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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and NATURAL RESOURCE PARTNERS LP (NRP). Click either name above to swap in a different company.
NATURAL RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($51.3M vs $46.9M, roughly 1.1× Caledonia Mining Corp Plc). NATURAL RESOURCE PARTNERS LP runs the higher net margin — 78.5% vs 7.0%, a 71.5% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -21.8%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -8.3%).
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 Resource Partners LP is a U.S.-headquartered master limited partnership that owns, manages and leases mineral reserve interests. Its asset portfolio covers coal, aggregates, industrial minerals and oil & gas, with operations primarily across North America, deriving most revenue from royalties paid by third-party resource extraction operators.
CMCL vs NRP — Head-to-Head
Income Statement — Q3 FY2024 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.9M | $51.3M |
| Net Profit | $3.3M | $40.3M |
| Gross Margin | 41.2% | — |
| Operating Margin | 18.6% | 83.7% |
| Net Margin | 7.0% | 78.5% |
| Revenue YoY | 13.8% | -21.8% |
| Net Profit YoY | -33.3% | -28.4% |
| EPS (diluted) | $0.13 | — |
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.
| Q1 25 | — | $51.3M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | $46.9M | $50.4M | ||
| Q2 24 | $50.1M | $54.6M | ||
| Q1 24 | $38.5M | $65.6M | ||
| Q4 23 | $38.7M | $72.9M | ||
| Q3 23 | $41.2M | $68.5M | ||
| Q2 23 | $37.0M | $61.0M |
| Q1 25 | — | $40.3M | ||
| Q4 24 | — | $42.8M | ||
| Q3 24 | $3.3M | $38.6M | ||
| Q2 24 | $10.2M | $46.1M | ||
| Q1 24 | $2.1M | $56.2M | ||
| Q4 23 | $-2.6M | $65.0M | ||
| Q3 23 | $4.9M | $63.8M | ||
| Q2 23 | $-2.5M | $70.3M |
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.2% | — | ||
| Q2 24 | 45.8% | — | ||
| Q1 24 | 35.9% | — | ||
| Q4 23 | 27.3% | — | ||
| Q3 23 | 34.3% | — | ||
| Q2 23 | 29.5% | — |
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 74.9% | ||
| Q3 24 | 18.6% | 84.9% | ||
| Q2 24 | 32.2% | 92.3% | ||
| Q1 24 | 13.8% | 91.0% | ||
| Q4 23 | 6.0% | 94.5% | ||
| Q3 23 | 22.4% | 98.8% | ||
| Q2 23 | 2.5% | — |
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | 7.0% | 76.6% | ||
| Q2 24 | 20.3% | 84.4% | ||
| Q1 24 | 5.4% | 85.7% | ||
| Q4 23 | -6.7% | 89.1% | ||
| Q3 23 | 12.0% | 93.2% | ||
| Q2 23 | -6.8% | 115.3% |
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $0.07 | — | ||
| Q4 23 | $-0.19 | — | ||
| Q3 23 | $0.21 | — | ||
| Q2 23 | $-0.14 | — |
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 | $30.9M |
| Total DebtLower is stronger | — | $138.8M |
| Stockholders' EquityBook value | $231.0M | — |
| Total Assets | $339.7M | $772.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 25 | — | $30.9M | ||
| Q4 24 | — | $30.4M | ||
| Q3 24 | $7.2M | $30.9M | ||
| Q2 24 | $15.4M | $32.3M | ||
| Q1 24 | $1.8M | $11.0M | ||
| Q4 23 | $6.7M | $12.0M | ||
| Q3 23 | $10.8M | $18.4M | ||
| Q2 23 | $12.8M | $10.7M |
| Q1 25 | — | $138.8M | ||
| Q4 24 | — | $142.1M | ||
| Q3 24 | — | $197.4M | ||
| Q2 24 | — | $210.3M | ||
| Q1 24 | — | $188.8M | ||
| Q4 23 | — | $155.1M | ||
| Q3 23 | — | $207.5M | ||
| Q2 23 | — | $182.4M |
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $231.0M | — | ||
| Q2 24 | $231.1M | — | ||
| Q1 24 | $220.3M | — | ||
| Q4 23 | $224.2M | — | ||
| Q3 23 | $226.6M | — | ||
| Q2 23 | $224.3M | — |
| Q1 25 | — | $772.5M | ||
| Q4 24 | — | $772.9M | ||
| Q3 24 | $339.7M | $772.9M | ||
| Q2 24 | $338.5M | $789.6M | ||
| Q1 24 | $321.8M | $772.9M | ||
| Q4 23 | $328.3M | $797.9M | ||
| Q3 23 | $320.3M | $815.2M | ||
| Q2 23 | $313.9M | $820.3M |
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 | $34.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.40× | 0.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 25 | — | $34.4M | ||
| Q4 24 | — | $66.2M | ||
| Q3 24 | $4.6M | $54.1M | ||
| Q2 24 | $19.1M | $56.6M | ||
| Q1 24 | — | $71.5M | ||
| Q4 23 | — | $77.8M | ||
| Q3 23 | $14.5M | $78.9M | ||
| Q2 23 | $-2.2M | $81.3M |
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $81.3M |
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | 133.3% |
| Q1 25 | — | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% | ||
| Q4 23 | — | 0.0% | ||
| Q3 23 | — | 0.0% | ||
| Q2 23 | — | 0.0% |
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.55× | ||
| Q3 24 | 1.40× | 1.40× | ||
| Q2 24 | 1.87× | 1.23× | ||
| Q1 24 | — | 1.27× | ||
| Q4 23 | — | 1.20× | ||
| Q3 23 | 2.94× | 1.24× | ||
| Q2 23 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMCL
Segment breakdown not available.
NRP
| Coal Royalty Revenues | $35.5M | 69% |
| Soda Ash Segment | $4.6M | 9% |
| Transportation And Processing Services | $4.4M | 9% |
| Production Lease Minimum Revenues | $2.7M | 5% |
| Oil And Gas Royalty Revenues | $2.4M | 5% |
| Other | $1.6M | 3% |
