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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and DAWSON GEOPHYSICAL CO (DWSN). 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 $26.9M, roughly 1.7× DAWSON GEOPHYSICAL CO). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs 2.1%, a 4.9% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 13.8%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 5.4%).

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.

Dawson Geophysical Co is a North American geophysical services provider specializing in seismic data acquisition, processing and analysis. It primarily serves the oil and gas exploration and production sector, supporting clients to assess subsurface energy reserves across major onshore resource basins in the U.S. and Canada.

CMCL vs DWSN — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.7× larger
CMCL
$46.9M
$26.9M
DWSN
Growing faster (revenue YoY)
DWSN
DWSN
+58.6% gap
DWSN
72.3%
13.8%
CMCL
Higher net margin
CMCL
CMCL
4.9% more per $
CMCL
7.0%
2.1%
DWSN
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
5.4%
DWSN

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
DWSN
DWSN
Revenue
$46.9M
$26.9M
Net Profit
$3.3M
$569.0K
Gross Margin
41.2%
19.7%
Operating Margin
18.6%
3.1%
Net Margin
7.0%
2.1%
Revenue YoY
13.8%
72.3%
Net Profit YoY
-33.3%
170.9%
EPS (diluted)
$0.13
$0.03

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
CMCL
CMCL
DWSN
DWSN
Q4 25
$26.9M
Q3 25
$22.7M
Q2 25
$9.9M
Q1 25
$16.1M
Q4 24
$15.6M
Q3 24
$46.9M
Q2 24
$50.1M
$12.5M
Q1 24
$38.5M
$31.6M
Net Profit
CMCL
CMCL
DWSN
DWSN
Q4 25
$569.0K
Q3 25
$-1.2M
Q2 25
$-2.3M
Q1 25
$992.0K
Q4 24
$-802.0K
Q3 24
$3.3M
Q2 24
$10.2M
$-3.5M
Q1 24
$2.1M
$5.8M
Gross Margin
CMCL
CMCL
DWSN
DWSN
Q4 25
19.7%
Q3 25
10.1%
Q2 25
11.5%
Q1 25
26.7%
Q4 24
19.9%
Q3 24
41.2%
Q2 24
45.8%
1.0%
Q1 24
35.9%
30.5%
Operating Margin
CMCL
CMCL
DWSN
DWSN
Q4 25
3.1%
Q3 25
-5.2%
Q2 25
-24.1%
Q1 25
6.4%
Q4 24
-5.3%
Q3 24
18.6%
Q2 24
32.2%
-30.1%
Q1 24
13.8%
18.4%
Net Margin
CMCL
CMCL
DWSN
DWSN
Q4 25
2.1%
Q3 25
-5.1%
Q2 25
-23.8%
Q1 25
6.2%
Q4 24
-5.1%
Q3 24
7.0%
Q2 24
20.3%
-28.3%
Q1 24
5.4%
18.5%
EPS (diluted)
CMCL
CMCL
DWSN
DWSN
Q4 25
$0.03
Q3 25
$-0.04
Q2 25
$-0.08
Q1 25
$0.03
Q4 24
$-0.02
Q3 24
$0.13
Q2 24
$0.42
$-0.12
Q1 24
$0.07
$0.19

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
DWSN
DWSN
Cash + ST InvestmentsLiquidity on hand
$7.2M
$5.3M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$231.0M
$15.8M
Total Assets
$339.7M
$56.0M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
DWSN
DWSN
Q4 25
$5.3M
Q3 25
$5.1M
Q2 25
$16.2M
Q1 25
$2.7M
Q4 24
$1.4M
Q3 24
$7.2M
Q2 24
$15.4M
$11.4M
Q1 24
$1.8M
$11.7M
Total Debt
CMCL
CMCL
DWSN
DWSN
Q4 25
$11.3M
Q3 25
$6.5M
Q2 25
$1.1M
Q1 25
$1.3M
Q4 24
$1.5M
Q3 24
Q2 24
$1.4M
Q1 24
$1.5M
Stockholders' Equity
CMCL
CMCL
DWSN
DWSN
Q4 25
$15.8M
Q3 25
$15.2M
Q2 25
$16.4M
Q1 25
$18.3M
Q4 24
$17.3M
Q3 24
$231.0M
Q2 24
$231.1M
$23.8M
Q1 24
$220.3M
$27.3M
Total Assets
CMCL
CMCL
DWSN
DWSN
Q4 25
$56.0M
Q3 25
$40.6M
Q2 25
$45.7M
Q1 25
$33.3M
Q4 24
$30.9M
Q3 24
$339.7M
Q2 24
$338.5M
$41.0M
Q1 24
$321.8M
$57.8M
Debt / Equity
CMCL
CMCL
DWSN
DWSN
Q4 25
0.72×
Q3 25
0.43×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.09×
Q3 24
Q2 24
0.06×
Q1 24
0.06×

Cash Flow & Capital Efficiency

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

Metric
CMCL
CMCL
DWSN
DWSN
Operating Cash FlowLast quarter
$4.6M
$2.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
3.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
DWSN
DWSN
Q4 25
$2.1M
Q3 25
$-4.7M
Q2 25
$14.9M
Q1 25
$1.8M
Q4 24
$-5.4M
Q3 24
$4.6M
Q2 24
$19.1M
$5.9M
Q1 24
$1.9M
Free Cash Flow
CMCL
CMCL
DWSN
DWSN
Q4 25
Q3 25
$-10.2M
Q2 25
Q1 25
Q4 24
$-5.7M
Q3 24
Q2 24
$5.1M
Q1 24
$1.2M
FCF Margin
CMCL
CMCL
DWSN
DWSN
Q4 25
Q3 25
-44.7%
Q2 25
Q1 25
Q4 24
-36.7%
Q3 24
Q2 24
40.9%
Q1 24
3.8%
Capex Intensity
CMCL
CMCL
DWSN
DWSN
Q4 25
Q3 25
23.9%
Q2 25
Q1 25
Q4 24
2.0%
Q3 24
Q2 24
6.4%
Q1 24
2.2%
Cash Conversion
CMCL
CMCL
DWSN
DWSN
Q4 25
3.67×
Q3 25
Q2 25
Q1 25
1.77×
Q4 24
Q3 24
1.40×
Q2 24
1.87×
Q1 24
0.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

DWSN
DWSN

Fee Revenue$22.9M85%
Other$4.0M15%

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