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Side-by-side financial comparison of TMC the metals Co Inc. (TMC) and AgEagle Aerial Systems Inc. (UAVS). Click either name above to swap in a different company.

AgEagle Aerial Systems Inc. is the larger business by last-quarter revenue ($2.0M vs $1.3M, roughly 1.5× TMC the metals Co Inc.). AgEagle Aerial Systems Inc. runs the higher net margin — -132.7% vs -3136.5%, a 3003.8% gap on every dollar of revenue. On growth, TMC the metals Co Inc. posted the faster year-over-year revenue change (2425.5% vs -40.0%). AgEagle Aerial Systems Inc. produced more free cash flow last quarter ($-3.3M vs $-11.5M). Over the past eight quarters, TMC the metals Co Inc.'s revenue compounded faster (159.0% CAGR vs -17.9%).

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.

Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.

TMC vs UAVS — Head-to-Head

Bigger by revenue
UAVS
UAVS
1.5× larger
UAVS
$2.0M
$1.3M
TMC
Growing faster (revenue YoY)
TMC
TMC
+2465.5% gap
TMC
2425.5%
-40.0%
UAVS
Higher net margin
UAVS
UAVS
3003.8% more per $
UAVS
-132.7%
-3136.5%
TMC
More free cash flow
UAVS
UAVS
$8.2M more FCF
UAVS
$-3.3M
$-11.5M
TMC
Faster 2-yr revenue CAGR
TMC
TMC
Annualised
TMC
159.0%
-17.9%
UAVS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
TMC
TMC
UAVS
UAVS
Revenue
$1.3M
$2.0M
Net Profit
$-40.4M
$-2.6M
Gross Margin
38.5%
Operating Margin
-3470.9%
-160.1%
Net Margin
-3136.5%
-132.7%
Revenue YoY
2425.5%
-40.0%
Net Profit YoY
-151.5%
24.4%
EPS (diluted)
$0.11
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TMC
TMC
UAVS
UAVS
Q4 25
$1.3M
Q3 25
$1.3M
$2.0M
Q2 25
$4.2M
Q1 25
$3.6M
Q4 24
$2.8M
Q3 24
$3.3M
Q2 24
$3.4M
Q1 24
$3.9M
Net Profit
TMC
TMC
UAVS
UAVS
Q4 25
$-40.4M
Q3 25
$-184.5M
$-2.6M
Q2 25
$-1.3M
Q1 25
$7.1M
Q4 24
$-22.3M
Q3 24
$-3.5M
Q2 24
$-2.9M
Q1 24
$-6.3M
Gross Margin
TMC
TMC
UAVS
UAVS
Q4 25
Q3 25
38.5%
Q2 25
55.7%
Q1 25
58.5%
Q4 24
40.6%
Q3 24
49.7%
Q2 24
45.8%
Q1 24
50.2%
Operating Margin
TMC
TMC
UAVS
UAVS
Q4 25
-3470.9%
Q3 25
-4134.4%
-160.1%
Q2 25
-49.3%
Q1 25
-27.5%
Q4 24
-207.0%
Q3 24
-56.7%
Q2 24
-74.9%
Q1 24
-61.5%
Net Margin
TMC
TMC
UAVS
UAVS
Q4 25
-3136.5%
Q3 25
-13780.2%
-132.7%
Q2 25
-30.5%
Q1 25
193.5%
Q4 24
-791.9%
Q3 24
-105.3%
Q2 24
-86.4%
Q1 24
-162.2%
EPS (diluted)
TMC
TMC
UAVS
UAVS
Q4 25
$0.11
Q3 25
$0.46
$-0.09
Q2 25
$-0.32
Q1 25
$-0.09
Q4 24
$52.35
Q3 24
$-16.03
Q2 24
$-12.06
Q1 24
$-70.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TMC
TMC
UAVS
UAVS
Cash + ST InvestmentsLiquidity on hand
$117.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$28.3M
Total Assets
$181.6M
$34.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TMC
TMC
UAVS
UAVS
Q4 25
$117.6M
Q3 25
$115.6M
Q2 25
Q1 25
$3.8M
Q4 24
$3.6M
Q3 24
$265.1K
Q2 24
$977.2K
Q1 24
$822.9K
Total Debt
TMC
TMC
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
$420.4K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TMC
TMC
UAVS
UAVS
Q4 25
$-33.4M
Q3 25
$-40.6M
$28.3M
Q2 25
$16.3M
Q1 25
$4.2M
Q4 24
$-5.7M
Q3 24
$6.2M
Q2 24
$8.1M
Q1 24
$9.1M
Total Assets
TMC
TMC
UAVS
UAVS
Q4 25
$181.6M
Q3 25
$175.6M
$34.5M
Q2 25
$23.2M
Q1 25
$20.2M
Q4 24
$20.6M
Q3 24
$22.0M
Q2 24
$22.8M
Q1 24
$23.2M
Debt / Equity
TMC
TMC
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
0.10×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TMC
TMC
UAVS
UAVS
Operating Cash FlowLast quarter
$-11.4M
$-3.3M
Free Cash FlowOCF − Capex
$-11.5M
$-3.3M
FCF MarginFCF / Revenue
-889.8%
-168.0%
Capex IntensityCapex / Revenue
8.2%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TMC
TMC
UAVS
UAVS
Q4 25
$-11.4M
Q3 25
$-11.5M
$-3.3M
Q2 25
$-2.7M
Q1 25
$-1.3M
Q4 24
$-2.5M
Q3 24
$-1.1M
Q2 24
$-1.4M
Q1 24
$-1.6M
Free Cash Flow
TMC
TMC
UAVS
UAVS
Q4 25
$-11.5M
Q3 25
$-11.5M
$-3.3M
Q2 25
$-2.8M
Q1 25
$-1.3M
Q4 24
$-2.5M
Q3 24
$-1.1M
Q2 24
$-1.4M
Q1 24
$-1.6M
FCF Margin
TMC
TMC
UAVS
UAVS
Q4 25
-889.8%
Q3 25
-859.4%
-168.0%
Q2 25
-65.7%
Q1 25
-35.8%
Q4 24
-89.7%
Q3 24
-32.7%
Q2 24
-42.5%
Q1 24
-40.5%
Capex Intensity
TMC
TMC
UAVS
UAVS
Q4 25
8.2%
Q3 25
1.5%
0.7%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
0.6%
Cash Conversion
TMC
TMC
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
-0.18×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TMC
TMC

Segment breakdown not available.

UAVS
UAVS

Drones Segment$1.1M54%
Other$912.5K46%

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