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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $267.3M, roughly 1.8× Metallus Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -5.3%, a 35.1% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 11.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -8.8%).
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.
CBSH vs MTUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $267.3M |
| Net Profit | $141.6M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | — | -7.7% |
| Net Margin | 29.8% | -5.3% |
| Revenue YoY | 11.1% | 11.1% |
| Net Profit YoY | 10.5% | 33.2% |
| EPS (diluted) | $0.96 | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $441.0M | $305.9M | ||
| Q2 25 | $445.8M | $304.6M | ||
| Q1 25 | $428.1M | $280.5M | ||
| Q4 24 | $422.1M | $240.5M | ||
| Q3 24 | $421.4M | $227.2M | ||
| Q2 24 | $414.5M | $294.7M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-14.3M | ||
| Q3 25 | $141.5M | $8.1M | ||
| Q2 25 | $152.5M | $3.7M | ||
| Q1 25 | $131.6M | $1.3M | ||
| Q4 24 | $136.1M | $-21.4M | ||
| Q3 24 | $138.0M | $-5.9M | ||
| Q2 24 | $139.6M | $4.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -7.7% | ||
| Q3 25 | 41.9% | 3.6% | ||
| Q2 25 | 44.0% | 2.8% | ||
| Q1 25 | 39.2% | 1.0% | ||
| Q4 24 | 41.2% | -10.1% | ||
| Q3 24 | 42.4% | -3.1% | ||
| Q2 24 | 43.4% | 2.1% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -5.3% | ||
| Q3 25 | 32.1% | 2.6% | ||
| Q2 25 | 34.2% | 1.2% | ||
| Q1 25 | 30.7% | 0.5% | ||
| Q4 24 | 32.2% | -8.9% | ||
| Q3 24 | 32.8% | -2.6% | ||
| Q2 24 | 33.7% | 1.6% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.34 | ||
| Q3 25 | $1.06 | $0.19 | ||
| Q2 25 | $1.14 | $0.09 | ||
| Q1 25 | $0.98 | $0.03 | ||
| Q4 24 | $0.83 | $-0.46 | ||
| Q3 24 | $1.01 | $-0.13 | ||
| Q2 24 | $1.03 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $686.0M |
| Total Assets | $35.7B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $156.7M | ||
| Q3 25 | — | $191.5M | ||
| Q2 25 | — | $190.8M | ||
| Q1 25 | — | $180.3M | ||
| Q4 24 | — | $240.7M | ||
| Q3 24 | — | $254.6M | ||
| Q2 24 | — | $272.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $686.0M | ||
| Q3 25 | $3.8B | $697.7M | ||
| Q2 25 | $3.6B | $690.0M | ||
| Q1 25 | $3.5B | $686.1M | ||
| Q4 24 | $3.3B | $690.5M | ||
| Q3 24 | $3.4B | $712.7M | ||
| Q2 24 | $3.1B | $736.3M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.1B | ||
| Q3 25 | $32.3B | $1.2B | ||
| Q2 25 | $32.3B | $1.1B | ||
| Q1 25 | $32.4B | $1.1B | ||
| Q4 24 | $32.0B | $1.1B | ||
| Q3 24 | $31.5B | $1.1B | ||
| Q2 24 | $30.6B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× |
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 | — | $-1.9M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -13.9% |
| Capex IntensityCapex / Revenue | — | 13.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $-1.9M | ||
| Q3 25 | $129.0M | $22.0M | ||
| Q2 25 | $111.2M | $34.8M | ||
| Q1 25 | $138.6M | $-38.9M | ||
| Q4 24 | $577.9M | $13.9M | ||
| Q3 24 | $431.7M | $-15.3M | ||
| Q2 24 | $147.4M | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $-37.2M | ||
| Q3 25 | $113.3M | $-6.4M | ||
| Q2 25 | $100.5M | $17.0M | ||
| Q1 25 | $126.0M | $-66.4M | ||
| Q4 24 | $531.7M | $-1.3M | ||
| Q3 24 | $419.1M | $-32.9M | ||
| Q2 24 | $138.9M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | -13.9% | ||
| Q3 25 | 25.7% | -2.1% | ||
| Q2 25 | 22.5% | 5.6% | ||
| Q1 25 | 29.4% | -23.7% | ||
| Q4 24 | 126.0% | -0.5% | ||
| Q3 24 | 99.5% | -14.5% | ||
| Q2 24 | 33.5% | -2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 13.2% | ||
| Q3 25 | 3.6% | 9.3% | ||
| Q2 25 | 2.4% | 5.8% | ||
| Q1 25 | 2.9% | 9.8% | ||
| Q4 24 | 10.9% | 6.3% | ||
| Q3 24 | 3.0% | 7.7% | ||
| Q2 24 | 2.1% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 2.72× | ||
| Q2 25 | 0.73× | 9.41× | ||
| Q1 25 | 1.05× | -29.92× | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
