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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Innovex International, Inc. (INVX). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $273.6M, roughly 1.7× Innovex International, Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 5.1%, a 24.7% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% 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.
CBSH vs INVX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $273.6M |
| Net Profit | $141.6M | $14.0M |
| Gross Margin | — | 28.9% |
| Operating Margin | — | 9.4% |
| Net Margin | 29.8% | 5.1% |
| Revenue YoY | 11.1% | 9.1% |
| Net Profit YoY | 10.5% | -56.1% |
| EPS (diluted) | $0.96 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $441.0M | $240.0M | ||
| Q2 25 | $445.8M | $224.2M | ||
| Q1 25 | $428.1M | $240.4M | ||
| Q4 24 | $422.1M | $250.7M | ||
| Q3 24 | $421.4M | $151.8M | ||
| Q2 24 | $414.5M | $130.3M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $14.0M | ||
| Q3 25 | $141.5M | $39.2M | ||
| Q2 25 | $152.5M | $15.3M | ||
| Q1 25 | $131.6M | $14.8M | ||
| Q4 24 | $136.1M | $31.8M | ||
| Q3 24 | $138.0M | $82.6M | ||
| Q2 24 | $139.6M | $9.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.3% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 9.4% | ||
| Q3 25 | 41.9% | 26.0% | ||
| Q2 25 | 44.0% | 10.1% | ||
| Q1 25 | 39.2% | 9.1% | ||
| Q4 24 | 41.2% | 10.7% | ||
| Q3 24 | 42.4% | -8.7% | ||
| Q2 24 | 43.4% | 10.0% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 5.1% | ||
| Q3 25 | 32.1% | 16.3% | ||
| Q2 25 | 34.2% | 6.8% | ||
| Q1 25 | 30.7% | 6.1% | ||
| Q4 24 | 32.2% | 12.7% | ||
| Q3 24 | 32.8% | 54.4% | ||
| Q2 24 | 33.7% | 7.3% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.20 | ||
| Q3 25 | $1.06 | $0.57 | ||
| Q2 25 | $1.14 | $0.22 | ||
| Q1 25 | $0.98 | $0.21 | ||
| Q4 24 | $0.83 | $-0.03 | ||
| Q3 24 | $1.01 | $1.99 | ||
| Q2 24 | $1.03 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $18.9M |
| Stockholders' EquityBook value | $4.3B | $1.1B |
| Total Assets | $35.7B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $185.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $18.9M | ||
| Q3 25 | — | $20.1M | ||
| Q2 25 | — | $34.8M | ||
| Q1 25 | — | $19.7M | ||
| Q4 24 | — | $24.9M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | — | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.8B | $1.0B | ||
| Q2 25 | $3.6B | $995.6M | ||
| Q1 25 | $3.5B | $978.4M | ||
| Q4 24 | $3.3B | $958.2M | ||
| Q3 24 | $3.4B | $904.4M | ||
| Q2 24 | $3.1B | $352.5M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.3B | ||
| Q3 25 | $32.3B | $1.3B | ||
| Q2 25 | $32.3B | $1.2B | ||
| Q1 25 | $32.4B | $1.2B | ||
| Q4 24 | $32.0B | $1.2B | ||
| Q3 24 | $31.5B | $1.1B | ||
| Q2 24 | $30.6B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.01× | ||
| 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 | — | $52.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $52.2M | ||
| Q3 25 | $129.0M | $48.4M | ||
| Q2 25 | $111.2M | $59.2M | ||
| Q1 25 | $138.6M | $31.1M | ||
| Q4 24 | $577.9M | $36.3M | ||
| Q3 24 | $431.7M | $21.7M | ||
| Q2 24 | $147.4M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $100.5M | — | ||
| Q1 25 | $126.0M | — | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | $16.6M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | 12.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 3.74× | ||
| Q3 25 | 0.91× | 1.23× | ||
| Q2 25 | 0.73× | 3.86× | ||
| Q1 25 | 1.05× | 2.11× | ||
| Q4 24 | 4.25× | 1.14× | ||
| Q3 24 | 3.13× | 0.26× | ||
| Q2 24 | 1.06× | 2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
