vs
Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $475.7M, roughly 1.1× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 7.5%, 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 -0.5%).
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 RAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $529.1M |
| Net Profit | $141.6M | $39.9M |
| Gross Margin | — | 50.8% |
| Operating Margin | — | 9.8% |
| Net Margin | 29.8% | 7.5% |
| Revenue YoY | 11.1% | -0.5% |
| Net Profit YoY | 10.5% | -56.1% |
| EPS (diluted) | $0.96 | $0.35 |
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 | — | ||
| Q3 25 | $441.0M | $529.1M | ||
| Q2 25 | $445.8M | $503.3M | ||
| Q1 25 | $428.1M | — | ||
| Q4 24 | $422.1M | — | ||
| Q3 24 | $421.4M | $531.7M | ||
| Q2 24 | $414.5M | $533.7M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $39.9M | ||
| Q2 25 | $152.5M | $47.6M | ||
| Q1 25 | $131.6M | — | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $138.0M | $90.9M | ||
| Q2 24 | $139.6M | $64.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 51.5% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | 9.8% | ||
| Q2 25 | 44.0% | 11.7% | ||
| Q1 25 | 39.2% | — | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 42.4% | 20.9% | ||
| Q2 24 | 43.4% | 19.7% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | 7.5% | ||
| Q2 25 | 34.2% | 9.5% | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 32.8% | 17.1% | ||
| Q2 24 | 33.7% | 12.1% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | $0.35 | ||
| Q2 25 | $1.14 | $0.42 | ||
| Q1 25 | $0.98 | — | ||
| Q4 24 | $0.83 | — | ||
| Q3 24 | $1.01 | $0.81 | ||
| Q2 24 | $1.03 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $264.2M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $4.3B | $3.0B |
| Total Assets | $35.7B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $264.2M | ||
| Q2 25 | — | $198.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $3.6B | $3.0B | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | $4.0B | ||
| Q2 24 | $3.1B | $4.0B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | — | ||
| Q3 25 | $32.3B | $5.3B | ||
| Q2 25 | $32.3B | $5.2B | ||
| Q1 25 | $32.4B | — | ||
| Q4 24 | $32.0B | — | ||
| Q3 24 | $31.5B | — | ||
| Q2 24 | $30.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $138.6M |
| Free Cash FlowOCF − Capex | — | $126.6M |
| FCF MarginFCF / Revenue | — | 23.9% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | $138.6M | ||
| Q2 25 | $111.2M | — | ||
| Q1 25 | $138.6M | — | ||
| Q4 24 | $577.9M | — | ||
| Q3 24 | $431.7M | — | ||
| Q2 24 | $147.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | $126.6M | ||
| Q2 25 | $100.5M | — | ||
| Q1 25 | $126.0M | — | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | 23.9% | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | 2.3% | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 3.47× | ||
| 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.
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
