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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and NATURAL ALTERNATIVES INTERNATIONAL INC (NAII). 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 $34.8M, roughly 1.3× NATURAL ALTERNATIVES INTERNATIONAL INC). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -7.3%, a 14.3% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 2.1%). Over the past eight quarters, NATURAL ALTERNATIVES INTERNATIONAL INC's revenue compounded faster (17.7% 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.

Natural Alternatives International, Inc. (NAI) is an American company based in Carlsbad, California which manufactures nutritional supplements such as Juice Plus. NAI was founded in 1980 by Mark A. LeDoux, and had 241 employees in 2007. NAI's manufacturing facilities are located in Vista, California, Switzerland and Japan.

CMCL vs NAII — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.3× larger
CMCL
$46.9M
$34.8M
NAII
Growing faster (revenue YoY)
CMCL
CMCL
+11.7% gap
CMCL
13.8%
2.1%
NAII
Higher net margin
CMCL
CMCL
14.3% more per $
CMCL
7.0%
-7.3%
NAII
Faster 2-yr revenue CAGR
NAII
NAII
Annualised
NAII
17.7%
17.1%
CMCL

Income Statement — Q3 FY2024 vs Q2 FY2026

Metric
CMCL
CMCL
NAII
NAII
Revenue
$46.9M
$34.8M
Net Profit
$3.3M
$-2.6M
Gross Margin
41.2%
7.2%
Operating Margin
18.6%
-5.3%
Net Margin
7.0%
-7.3%
Revenue YoY
13.8%
2.1%
Net Profit YoY
-33.3%
-16.5%
EPS (diluted)
$0.13
$-0.42

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
NAII
NAII
Q4 25
$34.8M
Q3 25
$37.7M
Q2 25
$33.9M
Q1 25
$28.8M
Q4 24
$34.1M
Q3 24
$46.9M
$33.1M
Q2 24
$50.1M
$29.5M
Q1 24
$38.5M
$25.1M
Net Profit
CMCL
CMCL
NAII
NAII
Q4 25
$-2.6M
Q3 25
$-291.0K
Q2 25
$-7.2M
Q1 25
$-2.2M
Q4 24
$-2.2M
Q3 24
$3.3M
$-2.0M
Q2 24
$10.2M
$-1.9M
Q1 24
$2.1M
$-1.6M
Gross Margin
CMCL
CMCL
NAII
NAII
Q4 25
7.2%
Q3 25
11.7%
Q2 25
10.4%
Q1 25
6.3%
Q4 24
4.9%
Q3 24
41.2%
6.8%
Q2 24
45.8%
4.8%
Q1 24
35.9%
7.6%
Operating Margin
CMCL
CMCL
NAII
NAII
Q4 25
-5.3%
Q3 25
0.8%
Q2 25
-5.7%
Q1 25
-7.3%
Q4 24
-8.2%
Q3 24
18.6%
-5.5%
Q2 24
32.2%
-8.6%
Q1 24
13.8%
-7.8%
Net Margin
CMCL
CMCL
NAII
NAII
Q4 25
-7.3%
Q3 25
-0.8%
Q2 25
-21.3%
Q1 25
-7.6%
Q4 24
-6.4%
Q3 24
7.0%
-6.0%
Q2 24
20.3%
-6.4%
Q1 24
5.4%
-6.3%
EPS (diluted)
CMCL
CMCL
NAII
NAII
Q4 25
$-0.42
Q3 25
$-0.05
Q2 25
$-1.21
Q1 25
$-0.37
Q4 24
$-0.37
Q3 24
$0.13
$-0.33
Q2 24
$0.42
$-0.32
Q1 24
$0.07
$-0.27

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
NAII
NAII
Cash + ST InvestmentsLiquidity on hand
$7.2M
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$67.0M
Total Assets
$339.7M
$153.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
NAII
NAII
Q4 25
$3.8M
Q3 25
$7.7M
Q2 25
$12.3M
Q1 25
$10.6M
Q4 24
$8.7M
Q3 24
$7.2M
$10.2M
Q2 24
$15.4M
$12.0M
Q1 24
$1.8M
$12.4M
Stockholders' Equity
CMCL
CMCL
NAII
NAII
Q4 25
$67.0M
Q3 25
$69.0M
Q2 25
$68.4M
Q1 25
$76.6M
Q4 24
$79.1M
Q3 24
$231.0M
$80.2M
Q2 24
$231.1M
$82.6M
Q1 24
$220.3M
$84.1M
Total Assets
CMCL
CMCL
NAII
NAII
Q4 25
$153.3M
Q3 25
$156.9M
Q2 25
$151.9M
Q1 25
$154.9M
Q4 24
$156.1M
Q3 24
$339.7M
$161.3M
Q2 24
$338.5M
$162.3M
Q1 24
$321.8M
$153.2M

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
NAII
NAII
Operating Cash FlowLast quarter
$4.6M
$-6.3M
Free Cash FlowOCF − Capex
$-7.3M
FCF MarginFCF / Revenue
-20.9%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-5.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
NAII
NAII
Q4 25
$-6.3M
Q3 25
$-4.0M
Q2 25
$3.3M
Q1 25
$6.0M
Q4 24
$37.0K
Q3 24
$4.6M
$-3.4M
Q2 24
$19.1M
$-2.7M
Q1 24
$-3.6M
Free Cash Flow
CMCL
CMCL
NAII
NAII
Q4 25
$-7.3M
Q3 25
$-5.1M
Q2 25
$1.9M
Q1 25
$5.2M
Q4 24
$-1.0M
Q3 24
$-3.7M
Q2 24
$-3.8M
Q1 24
$-3.9M
FCF Margin
CMCL
CMCL
NAII
NAII
Q4 25
-20.9%
Q3 25
-13.4%
Q2 25
5.6%
Q1 25
18.0%
Q4 24
-3.0%
Q3 24
-11.3%
Q2 24
-12.7%
Q1 24
-15.5%
Capex Intensity
CMCL
CMCL
NAII
NAII
Q4 25
2.7%
Q3 25
2.7%
Q2 25
4.3%
Q1 25
2.8%
Q4 24
3.1%
Q3 24
0.9%
Q2 24
3.5%
Q1 24
1.1%
Cash Conversion
CMCL
CMCL
NAII
NAII
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.

NAII
NAII

Private Label Contract Manufacturing$32.8M94%
Patent And Trademark Licensing$2.0M6%

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