Caledonia Mining (CMCL) Gross Margin (2009 - 2026)
Caledonia Mining (CMCL) reported Gross Margin of 48.32% for Q1 2026, up 39.0% year-over-year from 34.76% in Q1 2025, and down 8.68% quarter-over-quarter from 52.91% in Q4 2025.
Caledonia Mining (CMCL) Gross Margin (2009 - 2026) Analysis & Trends
Caledonia Mining (CMCL) has 18 years of Gross Margin data on file, last reported at 48.32% in Q1 2026.
- Gross Margin for Q1 2026 came in at 48.32%, up 39.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 51.03% (up 607.0% YoY), and the FY2025 annual result was 51.23%, up 916.0% from the prior year.
- Gross Margin retreated to 48.32% in Q1 2026 per CMCL's latest filing, from 52.91% in the prior quarter.
- Over five years, Gross Margin peaked at 52.91% in Q4 2025 and troughed at 19.87% in Q1 2023.
- A 5-year average of 41.41% and a median of 44.05% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 2829 bps in 2023, then surged 1674 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 33.23% in 2022, then slipped by 18 bps to 27.3% in 2023, then soared by 61 bps to 44.05% in 2024, then rose by 20 bps to 52.91% in 2025, then decreased by 9 bps to 48.32% in 2026.
- Business Quant data shows CMCL's Gross Margin at 48.32% in Q1 2026, 52.91% in Q4 2025, and 51.58% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | - |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 59.77% |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 77.58% |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 74.11% |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 59.87% |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 99.74% |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | - |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 60.04% |
| 10 | Caledonia Mining | 3.10 Mn | -158.05 Mn | 32.10 Mn | 48.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.32% |
| Dec 31, 2025 | 52.91% |
| Sep 30, 2025 | 51.58% |
| Jun 30, 2025 | 51.76% |
| Mar 31, 2025 | 47.93% |
| Dec 31, 2024 | 44.05% |
| Sep 30, 2024 | 41.21% |
| Jun 30, 2024 | 45.77% |
| Mar 31, 2024 | 35.86% |
| Dec 31, 2023 | 27.30% |
| Sep 30, 2023 | 34.34% |
| Jun 30, 2023 | 29.52% |
| Mar 31, 2023 | 19.87% |
| Dec 31, 2022 | 33.23% |
| Sep 30, 2022 | 43.45% |
| Jun 30, 2022 | 48.65% |
| Mar 31, 2022 | 48.16% |
| Dec 31, 2021 | 43.70% |
| Sep 30, 2021 | 46.98% |
| Jun 30, 2021 | 46.41% |