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

McEwen Inc. is the larger business by last-quarter revenue ($64.6M vs $58.4M, roughly 1.1× Karooooo Ltd.). McEwen Inc. runs the higher net margin — 59.0% vs 20.8%, a 38.2% gap on every dollar of revenue.

Karooooo Ltd is a global mobility telematics provider operating primarily under its Cartrack brand. It delivers connected vehicle solutions, fleet management services, stolen vehicle recovery support, and driver safety tools, serving both individual consumers and enterprise clients across Africa, Europe, and the Asia Pacific region.

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.

KARO vs MUX — Head-to-Head

Bigger by revenue
MUX
MUX
1.1× larger
MUX
$64.6M
$58.4M
KARO
Higher net margin
MUX
MUX
38.2% more per $
MUX
59.0%
20.8%
KARO

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
KARO
KARO
MUX
MUX
Revenue
$58.4M
$64.6M
Net Profit
$12.2M
$38.1M
Gross Margin
69.1%
26.9%
Operating Margin
27.7%
34.2%
Net Margin
20.8%
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
KARO
KARO
MUX
MUX
Q4 25
$64.6M
Q3 25
$50.5M
Q2 25
$46.7M
Q1 25
$35.7M
Q4 24
$33.5M
Q3 24
$52.3M
Q2 24
$58.4M
$47.5M
Q1 24
$41.2M
Net Profit
KARO
KARO
MUX
MUX
Q4 25
$38.1M
Q3 25
$-462.0K
Q2 25
$3.0M
Q1 25
$-6.3M
Q4 24
$-8.2M
Q3 24
$-2.1M
Q2 24
$12.2M
$-13.0M
Q1 24
$-20.4M
Gross Margin
KARO
KARO
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
69.1%
22.7%
Q1 24
14.6%
Operating Margin
KARO
KARO
MUX
MUX
Q4 25
34.2%
Q3 25
-16.7%
Q2 25
-7.2%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
27.7%
-29.4%
Q1 24
-53.3%
Net Margin
KARO
KARO
MUX
MUX
Q4 25
59.0%
Q3 25
-0.9%
Q2 25
6.5%
Q1 25
-17.6%
Q4 24
-24.6%
Q3 24
-4.0%
Q2 24
20.8%
-27.4%
Q1 24
-49.4%
EPS (diluted)
KARO
KARO
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
KARO
KARO
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$53.8M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$170.4M
$546.2M
Total Assets
$246.5M
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KARO
KARO
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
$53.8M
$42.6M
Q1 24
$22.0M
Total Debt
KARO
KARO
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
KARO
KARO
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
$170.4M
$485.2M
Q1 24
$482.5M
Total Assets
KARO
KARO
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
$246.5M
$645.1M
Q1 24
$638.7M
Debt / Equity
KARO
KARO
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
KARO
KARO
MUX
MUX
Operating Cash FlowLast quarter
$45.2M
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.71×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KARO
KARO
MUX
MUX
Q4 25
$3.1M
Q3 25
$5.2M
Q2 25
$478.0K
Q1 25
$-1.9M
Q4 24
$-1.2M
Q3 24
$23.2M
Q2 24
$45.2M
$3.6M
Q1 24
$3.9M
Cash Conversion
KARO
KARO
MUX
MUX
Q4 25
0.08×
Q3 25
Q2 25
0.16×
Q1 25
Q4 24
Q3 24
Q2 24
3.71×
Q1 24

Financial Flow Comparison

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

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