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COMMERCE BANCSHARES INC（CBSH）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.8倍（$475.7M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 29.8%，领先117.0%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 6.1%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs 4.3%）
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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
CBSH vs LBRDA — 直观对比
营收规模更大
CBSH
是对方的1.8倍
$261.0M
营收增速更快
CBSH
高出5.0%
6.1%
净利率更高
LBRDA
高出117.0%
29.8%
两年增速更快
CBSH
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $261.0M |
| 净利润 | $141.6M | $383.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 15.7% |
| 净利率 | 29.8% | 146.7% |
| 营收同比 | 11.1% | 6.1% |
| 净利润同比 | 10.5% | 96.4% |
| 每股收益（稀释后） | $0.96 | $2.68 |
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CBSHLBRDA
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | — | ||
| Q3 25 | $441.0M | — | ||
| Q2 25 | $445.8M | $261.0M | ||
| Q1 25 | $428.1M | $266.0M | ||
| Q4 24 | $422.1M | $263.0M | ||
| Q3 24 | $421.4M | $262.0M | ||
| Q2 24 | $414.5M | $246.0M |
净利润CBSHLBRDA
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | — | ||
| Q2 25 | $152.5M | $383.0M | ||
| Q1 25 | $131.6M | $268.0M | ||
| Q4 24 | $136.1M | $291.0M | ||
| Q3 24 | $138.0M | $142.0M | ||
| Q2 24 | $139.6M | $195.0M |
营业利润率CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | — | ||
| Q2 25 | 44.0% | 15.7% | ||
| Q1 25 | 39.2% | 16.2% | ||
| Q4 24 | 41.2% | 4.9% | ||
| Q3 24 | 42.4% | 11.5% | ||
| Q2 24 | 43.4% | 8.5% |
净利率CBSHLBRDA
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | — | ||
| Q2 25 | 34.2% | 146.7% | ||
| Q1 25 | 30.7% | 100.8% | ||
| Q4 24 | 32.2% | 110.6% | ||
| Q3 24 | 32.8% | 54.2% | ||
| Q2 24 | 33.7% | 79.3% |
每股收益（稀释后）CBSHLBRDA
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | — | ||
| Q2 25 | $1.14 | $2.68 | ||
| Q1 25 | $0.98 | $1.87 | ||
| Q4 24 | $0.83 | $2.04 | ||
| Q3 24 | $1.01 | $0.99 | ||
| Q2 24 | $1.03 | $1.36 |
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 | — | $3.1B |
| 股东权益账面价值 | $4.3B | $10.4B |
| 总资产 | $35.7B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $226.0M | ||
| Q4 24 | — | $163.0M | ||
| Q3 24 | — | $168.0M | ||
| Q2 24 | — | $73.0M |
总债务CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.6B |
股东权益CBSHLBRDA
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.6B | $10.4B | ||
| Q1 25 | $3.5B | $10.1B | ||
| Q4 24 | $3.3B | $9.8B | ||
| Q3 24 | $3.4B | $9.5B | ||
| Q2 24 | $3.1B | $9.3B |
总资产CBSHLBRDA
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | — | ||
| Q3 25 | $32.3B | — | ||
| Q2 25 | $32.3B | $16.6B | ||
| Q1 25 | $32.4B | $17.0B | ||
| Q4 24 | $32.0B | $16.7B | ||
| Q3 24 | $31.5B | $16.3B | ||
| Q2 24 | $30.6B | $16.0B |
负债/权益比CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× |
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 | — | $91.0M |
| 自由现金流经营现金流 - 资本支出 | — | $37.0M |
| 自由现金流率自由现金流/营收 | — | 14.2% |
| 资本支出强度资本支出/营收 | — | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | — | $-49.0M |
8季度趋势，按日历期对齐
经营现金流CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | — | ||
| Q2 25 | $111.2M | $91.0M | ||
| Q1 25 | $138.6M | $78.0M | ||
| Q4 24 | $577.9M | $1.0M | ||
| Q3 24 | $431.7M | $24.0M | ||
| Q2 24 | $147.4M | $27.0M |
自由现金流CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $100.5M | $37.0M | ||
| Q1 25 | $126.0M | $13.0M | ||
| Q4 24 | $531.7M | $-63.0M | ||
| Q3 24 | $419.1M | $-36.0M | ||
| Q2 24 | $138.9M | $-35.0M |
自由现金流率CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 22.5% | 14.2% | ||
| Q1 25 | 29.4% | 4.9% | ||
| Q4 24 | 126.0% | -24.0% | ||
| Q3 24 | 99.5% | -13.7% | ||
| Q2 24 | 33.5% | -14.2% |
资本支出强度CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.4% | 20.7% | ||
| Q1 25 | 2.9% | 24.4% | ||
| Q4 24 | 10.9% | 24.3% | ||
| Q3 24 | 3.0% | 22.9% | ||
| Q2 24 | 2.1% | 25.2% |
现金转化率CBSHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | 0.24× | ||
| Q1 25 | 1.05× | 0.29× | ||
| Q4 24 | 4.25× | 0.00× | ||
| Q3 24 | 3.13× | 0.17× | ||
| Q2 24 | 1.06× | 0.14× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
