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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and REDWOOD TRUST INC (RWT). 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 $25.9M, roughly 1.8× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 7.0%, a 70.2% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -6.1%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -41.0%).

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.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

CMCL vs RWT — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.8× larger
CMCL
$46.9M
$25.9M
RWT
Growing faster (revenue YoY)
CMCL
CMCL
+19.9% gap
CMCL
13.8%
-6.1%
RWT
Higher net margin
RWT
RWT
70.2% more per $
RWT
77.2%
7.0%
CMCL
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-41.0%
RWT

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
RWT
RWT
Revenue
$46.9M
$25.9M
Net Profit
$3.3M
$20.0M
Gross Margin
41.2%
Operating Margin
18.6%
Net Margin
7.0%
77.2%
Revenue YoY
13.8%
-6.1%
Net Profit YoY
-33.3%
402.6%
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
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$13.8M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$46.9M
$25.5M
Q2 24
$50.1M
$67.4M
Q1 24
$38.5M
$74.5M
Net Profit
CMCL
CMCL
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-98.5M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$3.3M
$14.8M
Q2 24
$10.2M
$15.5M
Q1 24
$2.1M
$30.3M
Gross Margin
CMCL
CMCL
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
41.2%
Q2 24
45.8%
Q1 24
35.9%
Operating Margin
CMCL
CMCL
RWT
RWT
Q4 25
Q3 25
-9.0%
Q2 25
-679.0%
Q1 25
80.2%
Q4 24
-1.3%
Q3 24
18.6%
86.1%
Q2 24
32.2%
30.3%
Q1 24
13.8%
41.3%
Net Margin
CMCL
CMCL
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-712.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
7.0%
58.1%
Q2 24
20.3%
23.0%
Q1 24
5.4%
40.6%
EPS (diluted)
CMCL
CMCL
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$-0.76
Q1 25
$0.10
Q4 24
$-0.08
Q3 24
$0.13
$0.09
Q2 24
$0.42
$0.10
Q1 24
$0.07
$0.21

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$7.2M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$982.6M
Total Assets
$339.7M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$7.2M
$253.7M
Q2 24
$15.4M
$275.6M
Q1 24
$1.8M
$275.4M
Total Debt
CMCL
CMCL
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
CMCL
CMCL
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$231.0M
$1.2B
Q2 24
$231.1M
$1.2B
Q1 24
$220.3M
$1.2B
Total Assets
CMCL
CMCL
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$21.3B
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$339.7M
$18.4B
Q2 24
$338.5M
$16.5B
Q1 24
$321.8M
$15.1B
Debt / Equity
CMCL
CMCL
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

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
RWT
RWT
Operating Cash FlowLast quarter
$4.6M
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-2.1B
Q1 25
$-2.0B
Q4 24
$-5.9B
Q3 24
$4.6M
$-2.1B
Q2 24
$19.1M
$-2.0B
Q1 24
$-954.2M
Cash Conversion
CMCL
CMCL
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
1.40×
-140.86×
Q2 24
1.87×
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

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