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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $475.7M, roughly 1.4× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 0.5%, a 29.3% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 11.1%). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
CBSH vs ZG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $654.0M |
| Net Profit | $141.6M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | — | -1.7% |
| Net Margin | 29.8% | 0.5% |
| Revenue YoY | 11.1% | 18.1% |
| Net Profit YoY | 10.5% | 105.8% |
| EPS (diluted) | $0.96 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $441.0M | $676.0M | ||
| Q2 25 | $445.8M | $655.0M | ||
| Q1 25 | $428.1M | $598.0M | ||
| Q4 24 | $422.1M | $554.0M | ||
| Q3 24 | $421.4M | $581.0M | ||
| Q2 24 | $414.5M | $572.0M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $3.0M | ||
| Q3 25 | $141.5M | $10.0M | ||
| Q2 25 | $152.5M | $2.0M | ||
| Q1 25 | $131.6M | $8.0M | ||
| Q4 24 | $136.1M | $-52.0M | ||
| Q3 24 | $138.0M | $-20.0M | ||
| Q2 24 | $139.6M | $-17.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -1.7% | ||
| Q3 25 | 41.9% | -0.4% | ||
| Q2 25 | 44.0% | -1.7% | ||
| Q1 25 | 39.2% | -1.5% | ||
| Q4 24 | 41.2% | -12.5% | ||
| Q3 24 | 42.4% | -7.7% | ||
| Q2 24 | 43.4% | -6.6% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 0.5% | ||
| Q3 25 | 32.1% | 1.5% | ||
| Q2 25 | 34.2% | 0.3% | ||
| Q1 25 | 30.7% | 1.3% | ||
| Q4 24 | 32.2% | -9.4% | ||
| Q3 24 | 32.8% | -3.4% | ||
| Q2 24 | 33.7% | -3.0% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.01 | ||
| Q3 25 | $1.06 | $0.04 | ||
| Q2 25 | $1.14 | $0.01 | ||
| Q1 25 | $0.98 | $0.03 | ||
| Q4 24 | $0.83 | $-0.23 | ||
| Q3 24 | $1.01 | $-0.08 | ||
| Q2 24 | $1.03 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $4.9B |
| Total Assets | $35.7B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $768.0M | ||
| Q3 25 | — | $874.0M | ||
| Q2 25 | — | $587.0M | ||
| Q1 25 | — | $914.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $4.9B | ||
| Q3 25 | $3.8B | $5.0B | ||
| Q2 25 | $3.6B | $4.7B | ||
| Q1 25 | $3.5B | $4.8B | ||
| Q4 24 | $3.3B | $4.8B | ||
| Q3 24 | $3.4B | $4.7B | ||
| Q2 24 | $3.1B | $4.5B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $5.7B | ||
| Q3 25 | $32.3B | $5.7B | ||
| Q2 25 | $32.3B | $5.4B | ||
| Q1 25 | $32.4B | $5.7B | ||
| Q4 24 | $32.0B | $5.8B | ||
| Q3 24 | $31.5B | $6.2B | ||
| Q2 24 | $30.6B | $6.6B |
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 | — | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $72.0M | ||
| Q3 25 | $129.0M | $105.0M | ||
| Q2 25 | $111.2M | $87.0M | ||
| Q1 25 | $138.6M | $104.0M | ||
| Q4 24 | $577.9M | $122.0M | ||
| Q3 24 | $431.7M | $171.0M | ||
| Q2 24 | $147.4M | $55.0M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $44.0M | ||
| Q3 25 | $113.3M | $73.0M | ||
| Q2 25 | $100.5M | $50.0M | ||
| Q1 25 | $126.0M | $68.0M | ||
| Q4 24 | $531.7M | $88.0M | ||
| Q3 24 | $419.1M | $138.0M | ||
| Q2 24 | $138.9M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 6.7% | ||
| Q3 25 | 25.7% | 10.8% | ||
| Q2 25 | 22.5% | 7.6% | ||
| Q1 25 | 29.4% | 11.4% | ||
| Q4 24 | 126.0% | 15.9% | ||
| Q3 24 | 99.5% | 23.8% | ||
| Q2 24 | 33.5% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 4.3% | ||
| Q3 25 | 3.6% | 4.7% | ||
| Q2 25 | 2.4% | 5.6% | ||
| Q1 25 | 2.9% | 6.0% | ||
| Q4 24 | 10.9% | 6.1% | ||
| Q3 24 | 3.0% | 5.7% | ||
| Q2 24 | 2.1% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 24.00× | ||
| Q3 25 | 0.91× | 10.50× | ||
| Q2 25 | 0.73× | 43.50× | ||
| Q1 25 | 1.05× | 13.00× | ||
| Q4 24 | 4.25× | — | ||
| 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.
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
