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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and Spok Holdings, Inc (SPOK). 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 $33.9M, roughly 1.4× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs 7.0%, a 1.6% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -0.1%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -1.5%).

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.

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

CMCL vs SPOK — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.4× larger
CMCL
$46.9M
$33.9M
SPOK
Growing faster (revenue YoY)
CMCL
CMCL
+13.9% gap
CMCL
13.8%
-0.1%
SPOK
Higher net margin
SPOK
SPOK
1.6% more per $
SPOK
8.7%
7.0%
CMCL
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-1.5%
SPOK

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
SPOK
SPOK
Revenue
$46.9M
$33.9M
Net Profit
$3.3M
$2.9M
Gross Margin
41.2%
76.7%
Operating Margin
18.6%
11.6%
Net Margin
7.0%
8.7%
Revenue YoY
13.8%
-0.1%
Net Profit YoY
-33.3%
-19.6%
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
SPOK
SPOK
Q4 25
$33.9M
Q3 25
$33.9M
Q2 25
$35.7M
Q1 25
$36.3M
Q4 24
$33.9M
Q3 24
$46.9M
$34.9M
Q2 24
$50.1M
$34.0M
Q1 24
$38.5M
$34.9M
Net Profit
CMCL
CMCL
SPOK
SPOK
Q4 25
$2.9M
Q3 25
$3.2M
Q2 25
$4.6M
Q1 25
$5.2M
Q4 24
$3.6M
Q3 24
$3.3M
$3.7M
Q2 24
$10.2M
$3.4M
Q1 24
$2.1M
$4.2M
Gross Margin
CMCL
CMCL
SPOK
SPOK
Q4 25
76.7%
Q3 25
78.3%
Q2 25
79.5%
Q1 25
80.1%
Q4 24
78.5%
Q3 24
41.2%
79.5%
Q2 24
45.8%
78.9%
Q1 24
35.9%
79.5%
Operating Margin
CMCL
CMCL
SPOK
SPOK
Q4 25
11.6%
Q3 25
12.9%
Q2 25
15.1%
Q1 25
16.6%
Q4 24
13.7%
Q3 24
18.6%
14.2%
Q2 24
32.2%
13.2%
Q1 24
13.8%
14.0%
Net Margin
CMCL
CMCL
SPOK
SPOK
Q4 25
8.7%
Q3 25
9.5%
Q2 25
12.8%
Q1 25
14.3%
Q4 24
10.8%
Q3 24
7.0%
10.5%
Q2 24
20.3%
10.1%
Q1 24
5.4%
12.1%
EPS (diluted)
CMCL
CMCL
SPOK
SPOK
Q4 25
$0.13
Q3 25
$0.15
Q2 25
$0.22
Q1 25
$0.25
Q4 24
$0.17
Q3 24
$0.13
$0.18
Q2 24
$0.42
$0.17
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
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$7.2M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$146.4M
Total Assets
$339.7M
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
SPOK
SPOK
Q4 25
$25.3M
Q3 25
$21.4M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$29.1M
Q3 24
$7.2M
$27.8M
Q2 24
$15.4M
$23.9M
Q1 24
$1.8M
$23.3M
Stockholders' Equity
CMCL
CMCL
SPOK
SPOK
Q4 25
$146.4M
Q3 25
$148.7M
Q2 25
$150.9M
Q1 25
$151.7M
Q4 24
$154.7M
Q3 24
$231.0M
$156.3M
Q2 24
$231.1M
$158.2M
Q1 24
$220.3M
$160.2M
Total Assets
CMCL
CMCL
SPOK
SPOK
Q4 25
$206.1M
Q3 25
$209.7M
Q2 25
$208.7M
Q1 25
$204.5M
Q4 24
$217.1M
Q3 24
$339.7M
$216.8M
Q2 24
$338.5M
$216.4M
Q1 24
$321.8M
$215.0M

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
SPOK
SPOK
Operating Cash FlowLast quarter
$4.6M
$11.5M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
29.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.40×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
SPOK
SPOK
Q4 25
$11.5M
Q3 25
$8.1M
Q2 25
$7.0M
Q1 25
$2.3M
Q4 24
$8.4M
Q3 24
$4.6M
$11.1M
Q2 24
$19.1M
$7.4M
Q1 24
$2.0M
Free Cash Flow
CMCL
CMCL
SPOK
SPOK
Q4 25
$10.1M
Q3 25
$7.6M
Q2 25
$6.0M
Q1 25
$1.5M
Q4 24
$7.5M
Q3 24
$10.3M
Q2 24
$6.8M
Q1 24
$1.1M
FCF Margin
CMCL
CMCL
SPOK
SPOK
Q4 25
29.9%
Q3 25
22.4%
Q2 25
16.8%
Q1 25
4.2%
Q4 24
22.3%
Q3 24
29.4%
Q2 24
20.0%
Q1 24
3.2%
Capex Intensity
CMCL
CMCL
SPOK
SPOK
Q4 25
4.1%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
1.9%
Q1 24
2.5%
Cash Conversion
CMCL
CMCL
SPOK
SPOK
Q4 25
3.93×
Q3 25
2.54×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
2.31×
Q3 24
1.40×
3.03×
Q2 24
1.87×
2.17×
Q1 24
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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