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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and SANDRIDGE ENERGY INC (SD). 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 $39.4M, roughly 1.2× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 7.0%, a 47.9% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 1.1%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 14.1%).

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.

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

CMCL vs SD — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.2× larger
CMCL
$46.9M
$39.4M
SD
Growing faster (revenue YoY)
CMCL
CMCL
+12.7% gap
CMCL
13.8%
1.1%
SD
Higher net margin
SD
SD
47.9% more per $
SD
54.9%
7.0%
CMCL
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
14.1%
SD

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
SD
SD
Revenue
$46.9M
$39.4M
Net Profit
$3.3M
$21.6M
Gross Margin
41.2%
Operating Margin
18.6%
38.5%
Net Margin
7.0%
54.9%
Revenue YoY
13.8%
1.1%
Net Profit YoY
-33.3%
23.1%
EPS (diluted)
$0.13
$0.59

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
SD
SD
Q4 25
$39.4M
Q3 25
$39.8M
Q2 25
$34.5M
Q1 25
$42.6M
Q4 24
$39.0M
Q3 24
$46.9M
$30.1M
Q2 24
$50.1M
$26.0M
Q1 24
$38.5M
$30.3M
Net Profit
CMCL
CMCL
SD
SD
Q4 25
$21.6M
Q3 25
$16.0M
Q2 25
$19.6M
Q1 25
$13.0M
Q4 24
$17.6M
Q3 24
$3.3M
$25.5M
Q2 24
$10.2M
$8.8M
Q1 24
$2.1M
$11.1M
Gross Margin
CMCL
CMCL
SD
SD
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
SD
SD
Q4 25
38.5%
Q3 25
37.8%
Q2 25
53.7%
Q1 25
28.6%
Q4 24
25.9%
Q3 24
18.6%
28.3%
Q2 24
32.2%
23.9%
Q1 24
13.8%
27.8%
Net Margin
CMCL
CMCL
SD
SD
Q4 25
54.9%
Q3 25
40.1%
Q2 25
56.6%
Q1 25
30.6%
Q4 24
45.1%
Q3 24
7.0%
84.8%
Q2 24
20.3%
33.9%
Q1 24
5.4%
36.7%
EPS (diluted)
CMCL
CMCL
SD
SD
Q4 25
$0.59
Q3 25
$0.43
Q2 25
$0.53
Q1 25
$0.35
Q4 24
$0.46
Q3 24
$0.13
$0.69
Q2 24
$0.42
$0.24
Q1 24
$0.07
$0.30

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
SD
SD
Cash + ST InvestmentsLiquidity on hand
$7.2M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$510.9M
Total Assets
$339.7M
$644.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
SD
SD
Q4 25
$111.0M
Q3 25
$101.2M
Q2 25
$102.8M
Q1 25
$99.7M
Q4 24
$98.1M
Q3 24
$7.2M
$92.7M
Q2 24
$15.4M
$209.9M
Q1 24
$1.8M
$207.0M
Stockholders' Equity
CMCL
CMCL
SD
SD
Q4 25
$510.9M
Q3 25
$492.4M
Q2 25
$480.2M
Q1 25
$464.9M
Q4 24
$460.5M
Q3 24
$231.0M
$446.8M
Q2 24
$231.1M
$424.8M
Q1 24
$220.3M
$419.7M
Total Assets
CMCL
CMCL
SD
SD
Q4 25
$644.0M
Q3 25
$619.0M
Q2 25
$602.3M
Q1 25
$588.3M
Q4 24
$581.5M
Q3 24
$339.7M
$565.2M
Q2 24
$338.5M
$529.6M
Q1 24
$321.8M
$527.4M

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
SD
SD
Operating Cash FlowLast quarter
$4.6M
$31.7M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
36.6%
Capex IntensityCapex / Revenue
43.8%
Cash ConversionOCF / Net Profit
1.40×
1.46×
TTM Free Cash FlowTrailing 4 quarters
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
SD
SD
Q4 25
$31.7M
Q3 25
$25.3M
Q2 25
$22.9M
Q1 25
$20.3M
Q4 24
$26.0M
Q3 24
$4.6M
$20.8M
Q2 24
$19.1M
$11.4M
Q1 24
$15.7M
Free Cash Flow
CMCL
CMCL
SD
SD
Q4 25
$14.4M
Q3 25
$5.9M
Q2 25
$7.3M
Q1 25
$13.9M
Q4 24
$13.2M
Q3 24
$10.8M
Q2 24
$9.0M
Q1 24
$14.6M
FCF Margin
CMCL
CMCL
SD
SD
Q4 25
36.6%
Q3 25
14.9%
Q2 25
21.0%
Q1 25
32.7%
Q4 24
33.8%
Q3 24
36.1%
Q2 24
34.5%
Q1 24
48.1%
Capex Intensity
CMCL
CMCL
SD
SD
Q4 25
43.8%
Q3 25
48.6%
Q2 25
45.2%
Q1 25
15.0%
Q4 24
32.9%
Q3 24
33.3%
Q2 24
9.4%
Q1 24
3.7%
Cash Conversion
CMCL
CMCL
SD
SD
Q4 25
1.46×
Q3 25
1.58×
Q2 25
1.17×
Q1 25
1.56×
Q4 24
1.48×
Q3 24
1.40×
0.82×
Q2 24
1.87×
1.30×
Q1 24
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

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