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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $475.7M, roughly 1.0× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 17.9%, a 11.9% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 5.5%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 6.0%).
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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
CBSH vs ESS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $479.6M |
| Net Profit | $141.6M | $85.7M |
| Gross Margin | — | 70.0% |
| Operating Margin | — | 31.7% |
| Net Margin | 29.8% | 17.9% |
| Revenue YoY | 11.1% | 5.5% |
| Net Profit YoY | 10.5% | -71.6% |
| EPS (diluted) | $0.96 | $1.24 |
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 | $479.6M | ||
| Q3 25 | $441.0M | $473.3M | ||
| Q2 25 | $445.8M | $469.8M | ||
| Q1 25 | $428.1M | $464.6M | ||
| Q4 24 | $422.1M | $454.5M | ||
| Q3 24 | $421.4M | $450.7M | ||
| Q2 24 | $414.5M | $442.4M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $85.7M | ||
| Q3 25 | $141.5M | $172.7M | ||
| Q2 25 | $152.5M | $231.5M | ||
| Q1 25 | $131.6M | $212.8M | ||
| Q4 24 | $136.1M | $301.7M | ||
| Q3 24 | $138.0M | $125.5M | ||
| Q2 24 | $139.6M | $99.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 31.7% | ||
| Q3 25 | 41.9% | 44.5% | ||
| Q2 25 | 44.0% | 59.5% | ||
| Q1 25 | 39.2% | 55.3% | ||
| Q4 24 | 41.2% | 67.0% | ||
| Q3 24 | 42.4% | 28.6% | ||
| Q2 24 | 43.4% | 31.1% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 17.9% | ||
| Q3 25 | 32.1% | 36.5% | ||
| Q2 25 | 34.2% | 49.3% | ||
| Q1 25 | 30.7% | 45.8% | ||
| Q4 24 | 32.2% | 66.4% | ||
| Q3 24 | 32.8% | 27.8% | ||
| Q2 24 | 33.7% | 22.4% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $1.24 | ||
| Q3 25 | $1.06 | $2.56 | ||
| Q2 25 | $1.14 | $3.44 | ||
| Q1 25 | $0.98 | $3.16 | ||
| Q4 24 | $0.83 | $4.00 | ||
| Q3 24 | $1.01 | $1.84 | ||
| Q2 24 | $1.03 | $1.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $5.5B |
| Total Assets | $35.7B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $76.2M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $58.7M | ||
| Q1 25 | — | $98.7M | ||
| Q4 24 | — | $66.8M | ||
| Q3 24 | — | $71.3M | ||
| Q2 24 | — | $55.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $5.5B | ||
| Q3 25 | $3.8B | $5.6B | ||
| Q2 25 | $3.6B | $5.6B | ||
| Q1 25 | $3.5B | $5.6B | ||
| Q4 24 | $3.3B | $5.5B | ||
| Q3 24 | $3.4B | $5.4B | ||
| Q2 24 | $3.1B | $5.5B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $13.2B | ||
| Q3 25 | $32.3B | $13.2B | ||
| Q2 25 | $32.3B | $13.2B | ||
| Q1 25 | $32.4B | $13.2B | ||
| Q4 24 | $32.0B | $12.9B | ||
| Q3 24 | $31.5B | $12.6B | ||
| Q2 24 | $30.6B | $12.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $1.1B | ||
| Q3 25 | $129.0M | $342.6M | ||
| Q2 25 | $111.2M | $216.1M | ||
| Q1 25 | $138.6M | $281.5M | ||
| Q4 24 | $577.9M | $1.1B | ||
| Q3 24 | $431.7M | $316.2M | ||
| Q2 24 | $147.4M | $218.9M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $100.5M | — | ||
| Q1 25 | $126.0M | — | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 12.53× | ||
| Q3 25 | 0.91× | 1.98× | ||
| Q2 25 | 0.73× | 0.93× | ||
| Q1 25 | 1.05× | 1.32× | ||
| Q4 24 | 4.25× | 3.54× | ||
| Q3 24 | 3.13× | 2.52× | ||
| Q2 24 | 1.06× | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
