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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Monolithic Power Systems (MPWR). Click either name above to swap in a different company.

Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $475.7M, roughly 1.6× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 22.9%, a 6.9% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 11.1%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% 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.

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.

CBSH vs MPWR — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.6× larger
MPWR
$751.2M
$475.7M
CBSH
Growing faster (revenue YoY)
MPWR
MPWR
+9.7% gap
MPWR
20.8%
11.1%
CBSH
Higher net margin
CBSH
CBSH
6.9% more per $
CBSH
29.8%
22.9%
MPWR
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
28.1%
7.1%
CBSH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBSH
CBSH
MPWR
MPWR
Revenue
$475.7M
$751.2M
Net Profit
$141.6M
$171.7M
Gross Margin
55.2%
Operating Margin
26.6%
Net Margin
29.8%
22.9%
Revenue YoY
11.1%
20.8%
Net Profit YoY
0.7%
-86.3%
EPS (diluted)
$0.96
$3.50

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
MPWR
MPWR
Q1 26
$475.7M
Q4 25
$449.4M
$751.2M
Q3 25
$441.0M
$737.2M
Q2 25
$445.8M
$664.6M
Q1 25
$428.1M
$637.6M
Q4 24
$422.1M
$621.7M
Q3 24
$421.4M
$620.1M
Q2 24
$414.5M
$507.4M
Net Profit
CBSH
CBSH
MPWR
MPWR
Q1 26
$141.6M
Q4 25
$140.7M
$171.7M
Q3 25
$141.5M
$179.8M
Q2 25
$152.5M
$135.0M
Q1 25
$131.6M
$135.1M
Q4 24
$136.1M
$1.3B
Q3 24
$138.0M
$144.4M
Q2 24
$139.6M
$100.4M
Gross Margin
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
55.2%
Q3 25
55.1%
Q2 25
55.1%
Q1 25
55.4%
Q4 24
55.4%
Q3 24
55.4%
Q2 24
55.3%
Operating Margin
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
40.8%
26.6%
Q3 25
41.9%
26.5%
Q2 25
44.0%
24.8%
Q1 25
39.2%
26.5%
Q4 24
41.2%
26.3%
Q3 24
42.4%
26.5%
Q2 24
43.4%
23.0%
Net Margin
CBSH
CBSH
MPWR
MPWR
Q1 26
29.8%
Q4 25
31.3%
22.9%
Q3 25
32.1%
24.4%
Q2 25
34.2%
20.3%
Q1 25
30.7%
21.2%
Q4 24
32.2%
201.8%
Q3 24
32.8%
23.3%
Q2 24
33.7%
19.8%
EPS (diluted)
CBSH
CBSH
MPWR
MPWR
Q1 26
$0.96
Q4 25
$0.86
$3.50
Q3 25
$1.06
$3.74
Q2 25
$1.14
$2.81
Q1 25
$0.98
$2.81
Q4 24
$0.83
$25.71
Q3 24
$1.01
$2.95
Q2 24
$1.03
$2.05

Balance Sheet & Financial Strength

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

Metric
CBSH
CBSH
MPWR
MPWR
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
$3.5B
Total Assets
$35.7B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$862.9M
Q3 24
$1.5B
Q2 24
$1.3B
Stockholders' Equity
CBSH
CBSH
MPWR
MPWR
Q1 26
$4.3B
Q4 25
$3.8B
$3.5B
Q3 25
$3.8B
$3.4B
Q2 25
$3.6B
$3.2B
Q1 25
$3.5B
$3.1B
Q4 24
$3.3B
$3.0B
Q3 24
$3.4B
$2.4B
Q2 24
$3.1B
$2.2B
Total Assets
CBSH
CBSH
MPWR
MPWR
Q1 26
$35.7B
Q4 25
$32.9B
$4.2B
Q3 25
$32.3B
$4.1B
Q2 25
$32.3B
$3.9B
Q1 25
$32.4B
$3.7B
Q4 24
$32.0B
$3.5B
Q3 24
$31.5B
$2.9B
Q2 24
$30.6B
$2.6B

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
MPWR
MPWR
Operating Cash FlowLast quarter
$104.9M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.61×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
$645.1M
$104.9M
Q3 25
$129.0M
$239.3M
Q2 25
$111.2M
$237.6M
Q1 25
$138.6M
$256.4M
Q4 24
$577.9M
$167.7M
Q3 24
$431.7M
$231.7M
Q2 24
$147.4M
$141.0M
Free Cash Flow
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
$592.4M
$63.9M
Q3 25
$113.3M
$196.8M
Q2 25
$100.5M
$189.5M
Q1 25
$126.0M
$216.0M
Q4 24
$531.7M
$102.9M
Q3 24
$419.1M
$197.9M
Q2 24
$138.9M
$109.5M
FCF Margin
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
131.8%
8.5%
Q3 25
25.7%
26.7%
Q2 25
22.5%
28.5%
Q1 25
29.4%
33.9%
Q4 24
126.0%
16.5%
Q3 24
99.5%
31.9%
Q2 24
33.5%
21.6%
Capex Intensity
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
11.7%
5.5%
Q3 25
3.6%
5.8%
Q2 25
2.4%
7.2%
Q1 25
2.9%
6.3%
Q4 24
10.9%
10.4%
Q3 24
3.0%
5.5%
Q2 24
2.1%
6.2%
Cash Conversion
CBSH
CBSH
MPWR
MPWR
Q1 26
Q4 25
4.59×
0.61×
Q3 25
0.91×
1.33×
Q2 25
0.73×
1.76×
Q1 25
1.05×
1.90×
Q4 24
4.25×
0.13×
Q3 24
3.13×
1.60×
Q2 24
1.06×
1.40×

Financial Flow Comparison

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

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