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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $468.6M, roughly 1.0× Compass Diversified Holdings). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -16.8%, a 46.6% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -5.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 6.8%).
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.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
CBSH vs CODI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $468.6M |
| Net Profit | $141.6M | $-78.8M |
| Gross Margin | — | 43.1% |
| Operating Margin | — | 9.8% |
| Net Margin | 29.8% | -16.8% |
| Revenue YoY | 11.1% | -5.1% |
| Net Profit YoY | 10.5% | -14.4% |
| EPS (diluted) | $0.96 | $-0.91 |
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 | $468.6M | ||
| Q3 25 | $441.0M | $472.6M | ||
| Q2 25 | $445.8M | $478.7M | ||
| Q1 25 | $428.1M | $453.8M | ||
| Q4 24 | $422.1M | $493.9M | ||
| Q3 24 | $421.4M | $456.6M | ||
| Q2 24 | $414.5M | $426.7M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-78.8M | ||
| Q3 25 | $141.5M | $-74.0M | ||
| Q2 25 | $152.5M | $-51.2M | ||
| Q1 25 | $131.6M | $-30.0M | ||
| Q4 24 | $136.1M | $-68.9M | ||
| Q3 24 | $138.0M | $-36.0M | ||
| Q2 24 | $139.6M | $-73.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.0% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 44.1% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 9.8% | ||
| Q3 25 | 41.9% | -2.3% | ||
| Q2 25 | 44.0% | -5.7% | ||
| Q1 25 | 39.2% | 0.8% | ||
| Q4 24 | 41.2% | -3.8% | ||
| Q3 24 | 42.4% | 1.8% | ||
| Q2 24 | 43.4% | 1.8% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -16.8% | ||
| Q3 25 | 32.1% | -15.7% | ||
| Q2 25 | 34.2% | -10.7% | ||
| Q1 25 | 30.7% | -6.6% | ||
| Q4 24 | 32.2% | -13.9% | ||
| Q3 24 | 32.8% | -7.9% | ||
| Q2 24 | 33.7% | -17.1% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.91 | ||
| Q3 25 | $1.06 | $-1.21 | ||
| Q2 25 | $1.14 | $-0.88 | ||
| Q1 25 | $0.98 | $-0.59 | ||
| Q4 24 | $0.83 | $-0.57 | ||
| Q3 24 | $1.01 | $-0.62 | ||
| Q2 24 | $1.03 | $-1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $68.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $4.3B | $442.0M |
| Total Assets | $35.7B | $3.0B |
| Debt / EquityLower = less leverage | — | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $68.0M | ||
| Q3 25 | — | $61.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $146.2M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $64.9M | ||
| Q2 24 | — | $61.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $442.0M | ||
| Q3 25 | $3.8B | $519.2M | ||
| Q2 25 | $3.6B | $601.9M | ||
| Q1 25 | $3.5B | $680.7M | ||
| Q4 24 | $3.3B | $678.6M | ||
| Q3 24 | $3.4B | $672.2M | ||
| Q2 24 | $3.1B | $711.3M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $3.0B | ||
| Q3 25 | $32.3B | $3.2B | ||
| Q2 25 | $32.3B | $3.3B | ||
| Q1 25 | $32.4B | $3.4B | ||
| Q4 24 | $32.0B | $3.3B | ||
| Q3 24 | $31.5B | $3.3B | ||
| Q2 24 | $30.6B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× |
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 | — | $47.0M |
| Free Cash FlowOCF − Capex | — | $36.9M |
| FCF MarginFCF / Revenue | — | 7.9% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $47.0M | ||
| Q3 25 | $129.0M | $10.7M | ||
| Q2 25 | $111.2M | $-35.2M | ||
| Q1 25 | $138.6M | $-29.3M | ||
| Q4 24 | $577.9M | $-16.1M | ||
| Q3 24 | $431.7M | $-48.4M | ||
| Q2 24 | $147.4M | $-61.3M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $36.9M | ||
| Q3 25 | $113.3M | $481.0K | ||
| Q2 25 | $100.5M | $-46.0M | ||
| Q1 25 | $126.0M | $-42.4M | ||
| Q4 24 | $531.7M | $-39.0M | ||
| Q3 24 | $419.1M | $-63.5M | ||
| Q2 24 | $138.9M | $-72.2M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 7.9% | ||
| Q3 25 | 25.7% | 0.1% | ||
| Q2 25 | 22.5% | -9.6% | ||
| Q1 25 | 29.4% | -9.4% | ||
| Q4 24 | 126.0% | -7.9% | ||
| Q3 24 | 99.5% | -13.9% | ||
| Q2 24 | 33.5% | -16.9% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.2% | ||
| Q3 25 | 3.6% | 2.2% | ||
| Q2 25 | 2.4% | 2.3% | ||
| Q1 25 | 2.9% | 2.9% | ||
| Q4 24 | 10.9% | 4.6% | ||
| Q3 24 | 3.0% | 3.3% | ||
| Q2 24 | 2.1% | 2.6% |
| 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.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
