vs
Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $46.9M, roughly 1.8× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -3.2%, a 10.2% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
CMCL vs IQST — Head-to-Head
Income Statement — Q3 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.9M | $84.2M |
| Net Profit | $3.3M | $-2.7M |
| Gross Margin | 41.2% | 3.5% |
| Operating Margin | 18.6% | -2.9% |
| Net Margin | 7.0% | -3.2% |
| Revenue YoY | 13.8% | -14.9% |
| Net Profit YoY | -33.3% | -44.5% |
| EPS (diluted) | $0.13 | $-0.92 |
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.
| Q4 25 | — | $84.2M | ||
| Q3 25 | — | $102.9M | ||
| Q2 25 | — | $72.2M | ||
| Q1 25 | — | $57.6M | ||
| Q4 24 | — | $98.9M | ||
| Q3 24 | $46.9M | $54.2M | ||
| Q2 24 | $50.1M | $78.6M | ||
| Q1 24 | $38.5M | $51.4M |
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-2.3M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-1.1M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | $3.3M | $-773.0K | ||
| Q2 24 | $10.2M | $-2.0M | ||
| Q1 24 | $2.1M | $-580.2K |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 41.2% | 3.7% | ||
| Q2 24 | 45.8% | 2.8% | ||
| Q1 24 | 35.9% | 2.7% |
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | 18.6% | -0.1% | ||
| Q2 24 | 32.2% | -0.4% | ||
| Q1 24 | 13.8% | -0.4% |
| Q4 25 | — | -3.2% | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | -3.3% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | -1.9% | ||
| Q3 24 | 7.0% | -1.4% | ||
| Q2 24 | 20.3% | -2.5% | ||
| Q1 24 | 5.4% | -1.1% |
| Q4 25 | — | $-0.92 | ||
| Q3 25 | — | $-0.68 | ||
| Q2 25 | — | $-0.82 | ||
| Q1 25 | — | $-0.44 | ||
| Q4 24 | — | $-1.19 | ||
| Q3 24 | $0.13 | $-0.40 | ||
| Q2 24 | $0.42 | $-0.90 | ||
| Q1 24 | $0.07 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.2M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $231.0M | $16.3M |
| Total Assets | $339.7M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.2M | ||
| Q3 25 | — | $2.3M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | $7.2M | $2.1M | ||
| Q2 24 | $15.4M | $797.2K | ||
| Q1 24 | $1.8M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $17.9M | ||
| Q2 25 | — | $14.3M | ||
| Q1 25 | — | $11.6M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | $231.0M | $8.1M | ||
| Q2 24 | $231.1M | $7.6M | ||
| Q1 24 | $220.3M | $8.4M |
| Q4 25 | — | $51.1M | ||
| Q3 25 | — | $46.9M | ||
| Q2 25 | — | $51.4M | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $79.0M | ||
| Q3 24 | $339.7M | $32.4M | ||
| Q2 24 | $338.5M | $30.0M | ||
| Q1 24 | $321.8M | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.6M | $-1.2M |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 1.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.2M | ||
| Q3 25 | — | $-953.0K | ||
| Q2 25 | — | $257.7K | ||
| Q1 25 | — | $-1.9M | ||
| Q4 24 | — | $-403.7K | ||
| Q3 24 | $4.6M | $625.0K | ||
| Q2 24 | $19.1M | $-2.6M | ||
| Q1 24 | — | $-536.9K |
| Q4 25 | — | $-1.2M | ||
| Q3 25 | — | $-969.2K | ||
| Q2 25 | — | $211.7K | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | — | $-421.3K | ||
| Q3 24 | — | $594.5K | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-608.5K |
| Q4 25 | — | -1.5% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMCL
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
