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Side-by-side financial comparison of Galiano Gold Inc. (GAU) and McEwen Inc. (MUX). Click either name above to swap in a different company.

Galiano Gold Inc. is the larger business by last-quarter revenue ($166.8M vs $64.6M, roughly 2.6× McEwen Inc.). Over the past eight quarters, McEwen Inc.'s revenue compounded faster (25.2% CAGR vs 1.3%).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

GAU vs MUX — Head-to-Head

Bigger by revenue
GAU
GAU
2.6× larger
GAU
$166.8M
$64.6M
MUX
Faster 2-yr revenue CAGR
MUX
MUX
Annualised
MUX
25.2%
1.3%
GAU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GAU
GAU
MUX
MUX
Revenue
$166.8M
$64.6M
Net Profit
$38.1M
Gross Margin
26.9%
Operating Margin
24.3%
34.2%
Net Margin
59.0%
Revenue YoY
92.8%
Net Profit YoY
563.1%
EPS (diluted)
$0.66

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
GAU
GAU
MUX
MUX
Q4 25
$64.6M
Q3 25
$166.8M
$50.5M
Q2 25
$95.7M
$46.7M
Q1 25
$31.7M
$35.7M
Q4 24
$33.5M
Q3 24
$71.1M
$52.3M
Q2 24
$64.0M
$47.5M
Q1 24
$31.7M
$41.2M
Net Profit
GAU
GAU
MUX
MUX
Q4 25
$38.1M
Q3 25
$-462.0K
Q2 25
$4.1M
$3.0M
Q1 25
$-3.2M
$-6.3M
Q4 24
$-8.2M
Q3 24
$1.1M
$-2.1M
Q2 24
$8.8M
$-13.0M
Q1 24
$-20.4M
Gross Margin
GAU
GAU
MUX
MUX
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
GAU
GAU
MUX
MUX
Q4 25
34.2%
Q3 25
24.3%
-16.7%
Q2 25
18.4%
-7.2%
Q1 25
8.2%
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
-29.4%
Q1 24
17.2%
-53.3%
Net Margin
GAU
GAU
MUX
MUX
Q4 25
59.0%
Q3 25
-0.9%
Q2 25
4.3%
6.5%
Q1 25
-10.1%
-17.6%
Q4 24
-24.6%
Q3 24
1.5%
-4.0%
Q2 24
13.8%
-27.4%
Q1 24
-49.4%
EPS (diluted)
GAU
GAU
MUX
MUX
Q4 25
$0.66
Q3 25
$-0.01
Q2 25
$0.06
Q1 25
$-0.12
Q4 24
$-0.15
Q3 24
$-0.04
Q2 24
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
GAU
GAU
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$546.2M
Total Assets
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAU
GAU
MUX
MUX
Q4 25
$72.1M
Q3 25
$75.4M
Q2 25
$69.5M
Q1 25
$79.3M
Q4 24
$15.3M
Q3 24
$30.2M
Q2 24
$42.6M
Q1 24
$22.0M
Total Debt
GAU
GAU
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
GAU
GAU
MUX
MUX
Q4 25
$546.2M
Q3 25
$488.6M
Q2 25
$484.5M
Q1 25
$479.8M
Q4 24
$495.0M
Q3 24
$502.1M
Q2 24
$485.2M
Q1 24
$482.5M
Total Assets
GAU
GAU
MUX
MUX
Q4 25
$820.2M
Q3 25
$747.6M
Q2 25
$735.6M
Q1 25
$730.6M
Q4 24
$664.6M
Q3 24
$667.8M
Q2 24
$645.1M
Q1 24
$638.7M
Debt / Equity
GAU
GAU
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GAU
GAU
MUX
MUX
Operating Cash FlowLast quarter
$41.9M
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAU
GAU
MUX
MUX
Q4 25
$3.1M
Q3 25
$41.9M
$5.2M
Q2 25
$17.5M
$478.0K
Q1 25
$13.0M
$-1.9M
Q4 24
$-1.2M
Q3 24
$28.6M
$23.2M
Q2 24
$9.2M
$3.6M
Q1 24
$3.9M
Cash Conversion
GAU
GAU
MUX
MUX
Q4 25
0.08×
Q3 25
Q2 25
4.30×
0.16×
Q1 25
Q4 24
Q3 24
26.04×
Q2 24
1.05×
Q1 24

Financial Flow Comparison

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

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