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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $475.7M, roughly 1.7× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 18.2%, a 11.5% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 11.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% 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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
CBSH vs FFIV — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $811.7M |
| Net Profit | $141.6M | $148.0M |
| Gross Margin | — | 81.4% |
| Operating Margin | — | 22.1% |
| Net Margin | 29.8% | 18.2% |
| Revenue YoY | 11.1% | 11.0% |
| Net Profit YoY | 10.5% | 1.5% |
| EPS (diluted) | $0.96 | $2.58 |
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 | $811.7M | ||
| Q4 25 | $449.4M | $822.5M | ||
| Q3 25 | $441.0M | $810.1M | ||
| Q2 25 | $445.8M | $780.4M | ||
| Q1 25 | $428.1M | $731.1M | ||
| Q4 24 | $422.1M | $766.5M | ||
| Q3 24 | $421.4M | $746.7M | ||
| Q2 24 | $414.5M | $695.5M |
| Q1 26 | $141.6M | $148.0M | ||
| Q4 25 | $140.7M | $180.1M | ||
| Q3 25 | $141.5M | $190.5M | ||
| Q2 25 | $152.5M | $189.9M | ||
| Q1 25 | $131.6M | $145.5M | ||
| Q4 24 | $136.1M | $166.4M | ||
| Q3 24 | $138.0M | $165.3M | ||
| Q2 24 | $139.6M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 81.0% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.8% | ||
| Q2 24 | — | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | 40.8% | 26.0% | ||
| Q3 25 | 41.9% | 25.4% | ||
| Q2 25 | 44.0% | 25.2% | ||
| Q1 25 | 39.2% | 21.7% | ||
| Q4 24 | 41.2% | 26.8% | ||
| Q3 24 | 42.4% | 25.6% | ||
| Q2 24 | 43.4% | 23.4% |
| Q1 26 | 29.8% | 18.2% | ||
| Q4 25 | 31.3% | 21.9% | ||
| Q3 25 | 32.1% | 23.5% | ||
| Q2 25 | 34.2% | 24.3% | ||
| Q1 25 | 30.7% | 19.9% | ||
| Q4 24 | 32.2% | 21.7% | ||
| Q3 24 | 32.8% | 22.1% | ||
| Q2 24 | 33.7% | 20.7% |
| Q1 26 | $0.96 | $2.58 | ||
| Q4 25 | $0.86 | $3.10 | ||
| Q3 25 | $1.06 | $3.25 | ||
| Q2 25 | $1.14 | $3.25 | ||
| Q1 25 | $0.98 | $2.48 | ||
| Q4 24 | $0.83 | $2.82 | ||
| Q3 24 | $1.01 | $2.79 | ||
| Q2 24 | $1.03 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $3.6B |
| Total Assets | $35.7B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $935.6M |
| Q1 26 | $4.3B | $3.6B | ||
| Q4 25 | $3.8B | $3.5B | ||
| Q3 25 | $3.8B | $3.6B | ||
| Q2 25 | $3.6B | $3.5B | ||
| Q1 25 | $3.5B | $3.3B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $3.4B | $3.1B | ||
| Q2 24 | $3.1B | $3.0B |
| Q1 26 | $35.7B | $6.5B | ||
| Q4 25 | $32.9B | $6.3B | ||
| Q3 25 | $32.3B | $6.3B | ||
| Q2 25 | $32.3B | $6.1B | ||
| Q1 25 | $32.4B | $5.9B | ||
| Q4 24 | $32.0B | $5.9B | ||
| Q3 24 | $31.5B | $5.6B | ||
| Q2 24 | $30.6B | $5.4B |
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 | — | $525.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $645.1M | $159.2M | ||
| Q3 25 | $129.0M | $208.1M | ||
| Q2 25 | $111.2M | $282.2M | ||
| Q1 25 | $138.6M | $256.6M | ||
| Q4 24 | $577.9M | $202.8M | ||
| Q3 24 | $431.7M | $246.5M | ||
| Q2 24 | $147.4M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $149.5M | ||
| Q3 25 | $113.3M | $191.9M | ||
| Q2 25 | $100.5M | $273.7M | ||
| Q1 25 | $126.0M | $246.1M | ||
| Q4 24 | $531.7M | $194.7M | ||
| Q3 24 | $419.1M | $240.4M | ||
| Q2 24 | $138.9M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 18.2% | ||
| Q3 25 | 25.7% | 23.7% | ||
| Q2 25 | 22.5% | 35.1% | ||
| Q1 25 | 29.4% | 33.7% | ||
| Q4 24 | 126.0% | 25.4% | ||
| Q3 24 | 99.5% | 32.2% | ||
| Q2 24 | 33.5% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.2% | ||
| Q3 25 | 3.6% | 2.0% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 2.9% | 1.4% | ||
| Q4 24 | 10.9% | 1.1% | ||
| Q3 24 | 3.0% | 0.8% | ||
| Q2 24 | 2.1% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 4.59× | 0.88× | ||
| Q3 25 | 0.91× | 1.09× | ||
| Q2 25 | 0.73× | 1.49× | ||
| Q1 25 | 1.05× | 1.76× | ||
| Q4 24 | 4.25× | 1.22× | ||
| Q3 24 | 3.13× | 1.49× | ||
| Q2 24 | 1.06× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
