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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $336.8M, roughly 1.4× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs 29.8%, a 35.5% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -2.4%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 2.4%).
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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
CBSH vs TDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $336.8M |
| Net Profit | $141.6M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | — | 19.0% |
| Net Margin | 29.8% | 65.3% |
| Revenue YoY | 11.1% | -2.4% |
| Net Profit YoY | 10.5% | 495.8% |
| EPS (diluted) | $0.96 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $441.0M | $341.1M | ||
| Q2 25 | $445.8M | $341.4M | ||
| Q1 25 | $428.1M | $333.4M | ||
| Q4 24 | $422.1M | $345.1M | ||
| Q3 24 | $421.4M | $340.4M | ||
| Q2 24 | $414.5M | $339.2M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $219.9M | ||
| Q3 25 | $141.5M | $-806.0K | ||
| Q2 25 | $152.5M | $72.9M | ||
| Q1 25 | $131.6M | $42.7M | ||
| Q4 24 | $136.1M | $36.9M | ||
| Q3 24 | $138.0M | $46.4M | ||
| Q2 24 | $139.6M | $50.4M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 19.0% | ||
| Q3 25 | 41.9% | 18.4% | ||
| Q2 25 | 44.0% | 23.7% | ||
| Q1 25 | 39.2% | 22.5% | ||
| Q4 24 | 41.2% | 23.6% | ||
| Q3 24 | 42.4% | 20.6% | ||
| Q2 24 | 43.4% | 23.0% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 65.3% | ||
| Q3 25 | 32.1% | -0.2% | ||
| Q2 25 | 34.2% | 21.4% | ||
| Q1 25 | 30.7% | 12.8% | ||
| Q4 24 | 32.2% | 10.7% | ||
| Q3 24 | 32.8% | 13.6% | ||
| Q2 24 | 33.7% | 14.8% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $4.37 | ||
| Q3 25 | $1.06 | $-0.02 | ||
| Q2 25 | $1.14 | $1.46 | ||
| Q1 25 | $0.98 | $0.83 | ||
| Q4 24 | $0.83 | $0.70 | ||
| Q3 24 | $1.01 | $0.87 | ||
| Q2 24 | $1.03 | $0.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $4.3B | $1.4B |
| Total Assets | $35.7B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $578.8M | ||
| Q3 25 | — | $428.2M | ||
| Q2 25 | — | $369.4M | ||
| Q1 25 | — | $341.8M | ||
| Q4 24 | — | $324.9M | ||
| Q3 24 | — | $280.8M | ||
| Q2 24 | — | $315.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $1.1B | ||
| Q1 25 | $3.5B | $1.1B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.1B | $1.1B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.4B | ||
| Q3 25 | $32.3B | $2.1B | ||
| Q2 25 | $32.3B | $2.1B | ||
| Q1 25 | $32.4B | $2.1B | ||
| Q4 24 | $32.0B | $2.1B | ||
| Q3 24 | $31.5B | $2.0B | ||
| Q2 24 | $30.6B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | — | $153.0M |
| Free Cash FlowOCF − Capex | — | $147.8M |
| FCF MarginFCF / Revenue | — | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $153.0M | ||
| Q3 25 | $129.0M | $54.7M | ||
| Q2 25 | $111.2M | $85.4M | ||
| Q1 25 | $138.6M | $86.0M | ||
| Q4 24 | $577.9M | $100.0M | ||
| Q3 24 | $431.7M | $49.0M | ||
| Q2 24 | $147.4M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $147.8M | ||
| Q3 25 | $113.3M | $49.6M | ||
| Q2 25 | $100.5M | $80.2M | ||
| Q1 25 | $126.0M | $75.7M | ||
| Q4 24 | $531.7M | $95.5M | ||
| Q3 24 | $419.1M | $43.3M | ||
| Q2 24 | $138.9M | $72.3M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 43.9% | ||
| Q3 25 | 25.7% | 14.5% | ||
| Q2 25 | 22.5% | 23.5% | ||
| Q1 25 | 29.4% | 22.7% | ||
| Q4 24 | 126.0% | 27.7% | ||
| Q3 24 | 99.5% | 12.7% | ||
| Q2 24 | 33.5% | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.5% | ||
| Q3 25 | 3.6% | 1.5% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 2.9% | 3.1% | ||
| Q4 24 | 10.9% | 1.3% | ||
| Q3 24 | 3.0% | 1.7% | ||
| Q2 24 | 2.1% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 0.70× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | 1.17× | ||
| Q1 25 | 1.05× | 2.02× | ||
| Q4 24 | 4.25× | 2.71× | ||
| Q3 24 | 3.13× | 1.06× | ||
| Q2 24 | 1.06× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
