Caledonia Mining Corp vs Drdgold
Drdgold is the larger business, with $661m of revenue in fiscal 2026 against $268m for Caledonia Mining Corp (2.5 times as much). Drdgold grew faster (52.3% against 46.2%). Drdgold kept more of each dollar of sales as profit: a net margin of 38.1% against 20.6%. Drdgold carries less debt relative to equity (0.0% against 12.1%).
| Latest fiscal year | Caledonia Mining CorpCMCL, 2025 | DrdgoldDRD, 2026 |
|---|---|---|
| Revenue | $268m | $661m |
| Revenue growth | 46.2% | 52.3% |
| Net income | $55.2m | $252m |
| Operating margin | 41.0% | 51.4% |
| Net margin | 20.6% | 38.1% |
| Return on equity | 23.4% | 39.4% |
| Free cash flow | $43.8m | $127m |
| Cash | $35.7m | $169m |
| Total debt | $31.4m | $0 |
| Debt to equity | 12.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 5.2% | 2.3% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $386m | $2.00bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 67 (Moderate) | — |
| Insider trades, 12 months | 3 buys, 1 sales | 0 buys, 20 sales |