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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Magnolia Oil & Gas Corp (MGY). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $358.5M, roughly 1.3× Magnolia Oil & Gas Corp). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 28.1%, a 1.7% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 2.3%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 3.2%).
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.
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
CBSH vs MGY — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $358.5M |
| Net Profit | $141.6M | $100.8M |
| Gross Margin | — | — |
| Operating Margin | — | 35.6% |
| Net Margin | 29.8% | 28.1% |
| Revenue YoY | 11.1% | 2.3% |
| Net Profit YoY | 10.5% | -3.0% |
| EPS (diluted) | $0.96 | $0.54 |
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 | $358.5M | ||
| Q4 25 | $449.4M | $317.6M | ||
| Q3 25 | $441.0M | $324.9M | ||
| Q2 25 | $445.8M | $319.0M | ||
| Q1 25 | $428.1M | $350.3M | ||
| Q4 24 | $422.1M | $326.6M | ||
| Q3 24 | $421.4M | $333.1M | ||
| Q2 24 | $414.5M | $336.7M |
| Q1 26 | $141.6M | $100.8M | ||
| Q4 25 | $140.7M | $68.8M | ||
| Q3 25 | $141.5M | $75.5M | ||
| Q2 25 | $152.5M | $78.1M | ||
| Q1 25 | $131.6M | $102.9M | ||
| Q4 24 | $136.1M | $85.6M | ||
| Q3 24 | $138.0M | $99.8M | ||
| Q2 24 | $139.6M | $95.6M |
| Q1 26 | — | 35.6% | ||
| Q4 25 | 40.8% | 29.6% | ||
| Q3 25 | 41.9% | 31.2% | ||
| Q2 25 | 44.0% | 33.8% | ||
| Q1 25 | 39.2% | 38.8% | ||
| Q4 24 | 41.2% | 38.0% | ||
| Q3 24 | 42.4% | 38.7% | ||
| Q2 24 | 43.4% | 39.9% |
| Q1 26 | 29.8% | 28.1% | ||
| Q4 25 | 31.3% | 21.6% | ||
| Q3 25 | 32.1% | 23.2% | ||
| Q2 25 | 34.2% | 24.5% | ||
| Q1 25 | 30.7% | 29.4% | ||
| Q4 24 | 32.2% | 26.2% | ||
| Q3 24 | 32.8% | 30.0% | ||
| Q2 24 | 33.7% | 28.4% |
| Q1 26 | $0.96 | $0.54 | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | — | ||
| Q2 25 | $1.14 | — | ||
| Q1 25 | $0.98 | — | ||
| Q4 24 | $0.83 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $1.03 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $124.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $2.0B |
| Total Assets | $35.7B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $124.4M | ||
| Q4 25 | — | $266.8M | ||
| Q3 25 | — | $280.5M | ||
| Q2 25 | — | $251.8M | ||
| Q1 25 | — | $247.6M | ||
| Q4 24 | — | $260.0M | ||
| Q3 24 | — | $276.1M | ||
| Q2 24 | — | $275.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $393.3M | ||
| Q3 25 | — | $393.1M | ||
| Q2 25 | — | $392.9M | ||
| Q1 25 | — | $392.7M | ||
| Q4 24 | — | $392.5M | ||
| Q3 24 | — | $394.8M | ||
| Q2 24 | — | $394.1M |
| Q1 26 | $4.3B | $2.0B | ||
| Q4 25 | $3.8B | $2.0B | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | $2.0B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.1B | $1.9B |
| Q1 26 | $35.7B | $2.9B | ||
| Q4 25 | $32.9B | $2.9B | ||
| Q3 25 | $32.3B | $2.9B | ||
| Q2 25 | $32.3B | $2.9B | ||
| Q1 25 | $32.4B | $2.9B | ||
| Q4 24 | $32.0B | $2.8B | ||
| Q3 24 | $31.5B | $2.8B | ||
| Q2 24 | $30.6B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
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 | — | $197.6M |
| Free Cash FlowOCF − Capex | — | $145.6M |
| FCF MarginFCF / Revenue | — | 40.6% |
| Capex IntensityCapex / Revenue | — | 35.9% |
| Cash ConversionOCF / Net Profit | — | 1.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $197.6M | ||
| Q4 25 | $645.1M | $208.4M | ||
| Q3 25 | $129.0M | $247.1M | ||
| Q2 25 | $111.2M | $198.7M | ||
| Q1 25 | $138.6M | $224.5M | ||
| Q4 24 | $577.9M | $222.6M | ||
| Q3 24 | $431.7M | $217.9M | ||
| Q2 24 | $147.4M | $269.4M |
| Q1 26 | — | $145.6M | ||
| 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 | — |
| Q1 26 | — | 40.6% | ||
| 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% | — |
| Q1 26 | — | 35.9% | ||
| 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% | — |
| Q1 26 | — | 1.96× | ||
| Q4 25 | 4.59× | 3.03× | ||
| Q3 25 | 0.91× | 3.27× | ||
| Q2 25 | 0.73× | 2.54× | ||
| Q1 25 | 1.05× | 2.18× | ||
| Q4 24 | 4.25× | 2.60× | ||
| Q3 24 | 3.13× | 2.18× | ||
| Q2 24 | 1.06× | 2.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
MGY
| Natural gas (Mcf/d) | $193.1M | 54% |
| Natural gas revenues | $51.8M | 14% |
| Natural gas liquids revenues | $49.4M | 14% |
| Oil (Bbls/d) | $40.7M | 11% |
| Natural gas (MMcf) | $17.4M | 5% |
| Oil (MBbls) | $3.7M | 1% |
| Natural gas liquids (MBbls) | $2.7M | 1% |
