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Side-by-side financial comparison of TMC the metals Co Inc. (TMC) and TENARIS SA (TS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company focuses on the mining of polymetallic nodules in the Clarion Clipperton Zone of the Pacific.

Tenaris S.A., organized in Luxembourg, is a manufacturer and supplier of steel pipes and related services for the petroleum industry. The company produces and ships over 4 million tons of pipes annually. In 2023, 53% of the company's sales were to North America, 22% of sales were to South America, 18% of sales were to the Asia-Pacific, and 7% of sales were to Europe.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
TMC
TMC
TS
TS
Q4 25
$1.3M
Q3 25
$1.3M
Q2 25
$147.0K
Q1 25
$19.0K
Q4 24
$51.0K
Q3 24
$7.0K
Q1 24
$102.0K
Q4 23
$205.0K
Net Profit
TMC
TMC
TS
TS
Q4 25
$-40.4M
Q3 25
$-184.5M
Q2 25
$-74.3M
Q1 25
$-20.6M
Q4 24
$-16.1M
Q3 24
$-20.5M
Q1 24
$-25.2M
Q4 23
$-33.5M
Operating Margin
TMC
TMC
TS
TS
Q4 25
-3470.9%
Q3 25
-4134.4%
Q2 25
-14949.0%
Q1 25
-94815.8%
Q4 24
-32054.9%
Q3 24
-285171.4%
Q1 24
-24198.0%
Q4 23
-16223.9%
Net Margin
TMC
TMC
TS
TS
Q4 25
-3136.5%
Q3 25
-13780.2%
Q2 25
-50572.1%
Q1 25
-108357.9%
Q4 24
-31492.2%
Q3 24
-293142.9%
Q1 24
-24700.0%
Q4 23
-16321.5%
EPS (diluted)
TMC
TMC
TS
TS
Q4 25
$0.11
Q3 25
$0.46
Q2 25
$0.20
Q1 25
$0.06
Q4 24
$0.05
Q3 24
$0.06
Q1 24
$0.08
Q4 23
$0.12

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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