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COMMERCE BANCSHARES INC（CBSH）与Forestar Group Inc.（FOR）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Forestar Group Inc.的1.7倍（$475.7M vs $273.0M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 5.6%，领先24.1%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 9.0%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
CBSH vs FOR — 直观对比
营收规模更大
CBSH
是对方的1.7倍
$273.0M
营收增速更快
CBSH
高出2.1%
9.0%
净利率更高
CBSH
高出24.1%
5.6%
两年增速更快
CBSH
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $273.0M |
| 净利润 | $141.6M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | — | 7.6% |
| 净利率 | 29.8% | 5.6% |
| 营收同比 | 11.1% | 9.0% |
| 净利润同比 | 10.5% | -6.7% |
| 每股收益（稀释后） | $0.96 | $0.30 |
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CBSHFOR
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $273.0M | ||
| Q3 25 | $441.0M | $670.5M | ||
| Q2 25 | $445.8M | $390.5M | ||
| Q1 25 | $428.1M | $351.0M | ||
| Q4 24 | $422.1M | $250.4M | ||
| Q3 24 | $421.4M | $551.3M | ||
| Q2 24 | $414.5M | $318.4M |
净利润CBSHFOR
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $15.4M | ||
| Q3 25 | $141.5M | $86.9M | ||
| Q2 25 | $152.5M | $32.9M | ||
| Q1 25 | $131.6M | $31.6M | ||
| Q4 24 | $136.1M | $16.5M | ||
| Q3 24 | $138.0M | $81.5M | ||
| Q2 24 | $139.6M | $38.7M |
毛利率CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% |
营业利润率CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 7.6% | ||
| Q3 25 | 41.9% | 16.9% | ||
| Q2 25 | 44.0% | 11.2% | ||
| Q1 25 | 39.2% | 11.6% | ||
| Q4 24 | 41.2% | 8.7% | ||
| Q3 24 | 42.4% | 19.7% | ||
| Q2 24 | 43.4% | 16.2% |
净利率CBSHFOR
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 5.6% | ||
| Q3 25 | 32.1% | 13.0% | ||
| Q2 25 | 34.2% | 8.4% | ||
| Q1 25 | 30.7% | 9.0% | ||
| Q4 24 | 32.2% | 6.6% | ||
| Q3 24 | 32.8% | 14.8% | ||
| Q2 24 | 33.7% | 12.2% |
每股收益（稀释后）CBSHFOR
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.30 | ||
| Q3 25 | $1.06 | $1.70 | ||
| Q2 25 | $1.14 | $0.65 | ||
| Q1 25 | $0.98 | $0.62 | ||
| Q4 24 | $0.83 | $0.32 | ||
| Q3 24 | $1.01 | $1.59 | ||
| Q2 24 | $1.03 | $0.76 |
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 | — | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $4.3B | $1.8B |
| 总资产 | $35.7B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | — | $211.7M | ||
| Q3 25 | — | $379.2M | ||
| Q2 25 | — | $189.2M | ||
| Q1 25 | — | $174.3M | ||
| Q4 24 | — | $132.0M | ||
| Q3 24 | — | $481.2M | ||
| Q2 24 | — | $359.2M |
总债务CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M |
股东权益CBSHFOR
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.8B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.6B | $1.7B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.3B | $1.6B | ||
| Q3 24 | $3.4B | $1.6B | ||
| Q2 24 | $3.1B | $1.5B |
总资产CBSHFOR
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $3.2B | ||
| Q3 25 | $32.3B | $3.1B | ||
| Q2 25 | $32.3B | $3.1B | ||
| Q1 25 | $32.4B | $3.0B | ||
| Q4 24 | $32.0B | $3.0B | ||
| Q3 24 | $31.5B | $2.8B | ||
| Q2 24 | $30.6B | $2.7B |
负债/权益比CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× |
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 | — | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-157.1M |
| 自由现金流率自由现金流/营收 | — | -57.5% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.0M |
8季度趋势，按日历期对齐
经营现金流CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $-157.0M | ||
| Q3 25 | $129.0M | $256.3M | ||
| Q2 25 | $111.2M | $15.8M | ||
| Q1 25 | $138.6M | $-19.8M | ||
| Q4 24 | $577.9M | $-450.0M | ||
| Q3 24 | $431.7M | $119.2M | ||
| Q2 24 | $147.4M | $-61.7M |
自由现金流CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $-157.1M | ||
| Q3 25 | $113.3M | $255.6M | ||
| Q2 25 | $100.5M | $15.0M | ||
| Q1 25 | $126.0M | $-20.5M | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | $118.4M | ||
| Q2 24 | $138.9M | $-62.3M |
自由现金流率CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | -57.5% | ||
| Q3 25 | 25.7% | 38.1% | ||
| Q2 25 | 22.5% | 3.8% | ||
| Q1 25 | 29.4% | -5.8% | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | 21.5% | ||
| Q2 24 | 33.5% | -19.6% |
资本支出强度CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.0% | ||
| Q3 25 | 3.6% | 0.1% | ||
| Q2 25 | 2.4% | 0.2% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 3.0% | 0.1% | ||
| Q2 24 | 2.1% | 0.2% |
现金转化率CBSHFOR
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | -10.19× | ||
| Q3 25 | 0.91× | 2.95× | ||
| Q2 25 | 0.73× | 0.48× | ||
| Q1 25 | 1.05× | -0.63× | ||
| Q4 24 | 4.25× | -27.27× | ||
| Q3 24 | 3.13× | 1.46× | ||
| Q2 24 | 1.06× | -1.59× |
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
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
