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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $46.9M, roughly 1.7× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs 1.7%, a 5.4% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% 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.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

CMCL vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.7× larger
PROP
$77.7M
$46.9M
CMCL
Higher net margin
CMCL
CMCL
5.4% more per $
CMCL
7.0%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
17.1%
CMCL

Income Statement — Q3 FY2024 vs Q3 FY2025

Metric
CMCL
CMCL
PROP
PROP
Revenue
$46.9M
$77.7M
Net Profit
$3.3M
$1.3M
Gross Margin
41.2%
Operating Margin
18.6%
34.8%
Net Margin
7.0%
1.7%
Revenue YoY
13.8%
Net Profit YoY
-33.3%
111.3%
EPS (diluted)
$0.13
$-0.44

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
PROP
PROP
Q3 25
$77.7M
Q2 25
$68.1M
Q1 25
$13.6M
Q3 24
$46.9M
$0
Q2 24
$50.1M
Q1 24
$38.5M
Q4 23
$38.7M
Q3 23
$41.2M
$458.0K
Net Profit
CMCL
CMCL
PROP
PROP
Q3 25
$1.3M
Q2 25
$35.7M
Q1 25
$-2.6M
Q3 24
$3.3M
$-11.4M
Q2 24
$10.2M
Q1 24
$2.1M
Q4 23
$-2.6M
Q3 23
$4.9M
$-34.4M
Gross Margin
CMCL
CMCL
PROP
PROP
Q3 25
Q2 25
Q1 25
Q3 24
41.2%
Q2 24
45.8%
Q1 24
35.9%
Q4 23
27.3%
Q3 23
34.3%
Operating Margin
CMCL
CMCL
PROP
PROP
Q3 25
34.8%
Q2 25
27.8%
Q1 25
12.9%
Q3 24
18.6%
Q2 24
32.2%
Q1 24
13.8%
Q4 23
6.0%
Q3 23
22.4%
-1379.0%
Net Margin
CMCL
CMCL
PROP
PROP
Q3 25
1.7%
Q2 25
52.4%
Q1 25
-19.3%
Q3 24
7.0%
Q2 24
20.3%
Q1 24
5.4%
Q4 23
-6.7%
Q3 23
12.0%
-7515.2%
EPS (diluted)
CMCL
CMCL
PROP
PROP
Q3 25
$-0.44
Q2 25
$0.18
Q1 25
$-3.49
Q3 24
$0.13
$-0.68
Q2 24
$0.42
Q1 24
$0.07
Q4 23
$-0.19
Q3 23
$0.21
$-5.24

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$7.2M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$101.8M
Total Assets
$339.7M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
PROP
PROP
Q3 25
$10.6M
Q2 25
$10.7M
Q1 25
$15.0M
Q3 24
$7.2M
$40.1M
Q2 24
$15.4M
Q1 24
$1.8M
Q4 23
$6.7M
Q3 23
$10.8M
$7.2M
Total Debt
CMCL
CMCL
PROP
PROP
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Stockholders' Equity
CMCL
CMCL
PROP
PROP
Q3 25
$101.8M
Q2 25
$94.2M
Q1 25
$34.0M
Q3 24
$231.0M
$61.3M
Q2 24
$231.1M
Q1 24
$220.3M
Q4 23
$224.2M
Q3 23
$226.6M
$-64.0M
Total Assets
CMCL
CMCL
PROP
PROP
Q3 25
$939.8M
Q2 25
$858.5M
Q1 25
$775.4M
Q3 24
$339.7M
$107.2M
Q2 24
$338.5M
Q1 24
$321.8M
Q4 23
$328.3M
Q3 23
$320.3M
$40.1M
Debt / Equity
CMCL
CMCL
PROP
PROP
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

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
PROP
PROP
Operating Cash FlowLast quarter
$4.6M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
PROP
PROP
Q3 25
$57.7M
Q2 25
$-7.2M
Q1 25
$16.9M
Q3 24
$4.6M
$2.8M
Q2 24
$19.1M
Q1 24
Q4 23
Q3 23
$14.5M
$-2.9M
Capex Intensity
CMCL
CMCL
PROP
PROP
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
0.0%
Cash Conversion
CMCL
CMCL
PROP
PROP
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
Q3 24
1.40×
Q2 24
1.87×
Q1 24
Q4 23
Q3 23
2.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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