Caledonia Mining (CMCL) Gross Margin (2009 - 2026)
Caledonia Mining's (CMCL) quarterly Gross Margin came in at 51.61% in Q2 2026, down 15.0% year-over-year from 60.72% in Q2 2025, and up 6.81% quarter-over-quarter from 48.32% in Q1 2026.
Analysis
Caledonia Mining (CMCL) Gross Margin (2009 - 2026) Analysis & Trends
Caledonia Mining (CMCL) has reported Gross Margin for 18 consecutive years, with 51.61% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 15.0% year-over-year to 51.61% in Q2 2026; TTM through Jun 2026 was 54.7%, a 5460.0% increase from a year earlier, with the FY2025 full-year figure at 51.23%, up 916.0% from the prior year.
- Gross Margin was 51.61% for Q2 2026 at Caledonia Mining, up from 48.32% in the prior quarter.
- Over five years, Gross Margin peaked at 70.39% in Q4 2025 and troughed at 0.02% in Q4 2024.
- A 5-year average of 40.51% and a median of 44.61% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 2829 bps in 2023 and soared 7038 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 33.23% in 2022, then decreased by 18 bps to 27.3% in 2023, then sank by 100 bps to 0.02% in 2024, then surged by 455649 bps to 70.39% in 2025, then decreased by 27 bps to 51.61% in 2026.
- The last three Gross Margin figures came in at 51.61% (Q2 2026), 48.32% (Q1 2026), and 70.39% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn | 65.87% |
| 2 | Barrick Mining | 74.19 Bn | 68.26 Bn | 2.90 Bn | 54.74% |
| 3 | AngloGold Ashanti | 52.70 Bn | 49.74 Bn | 1.70 Bn | 54.86% |
| 4 | Alamos Gold | 14.98 Bn | 14.30 Bn | 587.30 Mn | 98.86% |
| 5 | Iamgold | 11.53 Bn | 11.03 Bn | 415.10 Mn | 48.44% |
| 6 | Eldorado Gold | 8.68 Bn | 8.12 Bn | 302.67 Mn | 62.09% |
| 7 | Buenaventura Mining | 8.59 Bn | 7.63 Bn | - | - |
| 8 | Equinox Gold | 7.68 Bn | 7.84 Bn | 428.20 Mn | 55.63% |
| 9 | B2Gold | 7.08 Bn | 7.08 Bn | 308.29 Mn | - |
| 10 | Caledonia Mining | 487.79 Mn | 316.01 Mn | 39.18 Mn | 51.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.61% |
| Mar 31, 2026 | 48.32% |
| Dec 31, 2025 | 70.39% |
| Sep 30, 2025 | 51.58% |
| Jun 30, 2025 | 51.76% |
| Mar 31, 2025 | 47.93% |
| Dec 31, 2024 | 0.02% |
| Sep 30, 2024 | 41.37% |
| 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% |