Caledonia Mining Corp vs Elemental Royalty
Caledonia Mining Corp is the larger business, with $268m of revenue in fiscal 2025 against $43.6m for Elemental Royalty (6.1 times as much). Elemental Royalty grew faster (167.4% against 46.2%). Caledonia Mining Corp kept more of each dollar of sales as profit: a net margin of 20.6% against 4.1%. Elemental Royalty carries less debt relative to equity (0.0% against 12.1%).
| Latest fiscal year | Caledonia Mining CorpCMCL, 2025 | Elemental RoyaltyELE, 2025 |
|---|---|---|
| Revenue | $268m | $43.6m |
| Revenue growth | 46.2% | 167.4% |
| Net income | $55.2m | $1.8m |
| Operating margin | 41.0% | 12.1% |
| Net margin | 20.6% | 4.1% |
| Return on equity | 23.4% | 0.4% |
| Free cash flow | $43.8m | $30.8m |
| Cash | $35.7m | $53.1m |
| Total debt | $31.4m | $0 |
| Debt to equity | 12.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 5.2% | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $368m | $901m |
| Price vs our value range | Below our value range | — |
| Moat score | 67 (Moderate) | — |
| Insider trades, 12 months | 3 buys, 1 sales | 0 buys, 0 sales |