vs
Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
Distribution Solutions Group, Inc. is the larger business by last-quarter revenue ($518.0M vs $475.7M, roughly 1.1× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 1.2%, a 28.5% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 10.7%). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% 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.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
CBSH vs DSGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $518.0M |
| Net Profit | $141.6M | $6.5M |
| Gross Margin | — | 32.9% |
| Operating Margin | — | 4.6% |
| Net Margin | 29.8% | 1.2% |
| Revenue YoY | 11.1% | 10.7% |
| Net Profit YoY | 10.5% | -70.6% |
| EPS (diluted) | $0.96 | $0.14 |
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 | — | ||
| Q3 25 | $441.0M | $518.0M | ||
| Q2 25 | $445.8M | $502.4M | ||
| Q1 25 | $428.1M | $478.0M | ||
| Q4 24 | $422.1M | $480.5M | ||
| Q3 24 | $421.4M | $468.0M | ||
| Q2 24 | $414.5M | $439.5M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $6.5M | ||
| Q2 25 | $152.5M | $5.0M | ||
| Q1 25 | $131.6M | $3.3M | ||
| Q4 24 | $136.1M | $-25.9M | ||
| Q3 24 | $138.0M | $21.9M | ||
| Q2 24 | $139.6M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 33.9% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 34.5% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | 4.6% | ||
| Q2 25 | 44.0% | 5.3% | ||
| Q1 25 | 39.2% | 4.2% | ||
| Q4 24 | 41.2% | 4.2% | ||
| Q3 24 | 42.4% | 4.0% | ||
| Q2 24 | 43.4% | 3.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | 1.2% | ||
| Q2 25 | 34.2% | 1.0% | ||
| Q1 25 | 30.7% | 0.7% | ||
| Q4 24 | 32.2% | -5.4% | ||
| Q3 24 | 32.8% | 4.7% | ||
| Q2 24 | 33.7% | 0.4% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | $0.14 | ||
| Q2 25 | $1.14 | $0.11 | ||
| Q1 25 | $0.98 | $0.07 | ||
| Q4 24 | $0.83 | $-0.55 | ||
| Q3 24 | $1.01 | $0.46 | ||
| Q2 24 | $1.03 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $69.2M |
| Total DebtLower is stronger | — | $665.5M |
| Stockholders' EquityBook value | $4.3B | $653.9M |
| Total Assets | $35.7B | $1.8B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $69.2M | ||
| Q2 25 | — | $47.4M | ||
| Q1 25 | — | $65.4M | ||
| Q4 24 | — | $66.5M | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | — | $46.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $665.5M | ||
| Q2 25 | — | $675.0M | ||
| Q1 25 | — | $712.4M | ||
| Q4 24 | — | $693.9M | ||
| Q3 24 | — | $704.1M | ||
| Q2 24 | — | $573.7M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $653.9M | ||
| Q2 25 | $3.6B | $649.4M | ||
| Q1 25 | $3.5B | $636.7M | ||
| Q4 24 | $3.3B | $640.5M | ||
| Q3 24 | $3.4B | $680.8M | ||
| Q2 24 | $3.1B | $653.3M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | — | ||
| Q3 25 | $32.3B | $1.8B | ||
| Q2 25 | $32.3B | $1.8B | ||
| Q1 25 | $32.4B | $1.8B | ||
| Q4 24 | $32.0B | $1.7B | ||
| Q3 24 | $31.5B | $1.8B | ||
| Q2 24 | $30.6B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.88× |
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 | — | $38.4M |
| Free Cash FlowOCF − Capex | — | $32.9M |
| FCF MarginFCF / Revenue | — | 6.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | $38.4M | ||
| Q2 25 | $111.2M | $33.3M | ||
| Q1 25 | $138.6M | $-4.8M | ||
| Q4 24 | $577.9M | $45.7M | ||
| Q3 24 | $431.7M | $-17.3M | ||
| Q2 24 | $147.4M | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | $32.9M | ||
| Q2 25 | $100.5M | $28.7M | ||
| Q1 25 | $126.0M | $-10.4M | ||
| Q4 24 | $531.7M | $41.1M | ||
| Q3 24 | $419.1M | $-20.5M | ||
| Q2 24 | $138.9M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | 6.3% | ||
| Q2 25 | 22.5% | 5.7% | ||
| Q1 25 | 29.4% | -2.2% | ||
| Q4 24 | 126.0% | 8.6% | ||
| Q3 24 | 99.5% | -4.4% | ||
| Q2 24 | 33.5% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | 1.1% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 2.9% | 1.2% | ||
| Q4 24 | 10.9% | 1.0% | ||
| Q3 24 | 3.0% | 0.7% | ||
| Q2 24 | 2.1% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 5.95× | ||
| Q2 25 | 0.73× | 6.66× | ||
| Q1 25 | 1.05× | -1.46× | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | -0.79× | ||
| Q2 24 | 1.06× | 11.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
