC (2025)MP (2025)
Cash & Equivalents i117.63M1.17B
Total Current Assets i120.68M2.17B
Total Current Assets % of Revenue i-965.0%
Total Current Liabilities i59.40M299.05M
Total Current Liabilities % of Revenue i-133.2%
Long-Term Debt iN/A939.76M
Long-Term Debt % of Revenue i-418.7%
Total Shareholders Equity i-33.44M1.98B
Retained Earnings i-951.28M234.43M
Retained Earnings % of Revenue i-104.4%
Property, Plant & Equipment i5.20M13.21M

Cash Flow Statement Comparison

MetricTMC (2025)MP (2025)
Operating Cash Flow i-91.21M-126.11M
Operating Cash Flow % of Revenue i--56.2%
Capital Expenditures i-245,000-168.31M
Free Cash Flow i-43.10M-328.13M
FCF Margin i--146.2%
Debt Repayment i-11.78M-6.14M
Common Stock Repurchase iN/A-31.10M

Short Interest & Institutional Ownership Analysis

MetricTMCMP
Shares Short i29.52M25.72M
Short Ratio i4.784.41
Short % of Float i10.77%15.85%
Shares Outstanding i422.97M177.36M
Float Shares i240.02M142.70M
% Held by Insiders i47.28%19.75%
% Held by Institutions i11.40%65.38%
% Held by Public i41.32%14.87%

Dividend Analysis & Yield Comparison: TMC The Metals Co. Inc. vs Mp Materials Corp.

MetricTMCMP
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A