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COMMERCE BANCSHARES INC（CBSH）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是COMMERCE BANCSHARES INC的1.3倍（$613.5M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 13.2%，领先16.5%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs 8.6%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
CBSH vs TYL — 直观对比
营收规模更大
TYL
是对方的1.3倍
$475.7M
营收增速更快
CBSH
高出2.6%
8.6%
净利率更高
CBSH
高出16.5%
13.2%
两年增速更快
CBSH
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $475.7M | $613.5M |
| 净利润 | $141.6M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | — | 16.3% |
| 净利率 | 29.8% | 13.2% |
| 营收同比 | 11.1% | 8.6% |
| 净利润同比 | 10.5% | — |
| 每股收益（稀释后） | $0.96 | $1.88 |
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CBSHTYL
| Q1 26 | $475.7M | $613.5M | ||
| Q4 25 | $449.4M | $575.2M | ||
| Q3 25 | $441.0M | $595.9M | ||
| Q2 25 | $445.8M | $596.1M | ||
| Q1 25 | $428.1M | $565.2M | ||
| Q4 24 | $422.1M | $541.1M | ||
| Q3 24 | $421.4M | $543.3M | ||
| Q2 24 | $414.5M | $541.0M |
净利润CBSHTYL
| Q1 26 | $141.6M | $81.2M | ||
| Q4 25 | $140.7M | $65.5M | ||
| Q3 25 | $141.5M | $84.4M | ||
| Q2 25 | $152.5M | $84.6M | ||
| Q1 25 | $131.6M | $81.1M | ||
| Q4 24 | $136.1M | $65.2M | ||
| Q3 24 | $138.0M | $75.9M | ||
| Q2 24 | $139.6M | $67.7M |
毛利率CBSHTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% |
营业利润率CBSHTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 40.8% | 13.0% | ||
| Q3 25 | 41.9% | 16.4% | ||
| Q2 25 | 44.0% | 16.0% | ||
| Q1 25 | 39.2% | 15.8% | ||
| Q4 24 | 41.2% | 13.2% | ||
| Q3 24 | 42.4% | 15.2% | ||
| Q2 24 | 43.4% | 14.4% |
净利率CBSHTYL
| Q1 26 | 29.8% | 13.2% | ||
| Q4 25 | 31.3% | 11.4% | ||
| Q3 25 | 32.1% | 14.2% | ||
| Q2 25 | 34.2% | 14.2% | ||
| Q1 25 | 30.7% | 14.3% | ||
| Q4 24 | 32.2% | 12.1% | ||
| Q3 24 | 32.8% | 14.0% | ||
| Q2 24 | 33.7% | 12.5% |
每股收益（稀释后）CBSHTYL
| Q1 26 | $0.96 | $1.88 | ||
| Q4 25 | $0.86 | $1.50 | ||
| Q3 25 | $1.06 | $1.93 | ||
| Q2 25 | $1.14 | $1.93 | ||
| Q1 25 | $0.98 | $1.84 | ||
| Q4 24 | $0.83 | $1.48 | ||
| Q3 24 | $1.01 | $1.74 | ||
| Q2 24 | $1.03 | $1.57 |
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 | — | $346.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $3.6B |
| 总资产 | $35.7B | $4.8B |
| 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CBSHTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $950.8M | ||
| Q2 25 | — | $892.3M | ||
| Q1 25 | — | $807.4M | ||
| Q4 24 | — | $768.0M | ||
| Q3 24 | — | $544.3M | ||
| Q2 24 | — | $258.0M |
总债务CBSHTYL
| Q1 26 | — | — | ||
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M |
股东权益CBSHTYL
| Q1 26 | $4.3B | $3.6B | ||
| Q4 25 | $3.8B | $3.7B | ||
| Q3 25 | $3.8B | $3.6B | ||
| Q2 25 | $3.6B | $3.6B | ||
| Q1 25 | $3.5B | $3.5B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.4B | $3.3B | ||
| Q2 24 | $3.1B | $3.1B |
总资产CBSHTYL
| Q1 26 | $35.7B | $4.8B | ||
| Q4 25 | $32.9B | $5.6B | ||
| Q3 25 | $32.3B | $5.5B | ||
| Q2 25 | $32.3B | $5.4B | ||
| Q1 25 | $32.4B | $5.2B | ||
| Q4 24 | $32.0B | $5.2B | ||
| Q3 24 | $31.5B | $5.0B | ||
| Q2 24 | $30.6B | $4.8B |
负债/权益比CBSHTYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× |
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 | — | $107.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 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 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流CBSHTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $645.1M | $243.9M | ||
| Q3 25 | $129.0M | $255.2M | ||
| Q2 25 | $111.2M | $98.3M | ||
| Q1 25 | $138.6M | $56.2M | ||
| Q4 24 | $577.9M | $224.8M | ||
| Q3 24 | $431.7M | $263.7M | ||
| Q2 24 | $147.4M | $64.3M |
自由现金流CBSHTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $592.4M | $239.6M | ||
| Q3 25 | $113.3M | $251.3M | ||
| Q2 25 | $100.5M | $92.8M | ||
| Q1 25 | $126.0M | $53.8M | ||
| Q4 24 | $531.7M | $221.0M | ||
| Q3 24 | $419.1M | $260.8M | ||
| Q2 24 | $138.9M | $57.7M |
自由现金流率CBSHTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 131.8% | 41.7% | ||
| Q3 25 | 25.7% | 42.2% | ||
| Q2 25 | 22.5% | 15.6% | ||
| Q1 25 | 29.4% | 9.5% | ||
| Q4 24 | 126.0% | 40.8% | ||
| Q3 24 | 99.5% | 48.0% | ||
| Q2 24 | 33.5% | 10.7% |
资本支出强度CBSHTYL
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.8% | ||
| Q3 25 | 3.6% | 0.7% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 10.9% | 0.7% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 2.1% | 1.2% |
现金转化率CBSHTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 4.59× | 3.72× | ||
| Q3 25 | 0.91× | 3.02× | ||
| Q2 25 | 0.73× | 1.16× | ||
| Q1 25 | 1.05× | 0.69× | ||
| Q4 24 | 4.25× | 3.45× | ||
| Q3 24 | 3.13× | 3.47× | ||
| Q2 24 | 1.06× | 0.95× |
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
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
