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

55.23 0.93 −1.66%
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

Commerce Bancshares, Inc. (CBSH) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Commerce Bancshares, Inc. (CBSH) trades at a price to free cash flow of 6.5×. Over the past ten years it has ranged from 6.3× (March 2026) to 39.8× (September 2025); the current reading is higher than 1% of that period. That is below the Banks Regional industry median of 10.6× and below the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 12.3× (20.93%)
FY2024 15.5× (10.87%)
FY2023 17.4× 7.22%
FY2022 16.2× 17.61%
FY2021 13.8× 17.91%
FY2020 11.7× (21.21%)
FY2019 14.8× 39.63%
FY2018 10.6× (20.82%)
FY2017 13.4× 12.90%
FY2016 11.9× (31.43%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 6.5× (5.68%)
Jun 2026 6.8× 9.55%
Mar 2026 6.3× (49.00%)
Dec 2025 12.3× (69.19%)
43 more quarters

Against its own ten years

Low 6.3× High 39.8×
Ten-year median 13.9×
Current reading's percentile 1

Price to free cash flow against peers

Company Price to free cash flow
WAL Western Alliance Bancorporation compare n/m
ZION Zions Bancorporation, N.A. compare 5.6×
CBSH Commerce Bancshares, Inc. 6.5×
COLB Columbia Banking System, Inc. compare 6.7×
BOKF BOK Financial Corporation compare 9.3×
UBSI United Bankshares, Inc. compare 12.1×
VLY Valley National Bancorp compare 13.9×
PB Prosperity Bancshares, Inc. compare 14.2×
CBC Central Bancompany compare 18.5×
Banks Regional industry median 10.6×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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