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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and SolarMax Technology, Inc. (SMXT). 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 $46.6M, roughly 1.0× SolarMax Technology, Inc.). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -1.9%, a 8.9% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 13.8%).

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.

SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.

CMCL vs SMXT — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.0× larger
CMCL
$46.9M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+609.7% gap
SMXT
623.5%
13.8%
CMCL
Higher net margin
CMCL
CMCL
8.9% more per $
CMCL
7.0%
-1.9%
SMXT

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
SMXT
SMXT
Revenue
$46.9M
$46.6M
Net Profit
$3.3M
$-872.2K
Gross Margin
41.2%
2.7%
Operating Margin
18.6%
-2.7%
Net Margin
7.0%
-1.9%
Revenue YoY
13.8%
623.5%
Net Profit YoY
-33.3%
77.7%
EPS (diluted)
$0.13
$-0.02

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
SMXT
SMXT
Q4 25
$46.6M
Q3 25
$30.6M
Q2 25
$6.9M
Q1 25
$6.9M
Q4 24
$6.4M
Q3 24
$46.9M
$6.3M
Q2 24
$50.1M
Q1 24
$38.5M
Net Profit
CMCL
CMCL
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$-2.3M
Q2 25
$-1.9M
Q1 25
$-1.3M
Q4 24
$-3.9M
Q3 24
$3.3M
$-9.6M
Q2 24
$10.2M
Q1 24
$2.1M
Gross Margin
CMCL
CMCL
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
41.2%
19.9%
Q2 24
45.8%
Q1 24
35.9%
Operating Margin
CMCL
CMCL
SMXT
SMXT
Q4 25
-2.7%
Q3 25
-6.9%
Q2 25
-25.7%
Q1 25
-16.7%
Q4 24
-27.9%
Q3 24
18.6%
-158.4%
Q2 24
32.2%
Q1 24
13.8%
Net Margin
CMCL
CMCL
SMXT
SMXT
Q4 25
-1.9%
Q3 25
-7.4%
Q2 25
-27.6%
Q1 25
-18.7%
Q4 24
-60.6%
Q3 24
7.0%
-152.0%
Q2 24
20.3%
Q1 24
5.4%
EPS (diluted)
CMCL
CMCL
SMXT
SMXT
Q4 25
$-0.02
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$-0.07
Q3 24
$0.13
$-0.21
Q2 24
$0.42
Q1 24
$0.07

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$7.2M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$-12.2M
Total Assets
$339.7M
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
SMXT
SMXT
Q4 25
$8.0M
Q3 25
$5.7M
Q2 25
$1.9M
Q1 25
$6.8M
Q4 24
$7.1M
Q3 24
$7.2M
$8.6M
Q2 24
$15.4M
Q1 24
$1.8M
Stockholders' Equity
CMCL
CMCL
SMXT
SMXT
Q4 25
$-12.2M
Q3 25
$-11.8M
Q2 25
$-15.1M
Q1 25
$-15.9M
Q4 24
$-15.1M
Q3 24
$231.0M
$-10.9M
Q2 24
$231.1M
Q1 24
$220.3M
Total Assets
CMCL
CMCL
SMXT
SMXT
Q4 25
$91.3M
Q3 25
$58.7M
Q2 25
$38.2M
Q1 25
$38.6M
Q4 24
$38.6M
Q3 24
$339.7M
$43.0M
Q2 24
$338.5M
Q1 24
$321.8M

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
SMXT
SMXT
Operating Cash FlowLast quarter
$4.6M
$-2.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
SMXT
SMXT
Q4 25
$-2.5M
Q3 25
$3.4M
Q2 25
$220.7K
Q1 25
$-601.1K
Q4 24
$-1.3M
Q3 24
$4.6M
$203.6K
Q2 24
$19.1M
Q1 24
Capex Intensity
CMCL
CMCL
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
CMCL
CMCL
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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