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COMMERCE BANCSHARES INC（CBSH）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
COMMERCE BANCSHARES INC的季度营收约是南玻集团的1.5倍（$475.7M vs $323.1M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 2.2%，领先27.6%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 2.0%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs 4.6%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
CBSH vs CSGS — 直观对比
营收规模更大
CBSH
是对方的1.5倍
$323.1M
营收增速更快
CBSH
高出9.1%
2.0%
净利率更高
CBSH
高出27.6%
2.2%
两年增速更快
CBSH
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $323.1M |
| 净利润 | $141.6M | $7.0M |
| 毛利率 | — | 50.0% |
| 营业利润率 | — | 9.0% |
| 净利率 | 29.8% | 2.2% |
| 营收同比 | 11.1% | 2.0% |
| 净利润同比 | 10.5% | -79.7% |
| 每股收益（稀释后） | $0.96 | $0.24 |
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CBSHCSGS
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $323.1M | ||
| Q3 25 | $441.0M | $303.6M | ||
| Q2 25 | $445.8M | $297.1M | ||
| Q1 25 | $428.1M | $299.5M | ||
| Q4 24 | $422.1M | $316.7M | ||
| Q3 24 | $421.4M | $295.1M | ||
| Q2 24 | $414.5M | $290.3M |
净利润CBSHCSGS
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $7.0M | ||
| Q3 25 | $141.5M | $20.5M | ||
| Q2 25 | $152.5M | $12.3M | ||
| Q1 25 | $131.6M | $16.1M | ||
| Q4 24 | $136.1M | $34.5M | ||
| Q3 24 | $138.0M | $19.1M | ||
| Q2 24 | $139.6M | $13.8M |
毛利率CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 50.0% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 49.5% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 47.3% |
营业利润率CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 9.0% | ||
| Q3 25 | 41.9% | 10.0% | ||
| Q2 25 | 44.0% | 10.0% | ||
| Q1 25 | 39.2% | 9.8% | ||
| Q4 24 | 41.2% | 13.4% | ||
| Q3 24 | 42.4% | 10.8% | ||
| Q2 24 | 43.4% | 8.8% |
净利率CBSHCSGS
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 2.2% | ||
| Q3 25 | 32.1% | 6.7% | ||
| Q2 25 | 34.2% | 4.1% | ||
| Q1 25 | 30.7% | 5.4% | ||
| Q4 24 | 32.2% | 10.9% | ||
| Q3 24 | 32.8% | 6.5% | ||
| Q2 24 | 33.7% | 4.8% |
每股收益（稀释后）CBSHCSGS
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.24 | ||
| Q3 25 | $1.06 | $0.73 | ||
| Q2 25 | $1.14 | $0.44 | ||
| Q1 25 | $0.98 | $0.57 | ||
| Q4 24 | $0.83 | $1.20 | ||
| Q3 24 | $1.01 | $0.67 | ||
| Q2 24 | $1.03 | $0.48 |
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 | — | $180.0M |
| 总债务越低越好 | — | $539.5M |
| 股东权益账面价值 | $4.3B | $283.7M |
| 总资产 | $35.7B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | $180.0M | ||
| Q3 25 | — | $158.4M | ||
| Q2 25 | — | $145.9M | ||
| Q1 25 | — | $136.0M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $110.4M |
总债务CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M |
股东权益CBSHCSGS
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $283.7M | ||
| Q3 25 | $3.8B | $289.5M | ||
| Q2 25 | $3.6B | $290.7M | ||
| Q1 25 | $3.5B | $283.1M | ||
| Q4 24 | $3.3B | $282.6M | ||
| Q3 24 | $3.4B | $288.4M | ||
| Q2 24 | $3.1B | $273.3M |
总资产CBSHCSGS
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.5B | ||
| Q3 25 | $32.3B | $1.5B | ||
| Q2 25 | $32.3B | $1.4B | ||
| Q1 25 | $32.4B | $1.4B | ||
| Q4 24 | $32.0B | $1.5B | ||
| Q3 24 | $31.5B | $1.4B | ||
| Q2 24 | $30.6B | $1.4B |
负债/权益比CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× |
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 | — | $59.2M |
| 自由现金流经营现金流 - 资本支出 | — | $55.8M |
| 自由现金流率自由现金流/营收 | — | 17.3% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | — | $141.4M |
8季度趋势，按日历期对齐
经营现金流CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $59.2M | ||
| Q3 25 | $129.0M | $47.9M | ||
| Q2 25 | $111.2M | $37.3M | ||
| Q1 25 | $138.6M | $11.5M | ||
| Q4 24 | $577.9M | $82.5M | ||
| Q3 24 | $431.7M | $39.5M | ||
| Q2 24 | $147.4M | $43.1M |
自由现金流CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $55.8M | ||
| Q3 25 | $113.3M | $43.9M | ||
| Q2 25 | $100.5M | $34.6M | ||
| Q1 25 | $126.0M | $7.1M | ||
| Q4 24 | $531.7M | $76.6M | ||
| Q3 24 | $419.1M | $32.0M | ||
| Q2 24 | $138.9M | $38.8M |
自由现金流率CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 17.3% | ||
| Q3 25 | 25.7% | 14.5% | ||
| Q2 25 | 22.5% | 11.6% | ||
| Q1 25 | 29.4% | 2.4% | ||
| Q4 24 | 126.0% | 24.2% | ||
| Q3 24 | 99.5% | 10.8% | ||
| Q2 24 | 33.5% | 13.4% |
资本支出强度CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.1% | ||
| Q3 25 | 3.6% | 1.3% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 2.9% | 1.5% | ||
| Q4 24 | 10.9% | 1.9% | ||
| Q3 24 | 3.0% | 2.5% | ||
| Q2 24 | 2.1% | 1.5% |
现金转化率CBSHCSGS
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 8.46× | ||
| Q3 25 | 0.91× | 2.34× | ||
| Q2 25 | 0.73× | 3.04× | ||
| Q1 25 | 1.05× | 0.71× | ||
| Q4 24 | 4.25× | 2.39× | ||
| Q3 24 | 3.13× | 2.07× | ||
| Q2 24 | 1.06× | 3.12× |
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
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
