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COMMERCE BANCSHARES INC（CBSH）与FORWARD AIR CORP（FWRD）财务数据对比。点击上方公司名可切换其他公司
FORWARD AIR CORP的季度营收约是COMMERCE BANCSHARES INC的1.3倍（$631.2M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs -4.5%，领先34.3%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% 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。
Forward Air Corp是北美领先的轻资产物流运输服务商，核心业务包括加急零担货运、最后一公里配送、多式联运、仓储及供应链解决方案，服务覆盖美加墨地区，主要服务电商、零售、制造、汽车等行业。
CBSH vs FWRD — 直观对比
营收规模更大
FWRD
是对方的1.3倍
$475.7M
营收增速更快
CBSH
高出11.4%
-0.3%
净利率更高
CBSH
高出34.3%
-4.5%
两年增速更快
FWRD
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $631.2M |
| 净利润 | $141.6M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | — | -0.5% |
| 净利率 | 29.8% | -4.5% |
| 营收同比 | 11.1% | -0.3% |
| 净利润同比 | 10.5% | 22.2% |
| 每股收益（稀释后） | $0.96 | $-0.90 |
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CBSHFWRD
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $631.2M | ||
| Q3 25 | $441.0M | $631.8M | ||
| Q2 25 | $445.8M | $618.8M | ||
| Q1 25 | $428.1M | $613.3M | ||
| Q4 24 | $422.1M | $632.8M | ||
| Q3 24 | $421.4M | $655.9M | ||
| Q2 24 | $414.5M | $643.7M |
净利润CBSHFWRD
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-28.3M | ||
| Q3 25 | $141.5M | $-16.3M | ||
| Q2 25 | $152.5M | $-12.6M | ||
| Q1 25 | $131.6M | $-50.6M | ||
| Q4 24 | $136.1M | $-36.4M | ||
| Q3 24 | $138.0M | $-73.4M | ||
| Q2 24 | $139.6M | $-645.4M |
营业利润率CBSHFWRD
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -0.5% | ||
| Q3 25 | 41.9% | 2.4% | ||
| Q2 25 | 44.0% | 3.2% | ||
| Q1 25 | 39.2% | 0.8% | ||
| Q4 24 | 41.2% | 12.0% | ||
| Q3 24 | 42.4% | 3.5% | ||
| Q2 24 | 43.4% | -170.2% |
净利率CBSHFWRD
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -4.5% | ||
| Q3 25 | 32.1% | -2.6% | ||
| Q2 25 | 34.2% | -2.0% | ||
| Q1 25 | 30.7% | -8.3% | ||
| Q4 24 | 32.2% | -5.8% | ||
| Q3 24 | 32.8% | -11.2% | ||
| Q2 24 | 33.7% | -100.3% |
每股收益（稀释后）CBSHFWRD
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.90 | ||
| Q3 25 | $1.06 | $-0.52 | ||
| Q2 25 | $1.14 | $-0.41 | ||
| Q1 25 | $0.98 | $-1.68 | ||
| Q4 24 | $0.83 | $-1.69 | ||
| Q3 24 | $1.01 | $-2.66 | ||
| Q2 24 | $1.03 | $-23.47 |
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 | — | $106.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $4.3B | $113.3M |
| 总资产 | $35.7B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资CBSHFWRD
| Q1 26 | — | — | ||
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $140.4M | ||
| Q2 25 | — | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | — | $136.6M | ||
| Q2 24 | — | $84.9M |
总债务CBSHFWRD
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CBSHFWRD
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $113.3M | ||
| Q3 25 | $3.8B | $139.8M | ||
| Q2 25 | $3.6B | $151.8M | ||
| Q1 25 | $3.5B | $154.6M | ||
| Q4 24 | $3.3B | $201.7M | ||
| Q3 24 | $3.4B | $226.1M | ||
| Q2 24 | $3.1B | $283.8M |
总资产CBSHFWRD
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.7B | ||
| Q3 25 | $32.3B | $2.8B | ||
| Q2 25 | $32.3B | $2.8B | ||
| Q1 25 | $32.4B | $2.8B | ||
| Q4 24 | $32.0B | $2.8B | ||
| Q3 24 | $31.5B | $3.1B | ||
| Q2 24 | $30.6B | $3.1B |
负债/权益比CBSHFWRD
| Q1 26 | — | — | ||
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
