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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $475.7M, roughly 1.1× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 6.1%, a 23.6% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 11.1%). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
CBSH vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $517.5M |
| Net Profit | $141.6M | $31.8M |
| Gross Margin | — | 47.3% |
| Operating Margin | — | 9.7% |
| Net Margin | 29.8% | 6.1% |
| Revenue YoY | 11.1% | 25.5% |
| Net Profit YoY | 10.5% | 162.8% |
| EPS (diluted) | $0.96 | $0.37 |
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 | $517.5M | ||
| Q4 25 | $449.4M | — | ||
| Q3 25 | $441.0M | $470.3M | ||
| Q2 25 | $445.8M | $474.2M | ||
| Q1 25 | $428.1M | $412.3M | ||
| Q4 24 | $422.1M | $494.7M | ||
| Q3 24 | $421.4M | $440.2M | ||
| Q2 24 | $414.5M | $425.2M |
| Q1 26 | $141.6M | $31.8M | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $25.1M | ||
| Q2 25 | $152.5M | $26.8M | ||
| Q1 25 | $131.6M | $12.1M | ||
| Q4 24 | $136.1M | $23.1M | ||
| Q3 24 | $138.0M | $23.2M | ||
| Q2 24 | $139.6M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 47.5% | ||
| Q2 25 | — | 47.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | — | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | 8.4% | ||
| Q2 25 | 44.0% | 8.6% | ||
| Q1 25 | 39.2% | 4.8% | ||
| Q4 24 | 41.2% | 7.4% | ||
| Q3 24 | 42.4% | 7.9% | ||
| Q2 24 | 43.4% | 6.8% |
| Q1 26 | 29.8% | 6.1% | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | 5.3% | ||
| Q2 25 | 34.2% | 5.7% | ||
| Q1 25 | 30.7% | 2.9% | ||
| Q4 24 | 32.2% | 4.7% | ||
| Q3 24 | 32.8% | 5.3% | ||
| Q2 24 | 33.7% | 3.2% |
| Q1 26 | $0.96 | $0.37 | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | $0.30 | ||
| Q2 25 | $1.14 | $0.32 | ||
| Q1 25 | $0.98 | $0.15 | ||
| Q4 24 | $0.83 | $0.29 | ||
| Q3 24 | $1.01 | $0.28 | ||
| Q2 24 | $1.03 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $4.3B | $408.0M |
| Total Assets | $35.7B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | $4.3B | $408.0M | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $376.7M | ||
| Q2 25 | $3.6B | $344.0M | ||
| Q1 25 | $3.5B | $310.6M | ||
| Q4 24 | $3.3B | $312.9M | ||
| Q3 24 | $3.4B | $295.2M | ||
| Q2 24 | $3.1B | $262.1M |
| Q1 26 | $35.7B | $1.7B | ||
| Q4 25 | $32.9B | — | ||
| 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 |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | — | $146.2M |
| Free Cash FlowOCF − Capex | — | $145.6M |
| FCF MarginFCF / Revenue | — | 28.1% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | $33.0M | ||
| Q2 25 | $111.2M | $44.6M | ||
| Q1 25 | $138.6M | $-83.8M | ||
| Q4 24 | $577.9M | $82.4M | ||
| Q3 24 | $431.7M | $108.2M | ||
| Q2 24 | $147.4M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | $30.1M | ||
| Q2 25 | $100.5M | $41.2M | ||
| Q1 25 | $126.0M | $-91.4M | ||
| Q4 24 | $531.7M | $74.4M | ||
| Q3 24 | $419.1M | $104.1M | ||
| Q2 24 | $138.9M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | 6.4% | ||
| Q2 25 | 22.5% | 8.7% | ||
| Q1 25 | 29.4% | -22.2% | ||
| Q4 24 | 126.0% | 15.0% | ||
| Q3 24 | 99.5% | 23.6% | ||
| Q2 24 | 33.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | 0.6% | ||
| Q2 25 | 2.4% | 0.7% | ||
| Q1 25 | 2.9% | 1.8% | ||
| Q4 24 | 10.9% | 1.6% | ||
| Q3 24 | 3.0% | 0.9% | ||
| Q2 24 | 2.1% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | 1.31× | ||
| Q2 25 | 0.73× | 1.66× | ||
| Q1 25 | 1.05× | -6.93× | ||
| Q4 24 | 4.25× | 3.57× | ||
| Q3 24 | 3.13× | 4.66× | ||
| Q2 24 | 1.06× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
