Employees: 13
Size Trilogy Metals (TMQ.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $391M, the 379th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.02 on 6 Nov 2026.
Performance Over six months the shares fell 50.3%, against -36.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 21 in its peer set.
Valuation It trades at 3.22× book value against a peer median of 2.27× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 29.5%; Trilogy Metals delivers -39.3%, so the price asks more than the business earns today.
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | C$0 | C$0 | -C$5,453 | -C$10,809 | -C$22,018 |
| EBITDA | -C$17.0M | -C$13.2M | -C$9.13M | -C$9.75M | -C$8.97M |
| Net income | -C$66.5M | -C$59.2M | -C$11.7M | -C$20.2M | -C$31.4M |
| Free cash flow | -C$7.70M | -C$4.55M | -C$2.49M | -C$4.18M | -C$5.10M |
| Capital expenditure | C$0 | C$0 | C$0 | C$0 | C$0 |
| Total debt | C$112,290 | C$154,740 | C$205,822 | C$44,743 | C$300,965 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TMQ.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.2% | -14.9% | 5th lowest of 21 |
| 6-month return | -50.3% | -36.5% | 8th lowest of 21 |
| Return on equity | -39.3% | -14.3% | 5th lowest of 21 |
| Price / book | 3.22× | 2.27× | 8th most expensive of 21 |
| ROE the price implies | 29.5% | 17.5% | 8th most demanding of 21 |
| ROE delivered | -39.3% | -13.8% | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Trilogy Metals TMQ.TO | Canada | $391M | -50% | n/a | -39% | 3.22× | 29.5% | -39.3% |
| Anhui Zhongyuan New Materials 603527.SS | China | $396M | -36% | +59% | 1% | 1.25× | 11.2% | 1.1% |
| Shanxi Huayang New Material 600281.SS | China | $385M | -11% | +10% | -59% | 14.25× | 102.7% | -59.5% |
| Tintina Mines TTS.V | Canada | $380M | +219% | n/a | -100% | 173.11× | 2,008.6% | -99.6% |
| Aclara Resources ARA.TO | Canada | $402M | -50% | n/a | -5% | 1.98× | 12.9% | -5.2% |
| Regulus Resources REG.V | Canada | $402M | +15% | n/a | -4% | 8.32× | 26.3% | -3.8% |
| Boss Energy BOE.AX | Australia | $403M | 0% | +100% | 1% | 1.22× | 12.4% | 0.5% |
| Lifezone Metals LZM | United States | $378M | -30% | +652% | -17% | 4.24× | 39.2% | n/a |
| People & Technology 137400.KS | South Korea | $408M | -57% | -18% | 12% | 0.76× | 6.5% | 12.3% |
| WA1 Resources WA1.AX | Australia | $410M | -51% | n/a | -2% | 2.71× | 49.1% | -2.3% |
| Alpha HPA A4N.AX | Australia | $372M | -42% | +135% | -14% | 1.31× | 14.6% | -13.5% |
| Vulcan Energy Resources VUL.AX | Australia | $370M | -70% | -33% | -18% | 0.47× | 9.5% | -17.9% |
| Standard Lithium SLI.V | Canada | $365M | -62% | n/a | -15% | 0.97× | 15.9% | -15.5% |
| Ashapura Minechem ASHAPURMIN.NS | India | $421M | -37% | +63% | 28% | 2.41× | 40.7% | n/a |
| United States Antimony UAMY | United States | $422M | -74% | +36% | -15% | 2.33× | 13.1% | -14.9% |
| NioCorp Developments NB | United States | $423M | -52% | n/a | -21% | 0.98× | 6.3% | n/a |
| Group 6 Metals G6M.AX | Australia | $424M | -9% | +508% | 198% | 3.94× | 19.1% | 197.6% |
| REalloys ALOY | United States | $427M | -38% | +21% | -150% | 2.21× | 24.0% | -150.2% |
| Roxmore Resources RM.TO | Canada | $357M | +65% | n/a | -19% | 6.05× | 97.7% | -18.8% |
| Magna Mining NICU.TO | Canada | $429M | -15% | +299% | -63% | 5.56× | 71.4% | -63.0% |
| Central Asia Metals CAML.L | United Kingdom | $430M | -17% | +23% | -14% | 0.97× | 15.0% | -13.8% |