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