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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $432.7M, roughly 1.1× Koppers Holdings Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 6.9%, a 22.9% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -9.3%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -6.7%).
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.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
CBSH vs KOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $432.7M |
| Net Profit | $141.6M | $29.7M |
| Gross Margin | — | 25.6% |
| Operating Margin | — | 11.5% |
| Net Margin | 29.8% | 6.9% |
| Revenue YoY | 11.1% | -9.3% |
| Net Profit YoY | 10.5% | 391.2% |
| EPS (diluted) | $0.96 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $441.0M | $485.3M | ||
| Q2 25 | $445.8M | $504.8M | ||
| Q1 25 | $428.1M | $456.5M | ||
| Q4 24 | $422.1M | $477.0M | ||
| Q3 24 | $421.4M | $554.3M | ||
| Q2 24 | $414.5M | $563.2M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $29.7M | ||
| Q3 25 | $141.5M | $23.8M | ||
| Q2 25 | $152.5M | $16.4M | ||
| Q1 25 | $131.6M | $-13.9M | ||
| Q4 24 | $136.1M | $-10.2M | ||
| Q3 24 | $138.0M | $22.8M | ||
| Q2 24 | $139.6M | $26.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.6% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 21.6% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 11.5% | ||
| Q3 25 | 41.9% | 10.7% | ||
| Q2 25 | 44.0% | 7.7% | ||
| Q1 25 | 39.2% | 5.9% | ||
| Q4 24 | 41.2% | 1.3% | ||
| Q3 24 | 42.4% | 9.0% | ||
| Q2 24 | 43.4% | 10.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 6.9% | ||
| Q3 25 | 32.1% | 4.9% | ||
| Q2 25 | 34.2% | 3.2% | ||
| Q1 25 | 30.7% | -3.0% | ||
| Q4 24 | 32.2% | -2.1% | ||
| Q3 24 | 32.8% | 4.1% | ||
| Q2 24 | 33.7% | 4.8% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $1.44 | ||
| Q3 25 | $1.06 | $1.17 | ||
| Q2 25 | $1.14 | $0.81 | ||
| Q1 25 | $0.98 | $-0.68 | ||
| Q4 24 | $0.83 | $-0.47 | ||
| Q3 24 | $1.01 | $1.09 | ||
| Q2 24 | $1.03 | $1.25 |
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 | — | $928.3M |
| Stockholders' EquityBook value | $4.3B | $574.0M |
| Total Assets | $35.7B | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $928.3M | ||
| Q3 25 | — | $932.9M | ||
| Q2 25 | — | $977.5M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $939.5M | ||
| Q3 24 | — | $989.4M | ||
| Q2 24 | — | $1.0B |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $574.0M | ||
| Q3 25 | $3.8B | $545.6M | ||
| Q2 25 | $3.6B | $526.8M | ||
| Q1 25 | $3.5B | $498.0M | ||
| Q4 24 | $3.3B | $488.7M | ||
| Q3 24 | $3.4B | $532.3M | ||
| Q2 24 | $3.1B | $509.2M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.9B | ||
| Q3 25 | $32.3B | $1.9B | ||
| Q2 25 | $32.3B | $1.9B | ||
| Q1 25 | $32.4B | $1.9B | ||
| Q4 24 | $32.0B | $1.9B | ||
| Q3 24 | $31.5B | $2.0B | ||
| Q2 24 | $30.6B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.97× |
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 | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $28.5M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $45.1M | ||
| Q3 25 | $129.0M | $49.6M | ||
| Q2 25 | $111.2M | $50.5M | ||
| Q1 25 | $138.6M | $-22.7M | ||
| Q4 24 | $577.9M | $74.7M | ||
| Q3 24 | $431.7M | $29.8M | ||
| Q2 24 | $147.4M | $27.2M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $28.5M | ||
| Q3 25 | $113.3M | $37.6M | ||
| Q2 25 | $100.5M | $38.4M | ||
| Q1 25 | $126.0M | $-37.0M | ||
| Q4 24 | $531.7M | $56.1M | ||
| Q3 24 | $419.1M | $14.4M | ||
| Q2 24 | $138.9M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 6.6% | ||
| Q3 25 | 25.7% | 7.7% | ||
| Q2 25 | 22.5% | 7.6% | ||
| Q1 25 | 29.4% | -8.1% | ||
| Q4 24 | 126.0% | 11.8% | ||
| Q3 24 | 99.5% | 2.6% | ||
| Q2 24 | 33.5% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 3.8% | ||
| Q3 25 | 3.6% | 2.5% | ||
| Q2 25 | 2.4% | 2.4% | ||
| Q1 25 | 2.9% | 3.1% | ||
| Q4 24 | 10.9% | 3.9% | ||
| Q3 24 | 3.0% | 2.8% | ||
| Q2 24 | 2.1% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 1.52× | ||
| Q3 25 | 0.91× | 2.08× | ||
| Q2 25 | 0.73× | 3.08× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | 1.31× | ||
| Q2 24 | 1.06× | 1.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
