TMQ Basic Materials

Trilogy Metals Inc.

$2.19+0.46%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Canada
Market cap: 391.8M USD
Enterprise value: 333.9M USD
Full-time employees: 5

Overall health

Not enough data: too little is reported yet for an overall view

Only 2 of 4 categories have enough reported data; an overall score needs at least 3.

See how it ranks against its peers

Worth knowing

Loss over 12 months, profit last quarter. Lost money in the 12 months to August 2026, but made a $244K profit in the quarter to August 2026.
Trilogy Metals reported a net loss over the last twelve months, but its most recent quarter was profitable ($244K). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.
Little borrowing. Debt is 0.00× equity vs a peer median of 0.4×.Debt is 0.00× equity vs peers 0.4×.
Trilogy Metals has among the least debt in its peer group relative to shareholders' equity.
More volatile share price. Beta 1.67: tends to move more than the market.
Trilogy Metals's shares have swung more with the market than most peers' (beta 1.67, above the market's 1.0).

StockQuotient Score

—

Valuation

Is the price right?

20/100

Weak

2/3 inputs reported · Partial data

Since last quarter: ▼ Weaker

Share count up 5.0% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-12.0%

SEC filings · 12 months to Aug 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0854 · MAD: 0.0520

Free cash flow yield-1.4%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield29.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 21 → 22

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.67

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -3.48Sector median: 0.6950 · MAD: 0.2810

Current ratio1.33×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.64Sector median: 1.7610 · MAD: 0.6770

Debt / equity<0.01×

Yahoo Finance fallback · no standard SEC debt tagOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.21Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Trilogy Metals

Is Trilogy Metals getting weaker?: Its latest SEC filing (Oct 2, 2026) got weaker in some ways: share count up 5.0%.
How is Trilogy Metals valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 20/100 against 1,371 basic materials peers. Earnings yield -12.0% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -12.0% vs peers 3.6% (weaker than 100% of peers).
Is Trilogy Metals growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Trilogy Metals?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How risky is Trilogy Metals?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity <0.01× vs a peer median of 0.36× (stronger than 95% of peers).Debt / equity <0.01× vs peers 0.36× (stronger than 95% of peers). Beta 1.67 vs a peer median of 0.69 (weaker than 93% of peers).Beta 1.67 vs peers 0.69 (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Aug 31, 2026 · filed Oct 2, 2026 · compared with the quarter ended May 31, 2026

Got weaker

Share count up 5.0% (existing holders diluted)

	Previous quarter	Latest quarter	Change
Net income (12 months)	−49.8M USD	−47.9M USD	−4.0%
Cash	38.8M USD	31.2M USD	−19.6%
Shares outstanding	172.7M	181.4M	+5.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Nov 2021	FY Nov 2022	FY Nov 2023	FY Nov 2024	FY Nov 2025	Change
Return on assets (ROA)	-12.9%	-16.6%	-10.8%	-6.4%	-26.9%	▼ 20 pts
Return on equity (ROE)	-13.0%	-16.7%	-10.9%	-6.5%	-34.0%	▼ 28 pts
Current ratio	6.41×	5.45×	6.20×	32.84×	1.57×	▼ 95%

TMQ price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Worth knowing

Loss over 12 months, profit last quarter. Lost money in the 12 months to August 2026, but made a $244K profit in the quarter to August 2026.

Trilogy Metals reported a net loss over the last twelve months, but its most recent quarter was profitable ($244K). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

Little borrowing. Debt is 0.00× equity vs a peer median of 0.4×.Debt is 0.00× equity vs peers 0.4×.

Trilogy Metals has among the least debt in its peer group relative to shareholders' equity.

More volatile share price. Beta 1.67: tends to move more than the market.

Trilogy Metals's shares have swung more with the market than most peers' (beta 1.67, above the market's 1.0).

Questions investors ask about Trilogy Metals

Is Trilogy Metals getting weaker?

Its latest SEC filing (Oct 2, 2026) got weaker in some ways: share count up 5.0%.

How is Trilogy Metals valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 20/100 against 1,371 basic materials peers. Earnings yield -12.0% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -12.0% vs peers 3.6% (weaker than 100% of peers).

Is Trilogy Metals growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Trilogy Metals?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How risky is Trilogy Metals?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity <0.01× vs a peer median of 0.36× (stronger than 95% of peers).Debt / equity <0.01× vs peers 0.36× (stronger than 95% of peers). Beta 1.67 vs a peer median of 0.69 (weaker than 93% of peers).Beta 1.67 vs peers 0.69 (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Net income (12 months)

−49.8M USD

−47.9M USD

−4.0%

Cash

38.8M USD

31.2M USD

−19.6%

Shares outstanding

172.7M

181.4M

+5.0%

Key ratios

FY Nov 2021

FY Nov 2022

FY Nov 2023

FY Nov 2024

FY Nov 2025

Change

Return on assets (ROA)

-12.9%

-16.6%

-10.8%

-6.4%

-26.9%

▼ 20 pts

Return on equity (ROE)

-13.0%

-16.7%

-10.9%

-6.5%

-34.0%

▼ 28 pts

Current ratio

6.41×

5.45×

6.20×

32.84×

1.57×

▼ 95%