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COMMERCE BANCSHARES INC（CBSH）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是COMMERCE BANCSHARES INC的1.5倍（$719.4M vs $475.7M），Healthpeak Properties净利率更高（73.2% vs 29.8%，领先43.4%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% 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。
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
CBSH vs DOC — 直观对比
营收规模更大
DOC
是对方的1.5倍
$475.7M
营收增速更快
CBSH
高出8.1%
3.1%
净利率更高
DOC
高出43.4%
29.8%
两年增速更快
DOC
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $719.4M |
| 净利润 | $141.6M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 17.4% |
| 净利率 | 29.8% | 73.2% |
| 营收同比 | 11.1% | 3.1% |
| 净利润同比 | 0.7% | 2406.4% |
| 每股收益（稀释后） | $0.96 | $0.16 |
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CBSHDOC
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $719.4M | ||
| Q3 25 | $441.0M | $705.9M | ||
| Q2 25 | $445.8M | $694.3M | ||
| Q1 25 | $428.1M | $702.9M | ||
| Q4 24 | $422.1M | $698.0M | ||
| Q3 24 | $421.4M | $700.4M | ||
| Q2 24 | $414.5M | $695.5M |
净利润CBSHDOC
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $114.0M | ||
| Q3 25 | $141.5M | $-117.1M | ||
| Q2 25 | $152.5M | $31.7M | ||
| Q1 25 | $131.6M | $42.8M | ||
| Q4 24 | $136.1M | $4.5M | ||
| Q3 24 | $138.0M | $85.9M | ||
| Q2 24 | $139.6M | $146.0M |
毛利率CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 58.6% | ||
| Q2 25 | — | 60.2% | ||
| Q1 25 | — | 61.1% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.6% |
营业利润率CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 17.4% | ||
| Q3 25 | 41.9% | 9.2% | ||
| Q2 25 | 44.0% | 5.7% | ||
| Q1 25 | 39.2% | 7.7% | ||
| Q4 24 | 41.2% | -2.2% | ||
| Q3 24 | 42.4% | 14.1% | ||
| Q2 24 | 43.4% | 22.3% |
净利率CBSHDOC
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 73.2% | ||
| Q3 25 | 32.1% | -16.6% | ||
| Q2 25 | 34.2% | 4.6% | ||
| Q1 25 | 30.7% | 6.1% | ||
| Q4 24 | 32.2% | 0.7% | ||
| Q3 24 | 32.8% | 12.3% | ||
| Q2 24 | 33.7% | 21.0% |
每股收益（稀释后）CBSHDOC
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.16 | ||
| Q3 25 | $1.06 | $-0.17 | ||
| Q2 25 | $1.14 | $0.05 | ||
| Q1 25 | $0.98 | $0.06 | ||
| Q4 24 | $0.83 | $0.02 | ||
| Q3 24 | $1.01 | $0.12 | ||
| Q2 24 | $1.03 | $0.21 |
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 | — | $467.5M |
| 总债务越低越好 | — | $9.8B |
| 股东权益账面价值 | $4.3B | $7.5B |
| 总资产 | $35.7B | $20.3B |
| 负债/权益比越低杠杆越低 | — | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | — | $467.5M | ||
| Q3 25 | — | $91.0M | ||
| Q2 25 | — | $89.4M | ||
| Q1 25 | — | $70.6M | ||
| Q4 24 | — | $119.8M | ||
| Q3 24 | — | $180.4M | ||
| Q2 24 | — | $106.9M |
总债务CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | — | $9.8B | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $8.7B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.6B |
股东权益CBSHDOC
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $7.5B | ||
| Q3 25 | $3.8B | $7.6B | ||
| Q2 25 | $3.6B | $7.9B | ||
| Q1 25 | $3.5B | $8.2B | ||
| Q4 24 | $3.3B | $8.4B | ||
| Q3 24 | $3.4B | $8.6B | ||
| Q2 24 | $3.1B | $8.8B |
总资产CBSHDOC
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $20.3B | ||
| Q3 25 | $32.3B | $19.6B | ||
| Q2 25 | $32.3B | $19.8B | ||
| Q1 25 | $32.4B | $19.8B | ||
| Q4 24 | $32.0B | $19.9B | ||
| Q3 24 | $31.5B | $20.0B | ||
| Q2 24 | $30.6B | $20.2B |
负债/权益比CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.31× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 0.98× |
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 | — | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $357.0M |
| 自由现金流率自由现金流/营收 | — | 49.6% |
| 资本支出强度资本支出/营收 | — | 124.4% |
| 现金转化率经营现金流/净利润 | — | 10.99× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $1.3B | ||
| Q3 25 | $129.0M | $315.0M | ||
| Q2 25 | $111.2M | $363.5M | ||
| Q1 25 | $138.6M | $279.4M | ||
| Q4 24 | $577.9M | $1.1B | ||
| Q3 24 | $431.7M | $318.2M | ||
| Q2 24 | $147.4M | $316.2M |
自由现金流CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $357.0M | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $100.5M | — | ||
| Q1 25 | $126.0M | — | ||
| Q4 24 | $531.7M | $333.7M | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | — |
自由现金流率CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 49.6% | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 126.0% | 47.8% | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | — |
资本支出强度CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 124.4% | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 10.9% | 105.6% | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | — |
现金转化率CBSHDOC
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 10.99× | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | 11.48× | ||
| Q1 25 | 1.05× | 6.52× | ||
| Q4 24 | 4.25× | 235.43× | ||
| Q3 24 | 3.13× | 3.71× | ||
| Q2 24 | 1.06× | 2.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
