CBSH
Commerce Bancshares, Inc.
CBSH has lower modeled downside risk, despite its lower overall score.
GS
The Goldman Sachs Group, Inc.
GS has the edge over CBSH overall, supported by stronger fundamentals.
CBSH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
CBSH's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like CBSH.
GS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.
CBSH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $53.32 | -4% |
| Forward | 13x | $55.57 | — |
| Current | 14x | $55.57 | — |
| Fair | 16x | $62.21 | +12% |
| Expensive | 19x | $75.69 | +36% |
Historical ranges are pointers, not guarantees.
CBSH has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.
GS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $528 | -42% |
| Current | 13x | $914 | — |
| Forward | 13x | $914 | — |
| Fair | 14x | $940 | +2.9% |
| Expensive | 17x | $1,214 | +33% |
Historical ranges are pointers, not guarantees.
GS's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.
CBSH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
CBSH has the edge over GS on the outlook, with more favorable valuation expectations.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for GS, with profitability improving. However, they disagree widely on these estimates.
CBSH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.43 | +11% |
| Q3 2026 | $4.00 | -1.2% |
| Q2 2026 | $3.98 | -0.7% |
| Q1 2026 | $4.02 | +3.3% |
| Q4 2025 | $4.04 | +8.3% |
| Q3 2025 | $4.05 | +15% |
| Q2 2025 | $4.01 | +18% |
| Q1 2025 | $3.89 | +18% |
| Q4 2024 | $3.73 | +12% |
CBSH earned $4.00 per share over the past year, down 1.2% from the year before.
GS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $72.35 | +4% |
| Q3 2026 | $69.58 | +41% |
| Q2 2026 | $64.82 | +43% |
| Q1 2026 | $54.75 | +27% |
| Q4 2025 | $51.32 | +27% |
| Q3 2025 | $49.22 | +44% |
| Q2 2025 | $45.37 | +45% |
| Q1 2025 | $43.08 | +68% |
| Q4 2024 | $40.54 | +77% |
GS has the edge over CBSH on earnings, with more consistent year-over-year improvement.
CBSH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $494.3M | +12% |
| Q2 2026 | $498.9M | +12% |
| Q1 2026 | $475.7M | +11% |
| Q4 2025 | $449.4M | +6.5% |
| Q3 2025 | $441M | +4.6% |
| Q2 2025 | $445.8M | +7.5% |
| Q1 2025 | $428.1M | +7.6% |
| Q4 2024 | $422.1M | +7.3% |
CBSH's revenue has grown year over year for 18 quarters in a row: $494M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | -0.9 points |
| Q2 2026 | 41% | -2.7 points |
| Q1 2026 | 39% | -0.2 points |
| Q4 2025 | 41% | -0.4 points |
| Q3 2025 | 42% | -0.5 points |
| Q2 2025 | 44% | +0.6 points |
| Q1 2025 | 39% | +2.2 points |
| Q4 2024 | 41% | +4.6 points |
CBSH has the edge over GS on profitability, with a higher operating margin.
GS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18.7B | +23% |
| Q2 2026 | $20.3B | +39% |
| Q1 2026 | $17.2B | +14% |
| Q4 2025 | $13.5B | -3% |
| Q3 2025 | $15.2B | +20% |
| Q2 2025 | $14.6B | +15% |
| Q1 2025 | $15.1B | +6% |
| Q4 2024 | $13.9B | +23% |
GS's revenue is growing: $18.7B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +2 points |
| Q2 2026 | 42% | +8.1 points |
| Q1 2026 | 38% | +0.2 points |
| Q4 2025 | 44% | +5.6 points |
| Q3 2025 | 36% | +4.1 points |
| Q2 2025 | 34% | +3.2 points |
| Q1 2025 | 37% | +0.6 points |
| Q4 2024 | 38% | +18 points |
GS's operating margin was 37% last quarter, up 2 points from the same quarter a year ago.
CBSH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $181M | +60% |
| Q2 2026 | $169.1M | +68% |
| Q1 2026 | $678.4M | +438% |
| Q4 2025 | $252.6M | +$403.3M |
| Q3 2025 | $113.3M | -73% |
| Q2 2025 | $100.5M | -28% |
| Q1 2025 | $126M | +1.2% |
| Q4 2024 | -$150.7M | -243% |
CBSH has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
GS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +72% |
| Q2 2026 | $5.6B | +7.8% |
| Q1 2026 | -$32.4B | +$5.3B |
| Q4 2025 | -$16.8B | -136% |
| Q3 2025 | $2.1B | +$40.6B |
| Q2 2025 | $5.2B | -6.8% |
| Q1 2025 | -$37.7B | -$9.2B |
| Q4 2024 | $46.2B | +$75.1B |
GS's free cash flow was −$40B over the past year, against $15.8B the year before. Free cash flow isn't a meaningful measure for financial services companies like GS.
CBSH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.9M shares |
| 1 year | +6.9% | +9.1M shares |
| 3 years | +3.3% | +4.5M shares |
| 5 years | +0.2% | +350K shares |
| Available history | -1% | -1.5M shares |
CBSH has 142M diluted shares, up 6.9% from a year ago, despite $422M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $110.7M |
| Q2 2026 | $112.1M |
| Q1 2026 | $84.3M |
| Q4 2025 | $115.3M |
| Q3 2025 | $25.2M |
| Q2 2025 | $11.9M |
| Q1 2025 | $55.2M |
| Q4 2024 | $46.9M |
CBSH spent $422M buying back its own shares over the past year, about three times what it spent the year before.
GS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.8M shares |
| 1 year | -4.4% | -13.9M shares |
| 3 years | -12% | -42.8M shares |
| 5 years | -15% | -52.8M shares |
| Available history | -20% | -74.4M shares |
GS has the edge over CBSH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $5B |
| Q4 2025 | $3B |
| Q3 2025 | $2B |
| Q2 2025 | $3B |
| Q1 2025 | $4.4B |
| Q4 2024 | $2B |
GS spent $15B buying back its own shares over the past year, up 32% from the year before.
CBSH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
CBSH has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CBSH.
GS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.4x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -3.1x | Net Cash |
| Q1 2025 | -3.9x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
GS has the edge over CBSH on leverage, with a lower net debt burden relative to earnings.
CBSH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 24.3 | Neutral |
CBSH's weekly RSI is 49 (neutral) and its Stochastic is 24 (neutral).
GS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 16.3 | Oversold |
GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).
CBSH PE vs Financial Services Sector
| Metric | CBSH | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 6.7% above |
| PE % | 22 | 63 | 41 pts below |
CBSH is trading at 14x earnings, in line with the Financial Services sector's median of 13x.
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS has the edge over CBSH on valuation relative to its sector.
CBSH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.4 | 0.2% above |
| 20 week MA | $57.4 | 3.1% below |
| 50 week MA | $54.3 | 2.3% above |
| 100 week MA | $56.2 | 1.1% below |
| 200 week MA | $52.9 | 5.1% above |
CBSH's trend is mixed: it's above three of its five weekly moving averages, and 5.1% above its 200-week average.
GS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $895.5 | 2% above |
| 20 week MA | $977.4 | 6.5% below |
| 50 week MA | $945.4 | 3.4% below |
| 100 week MA | $804.5 | 14% above |
| 200 week MA | $602.7 | 52% above |
GS's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
CBSH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.9 | $52.0 | +2.2% |
| 2021 | $52.0 | $56.0 | +7.7% |
| 2022 | $56.0 | $57.7 | +3% |
| 2023 | $57.7 | $48.4 | -16% |
| 2024 | $48.4 | $59.8 | +24% |
| 2025 | $59.8 | $53.0 | -11% |
| 2026 YTD | $53.0 | $55.6 | +4.9% |
CBSH has the edge over GS on returns for 2026, with the stronger performance.
GS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $230.7 | $256.2 | +11% |
| 2021 | $256.2 | $385.0 | +50% |
| 2022 | $385.0 | $345.5 | -10% |
| 2023 | $345.5 | $385.8 | +12% |
| 2024 | $385.8 | $576.2 | +49% |
| 2025 | $576.2 | $907.0 | +57% |
| 2026 YTD | $907.0 | $913.6 | +0.7% |
GS has finished higher in five of the last six years, two of them by more than 50%. It's up 0.7% so far in 2026.