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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $430.0M, roughly 1.1× PEGASYSTEMS INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 7.6%, a 22.2% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
CBSH vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $430.0M |
| Net Profit | $141.6M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | — | 8.6% |
| Net Margin | 29.8% | 7.6% |
| Revenue YoY | 11.1% | -9.6% |
| Net Profit YoY | 10.5% | — |
| EPS (diluted) | $0.96 | $0.18 |
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 | $430.0M | ||
| Q4 25 | $449.4M | $504.3M | ||
| Q3 25 | $441.0M | $381.4M | ||
| Q2 25 | $445.8M | $384.5M | ||
| Q1 25 | $428.1M | $475.6M | ||
| Q4 24 | $422.1M | $490.8M | ||
| Q3 24 | $421.4M | $325.1M | ||
| Q2 24 | $414.5M | $351.2M |
| Q1 26 | $141.6M | $32.8M | ||
| Q4 25 | $140.7M | $234.6M | ||
| Q3 25 | $141.5M | $43.4M | ||
| Q2 25 | $152.5M | $30.1M | ||
| Q1 25 | $131.6M | $85.4M | ||
| Q4 24 | $136.1M | $119.1M | ||
| Q3 24 | $138.0M | $-14.4M | ||
| Q2 24 | $139.6M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 40.8% | 20.7% | ||
| Q3 25 | 41.9% | 3.8% | ||
| Q2 25 | 44.0% | 4.5% | ||
| Q1 25 | 39.2% | 26.7% | ||
| Q4 24 | 41.2% | 29.1% | ||
| Q3 24 | 42.4% | -3.6% | ||
| Q2 24 | 43.4% | 3.7% |
| Q1 26 | 29.8% | 7.6% | ||
| Q4 25 | 31.3% | 46.5% | ||
| Q3 25 | 32.1% | 11.4% | ||
| Q2 25 | 34.2% | 7.8% | ||
| Q1 25 | 30.7% | 18.0% | ||
| Q4 24 | 32.2% | 24.3% | ||
| Q3 24 | 32.8% | -4.4% | ||
| Q2 24 | 33.7% | 1.9% |
| Q1 26 | $0.96 | $0.18 | ||
| Q4 25 | $0.86 | $0.81 | ||
| Q3 25 | $1.06 | $0.24 | ||
| Q2 25 | $1.14 | $0.17 | ||
| Q1 25 | $0.98 | $0.91 | ||
| Q4 24 | $0.83 | $1.35 | ||
| Q3 24 | $1.01 | $-0.17 | ||
| 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 | — | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $705.9M |
| Total Assets | $35.7B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
| Q1 26 | $4.3B | $705.9M | ||
| Q4 25 | $3.8B | $787.4M | ||
| Q3 25 | $3.8B | $596.8M | ||
| Q2 25 | $3.6B | $624.5M | ||
| Q1 25 | $3.5B | $611.3M | ||
| Q4 24 | $3.3B | $585.5M | ||
| Q3 24 | $3.4B | $473.0M | ||
| Q2 24 | $3.1B | $435.4M |
| Q1 26 | $35.7B | $1.6B | ||
| Q4 25 | $32.9B | $1.6B | ||
| Q3 25 | $32.3B | $1.3B | ||
| Q2 25 | $32.3B | $1.3B | ||
| Q1 25 | $32.4B | $1.3B | ||
| Q4 24 | $32.0B | $1.8B | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $158.4M | ||
| Q3 25 | $129.0M | $56.3M | ||
| Q2 25 | $111.2M | $86.3M | ||
| Q1 25 | $138.6M | $204.2M | ||
| Q4 24 | $577.9M | $95.2M | ||
| Q3 24 | $431.7M | $30.5M | ||
| Q2 24 | $147.4M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $592.4M | $152.4M | ||
| Q3 25 | $113.3M | $51.8M | ||
| Q2 25 | $100.5M | $84.1M | ||
| Q1 25 | $126.0M | $202.3M | ||
| Q4 24 | $531.7M | $92.4M | ||
| Q3 24 | $419.1M | $27.4M | ||
| Q2 24 | $138.9M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 131.8% | 30.2% | ||
| Q3 25 | 25.7% | 13.6% | ||
| Q2 25 | 22.5% | 21.9% | ||
| Q1 25 | 29.4% | 42.5% | ||
| Q4 24 | 126.0% | 18.8% | ||
| Q3 24 | 99.5% | 8.4% | ||
| Q2 24 | 33.5% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.2% | ||
| Q3 25 | 3.6% | 1.2% | ||
| Q2 25 | 2.4% | 0.6% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 10.9% | 0.6% | ||
| Q3 24 | 3.0% | 0.9% | ||
| Q2 24 | 2.1% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 0.68× | ||
| Q3 25 | 0.91× | 1.30× | ||
| Q2 25 | 0.73× | 2.87× | ||
| Q1 25 | 1.05× | 2.39× | ||
| Q4 24 | 4.25× | 0.80× | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
