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Side-by-side financial comparison of CANADIAN IMPERIAL BANK OF COMMERCE (CM) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

CANADIAN IMPERIAL BANK OF COMMERCE is the larger business by last-quarter revenue ($6.1B vs $3.1B, roughly 2.0× Molson Coors Beverage Company). CANADIAN IMPERIAL BANK OF COMMERCE runs the higher net margin — 36.9% vs 7.6%, a 29.3% gap on every dollar of revenue.

The Imperial Bank of Canada was a Canadian bank that operated from 1873 to 1961. In 1961, Imperial merged with the Canadian Bank of Commerce to become the Canadian Imperial Bank of Commerce.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CM vs TAP — Head-to-Head

Bigger by revenue
CM
CM
2.0× larger
CM
$6.1B
$3.1B
TAP
Higher net margin
CM
CM
29.3% more per $
CM
36.9%
7.6%
TAP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CM
CM
TAP
TAP
Revenue
$6.1B
$3.1B
Net Profit
$2.3B
$238.3M
Gross Margin
31.0%
Operating Margin
10.4%
Net Margin
36.9%
7.6%
Revenue YoY
-3.6%
Net Profit YoY
-17.2%
EPS (diluted)
$1.32

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.

Revenue
CM
CM
TAP
TAP
Q1 26
$6.1B
Q4 25
$3.1B
Q3 25
$5.3B
$3.5B
Q2 25
$5.1B
$3.7B
Q1 25
$2.7B
Q4 24
$3.2B
Q3 24
$3.6B
Q2 24
$3.8B
Net Profit
CM
CM
TAP
TAP
Q1 26
$2.3B
Q4 25
$238.3M
Q3 25
$1.5B
$-2.9B
Q2 25
$1.5B
$428.7M
Q1 25
$121.0M
Q4 24
$287.8M
Q3 24
$199.8M
Q2 24
$427.0M
Gross Margin
CM
CM
TAP
TAP
Q1 26
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
CM
CM
TAP
TAP
Q1 26
Q4 25
10.4%
Q3 25
-98.5%
Q2 25
15.6%
Q1 25
6.9%
Q4 24
12.0%
Q3 24
12.5%
Q2 24
15.6%
Net Margin
CM
CM
TAP
TAP
Q1 26
36.9%
Q4 25
7.6%
Q3 25
28.9%
-84.0%
Q2 25
28.6%
11.5%
Q1 25
4.5%
Q4 24
8.9%
Q3 24
5.5%
Q2 24
11.1%
EPS (diluted)
CM
CM
TAP
TAP
Q1 26
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CM
CM
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$8.0B
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$47.9B
$10.2B
Total Assets
$826.8B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CM
CM
TAP
TAP
Q1 26
$8.0B
Q4 25
$896.5M
Q3 25
$13.9B
$950.2M
Q2 25
$10.2B
$613.8M
Q1 25
$412.7M
Q4 24
$969.3M
Q3 24
$1.0B
Q2 24
$1.6B
Total Debt
CM
CM
TAP
TAP
Q1 26
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
CM
CM
TAP
TAP
Q1 26
$47.9B
Q4 25
$10.2B
Q3 25
$45.9B
$10.3B
Q2 25
$45.2B
$13.4B
Q1 25
$13.1B
Q4 24
$13.1B
Q3 24
$13.3B
Q2 24
$13.2B
Total Assets
CM
CM
TAP
TAP
Q1 26
$826.8B
Q4 25
$22.7B
Q3 25
$804.6B
$22.9B
Q2 25
$795.8B
$26.8B
Q1 25
$25.9B
Q4 24
$26.1B
Q3 24
$26.6B
Q2 24
$27.4B
Debt / Equity
CM
CM
TAP
TAP
Q1 26
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CM
CM
TAP
TAP
Operating Cash FlowLast quarter
$-1.6B
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
-0.69×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CM
CM
TAP
TAP
Q1 26
$-1.6B
Q4 25
$540.7M
Q3 25
$4.3B
$616.1M
Q2 25
$667.2M
$718.3M
Q1 25
$-90.7M
Q4 24
$494.5M
Q3 24
$521.2M
Q2 24
$869.2M
Free Cash Flow
CM
CM
TAP
TAP
Q1 26
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
FCF Margin
CM
CM
TAP
TAP
Q1 26
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Capex Intensity
CM
CM
TAP
TAP
Q1 26
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Cash Conversion
CM
CM
TAP
TAP
Q1 26
-0.69×
Q4 25
2.27×
Q3 25
2.80×
Q2 25
0.46×
1.68×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
2.61×
Q2 24
2.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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