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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($748.2M vs $475.7M, roughly 1.6× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -1.0%, a 30.8% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 1.8%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -4.5%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
AMN vs CBSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $475.7M |
| Net Profit | $-7.7M | $141.6M |
| Gross Margin | 26.1% | — |
| Operating Margin | 1.1% | — |
| Net Margin | -1.0% | 29.8% |
| Revenue YoY | 1.8% | 11.1% |
| Net Profit YoY | 95.9% | 0.7% |
| EPS (diluted) | $-0.19 | $0.96 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $475.7M | ||
| Q4 25 | $748.2M | $449.4M | ||
| Q3 25 | $634.5M | $441.0M | ||
| Q2 25 | $658.2M | $445.8M | ||
| Q1 25 | $689.5M | $428.1M | ||
| Q4 24 | $734.7M | $422.1M | ||
| Q3 24 | $687.5M | $421.4M | ||
| Q2 24 | $740.7M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | $-7.7M | $140.7M | ||
| Q3 25 | $29.3M | $141.5M | ||
| Q2 25 | $-116.2M | $152.5M | ||
| Q1 25 | $-1.1M | $131.6M | ||
| Q4 24 | $-187.5M | $136.1M | ||
| Q3 24 | $7.0M | $138.0M | ||
| Q2 24 | $16.2M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | 26.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 31.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 40.8% | ||
| Q3 25 | 7.5% | 41.9% | ||
| Q2 25 | -18.8% | 44.0% | ||
| Q1 25 | 1.8% | 39.2% | ||
| Q4 24 | -27.6% | 41.2% | ||
| Q3 24 | 3.2% | 42.4% | ||
| Q2 24 | 5.1% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | -1.0% | 31.3% | ||
| Q3 25 | 4.6% | 32.1% | ||
| Q2 25 | -17.7% | 34.2% | ||
| Q1 25 | -0.2% | 30.7% | ||
| Q4 24 | -25.5% | 32.2% | ||
| Q3 24 | 1.0% | 32.8% | ||
| Q2 24 | 2.2% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | $-0.19 | $0.86 | ||
| Q3 25 | $0.76 | $1.06 | ||
| Q2 25 | $-3.02 | $1.14 | ||
| Q1 25 | $-0.03 | $0.98 | ||
| Q4 24 | $-4.90 | $0.83 | ||
| Q3 24 | $0.18 | $1.01 | ||
| Q2 24 | $0.42 | $1.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | — |
| Total DebtLower is stronger | $767.1M | — |
| Stockholders' EquityBook value | $642.1M | $4.3B |
| Total Assets | $2.1B | $35.7B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $34.0M | — | ||
| Q3 25 | $52.6M | — | ||
| Q2 25 | $41.5M | — | ||
| Q1 25 | $55.8M | — | ||
| Q4 24 | $10.6M | — | ||
| Q3 24 | $30.6M | — | ||
| Q2 24 | $48.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $642.1M | $3.8B | ||
| Q3 25 | $644.4M | $3.8B | ||
| Q2 25 | $607.6M | $3.6B | ||
| Q1 25 | $715.1M | $3.5B | ||
| Q4 24 | $706.6M | $3.3B | ||
| Q3 24 | $890.7M | $3.4B | ||
| Q2 24 | $876.9M | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | $2.1B | $32.9B | ||
| Q3 25 | $2.1B | $32.3B | ||
| Q2 25 | $2.2B | $32.3B | ||
| Q1 25 | $2.4B | $32.4B | ||
| Q4 24 | $2.4B | $32.0B | ||
| Q3 24 | $2.7B | $31.5B | ||
| Q2 24 | $2.8B | $30.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.6M | — |
| Free Cash FlowOCF − Capex | $67.6M | — |
| FCF MarginFCF / Revenue | 9.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.6M | $645.1M | ||
| Q3 25 | $22.7M | $129.0M | ||
| Q2 25 | $78.5M | $111.2M | ||
| Q1 25 | $92.7M | $138.6M | ||
| Q4 24 | $72.8M | $577.9M | ||
| Q3 24 | $66.7M | $431.7M | ||
| Q2 24 | $99.5M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | $67.6M | $592.4M | ||
| Q3 25 | $14.8M | $113.3M | ||
| Q2 25 | $68.7M | $100.5M | ||
| Q1 25 | $82.7M | $126.0M | ||
| Q4 24 | $56.6M | $531.7M | ||
| Q3 24 | $47.4M | $419.1M | ||
| Q2 24 | $72.2M | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 131.8% | ||
| Q3 25 | 2.3% | 25.7% | ||
| Q2 25 | 10.4% | 22.5% | ||
| Q1 25 | 12.0% | 29.4% | ||
| Q4 24 | 7.7% | 126.0% | ||
| Q3 24 | 6.9% | 99.5% | ||
| Q2 24 | 9.8% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 11.7% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 1.4% | 2.9% | ||
| Q4 24 | 2.2% | 10.9% | ||
| Q3 24 | 2.8% | 3.0% | ||
| Q2 24 | 3.7% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.59× | ||
| Q3 25 | 0.77× | 0.91× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | 9.54× | 3.13× | ||
| Q2 24 | 6.13× | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
CBSH
Segment breakdown not available.
