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COMMERCE BANCSHARES INC（CBSH）与SOLAREDGE TECHNOLOGIES, INC.（SEDG）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SOLAREDGE TECHNOLOGIES, INC.的1.4倍（$475.7M vs $335.4M），COMMERCE BANCSHARES INC净利率更高（29.8% vs -39.4%，领先69.2%），SOLAREDGE TECHNOLOGIES, INC.同比增速更快（70.9% vs 11.1%），过去两年SOLAREDGE TECHNOLOGIES, INC.的营收复合增速更高（28.1% vs 7.1%）
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。
SolarEdge Technologies是一家以色列新能源科技企业，核心研发并推出了直流优化逆变器系统，该方案可提升光伏发电的能效表现，助力光伏系统实现更稳定、高效的电力转换，在全球分布式光伏领域拥有广泛的应用场景和市场认可度。
CBSH vs SEDG — 直观对比
营收规模更大
CBSH
是对方的1.4倍
$335.4M
营收增速更快
SEDG
高出59.8%
11.1%
净利率更高
CBSH
高出69.2%
-39.4%
两年增速更快
SEDG
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $335.4M |
| 净利润 | $141.6M | $-132.1M |
| 毛利率 | — | 22.2% |
| 营业利润率 | — | -14.4% |
| 净利率 | 29.8% | -39.4% |
| 营收同比 | 11.1% | 70.9% |
| 净利润同比 | 0.7% | 54.0% |
| 每股收益（稀释后） | $0.96 | $-2.21 |
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CBSHSEDG
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $335.4M | ||
| Q3 25 | $441.0M | $340.2M | ||
| Q2 25 | $445.8M | $289.4M | ||
| Q1 25 | $428.1M | $219.5M | ||
| Q4 24 | $422.1M | $196.2M | ||
| Q3 24 | $421.4M | $235.4M | ||
| Q2 24 | $414.5M | $265.4M |
净利润CBSHSEDG
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $-132.1M | ||
| Q3 25 | $141.5M | $-50.1M | ||
| Q2 25 | $152.5M | $-124.7M | ||
| Q1 25 | $131.6M | $-98.5M | ||
| Q4 24 | $136.1M | $-287.4M | ||
| Q3 24 | $138.0M | $-1.2B | ||
| Q2 24 | $139.6M | $-130.8M |
毛利率CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | -309.1% | ||
| Q2 24 | — | -4.1% |
营业利润率CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | -14.4% | ||
| Q3 25 | 41.9% | -10.3% | ||
| Q2 25 | 44.0% | -39.9% | ||
| Q1 25 | 39.2% | -46.8% | ||
| Q4 24 | 41.2% | -134.4% | ||
| Q3 24 | 42.4% | -471.8% | ||
| Q2 24 | 43.4% | -60.4% |
净利率CBSHSEDG
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | -39.4% | ||
| Q3 25 | 32.1% | -14.7% | ||
| Q2 25 | 34.2% | -43.1% | ||
| Q1 25 | 30.7% | -44.9% | ||
| Q4 24 | 32.2% | -146.5% | ||
| Q3 24 | 32.8% | -522.8% | ||
| Q2 24 | 33.7% | -49.3% |
每股收益（稀释后）CBSHSEDG
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $-2.21 | ||
| Q3 25 | $1.06 | $-0.84 | ||
| Q2 25 | $1.14 | $-2.13 | ||
| Q1 25 | $0.98 | $-1.70 | ||
| Q4 24 | $0.83 | $-5.00 | ||
| Q3 24 | $1.01 | $-21.58 | ||
| Q2 24 | $1.03 | $-2.31 |
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 | — | $493.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $427.5M |
| 总资产 | $35.7B | $2.2B |
| 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CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | — | $493.2M | ||
| Q3 25 | — | $498.6M | ||
| Q2 25 | — | $758.0M | ||
| Q1 25 | — | $651.6M | ||
| Q4 24 | — | $585.9M | ||
| Q3 24 | — | $678.8M | ||
| Q2 24 | — | $689.8M |
股东权益CBSHSEDG
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $427.5M | ||
| Q3 25 | $3.8B | $479.8M | ||
| Q2 25 | $3.6B | $513.2M | ||
| Q1 25 | $3.5B | $594.2M | ||
| Q4 24 | $3.3B | $658.3M | ||
| Q3 24 | $3.4B | $930.9M | ||
| Q2 24 | $3.1B | $2.1B |
总资产CBSHSEDG
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.2B | ||
| Q3 25 | $32.3B | $2.2B | ||
| Q2 25 | $32.3B | $2.5B | ||
| Q1 25 | $32.4B | $2.5B | ||
| Q4 24 | $32.0B | $2.6B | ||
| Q3 24 | $31.5B | $2.8B | ||
| Q2 24 | $30.6B | $3.9B |
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 | — | $52.6M |
| 自由现金流经营现金流 - 资本支出 | — | $43.3M |
| 自由现金流率自由现金流/营收 | — | 12.9% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 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 | — | $80.8M |
8季度趋势，按日历期对齐
经营现金流CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $52.6M | ||
| Q3 25 | $129.0M | $25.6M | ||
| Q2 25 | $111.2M | $-7.8M | ||
| Q1 25 | $138.6M | $33.8M | ||
| Q4 24 | $577.9M | $37.8M | ||
| Q3 24 | $431.7M | $-89.3M | ||
| Q2 24 | $147.4M | $-44.8M |
自由现金流CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $43.3M | ||
| Q3 25 | $113.3M | $22.8M | ||
| Q2 25 | $100.5M | $-9.1M | ||
| Q1 25 | $126.0M | $23.7M | ||
| Q4 24 | $531.7M | $25.5M | ||
| Q3 24 | $419.1M | $-136.7M | ||
| Q2 24 | $138.9M | $-67.0M |
自由现金流率CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 12.9% | ||
| Q3 25 | 25.7% | 6.7% | ||
| Q2 25 | 22.5% | -3.1% | ||
| Q1 25 | 29.4% | 10.8% | ||
| Q4 24 | 126.0% | 13.0% | ||
| Q3 24 | 99.5% | -58.1% | ||
| Q2 24 | 33.5% | -25.2% |
资本支出强度CBSHSEDG
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.8% | ||
| Q3 25 | 3.6% | 0.8% | ||
| Q2 25 | 2.4% | 0.4% | ||
| Q1 25 | 2.9% | 4.6% | ||
| Q4 24 | 10.9% | 6.2% | ||
| Q3 24 | 3.0% | 20.1% | ||
| Q2 24 | 2.1% | 8.4% |
现金转化率CBSHSEDG
| 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× | — |
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
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
