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COMMERCE BANCSHARES INC（CBSH）与RAYONIER ADVANCED MATERIALS INC.（RYAM）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RAYONIER ADVANCED MATERIALS INC.的1.1倍（$475.7M vs $417.5M），COMMERCE BANCSHARES INC净利率更高（29.8% vs -5.0%，领先34.8%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs -1.2%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs 3.8%）
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。
RYAM（原雷尼尔先进材料公司）是一家美国全球性纤维素技术企业，主打高纯度特种纤维素产品，所生产的天然聚合物广泛应用于过滤器生产、食品加工、医药制造及各类工业领域，同时也为造纸和包装行业供应相关产品，在纤维素技术领域拥有较高的行业认可度。
CBSH vs RYAM — 直观对比
营收规模更大
CBSH
是对方的1.1倍
$417.5M
营收增速更快
CBSH
高出12.3%
-1.2%
净利率更高
CBSH
高出34.8%
-5.0%
两年增速更快
CBSH
近两年复合增速
3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $417.5M |
| 净利润 | $141.6M | $-21.1M |
| 毛利率 | — | 8.9% |
| 营业利润率 | — | 2.6% |
| 净利率 | 29.8% | -5.0% |
| 营收同比 | 11.1% | -1.2% |
| 净利润同比 | 10.5% | -31.9% |
| 每股收益（稀释后） | $0.96 | $-0.33 |
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CBSHRYAM
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $417.5M | ||
| Q3 25 | $441.0M | $352.8M | ||
| Q2 25 | $445.8M | $340.0M | ||
| Q1 25 | $428.1M | $356.0M | ||
| Q4 24 | $422.1M | $422.5M | ||
| Q3 24 | $421.4M | $401.1M | ||
| Q2 24 | $414.5M | $419.0M |
净利润CBSHRYAM
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-21.1M | ||
| Q3 25 | $141.5M | $-4.5M | ||
| Q2 25 | $152.5M | $-363.2M | ||
| Q1 25 | $131.6M | $-32.0M | ||
| Q4 24 | $136.1M | $-16.0M | ||
| Q3 24 | $138.0M | $-32.6M | ||
| Q2 24 | $139.6M | $11.4M |
毛利率CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | 11.5% |
营业利润率CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 2.6% | ||
| Q3 25 | 41.9% | 2.8% | ||
| Q2 25 | 44.0% | -0.4% | ||
| Q1 25 | 39.2% | -4.2% | ||
| Q4 24 | 41.2% | 2.6% | ||
| Q3 24 | 42.4% | -4.2% | ||
| Q2 24 | 43.4% | 6.7% |
净利率CBSHRYAM
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -5.0% | ||
| Q3 25 | 32.1% | -1.3% | ||
| Q2 25 | 34.2% | -106.8% | ||
| Q1 25 | 30.7% | -9.0% | ||
| Q4 24 | 32.2% | -3.8% | ||
| Q3 24 | 32.8% | -8.1% | ||
| Q2 24 | 33.7% | 2.7% |
每股收益（稀释后）CBSHRYAM
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-0.33 | ||
| Q3 25 | $1.06 | $-0.07 | ||
| Q2 25 | $1.14 | $-5.44 | ||
| Q1 25 | $0.98 | $-0.49 | ||
| Q4 24 | $0.83 | $-0.25 | ||
| Q3 24 | $1.01 | $-0.49 | ||
| 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 | — | $75.4M |
| 总债务越低越好 | — | $758.1M |
| 股东权益账面价值 | $4.3B | $316.6M |
| 总资产 | $35.7B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 2.39× |
8季度趋势，按日历期对齐
现金及短期投资CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | — | $75.4M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $70.7M | ||
| Q1 25 | — | $129.9M | ||
| Q4 24 | — | $125.2M | ||
| Q3 24 | — | $136.1M | ||
| Q2 24 | — | $114.1M |
总债务CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | — | $758.1M | ||
| Q3 25 | — | $763.5M | ||
| Q2 25 | — | $720.4M | ||
| Q1 25 | — | $707.0M | ||
| Q4 24 | — | $706.4M | ||
| Q3 24 | — | $747.7M | ||
| Q2 24 | — | $752.8M |
股东权益CBSHRYAM
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $316.6M | ||
| Q3 25 | $3.8B | $338.2M | ||
| Q2 25 | $3.6B | $342.3M | ||
| Q1 25 | $3.5B | $688.1M | ||
| Q4 24 | $3.3B | $713.9M | ||
| Q3 24 | $3.4B | $732.7M | ||
| Q2 24 | $3.1B | $755.1M |
总资产CBSHRYAM
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.8B | ||
| Q3 25 | $32.3B | $1.8B | ||
| Q2 25 | $32.3B | $1.8B | ||
| Q1 25 | $32.4B | $2.1B | ||
| Q4 24 | $32.0B | $2.1B | ||
| Q3 24 | $31.5B | $2.2B | ||
| Q2 24 | $30.6B | $2.2B |
负债/权益比CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.39× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.00× |
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 | — | $32.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $32.3M | ||
| Q3 25 | $129.0M | $-17.8M | ||
| Q2 25 | $111.2M | $-30.2M | ||
| Q1 25 | $138.6M | $39.6M | ||
| Q4 24 | $577.9M | $54.9M | ||
| Q3 24 | $431.7M | $49.8M | ||
| Q2 24 | $147.4M | $87.6M |
自由现金流CBSHRYAM
| Q1 26 | — | — | ||
| 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CBSHRYAM
| Q1 26 | — | — | ||
| 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CBSHRYAM
| Q1 26 | — | — | ||
| 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CBSHRYAM
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 4.25× | — | ||
| Q3 24 | 3.13× | — | ||
| Q2 24 | 1.06× | 7.69× |
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
RYAM
| Cellulose Specialties | $249.6M | 60% |
| Other | $86.2M | 21% |
| Paperboard | $44.2M | 11% |
| High Yield Pulp | $28.3M | 7% |
| Biomaterials | $9.2M | 2% |
