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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $475.7M, roughly 1.7× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -5.9%, a 35.7% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 11.1%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
CBSH vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $805.0M |
| Net Profit | $141.6M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | — | 11.1% |
| Net Margin | 29.8% | -5.9% |
| Revenue YoY | 11.1% | 30.5% |
| Net Profit YoY | 10.5% | -215.6% |
| EPS (diluted) | $0.96 | $-0.90 |
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 | $805.0M | ||
| Q3 25 | $441.0M | $738.9M | ||
| Q2 25 | $445.8M | $682.8M | ||
| Q1 25 | $428.1M | $647.2M | ||
| Q4 24 | $422.1M | $616.8M | ||
| Q3 24 | $421.4M | $658.0M | ||
| Q2 24 | $414.5M | $661.5M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-47.4M | ||
| Q3 25 | $141.5M | $44.4M | ||
| Q2 25 | $152.5M | $51.2M | ||
| Q1 25 | $131.6M | $49.6M | ||
| Q4 24 | $136.1M | $41.0M | ||
| Q3 24 | $138.0M | $46.1M | ||
| Q2 24 | $139.6M | $47.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 11.1% | ||
| Q3 25 | 41.9% | 9.9% | ||
| Q2 25 | 44.0% | 11.1% | ||
| Q1 25 | 39.2% | 11.5% | ||
| Q4 24 | 41.2% | 9.6% | ||
| Q3 24 | 42.4% | 11.4% | ||
| Q2 24 | 43.4% | 11.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -5.9% | ||
| Q3 25 | 32.1% | 6.0% | ||
| Q2 25 | 34.2% | 7.5% | ||
| Q1 25 | 30.7% | 7.7% | ||
| Q4 24 | 32.2% | 6.6% | ||
| Q3 24 | 32.8% | 7.0% | ||
| Q2 24 | 33.7% | 7.2% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.90 | ||
| Q3 25 | $1.06 | $0.83 | ||
| Q2 25 | $1.14 | $0.95 | ||
| Q1 25 | $0.98 | $0.92 | ||
| Q4 24 | $0.83 | $0.76 | ||
| Q3 24 | $1.01 | $0.86 | ||
| Q2 24 | $1.03 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $4.3B | $1.1B |
| Total Assets | $35.7B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | — | $72.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $3.5B | $910.2M | ||
| Q4 24 | $3.3B | $855.1M | ||
| Q3 24 | $3.4B | $858.8M | ||
| Q2 24 | $3.1B | $788.4M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.5B | ||
| Q3 25 | $32.3B | $2.4B | ||
| Q2 25 | $32.3B | $2.2B | ||
| Q1 25 | $32.4B | $1.9B | ||
| Q4 24 | $32.0B | $1.8B | ||
| Q3 24 | $31.5B | $1.9B | ||
| Q2 24 | $30.6B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× |
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 | — | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $24.7M | ||
| Q3 25 | $129.0M | $1.4M | ||
| Q2 25 | $111.2M | $27.7M | ||
| Q1 25 | $138.6M | $54.8M | ||
| Q4 24 | $577.9M | $60.7M | ||
| Q3 24 | $431.7M | $57.3M | ||
| Q2 24 | $147.4M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $-17.1M | ||
| Q3 25 | $113.3M | $-30.5M | ||
| Q2 25 | $100.5M | $200.0K | ||
| Q1 25 | $126.0M | $27.1M | ||
| Q4 24 | $531.7M | $44.7M | ||
| Q3 24 | $419.1M | $43.8M | ||
| Q2 24 | $138.9M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | -2.1% | ||
| Q3 25 | 25.7% | -4.1% | ||
| Q2 25 | 22.5% | 0.0% | ||
| Q1 25 | 29.4% | 4.2% | ||
| Q4 24 | 126.0% | 7.2% | ||
| Q3 24 | 99.5% | 6.7% | ||
| Q2 24 | 33.5% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 5.2% | ||
| Q3 25 | 3.6% | 4.3% | ||
| Q2 25 | 2.4% | 4.0% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 10.9% | 2.6% | ||
| Q3 24 | 3.0% | 2.1% | ||
| Q2 24 | 2.1% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 0.03× | ||
| Q2 25 | 0.73× | 0.54× | ||
| Q1 25 | 1.05× | 1.10× | ||
| Q4 24 | 4.25× | 1.48× | ||
| Q3 24 | 3.13× | 1.24× | ||
| Q2 24 | 1.06× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
