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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and IDEX Corporation (IEX). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $398.4M, roughly 1.2× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 29.8%, a 0.3% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 11.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
CBSH vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $398.4M |
| Net Profit | $141.6M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | — | 43.3% |
| Net Margin | 29.8% | 30.1% |
| Revenue YoY | 11.1% | 16.7% |
| Net Profit YoY | 10.5% | 25.7% |
| EPS (diluted) | $0.96 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $475.7M | $407.7M | ||
| Q4 25 | $449.4M | $899.1M | ||
| Q3 25 | $441.0M | $878.7M | ||
| Q2 25 | $445.8M | $865.4M | ||
| Q1 25 | $428.1M | $814.3M | ||
| Q4 24 | $422.1M | $862.9M | ||
| Q3 24 | $421.4M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $141.6M | $128.3M | ||
| Q4 25 | $140.7M | $128.3M | ||
| Q3 25 | $141.5M | $127.8M | ||
| Q2 25 | $152.5M | $131.6M | ||
| Q1 25 | $131.6M | $95.5M | ||
| Q4 24 | $136.1M | $123.2M | ||
| Q3 24 | $138.0M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 40.8% | 20.4% | ||
| Q3 25 | 41.9% | 21.1% | ||
| Q2 25 | 44.0% | 21.7% | ||
| Q1 25 | 39.2% | 17.4% | ||
| Q4 24 | 41.2% | 19.2% | ||
| Q3 24 | 42.4% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 29.8% | 31.5% | ||
| Q4 25 | 31.3% | 14.3% | ||
| Q3 25 | 32.1% | 14.5% | ||
| Q2 25 | 34.2% | 15.2% | ||
| Q1 25 | 30.7% | 11.7% | ||
| Q4 24 | 32.2% | 14.3% | ||
| Q3 24 | 32.8% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $0.96 | $1.71 | ||
| Q4 25 | $0.86 | $1.71 | ||
| Q3 25 | $1.06 | $1.70 | ||
| Q2 25 | $1.14 | $1.74 | ||
| Q1 25 | $0.98 | $1.26 | ||
| Q4 24 | $0.83 | $1.61 | ||
| Q3 24 | $1.01 | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $4.0B |
| Total Assets | $35.7B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | — | $580.0M | ||
| Q3 25 | — | $593.8M | ||
| Q2 25 | — | $568.2M | ||
| Q1 25 | — | $594.1M | ||
| Q4 24 | — | $620.8M | ||
| Q3 24 | — | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $4.3B | $4.0B | ||
| Q4 25 | $3.8B | $4.0B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.6B | $4.0B | ||
| Q1 25 | $3.5B | $3.9B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.4B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $35.7B | $6.9B | ||
| Q4 25 | $32.9B | $6.9B | ||
| Q3 25 | $32.3B | $7.0B | ||
| Q2 25 | $32.3B | $6.9B | ||
| Q1 25 | $32.4B | $6.8B | ||
| Q4 24 | $32.0B | $6.7B | ||
| Q3 24 | $31.5B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $86.0M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $209.5M | ||
| Q3 25 | $129.0M | $203.5M | ||
| Q2 25 | $111.2M | $161.7M | ||
| Q1 25 | $138.6M | $105.7M | ||
| Q4 24 | $577.9M | $172.6M | ||
| Q3 24 | $431.7M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $592.4M | $189.8M | ||
| Q3 25 | $113.3M | $188.7M | ||
| Q2 25 | $100.5M | $146.9M | ||
| Q1 25 | $126.0M | $91.4M | ||
| Q4 24 | $531.7M | $157.1M | ||
| Q3 24 | $419.1M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 131.8% | 21.1% | ||
| Q3 25 | 25.7% | 21.5% | ||
| Q2 25 | 22.5% | 17.0% | ||
| Q1 25 | 29.4% | 11.2% | ||
| Q4 24 | 126.0% | 18.2% | ||
| Q3 24 | 99.5% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 11.7% | 2.2% | ||
| Q3 25 | 3.6% | 1.7% | ||
| Q2 25 | 2.4% | 1.7% | ||
| Q1 25 | 2.9% | 1.8% | ||
| Q4 24 | 10.9% | 1.8% | ||
| Q3 24 | 3.0% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 1.63× | ||
| Q3 25 | 0.91× | 1.59× | ||
| Q2 25 | 0.73× | 1.23× | ||
| Q1 25 | 1.05× | 1.11× | ||
| Q4 24 | 4.25× | 1.40× | ||
| Q3 24 | 3.13× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
