Friday 6 November 2026 Export CBSH’s income statement to Excel — free account

Commerce Bancshares, Inc.

Commerce Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 2.23% from fiscal 2024.

Revenue: +8.97%
EPS: +1.89%
Free cash flow: +68.3%
Total debt: +74.4%

Quarter to September 2026, against a year earlier

55.23 0.93 −1.66%

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Market cap: $7.8B
P/E: 13.3×
Fwd P/E: 13.0×
Dividend yield: 1.97%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	12.49	11.80	13.98	13.19
P/S ratio Full definition →		3.39	3.25	3.66	3.38
P/FCF ratio Full definition →		12.26	6.25	6.85	6.46
P/Operating CF Full definition →		27.27	10.47	45.80	43.20
P/B ratio Full definition →		1.90	1.66	1.90	1.86
Price to Tangible BV Full definition →		1.99	1.83	2.09	2.05
EV/Sales Full definition →		1.33	1.11	1.86	—
EV/EBITDA Full definition →		0.00	0.00	0.00	—
EV/Operating CF Full definition →		4.40	2.05	3.36	—
EV/FCF Full definition →		4.79	2.13	3.49	—
Quick Ratio Full definition →		0.16	0.15	0.14	0.12
Current Ratio Full definition →		0.77	0.81	0.82	0.82
Net Debt/EBITDA Full definition →		0.00	0.00	0.00	0.00
Debt/Assets Full definition →		0.04%	0.02%	0.07%	0.05%
Debt/Equity Full definition →		0.00	0.00	0.01	0.00
Asset Turnover Full definition →		0.07	0.06	0.07	0.07
Operating CF/Net income Full definition →		1.84	4.88	1.15	0.00
Capex/Depreciation Full definition →		(1.44)	(0.32)	(3.88)	—
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		49.56%	51.73%	50.63%	49.97%
Intangible Assets out of Total Assets Full definition →		0.00	0.01	0.01	0.01
Share Based Compensation of Revenue Full definition →		0.81%	1.05%	1.07%	0.00%
Graham Net Nets Full definition →		(0.97)	(0.89)	(0.74)	(0.76)
Graham Number Full definition →		50.91	52.77	53.14	52.37
Earnings Yield Full definition →		8.01%	8.48%	7.15%	7.58%
Free Cash Flow Yield Full definition →		8.16%	15.99%	14.60%	15.48%
Revenue per Share Full definition →		3.91	4.01	4.19	4.13
Operating CF per Share Full definition →		1.92	4.70	1.26	0.00
Capex per Share Full definition →		(0.10)	(0.03)	(0.09)	0.00
Free Cash Flow per Share Full definition →		1.82	4.67	1.17	0.00
Cash per Share Full definition →		31.98	32.50	28.54	25.03
Shareholders Equity per Share Full definition →		27.49	29.68	30.38	29.37
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		27.49	29.68	30.38	29.37
Free Cash Flow Full definition →		252.58	680.90	169.19	—
Working Capital Full definition →		(6,595.39)	(5,958.91)	(5,546.58)	(5,335.93)
Capital Expenditures Full definition →		(13.74)	(3.90)	(12.67)	—
Net Current Asset Value Full definition →		(7,066.49)	(6,388.73)	(6,129.95)	(5,999.92)
EV/EBIT Full definition →		0.00	0.00	0.00	—
Capex to Sales Full definition →		0.03	0.01	0.02	0.00
Price to Operating Income Full definition →		9.92	9.57	10.97	10.11
Other line items
Average Payables Full definition →		25,466.61	27,113.06	26,684.87	26,352.96
Average Assets Full definition →		32,455.86	34,041.11	33,776.71	33,556.04
Average Common Equity Full definition →		3,573.62	3,912.40	4,020.96	4,004.24

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Columns are period end dates · fundamentals updated 2 Nov 2026

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