vs
COMMERCE BANCSHARES INC（CBSH）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是COMMERCE BANCSHARES INC的1.6倍（$755.6M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 11.6%，领先18.2%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 11.1%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
CBSH vs STRL — 直观对比
营收规模更大
STRL
是对方的1.6倍
$475.7M
营收增速更快
STRL
高出40.3%
11.1%
净利率更高
CBSH
高出18.2%
11.6%
两年增速更快
STRL
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $755.6M |
| 净利润 | $141.6M | $87.6M |
| 毛利率 | — | 21.7% |
| 营业利润率 | — | 15.9% |
| 净利率 | 29.8% | 11.6% |
| 营收同比 | 11.1% | 51.5% |
| 净利润同比 | 0.7% | -22.6% |
| 每股收益（稀释后） | $0.96 | $2.82 |
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CBSHSTRL
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $755.6M | ||
| Q3 25 | $441.0M | $689.0M | ||
| Q2 25 | $445.8M | $614.5M | ||
| Q1 25 | $428.1M | $430.9M | ||
| Q4 24 | $422.1M | $498.8M | ||
| Q3 24 | $421.4M | $593.7M | ||
| Q2 24 | $414.5M | $582.8M |
净利润CBSHSTRL
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $87.6M | ||
| Q3 25 | $141.5M | $92.1M | ||
| Q2 25 | $152.5M | $71.0M | ||
| Q1 25 | $131.6M | $39.5M | ||
| Q4 24 | $136.1M | $113.2M | ||
| Q3 24 | $138.0M | $61.3M | ||
| Q2 24 | $139.6M | $51.9M |
毛利率CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% |
营业利润率CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 15.9% | ||
| Q3 25 | 41.9% | 18.2% | ||
| Q2 25 | 44.0% | 17.0% | ||
| Q1 25 | 39.2% | 13.0% | ||
| Q4 24 | 41.2% | 12.5% | ||
| Q3 24 | 42.4% | 14.7% | ||
| Q2 24 | 43.4% | 12.5% |
净利率CBSHSTRL
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 11.6% | ||
| Q3 25 | 32.1% | 13.4% | ||
| Q2 25 | 34.2% | 11.6% | ||
| Q1 25 | 30.7% | 9.2% | ||
| Q4 24 | 32.2% | 22.7% | ||
| Q3 24 | 32.8% | 10.3% | ||
| Q2 24 | 33.7% | 8.9% |
每股收益（稀释后）CBSHSTRL
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $2.82 | ||
| Q3 25 | $1.06 | $2.97 | ||
| Q2 25 | $1.14 | $2.31 | ||
| Q1 25 | $0.98 | $1.28 | ||
| Q4 24 | $0.83 | $3.63 | ||
| Q3 24 | $1.01 | $1.97 | ||
| Q2 24 | $1.03 | $1.67 |
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 | — | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $1.1B |
| 总资产 | $35.7B | $2.6B |
| 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CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | — | $390.7M | ||
| Q3 25 | — | $306.4M | ||
| Q2 25 | — | $699.4M | ||
| Q1 25 | — | $638.6M | ||
| Q4 24 | — | $664.2M | ||
| Q3 24 | — | $648.1M | ||
| Q2 24 | — | $540.0M |
股东权益CBSHSTRL
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $881.7M | ||
| Q1 25 | $3.5B | $805.4M | ||
| Q4 24 | $3.3B | $808.1M | ||
| Q3 24 | $3.4B | $716.5M | ||
| Q2 24 | $3.1B | $670.7M |
总资产CBSHSTRL
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $2.6B | ||
| Q3 25 | $32.3B | $2.6B | ||
| Q2 25 | $32.3B | $2.2B | ||
| Q1 25 | $32.4B | $2.0B | ||
| Q4 24 | $32.0B | $2.0B | ||
| Q3 24 | $31.5B | $2.0B | ||
| Q2 24 | $30.6B | $2.0B |
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 | — | $186.1M |
| 自由现金流经营现金流 - 资本支出 | — | $159.7M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $186.1M | ||
| Q3 25 | $129.0M | $83.6M | ||
| Q2 25 | $111.2M | $85.4M | ||
| Q1 25 | $138.6M | $84.9M | ||
| Q4 24 | $577.9M | $174.3M | ||
| Q3 24 | $431.7M | $152.3M | ||
| Q2 24 | $147.4M | $121.0M |
自由现金流CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $159.7M | ||
| Q3 25 | $113.3M | $64.0M | ||
| Q2 25 | $100.5M | $72.1M | ||
| Q1 25 | $126.0M | $67.0M | ||
| Q4 24 | $531.7M | $158.6M | ||
| Q3 24 | $419.1M | $138.3M | ||
| Q2 24 | $138.9M | $92.1M |
自由现金流率CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 21.1% | ||
| Q3 25 | 25.7% | 9.3% | ||
| Q2 25 | 22.5% | 11.7% | ||
| Q1 25 | 29.4% | 15.5% | ||
| Q4 24 | 126.0% | 31.8% | ||
| Q3 24 | 99.5% | 23.3% | ||
| Q2 24 | 33.5% | 15.8% |
资本支出强度CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 3.5% | ||
| Q3 25 | 3.6% | 2.9% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | 2.9% | 4.2% | ||
| Q4 24 | 10.9% | 3.1% | ||
| Q3 24 | 3.0% | 2.4% | ||
| Q2 24 | 2.1% | 5.0% |
现金转化率CBSHSTRL
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 2.12× | ||
| Q3 25 | 0.91× | 0.91× | ||
| Q2 25 | 0.73× | 1.20× | ||
| Q1 25 | 1.05× | 2.15× | ||
| Q4 24 | 4.25× | 1.54× | ||
| Q3 24 | 3.13× | 2.48× | ||
| Q2 24 | 1.06× | 2.33× |
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
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
