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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and TREX CO INC (TREX). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $343.4M, roughly 1.4× TREX CO INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 17.9%, a 11.9% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 1.0%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -4.5%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
CBSH vs TREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $343.4M |
| Net Profit | $141.6M | $61.4M |
| Gross Margin | — | 40.5% |
| Operating Margin | — | 24.3% |
| Net Margin | 29.8% | 17.9% |
| Revenue YoY | 11.1% | 1.0% |
| Net Profit YoY | 10.5% | 1.6% |
| EPS (diluted) | $0.96 | $0.58 |
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 | $343.4M | ||
| Q4 25 | $449.4M | $161.1M | ||
| Q3 25 | $441.0M | $285.3M | ||
| Q2 25 | $445.8M | $387.8M | ||
| Q1 25 | $428.1M | $340.0M | ||
| Q4 24 | $422.1M | $167.6M | ||
| Q3 24 | $421.4M | $233.7M | ||
| Q2 24 | $414.5M | $376.5M |
| Q1 26 | $141.6M | $61.4M | ||
| Q4 25 | $140.7M | $2.3M | ||
| Q3 25 | $141.5M | $51.8M | ||
| Q2 25 | $152.5M | $75.9M | ||
| Q1 25 | $131.6M | $60.4M | ||
| Q4 24 | $136.1M | $9.8M | ||
| Q3 24 | $138.0M | $40.6M | ||
| Q2 24 | $139.6M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 40.8% | 2.2% | ||
| Q3 25 | 41.9% | 24.7% | ||
| Q2 25 | 44.0% | 26.4% | ||
| Q1 25 | 39.2% | 24.0% | ||
| Q4 24 | 41.2% | 9.2% | ||
| Q3 24 | 42.4% | 23.2% | ||
| Q2 24 | 43.4% | 31.1% |
| Q1 26 | 29.8% | 17.9% | ||
| Q4 25 | 31.3% | 1.4% | ||
| Q3 25 | 32.1% | 18.1% | ||
| Q2 25 | 34.2% | 19.6% | ||
| Q1 25 | 30.7% | 17.8% | ||
| Q4 24 | 32.2% | 5.8% | ||
| Q3 24 | 32.8% | 17.4% | ||
| Q2 24 | 33.7% | 23.1% |
| Q1 26 | $0.96 | $0.58 | ||
| Q4 25 | $0.86 | $0.03 | ||
| Q3 25 | $1.06 | $0.48 | ||
| Q2 25 | $1.14 | $0.71 | ||
| Q1 25 | $0.98 | $0.56 | ||
| Q4 24 | $0.83 | $0.10 | ||
| Q3 24 | $1.01 | $0.37 | ||
| Q2 24 | $1.03 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $995.8M |
| Total Assets | $35.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $3.8M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $5.5M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | — | $1.2M |
| Q1 26 | $4.3B | $995.8M | ||
| Q4 25 | $3.8B | $1.0B | ||
| Q3 25 | $3.8B | $1.0B | ||
| Q2 25 | $3.6B | $989.3M | ||
| Q1 25 | $3.5B | $910.1M | ||
| Q4 24 | $3.3B | $850.1M | ||
| Q3 24 | $3.4B | $887.9M | ||
| Q2 24 | $3.1B | $894.9M |
| Q1 26 | $35.7B | $1.7B | ||
| Q4 25 | $32.9B | $1.5B | ||
| Q3 25 | $32.3B | $1.5B | ||
| Q2 25 | $32.3B | $1.5B | ||
| Q1 25 | $32.4B | $1.6B | ||
| Q4 24 | $32.0B | $1.3B | ||
| Q3 24 | $31.5B | $1.3B | ||
| Q2 24 | $30.6B | $1.3B |
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 | — | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $645.1M | $65.5M | ||
| Q3 25 | $129.0M | $196.9M | ||
| Q2 25 | $111.2M | $249.8M | ||
| Q1 25 | $138.6M | $-154.0M | ||
| Q4 24 | $577.9M | $-8.5M | ||
| Q3 24 | $431.7M | $132.8M | ||
| Q2 24 | $147.4M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $592.4M | $22.1M | ||
| Q3 25 | $113.3M | $142.9M | ||
| Q2 25 | $100.5M | $203.0M | ||
| Q1 25 | $126.0M | $-233.5M | ||
| Q4 24 | $531.7M | $-89.3M | ||
| Q3 24 | $419.1M | $54.5M | ||
| Q2 24 | $138.9M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 131.8% | 13.7% | ||
| Q3 25 | 25.7% | 50.1% | ||
| Q2 25 | 22.5% | 52.3% | ||
| Q1 25 | 29.4% | -68.7% | ||
| Q4 24 | 126.0% | -53.3% | ||
| Q3 24 | 99.5% | 23.3% | ||
| Q2 24 | 33.5% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 26.9% | ||
| Q3 25 | 3.6% | 18.9% | ||
| Q2 25 | 2.4% | 12.1% | ||
| Q1 25 | 2.9% | 23.4% | ||
| Q4 24 | 10.9% | 48.2% | ||
| Q3 24 | 3.0% | 33.5% | ||
| Q2 24 | 2.1% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 4.59× | 28.45× | ||
| Q3 25 | 0.91× | 3.80× | ||
| Q2 25 | 0.73× | 3.29× | ||
| Q1 25 | 1.05× | -2.55× | ||
| Q4 24 | 4.25× | -0.87× | ||
| Q3 24 | 3.13× | 3.27× | ||
| Q2 24 | 1.06× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
