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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $273.0M, roughly 1.7× Forestar Group Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 5.6%, a 24.1% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 9.0%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
CBSH vs FOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $273.0M |
| Net Profit | $141.6M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | — | 7.6% |
| Net Margin | 29.8% | 5.6% |
| Revenue YoY | 11.1% | 9.0% |
| Net Profit YoY | 10.5% | -6.7% |
| EPS (diluted) | $0.96 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $441.0M | $670.5M | ||
| Q2 25 | $445.8M | $390.5M | ||
| Q1 25 | $428.1M | $351.0M | ||
| Q4 24 | $422.1M | $250.4M | ||
| Q3 24 | $421.4M | $551.3M | ||
| Q2 24 | $414.5M | $318.4M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $15.4M | ||
| Q3 25 | $141.5M | $86.9M | ||
| Q2 25 | $152.5M | $32.9M | ||
| Q1 25 | $131.6M | $31.6M | ||
| Q4 24 | $136.1M | $16.5M | ||
| Q3 24 | $138.0M | $81.5M | ||
| Q2 24 | $139.6M | $38.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 7.6% | ||
| Q3 25 | 41.9% | 16.9% | ||
| Q2 25 | 44.0% | 11.2% | ||
| Q1 25 | 39.2% | 11.6% | ||
| Q4 24 | 41.2% | 8.7% | ||
| Q3 24 | 42.4% | 19.7% | ||
| Q2 24 | 43.4% | 16.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 5.6% | ||
| Q3 25 | 32.1% | 13.0% | ||
| Q2 25 | 34.2% | 8.4% | ||
| Q1 25 | 30.7% | 9.0% | ||
| Q4 24 | 32.2% | 6.6% | ||
| Q3 24 | 32.8% | 14.8% | ||
| Q2 24 | 33.7% | 12.2% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.30 | ||
| Q3 25 | $1.06 | $1.70 | ||
| Q2 25 | $1.14 | $0.65 | ||
| Q1 25 | $0.98 | $0.62 | ||
| Q4 24 | $0.83 | $0.32 | ||
| Q3 24 | $1.01 | $1.59 | ||
| Q2 24 | $1.03 | $0.76 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $4.3B | $1.8B |
| Total Assets | $35.7B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $211.7M | ||
| Q3 25 | — | $379.2M | ||
| Q2 25 | — | $189.2M | ||
| Q1 25 | — | $174.3M | ||
| Q4 24 | — | $132.0M | ||
| Q3 24 | — | $481.2M | ||
| Q2 24 | — | $359.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.8B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.6B | $1.7B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.3B | $1.6B | ||
| Q3 24 | $3.4B | $1.6B | ||
| Q2 24 | $3.1B | $1.5B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $3.2B | ||
| Q3 25 | $32.3B | $3.1B | ||
| Q2 25 | $32.3B | $3.1B | ||
| Q1 25 | $32.4B | $3.0B | ||
| Q4 24 | $32.0B | $3.0B | ||
| Q3 24 | $31.5B | $2.8B | ||
| Q2 24 | $30.6B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× |
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 | — | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $-157.0M | ||
| Q3 25 | $129.0M | $256.3M | ||
| Q2 25 | $111.2M | $15.8M | ||
| Q1 25 | $138.6M | $-19.8M | ||
| Q4 24 | $577.9M | $-450.0M | ||
| Q3 24 | $431.7M | $119.2M | ||
| Q2 24 | $147.4M | $-61.7M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $-157.1M | ||
| Q3 25 | $113.3M | $255.6M | ||
| Q2 25 | $100.5M | $15.0M | ||
| Q1 25 | $126.0M | $-20.5M | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | $118.4M | ||
| Q2 24 | $138.9M | $-62.3M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | -57.5% | ||
| Q3 25 | 25.7% | 38.1% | ||
| Q2 25 | 22.5% | 3.8% | ||
| Q1 25 | 29.4% | -5.8% | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | 21.5% | ||
| Q2 24 | 33.5% | -19.6% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.0% | ||
| Q3 25 | 3.6% | 0.1% | ||
| Q2 25 | 2.4% | 0.2% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 3.0% | 0.1% | ||
| Q2 24 | 2.1% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | -10.19× | ||
| Q3 25 | 0.91× | 2.95× | ||
| Q2 25 | 0.73× | 0.48× | ||
| Q1 25 | 1.05× | -0.63× | ||
| Q4 24 | 4.25× | -27.27× | ||
| Q3 24 | 3.13× | 1.46× | ||
| Q2 24 | 1.06× | -1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
