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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $270.8M, roughly 1.8× HUTCHMED (China) Ltd). 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 -16.5%).
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.
HUTCHMED (China) LtdHCMEarnings & Financial Report
HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.
CBSH vs HCM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $270.8M |
| Net Profit | $141.6M | $2.0M |
| Gross Margin | — | 37.7% |
| Operating Margin | — | -13.2% |
| Net Margin | 29.8% | 0.7% |
| Revenue YoY | 11.1% | -16.5% |
| Net Profit YoY | 10.5% | -83.6% |
| EPS (diluted) | $0.96 | $0.00 |
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 | $270.8M | ||
| Q3 25 | $441.0M | — | ||
| Q2 25 | $445.8M | $277.7M | ||
| Q1 25 | $428.1M | $324.5M | ||
| Q4 24 | $422.1M | — | ||
| Q3 24 | $421.4M | — | ||
| Q2 24 | $414.5M | $305.7M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $2.0M | ||
| Q3 25 | $141.5M | — | ||
| Q2 25 | $152.5M | $455.0M | ||
| Q1 25 | $131.6M | $11.9M | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $138.0M | — | ||
| Q2 24 | $139.6M | $25.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 41.1% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -13.2% | ||
| Q3 25 | 41.9% | — | ||
| Q2 25 | 44.0% | -1.3% | ||
| Q1 25 | 39.2% | -5.0% | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 42.4% | — | ||
| Q2 24 | 43.4% | -9.0% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 0.7% | ||
| Q3 25 | 32.1% | — | ||
| Q2 25 | 34.2% | 163.8% | ||
| Q1 25 | 30.7% | 3.7% | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.7% | 8.4% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.00 | ||
| Q3 25 | $1.06 | — | ||
| Q2 25 | $1.14 | $0.52 | ||
| Q1 25 | $0.98 | $0.01 | ||
| Q4 24 | $0.83 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $1.03 | $0.03 |
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 | — | $93.2M |
| Stockholders' EquityBook value | $4.3B | $1.2B |
| Total Assets | $35.7B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $836.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $802.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | — | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.2B | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.5B | $759.9M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.1B | $740.1M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.8B | ||
| Q3 25 | $32.3B | — | ||
| Q2 25 | $32.3B | $1.8B | ||
| Q1 25 | $32.4B | $1.3B | ||
| Q4 24 | $32.0B | — | ||
| Q3 24 | $31.5B | — | ||
| Q2 24 | $30.6B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× |
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 | — | $8.2M |
| Free Cash FlowOCF − Capex | — | $3.4M |
| FCF MarginFCF / Revenue | — | 1.2% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $8.2M | ||
| Q3 25 | $129.0M | — | ||
| Q2 25 | $111.2M | $-72.9M | ||
| Q1 25 | $138.6M | $40.3M | ||
| Q4 24 | $577.9M | — | ||
| Q3 24 | $431.7M | — | ||
| Q2 24 | $147.4M | $-39.8M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $3.4M | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $100.5M | $-82.2M | ||
| Q1 25 | $126.0M | $32.5M | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | $-49.9M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 1.2% | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 22.5% | -29.6% | ||
| Q1 25 | 29.4% | 10.0% | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | -16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.8% | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.4% | 3.3% | ||
| Q1 25 | 2.9% | 2.4% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 4.21× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | -0.16× | ||
| Q1 25 | 1.05× | 3.38× | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | -1.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
