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Side-by-side financial comparison of AEMETIS, INC (AMTX) 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 $43.3M, roughly 1.1× AEMETIS, INC). On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -7.9%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -22.8%).

Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.

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.

AMTX vs CMCL — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.1× larger
CMCL
$46.9M
$43.3M
AMTX
Growing faster (revenue YoY)
CMCL
CMCL
+21.7% gap
CMCL
13.8%
-7.9%
AMTX
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-22.8%
AMTX

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
AMTX
AMTX
CMCL
CMCL
Revenue
$43.3M
$46.9M
Net Profit
$3.3M
Gross Margin
17.8%
41.2%
Operating Margin
-5.7%
18.6%
Net Margin
7.0%
Revenue YoY
-7.9%
13.8%
Net Profit YoY
-33.3%
EPS (diluted)
$-0.03
$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
AMTX
AMTX
CMCL
CMCL
Q4 25
$43.3M
Q3 25
$59.2M
Q2 25
$52.2M
Q1 25
$42.9M
Q4 24
$47.0M
Q3 24
$81.4M
$46.9M
Q2 24
$66.6M
$50.1M
Q1 24
$72.6M
$38.5M
Net Profit
AMTX
AMTX
CMCL
CMCL
Q4 25
Q3 25
$-23.7M
Q2 25
$-23.4M
Q1 25
$-24.5M
Q4 24
Q3 24
$-17.9M
$3.3M
Q2 24
$-29.2M
$10.2M
Q1 24
$-24.2M
$2.1M
Gross Margin
AMTX
AMTX
CMCL
CMCL
Q4 25
17.8%
Q3 25
-0.1%
Q2 25
-6.4%
Q1 25
-11.8%
Q4 24
-4.3%
Q3 24
4.8%
41.2%
Q2 24
-2.7%
45.8%
Q1 24
-0.8%
35.9%
Operating Margin
AMTX
AMTX
CMCL
CMCL
Q4 25
-5.7%
Q3 25
-14.4%
Q2 25
-20.4%
Q1 25
-36.3%
Q4 24
-28.7%
Q3 24
-4.8%
18.6%
Q2 24
-20.4%
32.2%
Q1 24
-13.0%
13.8%
Net Margin
AMTX
AMTX
CMCL
CMCL
Q4 25
Q3 25
-40.1%
Q2 25
-44.8%
Q1 25
-57.2%
Q4 24
Q3 24
-22.0%
7.0%
Q2 24
-43.8%
20.3%
Q1 24
-33.4%
5.4%
EPS (diluted)
AMTX
AMTX
CMCL
CMCL
Q4 25
$-0.03
Q3 25
$-0.37
Q2 25
$-0.41
Q1 25
$-0.47
Q4 24
$-0.29
Q3 24
$-0.38
$0.13
Q2 24
$-0.66
$0.42
Q1 24
$-0.58
$0.07

Balance Sheet & Financial Strength

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

Metric
AMTX
AMTX
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$4.9M
$7.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-306.8M
$231.0M
Total Assets
$259.8M
$339.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMTX
AMTX
CMCL
CMCL
Q4 25
$4.9M
Q3 25
$5.6M
Q2 25
$1.6M
Q1 25
$499.0K
Q4 24
$898.0K
Q3 24
$296.0K
$7.2M
Q2 24
$234.0K
$15.4M
Q1 24
$1.6M
$1.8M
Total Debt
AMTX
AMTX
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$338.1M
Q3 24
$322.2M
Q2 24
$309.0M
Q1 24
$307.2M
Stockholders' Equity
AMTX
AMTX
CMCL
CMCL
Q4 25
$-306.8M
Q3 25
$-304.9M
Q2 25
$-289.3M
Q1 25
$-280.7M
Q4 24
$-263.9M
Q3 24
$-258.9M
$231.0M
Q2 24
$-249.0M
$231.1M
Q1 24
$-232.1M
$220.3M
Total Assets
AMTX
AMTX
CMCL
CMCL
Q4 25
$259.8M
Q3 25
$241.1M
Q2 25
$240.0M
Q1 25
$242.5M
Q4 24
$259.3M
Q3 24
$259.3M
$339.7M
Q2 24
$259.3M
$338.5M
Q1 24
$259.3M
$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
AMTX
AMTX
CMCL
CMCL
Operating Cash FlowLast quarter
$5.8M
$4.6M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-24.9%
Capex IntensityCapex / Revenue
38.2%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-22.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMTX
AMTX
CMCL
CMCL
Q4 25
$5.8M
Q3 25
$3.1M
Q2 25
$-5.7M
Q1 25
$160.0K
Q4 24
$-12.6M
Q3 24
$-5.0M
$4.6M
Q2 24
$-5.1M
$19.1M
Q1 24
$-10.3M
Free Cash Flow
AMTX
AMTX
CMCL
CMCL
Q4 25
$-10.8M
Q3 25
$-1.0M
Q2 25
$-9.3M
Q1 25
$-1.7M
Q4 24
$-19.4M
Q3 24
$-9.5M
Q2 24
$-10.5M
Q1 24
$-13.9M
FCF Margin
AMTX
AMTX
CMCL
CMCL
Q4 25
-24.9%
Q3 25
-1.7%
Q2 25
-17.7%
Q1 25
-3.9%
Q4 24
-41.2%
Q3 24
-11.6%
Q2 24
-15.8%
Q1 24
-19.1%
Capex Intensity
AMTX
AMTX
CMCL
CMCL
Q4 25
38.2%
Q3 25
6.9%
Q2 25
6.7%
Q1 25
4.3%
Q4 24
14.4%
Q3 24
5.5%
Q2 24
8.1%
Q1 24
4.9%
Cash Conversion
AMTX
AMTX
CMCL
CMCL
Q4 25
Q3 25
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

AMTX
AMTX

Ethanol Sales$28.8M66%
Wet Distillers Grains$6.8M16%
California Dairy Renewable Natural Gas$5.2M12%
Other$1.8M4%

CMCL
CMCL

Segment breakdown not available.

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