vs
Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $475.7M, roughly 1.0× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 0.7%, a 29.1% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 7.9%). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% 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.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
CBSH vs EYE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $487.3M |
| Net Profit | $141.6M | $3.4M |
| Gross Margin | — | — |
| Operating Margin | — | 2.0% |
| Net Margin | 29.8% | 0.7% |
| Revenue YoY | 11.1% | 7.9% |
| Net Profit YoY | 10.5% | 139.8% |
| EPS (diluted) | $0.96 | $0.04 |
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 | $487.3M | ||
| Q2 25 | $445.8M | $486.4M | ||
| Q1 25 | $428.1M | $510.3M | ||
| Q4 24 | $422.1M | $437.3M | ||
| Q3 24 | $421.4M | $451.5M | ||
| Q2 24 | $414.5M | $451.7M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $3.4M | ||
| Q2 25 | $152.5M | $8.7M | ||
| Q1 25 | $131.6M | $14.2M | ||
| Q4 24 | $136.1M | $-28.6M | ||
| Q3 24 | $138.0M | $-8.5M | ||
| Q2 24 | $139.6M | $-3.1M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | 2.0% | ||
| Q2 25 | 44.0% | 3.4% | ||
| Q1 25 | 39.2% | 5.1% | ||
| Q4 24 | 41.2% | -5.8% | ||
| Q3 24 | 42.4% | -2.0% | ||
| Q2 24 | 43.4% | 0.1% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | 0.7% | ||
| Q2 25 | 34.2% | 1.8% | ||
| Q1 25 | 30.7% | 2.8% | ||
| Q4 24 | 32.2% | -6.5% | ||
| Q3 24 | 32.8% | -1.9% | ||
| Q2 24 | 33.7% | -0.7% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | $0.04 | ||
| Q2 25 | $1.14 | $0.11 | ||
| Q1 25 | $0.98 | $0.18 | ||
| Q4 24 | $0.83 | $-0.36 | ||
| Q3 24 | $1.01 | $-0.11 | ||
| 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 | — | $56.0M |
| Total DebtLower is stronger | — | $236.5M |
| Stockholders' EquityBook value | $4.3B | $858.8M |
| Total Assets | $35.7B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $56.0M | ||
| Q2 25 | — | $48.5M | ||
| Q1 25 | — | $80.0M | ||
| Q4 24 | — | $73.9M | ||
| Q3 24 | — | $81.2M | ||
| Q2 24 | — | $179.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $236.5M | ||
| Q2 25 | — | $255.6M | ||
| Q1 25 | — | $244.7M | ||
| Q4 24 | — | $248.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $143.9M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $858.8M | ||
| Q2 25 | $3.6B | $850.6M | ||
| Q1 25 | $3.5B | $836.2M | ||
| Q4 24 | $3.3B | $816.3M | ||
| Q3 24 | $3.4B | $840.0M | ||
| Q2 24 | $3.1B | $843.4M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | — | ||
| Q3 25 | $32.3B | $2.0B | ||
| Q2 25 | $32.3B | $2.0B | ||
| Q1 25 | $32.4B | $2.0B | ||
| Q4 24 | $32.0B | $2.0B | ||
| Q3 24 | $31.5B | $2.0B | ||
| Q2 24 | $30.6B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.17× |
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 | — | $46.6M |
| Free Cash FlowOCF − Capex | — | $30.3M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | $46.6M | ||
| Q2 25 | $111.2M | $54.3M | ||
| Q1 25 | $138.6M | $32.2M | ||
| Q4 24 | $577.9M | $30.3M | ||
| Q3 24 | $431.7M | $27.9M | ||
| Q2 24 | $147.4M | $51.5M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | $30.3M | ||
| Q2 25 | $100.5M | $42.4M | ||
| Q1 25 | $126.0M | $12.0M | ||
| Q4 24 | $531.7M | $-1.7M | ||
| Q3 24 | $419.1M | $4.1M | ||
| Q2 24 | $138.9M | $31.9M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | 6.2% | ||
| Q2 25 | 22.5% | 8.7% | ||
| Q1 25 | 29.4% | 2.4% | ||
| Q4 24 | 126.0% | -0.4% | ||
| Q3 24 | 99.5% | 0.9% | ||
| Q2 24 | 33.5% | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | 3.4% | ||
| Q2 25 | 2.4% | 2.4% | ||
| Q1 25 | 2.9% | 4.0% | ||
| Q4 24 | 10.9% | 7.3% | ||
| Q3 24 | 3.0% | 5.3% | ||
| Q2 24 | 2.1% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 13.83× | ||
| Q2 25 | 0.73× | 6.22× | ||
| Q1 25 | 1.05× | 2.27× | ||
| 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.
