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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.

Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $46.9M, roughly 1.6× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -20.3%, a 27.3% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 13.8%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 0.7%).

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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

CMCL vs TH — Head-to-Head

Bigger by revenue
TH
TH
1.6× larger
TH
$73.5M
$46.9M
CMCL
Growing faster (revenue YoY)
TH
TH
+8.2% gap
TH
22.0%
13.8%
CMCL
Higher net margin
CMCL
CMCL
27.3% more per $
CMCL
7.0%
-20.3%
TH
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
0.7%
TH

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
CMCL
CMCL
TH
TH
Revenue
$46.9M
$73.5M
Net Profit
$3.3M
$-14.9M
Gross Margin
41.2%
9.6%
Operating Margin
18.6%
-22.9%
Net Margin
7.0%
-20.3%
Revenue YoY
13.8%
22.0%
Net Profit YoY
-33.3%
-219.1%
EPS (diluted)
$0.13
$-0.14

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
TH
TH
Q4 25
$73.5M
Q3 25
$91.6M
Q2 25
$54.9M
Q1 25
$54.9M
Q4 24
$60.2M
Q3 24
$46.9M
$65.8M
Q2 24
$50.1M
$67.5M
Q1 24
$38.5M
$72.4M
Net Profit
CMCL
CMCL
TH
TH
Q4 25
$-14.9M
Q3 25
$-795.0K
Q2 25
$-14.9M
Q1 25
$-6.5M
Q4 24
$12.5M
Q3 24
$3.3M
$20.0M
Q2 24
$10.2M
$18.4M
Q1 24
$2.1M
$20.4M
Gross Margin
CMCL
CMCL
TH
TH
Q4 25
9.6%
Q3 25
19.6%
Q2 25
-0.6%
Q1 25
32.7%
Q4 24
61.5%
Q3 24
41.2%
68.7%
Q2 24
45.8%
69.4%
Q1 24
35.9%
67.8%
Operating Margin
CMCL
CMCL
TH
TH
Q4 25
-22.9%
Q3 25
0.1%
Q2 25
-30.8%
Q1 25
-2.0%
Q4 24
34.5%
Q3 24
18.6%
42.5%
Q2 24
32.2%
43.8%
Q1 24
13.8%
42.0%
Net Margin
CMCL
CMCL
TH
TH
Q4 25
-20.3%
Q3 25
-0.9%
Q2 25
-27.2%
Q1 25
-11.8%
Q4 24
20.8%
Q3 24
7.0%
30.4%
Q2 24
20.3%
27.2%
Q1 24
5.4%
28.2%
EPS (diluted)
CMCL
CMCL
TH
TH
Q4 25
$-0.14
Q3 25
$-0.01
Q2 25
$-0.15
Q1 25
$-0.07
Q4 24
$0.12
Q3 24
$0.13
$0.20
Q2 24
$0.42
$0.18
Q1 24
$0.07
$0.20

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
TH
TH
Cash + ST InvestmentsLiquidity on hand
$7.2M
$8.3M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$231.0M
$389.3M
Total Assets
$339.7M
$530.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
TH
TH
Q4 25
$8.3M
Q3 25
$30.4M
Q2 25
$19.2M
Q1 25
$34.5M
Q4 24
$190.7M
Q3 24
$7.2M
$177.7M
Q2 24
$15.4M
$154.3M
Q1 24
$1.8M
$124.3M
Total Debt
CMCL
CMCL
TH
TH
Q4 25
$1.7M
Q3 25
$2.0M
Q2 25
$26.3M
Q1 25
$42.9M
Q4 24
$1.5M
Q3 24
$994.0K
Q2 24
$1.1M
Q1 24
$179.9M
Stockholders' Equity
CMCL
CMCL
TH
TH
Q4 25
$389.3M
Q3 25
$402.4M
Q2 25
$401.3M
Q1 25
$415.3M
Q4 24
$421.1M
Q3 24
$231.0M
$417.6M
Q2 24
$231.1M
$397.2M
Q1 24
$220.3M
$375.5M
Total Assets
CMCL
CMCL
TH
TH
Q4 25
$530.2M
Q3 25
$541.2M
Q2 25
$533.7M
Q1 25
$562.5M
Q4 24
$725.8M
Q3 24
$339.7M
$709.8M
Q2 24
$338.5M
$697.0M
Q1 24
$321.8M
$687.2M
Debt / Equity
CMCL
CMCL
TH
TH
Q4 25
0.00×
Q3 25
0.01×
Q2 25
0.07×
Q1 25
0.10×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.48×

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
TH
TH
Operating Cash FlowLast quarter
$4.6M
$5.7M
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
TH
TH
Q4 25
$5.7M
Q3 25
$53.4M
Q2 25
$11.1M
Q1 25
$3.9M
Q4 24
$30.6M
Q3 24
$4.6M
$31.4M
Q2 24
$19.1M
$39.1M
Q1 24
$50.6M
Free Cash Flow
CMCL
CMCL
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
$-11.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CMCL
CMCL
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
-21.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CMCL
CMCL
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
28.2%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CMCL
CMCL
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.44×
Q3 24
1.40×
1.57×
Q2 24
1.87×
2.13×
Q1 24
2.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMCL
CMCL

Segment breakdown not available.

TH
TH

Services$40.9M56%
Hospitality And Facilities Services South$32.6M44%

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