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COMMERCE BANCSHARES INC（CBSH）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是COMMERCE BANCSHARES INC的1.8倍（$862.2M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 7.1%，领先22.7%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 4.3%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
CBSH vs MAT — 直观对比
营收规模更大
MAT
是对方的1.8倍
$475.7M
营收增速更快
CBSH
高出6.8%
4.3%
净利率更高
CBSH
高出22.7%
7.1%
两年增速更快
CBSH
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $862.2M |
| 净利润 | $141.6M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | — | — |
| 净利率 | 29.8% | 7.1% |
| 营收同比 | 11.1% | 4.3% |
| 净利润同比 | 10.5% | 251.4% |
| 每股收益（稀释后） | $0.96 | $0.20 |
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CBSHMAT
| Q1 26 | $475.7M | $862.2M | ||
| Q4 25 | $449.4M | $1.8B | ||
| Q3 25 | $441.0M | $1.7B | ||
| Q2 25 | $445.8M | $1.0B | ||
| Q1 25 | $428.1M | $826.6M | ||
| Q4 24 | $422.1M | $1.6B | ||
| Q3 24 | $421.4M | $1.8B | ||
| Q2 24 | $414.5M | $1.1B |
净利润CBSHMAT
| Q1 26 | $141.6M | $61.0M | ||
| Q4 25 | $140.7M | $106.2M | ||
| Q3 25 | $141.5M | $278.4M | ||
| Q2 25 | $152.5M | $53.4M | ||
| Q1 25 | $131.6M | $-40.3M | ||
| Q4 24 | $136.1M | $140.9M | ||
| Q3 24 | $138.0M | $372.4M | ||
| Q2 24 | $139.6M | $56.9M |
毛利率CBSHMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率CBSHMAT
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 8.0% | ||
| Q3 25 | 41.9% | 21.9% | ||
| Q2 25 | 44.0% | 7.7% | ||
| Q1 25 | 39.2% | -6.4% | ||
| Q4 24 | 41.2% | 9.6% | ||
| Q3 24 | 42.4% | 26.5% | ||
| Q2 24 | 43.4% | 7.7% |
净利率CBSHMAT
| Q1 26 | 29.8% | 7.1% | ||
| Q4 25 | 31.3% | 6.0% | ||
| Q3 25 | 32.1% | 16.0% | ||
| Q2 25 | 34.2% | 5.2% | ||
| Q1 25 | 30.7% | -4.9% | ||
| Q4 24 | 32.2% | 8.6% | ||
| Q3 24 | 32.8% | 20.2% | ||
| Q2 24 | 33.7% | 5.3% |
每股收益（稀释后）CBSHMAT
| Q1 26 | $0.96 | $0.20 | ||
| Q4 25 | $0.86 | $0.32 | ||
| Q3 25 | $1.06 | $0.88 | ||
| Q2 25 | $1.14 | $0.16 | ||
| Q1 25 | $0.98 | $-0.12 | ||
| Q4 24 | $0.83 | $0.40 | ||
| Q3 24 | $1.01 | $1.09 | ||
| Q2 24 | $1.03 | $0.17 |
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 | — | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $4.3B | $2.1B |
| 总资产 | $35.7B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资CBSHMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务CBSHMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益CBSHMAT
| Q1 26 | $4.3B | $2.1B | ||
| Q4 25 | $3.8B | $2.2B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $3.5B | $2.1B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.4B | $2.3B | ||
| Q2 24 | $3.1B | $2.0B |
总资产CBSHMAT
| Q1 26 | $35.7B | $6.3B | ||
| Q4 25 | $32.9B | $6.6B | ||
| Q3 25 | $32.3B | $6.6B | ||
| Q2 25 | $32.3B | $6.2B | ||
| Q1 25 | $32.4B | $6.2B | ||
| Q4 24 | $32.0B | $6.5B | ||
| Q3 24 | $31.5B | $6.5B | ||
| Q2 24 | $30.6B | $5.9B |
负债/权益比CBSHMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-88.1M |
| 自由现金流率自由现金流/营收 | — | -10.2% |
| 资本支出强度资本支出/营收 | — | 7.6% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CBSHMAT
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $796.6M | ||
| Q3 25 | $129.0M | $72.0M | ||
| Q2 25 | $111.2M | $-300.1M | ||
| Q1 25 | $138.6M | $24.8M | ||
| Q4 24 | $577.9M | $862.1M | ||
| Q3 24 | $431.7M | $155.8M | ||
| Q2 24 | $147.4M | $-252.9M |
自由现金流CBSHMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $592.4M | — | ||
| Q3 25 | $113.3M | — | ||
| Q2 25 | $100.5M | — | ||
| Q1 25 | $126.0M | — | ||
| Q4 24 | $531.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $138.9M | — |
自由现金流率CBSHMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 131.8% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 126.0% | — | ||
| Q3 24 | 99.5% | — | ||
| Q2 24 | 33.5% | — |
资本支出强度CBSHMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.1% | — |
现金转化率CBSHMAT
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 7.50× | ||
| Q3 25 | 0.91× | 0.26× | ||
| Q2 25 | 0.73× | -5.62× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | 6.12× | ||
| Q3 24 | 3.13× | 0.42× | ||
| Q2 24 | 1.06× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
