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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $330.5M, roughly 1.4× Paymentus Holdings, Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 6.3%, a 23.5% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 11.1%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
CBSH vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $330.5M |
| Net Profit | $141.6M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | — | 7.3% |
| Net Margin | 29.8% | 6.3% |
| Revenue YoY | 11.1% | 28.1% |
| Net Profit YoY | 10.5% | 57.2% |
| EPS (diluted) | $0.96 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $441.0M | $310.7M | ||
| Q2 25 | $445.8M | $280.1M | ||
| Q1 25 | $428.1M | $275.2M | ||
| Q4 24 | $422.1M | $257.9M | ||
| Q3 24 | $421.4M | $231.6M | ||
| Q2 24 | $414.5M | $197.4M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $20.7M | ||
| Q3 25 | $141.5M | $17.7M | ||
| Q2 25 | $152.5M | $14.7M | ||
| Q1 25 | $131.6M | $13.8M | ||
| Q4 24 | $136.1M | $13.1M | ||
| Q3 24 | $138.0M | $14.4M | ||
| Q2 24 | $139.6M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 7.3% | ||
| Q3 25 | 41.9% | 6.4% | ||
| Q2 25 | 44.0% | 5.7% | ||
| Q1 25 | 39.2% | 5.7% | ||
| Q4 24 | 41.2% | 5.5% | ||
| Q3 24 | 42.4% | 5.2% | ||
| Q2 24 | 43.4% | 5.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 6.3% | ||
| Q3 25 | 32.1% | 5.7% | ||
| Q2 25 | 34.2% | 5.3% | ||
| Q1 25 | 30.7% | 5.0% | ||
| Q4 24 | 32.2% | 5.1% | ||
| Q3 24 | 32.8% | 6.2% | ||
| Q2 24 | 33.7% | 4.7% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.16 | ||
| Q3 25 | $1.06 | $0.14 | ||
| Q2 25 | $1.14 | $0.11 | ||
| Q1 25 | $0.98 | $0.11 | ||
| Q4 24 | $0.83 | $0.11 | ||
| Q3 24 | $1.01 | $0.11 | ||
| Q2 24 | $1.03 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $560.4M |
| Total Assets | $35.7B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $320.9M | ||
| Q3 25 | — | $287.9M | ||
| Q2 25 | — | $266.4M | ||
| Q1 25 | — | $245.8M | ||
| Q4 24 | — | $205.9M | ||
| Q3 24 | — | $187.5M | ||
| Q2 24 | — | $188.8M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $560.4M | ||
| Q3 25 | $3.8B | $537.4M | ||
| Q2 25 | $3.6B | $516.7M | ||
| Q1 25 | $3.5B | $500.4M | ||
| Q4 24 | $3.3B | $485.6M | ||
| Q3 24 | $3.4B | $468.8M | ||
| Q2 24 | $3.1B | $451.6M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $667.9M | ||
| Q3 25 | $32.3B | $644.4M | ||
| Q2 25 | $32.3B | $609.5M | ||
| Q1 25 | $32.4B | $590.9M | ||
| Q4 24 | $32.0B | $576.2M | ||
| Q3 24 | $31.5B | $552.9M | ||
| Q2 24 | $30.6B | $527.7M |
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 | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $45.1M | ||
| Q3 25 | $129.0M | $35.1M | ||
| Q2 25 | $111.2M | $31.5M | ||
| Q1 25 | $138.6M | $50.4M | ||
| Q4 24 | $577.9M | $27.9M | ||
| Q3 24 | $431.7M | $6.7M | ||
| Q2 24 | $147.4M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $45.0M | ||
| Q3 25 | $113.3M | $35.0M | ||
| Q2 25 | $100.5M | $31.4M | ||
| Q1 25 | $126.0M | $50.4M | ||
| Q4 24 | $531.7M | $27.8M | ||
| Q3 24 | $419.1M | $6.7M | ||
| Q2 24 | $138.9M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 13.6% | ||
| Q3 25 | 25.7% | 11.3% | ||
| Q2 25 | 22.5% | 11.2% | ||
| Q1 25 | 29.4% | 18.3% | ||
| Q4 24 | 126.0% | 10.8% | ||
| Q3 24 | 99.5% | 2.9% | ||
| Q2 24 | 33.5% | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.0% | ||
| Q3 25 | 3.6% | 0.0% | ||
| Q2 25 | 2.4% | 0.0% | ||
| Q1 25 | 2.9% | 0.0% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 3.0% | 0.0% | ||
| Q2 24 | 2.1% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 2.18× | ||
| Q3 25 | 0.91× | 1.98× | ||
| Q2 25 | 0.73× | 2.14× | ||
| Q1 25 | 1.05× | 3.65× | ||
| Q4 24 | 4.25× | 2.12× | ||
| Q3 24 | 3.13× | 0.47× | ||
| Q2 24 | 1.06× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
