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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $475.7M, roughly 2.0× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 2.0%, a 27.8% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 11.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
CBSH vs LCII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $932.7M |
| Net Profit | $141.6M | $18.7M |
| Gross Margin | — | 22.1% |
| Operating Margin | — | 3.8% |
| Net Margin | 29.8% | 2.0% |
| Revenue YoY | 11.1% | 16.1% |
| Net Profit YoY | 10.5% | 95.7% |
| EPS (diluted) | $0.96 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $441.0M | $1.0B | ||
| Q2 25 | $445.8M | $1.1B | ||
| Q1 25 | $428.1M | $1.0B | ||
| Q4 24 | $422.1M | $803.1M | ||
| Q3 24 | $421.4M | $915.5M | ||
| Q2 24 | $414.5M | $1.1B |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $18.7M | ||
| Q3 25 | $141.5M | $62.5M | ||
| Q2 25 | $152.5M | $57.6M | ||
| Q1 25 | $131.6M | $49.4M | ||
| Q4 24 | $136.1M | $9.5M | ||
| Q3 24 | $138.0M | $35.6M | ||
| Q2 24 | $139.6M | $61.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 3.8% | ||
| Q3 25 | 41.9% | 7.3% | ||
| Q2 25 | 44.0% | 7.9% | ||
| Q1 25 | 39.2% | 7.8% | ||
| Q4 24 | 41.2% | 2.0% | ||
| Q3 24 | 42.4% | 5.9% | ||
| Q2 24 | 43.4% | 8.6% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 2.0% | ||
| Q3 25 | 32.1% | 6.0% | ||
| Q2 25 | 34.2% | 5.2% | ||
| Q1 25 | 30.7% | 4.7% | ||
| Q4 24 | 32.2% | 1.2% | ||
| Q3 24 | 32.8% | 3.9% | ||
| Q2 24 | 33.7% | 5.8% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.79 | ||
| Q3 25 | $1.06 | $2.55 | ||
| Q2 25 | $1.14 | $2.29 | ||
| Q1 25 | $0.98 | $1.94 | ||
| Q4 24 | $0.83 | $0.37 | ||
| Q3 24 | $1.01 | $1.39 | ||
| Q2 24 | $1.03 | $2.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $222.6M |
| Total DebtLower is stronger | — | $945.2M |
| Stockholders' EquityBook value | $4.3B | $1.4B |
| Total Assets | $35.7B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $222.6M | ||
| Q3 25 | — | $199.7M | ||
| Q2 25 | — | $191.9M | ||
| Q1 25 | — | $231.2M | ||
| Q4 24 | — | $165.8M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $130.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $3.6B | $1.4B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.1B | $1.4B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $3.2B | ||
| Q3 25 | $32.3B | $3.2B | ||
| Q2 25 | $32.3B | $3.2B | ||
| Q1 25 | $32.4B | $3.1B | ||
| Q4 24 | $32.0B | $2.9B | ||
| Q3 24 | $31.5B | $3.0B | ||
| Q2 24 | $30.6B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× |
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 | — | $78.9M |
| Free Cash FlowOCF − Capex | — | $64.3M |
| FCF MarginFCF / Revenue | — | 6.9% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $78.9M | ||
| Q3 25 | $129.0M | $97.2M | ||
| Q2 25 | $111.2M | $112.2M | ||
| Q1 25 | $138.6M | $42.7M | ||
| Q4 24 | $577.9M | $106.6M | ||
| Q3 24 | $431.7M | $78.4M | ||
| Q2 24 | $147.4M | $192.9M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $64.3M | ||
| Q3 25 | $113.3M | $80.9M | ||
| Q2 25 | $100.5M | $99.5M | ||
| Q1 25 | $126.0M | $33.7M | ||
| Q4 24 | $531.7M | $95.7M | ||
| Q3 24 | $419.1M | $68.3M | ||
| Q2 24 | $138.9M | $180.2M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 6.9% | ||
| Q3 25 | 25.7% | 7.8% | ||
| Q2 25 | 22.5% | 9.0% | ||
| Q1 25 | 29.4% | 3.2% | ||
| Q4 24 | 126.0% | 11.9% | ||
| Q3 24 | 99.5% | 7.5% | ||
| Q2 24 | 33.5% | 17.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.6% | ||
| Q3 25 | 3.6% | 1.6% | ||
| Q2 25 | 2.4% | 1.2% | ||
| Q1 25 | 2.9% | 0.9% | ||
| Q4 24 | 10.9% | 1.4% | ||
| Q3 24 | 3.0% | 1.1% | ||
| Q2 24 | 2.1% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 4.22× | ||
| Q3 25 | 0.91× | 1.55× | ||
| Q2 25 | 0.73× | 1.95× | ||
| Q1 25 | 1.05× | 0.86× | ||
| Q4 24 | 4.25× | 11.17× | ||
| Q3 24 | 3.13× | 2.20× | ||
| Q2 24 | 1.06× | 3.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
