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Side-by-side financial comparison of ASPEN AEROGELS INC (ASPN) 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 $41.3M, roughly 1.1× ASPEN AEROGELS INC). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -176.4%, a 183.4% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -66.4%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -33.9%).

Aspen Aerogels Inc is a leading manufacturer of high-performance aerogel-based insulation and thermal management materials. It serves core sectors including renewable energy, oil and gas infrastructure, aerospace, commercial construction and industrial manufacturing, with key markets across North America, Europe and Asia-Pacific. Its products are prized for superior thermal resistance, fire safety and lightweight performance for harsh operating conditions.

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.

ASPN vs CMCL — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.1× larger
CMCL
$46.9M
$41.3M
ASPN
Growing faster (revenue YoY)
CMCL
CMCL
+80.2% gap
CMCL
13.8%
-66.4%
ASPN
Higher net margin
CMCL
CMCL
183.4% more per $
CMCL
7.0%
-176.4%
ASPN
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-33.9%
ASPN

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ASPN
ASPN
CMCL
CMCL
Revenue
$41.3M
$46.9M
Net Profit
$-72.9M
$3.3M
Gross Margin
-55.5%
41.2%
Operating Margin
-170.3%
18.6%
Net Margin
-176.4%
7.0%
Revenue YoY
-66.4%
13.8%
Net Profit YoY
-741.7%
-33.3%
EPS (diluted)
$-0.87
$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
ASPN
ASPN
CMCL
CMCL
Q4 25
$41.3M
Q3 25
$73.0M
Q2 25
$78.0M
Q1 25
$78.7M
Q4 24
$123.1M
Q3 24
$117.3M
$46.9M
Q2 24
$117.8M
$50.1M
Q1 24
$94.5M
$38.5M
Net Profit
ASPN
ASPN
CMCL
CMCL
Q4 25
$-72.9M
Q3 25
$-6.3M
Q2 25
$-9.1M
Q1 25
$-301.2M
Q4 24
$11.4M
Q3 24
$-13.0M
$3.3M
Q2 24
$16.8M
$10.2M
Q1 24
$-1.8M
$2.1M
Gross Margin
ASPN
ASPN
CMCL
CMCL
Q4 25
-55.5%
Q3 25
28.5%
Q2 25
32.4%
Q1 25
29.0%
Q4 24
38.3%
Q3 24
41.8%
41.2%
Q2 24
43.8%
45.8%
Q1 24
37.2%
35.9%
Operating Margin
ASPN
ASPN
CMCL
CMCL
Q4 25
-170.3%
Q3 25
-4.6%
Q2 25
-6.6%
Q1 25
-380.2%
Q4 24
12.0%
Q3 24
14.8%
18.6%
Q2 24
17.0%
32.2%
Q1 24
2.6%
13.8%
Net Margin
ASPN
ASPN
CMCL
CMCL
Q4 25
-176.4%
Q3 25
-8.7%
Q2 25
-11.6%
Q1 25
-382.7%
Q4 24
9.2%
Q3 24
-11.1%
7.0%
Q2 24
14.3%
20.3%
Q1 24
-1.9%
5.4%
EPS (diluted)
ASPN
ASPN
CMCL
CMCL
Q4 25
$-0.87
Q3 25
$-0.08
Q2 25
$-0.11
Q1 25
$-3.67
Q4 24
$0.15
Q3 24
$-0.17
$0.13
Q2 24
$0.21
$0.42
Q1 24
$-0.02
$0.07

Balance Sheet & Financial Strength

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

Metric
ASPN
ASPN
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$156.9M
$7.2M
Total DebtLower is stronger
$65.5M
Stockholders' EquityBook value
$235.5M
$231.0M
Total Assets
$406.7M
$339.7M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPN
ASPN
CMCL
CMCL
Q4 25
$156.9M
Q3 25
$150.7M
Q2 25
$167.6M
Q1 25
$192.0M
Q4 24
$220.9M
Q3 24
$113.5M
$7.2M
Q2 24
$91.4M
$15.4M
Q1 24
$101.5M
$1.8M
Total Debt
ASPN
ASPN
CMCL
CMCL
Q4 25
$65.5M
Q3 25
$70.1M
Q2 25
$77.3M
Q1 25
$95.4M
Q4 24
$95.0M
Q3 24
$93.7M
Q2 24
Q1 24
Stockholders' Equity
ASPN
ASPN
CMCL
CMCL
Q4 25
$235.5M
Q3 25
$305.7M
Q2 25
$308.8M
Q1 25
$314.8M
Q4 24
$614.7M
Q3 24
$507.6M
$231.0M
Q2 24
$517.8M
$231.1M
Q1 24
$491.2M
$220.3M
Total Assets
ASPN
ASPN
CMCL
CMCL
Q4 25
$406.7M
Q3 25
$491.4M
Q2 25
$525.1M
Q1 25
$555.0M
Q4 24
$895.1M
Q3 24
$782.6M
$339.7M
Q2 24
$748.6M
$338.5M
Q1 24
$698.0M
$321.8M
Debt / Equity
ASPN
ASPN
CMCL
CMCL
Q4 25
0.28×
Q3 25
0.23×
Q2 25
0.25×
Q1 25
0.30×
Q4 24
0.15×
Q3 24
0.18×
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
ASPN
ASPN
CMCL
CMCL
Operating Cash FlowLast quarter
$16.1M
$4.6M
Free Cash FlowOCF − Capex
$13.7M
FCF MarginFCF / Revenue
33.1%
Capex IntensityCapex / Revenue
6.0%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-4.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPN
ASPN
CMCL
CMCL
Q4 25
$16.1M
Q3 25
$15.0M
Q2 25
$-3.9M
Q1 25
$5.6M
Q4 24
$35.7M
Q3 24
$20.8M
$4.6M
Q2 24
$6.8M
$19.1M
Q1 24
$-17.7M
Free Cash Flow
ASPN
ASPN
CMCL
CMCL
Q4 25
$13.7M
Q3 25
$5.9M
Q2 25
$-16.8M
Q1 25
$-7.4M
Q4 24
$20.9M
Q3 24
$-50.0K
Q2 24
$-18.0M
Q1 24
$-43.6M
FCF Margin
ASPN
ASPN
CMCL
CMCL
Q4 25
33.1%
Q3 25
8.1%
Q2 25
-21.6%
Q1 25
-9.4%
Q4 24
17.0%
Q3 24
-0.0%
Q2 24
-15.3%
Q1 24
-46.1%
Capex Intensity
ASPN
ASPN
CMCL
CMCL
Q4 25
6.0%
Q3 25
12.5%
Q2 25
16.5%
Q1 25
16.5%
Q4 24
12.0%
Q3 24
17.7%
Q2 24
21.1%
Q1 24
27.4%
Cash Conversion
ASPN
ASPN
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.14×
Q3 24
1.40×
Q2 24
0.41×
1.87×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASPN
ASPN

Energy Industrial$14.5M35%
Other$13.9M34%
Thermal Barrier$12.9M31%

CMCL
CMCL

Segment breakdown not available.

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