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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $242.1M, roughly 2.0× ONESPAWORLD HOLDINGS Ltd). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 5.0%, a 24.8% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 11.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% 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.
CBSH vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $242.1M |
| Net Profit | $141.6M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | — | 6.8% |
| Net Margin | 29.8% | 5.0% |
| Revenue YoY | 11.1% | 11.5% |
| Net Profit YoY | 10.5% | -16.2% |
| EPS (diluted) | $0.96 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $441.0M | $258.5M | ||
| Q2 25 | $445.8M | $240.7M | ||
| Q1 25 | $428.1M | $219.6M | ||
| Q4 24 | $422.1M | $217.2M | ||
| Q3 24 | $421.4M | $241.7M | ||
| Q2 24 | $414.5M | $224.9M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $12.1M | ||
| Q3 25 | $141.5M | $24.3M | ||
| Q2 25 | $152.5M | $19.9M | ||
| Q1 25 | $131.6M | $15.3M | ||
| Q4 24 | $136.1M | $14.4M | ||
| Q3 24 | $138.0M | $21.6M | ||
| Q2 24 | $139.6M | $15.8M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 6.8% | ||
| Q3 25 | 41.9% | 10.2% | ||
| Q2 25 | 44.0% | 9.2% | ||
| Q1 25 | 39.2% | 7.7% | ||
| Q4 24 | 41.2% | 7.9% | ||
| Q3 24 | 42.4% | 10.3% | ||
| Q2 24 | 43.4% | 8.4% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 5.0% | ||
| Q3 25 | 32.1% | 9.4% | ||
| Q2 25 | 34.2% | 8.3% | ||
| Q1 25 | 30.7% | 7.0% | ||
| Q4 24 | 32.2% | 6.6% | ||
| Q3 24 | 32.8% | 8.9% | ||
| Q2 24 | 33.7% | 7.0% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.12 | ||
| Q3 25 | $1.06 | $0.23 | ||
| Q2 25 | $1.14 | $0.19 | ||
| Q1 25 | $0.98 | $0.15 | ||
| Q4 24 | $0.83 | $0.13 | ||
| Q3 24 | $1.01 | $0.20 | ||
| Q2 24 | $1.03 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $4.3B | $542.6M |
| Total Assets | $35.7B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | — | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $542.6M | ||
| Q3 25 | $3.8B | $552.8M | ||
| Q2 25 | $3.6B | $548.3M | ||
| Q1 25 | $3.5B | $530.6M | ||
| Q4 24 | $3.3B | $554.5M | ||
| Q3 24 | $3.4B | $540.1M | ||
| Q2 24 | $3.1B | $532.7M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $707.1M | ||
| Q3 25 | $32.3B | $732.6M | ||
| Q2 25 | $32.3B | $731.8M | ||
| Q1 25 | $32.4B | $708.7M | ||
| Q4 24 | $32.0B | $746.4M | ||
| Q3 24 | $31.5B | $734.0M | ||
| Q2 24 | $30.6B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $20.0M | ||
| Q3 25 | $129.0M | $33.2M | ||
| Q2 25 | $111.2M | $20.3M | ||
| Q1 25 | $138.6M | $10.1M | ||
| Q4 24 | $577.9M | $16.6M | ||
| Q3 24 | $431.7M | $28.6M | ||
| Q2 24 | $147.4M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $14.9M | ||
| Q3 25 | $113.3M | $27.6M | ||
| Q2 25 | $100.5M | $17.6M | ||
| Q1 25 | $126.0M | $8.4M | ||
| Q4 24 | $531.7M | $13.2M | ||
| Q3 24 | $419.1M | $27.5M | ||
| Q2 24 | $138.9M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 6.2% | ||
| Q3 25 | 25.7% | 10.7% | ||
| Q2 25 | 22.5% | 7.3% | ||
| Q1 25 | 29.4% | 3.8% | ||
| Q4 24 | 126.0% | 6.1% | ||
| Q3 24 | 99.5% | 11.4% | ||
| Q2 24 | 33.5% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.1% | ||
| Q3 25 | 3.6% | 2.2% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | 10.9% | 1.5% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 2.1% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 1.65× | ||
| Q3 25 | 0.91× | 1.36× | ||
| Q2 25 | 0.73× | 1.02× | ||
| Q1 25 | 1.05× | 0.66× | ||
| Q4 24 | 4.25× | 1.15× | ||
| Q3 24 | 3.13× | 1.33× | ||
| Q2 24 | 1.06× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
