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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and COGENT COMMUNICATIONS HOLDINGS, INC. (CCOI). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $240.5M, roughly 2.0× COGENT COMMUNICATIONS HOLDINGS, INC.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -12.8%, a 42.6% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -4.7%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -4.9%).
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.
Cogent Communications Holdings, Inc. is a multinational internet service provider based in the United States. Cogent's primary services consist of Internet access and data transport, offered on a fiber optic, IP data-only network, along with colocation in data centers.
CBSH vs CCOI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $240.5M |
| Net Profit | $141.6M | $-30.8M |
| Gross Margin | — | 46.6% |
| Operating Margin | — | -4.7% |
| Net Margin | 29.8% | -12.8% |
| Revenue YoY | 11.1% | -4.7% |
| Net Profit YoY | 10.5% | 28.9% |
| EPS (diluted) | $0.96 | $-0.63 |
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 | $449.4M | $240.5M | ||
| Q3 25 | $441.0M | $241.9M | ||
| Q2 25 | $445.8M | $246.2M | ||
| Q1 25 | $428.1M | $247.0M | ||
| Q4 24 | $422.1M | $252.3M | ||
| Q3 24 | $421.4M | $257.2M | ||
| Q2 24 | $414.5M | $260.4M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-30.8M | ||
| Q3 25 | $141.5M | $-41.5M | ||
| Q2 25 | $152.5M | $-57.8M | ||
| Q1 25 | $131.6M | $-52.0M | ||
| Q4 24 | $136.1M | $-43.3M | ||
| Q3 24 | $138.0M | $-63.1M | ||
| Q2 24 | $139.6M | $-32.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 46.6% | ||
| Q3 25 | — | 45.6% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.2% | ||
| Q2 24 | — | 40.0% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -4.7% | ||
| Q3 25 | 41.9% | -7.5% | ||
| Q2 25 | 44.0% | -12.8% | ||
| Q1 25 | 39.2% | -16.3% | ||
| Q4 24 | 41.2% | -13.2% | ||
| Q3 24 | 42.4% | -22.5% | ||
| Q2 24 | 43.4% | -18.1% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -12.8% | ||
| Q3 25 | 32.1% | -17.2% | ||
| Q2 25 | 34.2% | -23.5% | ||
| Q1 25 | 30.7% | -21.1% | ||
| Q4 24 | 32.2% | -17.2% | ||
| Q3 24 | 32.8% | -24.5% | ||
| Q2 24 | 33.7% | -12.4% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.63 | ||
| Q3 25 | $1.06 | $-0.87 | ||
| Q2 25 | $1.14 | $-1.21 | ||
| Q1 25 | $0.98 | $-1.09 | ||
| Q4 24 | $0.83 | $-0.89 | ||
| Q3 24 | $1.01 | $-1.33 | ||
| Q2 24 | $1.03 | $-0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $148.5M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $4.3B | $-63.8M |
| Total Assets | $35.7B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $148.5M | ||
| Q3 25 | — | $147.1M | ||
| Q2 25 | — | $213.7M | ||
| Q1 25 | — | $153.8M | ||
| Q4 24 | — | $198.5M | ||
| Q3 24 | — | $279.2M | ||
| Q2 24 | — | $384.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $-63.8M | ||
| Q3 25 | $3.8B | $-39.2M | ||
| Q2 25 | $3.6B | $46.7M | ||
| Q1 25 | $3.5B | $142.8M | ||
| Q4 24 | $3.3B | $222.8M | ||
| Q3 24 | $3.4B | $323.6M | ||
| Q2 24 | $3.1B | $415.5M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $3.1B | ||
| Q3 25 | $32.3B | $3.1B | ||
| Q2 25 | $32.3B | $3.3B | ||
| Q1 25 | $32.4B | $3.1B | ||
| Q4 24 | $32.0B | $3.2B | ||
| Q3 24 | $31.5B | $3.2B | ||
| Q2 24 | $30.6B | $3.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.53× | ||
| 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 | — | $-6.0M |
| Free Cash FlowOCF − Capex | — | $-43.0M |
| FCF MarginFCF / Revenue | — | -17.9% |
| Capex IntensityCapex / Revenue | — | 15.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-198.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $-6.0M | ||
| Q3 25 | $129.0M | $3.1M | ||
| Q2 25 | $111.2M | $-44.0M | ||
| Q1 25 | $138.6M | $36.4M | ||
| Q4 24 | $577.9M | $14.5M | ||
| Q3 24 | $431.7M | $-20.2M | ||
| Q2 24 | $147.4M | $-22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $-43.0M | ||
| Q3 25 | $113.3M | $-33.1M | ||
| Q2 25 | $100.5M | $-100.2M | ||
| Q1 25 | $126.0M | $-21.7M | ||
| Q4 24 | $531.7M | $-31.6M | ||
| Q3 24 | $419.1M | $-79.5M | ||
| Q2 24 | $138.9M | $-70.9M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | -17.9% | ||
| Q3 25 | 25.7% | -13.7% | ||
| Q2 25 | 22.5% | -40.7% | ||
| Q1 25 | 29.4% | -8.8% | ||
| Q4 24 | 126.0% | -12.5% | ||
| Q3 24 | 99.5% | -30.9% | ||
| Q2 24 | 33.5% | -27.2% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 15.4% | ||
| Q3 25 | 3.6% | 15.0% | ||
| Q2 25 | 2.4% | 22.8% | ||
| Q1 25 | 2.9% | 23.5% | ||
| Q4 24 | 10.9% | 18.3% | ||
| Q3 24 | 3.0% | 23.0% | ||
| Q2 24 | 2.1% | 18.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
