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COMMERCE BANCSHARES INC（CBSH）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
COMMERCE BANCSHARES INC的季度营收约是迈心诺的1.3倍（$475.7M vs $371.5M），COMMERCE BANCSHARES INC净利率更高（29.8% vs -27.0%，领先56.8%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs -26.4%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
CBSH vs MASI — 直观对比
营收规模更大
CBSH
是对方的1.3倍
$371.5M
营收增速更快
CBSH
高出37.5%
-26.4%
净利率更高
CBSH
高出56.8%
-27.0%
两年增速更快
CBSH
近两年复合增速
-17.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $371.5M |
| 净利润 | $141.6M | $-100.4M |
| 毛利率 | — | 62.1% |
| 营业利润率 | — | 22.5% |
| 净利率 | 29.8% | -27.0% |
| 营收同比 | 11.1% | -26.4% |
| 净利润同比 | 10.5% | -1124.5% |
| 每股收益（稀释后） | $0.96 | $-1.84 |
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CBSHMASI
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | — | ||
| Q3 25 | $441.0M | $371.5M | ||
| Q2 25 | $445.8M | $370.9M | ||
| Q1 25 | $428.1M | $372.0M | ||
| Q4 24 | $422.1M | $600.7M | ||
| Q3 24 | $421.4M | $504.6M | ||
| Q2 24 | $414.5M | $496.3M |
净利润CBSHMASI
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | — | ||
| Q3 25 | $141.5M | $-100.4M | ||
| Q2 25 | $152.5M | $51.3M | ||
| Q1 25 | $131.6M | $-170.7M | ||
| Q4 24 | $136.1M | $-349.6M | ||
| Q3 24 | $138.0M | $9.8M | ||
| Q2 24 | $139.6M | $16.0M |
毛利率CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% |
营业利润率CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | — | ||
| Q3 25 | 41.9% | 22.5% | ||
| Q2 25 | 44.0% | 17.4% | ||
| Q1 25 | 39.2% | 21.0% | ||
| Q4 24 | 41.2% | -59.8% | ||
| Q3 24 | 42.4% | 6.0% | ||
| Q2 24 | 43.4% | 5.7% |
净利率CBSHMASI
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 32.1% | -27.0% | ||
| Q2 25 | 34.2% | 13.8% | ||
| Q1 25 | 30.7% | -45.9% | ||
| Q4 24 | 32.2% | -58.2% | ||
| Q3 24 | 32.8% | 1.9% | ||
| Q2 24 | 33.7% | 3.2% |
每股收益（稀释后）CBSHMASI
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $1.06 | $-1.84 | ||
| Q2 25 | $1.14 | $0.94 | ||
| Q1 25 | $0.98 | $-3.12 | ||
| Q4 24 | $0.83 | $-6.54 | ||
| Q3 24 | $1.01 | $0.18 | ||
| Q2 24 | $1.03 | $0.29 |
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 | — | $312.3M |
| 总债务越低越好 | — | $559.1M |
| 股东权益账面价值 | $4.3B | $810.0M |
| 总资产 | $35.7B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $312.3M | ||
| Q2 25 | — | $149.6M | ||
| Q1 25 | — | $130.8M | ||
| Q4 24 | — | $177.6M | ||
| Q3 24 | — | $158.5M | ||
| Q2 24 | — | $129.6M |
总债务CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M |
股东权益CBSHMASI
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $810.0M | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $3.5B | $946.4M | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.4B | $1.5B | ||
| Q2 24 | $3.1B | $1.4B |
总资产CBSHMASI
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | — | ||
| Q3 25 | $32.3B | $1.8B | ||
| Q2 25 | $32.3B | $2.4B | ||
| Q1 25 | $32.4B | $2.3B | ||
| Q4 24 | $32.0B | $2.6B | ||
| Q3 24 | $31.5B | $3.1B | ||
| Q2 24 | $30.6B | $2.9B |
负债/权益比CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× |
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 | — | $56.8M |
| 自由现金流经营现金流 - 资本支出 | — | $50.9M |
| 自由现金流率自由现金流/营收 | — | 13.7% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $191.0M |
8季度趋势，按日历期对齐
经营现金流CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | — | ||
| Q3 25 | $129.0M | $56.8M | ||
| Q2 25 | $111.2M | $69.4M | ||
| Q1 25 | $138.6M | $31.1M | ||
| Q4 24 | $577.9M | $50.5M | ||
| Q3 24 | $431.7M | $25.6M | ||
| Q2 24 | $147.4M | $74.5M |
自由现金流CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | $50.9M | ||
| Q2 25 | $100.5M | $65.6M | ||
| Q1 25 | $126.0M | $28.5M | ||
| Q4 24 | $531.7M | $46.0M | ||
| Q3 24 | $419.1M | $16.9M | ||
| Q2 24 | $138.9M | $66.9M |
自由现金流率CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | 13.7% | ||
| Q2 25 | 22.5% | 17.7% | ||
| Q1 25 | 29.4% | 7.7% | ||
| Q4 24 | 126.0% | 7.7% | ||
| Q3 24 | 99.5% | 3.3% | ||
| Q2 24 | 33.5% | 13.5% |
资本支出强度CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | 1.6% | ||
| Q2 25 | 2.4% | 1.0% | ||
| Q1 25 | 2.9% | 0.7% | ||
| Q4 24 | 10.9% | 0.7% | ||
| Q3 24 | 3.0% | 1.7% | ||
| Q2 24 | 2.1% | 1.5% |
现金转化率CBSHMASI
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | 1.35× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | 2.61× | ||
| Q2 24 | 1.06× | 4.66× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
