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

MESA LABORATORIES INC is the larger business by last-quarter revenue ($65.1M vs $46.9M, roughly 1.4× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs 5.6%, a 1.4% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 3.6%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 5.1%).

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.

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

CMCL vs MLAB — Head-to-Head

Bigger by revenue
MLAB
MLAB
1.4× larger
MLAB
$65.1M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+10.2% gap
CMCL
13.8%
3.6%
MLAB
Higher net margin
CMCL
CMCL
1.4% more per $
CMCL
7.0%
5.6%
MLAB
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
5.1%
MLAB

Income Statement — Q3 FY2024 vs Q3 FY2026

Metric
CMCL
CMCL
MLAB
MLAB
Revenue
$46.9M
$65.1M
Net Profit
$3.3M
$3.6M
Gross Margin
41.2%
64.2%
Operating Margin
18.6%
12.2%
Net Margin
7.0%
5.6%
Revenue YoY
13.8%
3.6%
Net Profit YoY
-33.3%
316.6%
EPS (diluted)
$0.13
$0.65

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
MLAB
MLAB
Q4 25
$65.1M
Q3 25
$60.7M
Q2 25
$59.5M
Q1 25
$62.1M
Q4 24
$62.8M
Q3 24
$46.9M
$57.8M
Q2 24
$50.1M
$58.2M
Q1 24
$38.5M
$58.9M
Net Profit
CMCL
CMCL
MLAB
MLAB
Q4 25
$3.6M
Q3 25
$2.5M
Q2 25
$4.7M
Q1 25
$-7.1M
Q4 24
$-1.7M
Q3 24
$3.3M
$3.4M
Q2 24
$10.2M
$3.4M
Q1 24
$2.1M
$-254.6M
Gross Margin
CMCL
CMCL
MLAB
MLAB
Q4 25
64.2%
Q3 25
61.5%
Q2 25
62.0%
Q1 25
61.8%
Q4 24
63.3%
Q3 24
41.2%
61.3%
Q2 24
45.8%
64.0%
Q1 24
35.9%
62.1%
Operating Margin
CMCL
CMCL
MLAB
MLAB
Q4 25
12.2%
Q3 25
7.8%
Q2 25
5.1%
Q1 25
2.4%
Q4 24
9.2%
Q3 24
18.6%
6.1%
Q2 24
32.2%
9.6%
Q1 24
13.8%
-460.6%
Net Margin
CMCL
CMCL
MLAB
MLAB
Q4 25
5.6%
Q3 25
4.1%
Q2 25
8.0%
Q1 25
-11.4%
Q4 24
-2.7%
Q3 24
7.0%
5.9%
Q2 24
20.3%
5.8%
Q1 24
5.4%
-432.2%
EPS (diluted)
CMCL
CMCL
MLAB
MLAB
Q4 25
$0.65
Q3 25
$0.45
Q2 25
$0.85
Q1 25
$-1.30
Q4 24
$-0.31
Q3 24
$0.13
$0.63
Q2 24
$0.42
$0.62
Q1 24
$0.07
$-47.26

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$7.2M
$29.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$231.0M
$186.7M
Total Assets
$339.7M
$434.8M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
MLAB
MLAB
Q4 25
$29.0M
Q3 25
$20.4M
Q2 25
$21.3M
Q1 25
$27.3M
Q4 24
$27.3M
Q3 24
$7.2M
$24.3M
Q2 24
$15.4M
$28.5M
Q1 24
$1.8M
$28.2M
Total Debt
CMCL
CMCL
MLAB
MLAB
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$71.3M
Q4 24
$72.2M
Q3 24
$73.1M
Q2 24
$74.1M
Q1 24
Stockholders' Equity
CMCL
CMCL
MLAB
MLAB
Q4 25
$186.7M
Q3 25
$178.5M
Q2 25
$172.5M
Q1 25
$159.8M
Q4 24
$155.2M
Q3 24
$231.0M
$161.5M
Q2 24
$231.1M
$150.7M
Q1 24
$220.3M
$145.4M
Total Assets
CMCL
CMCL
MLAB
MLAB
Q4 25
$434.8M
Q3 25
$430.4M
Q2 25
$435.7M
Q1 25
$433.3M
Q4 24
$433.3M
Q3 24
$339.7M
$454.1M
Q2 24
$338.5M
$440.4M
Q1 24
$321.8M
$446.8M
Debt / Equity
CMCL
CMCL
MLAB
MLAB
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
Q1 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
MLAB
MLAB
Operating Cash FlowLast quarter
$4.6M
$18.8M
Free Cash FlowOCF − Capex
$18.0M
FCF MarginFCF / Revenue
27.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
1.40×
5.17×
TTM Free Cash FlowTrailing 4 quarters
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
MLAB
MLAB
Q4 25
$18.8M
Q3 25
$8.2M
Q2 25
$1.9M
Q1 25
$12.7M
Q4 24
$18.1M
Q3 24
$4.6M
$5.3M
Q2 24
$19.1M
$10.7M
Q1 24
$12.9M
Free Cash Flow
CMCL
CMCL
MLAB
MLAB
Q4 25
$18.0M
Q3 25
$7.1M
Q2 25
$884.0K
Q1 25
$11.9M
Q4 24
$17.3M
Q3 24
$3.5M
Q2 24
$9.9M
Q1 24
$12.3M
FCF Margin
CMCL
CMCL
MLAB
MLAB
Q4 25
27.7%
Q3 25
11.7%
Q2 25
1.5%
Q1 25
19.2%
Q4 24
27.6%
Q3 24
6.0%
Q2 24
16.9%
Q1 24
21.0%
Capex Intensity
CMCL
CMCL
MLAB
MLAB
Q4 25
1.1%
Q3 25
1.8%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
1.3%
Q3 24
3.1%
Q2 24
1.5%
Q1 24
0.9%
Cash Conversion
CMCL
CMCL
MLAB
MLAB
Q4 25
5.17×
Q3 25
3.32×
Q2 25
0.40×
Q1 25
Q4 24
Q3 24
1.40×
1.54×
Q2 24
1.87×
3.17×
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.

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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