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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and GRAHAM CORP (GHM). Click either name above to swap in a different company.

GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $46.9M, roughly 1.2× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs 5.0%, a 2.0% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 13.8%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 7.5%).

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.

Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.

CMCL vs GHM — Head-to-Head

Bigger by revenue
GHM
GHM
1.2× larger
GHM
$56.7M
$46.9M
CMCL
Growing faster (revenue YoY)
GHM
GHM
+6.8% gap
GHM
20.5%
13.8%
CMCL
Higher net margin
CMCL
CMCL
2.0% more per $
CMCL
7.0%
5.0%
GHM
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
7.5%
GHM

Income Statement — Q3 FY2024 vs Q3 FY2026

Metric
CMCL
CMCL
GHM
GHM
Revenue
$46.9M
$56.7M
Net Profit
$3.3M
$2.8M
Gross Margin
41.2%
23.8%
Operating Margin
18.6%
5.5%
Net Margin
7.0%
5.0%
Revenue YoY
13.8%
20.5%
Net Profit YoY
-33.3%
79.2%
EPS (diluted)
$0.13
$0.25

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
GHM
GHM
Q4 25
$56.7M
Q3 25
$66.0M
Q2 25
$55.5M
Q1 25
$59.3M
Q4 24
$47.0M
Q3 24
$46.9M
$53.6M
Q2 24
$50.1M
$50.0M
Q1 24
$38.5M
$49.1M
Net Profit
CMCL
CMCL
GHM
GHM
Q4 25
$2.8M
Q3 25
$3.1M
Q2 25
$4.6M
Q1 25
$4.4M
Q4 24
$1.6M
Q3 24
$3.3M
$3.3M
Q2 24
$10.2M
$3.0M
Q1 24
$2.1M
$1.3M
Gross Margin
CMCL
CMCL
GHM
GHM
Q4 25
23.8%
Q3 25
21.7%
Q2 25
26.5%
Q1 25
27.0%
Q4 24
24.8%
Q3 24
41.2%
23.9%
Q2 24
45.8%
24.8%
Q1 24
35.9%
25.9%
Operating Margin
CMCL
CMCL
GHM
GHM
Q4 25
5.5%
Q3 25
6.5%
Q2 25
8.9%
Q1 25
9.3%
Q4 24
4.7%
Q3 24
18.6%
7.9%
Q2 24
32.2%
6.5%
Q1 24
13.8%
3.1%
Net Margin
CMCL
CMCL
GHM
GHM
Q4 25
5.0%
Q3 25
4.7%
Q2 25
8.3%
Q1 25
7.4%
Q4 24
3.4%
Q3 24
7.0%
6.1%
Q2 24
20.3%
5.9%
Q1 24
5.4%
2.7%
EPS (diluted)
CMCL
CMCL
GHM
GHM
Q4 25
$0.25
Q3 25
$0.28
Q2 25
$0.42
Q1 25
$0.40
Q4 24
$0.14
Q3 24
$0.13
$0.30
Q2 24
$0.42
$0.27
Q1 24
$0.07
$0.11

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
GHM
GHM
Cash + ST InvestmentsLiquidity on hand
$7.2M
$22.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$131.3M
Total Assets
$339.7M
$292.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
GHM
GHM
Q4 25
$22.3M
Q3 25
$20.6M
Q2 25
$10.8M
Q1 25
$21.6M
Q4 24
$30.0M
Q3 24
$7.2M
$32.3M
Q2 24
$15.4M
$21.6M
Q1 24
$1.8M
$16.9M
Stockholders' Equity
CMCL
CMCL
GHM
GHM
Q4 25
$131.3M
Q3 25
$127.6M
Q2 25
$123.4M
Q1 25
$119.6M
Q4 24
$114.4M
Q3 24
$231.0M
$112.5M
Q2 24
$231.1M
$108.2M
Q1 24
$220.3M
$105.6M
Total Assets
CMCL
CMCL
GHM
GHM
Q4 25
$292.9M
Q3 25
$287.0M
Q2 25
$252.3M
Q1 25
$264.1M
Q4 24
$264.3M
Q3 24
$339.7M
$249.5M
Q2 24
$338.5M
$244.2M
Q1 24
$321.8M
$233.9M

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
GHM
GHM
Operating Cash FlowLast quarter
$4.6M
$4.8M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.40×
1.67×
TTM Free Cash FlowTrailing 4 quarters
$-6.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
GHM
GHM
Q4 25
$4.8M
Q3 25
$13.6M
Q2 25
$-2.3M
Q1 25
$-3.6M
Q4 24
$5.2M
Q3 24
$4.6M
$13.9M
Q2 24
$19.1M
$8.7M
Q1 24
$8.6M
Free Cash Flow
CMCL
CMCL
GHM
GHM
Q4 25
$2.4M
Q3 25
$9.4M
Q2 25
$-9.3M
Q1 25
$-8.7M
Q4 24
$-2.1M
Q3 24
$10.4M
Q2 24
$5.7M
Q1 24
$4.6M
FCF Margin
CMCL
CMCL
GHM
GHM
Q4 25
4.3%
Q3 25
14.3%
Q2 25
-16.7%
Q1 25
-14.7%
Q4 24
-4.5%
Q3 24
19.5%
Q2 24
11.5%
Q1 24
9.4%
Capex Intensity
CMCL
CMCL
GHM
GHM
Q4 25
4.1%
Q3 25
6.3%
Q2 25
12.6%
Q1 25
8.7%
Q4 24
15.6%
Q3 24
6.5%
Q2 24
6.0%
Q1 24
8.2%
Cash Conversion
CMCL
CMCL
GHM
GHM
Q4 25
1.67×
Q3 25
4.40×
Q2 25
-0.49×
Q1 25
-0.81×
Q4 24
3.29×
Q3 24
1.40×
4.25×
Q2 24
1.87×
2.94×
Q1 24
6.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

GHM
GHM

Defense$35.3M62%
Energy And Process$18.3M32%
Space$3.1M6%

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