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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

PAN AMERICAN SILVER CORP is the larger business by last-quarter revenue ($2.8B vs $46.9M, roughly 59.8× Caledonia Mining Corp Plc).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

CMCL vs PAAS — Head-to-Head

Bigger by revenue
PAAS
PAAS
59.8× larger
PAAS
$2.8B
$46.9M
CMCL

Income Statement — Q3 2024 vs Q3 2022

Metric
CMCL
CMCL
PAAS
PAAS
Revenue
$46.9M
$2.8B
Net Profit
$3.3M
Gross Margin
41.2%
27.0%
Operating Margin
18.6%
Net Margin
7.0%
Revenue YoY
13.8%
Net Profit YoY
-33.3%
EPS (diluted)
$0.13
$-1.05

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
PAAS
PAAS
Q3 24
$46.9M
Q2 24
$50.1M
Q1 24
$38.5M
Q4 23
$38.7M
Q3 23
$41.2M
Q2 23
$37.0M
Q1 23
$29.4M
Q4 22
$34.2M
Net Profit
CMCL
CMCL
PAAS
PAAS
Q3 24
$3.3M
Q2 24
$10.2M
Q1 24
$2.1M
Q4 23
$-2.6M
Q3 23
$4.9M
Q2 23
$-2.5M
Q1 23
$-4.6M
Q4 22
$-6.4M
Gross Margin
CMCL
CMCL
PAAS
PAAS
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 23
19.9%
Q4 22
33.2%
Operating Margin
CMCL
CMCL
PAAS
PAAS
Q3 24
18.6%
Q2 24
32.2%
Q1 24
13.8%
Q4 23
6.0%
Q3 23
22.4%
Q2 23
2.5%
Q1 23
-5.1%
Q4 22
-19.7%
Net Margin
CMCL
CMCL
PAAS
PAAS
Q3 24
7.0%
Q2 24
20.3%
Q1 24
5.4%
Q4 23
-6.7%
Q3 23
12.0%
Q2 23
-6.8%
Q1 23
-15.8%
Q4 22
-18.7%
EPS (diluted)
CMCL
CMCL
PAAS
PAAS
Q3 24
$0.13
Q2 24
$0.42
Q1 24
$0.07
Q4 23
$-0.19
Q3 23
$0.21
Q2 23
$-0.14
Q1 23
$-0.32
Q4 22
$-0.50

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
PAAS
PAAS
Q3 24
$7.2M
Q2 24
$15.4M
Q1 24
$1.8M
Q4 23
$6.7M
Q3 23
$10.8M
Q2 23
$12.8M
Q1 23
$19.0M
Q4 22
$6.7M
Stockholders' Equity
CMCL
CMCL
PAAS
PAAS
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 23
$223.4M
Q4 22
$157.7M
Total Assets
CMCL
CMCL
PAAS
PAAS
Q3 24
$339.7M
Q2 24
$338.5M
Q1 24
$321.8M
Q4 23
$328.3M
Q3 23
$320.3M
Q2 23
$313.9M
Q1 23
$320.0M
Q4 22
$235.2M

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
PAAS
PAAS
Operating Cash FlowLast quarter
$4.6M
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
PAAS
PAAS
Q3 24
$4.6M
Q2 24
$19.1M
Q1 24
Q4 23
Q3 23
$14.5M
Q2 23
$-2.2M
Q1 23
Q4 22
Cash Conversion
CMCL
CMCL
PAAS
PAAS
Q3 24
1.40×
Q2 24
1.87×
Q1 24
Q4 23
Q3 23
2.94×
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

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