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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $46.9M, roughly 2.0× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -5.9%, a 12.9% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs 7.2%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 15.0%).

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.

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

CMCL vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
2.0× larger
SHEN
$91.6M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+6.6% gap
CMCL
13.8%
7.2%
SHEN
Higher net margin
CMCL
CMCL
12.9% more per $
CMCL
7.0%
-5.9%
SHEN
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
15.0%
SHEN

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
SHEN
SHEN
Revenue
$46.9M
$91.6M
Net Profit
$3.3M
$-5.4M
Gross Margin
41.2%
Operating Margin
18.6%
-1.0%
Net Margin
7.0%
-5.9%
Revenue YoY
13.8%
7.2%
Net Profit YoY
-33.3%
-95.8%
EPS (diluted)
$0.13
$-0.13

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
SHEN
SHEN
Q4 25
$91.6M
Q3 25
$89.8M
Q2 25
$88.6M
Q1 25
$87.9M
Q4 24
$85.4M
Q3 24
$46.9M
$87.6M
Q2 24
$50.1M
$85.8M
Q1 24
$38.5M
$69.2M
Net Profit
CMCL
CMCL
SHEN
SHEN
Q4 25
$-5.4M
Q3 25
$-9.4M
Q2 25
$-9.0M
Q1 25
$-9.1M
Q4 24
$-2.7M
Q3 24
$3.3M
$-5.3M
Q2 24
$10.2M
$-12.9M
Q1 24
$2.1M
$214.7M
Gross Margin
CMCL
CMCL
SHEN
SHEN
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
SHEN
SHEN
Q4 25
-1.0%
Q3 25
-8.0%
Q2 25
-10.3%
Q1 25
-6.9%
Q4 24
-6.7%
Q3 24
18.6%
-4.8%
Q2 24
32.2%
-18.5%
Q1 24
13.8%
-4.0%
Net Margin
CMCL
CMCL
SHEN
SHEN
Q4 25
-5.9%
Q3 25
-10.5%
Q2 25
-10.2%
Q1 25
-10.4%
Q4 24
-3.2%
Q3 24
7.0%
-6.0%
Q2 24
20.3%
-15.0%
Q1 24
5.4%
310.0%
EPS (diluted)
CMCL
CMCL
SHEN
SHEN
Q4 25
$-0.13
Q3 25
$-0.20
Q2 25
$-0.19
Q1 25
$-0.19
Q4 24
$-0.34
Q3 24
$0.13
$-0.13
Q2 24
$0.42
$-0.24
Q1 24
$0.07
$4.25

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$7.2M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$231.0M
$880.8M
Total Assets
$339.7M
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
SHEN
SHEN
Q4 25
$27.3M
Q3 25
$22.6M
Q2 25
$29.1M
Q1 25
$87.5M
Q4 24
$46.3M
Q3 24
$7.2M
$43.1M
Q2 24
$15.4M
$43.8M
Q1 24
$1.8M
$389.7M
Total Debt
CMCL
CMCL
SHEN
SHEN
Q4 25
$642.4M
Q3 25
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
CMCL
CMCL
SHEN
SHEN
Q4 25
$880.8M
Q3 25
$892.7M
Q2 25
$902.0M
Q1 25
$910.5M
Q4 24
$918.6M
Q3 24
$231.0M
$925.4M
Q2 24
$231.1M
$933.1M
Q1 24
$220.3M
$871.6M
Total Assets
CMCL
CMCL
SHEN
SHEN
Q4 25
$1.9B
Q3 25
$1.9B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.7B
Q3 24
$339.7M
$1.7B
Q2 24
$338.5M
$1.7B
Q1 24
$321.8M
$1.4B
Debt / Equity
CMCL
CMCL
SHEN
SHEN
Q4 25
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$4.6M
$28.8M
Free Cash FlowOCF − Capex
$-78.6M
FCF MarginFCF / Revenue
-85.8%
Capex IntensityCapex / Revenue
117.2%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
SHEN
SHEN
Q4 25
$28.8M
Q3 25
$30.7M
Q2 25
$20.9M
Q1 25
$20.5M
Q4 24
$20.6M
Q3 24
$4.6M
$24.3M
Q2 24
$19.1M
$2.5M
Q1 24
$15.2M
Free Cash Flow
CMCL
CMCL
SHEN
SHEN
Q4 25
$-78.6M
Q3 25
$-51.4M
Q2 25
$-65.3M
Q1 25
$-62.7M
Q4 24
$-72.0M
Q3 24
$-51.3M
Q2 24
$-78.3M
Q1 24
$-54.9M
FCF Margin
CMCL
CMCL
SHEN
SHEN
Q4 25
-85.8%
Q3 25
-57.2%
Q2 25
-73.7%
Q1 25
-71.3%
Q4 24
-84.3%
Q3 24
-58.5%
Q2 24
-91.3%
Q1 24
-79.3%
Capex Intensity
CMCL
CMCL
SHEN
SHEN
Q4 25
117.2%
Q3 25
91.4%
Q2 25
97.3%
Q1 25
94.7%
Q4 24
108.4%
Q3 24
86.2%
Q2 24
94.2%
Q1 24
101.2%
Cash Conversion
CMCL
CMCL
SHEN
SHEN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.40×
Q2 24
1.87×
Q1 24
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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