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Side-by-side financial comparison of McEwen Inc. (MUX) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

UNITED STATES LIME & MINERALS INC is the larger business by last-quarter revenue ($87.9M vs $64.6M, roughly 1.4× McEwen Inc.). McEwen Inc. runs the higher net margin — 59.0% vs 34.7%, a 24.3% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs 9.8%). Over the past eight quarters, McEwen Inc.'s revenue compounded faster (25.2% CAGR vs 10.8%).

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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

MUX vs USLM — Head-to-Head

Bigger by revenue
USLM
USLM
1.4× larger
USLM
$87.9M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+82.9% gap
MUX
92.8%
9.8%
USLM
Higher net margin
MUX
MUX
24.3% more per $
MUX
59.0%
34.7%
USLM
Faster 2-yr revenue CAGR
MUX
MUX
Annualised
MUX
25.2%
10.8%
USLM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MUX
MUX
USLM
USLM
Revenue
$64.6M
$87.9M
Net Profit
$38.1M
$30.5M
Gross Margin
26.9%
48.0%
Operating Margin
34.2%
41.0%
Net Margin
59.0%
34.7%
Revenue YoY
92.8%
9.8%
Net Profit YoY
563.1%
13.2%
EPS (diluted)
$0.66
$1.06

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
USLM
USLM
Q4 25
$64.6M
$87.9M
Q3 25
$50.5M
$102.0M
Q2 25
$46.7M
$91.5M
Q1 25
$35.7M
$91.3M
Q4 24
$33.5M
$80.1M
Q3 24
$52.3M
$89.4M
Q2 24
$47.5M
$76.5M
Q1 24
$41.2M
$71.7M
Net Profit
MUX
MUX
USLM
USLM
Q4 25
$38.1M
$30.5M
Q3 25
$-462.0K
$38.8M
Q2 25
$3.0M
$30.8M
Q1 25
$-6.3M
$34.1M
Q4 24
$-8.2M
$27.0M
Q3 24
$-2.1M
$33.4M
Q2 24
$-13.0M
$26.1M
Q1 24
$-20.4M
$22.4M
Gross Margin
MUX
MUX
USLM
USLM
Q4 25
26.9%
48.0%
Q3 25
15.5%
51.2%
Q2 25
26.3%
45.8%
Q1 25
28.2%
50.6%
Q4 24
1.1%
44.3%
Q3 24
26.4%
48.2%
Q2 24
22.7%
45.5%
Q1 24
14.6%
42.7%
Operating Margin
MUX
MUX
USLM
USLM
Q4 25
34.2%
41.0%
Q3 25
-16.7%
45.3%
Q2 25
-7.2%
39.0%
Q1 25
-21.4%
43.7%
Q4 24
-43.4%
38.8%
Q3 24
-0.2%
42.6%
Q2 24
-29.4%
39.1%
Q1 24
-53.3%
35.9%
Net Margin
MUX
MUX
USLM
USLM
Q4 25
59.0%
34.7%
Q3 25
-0.9%
38.0%
Q2 25
6.5%
33.7%
Q1 25
-17.6%
37.4%
Q4 24
-24.6%
33.7%
Q3 24
-4.0%
37.3%
Q2 24
-27.4%
34.0%
Q1 24
-49.4%
31.3%
EPS (diluted)
MUX
MUX
USLM
USLM
Q4 25
$0.66
$1.06
Q3 25
$-0.01
$1.35
Q2 25
$0.06
$1.07
Q1 25
$-0.12
$1.19
Q4 24
$-0.15
$-2.20
Q3 24
$-0.04
$1.16
Q2 24
$-0.26
$0.91
Q1 24
$-0.41
$3.92

Balance Sheet & Financial Strength

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

Metric
MUX
MUX
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$72.1M
$371.1M
Total DebtLower is stronger
$126.2M
$0
Stockholders' EquityBook value
$546.2M
$630.8M
Total Assets
$820.2M
$681.0M
Debt / EquityLower = less leverage
0.23×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MUX
MUX
USLM
USLM
Q4 25
$72.1M
$371.1M
Q3 25
$75.4M
$349.5M
Q2 25
$69.5M
$319.9M
Q1 25
$79.3M
$300.6M
Q4 24
$15.3M
$278.0M
Q3 24
$30.2M
$255.0M
Q2 24
$42.6M
$222.5M
Q1 24
$22.0M
$207.0M
Total Debt
MUX
MUX
USLM
USLM
Q4 25
$126.2M
$0
Q3 25
$126.0M
$0
Q2 25
$125.8M
$0
Q1 25
$125.5M
$0
Q4 24
$40.0M
$0
Q3 24
$31.0M
$0
Q2 24
$34.0M
$0
Q1 24
$37.0M
$0
Stockholders' Equity
MUX
MUX
USLM
USLM
Q4 25
$546.2M
$630.8M
Q3 25
$488.6M
$602.3M
Q2 25
$484.5M
$563.3M
Q1 25
$479.8M
$532.2M
Q4 24
$495.0M
$497.7M
Q3 24
$502.1M
$474.2M
Q2 24
$485.2M
$441.1M
Q1 24
$482.5M
$415.3M
Total Assets
MUX
MUX
USLM
USLM
Q4 25
$820.2M
$681.0M
Q3 25
$747.6M
$652.8M
Q2 25
$735.6M
$607.4M
Q1 25
$730.6M
$585.3M
Q4 24
$664.6M
$543.2M
Q3 24
$667.8M
$521.8M
Q2 24
$645.1M
$484.2M
Q1 24
$638.7M
$464.0M
Debt / Equity
MUX
MUX
USLM
USLM
Q4 25
0.23×
0.00×
Q3 25
0.26×
0.00×
Q2 25
0.26×
0.00×
Q1 25
0.26×
0.00×
Q4 24
0.08×
0.00×
Q3 24
0.06×
0.00×
Q2 24
0.07×
0.00×
Q1 24
0.08×
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$3.1M
$45.6M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
29.2%
Capex IntensityCapex / Revenue
22.6%
Cash ConversionOCF / Net Profit
0.08×
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MUX
MUX
USLM
USLM
Q4 25
$3.1M
$45.6M
Q3 25
$5.2M
$45.9M
Q2 25
$478.0K
$34.0M
Q1 25
$-1.9M
$39.4M
Q4 24
$-1.2M
$38.6M
Q3 24
$23.2M
$39.0M
Q2 24
$3.6M
$21.2M
Q1 24
$3.9M
$27.2M
Free Cash Flow
MUX
MUX
USLM
USLM
Q4 25
$25.7M
Q3 25
$31.3M
Q2 25
$20.8M
Q1 25
$24.6M
Q4 24
$27.6M
Q3 24
$33.9M
Q2 24
$16.8M
Q1 24
$20.3M
FCF Margin
MUX
MUX
USLM
USLM
Q4 25
29.2%
Q3 25
30.7%
Q2 25
22.7%
Q1 25
26.9%
Q4 24
34.4%
Q3 24
37.9%
Q2 24
21.9%
Q1 24
28.4%
Capex Intensity
MUX
MUX
USLM
USLM
Q4 25
22.6%
Q3 25
14.4%
Q2 25
14.5%
Q1 25
16.3%
Q4 24
13.8%
Q3 24
5.8%
Q2 24
5.7%
Q1 24
9.5%
Cash Conversion
MUX
MUX
USLM
USLM
Q4 25
0.08×
1.49×
Q3 25
1.18×
Q2 25
0.16×
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×
Q1 24
1.21×

Financial Flow Comparison

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

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