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COMMERCE BANCSHARES INC（CBSH）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是COMMERCE BANCSHARES INC的1.6倍（$766.5M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 2.2%，领先27.6%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 2.5%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
CBSH vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.6倍
$475.7M
营收增速更快
CBSH
高出8.6%
2.5%
净利率更高
CBSH
高出27.6%
2.2%
两年增速更快
CBSH
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $766.5M |
| 净利润 | $141.6M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | 29.8% | 2.2% |
| 营收同比 | 11.1% | 2.5% |
| 净利润同比 | 10.5% | -3.3% |
| 每股收益（稀释后） | $0.96 | $0.75 |
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CBSHSCSC
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $766.5M | ||
| Q3 25 | $441.0M | $739.6M | ||
| Q2 25 | $445.8M | $812.9M | ||
| Q1 25 | $428.1M | $704.8M | ||
| Q4 24 | $422.1M | $747.5M | ||
| Q3 24 | $421.4M | $775.6M | ||
| Q2 24 | $414.5M | $746.1M |
净利润CBSHSCSC
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $16.5M | ||
| Q3 25 | $141.5M | $19.9M | ||
| Q2 25 | $152.5M | $20.1M | ||
| Q1 25 | $131.6M | $17.4M | ||
| Q4 24 | $136.1M | $17.1M | ||
| Q3 24 | $138.0M | $17.0M | ||
| Q2 24 | $139.6M | $16.1M |
毛利率CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% |
营业利润率CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 2.3% | ||
| Q3 25 | 41.9% | 3.5% | ||
| Q2 25 | 44.0% | 3.3% | ||
| Q1 25 | 39.2% | 3.2% | ||
| Q4 24 | 41.2% | 2.5% | ||
| Q3 24 | 42.4% | 2.3% | ||
| Q2 24 | 43.4% | 2.9% |
净利率CBSHSCSC
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 2.2% | ||
| Q3 25 | 32.1% | 2.7% | ||
| Q2 25 | 34.2% | 2.5% | ||
| Q1 25 | 30.7% | 2.5% | ||
| Q4 24 | 32.2% | 2.3% | ||
| Q3 24 | 32.8% | 2.2% | ||
| Q2 24 | 33.7% | 2.2% |
每股收益（稀释后）CBSHSCSC
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.75 | ||
| Q3 25 | $1.06 | $0.89 | ||
| Q2 25 | $1.14 | $0.87 | ||
| Q1 25 | $0.98 | $0.74 | ||
| Q4 24 | $0.83 | $0.70 | ||
| Q3 24 | $1.01 | $0.69 | ||
| Q2 24 | $1.03 | $0.66 |
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 | — | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $910.9M |
| 总资产 | $35.7B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | $83.5M | ||
| Q3 25 | — | $124.9M | ||
| Q2 25 | — | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M |
股东权益CBSHSCSC
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $910.9M | ||
| Q3 25 | $3.8B | $914.0M | ||
| Q2 25 | $3.6B | $906.4M | ||
| Q1 25 | $3.5B | $901.7M | ||
| Q4 24 | $3.3B | $900.7M | ||
| Q3 24 | $3.4B | $920.9M | ||
| Q2 24 | $3.1B | $924.3M |
总资产CBSHSCSC
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $1.7B | ||
| Q3 25 | $32.3B | $1.7B | ||
| Q2 25 | $32.3B | $1.8B | ||
| Q1 25 | $32.4B | $1.7B | ||
| Q4 24 | $32.0B | $1.7B | ||
| Q3 24 | $31.5B | $1.8B | ||
| Q2 24 | $30.6B | $1.8B |
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 | — | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 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CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $30.8M | ||
| Q3 25 | $129.0M | $23.2M | ||
| Q2 25 | $111.2M | — | ||
| Q1 25 | $138.6M | $66.1M | ||
| Q4 24 | $577.9M | $-6.2M | ||
| Q3 24 | $431.7M | $44.8M | ||
| Q2 24 | $147.4M | — |
自由现金流CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $28.9M | ||
| Q3 25 | $113.3M | $20.8M | ||
| Q2 25 | $100.5M | — | ||
| Q1 25 | $126.0M | $64.6M | ||
| Q4 24 | $531.7M | $-8.2M | ||
| Q3 24 | $419.1M | $42.5M | ||
| Q2 24 | $138.9M | — |
自由现金流率CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 3.8% | ||
| Q3 25 | 25.7% | 2.8% | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 29.4% | 9.2% | ||
| Q4 24 | 126.0% | -1.1% | ||
| Q3 24 | 99.5% | 5.5% | ||
| Q2 24 | 33.5% | — |
资本支出强度CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.3% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 2.4% | 0.3% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 10.9% | 0.3% | ||
| Q3 24 | 3.0% | 0.3% | ||
| Q2 24 | 2.1% | 0.2% |
现金转化率CBSHSCSC
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 1.87× | ||
| Q3 25 | 0.91× | 1.17× | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 1.05× | 3.79× | ||
| Q4 24 | 4.25× | -0.36× | ||
| Q3 24 | 3.13× | 2.64× | ||
| Q2 24 | 1.06× | — |
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
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
