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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $310.0M, roughly 1.5× MediaAlpha, Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 4.5%, a 25.2% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 11.1%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% 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.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

CBSH vs MAX — Head-to-Head

Bigger by revenue
CBSH
CBSH
1.5× larger
CBSH
$475.7M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+6.2% gap
MAX
17.3%
11.1%
CBSH
Higher net margin
CBSH
CBSH
25.2% more per $
CBSH
29.8%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
7.1%
CBSH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBSH
CBSH
MAX
MAX
Revenue
$475.7M
$310.0M
Net Profit
$141.6M
$14.0M
Gross Margin
15.1%
Operating Margin
7.2%
Net Margin
29.8%
4.5%
Revenue YoY
11.1%
17.3%
Net Profit YoY
10.5%
701.8%
EPS (diluted)
$0.96

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.

Revenue
CBSH
CBSH
MAX
MAX
Q1 26
$475.7M
$310.0M
Q4 25
$449.4M
$291.2M
Q3 25
$441.0M
$306.5M
Q2 25
$445.8M
$251.6M
Q1 25
$428.1M
$264.3M
Q4 24
$422.1M
$300.6M
Q3 24
$421.4M
$259.1M
Q2 24
$414.5M
$178.3M
Net Profit
CBSH
CBSH
MAX
MAX
Q1 26
$141.6M
$14.0M
Q4 25
$140.7M
$31.4M
Q3 25
$141.5M
$14.9M
Q2 25
$152.5M
$-18.7M
Q1 25
$131.6M
$-1.9M
Q4 24
$136.1M
$4.6M
Q3 24
$138.0M
$9.5M
Q2 24
$139.6M
$3.6M
Gross Margin
CBSH
CBSH
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
CBSH
CBSH
MAX
MAX
Q1 26
7.2%
Q4 25
40.8%
7.7%
Q3 25
41.9%
6.4%
Q2 25
44.0%
-8.0%
Q1 25
39.2%
0.0%
Q4 24
41.2%
6.1%
Q3 24
42.4%
6.0%
Q2 24
43.4%
3.6%
Net Margin
CBSH
CBSH
MAX
MAX
Q1 26
29.8%
4.5%
Q4 25
31.3%
10.8%
Q3 25
32.1%
4.9%
Q2 25
34.2%
-7.4%
Q1 25
30.7%
-0.7%
Q4 24
32.2%
1.5%
Q3 24
32.8%
3.7%
Q2 24
33.7%
2.0%
EPS (diluted)
CBSH
CBSH
MAX
MAX
Q1 26
$0.96
Q4 25
$0.86
$0.50
Q3 25
$1.06
$0.26
Q2 25
$1.14
$-0.33
Q1 25
$0.98
$-0.04
Q4 24
$0.83
$0.09
Q3 24
$1.01
$0.17
Q2 24
$1.03
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBSH
CBSH
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$4.3B
Total Assets
$35.7B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBSH
CBSH
MAX
MAX
Q1 26
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
Total Debt
CBSH
CBSH
MAX
MAX
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
CBSH
CBSH
MAX
MAX
Q1 26
$4.3B
Q4 25
$3.8B
$4.2M
Q3 25
$3.8B
$-29.8M
Q2 25
$3.6B
$-3.8M
Q1 25
$3.5B
$7.9M
Q4 24
$3.3B
$2.4M
Q3 24
$3.4B
$-8.4M
Q2 24
$3.1B
$-24.4M
Total Assets
CBSH
CBSH
MAX
MAX
Q1 26
$35.7B
$367.7M
Q4 25
$32.9B
$383.8M
Q3 25
$32.3B
$266.2M
Q2 25
$32.3B
$249.4M
Q1 25
$32.4B
$240.0M
Q4 24
$32.0B
$262.4M
Q3 24
$31.5B
$236.1M
Q2 24
$30.6B
$198.2M
Debt / Equity
CBSH
CBSH
MAX
MAX
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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