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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and KINGSWAY FINANCIAL SERVICES INC (KFS). 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 $38.6M, roughly 1.2× KINGSWAY FINANCIAL SERVICES INC). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -4.1%, a 11.1% gap on every dollar of revenue. On growth, KINGSWAY FINANCIAL SERVICES INC posted the faster year-over-year revenue change (30.1% vs 13.8%). Over the past eight quarters, KINGSWAY FINANCIAL SERVICES INC's revenue compounded faster (21.4% 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.

Kingsway Financial Services Inc. is a specialty financial holding firm that primarily offers property and casualty insurance products, including personal auto, commercial liability and property coverage. It operates mainly across North American markets, catering to individual consumers, small business owners and niche commercial client segments.

CMCL vs KFS — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.2× larger
CMCL
$46.9M
$38.6M
KFS
Growing faster (revenue YoY)
KFS
KFS
+16.3% gap
KFS
30.1%
13.8%
CMCL
Higher net margin
CMCL
CMCL
11.1% more per $
CMCL
7.0%
-4.1%
KFS
Faster 2-yr revenue CAGR
KFS
KFS
Annualised
KFS
21.4%
17.1%
CMCL

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
KFS
KFS
Revenue
$46.9M
$38.6M
Net Profit
$3.3M
$-1.6M
Gross Margin
41.2%
Operating Margin
18.6%
0.8%
Net Margin
7.0%
-4.1%
Revenue YoY
13.8%
30.1%
Net Profit YoY
-33.3%
-7.8%
EPS (diluted)
$0.13
$-0.07

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
KFS
KFS
Q4 25
$38.6M
Q3 25
$37.2M
Q2 25
$30.9M
Q1 25
$28.3M
Q4 24
$29.6M
Q3 24
$46.9M
$27.1M
Q2 24
$50.1M
$26.4M
Q1 24
$38.5M
$26.2M
Net Profit
CMCL
CMCL
KFS
KFS
Q4 25
$-1.6M
Q3 25
$-2.4M
Q2 25
$-3.2M
Q1 25
$-3.1M
Q4 24
$-1.5M
Q3 24
$3.3M
$-2.3M
Q2 24
$10.2M
$-2.2M
Q1 24
$2.1M
$-2.3M
Gross Margin
CMCL
CMCL
KFS
KFS
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
KFS
KFS
Q4 25
0.8%
Q3 25
-2.3%
Q2 25
-3.6%
Q1 25
-2.5%
Q4 24
6.5%
Q3 24
18.6%
-2.5%
Q2 24
32.2%
0.5%
Q1 24
13.8%
2.9%
Net Margin
CMCL
CMCL
KFS
KFS
Q4 25
-4.1%
Q3 25
-6.5%
Q2 25
-10.2%
Q1 25
-10.9%
Q4 24
-5.0%
Q3 24
7.0%
-8.5%
Q2 24
20.3%
-8.3%
Q1 24
5.4%
-8.9%
EPS (diluted)
CMCL
CMCL
KFS
KFS
Q4 25
$-0.07
Q3 25
$-0.10
Q2 25
$-0.13
Q1 25
$-0.13
Q4 24
$-0.08
Q3 24
$0.13
$-0.10
Q2 24
$0.42
$-0.08
Q1 24
$0.07
$-0.09

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
KFS
KFS
Cash + ST InvestmentsLiquidity on hand
$7.2M
$8.5M
Total DebtLower is stronger
$70.7M
Stockholders' EquityBook value
$231.0M
$15.2M
Total Assets
$339.7M
$231.5M
Debt / EquityLower = less leverage
4.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
KFS
KFS
Q4 25
$8.5M
Q3 25
$9.5M
Q2 25
$12.3M
Q1 25
$6.5M
Q4 24
$5.7M
Q3 24
$7.2M
$6.7M
Q2 24
$15.4M
$9.8M
Q1 24
$1.8M
$12.3M
Total Debt
CMCL
CMCL
KFS
KFS
Q4 25
$70.7M
Q3 25
$70.7M
Q2 25
$58.3M
Q1 25
$59.5M
Q4 24
$57.5M
Q3 24
$58.5M
Q2 24
$47.3M
Q1 24
$47.1M
Stockholders' Equity
CMCL
CMCL
KFS
KFS
Q4 25
$15.2M
Q3 25
$16.6M
Q2 25
$17.4M
Q1 25
$5.5M
Q4 24
$8.4M
Q3 24
$231.0M
$9.9M
Q2 24
$231.1M
$20.7M
Q1 24
$220.3M
$23.6M
Total Assets
CMCL
CMCL
KFS
KFS
Q4 25
$231.5M
Q3 25
$235.1M
Q2 25
$207.7M
Q1 25
$192.1M
Q4 24
$186.6M
Q3 24
$339.7M
$191.1M
Q2 24
$338.5M
$192.3M
Q1 24
$321.8M
$198.0M
Debt / Equity
CMCL
CMCL
KFS
KFS
Q4 25
4.66×
Q3 25
4.25×
Q2 25
3.34×
Q1 25
10.91×
Q4 24
6.84×
Q3 24
5.88×
Q2 24
2.29×
Q1 24
2.00×

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
KFS
KFS
Operating Cash FlowLast quarter
$4.6M
$-3.0K
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
KFS
KFS
Q4 25
$-3.0K
Q3 25
$1.5M
Q2 25
$337.0K
Q1 25
$-1.8M
Q4 24
$1.1M
Q3 24
$4.6M
$368.0K
Q2 24
$19.1M
$557.0K
Q1 24
$249.0K
Free Cash Flow
CMCL
CMCL
KFS
KFS
Q4 25
Q3 25
$1.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CMCL
CMCL
KFS
KFS
Q4 25
Q3 25
3.4%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CMCL
CMCL
KFS
KFS
Q4 25
Q3 25
0.5%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CMCL
CMCL
KFS
KFS
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
CMCL

Segment breakdown not available.

KFS
KFS

Other$14.8M38%
Roundhouse Electric Equipment Co Inc$9.7M25%
MLC Plumbing LLC$5.7M15%
Systems Products International Incspi$3.8M10%
Advanced Plumbing And Drain$2.9M8%
Southside Plumbing$1.7M4%

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