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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and VAALCO ENERGY INC (EGY). Click either name above to swap in a different company.

VAALCO ENERGY INC is the larger business by last-quarter revenue ($91.0M vs $46.9M, roughly 1.9× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -64.4%, a 71.4% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -25.2%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -4.7%).

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.

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.

CMCL vs EGY — Head-to-Head

Bigger by revenue
EGY
EGY
1.9× larger
EGY
$91.0M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+39.0% gap
CMCL
13.8%
-25.2%
EGY
Higher net margin
CMCL
CMCL
71.4% more per $
CMCL
7.0%
-64.4%
EGY
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-4.7%
EGY

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
EGY
EGY
Revenue
$46.9M
$91.0M
Net Profit
$3.3M
$-58.6M
Gross Margin
41.2%
Operating Margin
18.6%
-71.3%
Net Margin
7.0%
-64.4%
Revenue YoY
13.8%
-25.2%
Net Profit YoY
-33.3%
-602.5%
EPS (diluted)
$0.13
$-0.56

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
EGY
EGY
Q4 25
$91.0M
Q3 25
$61.0M
Q2 25
$96.9M
Q1 25
$110.3M
Q4 24
$121.7M
Q3 24
$46.9M
$140.3M
Q2 24
$50.1M
$116.8M
Q1 24
$38.5M
$100.2M
Net Profit
CMCL
CMCL
EGY
EGY
Q4 25
$-58.6M
Q3 25
$1.1M
Q2 25
$8.4M
Q1 25
$7.7M
Q4 24
$11.7M
Q3 24
$3.3M
$11.0M
Q2 24
$10.2M
$28.2M
Q1 24
$2.1M
$7.7M
Gross Margin
CMCL
CMCL
EGY
EGY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
41.2%
Q2 24
45.8%
Q1 24
35.9%
Operating Margin
CMCL
CMCL
EGY
EGY
Q4 25
-71.3%
Q3 25
1.5%
Q2 25
17.7%
Q1 25
23.7%
Q4 24
32.7%
Q3 24
18.6%
31.4%
Q2 24
32.2%
17.5%
Q1 24
13.8%
32.1%
Net Margin
CMCL
CMCL
EGY
EGY
Q4 25
-64.4%
Q3 25
1.8%
Q2 25
8.6%
Q1 25
7.0%
Q4 24
9.6%
Q3 24
7.0%
7.8%
Q2 24
20.3%
24.1%
Q1 24
5.4%
7.7%
EPS (diluted)
CMCL
CMCL
EGY
EGY
Q4 25
$-0.56
Q3 25
$0.01
Q2 25
$0.08
Q1 25
$0.07
Q4 24
$0.12
Q3 24
$0.13
$0.10
Q2 24
$0.42
$0.27
Q1 24
$0.07
$0.07

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
EGY
EGY
Cash + ST InvestmentsLiquidity on hand
$7.2M
$58.9M
Total DebtLower is stronger
$60.0M
Stockholders' EquityBook value
$231.0M
$443.5M
Total Assets
$339.7M
$913.4M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
EGY
EGY
Q4 25
$58.9M
Q3 25
$24.0M
Q2 25
$67.9M
Q1 25
$40.9M
Q4 24
$82.7M
Q3 24
$7.2M
$89.1M
Q2 24
$15.4M
$62.9M
Q1 24
$1.8M
$113.3M
Total Debt
CMCL
CMCL
EGY
EGY
Q4 25
$60.0M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
CMCL
CMCL
EGY
EGY
Q4 25
$443.5M
Q3 25
$505.9M
Q2 25
$511.6M
Q1 25
$504.1M
Q4 24
$501.6M
Q3 24
$231.0M
$501.0M
Q2 24
$231.1M
$493.6M
Q1 24
$220.3M
$472.6M
Total Assets
CMCL
CMCL
EGY
EGY
Q4 25
$913.4M
Q3 25
$950.4M
Q2 25
$964.9M
Q1 25
$927.1M
Q4 24
$955.0M
Q3 24
$339.7M
$937.9M
Q2 24
$338.5M
$917.4M
Q1 24
$321.8M
$809.1M
Debt / Equity
CMCL
CMCL
EGY
EGY
Q4 25
0.14×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
EGY
EGY
Operating Cash FlowLast quarter
$4.6M
$145.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
EGY
EGY
Q4 25
$145.2M
Q3 25
$16.4M
Q2 25
$18.3M
Q1 25
$32.7M
Q4 24
$44.5M
Q3 24
$4.6M
$47.8M
Q2 24
$19.1M
$-438.0K
Q1 24
$21.8M
Free Cash Flow
CMCL
CMCL
EGY
EGY
Q4 25
Q3 25
Q2 25
Q1 25
$29.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CMCL
CMCL
EGY
EGY
Q4 25
Q3 25
Q2 25
Q1 25
26.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CMCL
CMCL
EGY
EGY
Q4 25
Q3 25
Q2 25
Q1 25
2.7%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CMCL
CMCL
EGY
EGY
Q4 25
Q3 25
14.94×
Q2 25
2.19×
Q1 25
4.23×
Q4 24
3.82×
Q3 24
1.40×
4.35×
Q2 24
1.87×
-0.02×
Q1 24
2.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

EGY
EGY

Crude Oil Sales And Purchase Agreements$54.8M60%
Other$31.9M35%
Crude Oil$3.0M3%
Natural Gas Liquids Reserves$1.4M2%

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