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.
- Revenue
- +8.97%
- EPS
- +1.89%
- Free cash flow
- +68.3%
- Total debt
- +74.4%
Quarter to September 2026, against a year earlier
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Commerce Bancshares, Inc. (CBSH) Gross margin
Commerce Bancshares, Inc.'s gross margin over the twelve months to 30 September 2026 was 83.9%, up 1.3 percentage points from fiscal 2025 (82.6%). Over the past ten years it has ranged from 79.5% (fiscal 2024) to 99.1% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Banks Regional industry median of 69.8% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 82.6% | 3.13 |
| FY2024 | 79.5% | (1.05) |
| FY2023 | 80.5% | (15.83) |
| FY2022 | 96.4% | (2.74) |
| FY2021 | 99.1% | 2.19 |
| FY2020 | 96.9% | 4.04 |
| FY2019 | 92.9% | (2.42) |
| FY2018 | 95.3% | (1.24) |
| FY2017 | 96.5% | (0.61) |
| FY2016 | 97.2% | (0.33) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 84.2% | (0.57) |
| Jun 2026 | 84.7% | 1.28 |
| Mar 2026 | 83.5% | 0.12 |
| Dec 2025 | 83.3% | 0.74 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CBC Central Bancompany compare | 88.4% |
| CBSH Commerce Bancshares, Inc. | 83.9% |
| COLB Columbia Banking System, Inc. compare | 75.6% |
| PB Prosperity Bancshares, Inc. compare | 75.0% |
| ZION Zions Bancorporation, N.A. compare | 72.9% |
| UBSI United Bankshares, Inc. compare | 70.2% |
| WAL Western Alliance Bancorporation compare | 69.5% |
| BOKF BOK Financial Corporation compare | 66.9% |
| VLY Valley National Bancorp compare | 61.8% |
| Banks Regional industry median | 69.8% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CBSH
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement