Saturday 17 October 2026
Export CBSH’s income statement to Excel — free account
Commerce Bancshares, Inc.
CBSH Financial Banks Regional
Commerce Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 2.23% from fiscal 2024. In the quarter to June 2026, revenue grew 12.3%, EPS fell 3.51%, free cash flow grew 68.3% and total debt rose 74.7%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five; insiders bought in the last twelve months.
55.69
0.13
+0.23%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
23.08 | 19.30 | 14.88 | 17.99 | 21.43 | 15.15 | 15.85 | 13.51 | 14.76 | 12.49 |
Piotroski F-Score |
8 | 7 | 7 | 7 | 6 | 6 | 5 | 7 | 8 | 8 |
P/S ratio |
5.23 | 4.67 | 4.49 | 5.07 | 5.24 | 5.54 | 5.15 | 3.58 | 4.00 | 3.39 |
P/FCF ratio |
13.77 | 14.81 | 11.72 | 15.59 | 12.28 | 14.48 | 16.22 | 17.40 | 15.50 | 12.26 |
P/Operating CF |
57.15 | 64.04 | 58.96 | 54.35 | 48.02 | 71.37 | 90.02 | 58.22 | (61.33) | 27.27 |
P/B ratio |
2.57 | 2.29 | 2.24 | 2.46 | 2.14 | 2.31 | 3.25 | 2.38 | 2.52 | 1.90 |
Price to Tangible BV |
2.74 | 2.43 | 2.36 | 2.59 | 2.24 | 2.42 | 3.47 | 2.51 | 2.64 | 1.99 |
EV/Sales |
4.00 | 3.70 | 3.11 | 3.85 | 3.03 | 1.41 | 4.03 | 1.97 | 2.08 | 1.33 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
10.20 | 10.97 | 7.83 | 10.92 | 6.75 | 3.39 | 11.29 | 7.94 | 7.52 | 4.40 |
EV/FCF |
10.53 | 11.73 | 8.12 | 11.86 | 7.10 | 3.68 | 12.70 | 9.58 | 8.03 | 4.79 |
Quick Ratio |
0.07 | 0.06 | 0.09 | 0.08 | 0.11 | 0.18 | 0.06 | 0.11 | 0.14 | 0.16 |
Current Ratio |
0.65 | 0.69 | 0.72 | 0.73 | 0.66 | 0.64 | 0.62 | 0.71 | 0.75 | 0.77 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
0.40% | 0.01% | 0.03% | 0.01% | 0.00% | 0.03% | 0.03% | 0.00% | 0.00% | 0.04% |
Debt/Equity |
0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.04 | 0.05 | 0.06 | 0.07 | 0.07 |
Operating CF/Net income |
1.71 | 1.39 | 1.30 | 1.26 | 1.82 | 1.13 | 1.15 | 1.02 | 1.10 | 1.14 |
Capex/Depreciation |
(0.20) | (0.37) | (0.31) | (0.59) | (0.30) | (0.43) | (0.95) | (1.25) | (0.70) | (1.38) |
| 11.64% | 12.44% | 15.82% | 14.11% | 10.70% | 15.50% | 16.47% | 17.52% | 16.72% | 15.85% | |
| 1.06% | 1.21% | 1.69% | 1.58% | 1.16% | 1.52% | 1.42% | 1.50% | 1.65% | 1.74% | |
ROIC |
23.35% | 18.06% | 33.42% | 24.17% | 83.42% | 0.00% | 54.02% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(3.47%) | (4.70%) | (7.05%) | (7.23%) | (3.62%) | (4.63%) | (4.57%) | (6.29%) | (7.92%) | (9.27%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
62.57% | 62.48% | 56.15% | 56.29% | 65.17% | 51.40% | 55.99% | 49.07% | 47.02% | 48.42% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
Share Based Compensation of Revenue |
0.99% | 0.96% | 0.92% | 0.95% | 1.07% | 1.07% | 1.09% | 0.87% | 0.81% | 0.81% |
Graham Net Nets |
(1.37) | (1.19) | (1.06) | (0.89) | (1.41) | (1.54) | (1.42) | (1.21) | (0.90) | (0.97) |
Graham Number |
26.47 | 29.75 | 36.31 | 37.96 | 37.85 | 47.61 | 38.60 | 41.17 | 46.20 | 50.91 |
Earnings Yield |
4.33% | 5.18% | 6.72% | 5.56% | 4.67% | 6.60% | 6.31% | 7.40% | 6.77% | 8.01% |
Free Cash Flow Yield |
7.26% | 6.75% | 8.53% | 6.41% | 8.14% | 6.90% | 6.16% | 5.75% | 6.45% | 8.16% |
Revenue per Share |
8.22 | 8.93 | 9.83 | 10.51 | 10.32 | 10.73 | 11.34 | 13.75 | 14.82 | 15.42 |
Operating CF per Share |
3.23 | 3.02 | 3.91 | 3.71 | 4.63 | 4.46 | 4.05 | 3.41 | 4.09 | 4.65 |
Capex per Share |
(0.10) | (0.20) | (0.14) | (0.29) | (0.23) | (0.36) | (0.45) | (0.58) | (0.26) | (0.38) |
Free Cash Flow per Share |
3.12 | 2.82 | 3.77 | 3.41 | 4.40 | 4.10 | 3.60 | 2.83 | 3.83 | 4.27 |
Cash per Share |
10.85 | 8.70 | 13.63 | 12.77 | 22.79 | 44.37 | 12.74 | 22.10 | 28.59 | 31.98 |
Shareholders Equity per Share |
17.73 | 19.22 | 20.77 | 22.69 | 25.24 | 25.71 | 17.97 | 20.69 | 23.59 | 27.49 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.73 | 19.22 | 20.77 | 22.69 | 25.24 | 25.71 | 17.97 | 20.69 | 23.59 | 27.49 |
Free Cash Flow |
440.60 | 398.89 | 532.79 | 472.25 | 592.74 | 549.87 | 497.18 | 405.05 | 540.62 | 592.49 |
Working Capital |
(8,024.08) | (6,856.93) | (6,350.84) | (6,014.62) | (9,820.99) | (11,850.32) | (11,111.55) | (8,059.44) | (7,120.85) | (6,595.38) |
Capital Expenditures |
(14.37) | (27.63) | (19.87) | (40.54) | (31.26) | (47.86) | (62.21) | (83.72) | (37.24) | (52.65) |
Net Current Asset Value |
(8,339.37) | (7,039.58) | (6,597.48) | (6,570.75) | (10,298.86) | (12,255.05) | (11,476.73) | (8,523.56) | (7,564.60) | (7,066.48) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.02 | 0.01 | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.02 | 0.02 |
Price to Operating Income |
15.13 | 13.72 | 11.48 | 13.84 | 16.50 | 11.60 | 12.76 | 11.37 | 12.34 | 9.92 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.21 | 0.22 | 0.19 | 0.19 | 0.28 | 0.29 | 0.16 | 0.14 | 0.11 | 0.08 |
Cash ROIC |
10.66% | 10.10% | 10.93% | 9.62% | 9.16% | 5.84% | 11.70% | 6.61% | 7.33% | 7.17% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
233,369.74 | 170,492.34 | 113,468.79 | 72,442.26 | 229,797.44 | 845,777.29 | 168,299.74 | 24,161.64 | 21,504.64 | 25,166.25 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
20,539.98 | 20,763.28 | 20,374.56 | 20,422.04 | 23,733.58 | 28,379.91 | 28,000.26 | 25,775.67 | 25,328.77 | 25,466.61 |
Average Assets |
25,123.19 | 25,237.42 | 25,148.63 | 25,764.82 | 29,494.38 | 34,806.03 | 34,282.51 | 31,788.50 | 31,848.85 | 32,455.86 |
Average Common Equity |
2,289.49 | 2,464.87 | 2,682.88 | 2,893.03 | 3,196.83 | 3,424.15 | 2,964.95 | 2,722.90 | 3,148.35 | 3,573.62 |
Columns are period end dates