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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $289.7M, roughly 1.6× ESCO TECHNOLOGIES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 9.9%, a 19.9% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 11.1%). Over the past eight quarters, ESCO TECHNOLOGIES INC's revenue compounded faster (7.8% 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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
CBSH vs ESE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $289.7M |
| Net Profit | $141.6M | $28.7M |
| Gross Margin | — | 41.4% |
| Operating Margin | — | 13.2% |
| Net Margin | 29.8% | 9.9% |
| Revenue YoY | 11.1% | 17.3% |
| Net Profit YoY | 10.5% | 22.2% |
| EPS (diluted) | $0.96 | $1.11 |
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 | $289.7M | ||
| Q3 25 | $441.0M | $286.5M | ||
| Q2 25 | $445.8M | $296.3M | ||
| Q1 25 | $428.1M | $265.5M | ||
| Q4 24 | $422.1M | $247.0M | ||
| Q3 24 | $421.4M | $298.5M | ||
| Q2 24 | $414.5M | $260.8M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $28.7M | ||
| Q3 25 | $141.5M | $218.7M | ||
| Q2 25 | $152.5M | $26.1M | ||
| Q1 25 | $131.6M | $31.0M | ||
| Q4 24 | $136.1M | $23.5M | ||
| Q3 24 | $138.0M | $34.3M | ||
| Q2 24 | $139.6M | $29.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 45.9% | ||
| Q2 25 | — | 41.2% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | — | 40.1% | ||
| Q2 24 | — | 39.6% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 13.2% | ||
| Q3 25 | 41.9% | 17.2% | ||
| Q2 25 | 44.0% | 11.2% | ||
| Q1 25 | 39.2% | 15.3% | ||
| Q4 24 | 41.2% | 11.4% | ||
| Q3 24 | 42.4% | 14.8% | ||
| Q2 24 | 43.4% | 14.3% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 9.9% | ||
| Q3 25 | 32.1% | 76.3% | ||
| Q2 25 | 34.2% | 8.8% | ||
| Q1 25 | 30.7% | 11.7% | ||
| Q4 24 | 32.2% | 9.5% | ||
| Q3 24 | 32.8% | 11.5% | ||
| Q2 24 | 33.7% | 11.2% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $1.11 | ||
| Q3 25 | $1.06 | $8.43 | ||
| Q2 25 | $1.14 | $1.01 | ||
| Q1 25 | $0.98 | $1.20 | ||
| Q4 24 | $0.83 | $0.91 | ||
| Q3 24 | $1.01 | $1.32 | ||
| Q2 24 | $1.03 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $103.8M |
| Total DebtLower is stronger | — | $145.5M |
| Stockholders' EquityBook value | $4.3B | $1.6B |
| Total Assets | $35.7B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $103.8M | ||
| Q3 25 | — | $101.3M | ||
| Q2 25 | — | $78.7M | ||
| Q1 25 | — | $57.4M | ||
| Q4 24 | — | $71.3M | ||
| Q3 24 | — | $66.0M | ||
| Q2 24 | — | $63.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $173.0M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.6B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.6B | $1.3B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.1B | $1.2B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.4B | ||
| Q3 25 | $32.3B | $2.4B | ||
| Q2 25 | $32.3B | $2.5B | ||
| Q1 25 | $32.4B | $1.8B | ||
| Q4 24 | $32.0B | $1.8B | ||
| Q3 24 | $31.5B | $1.8B | ||
| Q2 24 | $30.6B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× |
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 | — | $68.9M |
| Free Cash FlowOCF − Capex | — | $63.0M |
| FCF MarginFCF / Revenue | — | 21.7% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $68.9M | ||
| Q3 25 | $129.0M | $109.9M | ||
| Q2 25 | $111.2M | $73.7M | ||
| Q1 25 | $138.6M | $24.1M | ||
| Q4 24 | $577.9M | $34.2M | ||
| Q3 24 | $431.7M | $72.1M | ||
| Q2 24 | $147.4M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $63.0M | ||
| Q3 25 | $113.3M | $97.8M | ||
| Q2 25 | $100.5M | $64.9M | ||
| Q1 25 | $126.0M | $14.0M | ||
| Q4 24 | $531.7M | $29.0M | ||
| Q3 24 | $419.1M | $60.9M | ||
| Q2 24 | $138.9M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 21.7% | ||
| Q3 25 | 25.7% | 34.1% | ||
| Q2 25 | 22.5% | 21.9% | ||
| Q1 25 | 29.4% | 5.3% | ||
| Q4 24 | 126.0% | 11.7% | ||
| Q3 24 | 99.5% | 20.4% | ||
| Q2 24 | 33.5% | 10.6% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.0% | ||
| Q3 25 | 3.6% | 4.2% | ||
| Q2 25 | 2.4% | 3.0% | ||
| Q1 25 | 2.9% | 3.8% | ||
| Q4 24 | 10.9% | 2.1% | ||
| Q3 24 | 3.0% | 3.8% | ||
| Q2 24 | 2.1% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 2.40× | ||
| Q3 25 | 0.91× | 0.50× | ||
| Q2 25 | 0.73× | 2.83× | ||
| Q1 25 | 1.05× | 0.78× | ||
| Q4 24 | 4.25× | 1.46× | ||
| Q3 24 | 3.13× | 2.10× | ||
| Q2 24 | 1.06× | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
