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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
Global Business Travel Group, Inc. is the larger business by last-quarter revenue ($792.0M vs $475.7M, roughly 1.7× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 10.5%, a 19.3% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 11.1%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% 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.
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
CBSH vs GBTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $792.0M |
| Net Profit | $141.6M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | — | 3.7% |
| Net Margin | 29.8% | 10.5% |
| Revenue YoY | 11.1% | 34.0% |
| Net Profit YoY | 10.5% | 692.9% |
| EPS (diluted) | $0.96 | $0.16 |
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 | $792.0M | ||
| Q3 25 | $441.0M | $674.0M | ||
| Q2 25 | $445.8M | $631.0M | ||
| Q1 25 | $428.1M | $621.0M | ||
| Q4 24 | $422.1M | $591.0M | ||
| Q3 24 | $421.4M | $597.0M | ||
| Q2 24 | $414.5M | $625.0M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $83.0M | ||
| Q3 25 | $141.5M | $-62.0M | ||
| Q2 25 | $152.5M | $15.0M | ||
| Q1 25 | $131.6M | $75.0M | ||
| Q4 24 | $136.1M | $-14.0M | ||
| Q3 24 | $138.0M | $-128.0M | ||
| Q2 24 | $139.6M | $27.0M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 3.7% | ||
| Q3 25 | 41.9% | 1.8% | ||
| Q2 25 | 44.0% | 5.4% | ||
| Q1 25 | 39.2% | 8.9% | ||
| Q4 24 | 41.2% | 5.1% | ||
| Q3 24 | 42.4% | 4.5% | ||
| Q2 24 | 43.4% | 6.7% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 10.5% | ||
| Q3 25 | 32.1% | -9.2% | ||
| Q2 25 | 34.2% | 2.4% | ||
| Q1 25 | 30.7% | 12.1% | ||
| Q4 24 | 32.2% | -2.4% | ||
| Q3 24 | 32.8% | -21.4% | ||
| Q2 24 | 33.7% | 4.3% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.16 | ||
| Q3 25 | $1.06 | $-0.13 | ||
| Q2 25 | $1.14 | $0.03 | ||
| Q1 25 | $0.98 | $0.16 | ||
| Q4 24 | $0.83 | $-0.04 | ||
| Q3 24 | $1.01 | $-0.28 | ||
| Q2 24 | $1.03 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $434.0M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $4.3B | $1.6B |
| Total Assets | $35.7B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $434.0M | ||
| Q3 25 | — | $427.0M | ||
| Q2 25 | — | $601.0M | ||
| Q1 25 | — | $552.0M | ||
| Q4 24 | — | $536.0M | ||
| Q3 24 | — | $524.0M | ||
| Q2 24 | — | $515.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.6B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.5B | $1.1B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.1B | $1.2B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $4.9B | ||
| Q3 25 | $32.3B | $4.8B | ||
| Q2 25 | $32.3B | $3.9B | ||
| Q1 25 | $32.4B | $3.8B | ||
| Q4 24 | $32.0B | $3.6B | ||
| Q3 24 | $31.5B | $3.8B | ||
| Q2 24 | $30.6B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | — |
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 | — | $52.0M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $52.0M | ||
| Q3 25 | $129.0M | $71.0M | ||
| Q2 25 | $111.2M | $57.0M | ||
| Q1 25 | $138.6M | $53.0M | ||
| Q4 24 | $577.9M | $65.0M | ||
| Q3 24 | $431.7M | $85.0M | ||
| Q2 24 | $147.4M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $13.0M | ||
| Q3 25 | $113.3M | $38.0M | ||
| Q2 25 | $100.5M | $27.0M | ||
| Q1 25 | $126.0M | $26.0M | ||
| Q4 24 | $531.7M | $33.0M | ||
| Q3 24 | $419.1M | $59.0M | ||
| Q2 24 | $138.9M | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 1.6% | ||
| Q3 25 | 25.7% | 5.6% | ||
| Q2 25 | 22.5% | 4.3% | ||
| Q1 25 | 29.4% | 4.2% | ||
| Q4 24 | 126.0% | 5.6% | ||
| Q3 24 | 99.5% | 9.9% | ||
| Q2 24 | 33.5% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 4.9% | ||
| Q3 25 | 3.6% | 4.9% | ||
| Q2 25 | 2.4% | 4.8% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 10.9% | 5.4% | ||
| Q3 24 | 3.0% | 4.4% | ||
| Q2 24 | 2.1% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 0.63× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | 3.80× | ||
| Q1 25 | 1.05× | 0.71× | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | 2.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
