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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $46.9M, roughly 1.9× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -316.0%, a 323.1% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 13.8%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 17.1%).

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.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

CMCL vs HUT — Head-to-Head

Bigger by revenue
HUT
HUT
1.9× larger
HUT
$88.5M
$46.9M
CMCL
Growing faster (revenue YoY)
HUT
HUT
+165.4% gap
HUT
179.2%
13.8%
CMCL
Higher net margin
CMCL
CMCL
323.1% more per $
CMCL
7.0%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
17.1%
CMCL

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
HUT
HUT
Revenue
$46.9M
$88.5M
Net Profit
$3.3M
$-279.7M
Gross Margin
41.2%
60.4%
Operating Margin
18.6%
-491.4%
Net Margin
7.0%
-316.0%
Revenue YoY
13.8%
179.2%
Net Profit YoY
-33.3%
-283.7%
EPS (diluted)
$0.13
$-2.45

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
HUT
HUT
Q4 25
$88.5M
Q3 25
$83.5M
Q2 25
$41.3M
Q1 25
$21.8M
Q4 24
$31.7M
Q3 24
$46.9M
$43.7M
Q2 24
$50.1M
$35.2M
Q1 24
$38.5M
$51.7M
Net Profit
CMCL
CMCL
HUT
HUT
Q4 25
$-279.7M
Q3 25
$50.1M
Q2 25
$137.3M
Q1 25
$-133.9M
Q4 24
$152.2M
Q3 24
$3.3M
$647.0K
Q2 24
$10.2M
$-71.9M
Q1 24
$2.1M
$250.9M
Gross Margin
CMCL
CMCL
HUT
HUT
Q4 25
60.4%
Q3 25
61.3%
Q2 25
47.3%
Q1 25
14.5%
Q4 24
35.9%
Q3 24
41.2%
59.9%
Q2 24
45.8%
41.4%
Q1 24
35.9%
45.6%
Operating Margin
CMCL
CMCL
HUT
HUT
Q4 25
-491.4%
Q3 25
87.0%
Q2 25
Q1 25
-676.8%
Q4 24
Q3 24
18.6%
-3.6%
Q2 24
32.2%
-246.2%
Q1 24
13.8%
Net Margin
CMCL
CMCL
HUT
HUT
Q4 25
-316.0%
Q3 25
60.0%
Q2 25
332.5%
Q1 25
-613.7%
Q4 24
480.3%
Q3 24
7.0%
1.5%
Q2 24
20.3%
-204.1%
Q1 24
5.4%
484.9%
EPS (diluted)
CMCL
CMCL
HUT
HUT
Q4 25
$-2.45
Q3 25
$0.43
Q2 25
$1.18
Q1 25
$-1.30
Q4 24
$1.41
Q3 24
$0.13
$0.01
Q2 24
$0.42
$-0.78
Q1 24
$0.07
$2.76

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$7.2M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$1.4B
Total Assets
$339.7M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
HUT
HUT
Q4 25
$44.9M
Q3 25
$33.5M
Q2 25
$216.3M
Q1 25
$108.4M
Q4 24
$85.0M
Q3 24
$7.2M
Q2 24
$15.4M
Q1 24
$1.8M
$11.5M
Total Debt
CMCL
CMCL
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
CMCL
CMCL
HUT
HUT
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$960.0M
Q4 24
$976.7M
Q3 24
$231.0M
$703.9M
Q2 24
$231.1M
$660.1M
Q1 24
$220.3M
$732.0M
Total Assets
CMCL
CMCL
HUT
HUT
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.0B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$339.7M
$1.1B
Q2 24
$338.5M
$1.1B
Q1 24
$321.8M
$999.0M
Debt / Equity
CMCL
CMCL
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

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
HUT
HUT
Operating Cash FlowLast quarter
$4.6M
$-139.2M
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
HUT
HUT
Q4 25
$-139.2M
Q3 25
$770.0K
Q2 25
$-48.8M
Q1 25
$-33.8M
Q4 24
$-68.5M
Q3 24
$4.6M
$-4.2M
Q2 24
$19.1M
$-16.4M
Q1 24
$-26.3M
Cash Conversion
CMCL
CMCL
HUT
HUT
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
1.40×
-6.49×
Q2 24
1.87×
Q1 24
-0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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