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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.

MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $46.9M, roughly 1.2× Caledonia Mining Corp Plc). On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 9.2%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 7.7%).

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.

MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.

CMCL vs MFA — Head-to-Head

Bigger by revenue
MFA
MFA
1.2× larger
MFA
$55.5M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+4.6% gap
CMCL
13.8%
9.2%
MFA
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
7.7%
MFA

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
MFA
MFA
Revenue
$46.9M
$55.5M
Net Profit
$3.3M
Gross Margin
41.2%
Operating Margin
18.6%
97.9%
Net Margin
7.0%
Revenue YoY
13.8%
9.2%
Net Profit YoY
-33.3%
EPS (diluted)
$0.13
$0.43

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
MFA
MFA
Q4 25
$55.5M
Q3 25
$56.8M
Q2 25
$61.3M
Q1 25
$57.5M
Q4 24
$50.8M
Q3 24
$46.9M
$50.6M
Q2 24
$50.1M
$53.5M
Q1 24
$38.5M
$47.8M
Net Profit
CMCL
CMCL
MFA
MFA
Q4 25
Q3 25
$48.1M
Q2 25
$33.2M
Q1 25
$41.2M
Q4 24
Q3 24
$3.3M
$48.2M
Q2 24
$10.2M
$41.9M
Q1 24
$2.1M
$23.2M
Gross Margin
CMCL
CMCL
MFA
MFA
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
MFA
MFA
Q4 25
97.9%
Q3 25
84.5%
Q2 25
54.5%
Q1 25
70.0%
Q4 24
6.8%
Q3 24
18.6%
98.2%
Q2 24
32.2%
79.1%
Q1 24
13.8%
50.7%
Net Margin
CMCL
CMCL
MFA
MFA
Q4 25
Q3 25
84.7%
Q2 25
54.2%
Q1 25
71.6%
Q4 24
Q3 24
7.0%
95.2%
Q2 24
20.3%
78.4%
Q1 24
5.4%
48.5%
EPS (diluted)
CMCL
CMCL
MFA
MFA
Q4 25
$0.43
Q3 25
$0.35
Q2 25
$0.21
Q1 25
$0.31
Q4 24
$-0.01
Q3 24
$0.13
$0.37
Q2 24
$0.42
$0.32
Q1 24
$0.07
$0.14

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
MFA
MFA
Cash + ST InvestmentsLiquidity on hand
$7.2M
$213.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$1.8B
Total Assets
$339.7M
$13.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
MFA
MFA
Q4 25
$213.2M
Q3 25
$305.2M
Q2 25
$275.7M
Q1 25
$253.7M
Q4 24
$338.9M
Q3 24
$7.2M
$305.6M
Q2 24
$15.4M
$289.4M
Q1 24
$1.8M
$306.3M
Stockholders' Equity
CMCL
CMCL
MFA
MFA
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$231.0M
$1.9B
Q2 24
$231.1M
$1.9B
Q1 24
$220.3M
$1.9B
Total Assets
CMCL
CMCL
MFA
MFA
Q4 25
$13.0B
Q3 25
$12.1B
Q2 25
$11.7B
Q1 25
$11.5B
Q4 24
$11.4B
Q3 24
$339.7M
$11.2B
Q2 24
$338.5M
$11.1B
Q1 24
$321.8M
$10.9B

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
MFA
MFA
Operating Cash FlowLast quarter
$4.6M
$76.2M
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
MFA
MFA
Q4 25
$76.2M
Q3 25
$14.7M
Q2 25
$38.5M
Q1 25
$-14.6M
Q4 24
$200.1M
Q3 24
$4.6M
$-11.3M
Q2 24
$19.1M
$46.5M
Q1 24
$53.5M
Cash Conversion
CMCL
CMCL
MFA
MFA
Q4 25
Q3 25
0.31×
Q2 25
1.16×
Q1 25
-0.35×
Q4 24
Q3 24
1.40×
-0.23×
Q2 24
1.87×
1.11×
Q1 24
2.30×

Financial Flow Comparison

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

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