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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $475.7M, roughly 1.4× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 7.1%, a 22.7% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 11.1%). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
CBSH vs NTRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $665.5M |
| Net Profit | $141.6M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | — | -3.4% |
| Net Margin | 29.8% | 7.1% |
| Revenue YoY | 11.1% | 39.8% |
| Net Profit YoY | 10.5% | 187.9% |
| EPS (diluted) | $0.96 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $441.0M | $592.2M | ||
| Q2 25 | $445.8M | $546.6M | ||
| Q1 25 | $428.1M | $501.8M | ||
| Q4 24 | $422.1M | $476.1M | ||
| Q3 24 | $421.4M | $439.8M | ||
| Q2 24 | $414.5M | $413.4M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $47.3M | ||
| Q3 25 | $141.5M | $-87.5M | ||
| Q2 25 | $152.5M | $-100.9M | ||
| Q1 25 | $131.6M | $-66.9M | ||
| Q4 24 | $136.1M | $-53.8M | ||
| Q3 24 | $138.0M | $-31.6M | ||
| Q2 24 | $139.6M | $-37.5M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -3.4% | ||
| Q3 25 | 41.9% | -16.5% | ||
| Q2 25 | 44.0% | -20.2% | ||
| Q1 25 | 39.2% | -15.8% | ||
| Q4 24 | 41.2% | -13.6% | ||
| Q3 24 | 42.4% | -8.9% | ||
| Q2 24 | 43.4% | -10.6% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 7.1% | ||
| Q3 25 | 32.1% | -14.8% | ||
| Q2 25 | 34.2% | -18.5% | ||
| Q1 25 | 30.7% | -13.3% | ||
| Q4 24 | 32.2% | -11.3% | ||
| Q3 24 | 32.8% | -7.2% | ||
| Q2 24 | 33.7% | -9.1% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.36 | ||
| Q3 25 | $1.06 | $-0.64 | ||
| Q2 25 | $1.14 | $-0.74 | ||
| Q1 25 | $0.98 | $-0.50 | ||
| Q4 24 | $0.83 | $-0.41 | ||
| Q3 24 | $1.01 | $-0.26 | ||
| Q2 24 | $1.03 | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $1.7B |
| Total Assets | $35.7B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.0M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $17.8M | ||
| Q4 24 | — | $22.7M | ||
| Q3 24 | — | $29.5M | ||
| Q2 24 | — | $90.3M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.7B | ||
| Q3 25 | $3.8B | $1.3B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.5B | $1.2B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.4B | $878.5M | ||
| Q2 24 | $3.1B | $836.5M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.4B | ||
| Q3 25 | $32.3B | $1.8B | ||
| Q2 25 | $32.3B | $1.8B | ||
| Q1 25 | $32.4B | $1.7B | ||
| Q4 24 | $32.0B | $1.7B | ||
| Q3 24 | $31.5B | $1.6B | ||
| Q2 24 | $30.6B | $1.5B |
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 | — | $73.9M |
| Free Cash FlowOCF − Capex | — | $37.8M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $73.9M | ||
| Q3 25 | $129.0M | $59.4M | ||
| Q2 25 | $111.2M | $37.6M | ||
| Q1 25 | $138.6M | $44.5M | ||
| Q4 24 | $577.9M | $52.9M | ||
| Q3 24 | $431.7M | $51.8M | ||
| Q2 24 | $147.4M | $4.0M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $37.8M | ||
| Q3 25 | $113.3M | $37.0M | ||
| Q2 25 | $100.5M | $11.7M | ||
| Q1 25 | $126.0M | $22.6M | ||
| Q4 24 | $531.7M | $34.8M | ||
| Q3 24 | $419.1M | $35.5M | ||
| Q2 24 | $138.9M | $-7.7M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 5.7% | ||
| Q3 25 | 25.7% | 6.2% | ||
| Q2 25 | 22.5% | 2.1% | ||
| Q1 25 | 29.4% | 4.5% | ||
| Q4 24 | 126.0% | 7.3% | ||
| Q3 24 | 99.5% | 8.1% | ||
| Q2 24 | 33.5% | -1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 5.4% | ||
| Q3 25 | 3.6% | 3.8% | ||
| Q2 25 | 2.4% | 4.7% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 10.9% | 3.8% | ||
| Q3 24 | 3.0% | 3.7% | ||
| Q2 24 | 2.1% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 1.56× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
