tradmap

CBSH Financials Commerce Bancshares

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Free cash flow has grown 0.1% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 4 consecutive years, consuming 26.5% of earnings and 25.4% of free cash flow.
  • The dividend has grown 5.6% per year over the past 5 years.
Net income
$0 $283M $566M 2011 2013 2015 2017 2019 2021 2023 2025
Net income
Return on equity & assets (ROE / ROA)
0% 10% 20% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Shareholders' equity (book value)
$0 $2B $4B 2011 2013 2015 2017 2019 2021 2023 2025
Equity
Free cash flow (CFO − capex)
$0 $296M $592M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $2B $4B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$5B $338M $6B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $566M 14.9% 1.7% $592M $3.5B
2024 $526M 15.9% 1.6% $532M $3.4B
2023 $477M 16.2% 1.5% $401M $2.7B
2022 $488M 19.8% 1.5% $494M $898M
2021 $531M 15.4% 1.4% $541M $4.3B
2020 $354M 10.4% 1.1% $591M $2.2B
2019 $421M 13.4% 1.6% $470M $908M
2018 $434M 14.8% 1.7% $519M $1.2B
2017 $319M 11.8% 1.3% $396M $524M
2016 $275M 11.0% 1.1% $430M $802M
2015 $264M 11.2% 1.1% $259M $503M
2014 $262M 11.2% 1.1% $317M
2013 $261M 11.8% 1.1% $338M $455M
2012 $269M 12.4% 1.2% $349M $504M
2011 $256M 11.8% 1.2% $386M $512M

Valuation over time

How the market has priced CBSH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 11.1 22.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Dividend yield (%)
0.0 1.1 2.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is CBSH growing its revenue and profit?

See the revenue and net-income charts above for Commerce Bancshares's multi-year trend.

How much debt does CBSH have?

As of FY2025, Commerce Bancshares reported — of total debt against $3.5B of cash.

What is CBSH's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is CBSH's P/E ratio?

As of Sep '26, Commerce Bancshares traded at a price-to-earnings ratio of about 14.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.