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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $475.7M, roughly 1.5× COMMERCE BANCSHARES INC). On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
CBSH vs SM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $704.9M |
| Net Profit | $141.6M | — |
| Gross Margin | — | — |
| Operating Margin | — | 25.9% |
| Net Margin | 29.8% | — |
| Revenue YoY | 11.1% | -17.3% |
| Net Profit YoY | 10.5% | — |
| EPS (diluted) | $0.96 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $441.0M | $811.6M | ||
| Q2 25 | $445.8M | $792.9M | ||
| Q1 25 | $428.1M | $844.5M | ||
| Q4 24 | $422.1M | $852.0M | ||
| Q3 24 | $421.4M | $643.6M | ||
| Q2 24 | $414.5M | $634.6M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $155.1M | ||
| Q2 25 | $152.5M | $201.7M | ||
| Q1 25 | $131.6M | $182.3M | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $138.0M | $240.5M | ||
| Q2 24 | $139.6M | $210.3M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 25.9% | ||
| Q3 25 | 41.9% | 30.4% | ||
| Q2 25 | 44.0% | 37.2% | ||
| Q1 25 | 39.2% | 32.7% | ||
| Q4 24 | 41.2% | 33.7% | ||
| Q3 24 | 42.4% | 51.4% | ||
| Q2 24 | 43.4% | 44.0% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | 19.1% | ||
| Q2 25 | 34.2% | 25.4% | ||
| Q1 25 | 30.7% | 21.6% | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 32.8% | 37.4% | ||
| Q2 24 | 33.7% | 33.1% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.94 | ||
| Q3 25 | $1.06 | $1.35 | ||
| Q2 25 | $1.14 | $1.76 | ||
| Q1 25 | $0.98 | $1.59 | ||
| Q4 24 | $0.83 | $1.63 | ||
| Q3 24 | $1.01 | $2.09 | ||
| Q2 24 | $1.03 | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $4.8B |
| Total Assets | $35.7B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $368.0M | ||
| Q3 25 | — | $162.3M | ||
| Q2 25 | — | $101.9M | ||
| Q1 25 | — | $54.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $487.9M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $4.8B | ||
| Q3 25 | $3.8B | $4.7B | ||
| Q2 25 | $3.6B | $4.6B | ||
| Q1 25 | $3.5B | $4.4B | ||
| Q4 24 | $3.3B | $4.2B | ||
| Q3 24 | $3.4B | $4.1B | ||
| Q2 24 | $3.1B | $3.8B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $9.3B | ||
| Q3 25 | $32.3B | $9.1B | ||
| Q2 25 | $32.3B | $9.0B | ||
| Q1 25 | $32.4B | $8.8B | ||
| Q4 24 | $32.0B | $8.6B | ||
| Q3 24 | $31.5B | $8.0B | ||
| Q2 24 | $30.6B | $6.7B |
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 | — | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $451.9M | ||
| Q3 25 | $129.0M | $505.0M | ||
| Q2 25 | $111.2M | $571.1M | ||
| Q1 25 | $138.6M | $483.0M | ||
| Q4 24 | $577.9M | $578.4M | ||
| Q3 24 | $431.7M | $452.3M | ||
| Q2 24 | $147.4M | $476.4M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | — | ||
| 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% | — | ||
| 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% | — | ||
| 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× | 3.26× | ||
| Q2 25 | 0.73× | 2.83× | ||
| Q1 25 | 1.05× | 2.65× | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | 1.88× | ||
| Q2 24 | 1.06× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
