vs

Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.

SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $475.7M, roughly 1.6× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 2.2%, a 27.6% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 2.5%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 0.9%).

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.

ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.

CBSH vs SCSC — Head-to-Head

Bigger by revenue
SCSC
SCSC
1.6× larger
SCSC
$766.5M
$475.7M
CBSH
Growing faster (revenue YoY)
CBSH
CBSH
+8.6% gap
CBSH
11.1%
2.5%
SCSC
Higher net margin
CBSH
CBSH
27.6% more per $
CBSH
29.8%
2.2%
SCSC
Faster 2-yr revenue CAGR
CBSH
CBSH
Annualised
CBSH
7.1%
0.9%
SCSC

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
CBSH
CBSH
SCSC
SCSC
Revenue
$475.7M
$766.5M
Net Profit
$141.6M
$16.5M
Gross Margin
13.4%
Operating Margin
2.3%
Net Margin
29.8%
2.2%
Revenue YoY
11.1%
2.5%
Net Profit YoY
0.7%
-3.3%
EPS (diluted)
$0.96
$0.75

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.

Revenue
CBSH
CBSH
SCSC
SCSC
Q1 26
$475.7M
Q4 25
$449.4M
$766.5M
Q3 25
$441.0M
$739.6M
Q2 25
$445.8M
$812.9M
Q1 25
$428.1M
$704.8M
Q4 24
$422.1M
$747.5M
Q3 24
$421.4M
$775.6M
Q2 24
$414.5M
$746.1M
Net Profit
CBSH
CBSH
SCSC
SCSC
Q1 26
$141.6M
Q4 25
$140.7M
$16.5M
Q3 25
$141.5M
$19.9M
Q2 25
$152.5M
$20.1M
Q1 25
$131.6M
$17.4M
Q4 24
$136.1M
$17.1M
Q3 24
$138.0M
$17.0M
Q2 24
$139.6M
$16.1M
Gross Margin
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
13.4%
Q3 25
14.5%
Q2 25
12.9%
Q1 25
14.2%
Q4 24
13.6%
Q3 24
13.1%
Q2 24
13.0%
Operating Margin
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
40.8%
2.3%
Q3 25
41.9%
3.5%
Q2 25
44.0%
3.3%
Q1 25
39.2%
3.2%
Q4 24
41.2%
2.5%
Q3 24
42.4%
2.3%
Q2 24
43.4%
2.9%
Net Margin
CBSH
CBSH
SCSC
SCSC
Q1 26
29.8%
Q4 25
31.3%
2.2%
Q3 25
32.1%
2.7%
Q2 25
34.2%
2.5%
Q1 25
30.7%
2.5%
Q4 24
32.2%
2.3%
Q3 24
32.8%
2.2%
Q2 24
33.7%
2.2%
EPS (diluted)
CBSH
CBSH
SCSC
SCSC
Q1 26
$0.96
Q4 25
$0.86
$0.75
Q3 25
$1.06
$0.89
Q2 25
$1.14
$0.87
Q1 25
$0.98
$0.74
Q4 24
$0.83
$0.70
Q3 24
$1.01
$0.69
Q2 24
$1.03
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBSH
CBSH
SCSC
SCSC
Cash + ST InvestmentsLiquidity on hand
$83.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.3B
$910.9M
Total Assets
$35.7B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
$83.5M
Q3 25
$124.9M
Q2 25
$126.2M
Q1 25
$146.3M
Q4 24
$110.5M
Q3 24
$145.0M
Q2 24
$185.5M
Stockholders' Equity
CBSH
CBSH
SCSC
SCSC
Q1 26
$4.3B
Q4 25
$3.8B
$910.9M
Q3 25
$3.8B
$914.0M
Q2 25
$3.6B
$906.4M
Q1 25
$3.5B
$901.7M
Q4 24
$3.3B
$900.7M
Q3 24
$3.4B
$920.9M
Q2 24
$3.1B
$924.3M
Total Assets
CBSH
CBSH
SCSC
SCSC
Q1 26
$35.7B
Q4 25
$32.9B
$1.7B
Q3 25
$32.3B
$1.7B
Q2 25
$32.3B
$1.8B
Q1 25
$32.4B
$1.7B
Q4 24
$32.0B
$1.7B
Q3 24
$31.5B
$1.8B
Q2 24
$30.6B
$1.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBSH
CBSH
SCSC
SCSC
Operating Cash FlowLast quarter
$30.8M
Free Cash FlowOCF − Capex
$28.9M
FCF MarginFCF / Revenue
3.8%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
$645.1M
$30.8M
Q3 25
$129.0M
$23.2M
Q2 25
$111.2M
Q1 25
$138.6M
$66.1M
Q4 24
$577.9M
$-6.2M
Q3 24
$431.7M
$44.8M
Q2 24
$147.4M
Free Cash Flow
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
$592.4M
$28.9M
Q3 25
$113.3M
$20.8M
Q2 25
$100.5M
Q1 25
$126.0M
$64.6M
Q4 24
$531.7M
$-8.2M
Q3 24
$419.1M
$42.5M
Q2 24
$138.9M
FCF Margin
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
131.8%
3.8%
Q3 25
25.7%
2.8%
Q2 25
22.5%
Q1 25
29.4%
9.2%
Q4 24
126.0%
-1.1%
Q3 24
99.5%
5.5%
Q2 24
33.5%
Capex Intensity
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
11.7%
0.3%
Q3 25
3.6%
0.3%
Q2 25
2.4%
0.3%
Q1 25
2.9%
0.2%
Q4 24
10.9%
0.3%
Q3 24
3.0%
0.3%
Q2 24
2.1%
0.2%
Cash Conversion
CBSH
CBSH
SCSC
SCSC
Q1 26
Q4 25
4.59×
1.87×
Q3 25
0.91×
1.17×
Q2 25
0.73×
Q1 25
1.05×
3.79×
Q4 24
4.25×
-0.36×
Q3 24
3.13×
2.64×
Q2 24
1.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBSH
CBSH

Segment breakdown not available.

SCSC
SCSC

Products And Services$723.4M94%
Intelisys Advisory$25.0M3%
Recurring Revenue$18.2M2%

Related Comparisons