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

McEwen Inc. is the larger business by last-quarter revenue ($64.6M vs $41.9M, roughly 1.5× Namib Minerals).

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.

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

MUX vs NAMM — Head-to-Head

Bigger by revenue
MUX
MUX
1.5× larger
MUX
$64.6M
$41.9M
NAMM

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MUX
MUX
NAMM
NAMM
Revenue
$64.6M
$41.9M
Net Profit
$38.1M
Gross Margin
26.9%
45.7%
Operating Margin
34.2%
29.8%
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
MUX
MUX
NAMM
NAMM
Q4 25
$64.6M
Q3 25
$50.5M
Q2 25
$46.7M
$41.9M
Q1 25
$35.7M
Q4 24
$33.5M
Q3 24
$52.3M
Q2 24
$47.5M
Q1 24
$41.2M
Net Profit
MUX
MUX
NAMM
NAMM
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
$-13.0M
Q1 24
$-20.4M
Gross Margin
MUX
MUX
NAMM
NAMM
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
45.7%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
MUX
MUX
NAMM
NAMM
Q4 25
34.2%
Q3 25
-16.7%
Q2 25
-7.2%
29.8%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
-29.4%
Q1 24
-53.3%
Net Margin
MUX
MUX
NAMM
NAMM
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
-27.4%
Q1 24
-49.4%
EPS (diluted)
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
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
MUX
MUX
NAMM
NAMM
Operating Cash FlowLast quarter
$3.1M
$11.4M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
17.6%
Capex IntensityCapex / Revenue
9.6%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MUX
MUX
NAMM
NAMM
Q4 25
$3.1M
Q3 25
$5.2M
Q2 25
$478.0K
$11.4M
Q1 25
$-1.9M
Q4 24
$-1.2M
Q3 24
$23.2M
Q2 24
$3.6M
Q1 24
$3.9M
Free Cash Flow
MUX
MUX
NAMM
NAMM
Q4 25
Q3 25
Q2 25
$7.4M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MUX
MUX
NAMM
NAMM
Q4 25
Q3 25
Q2 25
17.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MUX
MUX
NAMM
NAMM
Q4 25
Q3 25
Q2 25
9.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
MUX
MUX
NAMM
NAMM
Q4 25
0.08×
Q3 25
Q2 25
0.16×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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