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COMMERCE BANCSHARES INC（CBSH）与CoStar Group（CSGP）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是COMMERCE BANCSHARES INC的1.9倍（$899.9M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 5.2%，领先24.6%），CoStar Group同比增速更快（26.9% vs 11.1%），过去两年CoStar Group的营收复合增速更高（17.1% vs 7.1%）
Commerce Bancshares, Inc.是总部位于美国密苏里州的区域性银行控股公司，在堪萨斯城和圣路易斯设有核心办公点，旗下Commerce Bank提供多元化金融服务，覆盖企业及个人银行、财富管理、关联公司投资等业务。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
CBSH vs CSGP — 直观对比
营收规模更大
CSGP
是对方的1.9倍
$475.7M
营收增速更快
CSGP
高出15.7%
11.1%
净利率更高
CBSH
高出24.6%
5.2%
两年增速更快
CSGP
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $899.9M |
| 净利润 | $141.6M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | — | 5.5% |
| 净利率 | 29.8% | 5.2% |
| 营收同比 | 11.1% | 26.9% |
| 净利润同比 | 10.5% | -22.2% |
| 每股收益（稀释后） | $0.96 | $0.12 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CBSHCSGP
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $899.9M | ||
| Q3 25 | $441.0M | $833.6M | ||
| Q2 25 | $445.8M | $781.3M | ||
| Q1 25 | $428.1M | $732.2M | ||
| Q4 24 | $422.1M | $709.4M | ||
| Q3 24 | $421.4M | $692.6M | ||
| Q2 24 | $414.5M | $677.8M |
净利润CBSHCSGP
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $46.5M | ||
| Q3 25 | $141.5M | $-30.9M | ||
| Q2 25 | $152.5M | $6.2M | ||
| Q1 25 | $131.6M | $-14.8M | ||
| Q4 24 | $136.1M | $59.8M | ||
| Q3 24 | $138.0M | $53.0M | ||
| Q2 24 | $139.6M | $19.2M |
毛利率CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% |
营业利润率CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 5.5% | ||
| Q3 25 | 41.9% | -6.1% | ||
| Q2 25 | 44.0% | -3.5% | ||
| Q1 25 | 39.2% | -5.8% | ||
| Q4 24 | 41.2% | 5.6% | ||
| Q3 24 | 42.4% | 3.4% | ||
| Q2 24 | 43.4% | -2.4% |
净利率CBSHCSGP
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 5.2% | ||
| Q3 25 | 32.1% | -3.7% | ||
| Q2 25 | 34.2% | 0.8% | ||
| Q1 25 | 30.7% | -2.0% | ||
| Q4 24 | 32.2% | 8.4% | ||
| Q3 24 | 32.8% | 7.7% | ||
| Q2 24 | 33.7% | 2.8% |
每股收益（稀释后）CBSHCSGP
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.12 | ||
| Q3 25 | $1.06 | $-0.07 | ||
| Q2 25 | $1.14 | $0.01 | ||
| Q1 25 | $0.98 | $-0.04 | ||
| Q4 24 | $0.83 | $0.14 | ||
| Q3 24 | $1.01 | $0.13 | ||
| Q2 24 | $1.03 | $0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $1.6B |
| 总债务越低越好 | — | $140.0M |
| 股东权益账面价值 | $4.3B | $8.3B |
| 总资产 | $35.7B | $10.5B |
| 负债/权益比越低杠杆越低 | — | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | $140.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益CBSHCSGP
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $8.3B | ||
| Q3 25 | $3.8B | $8.6B | ||
| Q2 25 | $3.6B | $8.6B | ||
| Q1 25 | $3.5B | $8.6B | ||
| Q4 24 | $3.3B | $7.6B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.1B | $7.4B |
总资产CBSHCSGP
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $10.5B | ||
| Q3 25 | $32.3B | $10.8B | ||
| Q2 25 | $32.3B | $10.5B | ||
| Q1 25 | $32.4B | $10.4B | ||
| Q4 24 | $32.0B | $9.3B | ||
| Q3 24 | $31.5B | $9.1B | ||
| Q2 24 | $30.6B | $9.1B |
负债/权益比CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $162.1M |
| 自由现金流经营现金流 - 资本支出 | — | $101.3M |
| 自由现金流率自由现金流/营收 | — | 11.3% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | — | $123.0M |
8季度趋势，按日历期对齐
经营现金流CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $162.1M | ||
| Q3 25 | $129.0M | $68.2M | ||
| Q2 25 | $111.2M | $146.5M | ||
| Q1 25 | $138.6M | $53.2M | ||
| Q4 24 | $577.9M | $94.6M | ||
| Q3 24 | $431.7M | $100.3M | ||
| Q2 24 | $147.4M | $58.1M |
自由现金流CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $101.3M | ||
| Q3 25 | $113.3M | $-5.5M | ||
| Q2 25 | $100.5M | $27.7M | ||
| Q1 25 | $126.0M | $-500.0K | ||
| Q4 24 | $531.7M | $25.2M | ||
| Q3 24 | $419.1M | $40.2M | ||
| Q2 24 | $138.9M | $-14.7M |
自由现金流率CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 11.3% | ||
| Q3 25 | 25.7% | -0.7% | ||
| Q2 25 | 22.5% | 3.5% | ||
| Q1 25 | 29.4% | -0.1% | ||
| Q4 24 | 126.0% | 3.6% | ||
| Q3 24 | 99.5% | 5.8% | ||
| Q2 24 | 33.5% | -2.2% |
资本支出强度CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 6.8% | ||
| Q3 25 | 3.6% | 8.8% | ||
| Q2 25 | 2.4% | 15.2% | ||
| Q1 25 | 2.9% | 7.3% | ||
| Q4 24 | 10.9% | 9.8% | ||
| Q3 24 | 3.0% | 8.7% | ||
| Q2 24 | 2.1% | 10.7% |
现金转化率CBSHCSGP
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 3.49× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | 23.63× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | 1.58× | ||
| Q3 24 | 3.13× | 1.89× | ||
| Q2 24 | 1.06× | 3.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CBSH
暂无分部数据
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
