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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and COMMVAULT SYSTEMS INC (CVLT). Click either name above to swap in a different company.

COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $311.7M, roughly 1.5× COMMVAULT SYSTEMS INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 4.7%, a 25.1% gap on every dollar of revenue. On growth, COMMVAULT SYSTEMS INC posted the faster year-over-year revenue change (13.3% vs 11.1%). Over the past eight quarters, COMMVAULT SYSTEMS INC's revenue compounded faster (17.8% CAGR vs 7.1%).

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.

Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management.

CBSH vs CVLT — Head-to-Head

Bigger by revenue
CBSH
CBSH
1.5× larger
CBSH
$475.7M
$311.7M
CVLT
Growing faster (revenue YoY)
CVLT
CVLT
+2.2% gap
CVLT
13.3%
11.1%
CBSH
Higher net margin
CBSH
CBSH
25.1% more per $
CBSH
29.8%
4.7%
CVLT
Faster 2-yr revenue CAGR
CVLT
CVLT
Annualised
CVLT
17.8%
7.1%
CBSH

Income Statement — Q1 FY2026 vs Q4 FY2026

Metric
CBSH
CBSH
CVLT
CVLT
Revenue
$475.7M
$311.7M
Net Profit
$141.6M
$14.6M
Gross Margin
81.4%
Operating Margin
5.3%
Net Margin
29.8%
4.7%
Revenue YoY
11.1%
13.3%
Net Profit YoY
10.5%
EPS (diluted)
$0.96
$0.34

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
CBSH
CBSH
CVLT
CVLT
Q1 26
$475.7M
$311.7M
Q4 25
$449.4M
$313.8M
Q3 25
$441.0M
$276.2M
Q2 25
$445.8M
$282.0M
Q1 25
$428.1M
$275.0M
Q4 24
$422.1M
$262.6M
Q3 24
$421.4M
$233.3M
Q2 24
$414.5M
$224.7M
Net Profit
CBSH
CBSH
CVLT
CVLT
Q1 26
$141.6M
$14.6M
Q4 25
$140.7M
$17.8M
Q3 25
$141.5M
$14.7M
Q2 25
$152.5M
$23.5M
Q1 25
$131.6M
$31.0M
Q4 24
$136.1M
$11.0M
Q3 24
$138.0M
$15.6M
Q2 24
$139.6M
$18.5M
Gross Margin
CBSH
CBSH
CVLT
CVLT
Q1 26
81.4%
Q4 25
81.1%
Q3 25
80.1%
Q2 25
82.0%
Q1 25
82.6%
Q4 24
81.5%
Q3 24
81.6%
Q2 24
82.3%
Operating Margin
CBSH
CBSH
CVLT
CVLT
Q1 26
5.3%
Q4 25
40.8%
6.3%
Q3 25
41.9%
4.5%
Q2 25
44.0%
8.9%
Q1 25
39.2%
9.7%
Q4 24
41.2%
5.2%
Q3 24
42.4%
6.4%
Q2 24
43.4%
8.2%
Net Margin
CBSH
CBSH
CVLT
CVLT
Q1 26
29.8%
4.7%
Q4 25
31.3%
5.7%
Q3 25
32.1%
5.3%
Q2 25
34.2%
8.3%
Q1 25
30.7%
11.3%
Q4 24
32.2%
4.2%
Q3 24
32.8%
6.7%
Q2 24
33.7%
8.2%
EPS (diluted)
CBSH
CBSH
CVLT
CVLT
Q1 26
$0.96
$0.34
Q4 25
$0.86
$0.40
Q3 25
$1.06
$0.33
Q2 25
$1.14
$0.52
Q1 25
$0.98
$0.68
Q4 24
$0.83
$0.24
Q3 24
$1.01
$0.35
Q2 24
$1.03
$0.41

Balance Sheet & Financial Strength

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

Metric
CBSH
CBSH
CVLT
CVLT
Cash + ST InvestmentsLiquidity on hand
$900.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
$7.5M
Total Assets
$35.7B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBSH
CBSH
CVLT
CVLT
Q1 26
$900.0M
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$363.2M
Q1 25
$302.1M
Q4 24
$243.6M
Q3 24
$303.1M
Q2 24
$287.9M
Stockholders' Equity
CBSH
CBSH
CVLT
CVLT
Q1 26
$4.3B
$7.5M
Q4 25
$3.8B
$216.7M
Q3 25
$3.8B
$210.5M
Q2 25
$3.6B
$364.7M
Q1 25
$3.5B
$325.1M
Q4 24
$3.3B
$287.8M
Q3 24
$3.4B
$277.8M
Q2 24
$3.1B
$281.8M
Total Assets
CBSH
CBSH
CVLT
CVLT
Q1 26
$35.7B
$1.9B
Q4 25
$32.9B
$2.0B
Q3 25
$32.3B
$1.9B
Q2 25
$32.3B
$1.2B
Q1 25
$32.4B
$1.1B
Q4 24
$32.0B
$1.0B
Q3 24
$31.5B
$958.5M
Q2 24
$30.6B
$934.9M

Cash Flow & Capital Efficiency

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

Metric
CBSH
CBSH
CVLT
CVLT
Operating Cash FlowLast quarter
$132.2M
Free Cash FlowOCF − Capex
$131.8M
FCF MarginFCF / Revenue
42.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.02×
TTM Free Cash FlowTrailing 4 quarters
$237.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBSH
CBSH
CVLT
CVLT
Q1 26
$132.2M
Q4 25
$645.1M
$4.0M
Q3 25
$129.0M
$76.8M
Q2 25
$111.2M
$31.7M
Q1 25
$138.6M
$77.0M
Q4 24
$577.9M
$30.1M
Q3 24
$431.7M
$55.6M
Q2 24
$147.4M
$44.7M
Free Cash Flow
CBSH
CBSH
CVLT
CVLT
Q1 26
$131.8M
Q4 25
$592.4M
$1.9M
Q3 25
$113.3M
$73.6M
Q2 25
$100.5M
$29.8M
Q1 25
$126.0M
$76.2M
Q4 24
$531.7M
$29.9M
Q3 24
$419.1M
$53.7M
Q2 24
$138.9M
$43.8M
FCF Margin
CBSH
CBSH
CVLT
CVLT
Q1 26
42.3%
Q4 25
131.8%
0.6%
Q3 25
25.7%
26.6%
Q2 25
22.5%
10.6%
Q1 25
29.4%
27.7%
Q4 24
126.0%
11.4%
Q3 24
99.5%
23.0%
Q2 24
33.5%
19.5%
Capex Intensity
CBSH
CBSH
CVLT
CVLT
Q1 26
Q4 25
11.7%
0.7%
Q3 25
3.6%
1.2%
Q2 25
2.4%
0.7%
Q1 25
2.9%
0.3%
Q4 24
10.9%
0.1%
Q3 24
3.0%
0.8%
Q2 24
2.1%
0.4%
Cash Conversion
CBSH
CBSH
CVLT
CVLT
Q1 26
9.02×
Q4 25
4.59×
0.23×
Q3 25
0.91×
5.21×
Q2 25
0.73×
1.35×
Q1 25
1.05×
2.48×
Q4 24
4.25×
2.74×
Q3 24
3.13×
3.57×
Q2 24
1.06×
2.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBSH
CBSH

Segment breakdown not available.

CVLT
CVLT

Term-based license$114.4M37%
Software-as-a-service$93.1M30%
Customer support$80.9M26%
Other$13.1M4%
Perpetual license$10.1M3%

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