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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and KKR Real Estate Finance Trust Inc. (KREF). 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 $25.8M, roughly 1.8× KKR Real Estate Finance Trust Inc.). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -101.7%, a 108.8% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -26.6%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -18.8%).
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.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
CMCL vs KREF — Head-to-Head
Income Statement — Q3 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.9M | $25.8M |
| Net Profit | $3.3M | $-26.2M |
| Gross Margin | 41.2% | — |
| Operating Margin | 18.6% | -105.1% |
| Net Margin | 7.0% | -101.7% |
| Revenue YoY | 13.8% | -26.6% |
| Net Profit YoY | -33.3% | -229.6% |
| EPS (diluted) | $0.13 | $-0.49 |
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 | — | $25.8M | ||
| Q3 25 | — | $25.3M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $31.3M | ||
| Q4 24 | — | $35.1M | ||
| Q3 24 | $46.9M | $37.0M | ||
| Q2 24 | $50.1M | $40.4M | ||
| Q1 24 | $38.5M | $39.1M |
| Q4 25 | — | $-26.2M | ||
| Q3 25 | — | $13.8M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $-4.9M | ||
| Q4 24 | — | $20.3M | ||
| Q3 24 | $3.3M | $-7.4M | ||
| Q2 24 | $10.2M | $25.8M | ||
| Q1 24 | $2.1M | $-3.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.2% | — | ||
| Q2 24 | 45.8% | — | ||
| Q1 24 | 35.9% | — |
| Q4 25 | — | -105.1% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | -101.3% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | 18.6% | -19.6% | ||
| Q2 24 | 32.2% | 63.3% | ||
| Q1 24 | 13.8% | -8.7% |
| Q4 25 | — | -101.7% | ||
| Q3 25 | — | 54.4% | ||
| Q2 25 | — | -98.5% | ||
| Q1 25 | — | -15.5% | ||
| Q4 24 | — | 57.7% | ||
| Q3 24 | 7.0% | -20.0% | ||
| Q2 24 | 20.3% | 63.9% | ||
| Q1 24 | 5.4% | -7.9% |
| Q4 25 | — | $-0.49 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $-0.53 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | $0.13 | $-0.19 | ||
| Q2 24 | $0.42 | $0.29 | ||
| Q1 24 | $0.07 | $-0.13 |
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 | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $231.0M | $1.2B |
| Total Assets | $339.7M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $84.6M | ||
| Q3 25 | — | $204.1M | ||
| Q2 25 | — | $107.7M | ||
| Q1 25 | — | $106.4M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | $7.2M | $108.8M | ||
| Q2 24 | $15.4M | $107.2M | ||
| Q1 24 | $1.8M | $106.5M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $231.0M | $1.4B | ||
| Q2 24 | $231.1M | $1.4B | ||
| Q1 24 | $220.3M | $1.4B |
| Q4 25 | — | $6.5B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.8B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | $339.7M | $6.8B | ||
| Q2 24 | $338.5M | $7.1B | ||
| Q1 24 | $321.8M | $7.3B |
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 | $72.3M |
| 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.
| Q4 25 | — | $72.3M | ||
| Q3 25 | — | $18.5M | ||
| Q2 25 | — | $21.1M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | — | $132.6M | ||
| Q3 24 | $4.6M | $49.1M | ||
| Q2 24 | $19.1M | $30.6M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.87× | 1.19× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
