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

Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $46.9M, roughly 1.6× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -119.8%, a 126.8% gap on every dollar of revenue. Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs -64.0%).

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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

CMCL vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.6× larger
TSAT
$73.8M
$46.9M
CMCL
Higher net margin
CMCL
CMCL
126.8% more per $
CMCL
7.0%
-119.8%
TSAT
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
-64.0%
TSAT

Income Statement — Q3 FY2024 vs Q3 FY2025

Metric
CMCL
CMCL
TSAT
TSAT
Revenue
$46.9M
$73.8M
Net Profit
$3.3M
$-88.4M
Gross Margin
41.2%
95.3%
Operating Margin
18.6%
5.9%
Net Margin
7.0%
-119.8%
Revenue YoY
13.8%
Net Profit YoY
-33.3%
EPS (diluted)
$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
TSAT
TSAT
Q3 25
$73.8M
Q2 25
$77.5M
Q1 25
$152.2M
Q3 24
$46.9M
Q2 24
$50.1M
$363.2M
Q1 24
$38.5M
Q4 23
$38.7M
Q3 23
$41.2M
$552.5M
Net Profit
CMCL
CMCL
TSAT
TSAT
Q3 25
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q3 24
$3.3M
Q2 24
$10.2M
$547.4M
Q1 24
$2.1M
Q4 23
$-2.6M
Q3 23
$4.9M
$-172.5M
Gross Margin
CMCL
CMCL
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q3 24
41.2%
Q2 24
45.8%
Q1 24
35.9%
Q4 23
27.3%
Q3 23
34.3%
Operating Margin
CMCL
CMCL
TSAT
TSAT
Q3 25
5.9%
Q2 25
16.8%
Q1 25
Q3 24
18.6%
Q2 24
32.2%
Q1 24
13.8%
Q4 23
6.0%
Q3 23
22.4%
Net Margin
CMCL
CMCL
TSAT
TSAT
Q3 25
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q3 24
7.0%
Q2 24
20.3%
150.7%
Q1 24
5.4%
Q4 23
-6.7%
Q3 23
12.0%
-31.2%
EPS (diluted)
CMCL
CMCL
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q3 24
$0.13
Q2 24
$0.42
Q1 24
$0.07
Q4 23
$-0.19
Q3 23
$0.21

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$7.2M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$1.6B
Total Assets
$339.7M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
TSAT
TSAT
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q3 24
$7.2M
Q2 24
$15.4M
$1.7B
Q1 24
$1.8M
Q4 23
$6.7M
Q3 23
$10.8M
$1.7B
Stockholders' Equity
CMCL
CMCL
TSAT
TSAT
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q3 24
$231.0M
Q2 24
$231.1M
$2.4B
Q1 24
$220.3M
Q4 23
$224.2M
Q3 23
$226.6M
$1.8B
Total Assets
CMCL
CMCL
TSAT
TSAT
Q3 25
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q3 24
$339.7M
Q2 24
$338.5M
$6.3B
Q1 24
$321.8M
Q4 23
$328.3M
Q3 23
$320.3M
$6.5B

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
TSAT
TSAT
Operating Cash FlowLast quarter
$4.6M
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
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q3 24
$4.6M
Q2 24
$19.1M
Q1 24
Q4 23
Q3 23
$14.5M
Cash Conversion
CMCL
CMCL
TSAT
TSAT
Q3 25
Q2 25
Q1 25
Q3 24
1.40×
Q2 24
1.87×
Q1 24
Q4 23
Q3 23
2.94×

Financial Flow Comparison

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

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