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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and FS Bancorp, Inc. (FSBW). 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 $40.0M, roughly 1.2× FS Bancorp, Inc.). On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 12.0%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 6.2%).

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.

FS Bancorp, Inc. is a U.S.-headquartered bank holding company that serves as the parent of 1st Security Bank of Washington. It offers a full range of personal and commercial banking solutions including deposit products, mortgage loans, small business financing and construction loans, primarily catering to customers in the Pacific Northwest, with core segments covering retail banking, commercial banking and residential lending.

CMCL vs FSBW — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.2× larger
CMCL
$46.9M
$40.0M
FSBW
Growing faster (revenue YoY)
CMCL
CMCL
+1.8% gap
CMCL
13.8%
12.0%
FSBW
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
6.2%
FSBW

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
FSBW
FSBW
Revenue
$46.9M
$40.0M
Net Profit
$3.3M
Gross Margin
41.2%
Operating Margin
18.6%
25.8%
Net Margin
7.0%
Revenue YoY
13.8%
12.0%
Net Profit YoY
-33.3%
EPS (diluted)
$0.13
$1.11

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
FSBW
FSBW
Q4 25
$40.0M
Q3 25
$39.3M
Q2 25
$37.3M
Q1 25
$36.1M
Q4 24
$35.7M
Q3 24
$46.9M
$37.2M
Q2 24
$50.1M
$36.3M
Q1 24
$38.5M
$35.5M
Net Profit
CMCL
CMCL
FSBW
FSBW
Q4 25
Q3 25
$9.2M
Q2 25
$7.7M
Q1 25
$8.0M
Q4 24
Q3 24
$3.3M
$10.3M
Q2 24
$10.2M
$9.0M
Q1 24
$2.1M
$8.4M
Gross Margin
CMCL
CMCL
FSBW
FSBW
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
FSBW
FSBW
Q4 25
25.8%
Q3 25
29.5%
Q2 25
26.2%
Q1 25
26.2%
Q4 24
27.6%
Q3 24
18.6%
26.5%
Q2 24
32.2%
31.3%
Q1 24
13.8%
29.7%
Net Margin
CMCL
CMCL
FSBW
FSBW
Q4 25
Q3 25
23.4%
Q2 25
20.7%
Q1 25
22.2%
Q4 24
Q3 24
7.0%
27.6%
Q2 24
20.3%
24.7%
Q1 24
5.4%
23.7%
EPS (diluted)
CMCL
CMCL
FSBW
FSBW
Q4 25
$1.11
Q3 25
$1.18
Q2 25
$0.99
Q1 25
$1.01
Q4 24
$0.88
Q3 24
$0.13
$1.29
Q2 24
$0.42
$1.13
Q1 24
$0.07
$1.06

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$7.2M
$28.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$307.7M
Total Assets
$339.7M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
FSBW
FSBW
Q4 25
$28.2M
Q3 25
$61.3M
Q2 25
$33.2M
Q1 25
$62.7M
Q4 24
$31.6M
Q3 24
$7.2M
$40.3M
Q2 24
$15.4M
$33.0M
Q1 24
$1.8M
$45.4M
Stockholders' Equity
CMCL
CMCL
FSBW
FSBW
Q4 25
$307.7M
Q3 25
$300.5M
Q2 25
$297.2M
Q1 25
$298.8M
Q4 24
$295.8M
Q3 24
$231.0M
$288.9M
Q2 24
$231.1M
$284.0M
Q1 24
$220.3M
$277.9M
Total Assets
CMCL
CMCL
FSBW
FSBW
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$339.7M
$3.0B
Q2 24
$338.5M
$2.9B
Q1 24
$321.8M
$3.0B

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
FSBW
FSBW
Operating Cash FlowLast quarter
$4.6M
$72.3M
Free Cash FlowOCF − Capex
$51.9M
FCF MarginFCF / Revenue
129.8%
Capex IntensityCapex / Revenue
50.9%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
FSBW
FSBW
Q4 25
$72.3M
Q3 25
$44.6M
Q2 25
$7.1M
Q1 25
$8.2M
Q4 24
$50.8M
Q3 24
$4.6M
$-891.0K
Q2 24
$19.1M
$9.9M
Q1 24
$275.0K
Free Cash Flow
CMCL
CMCL
FSBW
FSBW
Q4 25
$51.9M
Q3 25
$41.6M
Q2 25
$5.9M
Q1 25
$7.8M
Q4 24
$49.2M
Q3 24
$-1.5M
Q2 24
$9.6M
Q1 24
$-82.0K
FCF Margin
CMCL
CMCL
FSBW
FSBW
Q4 25
129.8%
Q3 25
105.9%
Q2 25
15.7%
Q1 25
21.7%
Q4 24
137.7%
Q3 24
-4.1%
Q2 24
26.6%
Q1 24
-0.2%
Capex Intensity
CMCL
CMCL
FSBW
FSBW
Q4 25
50.9%
Q3 25
7.7%
Q2 25
3.5%
Q1 25
1.0%
Q4 24
4.6%
Q3 24
1.7%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
CMCL
CMCL
FSBW
FSBW
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
1.02×
Q4 24
Q3 24
1.40×
-0.09×
Q2 24
1.87×
1.11×
Q1 24
0.03×

Financial Flow Comparison

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

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