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Side-by-side financial comparison of CAL-MAINE FOODS INC (CALM) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.

CAL-MAINE FOODS INC is the larger business by last-quarter revenue ($769.5M vs $475.7M, roughly 1.6× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 13.4%, a 16.4% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -19.4%). Over the past eight quarters, CAL-MAINE FOODS INC's revenue compounded faster (29.4% CAGR vs 7.1%).

Cal-Maine Foods, Inc. is an American fresh egg producer based in Ridgeland, Mississippi. As of 2024, it was the largest egg producer in the United States. Its eggs are sold under several different brand names, including Egg-Land's Best, Land O'Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain. The company was founded in 1957 by Fred R. Adams, Jr., whose family owns a controlling interest in the company, which is publicly traded on the NASDAQ stock exchange.

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.

CALM vs CBSH — Head-to-Head

Bigger by revenue
CALM
CALM
1.6× larger
CALM
$769.5M
$475.7M
CBSH
Growing faster (revenue YoY)
CBSH
CBSH
+30.5% gap
CBSH
11.1%
-19.4%
CALM
Higher net margin
CBSH
CBSH
16.4% more per $
CBSH
29.8%
13.4%
CALM
Faster 2-yr revenue CAGR
CALM
CALM
Annualised
CALM
29.4%
7.1%
CBSH

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
CALM
CALM
CBSH
CBSH
Revenue
$769.5M
$475.7M
Net Profit
$102.8M
$141.6M
Gross Margin
27.0%
Operating Margin
16.1%
Net Margin
13.4%
29.8%
Revenue YoY
-19.4%
11.1%
Net Profit YoY
-53.1%
10.5%
EPS (diluted)
$2.13
$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.

Revenue
CALM
CALM
CBSH
CBSH
Q1 26
$475.7M
Q4 25
$769.5M
$449.4M
Q3 25
$922.6M
$441.0M
Q2 25
$445.8M
Q1 25
$1.4B
$428.1M
Q4 24
$954.7M
$422.1M
Q3 24
$785.9M
$421.4M
Q2 24
$414.5M
Net Profit
CALM
CALM
CBSH
CBSH
Q1 26
$141.6M
Q4 25
$102.8M
$140.7M
Q3 25
$199.3M
$141.5M
Q2 25
$152.5M
Q1 25
$508.5M
$131.6M
Q4 24
$219.1M
$136.1M
Q3 24
$150.0M
$138.0M
Q2 24
$139.6M
Gross Margin
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
27.0%
Q3 25
33.7%
Q2 25
Q1 25
50.5%
Q4 24
37.3%
Q3 24
31.5%
Q2 24
Operating Margin
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
16.1%
40.8%
Q3 25
27.0%
41.9%
Q2 25
44.0%
Q1 25
44.8%
39.2%
Q4 24
29.1%
41.2%
Q3 24
23.8%
42.4%
Q2 24
43.4%
Net Margin
CALM
CALM
CBSH
CBSH
Q1 26
29.8%
Q4 25
13.4%
31.3%
Q3 25
21.6%
32.1%
Q2 25
34.2%
Q1 25
35.9%
30.7%
Q4 24
22.9%
32.2%
Q3 24
19.1%
32.8%
Q2 24
33.7%
EPS (diluted)
CALM
CALM
CBSH
CBSH
Q1 26
$0.96
Q4 25
$2.13
$0.86
Q3 25
$4.12
$1.06
Q2 25
$1.14
Q1 25
$10.38
$0.98
Q4 24
$4.47
$0.83
Q3 24
$3.06
$1.01
Q2 24
$1.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CALM
CALM
CBSH
CBSH
Cash + ST InvestmentsLiquidity on hand
$369.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$4.3B
Total Assets
$3.1B
$35.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
$369.4M
Q3 25
$251.9M
Q2 25
Q1 25
$497.2M
Q4 24
$140.3M
Q3 24
$181.7M
Q2 24
Stockholders' Equity
CALM
CALM
CBSH
CBSH
Q1 26
$4.3B
Q4 25
$2.7B
$3.8B
Q3 25
$2.7B
$3.8B
Q2 25
$3.6B
Q1 25
$2.4B
$3.5B
Q4 24
$2.0B
$3.3B
Q3 24
$1.9B
$3.4B
Q2 24
$3.1B
Total Assets
CALM
CALM
CBSH
CBSH
Q1 26
$35.7B
Q4 25
$3.1B
$32.9B
Q3 25
$3.2B
$32.3B
Q2 25
$32.3B
Q1 25
$3.1B
$32.4B
Q4 24
$2.5B
$32.0B
Q3 24
$2.4B
$31.5B
Q2 24
$30.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CALM
CALM
CBSH
CBSH
Operating Cash FlowLast quarter
$94.8M
Free Cash FlowOCF − Capex
$47.9M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$895.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
$94.8M
$645.1M
Q3 25
$278.6M
$129.0M
Q2 25
$111.2M
Q1 25
$571.6M
$138.6M
Q4 24
$122.7M
$577.9M
Q3 24
$117.5M
$431.7M
Q2 24
$147.4M
Free Cash Flow
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
$47.9M
$592.4M
Q3 25
$233.3M
$113.3M
Q2 25
$100.5M
Q1 25
$521.8M
$126.0M
Q4 24
$92.9M
$531.7M
Q3 24
$81.7M
$419.1M
Q2 24
$138.9M
FCF Margin
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
6.2%
131.8%
Q3 25
25.3%
25.7%
Q2 25
22.5%
Q1 25
36.8%
29.4%
Q4 24
9.7%
126.0%
Q3 24
10.4%
99.5%
Q2 24
33.5%
Capex Intensity
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
6.1%
11.7%
Q3 25
4.9%
3.6%
Q2 25
2.4%
Q1 25
3.5%
2.9%
Q4 24
3.1%
10.9%
Q3 24
4.6%
3.0%
Q2 24
2.1%
Cash Conversion
CALM
CALM
CBSH
CBSH
Q1 26
Q4 25
0.92×
4.59×
Q3 25
1.40×
0.91×
Q2 25
0.73×
Q1 25
1.12×
1.05×
Q4 24
0.56×
4.25×
Q3 24
0.78×
3.13×
Q2 24
1.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CALM
CALM

Retail$625.4M81%
Prepared Foods$71.7M9%
Egg Products$34.5M4%
Service Other$19.2M2%
Other$13.8M2%

CBSH
CBSH

Segment breakdown not available.

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