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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and WEST BANCORPORATION INC (WTBA). 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 $26.9M, roughly 1.7× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 7.0%, a 32.2% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 13.8%). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 17.1%).

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.

West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.

CMCL vs WTBA — Head-to-Head

Bigger by revenue
CMCL
CMCL
1.7× larger
CMCL
$46.9M
$26.9M
WTBA
Growing faster (revenue YoY)
WTBA
WTBA
+2.8% gap
WTBA
16.6%
13.8%
CMCL
Higher net margin
WTBA
WTBA
32.2% more per $
WTBA
39.2%
7.0%
CMCL
Faster 2-yr revenue CAGR
WTBA
WTBA
Annualised
WTBA
17.3%
17.1%
CMCL

Income Statement — Q3 FY2024 vs Q1 FY2026

Metric
CMCL
CMCL
WTBA
WTBA
Revenue
$46.9M
$26.9M
Net Profit
$3.3M
$10.6M
Gross Margin
41.2%
Operating Margin
18.6%
50.0%
Net Margin
7.0%
39.2%
Revenue YoY
13.8%
16.6%
Net Profit YoY
-33.3%
34.8%
EPS (diluted)
$0.13
$0.61

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
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$24.2M
Q3 25
$25.0M
Q2 25
$23.8M
Q1 25
$23.1M
Q4 24
$20.9M
Q3 24
$46.9M
$20.3M
Q2 24
$50.1M
$19.6M
Net Profit
CMCL
CMCL
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$7.4M
Q3 25
$9.3M
Q2 25
$8.0M
Q1 25
$7.8M
Q4 24
$7.1M
Q3 24
$3.3M
$6.0M
Q2 24
$10.2M
$5.2M
Gross Margin
CMCL
CMCL
WTBA
WTBA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
41.2%
Q2 24
45.8%
Operating Margin
CMCL
CMCL
WTBA
WTBA
Q1 26
50.0%
Q4 25
39.6%
Q3 25
45.8%
Q2 25
43.4%
Q1 25
43.4%
Q4 24
30.9%
Q3 24
18.6%
36.6%
Q2 24
32.2%
32.6%
Net Margin
CMCL
CMCL
WTBA
WTBA
Q1 26
39.2%
Q4 25
30.7%
Q3 25
37.3%
Q2 25
33.5%
Q1 25
34.0%
Q4 24
34.0%
Q3 24
7.0%
29.3%
Q2 24
20.3%
26.5%
EPS (diluted)
CMCL
CMCL
WTBA
WTBA
Q1 26
$0.61
Q4 25
$0.44
Q3 25
$0.55
Q2 25
$0.47
Q1 25
$0.46
Q4 24
$0.41
Q3 24
$0.13
$0.35
Q2 24
$0.42
$0.31

Balance Sheet & Financial Strength

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

Metric
CMCL
CMCL
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$7.2M
$362.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.0M
$270.7M
Total Assets
$339.7M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCL
CMCL
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$471.1M
Q3 25
$232.9M
Q2 25
$345.2M
Q1 25
Q4 24
$243.5M
Q3 24
$7.2M
Q2 24
$15.4M
Stockholders' Equity
CMCL
CMCL
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$266.0M
Q3 25
$255.1M
Q2 25
$240.9M
Q1 25
$237.9M
Q4 24
$227.9M
Q3 24
$231.0M
$235.4M
Q2 24
$231.1M
$223.9M
Total Assets
CMCL
CMCL
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$4.1B
Q3 25
$4.0B
Q2 25
$4.1B
Q1 25
$4.0B
Q4 24
$4.0B
Q3 24
$339.7M
$4.0B
Q2 24
$338.5M
$4.0B

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
WTBA
WTBA
Operating Cash FlowLast quarter
$4.6M
$12.9M
Free Cash FlowOCF − Capex
$12.4M
FCF MarginFCF / Revenue
46.0%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.40×
1.22×
TTM Free Cash FlowTrailing 4 quarters
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCL
CMCL
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$46.5M
Q3 25
$11.4M
Q2 25
$13.5M
Q1 25
$9.7M
Q4 24
$39.8M
Q3 24
$4.6M
$12.9M
Q2 24
$19.1M
$10.0M
Free Cash Flow
CMCL
CMCL
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$43.2M
Q3 25
$10.8M
Q2 25
$12.8M
Q1 25
$8.3M
Q4 24
$13.7M
Q3 24
$7.0M
Q2 24
$2.7M
FCF Margin
CMCL
CMCL
WTBA
WTBA
Q1 26
46.0%
Q4 25
178.3%
Q3 25
43.0%
Q2 25
53.6%
Q1 25
35.7%
Q4 24
65.6%
Q3 24
34.2%
Q2 24
14.0%
Capex Intensity
CMCL
CMCL
WTBA
WTBA
Q1 26
1.8%
Q4 25
13.7%
Q3 25
2.6%
Q2 25
3.2%
Q1 25
6.5%
Q4 24
125.3%
Q3 24
29.4%
Q2 24
37.1%
Cash Conversion
CMCL
CMCL
WTBA
WTBA
Q1 26
1.22×
Q4 25
6.26×
Q3 25
1.23×
Q2 25
1.70×
Q1 25
1.24×
Q4 24
5.61×
Q3 24
1.40×
2.17×
Q2 24
1.87×
1.93×

Financial Flow Comparison

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

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