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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Douglas Elliman Inc. (DOUG). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $245.4M, roughly 1.9× Douglas Elliman Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 27.9%, a 1.8% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 0.9%). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% 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.
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
CBSH vs DOUG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $245.4M |
| Net Profit | $141.6M | $68.6M |
| Gross Margin | — | — |
| Operating Margin | — | 27.3% |
| Net Margin | 29.8% | 27.9% |
| Revenue YoY | 11.1% | 0.9% |
| Net Profit YoY | 10.5% | 1243.4% |
| EPS (diluted) | $0.96 | $0.80 |
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 | $245.4M | ||
| Q3 25 | $441.0M | $262.8M | ||
| Q2 25 | $445.8M | $271.4M | ||
| Q1 25 | $428.1M | $253.4M | ||
| Q4 24 | $422.1M | $243.3M | ||
| Q3 24 | $421.4M | $266.3M | ||
| Q2 24 | $414.5M | $285.8M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $68.6M | ||
| Q3 25 | $141.5M | $-24.7M | ||
| Q2 25 | $152.5M | $-22.7M | ||
| Q1 25 | $131.6M | $-6.0M | ||
| Q4 24 | $136.1M | $-6.0M | ||
| Q3 24 | $138.0M | $-27.2M | ||
| Q2 24 | $139.6M | $-1.7M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 27.3% | ||
| Q3 25 | 41.9% | -4.1% | ||
| Q2 25 | 44.0% | -2.0% | ||
| Q1 25 | 39.2% | -2.1% | ||
| Q4 24 | 41.2% | -6.7% | ||
| Q3 24 | 42.4% | -2.8% | ||
| Q2 24 | 43.4% | -1.3% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 27.9% | ||
| Q3 25 | 32.1% | -9.4% | ||
| Q2 25 | 34.2% | -8.4% | ||
| Q1 25 | 30.7% | -2.4% | ||
| Q4 24 | 32.2% | -2.5% | ||
| Q3 24 | 32.8% | -10.2% | ||
| Q2 24 | 33.7% | -0.6% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.80 | ||
| Q3 25 | $1.06 | $-0.29 | ||
| Q2 25 | $1.14 | $-0.27 | ||
| Q1 25 | $0.98 | $-0.07 | ||
| Q4 24 | $0.83 | $-0.06 | ||
| Q3 24 | $1.01 | $-0.33 | ||
| Q2 24 | $1.03 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $115.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $183.9M |
| Total Assets | $35.7B | $444.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $115.5M | ||
| Q3 25 | — | $143.0M | ||
| Q2 25 | — | $136.3M | ||
| Q1 25 | — | $136.8M | ||
| Q4 24 | — | $145.5M | ||
| Q3 24 | — | $151.4M | ||
| Q2 24 | — | $92.9M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $183.9M | ||
| Q3 25 | $3.8B | $115.1M | ||
| Q2 25 | $3.6B | $137.6M | ||
| Q1 25 | $3.5B | $158.2M | ||
| Q4 24 | $3.3B | $162.2M | ||
| Q3 24 | $3.4B | $173.6M | ||
| Q2 24 | $3.1B | $196.9M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $444.4M | ||
| Q3 25 | $32.3B | $480.6M | ||
| Q2 25 | $32.3B | $489.0M | ||
| Q1 25 | $32.4B | $493.9M | ||
| Q4 24 | $32.0B | $493.9M | ||
| Q3 24 | $31.5B | $502.7M | ||
| Q2 24 | $30.6B | $463.9M |
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 | — | $-14.4M |
| Free Cash FlowOCF − Capex | — | $-14.7M |
| FCF MarginFCF / Revenue | — | -6.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-17.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $-14.4M | ||
| Q3 25 | $129.0M | $5.5M | ||
| Q2 25 | $111.2M | $642.0K | ||
| Q1 25 | $138.6M | $-5.6M | ||
| Q4 24 | $577.9M | $-9.0M | ||
| Q3 24 | $431.7M | $9.0M | ||
| Q2 24 | $147.4M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $-14.7M | ||
| Q3 25 | $113.3M | $4.7M | ||
| Q2 25 | $100.5M | $-575.0K | ||
| Q1 25 | $126.0M | $-6.7M | ||
| Q4 24 | $531.7M | $-10.2M | ||
| Q3 24 | $419.1M | $7.7M | ||
| Q2 24 | $138.9M | $432.0K |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | -6.0% | ||
| Q3 25 | 25.7% | 1.8% | ||
| Q2 25 | 22.5% | -0.2% | ||
| Q1 25 | 29.4% | -2.6% | ||
| Q4 24 | 126.0% | -4.2% | ||
| Q3 24 | 99.5% | 2.9% | ||
| Q2 24 | 33.5% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.1% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 2.4% | 0.4% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 10.9% | 0.5% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 2.1% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | -0.21× | ||
| 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.
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
