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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB). 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 $44.6M, roughly 1.0× PACIFIC BIOSCIENCES OF CALIFORNIA, INC.). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -90.4%, a 97.4% gap on every dollar of revenue. On growth, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. posted the faster year-over-year revenue change (13.8% vs 13.8%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 7.3%).

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.

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

CMCL vs PACB — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.0× larger
CMCL
$46.9M
$44.6M
PACB
Growing faster (revenue YoY)
PACB
PACB
+0.0% gap
PACB
13.8%
13.8%
CMCL
Higher net margin
CMCL
CMCL
97.4% more per $
CMCL
7.0%
-90.4%
PACB
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
7.3%
PACB

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
PACB
PACB
Revenue
$46.9M
$44.6M
Net Profit
$3.3M
$-40.4M
Gross Margin
41.2%
37.1%
Operating Margin
18.6%
-92.3%
Net Margin
7.0%
-90.4%
Revenue YoY
13.8%
13.8%
Net Profit YoY
-33.3%
-1802.7%
EPS (diluted)
$0.13
$-0.11

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
PACB
PACB
Q4 25
$44.6M
Q3 25
$38.4M
Q2 25
$39.8M
Q1 25
$37.2M
Q4 24
$39.2M
Q3 24
$46.9M
$40.0M
Q2 24
$50.1M
$36.0M
Q1 24
$38.5M
$38.8M
Net Profit
CMCL
CMCL
PACB
PACB
Q4 25
$-40.4M
Q3 25
$-38.0M
Q2 25
$-41.9M
Q1 25
$-426.1M
Q4 24
$2.4M
Q3 24
$3.3M
$-60.7M
Q2 24
$10.2M
$-173.3M
Q1 24
$2.1M
$-78.2M
Gross Margin
CMCL
CMCL
PACB
PACB
Q4 25
37.1%
Q3 25
41.4%
Q2 25
36.9%
Q1 25
-3.7%
Q4 24
25.6%
Q3 24
41.2%
25.0%
Q2 24
45.8%
16.5%
Q1 24
35.9%
29.1%
Operating Margin
CMCL
CMCL
PACB
PACB
Q4 25
-92.3%
Q3 25
-101.1%
Q2 25
-112.8%
Q1 25
-1154.5%
Q4 24
-390.1%
Q3 24
18.6%
-160.3%
Q2 24
32.2%
-488.3%
Q1 24
13.8%
-209.6%
Net Margin
CMCL
CMCL
PACB
PACB
Q4 25
-90.4%
Q3 25
-98.9%
Q2 25
-105.4%
Q1 25
-1146.8%
Q4 24
6.0%
Q3 24
7.0%
-151.9%
Q2 24
20.3%
-481.3%
Q1 24
5.4%
-201.4%
EPS (diluted)
CMCL
CMCL
PACB
PACB
Q4 25
$-0.11
Q3 25
$-0.13
Q2 25
$-0.14
Q1 25
$-1.44
Q4 24
$-0.44
Q3 24
$0.13
$-0.22
Q2 24
$0.42
$-0.64
Q1 24
$0.07
$-0.29

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
PACB
PACB
Cash + ST InvestmentsLiquidity on hand
$7.2M
$279.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$5.3M
Total Assets
$339.7M
$784.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
PACB
PACB
Q4 25
$279.5M
Q3 25
$298.7M
Q2 25
$314.7M
Q1 25
$343.1M
Q4 24
$389.9M
Q3 24
$7.2M
$471.1M
Q2 24
$15.4M
$509.8M
Q1 24
$1.8M
$561.9M
Stockholders' Equity
CMCL
CMCL
PACB
PACB
Q4 25
$5.3M
Q3 25
$36.1M
Q2 25
$61.5M
Q1 25
$91.6M
Q4 24
$506.6M
Q3 24
$231.0M
$453.1M
Q2 24
$231.1M
$492.7M
Q1 24
$220.3M
$649.0M
Total Assets
CMCL
CMCL
PACB
PACB
Q4 25
$784.1M
Q3 25
$803.2M
Q2 25
$825.5M
Q1 25
$860.8M
Q4 24
$1.3B
Q3 24
$339.7M
$1.5B
Q2 24
$338.5M
$1.5B
Q1 24
$321.8M
$1.7B

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
PACB
PACB
Operating Cash FlowLast quarter
$4.6M
$-19.1M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-44.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
PACB
PACB
Q4 25
$-19.1M
Q3 25
$-18.7M
Q2 25
$-29.4M
Q1 25
$-44.1M
Q4 24
$-30.6M
Q3 24
$4.6M
$-45.5M
Q2 24
$19.1M
$-54.3M
Q1 24
$-75.7M
Free Cash Flow
CMCL
CMCL
PACB
PACB
Q4 25
$-19.9M
Q3 25
$-18.8M
Q2 25
$-29.9M
Q1 25
$-45.4M
Q4 24
$-32.3M
Q3 24
$-46.3M
Q2 24
$-55.7M
Q1 24
$-79.6M
FCF Margin
CMCL
CMCL
PACB
PACB
Q4 25
-44.6%
Q3 25
-48.9%
Q2 25
-75.3%
Q1 25
-122.3%
Q4 24
-82.3%
Q3 24
-115.7%
Q2 24
-154.8%
Q1 24
-205.0%
Capex Intensity
CMCL
CMCL
PACB
PACB
Q4 25
1.9%
Q3 25
0.2%
Q2 25
1.4%
Q1 25
3.7%
Q4 24
4.1%
Q3 24
2.0%
Q2 24
4.1%
Q1 24
10.0%
Cash Conversion
CMCL
CMCL
PACB
PACB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-12.93×
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.

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

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