vs
Side-by-side financial comparison of Blaize Holdings, Inc. (BZAI) 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 $23.8M, roughly 2.0× Blaize Holdings, Inc.). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -13.9%, a 20.9% gap on every dollar of revenue. On growth, Blaize Holdings, Inc. posted the faster year-over-year revenue change (2377500.0% vs 13.8%).
Blaize Holdings, Inc. is a technology company specializing in edge artificial intelligence computing solutions. It designs energy-efficient AI processors, low-latency inference software stacks, and end-to-end edge AI development tools, serving key segments including autonomous driving, industrial automation, smart cities, and edge healthcare monitoring.
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.
BZAI vs CMCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2024
| Metric | | |
|---|---|---|
| Revenue | $23.8M | $46.9M |
| Net Profit | $-3.3M | $3.3M |
| Gross Margin | 10.8% | 41.2% |
| Operating Margin | -89.8% | 18.6% |
| Net Margin | -13.9% | 7.0% |
| Revenue YoY | 2377500.0% | 13.8% |
| Net Profit YoY | 50.7% | -33.3% |
| EPS (diluted) | $0.16 | $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.
| Q4 25 | $23.8M | — | ||
| Q3 25 | $11.9M | — | ||
| Q3 24 | — | $46.9M | ||
| Q2 24 | — | $50.1M | ||
| Q1 24 | — | $38.5M | ||
| Q4 23 | — | $38.7M | ||
| Q3 23 | — | $41.2M | ||
| Q2 23 | — | $37.0M |
| Q4 25 | $-3.3M | — | ||
| Q3 25 | $-26.3M | — | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | — | $10.2M | ||
| Q1 24 | — | $2.1M | ||
| Q4 23 | — | $-2.6M | ||
| Q3 23 | — | $4.9M | ||
| Q2 23 | — | $-2.5M |
| Q4 25 | 10.8% | — | ||
| Q3 25 | 15.0% | — | ||
| Q3 24 | — | 41.2% | ||
| Q2 24 | — | 45.8% | ||
| Q1 24 | — | 35.9% | ||
| Q4 23 | — | 27.3% | ||
| Q3 23 | — | 34.3% | ||
| Q2 23 | — | 29.5% |
| Q4 25 | -89.8% | — | ||
| Q3 25 | -190.3% | — | ||
| Q3 24 | — | 18.6% | ||
| Q2 24 | — | 32.2% | ||
| Q1 24 | — | 13.8% | ||
| Q4 23 | — | 6.0% | ||
| Q3 23 | — | 22.4% | ||
| Q2 23 | — | 2.5% |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -221.3% | — | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 20.3% | ||
| Q1 24 | — | 5.4% | ||
| Q4 23 | — | -6.7% | ||
| Q3 23 | — | 12.0% | ||
| Q2 23 | — | -6.8% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.25 | — | ||
| Q3 24 | — | $0.13 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | — | $0.07 | ||
| Q4 23 | — | $-0.19 | ||
| Q3 23 | — | $0.21 | ||
| Q2 23 | — | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $45.8M | $7.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $39.0M | $231.0M |
| Total Assets | $102.2M | $339.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.8M | — | ||
| Q3 25 | $24.0M | — | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $15.4M | ||
| Q1 24 | — | $1.8M | ||
| Q4 23 | — | $6.7M | ||
| Q3 23 | — | $10.8M | ||
| Q2 23 | — | $12.8M |
| Q4 25 | $39.0M | — | ||
| Q3 25 | $1.3M | — | ||
| Q3 24 | — | $231.0M | ||
| Q2 24 | — | $231.1M | ||
| Q1 24 | — | $220.3M | ||
| Q4 23 | — | $224.2M | ||
| Q3 23 | — | $226.6M | ||
| Q2 23 | — | $224.3M |
| Q4 25 | $102.2M | — | ||
| Q3 25 | $60.9M | — | ||
| Q3 24 | — | $339.7M | ||
| Q2 24 | — | $338.5M | ||
| Q1 24 | — | $321.8M | ||
| Q4 23 | — | $328.3M | ||
| Q3 23 | — | $320.3M | ||
| Q2 23 | — | $313.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $4.6M |
| Free Cash FlowOCF − Capex | $-16.5M | — |
| FCF MarginFCF / Revenue | -69.6% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $19.1M | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $14.5M | ||
| Q2 23 | — | $-2.2M |
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $-24.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | -69.6% | — | ||
| Q3 25 | -210.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | 2.94× | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
