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Side-by-side financial comparison of C3.ai, Inc. (AI) and McEwen Inc. (MUX). Click either name above to swap in a different company.

C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $64.6M, roughly 1.2× McEwen Inc.). McEwen Inc. runs the higher net margin — 59.0% vs -139.3%, a 198.3% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs -20.3%). Over the past eight quarters, McEwen Inc.'s revenue compounded faster (25.2% CAGR vs -2.1%).

C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

AI vs MUX — Head-to-Head

Bigger by revenue
AI
AI
1.2× larger
AI
$75.1M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+113.1% gap
MUX
92.8%
-20.3%
AI
Higher net margin
MUX
MUX
198.3% more per $
MUX
59.0%
-139.3%
AI
Faster 2-yr revenue CAGR
MUX
MUX
Annualised
MUX
25.2%
-2.1%
AI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AI
AI
MUX
MUX
Revenue
$75.1M
$64.6M
Net Profit
$-104.7M
$38.1M
Gross Margin
40.4%
26.9%
Operating Margin
-149.2%
34.2%
Net Margin
-139.3%
59.0%
Revenue YoY
-20.3%
92.8%
Net Profit YoY
-58.7%
563.1%
EPS (diluted)
$-0.75
$0.66

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
AI
AI
MUX
MUX
Q4 25
$75.1M
$64.6M
Q3 25
$70.3M
$50.5M
Q2 25
$108.7M
$46.7M
Q1 25
$98.8M
$35.7M
Q4 24
$94.3M
$33.5M
Q3 24
$87.2M
$52.3M
Q2 24
$86.6M
$47.5M
Q1 24
$78.4M
$41.2M
Net Profit
AI
AI
MUX
MUX
Q4 25
$-104.7M
$38.1M
Q3 25
$-116.8M
$-462.0K
Q2 25
$-79.7M
$3.0M
Q1 25
$-80.2M
$-6.3M
Q4 24
$-66.0M
$-8.2M
Q3 24
$-62.8M
$-2.1M
Q2 24
$-72.9M
$-13.0M
Q1 24
$-72.6M
$-20.4M
Gross Margin
AI
AI
MUX
MUX
Q4 25
40.4%
26.9%
Q3 25
37.6%
15.5%
Q2 25
62.1%
26.3%
Q1 25
59.1%
28.2%
Q4 24
61.3%
1.1%
Q3 24
59.8%
26.4%
Q2 24
59.6%
22.7%
Q1 24
57.8%
14.6%
Operating Margin
AI
AI
MUX
MUX
Q4 25
-149.2%
34.2%
Q3 25
-177.7%
-16.7%
Q2 25
-81.8%
-7.2%
Q1 25
-88.7%
-21.4%
Q4 24
-79.8%
-43.4%
Q3 24
-83.2%
-0.2%
Q2 24
-95.1%
-29.4%
Q1 24
-105.3%
-53.3%
Net Margin
AI
AI
MUX
MUX
Q4 25
-139.3%
59.0%
Q3 25
-166.2%
-0.9%
Q2 25
-73.3%
6.5%
Q1 25
-81.2%
-17.6%
Q4 24
-69.9%
-24.6%
Q3 24
-72.0%
-4.0%
Q2 24
-84.2%
-27.4%
Q1 24
-92.6%
-49.4%
EPS (diluted)
AI
AI
MUX
MUX
Q4 25
$-0.75
$0.66
Q3 25
$-0.86
$-0.01
Q2 25
$-0.60
$0.06
Q1 25
$-0.62
$-0.12
Q4 24
$-0.52
$-0.15
Q3 24
$-0.50
$-0.04
Q2 24
$-0.59
$-0.26
Q1 24
$-0.60
$-0.41

Balance Sheet & Financial Strength

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

Metric
AI
AI
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$675.0M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$771.9M
$546.2M
Total Assets
$961.3M
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AI
AI
MUX
MUX
Q4 25
$675.0M
$72.1M
Q3 25
$711.9M
$75.4M
Q2 25
$742.7M
$69.5M
Q1 25
$724.3M
$79.3M
Q4 24
$730.4M
$15.3M
Q3 24
$762.5M
$30.2M
Q2 24
$750.4M
$42.6M
Q1 24
$723.3M
$22.0M
Total Debt
AI
AI
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
AI
AI
MUX
MUX
Q4 25
$771.9M
$546.2M
Q3 25
$798.8M
$488.6M
Q2 25
$838.3M
$484.5M
Q1 25
$860.2M
$479.8M
Q4 24
$859.0M
$495.0M
Q3 24
$874.9M
$502.1M
Q2 24
$873.4M
$485.2M
Q1 24
$898.0M
$482.5M
Total Assets
AI
AI
MUX
MUX
Q4 25
$961.3M
$820.2M
Q3 25
$968.7M
$747.6M
Q2 25
$1.0B
$735.6M
Q1 25
$1.1B
$730.6M
Q4 24
$1.0B
$664.6M
Q3 24
$1.1B
$667.8M
Q2 24
$1.0B
$645.1M
Q1 24
$1.1B
$638.7M
Debt / Equity
AI
AI
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
AI
AI
MUX
MUX
Operating Cash FlowLast quarter
$-46.5M
$3.1M
Free Cash FlowOCF − Capex
$-46.9M
FCF MarginFCF / Revenue
-62.4%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AI
AI
MUX
MUX
Q4 25
$-46.5M
$3.1M
Q3 25
$-33.5M
$5.2M
Q2 25
$11.3M
$478.0K
Q1 25
$-22.0M
$-1.9M
Q4 24
$-38.7M
$-1.2M
Q3 24
$8.0M
$23.2M
Q2 24
$21.3M
$3.6M
Q1 24
$-39.1M
$3.9M
Free Cash Flow
AI
AI
MUX
MUX
Q4 25
$-46.9M
Q3 25
$-34.3M
Q2 25
$10.3M
Q1 25
$-22.4M
Q4 24
$-39.5M
Q3 24
$7.1M
Q2 24
$18.8M
Q1 24
$-45.1M
FCF Margin
AI
AI
MUX
MUX
Q4 25
-62.4%
Q3 25
-48.8%
Q2 25
9.5%
Q1 25
-22.7%
Q4 24
-41.9%
Q3 24
8.2%
Q2 24
21.7%
Q1 24
-57.6%
Capex Intensity
AI
AI
MUX
MUX
Q4 25
0.5%
Q3 25
1.1%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.9%
Q3 24
1.1%
Q2 24
2.9%
Q1 24
7.8%
Cash Conversion
AI
AI
MUX
MUX
Q4 25
0.08×
Q3 25
Q2 25
0.16×
Q1 25
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

AI
AI

License And Service$70.2M93%
Professional Services$4.9M7%

MUX
MUX

Segment breakdown not available.

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