Caledonia Mining Corp vs Namib Minerals
Caledonia Mining Corp is the larger business, with $268m of revenue in fiscal 2025 against $82.6m for Namib Minerals (3.2 times as much). Caledonia Mining Corp grew faster (46.2% against -3.8%). Namib Minerals kept more of each dollar of sales as profit: a net margin of 122.5% against 20.6%. Namib Minerals carries less debt relative to equity (7.4% against 12.1%).
| Latest fiscal year | Caledonia Mining CorpCMCL, 2025 | Namib MineralsNAMM, 2025 |
|---|---|---|
| Revenue | $268m | $82.6m |
| Revenue growth | 46.2% | -3.8% |
| Net income | $55.2m | $101m |
| Operating margin | 41.0% | — |
| Net margin | 20.6% | 122.5% |
| Return on equity | 23.4% | — |
| Free cash flow | $43.8m | $2.5m |
| Cash | $35.7m | $1.9m |
| Total debt | $31.4m | $5.2m |
| Debt to equity | 12.1% | 7.4% |
| Dividend per share | — | — |
| Dividend yield | 5.2% | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $368m | $40.6m |
| 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 |