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Side-by-side financial comparison of AGENUS INC (AGEN) and Caledonia Mining Corp Plc (CMCL). Click either name above to swap in a different company.

Caledonia Mining Corp Plc is the larger business by last-quarter revenue ($46.9M vs $34.2M, roughly 1.4× AGENUS INC). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -31.0%, a 38.0% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs 13.8%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 10.5%).

Agenus Inc. is a Lexington, Massachusetts-based biotechnology company focused on immunotherapy including immuno-oncology, a field that uses the immune system to control or cure cancer. The company is developing checkpoint modulators (CPMs), patient-specific anti-cancer vaccines, and adjuvants designed for use with various vaccines. CPM development is a particularly fast-moving field, since early products have produced unprecedented clinical benefits for patients.

Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central, and South America. It is headquartered in Lima, Peru, with a corporate office in London, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The main shareholder is the Peruvian businessman Eduardo Hochschild.

AGEN vs CMCL — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.4× larger
CMCL
$46.9M
$34.2M
AGEN
Growing faster (revenue YoY)
AGEN
AGEN
+13.7% gap
AGEN
27.5%
13.8%
CMCL
Higher net margin
CMCL
CMCL
38.0% more per $
CMCL
7.0%
-31.0%
AGEN
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
AGEN
AGEN
CMCL
CMCL
Revenue
$34.2M
$46.9M
Net Profit
$-10.6M
$3.3M
Gross Margin
41.2%
Operating Margin
42.1%
18.6%
Net Margin
-31.0%
7.0%
Revenue YoY
27.5%
13.8%
Net Profit YoY
77.3%
-33.3%
EPS (diluted)
$0.09
$0.13

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
AGEN
AGEN
CMCL
CMCL
Q4 25
$34.2M
Q3 25
$30.2M
Q2 25
$25.7M
Q1 25
$24.1M
Q4 24
$26.8M
Q3 24
$25.1M
$46.9M
Q2 24
$23.5M
$50.1M
Q1 24
$28.0M
$38.5M
Net Profit
AGEN
AGEN
CMCL
CMCL
Q4 25
$-10.6M
Q3 25
$63.9M
Q2 25
$-30.0M
Q1 25
$-26.4M
Q4 24
$-46.8M
Q3 24
$-67.2M
$3.3M
Q2 24
$-54.8M
$10.2M
Q1 24
$-63.5M
$2.1M
Gross Margin
AGEN
AGEN
CMCL
CMCL
Q4 25
Q3 25
97.9%
Q2 25
99.1%
Q1 25
99.4%
Q4 24
99.6%
Q3 24
99.4%
41.2%
Q2 24
99.5%
45.8%
Q1 24
99.6%
35.9%
Operating Margin
AGEN
AGEN
CMCL
CMCL
Q4 25
42.1%
Q3 25
-15.0%
Q2 25
-65.0%
Q1 25
-55.3%
Q4 24
-96.5%
Q3 24
-125.5%
18.6%
Q2 24
-128.4%
32.2%
Q1 24
-117.4%
13.8%
Net Margin
AGEN
AGEN
CMCL
CMCL
Q4 25
-31.0%
Q3 25
211.4%
Q2 25
-116.8%
Q1 25
-109.6%
Q4 24
-174.4%
Q3 24
-267.7%
7.0%
Q2 24
-233.1%
20.3%
Q1 24
-226.6%
5.4%
EPS (diluted)
AGEN
AGEN
CMCL
CMCL
Q4 25
$0.09
Q3 25
$1.94
Q2 25
$-1.00
Q1 25
$-1.03
Q4 24
$-1.95
Q3 24
$-3.08
$0.13
Q2 24
$-2.52
$0.42
Q1 24
$-3.04
$0.07

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$3.0M
$7.2M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-271.1M
$231.0M
Total Assets
$226.8M
$339.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
CMCL
CMCL
Q4 25
$3.0M
Q3 25
$3.5M
Q2 25
$9.5M
Q1 25
$18.5M
Q4 24
$40.4M
Q3 24
$44.8M
$7.2M
Q2 24
$93.7M
$15.4M
Q1 24
$52.9M
$1.8M
Total Debt
AGEN
AGEN
CMCL
CMCL
Q4 25
$44.7M
Q3 25
$34.2M
Q2 25
$33.9M
Q1 25
$33.6M
Q4 24
$33.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AGEN
AGEN
CMCL
CMCL
Q4 25
$-271.1M
Q3 25
$-274.1M
Q2 25
$-354.6M
Q1 25
$-341.8M
Q4 24
$-326.4M
Q3 24
$-292.3M
$231.0M
Q2 24
$-241.3M
$231.1M
Q1 24
$-201.4M
$220.3M
Total Assets
AGEN
AGEN
CMCL
CMCL
Q4 25
$226.8M
Q3 25
$233.9M
Q2 25
$185.2M
Q1 25
$200.2M
Q4 24
$226.3M
Q3 24
$238.5M
$339.7M
Q2 24
$292.4M
$338.5M
Q1 24
$256.6M
$321.8M

Cash Flow & Capital Efficiency

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

Metric
AGEN
AGEN
CMCL
CMCL
Operating Cash FlowLast quarter
$-16.6M
$4.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGEN
AGEN
CMCL
CMCL
Q4 25
$-16.6M
Q3 25
$-14.7M
Q2 25
$-20.2M
Q1 25
$-25.6M
Q4 24
$-28.7M
Q3 24
$-53.3M
$4.6M
Q2 24
$-38.2M
$19.1M
Q1 24
$-38.2M
Free Cash Flow
AGEN
AGEN
CMCL
CMCL
Q4 25
Q3 25
Q2 25
$-20.2M
Q1 25
$-25.6M
Q4 24
$-28.7M
Q3 24
$-53.3M
Q2 24
$-38.6M
Q1 24
$-38.2M
FCF Margin
AGEN
AGEN
CMCL
CMCL
Q4 25
Q3 25
Q2 25
-78.7%
Q1 25
-106.5%
Q4 24
-107.0%
Q3 24
-212.2%
Q2 24
-164.4%
Q1 24
-136.5%
Capex Intensity
AGEN
AGEN
CMCL
CMCL
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
2.0%
Q1 24
0.1%
Cash Conversion
AGEN
AGEN
CMCL
CMCL
Q4 25
Q3 25
-0.23×
Q2 25
Q1 25
Q4 24
Q3 24
1.40×
Q2 24
1.87×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGEN
AGEN

Non Cash Royalty Revenue$31.1M91%
Other$3.2M9%

CMCL
CMCL

Segment breakdown not available.

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