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Side-by-side financial comparison of BigBear.ai Holdings, Inc. (BBAI) 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 $27.3M, roughly 1.7× BigBear.ai Holdings, Inc.). On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -37.7%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -9.2%).

BigBear.ai Holdings, Inc. develops and delivers artificial intelligence-powered decision support and analytics solutions. Its core offerings cover predictive analytics, supply chain optimization, and operational intelligence platforms, serving key segments including national defense, intelligence agencies, and commercial enterprise clients primarily across North America, helping customers improve operational efficiency and mitigate risks.

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.

BBAI vs CMCL — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.7× larger
CMCL
$46.9M
$27.3M
BBAI
Growing faster (revenue YoY)
CMCL
CMCL
+51.5% gap
CMCL
13.8%
-37.7%
BBAI
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-9.2%
BBAI

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
BBAI
BBAI
CMCL
CMCL
Revenue
$27.3M
$46.9M
Net Profit
$3.3M
Gross Margin
20.3%
41.2%
Operating Margin
-295.0%
18.6%
Net Margin
7.0%
Revenue YoY
-37.7%
13.8%
Net Profit YoY
-33.3%
EPS (diluted)
$0.17
$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
BBAI
BBAI
CMCL
CMCL
Q4 25
$27.3M
Q3 25
$33.1M
Q2 25
$32.5M
Q1 25
$34.8M
Q4 24
$43.8M
Q3 24
$41.5M
$46.9M
Q2 24
$39.8M
$50.1M
Q1 24
$33.1M
$38.5M
Net Profit
BBAI
BBAI
CMCL
CMCL
Q4 25
Q3 25
$2.5M
Q2 25
$-228.6M
Q1 25
$-62.0M
Q4 24
Q3 24
$-15.1M
$3.3M
Q2 24
$-14.4M
$10.2M
Q1 24
$-127.8M
$2.1M
Gross Margin
BBAI
BBAI
CMCL
CMCL
Q4 25
20.3%
Q3 25
22.4%
Q2 25
25.0%
Q1 25
21.3%
Q4 24
37.4%
Q3 24
25.9%
41.2%
Q2 24
27.8%
45.8%
Q1 24
21.1%
35.9%
Operating Margin
BBAI
BBAI
CMCL
CMCL
Q4 25
-295.0%
Q3 25
-66.0%
Q2 25
-278.1%
Q1 25
-61.0%
Q4 24
-18.6%
Q3 24
-25.4%
18.6%
Q2 24
-41.9%
32.2%
Q1 24
-296.1%
13.8%
Net Margin
BBAI
BBAI
CMCL
CMCL
Q4 25
Q3 25
7.6%
Q2 25
-704.0%
Q1 25
-178.3%
Q4 24
Q3 24
-36.5%
7.0%
Q2 24
-36.3%
20.3%
Q1 24
-385.8%
5.4%
EPS (diluted)
BBAI
BBAI
CMCL
CMCL
Q4 25
$0.17
Q3 25
$-0.03
Q2 25
$-0.71
Q1 25
$-0.25
Q4 24
$-0.47
Q3 24
$-0.06
$0.13
Q2 24
$-0.06
$0.42
Q1 24
$-0.68
$0.07

Balance Sheet & Financial Strength

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

Metric
BBAI
BBAI
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$87.1M
$7.2M
Total DebtLower is stronger
$107.0M
Stockholders' EquityBook value
$611.9M
$231.0M
Total Assets
$894.5M
$339.7M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBAI
BBAI
CMCL
CMCL
Q4 25
$87.1M
Q3 25
$456.6M
Q2 25
$390.8M
Q1 25
$107.6M
Q4 24
$50.1M
Q3 24
$65.6M
$7.2M
Q2 24
$72.3M
$15.4M
Q1 24
$81.4M
$1.8M
Total Debt
BBAI
BBAI
CMCL
CMCL
Q4 25
$107.0M
Q3 25
$104.9M
Q2 25
$103.0M
Q1 25
$101.4M
Q4 24
$136.2M
Q3 24
$195.7M
Q2 24
$195.7M
Q1 24
$195.6M
Stockholders' Equity
BBAI
BBAI
CMCL
CMCL
Q4 25
$611.9M
Q3 25
$610.0M
Q2 25
$266.6M
Q1 25
$197.8M
Q4 24
$-3.7M
Q3 24
$127.5M
$231.0M
Q2 24
$134.7M
$231.1M
Q1 24
$143.2M
$220.3M
Total Assets
BBAI
BBAI
CMCL
CMCL
Q4 25
$894.5M
Q3 25
$919.8M
Q2 25
$599.4M
Q1 25
$396.3M
Q4 24
$343.8M
Q3 24
$354.1M
$339.7M
Q2 24
$360.9M
$338.5M
Q1 24
$377.6M
$321.8M
Debt / Equity
BBAI
BBAI
CMCL
CMCL
Q4 25
0.17×
Q3 25
0.17×
Q2 25
0.39×
Q1 25
0.51×
Q4 24
Q3 24
1.54×
Q2 24
1.45×
Q1 24
1.37×

Cash Flow & Capital Efficiency

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

Metric
BBAI
BBAI
CMCL
CMCL
Operating Cash FlowLast quarter
$-21.8M
$4.6M
Free Cash FlowOCF − Capex
$-22.1M
FCF MarginFCF / Revenue
-80.9%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBAI
BBAI
CMCL
CMCL
Q4 25
$-21.8M
Q3 25
$-9.6M
Q2 25
$-3.9M
Q1 25
$-6.7M
Q4 24
$-14.8M
Q3 24
$-1.9M
$4.6M
Q2 24
$-7.1M
$19.1M
Q1 24
$-14.4M
Free Cash Flow
BBAI
BBAI
CMCL
CMCL
Q4 25
$-22.1M
Q3 25
$-9.8M
Q2 25
$-3.9M
Q1 25
$-6.7M
Q4 24
$-15.0M
Q3 24
$-2.0M
Q2 24
$-7.2M
Q1 24
$-14.4M
FCF Margin
BBAI
BBAI
CMCL
CMCL
Q4 25
-80.9%
Q3 25
-29.5%
Q2 25
-11.9%
Q1 25
-19.4%
Q4 24
-34.2%
Q3 24
-4.9%
Q2 24
-18.1%
Q1 24
-43.5%
Capex Intensity
BBAI
BBAI
CMCL
CMCL
Q4 25
0.9%
Q3 25
0.6%
Q2 25
0.0%
Q1 25
0.2%
Q4 24
0.4%
Q3 24
0.3%
Q2 24
0.3%
Q1 24
0.1%
Cash Conversion
BBAI
BBAI
CMCL
CMCL
Q4 25
Q3 25
-3.80×
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.

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