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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Installed Building Products, Inc. is the larger business by last-quarter revenue ($747.5M vs $475.7M, roughly 1.6× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 10.2%, a 19.5% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -0.4%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 3.9%).
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.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
CBSH vs IBP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $747.5M |
| Net Profit | $141.6M | $76.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | — | 14.6% |
| Net Margin | 29.8% | 10.2% |
| Revenue YoY | 11.1% | -0.4% |
| Net Profit YoY | 10.5% | 14.5% |
| EPS (diluted) | $0.96 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $441.0M | $778.2M | ||
| Q2 25 | $445.8M | $760.3M | ||
| Q1 25 | $428.1M | $684.8M | ||
| Q4 24 | $422.1M | $750.2M | ||
| Q3 24 | $421.4M | $760.6M | ||
| Q2 24 | $414.5M | $737.6M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $76.6M | ||
| Q3 25 | $141.5M | $74.4M | ||
| Q2 25 | $152.5M | $69.0M | ||
| Q1 25 | $131.6M | $45.4M | ||
| Q4 24 | $136.1M | $66.9M | ||
| Q3 24 | $138.0M | $68.6M | ||
| Q2 24 | $139.6M | $65.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 14.6% | ||
| Q3 25 | 41.9% | 13.7% | ||
| Q2 25 | 44.0% | 13.3% | ||
| Q1 25 | 39.2% | 10.2% | ||
| Q4 24 | 41.2% | 13.1% | ||
| Q3 24 | 42.4% | 13.3% | ||
| Q2 24 | 43.4% | 12.9% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 10.2% | ||
| Q3 25 | 32.1% | 9.6% | ||
| Q2 25 | 34.2% | 9.1% | ||
| Q1 25 | 30.7% | 6.6% | ||
| Q4 24 | 32.2% | 8.9% | ||
| Q3 24 | 32.8% | 9.0% | ||
| Q2 24 | 33.7% | 8.8% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $2.81 | ||
| Q3 25 | $1.06 | $2.74 | ||
| Q2 25 | $1.14 | $2.52 | ||
| Q1 25 | $0.98 | $1.64 | ||
| Q4 24 | $0.83 | $2.39 | ||
| Q3 24 | $1.01 | $2.44 | ||
| Q2 24 | $1.03 | $2.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $4.3B | $709.9M |
| Total Assets | $35.7B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $321.9M | ||
| Q3 25 | — | $333.3M | ||
| Q2 25 | — | $305.2M | ||
| Q1 25 | — | $298.7M | ||
| Q4 24 | — | $327.6M | ||
| Q3 24 | — | $406.2M | ||
| Q2 24 | — | $380.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $709.9M | ||
| Q3 25 | $3.8B | $678.6M | ||
| Q2 25 | $3.6B | $664.5M | ||
| Q1 25 | $3.5B | $660.9M | ||
| Q4 24 | $3.3B | $705.3M | ||
| Q3 24 | $3.4B | $716.4M | ||
| Q2 24 | $3.1B | $685.3M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.1B | ||
| Q3 25 | $32.3B | $2.1B | ||
| Q2 25 | $32.3B | $2.0B | ||
| Q1 25 | $32.4B | $2.0B | ||
| Q4 24 | $32.0B | $2.1B | ||
| Q3 24 | $31.5B | $2.1B | ||
| Q2 24 | $30.6B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× |
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 | — | $64.9M |
| Free Cash FlowOCF − Capex | — | $49.3M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $64.9M | ||
| Q3 25 | $129.0M | $124.0M | ||
| Q2 25 | $111.2M | $90.4M | ||
| Q1 25 | $138.6M | $92.1M | ||
| Q4 24 | $577.9M | $74.8M | ||
| Q3 24 | $431.7M | $101.4M | ||
| Q2 24 | $147.4M | $79.0M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $49.3M | ||
| Q3 25 | $113.3M | $104.8M | ||
| Q2 25 | $100.5M | $74.8M | ||
| Q1 25 | $126.0M | $71.9M | ||
| Q4 24 | $531.7M | $52.9M | ||
| Q3 24 | $419.1M | $77.3M | ||
| Q2 24 | $138.9M | $58.2M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 6.6% | ||
| Q3 25 | 25.7% | 13.5% | ||
| Q2 25 | 22.5% | 9.8% | ||
| Q1 25 | 29.4% | 10.5% | ||
| Q4 24 | 126.0% | 7.1% | ||
| Q3 24 | 99.5% | 10.2% | ||
| Q2 24 | 33.5% | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.1% | ||
| Q3 25 | 3.6% | 2.5% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 2.9% | 2.9% | ||
| Q4 24 | 10.9% | 2.9% | ||
| Q3 24 | 3.0% | 3.2% | ||
| Q2 24 | 2.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 0.85× | ||
| Q3 25 | 0.91× | 1.67× | ||
| Q2 25 | 0.73× | 1.31× | ||
| Q1 25 | 1.05× | 2.03× | ||
| Q4 24 | 4.25× | 1.12× | ||
| Q3 24 | 3.13× | 1.48× | ||
| Q2 24 | 1.06× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
