Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 35.99% is in line with its 5-year average of 38.57%, near the low end of its 5-year range (30.41%–60.64%).
6.79% below its 12-month average of 38.61%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 44.08%.
EBITDA MARGIN
35.99%
EBITDA MARGIN AVG TTM
38.61%
EBITDA MARGIN AVG 3Y
36.16%
EBITDA MARGIN AVG 5Y
38.57%
EBITDA MARGIN AVG 10Y
39.60%
EBITDA MARGIN AVG 15Y
38.97%
EBITDA MARGIN AVG 20Y
37.65%
CURRENT VS TTM AVG
-6.79%
CURRENT VS 3Y AVG
-0.46%
CURRENT VS 5Y AVG
-6.69%
CURRENT VS 10Y AVG
-9.11%
CURRENT VS 15Y AVG
-7.65%
CURRENT VS 20Y AVG
-4.40%
Commerce Bancshares, Inc.
Market Cap
$8.04B
EBITDA Margin
35.99%
TTM Avg
38.61%
3Y Avg
36.16%
5Y Avg
38.57%
Market Cap
$8.16B
EBITDA Margin
27.86%
TTM Avg
28.57%
3Y Avg
28.78%
5Y Avg
10.04%
Market Cap
$7.79B
EBITDA Margin
23.87%
TTM Avg
23.41%
3Y Avg
27.82%
5Y Avg
32.13%
Market Cap
$7.66B
EBITDA Margin
43.10%
TTM Avg
43.10%
3Y Avg
43.10%
5Y Avg
43.10%
Market Cap
$7.57B
EBITDA Margin
34.16%
TTM Avg
33.47%
3Y Avg
30.55%
5Y Avg
28.94%
Market Cap
$7.33B
EBITDA Margin
-45.86%
TTM Avg
-28.30%
3Y Avg
-75.33%
5Y Avg
-61.34%
Market Cap
$8.89B
EBITDA Margin
3.48%
TTM Avg
6.71%
3Y Avg
7.46%
5Y Avg
16.68%
Market Cap
$7.07B
EBITDA Margin
23.26%
TTM Avg
18.88%
3Y Avg
24.96%
5Y Avg
30.90%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Commerce Bancshares, Inc. (CBSH) | $8.04B | 35.99% | 38.61% | 36.16% | 38.57% |
| Columbia Banking System, Inc. (COLB)vs › | $8.16B | 27.86% | 28.57% | 28.78% | 10.04% |
| BOK Financial Corporation (BOKF)vs › | $7.79B | 23.87% | 23.41% | 27.82% | 32.13% |
| Central Bancompany (CBC)vs › | $7.66B | 43.10% | 43.10% | 43.10% | 43.10% |
| Kinsale Capital Group, Inc. (KNSL)vs › | $7.57B | 34.16% | 33.47% | 30.55% | 28.94% |
| Galaxy Digital (GLXY)vs › | $7.51B | 0.99% | 1.38% | 1.38% | 1.38% |
| TeraWulf Inc. (WULF)vs › | $7.33B | -45.86% | -28.30% | -75.33% | -61.34% |
| Voya Financial, Inc. (VOYA)vs › | $8.89B | 3.48% | 6.71% | 7.46% | 16.68% |
| Valley National Bancorp (VLY)vs › | $7.07B | 23.26% | 18.88% | 24.96% | 30.90% |
| FirstCash Holdings, Inc (FCFS)vs › | $9.17B | 27.13% | 28.16% | 28.09% | 23.67% |
EBITDA Margin
36.0%
Operating Margin
35.0%
Net Margin
26.9%
Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 44.08% |
| 2026-03-31 | 35.32% |
| 2025-12-31 | 37.95% |
| 2025-09-30 | 36.58% |
| 2025-06-30 | 39.11% |
| 2025-03-31 | 35.16% |
| 2024-12-31 | 35.64% |
| 2024-09-30 | 35.93% |
| 2024-06-30 | 36.88% |
| 2024-03-31 | 31.61% |
| 2023-12-31 | 30.41% |
| 2023-09-30 | 33.16% |
| 2023-06-30 | 35.83% |
| 2023-03-31 | 36.97% |
| 2022-12-31 | 41.58% |
| 2022-09-30 | 42.47% |
| 2022-06-30 | 43.32% |
| 2022-03-31 | 46.69% |
| 2021-12-31 | 46.04% |
| 2021-09-30 | 46.64% |
| 2021-06-30 | 60.64% |
| 2021-03-31 | 49.69% |
| 2020-12-31 | 48.76% |
| 2020-09-30 | 48.50% |
| 2020-06-30 | 18.10% |
| 2020-03-31 | 21.20% |
| 2019-12-31 | 39.45% |
| 2019-09-30 | 40.50% |
| 2019-06-30 | 40.36% |
| 2019-03-31 | 37.30% |
| 2018-12-31 | 41.01% |
| 2018-09-30 | 42.62% |
| 2018-06-30 | 43.29% |
| 2018-03-31 | 40.76% |
| 2017-12-31 | 35.50% |
| 2017-09-30 | 37.70% |
| 2017-06-30 | 39.30% |
| 2017-03-31 | 35.92% |
| 2016-12-31 | 37.62% |
| 2016-09-30 | 37.21% |
| 2016-06-30 | 37.82% |
| 2016-03-31 | 36.20% |
| 2015-12-31 | 36.17% |
| 2015-09-30 | 37.14% |
| 2015-06-30 | 41.26% |
| 2015-03-31 | 38.09% |
| 2014-12-31 | 37.71% |
| 2014-09-30 | 40.07% |
| 2014-06-30 | 39.13% |
| 2014-03-31 | 38.37% |
| 2013-12-31 | 39.57% |
| 2013-09-30 | 41.45% |
| 2013-06-30 | 39.73% |
| 2013-03-31 | 39.05% |
| 2012-12-31 | 39.14% |
| 2012-09-30 | 41.03% |
| 2012-06-30 | 42.10% |
| 2012-03-31 | 41.24% |
| 2011-12-31 | 38.11% |
| 2011-09-30 | 39.60% |
| 2011-06-30 | 40.48% |
| 2011-03-31 | 36.92% |
| 2010-12-31 | 34.11% |
| 2010-09-30 | 33.47% |
| 2010-06-30 | 34.58% |
| 2010-03-31 | 26.93% |
| 2009-12-31 | 27.65% |
| 2009-09-30 | 28.98% |
| 2009-06-30 | 22.00% |
| 2009-03-31 | 20.02% |
| 2008-12-31 | 27.58% |
| 2008-09-30 | 15.24% |
| 2008-06-30 | 30.83% |
| 2008-03-31 | 32.03% |
| 2007-12-31 | 22.77% |
| 2007-09-30 | 28.78% |
| 2007-06-30 | 29.69% |
| 2007-03-31 | 28.43% |
| 2006-12-31 | 31.05% |
| 2006-09-30 | 30.87% |
| 2006-06-30 | 33.52% |
| 2006-03-31 | 33.63% |
| 2005-12-31 | 33.54% |
| 2005-09-30 | 36.06% |
| 2005-06-30 | 37.14% |
| 2005-03-31 | 38.62% |
| 2004-12-31 | 37.67% |
| 2004-09-30 | 39.95% |
| 2004-06-30 | 41.59% |
| 2004-03-31 | 42.37% |
| 2003-12-31 | 39.61% |
| 2003-09-30 | 41.82% |
| 2003-06-30 | 38.71% |
| 2003-03-31 | 37.58% |
| 2002-12-31 | 38.54% |
| 2002-09-30 | 37.98% |
