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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $475.7M, roughly 1.2× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -33.1%, a 62.9% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -6.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
CBSH vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $566.0M |
| Net Profit | $141.6M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | — | -32.5% |
| Net Margin | 29.8% | -33.1% |
| Revenue YoY | 11.1% | -6.1% |
| Net Profit YoY | 10.5% | -310.0% |
| EPS (diluted) | $0.96 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $441.0M | $566.8M | ||
| Q2 25 | $445.8M | $589.1M | ||
| Q1 25 | $428.1M | $559.6M | ||
| Q4 24 | $422.1M | $602.5M | ||
| Q3 24 | $421.4M | $601.4M | ||
| Q2 24 | $414.5M | $604.6M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-187.3M | ||
| Q3 25 | $141.5M | $43.3M | ||
| Q2 25 | $152.5M | $47.9M | ||
| Q1 25 | $131.6M | $43.1M | ||
| Q4 24 | $136.1M | $89.2M | ||
| Q3 24 | $138.0M | $-70.5M | ||
| Q2 24 | $139.6M | $-46.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -32.5% | ||
| Q3 25 | 41.9% | 21.0% | ||
| Q2 25 | 44.0% | 21.5% | ||
| Q1 25 | 39.2% | 21.3% | ||
| Q4 24 | 41.2% | 28.9% | ||
| Q3 24 | 42.4% | -5.9% | ||
| Q2 24 | 43.4% | -0.9% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -33.1% | ||
| Q3 25 | 32.1% | 7.6% | ||
| Q2 25 | 34.2% | 8.1% | ||
| Q1 25 | 30.7% | 7.7% | ||
| Q4 24 | 32.2% | 14.8% | ||
| Q3 24 | 32.8% | -11.7% | ||
| Q2 24 | 33.7% | -7.7% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-1.02 | ||
| Q3 25 | $1.06 | $0.24 | ||
| Q2 25 | $1.14 | $0.26 | ||
| Q1 25 | $0.98 | $0.23 | ||
| Q4 24 | $0.83 | $0.48 | ||
| Q3 24 | $1.01 | $-0.37 | ||
| Q2 24 | $1.03 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $4.3B | $856.3M |
| Total Assets | $35.7B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $5.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $856.3M | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $3.5B | $1.0B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.1B | $1.2B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $5.8B | ||
| Q3 25 | $32.3B | $6.1B | ||
| Q2 25 | $32.3B | $6.1B | ||
| Q1 25 | $32.4B | $6.0B | ||
| Q4 24 | $32.0B | $6.0B | ||
| Q3 24 | $31.5B | $6.0B | ||
| Q2 24 | $30.6B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× |
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 | — | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $158.9M | ||
| Q3 25 | $129.0M | $191.2M | ||
| Q2 25 | $111.2M | $205.3M | ||
| Q1 25 | $138.6M | $206.6M | ||
| Q4 24 | $577.9M | $178.9M | ||
| Q3 24 | $431.7M | $-1.6M | ||
| Q2 24 | $147.4M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $149.7M | ||
| Q3 25 | $113.3M | $186.9M | ||
| Q2 25 | $100.5M | $199.0M | ||
| Q1 25 | $126.0M | $202.0M | ||
| Q4 24 | $531.7M | $176.6M | ||
| Q3 24 | $419.1M | $-4.9M | ||
| Q2 24 | $138.9M | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 26.5% | ||
| Q3 25 | 25.7% | 33.0% | ||
| Q2 25 | 22.5% | 33.8% | ||
| Q1 25 | 29.4% | 36.1% | ||
| Q4 24 | 126.0% | 29.3% | ||
| Q3 24 | 99.5% | -0.8% | ||
| Q2 24 | 33.5% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.6% | ||
| Q3 25 | 3.6% | 0.7% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | 10.9% | 0.4% | ||
| Q3 24 | 3.0% | 0.6% | ||
| Q2 24 | 2.1% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 4.41× | ||
| Q2 25 | 0.73× | 4.28× | ||
| Q1 25 | 1.05× | 4.80× | ||
| Q4 24 | 4.25× | 2.01× | ||
| 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.
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
