CMCLNYSEGold and Silver OresFiscal year ends December 31
Caledonia Mining Corp Plc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Apr 23, 2026
$23.41−0.13 (-0.55%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 8.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
51.2%+4.6 pts over 5 years
Operating margin
41.0%+5.1 pts over 5 years
Net margin
20.6%+1.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +46.2% | +23.5% | +21.8% | +18.5% | |
| Gross profit | +78.1% | +30.4% | +24.1% | +26.4% | |
| Operating income | +151.0% | +53.7% | +25.0% | +29.1% | |
| Net income | +208.5% | +70.0% | +24.0% | +27.7% | |
| EPS, diluted | +211.0% | +49.3% | +12.5% | +20.2% | |
| Free cash flow | +202.4% | +239.3% | +49.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 18.3% | 23.4% | |
| Return on assets | – | 11.7% | 14.5% | |
| Current ratio | 2.62 | 4.47 | 1.57 | |
| Debt to equity | 0.05 | 0.00 | – | |
| Interest coverage | 98.8× | 97.8× | 31.2× | |
| Inventory turnover | – | 3.8× | 5.2× | |
| Capex to revenue | 32.1% | 25.1% | 12.1% | |
| Diluted shares | 10M | 12M | 19M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Caledonia Mining generated $206.48M from operations and spent $222.38M on capital expenditure, dividends and share buybacks. 73% of that went back into the business.
Generated
$206.48M
Used
$222.38M
Capital expenditure$162.09M73%Dividends$60.29M27%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin20.6%
×Asset turnover0.70×
×Equity multiplier1.61×
=Return on equity, FY202523.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 20.6% | 0.70× | 1.61× | 23.4% |
| FY2024 | 9.8% | 0.54× | 1.61× | 8.5% |
| FY2023 | -5.4% | 0.52× | 1.63× | -4.5% |
| FY2022 | 7.9% | 0.64× | 1.60× | 8.1% |
| FY2021 | 14.3% | 0.62× | 1.52× | 13.6% |
| FY2020 | 18.9% | 0.62× | 1.56× | 18.3% |
| FY2019 | 28.1% | 0.56× | 1.70× | 26.9% |
| FY2018 | 15.7% | 0.58× | 1.76× | 16.1% |
| FY2017 | 13.5% | 0.69× | 1.69× | 15.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$55.22M
- Cash generatingOperating cash flow above zero$76.23M
- Return on assets improvedROA up on the prior year5.5% → 15.9%
- Earnings backed by cashOperating cash flow above net income$76.23M vs $55.22M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.35 → 1.57
- No dilutionShare count did not rise19M → 19M
- Gross margin improvedGross margin up on the prior year42.07% → 51.23%
- More efficientAsset turnover rose0.56 → 0.77