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Side-by-side financial comparison of BXP, Inc. (BXP) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $475.7M, roughly 1.8× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 15.3%, a 14.5% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 0.8%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 1.3%).
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
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.
BXP vs CBSH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $475.7M |
| Net Profit | $133.0M | $141.6M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 15.3% | 29.8% |
| Revenue YoY | 0.8% | 11.1% |
| Net Profit YoY | 53.0% | 10.5% |
| EPS (diluted) | $1.69 | $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 | $872.1M | $475.7M | ||
| Q4 25 | $877.1M | $449.4M | ||
| Q3 25 | $871.5M | $441.0M | ||
| Q2 25 | $868.5M | $445.8M | ||
| Q1 25 | $865.2M | $428.1M | ||
| Q4 24 | $858.6M | $422.1M | ||
| Q3 24 | $859.2M | $421.4M | ||
| Q2 24 | $850.5M | $414.5M |
| Q1 26 | $133.0M | $141.6M | ||
| Q4 25 | $248.4M | $140.7M | ||
| Q3 25 | $-121.7M | $141.5M | ||
| Q2 25 | $89.0M | $152.5M | ||
| Q1 25 | $61.2M | $131.6M | ||
| Q4 24 | $-228.9M | $136.1M | ||
| Q3 24 | $83.6M | $138.0M | ||
| Q2 24 | $79.6M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 41.9% | ||
| Q2 25 | — | 44.0% | ||
| Q1 25 | — | 39.2% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.4% | ||
| Q2 24 | — | 43.4% |
| Q1 26 | 15.3% | 29.8% | ||
| Q4 25 | 28.3% | 31.3% | ||
| Q3 25 | -14.0% | 32.1% | ||
| Q2 25 | 10.2% | 34.2% | ||
| Q1 25 | 7.1% | 30.7% | ||
| Q4 24 | -26.7% | 32.2% | ||
| Q3 24 | 9.7% | 32.8% | ||
| Q2 24 | 9.4% | 33.7% |
| Q1 26 | $1.69 | $0.96 | ||
| Q4 25 | $1.56 | $0.86 | ||
| Q3 25 | $-0.77 | $1.06 | ||
| Q2 25 | $0.56 | $1.14 | ||
| Q1 25 | $0.39 | $0.98 | ||
| Q4 24 | $-1.46 | $0.83 | ||
| Q3 24 | $0.53 | $1.01 | ||
| Q2 24 | $0.51 | $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 | $512.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $4.3B |
| Total Assets | $25.1B | $35.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
| Q1 26 | $7.7B | $4.3B | ||
| Q4 25 | $5.1B | $3.8B | ||
| Q3 25 | $5.0B | $3.8B | ||
| Q2 25 | $5.3B | $3.6B | ||
| Q1 25 | $5.3B | $3.5B | ||
| Q4 24 | $5.4B | $3.3B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $5.8B | $3.1B |
| Q1 26 | $25.1B | $35.7B | ||
| Q4 25 | $26.2B | $32.9B | ||
| Q3 25 | $26.0B | $32.3B | ||
| Q2 25 | $25.6B | $32.3B | ||
| Q1 25 | $25.4B | $32.4B | ||
| Q4 24 | $26.1B | $32.0B | ||
| Q3 24 | $26.4B | $31.5B | ||
| Q2 24 | $25.5B | $30.6B |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
CBSH
Segment breakdown not available.
