Mediaalpha vs Quinstreet
Quinstreet is the larger business, with $1.29bn of revenue in fiscal 2026 against $1.11bn for Mediaalpha (1.2 times as much). Mediaalpha grew faster (28.8% against 18.3%). Quinstreet kept more of each dollar of sales as profit: a net margin of 6.3% against 2.3%. Quinstreet carries less debt relative to equity (21.7% against 3687.7%).
| Latest fiscal year | MediaalphaMAX, 2025 | QuinstreetQNST, 2026 |
|---|---|---|
| Revenue | $1.11bn | $1.29bn |
| Revenue growth | 28.8% | 18.3% |
| Net income | $25.6m | $81.2m |
| Operating margin | 2.0% | 2.7% |
| Net margin | 2.3% | 6.3% |
| Return on equity | — | 28.6% |
| Free cash flow | $65.3m | $128m |
| Cash | $46.9m | $128m |
| Total debt | $153m | $70.0m |
| Debt to equity | 3687.7% | 21.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $47.3m | $31.4m |
| Employees | 147 | 1,074 |
| Market value | $946m | $1.02bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 39 (Weak) | 39 (Weak) |
| Insider trades, 12 months | 0 buys, 323 sales | 0 buys, 9 sales |