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

Pediatrix Medical Group, Inc. is the larger business by last-quarter revenue ($493.8M vs $475.7M, roughly 1.0× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 6.8%, a 23.0% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -1.7%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -0.1%).

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.

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

CBSH vs MD — Head-to-Head

Bigger by revenue
MD
MD
1.0× larger
MD
$493.8M
$475.7M
CBSH
Growing faster (revenue YoY)
CBSH
CBSH
+12.8% gap
CBSH
11.1%
-1.7%
MD
Higher net margin
CBSH
CBSH
23.0% more per $
CBSH
29.8%
6.8%
MD
Faster 2-yr revenue CAGR
CBSH
CBSH
Annualised
CBSH
7.1%
-0.1%
MD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBSH
CBSH
MD
MD
Revenue
$475.7M
$493.8M
Net Profit
$141.6M
$33.7M
Gross Margin
Operating Margin
9.9%
Net Margin
29.8%
6.8%
Revenue YoY
11.1%
-1.7%
Net Profit YoY
10.5%
10.5%
EPS (diluted)
$0.96
$0.40

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
MD
MD
Q1 26
$475.7M
Q4 25
$449.4M
$493.8M
Q3 25
$441.0M
$492.9M
Q2 25
$445.8M
$468.8M
Q1 25
$428.1M
$458.4M
Q4 24
$422.1M
$502.4M
Q3 24
$421.4M
$511.2M
Q2 24
$414.5M
$504.3M
Net Profit
CBSH
CBSH
MD
MD
Q1 26
$141.6M
Q4 25
$140.7M
$33.7M
Q3 25
$141.5M
$71.7M
Q2 25
$152.5M
$39.3M
Q1 25
$131.6M
$20.7M
Q4 24
$136.1M
$30.5M
Q3 24
$138.0M
$19.4M
Q2 24
$139.6M
$-153.0M
Operating Margin
CBSH
CBSH
MD
MD
Q1 26
Q4 25
40.8%
9.9%
Q3 25
41.9%
13.8%
Q2 25
44.0%
12.8%
Q1 25
39.2%
7.0%
Q4 24
41.2%
7.8%
Q3 24
42.4%
6.6%
Q2 24
43.4%
-31.3%
Net Margin
CBSH
CBSH
MD
MD
Q1 26
29.8%
Q4 25
31.3%
6.8%
Q3 25
32.1%
14.5%
Q2 25
34.2%
8.4%
Q1 25
30.7%
4.5%
Q4 24
32.2%
6.1%
Q3 24
32.8%
3.8%
Q2 24
33.7%
-30.3%
EPS (diluted)
CBSH
CBSH
MD
MD
Q1 26
$0.96
Q4 25
$0.86
$0.40
Q3 25
$1.06
$0.84
Q2 25
$1.14
$0.46
Q1 25
$0.98
$0.24
Q4 24
$0.83
$0.37
Q3 24
$1.01
$0.23
Q2 24
$1.03
$-1.84

Balance Sheet & Financial Strength

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

Metric
CBSH
CBSH
MD
MD
Cash + ST InvestmentsLiquidity on hand
$375.2M
Total DebtLower is stronger
$570.5M
Stockholders' EquityBook value
$4.3B
$865.9M
Total Assets
$35.7B
$2.2B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBSH
CBSH
MD
MD
Q1 26
Q4 25
$375.2M
Q3 25
$340.1M
Q2 25
$224.7M
Q1 25
$99.0M
Q4 24
$229.9M
Q3 24
$103.8M
Q2 24
$19.4M
Total Debt
CBSH
CBSH
MD
MD
Q1 26
Q4 25
$570.5M
Q3 25
$577.2M
Q2 25
$583.9M
Q1 25
$590.5M
Q4 24
$597.1M
Q3 24
Q2 24
Stockholders' Equity
CBSH
CBSH
MD
MD
Q1 26
$4.3B
Q4 25
$3.8B
$865.9M
Q3 25
$3.8B
$890.7M
Q2 25
$3.6B
$833.8M
Q1 25
$3.5B
$789.2M
Q4 24
$3.3B
$764.9M
Q3 24
$3.4B
$732.5M
Q2 24
$3.1B
$706.5M
Total Assets
CBSH
CBSH
MD
MD
Q1 26
$35.7B
Q4 25
$32.9B
$2.2B
Q3 25
$32.3B
$2.2B
Q2 25
$32.3B
$2.1B
Q1 25
$32.4B
$2.0B
Q4 24
$32.0B
$2.2B
Q3 24
$31.5B
$2.1B
Q2 24
$30.6B
$2.0B
Debt / Equity
CBSH
CBSH
MD
MD
Q1 26
Q4 25
0.66×
Q3 25
0.65×
Q2 25
0.70×
Q1 25
0.75×
Q4 24
0.78×
Q3 24
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
CBSH
CBSH
MD
MD
Operating Cash FlowLast quarter
$114.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBSH
CBSH
MD
MD
Q1 26
Q4 25
$645.1M
$114.1M
Q3 25
$129.0M
$137.3M
Q2 25
$111.2M
$137.2M
Q1 25
$138.6M
$-117.5M
Q4 24
$577.9M
$133.0M
Q3 24
$431.7M
$91.8M
Q2 24
$147.4M
$107.0M
Free Cash Flow
CBSH
CBSH
MD
MD
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
FCF Margin
CBSH
CBSH
MD
MD
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%
Capex Intensity
CBSH
CBSH
MD
MD
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%
Cash Conversion
CBSH
CBSH
MD
MD
Q1 26
Q4 25
4.59×
3.39×
Q3 25
0.91×
1.91×
Q2 25
0.73×
3.49×
Q1 25
1.05×
-5.66×
Q4 24
4.25×
4.36×
Q3 24
3.13×
4.72×
Q2 24
1.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBSH
CBSH

Segment breakdown not available.

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

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