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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $475.7M, roughly 1.0× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 0.4%, a 29.3% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 4.4%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
CBSH vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $490.7M |
| Net Profit | $141.6M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | — | 1.5% |
| Net Margin | 29.8% | 0.4% |
| Revenue YoY | 11.1% | 4.4% |
| Net Profit YoY | 10.5% | -21.2% |
| EPS (diluted) | $0.96 | $0.18 |
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 | — | ||
| Q3 25 | $441.0M | $490.7M | ||
| Q2 25 | $445.8M | $496.5M | ||
| Q1 25 | $428.1M | $492.9M | ||
| Q4 24 | $422.1M | $418.8M | ||
| Q3 24 | $421.4M | $470.0M | ||
| Q2 24 | $414.5M | $526.3M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $2.2M | ||
| Q2 25 | $152.5M | $5.2M | ||
| Q1 25 | $131.6M | $2.5M | ||
| Q4 24 | $136.1M | $3.9M | ||
| Q3 24 | $138.0M | $2.7M | ||
| Q2 24 | $139.6M | $7.7M |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | 1.5% | ||
| Q2 25 | 44.0% | 2.3% | ||
| Q1 25 | 39.2% | 1.6% | ||
| Q4 24 | 41.2% | 2.1% | ||
| Q3 24 | 42.4% | 1.7% | ||
| Q2 24 | 43.4% | 2.9% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | 0.4% | ||
| Q2 25 | 34.2% | 1.1% | ||
| Q1 25 | 30.7% | 0.5% | ||
| Q4 24 | 32.2% | 0.9% | ||
| Q3 24 | 32.8% | 0.6% | ||
| Q2 24 | 33.7% | 1.5% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | $0.18 | ||
| Q2 25 | $1.14 | $0.45 | ||
| Q1 25 | $0.98 | $0.21 | ||
| Q4 24 | $0.83 | $0.33 | ||
| Q3 24 | $1.01 | $0.23 | ||
| Q2 24 | $1.03 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $4.3B | $579.1M |
| Total Assets | $35.7B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $14.8M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $579.1M | ||
| Q2 25 | $3.6B | $578.2M | ||
| Q1 25 | $3.5B | $574.2M | ||
| Q4 24 | $3.3B | $573.9M | ||
| Q3 24 | $3.4B | $570.6M | ||
| Q2 24 | $3.1B | $569.5M |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | — | ||
| Q3 25 | $32.3B | $1.1B | ||
| Q2 25 | $32.3B | $1.1B | ||
| Q1 25 | $32.4B | $1.1B | ||
| Q4 24 | $32.0B | $1.0B | ||
| Q3 24 | $31.5B | $1.0B | ||
| Q2 24 | $30.6B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× |
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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | $-5.4M | ||
| Q2 25 | $111.2M | $15.5M | ||
| Q1 25 | $138.6M | $49.4M | ||
| Q4 24 | $577.9M | $14.6M | ||
| Q3 24 | $431.7M | $24.6M | ||
| Q2 24 | $147.4M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | $-12.9M | ||
| Q2 25 | $100.5M | $6.8M | ||
| Q1 25 | $126.0M | $40.6M | ||
| Q4 24 | $531.7M | $7.4M | ||
| Q3 24 | $419.1M | $15.6M | ||
| Q2 24 | $138.9M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | -2.6% | ||
| Q2 25 | 22.5% | 1.4% | ||
| Q1 25 | 29.4% | 8.2% | ||
| Q4 24 | 126.0% | 1.8% | ||
| Q3 24 | 99.5% | 3.3% | ||
| Q2 24 | 33.5% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | 1.5% | ||
| Q2 25 | 2.4% | 1.7% | ||
| Q1 25 | 2.9% | 1.8% | ||
| Q4 24 | 10.9% | 1.7% | ||
| Q3 24 | 3.0% | 1.9% | ||
| Q2 24 | 2.1% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | -2.50× | ||
| Q2 25 | 0.73× | 2.96× | ||
| Q1 25 | 1.05× | 19.70× | ||
| Q4 24 | 4.25× | 3.75× | ||
| Q3 24 | 3.13× | 9.01× | ||
| Q2 24 | 1.06× | -0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
