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Side-by-side financial comparison of Andersons, Inc. (ANDE) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $329.5M, roughly 1.4× Andersons, Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 20.5%, a 9.3% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -2.4%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs CBSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $475.7M |
| Net Profit | $67.4M | $141.6M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | — |
| Net Margin | 20.5% | 29.8% |
| Revenue YoY | -2.4% | 11.1% |
| Net Profit YoY | 49.6% | 10.5% |
| EPS (diluted) | — | $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 | $329.5M | $449.4M | ||
| Q3 25 | $295.8M | $441.0M | ||
| Q2 25 | $535.0M | $445.8M | ||
| Q1 25 | $370.8M | $428.1M | ||
| Q4 24 | $337.5M | $422.1M | ||
| Q3 24 | $231.9M | $421.4M | ||
| Q2 24 | $492.5M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | $67.4M | $140.7M | ||
| Q3 25 | $20.1M | $141.5M | ||
| Q2 25 | $7.9M | $152.5M | ||
| Q1 25 | $284.0K | $131.6M | ||
| Q4 24 | $45.1M | $136.1M | ||
| Q3 24 | $27.4M | $138.0M | ||
| Q2 24 | $36.0M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 26.6% | 40.8% | ||
| Q3 25 | 8.7% | 41.9% | ||
| Q2 25 | 4.6% | 44.0% | ||
| Q1 25 | 0.9% | 39.2% | ||
| Q4 24 | 19.9% | 41.2% | ||
| Q3 24 | 26.8% | 42.4% | ||
| Q2 24 | 11.6% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | 20.5% | 31.3% | ||
| Q3 25 | 6.8% | 32.1% | ||
| Q2 25 | 1.5% | 34.2% | ||
| Q1 25 | 0.1% | 30.7% | ||
| Q4 24 | 13.4% | 32.2% | ||
| Q3 24 | 11.8% | 32.8% | ||
| Q2 24 | 7.3% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | — | $0.86 | ||
| Q3 25 | $0.59 | $1.06 | ||
| Q2 25 | $0.23 | $1.14 | ||
| Q1 25 | $0.01 | $0.98 | ||
| Q4 24 | $1.31 | $0.83 | ||
| Q3 24 | $0.80 | $1.01 | ||
| Q2 24 | $1.05 | $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 | $98.3M | — |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $4.3B |
| Total Assets | $3.7B | $35.7B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.2B | $3.8B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.3B | $3.4B | ||
| Q2 24 | $1.3B | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | $3.7B | $32.9B | ||
| Q3 25 | $3.3B | $32.3B | ||
| Q2 25 | $3.4B | $32.3B | ||
| Q1 25 | $3.8B | $32.4B | ||
| Q4 24 | $4.1B | $32.0B | ||
| Q3 24 | $3.4B | $31.5B | ||
| Q2 24 | $3.3B | $30.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| 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 | $-6.2M | — |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $645.1M | ||
| Q3 25 | $233.9M | $129.0M | ||
| Q2 25 | $299.3M | $111.2M | ||
| Q1 25 | $-350.0M | $138.6M | ||
| Q4 24 | $268.8M | $577.9M | ||
| Q3 24 | $-2.1M | $431.7M | ||
| Q2 24 | $304.4M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-77.1M | $592.4M | ||
| Q3 25 | $167.0M | $113.3M | ||
| Q2 25 | $250.5M | $100.5M | ||
| Q1 25 | $-396.6M | $126.0M | ||
| Q4 24 | $212.9M | $531.7M | ||
| Q3 24 | $-40.0M | $419.1M | ||
| Q2 24 | $275.8M | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | -23.4% | 131.8% | ||
| Q3 25 | 56.5% | 25.7% | ||
| Q2 25 | 46.8% | 22.5% | ||
| Q1 25 | -106.9% | 29.4% | ||
| Q4 24 | 63.1% | 126.0% | ||
| Q3 24 | -17.2% | 99.5% | ||
| Q2 24 | 56.0% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 21.5% | 11.7% | ||
| Q3 25 | 22.6% | 3.6% | ||
| Q2 25 | 9.1% | 2.4% | ||
| Q1 25 | 12.6% | 2.9% | ||
| Q4 24 | 16.6% | 10.9% | ||
| Q3 24 | 16.3% | 3.0% | ||
| Q2 24 | 5.8% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 4.59× | ||
| Q3 25 | 11.61× | 0.91× | ||
| Q2 25 | 38.10× | 0.73× | ||
| Q1 25 | -1232.46× | 1.05× | ||
| Q4 24 | 5.96× | 4.25× | ||
| Q3 24 | -0.08× | 3.13× | ||
| Q2 24 | 8.46× | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
CBSH
Segment breakdown not available.
