Caledonia Mining (CMCL) Gross Margin (2009 - 2026)
Caledonia Mining (CMCL) posted Gross Margin of 51.61% for the quarter ended Jun 30, 2026, down 0.15 percentage points from 51.76% a year earlier but up 3.29 percentage points from the prior quarter.
Caledonia Mining (CMCL) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Caledonia Mining was 51.18%, up 5.96 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 51.23%, up 51.17 percentage points from the prior year.
- Annual Gross Margin shows a five-year change of +4.58 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Caledonia Mining's Gross Margin was 0.06% in the year ended Dec 31, 2024 (-28.29 pp), 28.35% in the year ended Dec 31, 2023 (-15.16 pp), 43.51% in the year ended Dec 31, 2022 (-1.06 pp) and 44.57% in the year ended Dec 31, 2021 (-2.09 pp).
- Quarterly Gross Margin has run from a low of 19.87% in the quarter ended Mar 31, 2023 to a high of 52.91% in the quarter ended Dec 31, 2025 over five years.
- On a year-over-year basis, Gross Margin increased in four of the last five quarters, with an average year-over-year change of +7.58 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was the quarter ended Dec 31, 2024, with a gain of 16.74 percentage points; the weakest was the quarter ended Mar 31, 2023, with a drop of 28.29 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 48.32% (quarter ended Mar 31, 2026), 52.91% (quarter ended Dec 31, 2025) and 51.58% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | Caledonia Mining | 454.24 Mn | 90.69 Mn | 39.18 Mn | 51.61% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.61% |
| 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% |
Caledonia Mining Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CMCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CMCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CMCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();