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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $349.1M, roughly 1.4× PROCORE TECHNOLOGIES, INC.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -10.8%, a 40.5% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 11.1%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
CBSH vs PCOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $349.1M |
| Net Profit | $141.6M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | — | -12.3% |
| Net Margin | 29.8% | -10.8% |
| Revenue YoY | 11.1% | 15.6% |
| Net Profit YoY | 10.5% | 39.6% |
| EPS (diluted) | $0.96 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $441.0M | $338.9M | ||
| Q2 25 | $445.8M | $323.9M | ||
| Q1 25 | $428.1M | $310.6M | ||
| Q4 24 | $422.1M | $302.0M | ||
| Q3 24 | $421.4M | $295.9M | ||
| Q2 24 | $414.5M | $284.3M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-37.6M | ||
| Q3 25 | $141.5M | $-9.1M | ||
| Q2 25 | $152.5M | $-21.1M | ||
| Q1 25 | $131.6M | $-33.0M | ||
| Q4 24 | $136.1M | $-62.3M | ||
| Q3 24 | $138.0M | $-26.4M | ||
| Q2 24 | $139.6M | $-6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -12.3% | ||
| Q3 25 | 41.9% | -4.4% | ||
| Q2 25 | 44.0% | -9.3% | ||
| Q1 25 | 39.2% | -11.7% | ||
| Q4 24 | 41.2% | -21.9% | ||
| Q3 24 | 42.4% | -12.3% | ||
| Q2 24 | 43.4% | -5.2% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -10.8% | ||
| Q3 25 | 32.1% | -2.7% | ||
| Q2 25 | 34.2% | -6.5% | ||
| Q1 25 | 30.7% | -10.6% | ||
| Q4 24 | 32.2% | -20.6% | ||
| Q3 24 | 32.8% | -8.9% | ||
| Q2 24 | 33.7% | -2.2% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.25 | ||
| Q3 25 | $1.06 | $-0.06 | ||
| Q2 25 | $1.14 | $-0.14 | ||
| Q1 25 | $0.98 | $-0.22 | ||
| Q4 24 | $0.83 | $-0.42 | ||
| Q3 24 | $1.01 | $-0.18 | ||
| Q2 24 | $1.03 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $1.3B |
| Total Assets | $35.7B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $768.5M | ||
| Q3 25 | — | $684.0M | ||
| Q2 25 | — | $620.9M | ||
| Q1 25 | — | $566.7M | ||
| Q4 24 | — | $775.4M | ||
| Q3 24 | — | $756.9M | ||
| Q2 24 | — | $735.4M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.3B | ||
| Q3 25 | $3.8B | $1.2B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.5B | $1.2B | ||
| Q4 24 | $3.3B | $1.3B | ||
| Q3 24 | $3.4B | $1.3B | ||
| Q2 24 | $3.1B | $1.3B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.2B | ||
| Q3 25 | $32.3B | $2.1B | ||
| Q2 25 | $32.3B | $2.0B | ||
| Q1 25 | $32.4B | $1.9B | ||
| Q4 24 | $32.0B | $2.1B | ||
| Q3 24 | $31.5B | $2.0B | ||
| Q2 24 | $30.6B | $2.0B |
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 | — | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $114.9M | ||
| Q3 25 | $129.0M | $88.5M | ||
| Q2 25 | $111.2M | $30.8M | ||
| Q1 25 | $138.6M | $66.0M | ||
| Q4 24 | $577.9M | $29.1M | ||
| Q3 24 | $431.7M | $39.3M | ||
| Q2 24 | $147.4M | $58.7M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $109.2M | ||
| Q3 25 | $113.3M | $83.1M | ||
| Q2 25 | $100.5M | $27.9M | ||
| Q1 25 | $126.0M | $62.0M | ||
| Q4 24 | $531.7M | $17.4M | ||
| Q3 24 | $419.1M | $35.7M | ||
| Q2 24 | $138.9M | $56.8M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 31.3% | ||
| Q3 25 | 25.7% | 24.5% | ||
| Q2 25 | 22.5% | 8.6% | ||
| Q1 25 | 29.4% | 20.0% | ||
| Q4 24 | 126.0% | 5.8% | ||
| Q3 24 | 99.5% | 12.1% | ||
| Q2 24 | 33.5% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.6% | ||
| Q3 25 | 3.6% | 1.6% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 2.9% | 1.3% | ||
| Q4 24 | 10.9% | 3.9% | ||
| Q3 24 | 3.0% | 1.2% | ||
| Q2 24 | 2.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| 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.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
