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Side-by-side financial comparison of ARTESIAN RESOURCES CORP (ARTNA) 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 $28.0M, roughly 1.7× ARTESIAN RESOURCES CORP). ARTESIAN RESOURCES CORP runs the higher net margin — 14.8% vs 7.0%, a 7.8% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 4.3%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 6.8%).

Artesian Resources Corp is a US-headquartered regulated water utility and wastewater service provider, primarily serving residential, commercial, industrial and municipal customers across Delaware. It focuses on delivering safe, reliable drinking water supply and sustainable wastewater treatment solutions to local communities.

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.

ARTNA vs CMCL — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.7× larger
CMCL
$46.9M
$28.0M
ARTNA
Growing faster (revenue YoY)
CMCL
CMCL
+9.5% gap
CMCL
13.8%
4.3%
ARTNA
Higher net margin
ARTNA
ARTNA
7.8% more per $
ARTNA
14.8%
7.0%
CMCL
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
6.8%
ARTNA

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ARTNA
ARTNA
CMCL
CMCL
Revenue
$28.0M
$46.9M
Net Profit
$4.1M
$3.3M
Gross Margin
41.2%
Operating Margin
20.6%
18.6%
Net Margin
14.8%
7.0%
Revenue YoY
4.3%
13.8%
Net Profit YoY
7.5%
-33.3%
EPS (diluted)
$0.39
$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
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$28.0M
Q3 25
$30.5M
Q2 25
$28.5M
Q1 25
$25.9M
Q4 24
$26.9M
Q3 24
$29.1M
$46.9M
Q2 24
$27.4M
$50.1M
Q1 24
$24.5M
$38.5M
Net Profit
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$4.1M
Q3 25
$7.0M
Q2 25
$6.3M
Q1 25
$5.4M
Q4 24
$3.8M
Q3 24
$6.8M
$3.3M
Q2 24
$5.3M
$10.2M
Q1 24
$4.4M
$2.1M
Gross Margin
ARTNA
ARTNA
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
41.2%
Q2 24
45.8%
Q1 24
35.9%
Operating Margin
ARTNA
ARTNA
CMCL
CMCL
Q4 25
20.6%
Q3 25
28.3%
Q2 25
27.5%
Q1 25
21.4%
Q4 24
21.0%
Q3 24
29.5%
18.6%
Q2 24
26.3%
32.2%
Q1 24
19.2%
13.8%
Net Margin
ARTNA
ARTNA
CMCL
CMCL
Q4 25
14.8%
Q3 25
22.8%
Q2 25
22.0%
Q1 25
21.0%
Q4 24
14.3%
Q3 24
23.4%
7.0%
Q2 24
19.4%
20.3%
Q1 24
18.0%
5.4%
EPS (diluted)
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$0.39
Q3 25
$0.68
Q2 25
$0.61
Q1 25
$0.53
Q4 24
$0.37
Q3 24
$0.66
$0.13
Q2 24
$0.52
$0.42
Q1 24
$0.43
$0.07

Balance Sheet & Financial Strength

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

Metric
ARTNA
ARTNA
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$52.0K
$7.2M
Total DebtLower is stronger
$176.4M
Stockholders' EquityBook value
$249.9M
$231.0M
Total Assets
$851.2M
$339.7M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$52.0K
Q3 25
$705.0K
Q2 25
$349.0K
Q1 25
$3.7M
Q4 24
$1.1M
Q3 24
$10.7M
$7.2M
Q2 24
$6.3M
$15.4M
Q1 24
$9.5M
$1.8M
Total Debt
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$176.4M
Q3 25
Q2 25
Q1 25
Q4 24
$178.7M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$249.9M
Q3 25
$248.8M
Q2 25
$244.9M
Q1 25
$241.7M
Q4 24
$239.2M
Q3 24
$238.3M
$231.0M
Q2 24
$234.4M
$231.1M
Q1 24
$232.0M
$220.3M
Total Assets
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$851.2M
Q3 25
$833.9M
Q2 25
$819.3M
Q1 25
$808.9M
Q4 24
$798.6M
Q3 24
$796.0M
$339.7M
Q2 24
$783.1M
$338.5M
Q1 24
$798.6M
$321.8M
Debt / Equity
ARTNA
ARTNA
CMCL
CMCL
Q4 25
0.71×
Q3 25
Q2 25
Q1 25
Q4 24
0.75×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ARTNA
ARTNA
CMCL
CMCL
Operating Cash FlowLast quarter
$10.5M
$4.6M
Free Cash FlowOCF − Capex
$-7.9M
FCF MarginFCF / Revenue
-28.1%
Capex IntensityCapex / Revenue
65.4%
Cash ConversionOCF / Net Profit
2.53×
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$10.5M
Q3 25
$11.0M
Q2 25
$7.9M
Q1 25
$11.0M
Q4 24
$6.7M
Q3 24
$10.7M
$4.6M
Q2 24
$6.9M
$19.1M
Q1 24
$12.6M
Free Cash Flow
ARTNA
ARTNA
CMCL
CMCL
Q4 25
$-7.9M
Q3 25
$-3.3M
Q2 25
$-7.9M
Q1 25
$560.0K
Q4 24
$-8.3M
Q3 24
$-1.9M
Q2 24
$-2.6M
Q1 24
$3.7M
FCF Margin
ARTNA
ARTNA
CMCL
CMCL
Q4 25
-28.1%
Q3 25
-10.7%
Q2 25
-27.8%
Q1 25
2.2%
Q4 24
-30.9%
Q3 24
-6.5%
Q2 24
-9.4%
Q1 24
15.0%
Capex Intensity
ARTNA
ARTNA
CMCL
CMCL
Q4 25
65.4%
Q3 25
46.7%
Q2 25
55.6%
Q1 25
40.2%
Q4 24
55.9%
Q3 24
43.1%
Q2 24
34.5%
Q1 24
36.4%
Cash Conversion
ARTNA
ARTNA
CMCL
CMCL
Q4 25
2.53×
Q3 25
1.58×
Q2 25
1.26×
Q1 25
2.02×
Q4 24
1.74×
Q3 24
1.56×
1.40×
Q2 24
1.29×
1.87×
Q1 24
2.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARTNA
ARTNA

Water Sales$22.3M80%
Other Utility Operating Revenue$3.8M14%
Non Utility Operating Revenue$1.9M7%

CMCL
CMCL

Segment breakdown not available.

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