TMC
TMC the metals company Inc.
Industrial Materials
Market Cap$2.36B
5Y Perf.+24.7%
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Stock Comparison
TMC vs PPTA
Revenue, margins, valuation, and 5-year total return — side by side.
PPTA
Perpetua Resources Corp.
Other Precious Metals
Market Cap$3.07B
5Y Perf.+472.5%
TMC vs PPTA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | TMC | PPTA |
|---|---|---|
| Industry | Industrial Materials | Other Precious Metals |
| Market Cap | $2.36B | $3.07B |
| Revenue (TTM) | $0.00 | $0.00 |
| Net Income (TTM) | $-296M | $-44M |
| Forward P/E | — | 129.6x |
| Total Debt | $12M | $28K |
| Cash & Equiv. | $3M | $44M |
TMC vs PPTA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TMC
PPTA
| Stock | Sep 21 | May 26 | Return |
|---|---|---|---|
| TMC the metals comp… (TMC) | 100 | 124.7 | +24.7% |
| Perpetua Resources … (PPTA) | 100 | 572.5 | +472.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TMC vs PPTA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PPTA leads in 3 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. TMC the metals company Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
TMC
TMC the metals company Inc.
The Growth Leader
TMC is the clearest fit if your priority is growth and momentum.
- -162.0% revenue growth vs PPTA's -260.4%
- +95.9% vs PPTA's +93.6%
Best for: growth and momentum
PPTA
Perpetua Resources Corp.
The Income Pick
PPTA carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.08
- EPS growth -139.7%
- 252.0% 10Y total return vs TMC's -39.4%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TMC | -162.0% revenue growth vs PPTA's -260.4% |
| Quality / Margins | PPTA | 0.2% margin vs TMC's -3.9% |
| Stability / Safety | PPTA | Beta 1.08 vs TMC's 2.37 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | TMC | +95.9% vs PPTA's +93.6% |
| Efficiency (ROA) | PPTA | -13.7% ROA vs TMC's -168.3% |
TMC vs PPTA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPPTALAGGINGTMC
TMCTMC the metals compan…
1leads
PPTAPerpetua Resources Co…
3leads
6 Total Categories
CATEGORYLEADERvs TMCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PPTA1/1
Valuation MetricsMultiples, price ratios, and targets
TMC1/1
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PPTA5/5
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
PPTA2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
PPTA leads this category, winning 1 of 1 comparable metric.
Income & Cash Flow (Last 12 Months)
TMC and PPTA operate at a comparable scale, with $0 and $0 in trailing revenue.
| Metric | TMCTMC the metals co… | PPTAPerpetua Resource… |
|---|---|---|
| RevenueTrailing 12 months | $0 | $0 |
| EBITDAEarnings before interest/tax | -$111M | -$75M |
| Net IncomeAfter-tax profit | -$296M | -$44M |
| Free Cash FlowCash after capex | -$45M | -$61M |
| Gross MarginGross profit ÷ Revenue | — | — |
| Operating MarginEBIT ÷ Revenue | — | — |
| Net MarginNet income ÷ Revenue | — | — |
| FCF MarginFCF ÷ Revenue | — | — |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -8.0% | -5.4% |
PPTA leads this category, winning 1 of 1 comparable metric.
Valuation Metrics
TMC leads this category, winning 1 of 1 comparable metric.
Valuation Metrics
| Metric | TMCTMC the metals co… | PPTAPerpetua Resource… |
|---|---|---|
| Market CapShares × price | $2.4B | $3.1B |
| Enterprise ValueMkt cap + debt − cash | $2.4B | $3.0B |
| Trailing P/EPrice ÷ TTM EPS | -22.80x | 129.59x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | — | — |
| Price / BookPrice ÷ Book value/share | — | 17.19x |
| Price / FCFMarket cap ÷ FCF | — | — |
TMC leads this category, winning 1 of 1 comparable metric.
Profitability & Efficiency
PPTA leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), PPTA scores 4/9 vs TMC's 2/9, reflecting mixed financial health.
| Metric | TMCTMC the metals co… | PPTAPerpetua Resource… |
|---|---|---|
| ROE (TTM)Return on equity | — | -14.1% |
| ROA (TTM)Return on assets | -168.3% | -13.7% |
| ROICReturn on invested capital | — | -58.4% |
| ROCEReturn on capital employed | -3.5% | -56.0% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 4 |
| Debt / EquityFinancial leverage | — | 0.00x |
| Net DebtTotal debt minus cash | $8M | -$44M |
| Cash & Equiv.Liquid assets | $3M | $44M |
| Total DebtShort + long-term debt | $12M | $28,288 |
| Interest CoverageEBIT ÷ Interest expense | -105.76x | — |
PPTA leads this category, winning 5 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — TMC and PPTA each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PPTA five years ago would be worth $32,583 today (with dividends reinvested), compared to $6,057 for TMC. Over the past 12 months, TMC leads with a +95.9% total return vs PPTA's +93.6%. The 3-year compound annual growth rate (CAGR) favors TMC at 95.3% vs PPTA's 75.1% — a key indicator of consistent wealth creation.
| Metric | TMCTMC the metals co… | PPTAPerpetua Resource… |
|---|---|---|
| YTD ReturnYear-to-date | -15.9% | +16.2% |
| 1-Year ReturnPast 12 months | +95.9% | +93.6% |
| 3-Year ReturnCumulative with dividends | +645.1% | +436.9% |
| 5-Year ReturnCumulative with dividends | -39.4% | +225.8% |
| 10-Year ReturnCumulative with dividends | -39.4% | +252.0% |
| CAGR (3Y)Annualised 3-year return | +95.3% | +75.1% |
Evenly matched — TMC and PPTA each lead in 3 of 6 comparable metrics.
Risk & Volatility
PPTA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PPTA is the less volatile stock with a 1.08 beta — it tends to amplify market swings less than TMC's 2.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PPTA currently trades 76.3% from its 52-week high vs TMC's 50.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TMCTMC the metals co… | PPTAPerpetua Resource… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.37x | 1.08x |
| 52-Week HighHighest price in past year | $11.35 | $37.37 |
| 52-Week LowLowest price in past year | $2.81 | $11.22 |
| % of 52W HighCurrent price vs 52-week peak | +50.2% | +76.3% |
| RSI (14)Momentum oscillator 0–100 | 63.5 | 53.2 |
| Avg Volume (50D)Average daily shares traded | 5.5M | 1.4M |
PPTA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates TMC as "Buy" and PPTA as "Buy". Consensus price targets imply 110.5% upside for TMC (target: $12) vs 43.8% for PPTA (target: $41).
| Metric | TMCTMC the metals co… | PPTAPerpetua Resource… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $12.00 | $41.00 |
| # AnalystsCovering analysts | 2 | 3 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
PPTA leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TMC leads in 1 (Valuation Metrics). 1 tied.
Best OverallPerpetua Resources Corp. (PPTA)Leads 3 of 6 categories
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TMC vs PPTA: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is TMC or PPTA a better buy right now?
Perpetua Resources Corp.
(PPTA) offers the better valuation at 129. 6x trailing P/E, making it the more compelling value choice. Analysts rate TMC the metals company Inc. (TMC) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — TMC or PPTA?
Over the past 5 years, Perpetua Resources Corp.
(PPTA) delivered a total return of +225. 8%, compared to -39. 4% for TMC the metals company Inc. (TMC). Over 10 years, the gap is even starker: PPTA returned +252. 0% versus TMC's -39. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — TMC or PPTA?
By beta (market sensitivity over 5 years), Perpetua Resources Corp.
(PPTA) is the lower-risk stock at 1. 08β versus TMC the metals company Inc. 's 2. 37β — meaning TMC is approximately 119% more volatile than PPTA relative to the S&P 500.
04Which has better profit margins — TMC or PPTA?
TMC the metals company Inc.
(TMC) is the more profitable company, earning 0. 0% net margin versus 0. 0% for Perpetua Resources Corp. — meaning it keeps 0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TMC leads at 0. 0% versus 0. 0% for PPTA. At the gross margin level — before operating expenses — TMC leads at 0. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — TMC or PPTA?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is TMC or PPTA better for a retirement portfolio?
For long-horizon retirement investors, Perpetua Resources Corp.
(PPTA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 08), +252. 0% 10Y return). TMC the metals company Inc. (TMC) carries a higher beta of 2. 37 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PPTA: +252. 0%, TMC: -39. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between TMC and PPTA?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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