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Quinstreet vs MediaAlpha: QNST and MAX compared
Quinstreet is the larger company: $417M of revenue in its latest quarter (Q1 FY27) against $376M for MediaAlpha (Q3 2026). Quinstreet is growing faster (+46% against +23% a year earlier). MediaAlpha is more profitable, with an operating margin of 7.7% against 5.6%.
Where the money goes: QNST and MAX
Quinstreet (QNST) · Q1 FY27
Quinstreet, Q1 FY27: revenue $417M (+46% year over year), operating margin 5.6%, net earnings $17.0M, operating cash flow $23.3M. The chart follows the revenue to costs, profit and cash.
MediaAlpha (MAX) · Q3 2026
MediaAlpha, Q3 2026: revenue $376M (+23% year over year), operating margin 7.7%, net earnings $25.8M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.
| Quinstreet (QNST) | MediaAlpha (MAX) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $417M | $376M |
| Revenue growth, Y/Y | +46% | +23% |
| Gross margin | 12.8% | — |
| Operating margin | 5.6% | 7.7% |
| Net earnings | $17.0M | $25.8M |
| Net margin | 4.1% | 6.9% |
| Operating cash flow | $23.3M | $21.6M |
| Free cash flow | $20.3M | $21.5M |
| Market value | $1.2B | $892M |
| P/E | 13.0× | 7.8× |
| Analysts’ mean target | $22.80 | $15.71 |
Where the revenue comes from
Quinstreet
- Financial Service: $271M (65%)
- Home Services: $146M (35%)
MediaAlpha
- Property & casualty insurance: $366M (97%)
- Life insurance: $6.8M (2%)
- Health insurance: $2.9M (1%)
- Other: $302K (0%)
Questions
Which is bigger, Quinstreet or MediaAlpha?
Quinstreet is the larger company: $417M of revenue in its latest quarter (Q1 FY27) against $376M for MediaAlpha (Q3 2026).
Is Quinstreet or MediaAlpha growing faster?
Quinstreet is growing faster (+46% against +23% a year earlier).
Which is more profitable, Quinstreet or MediaAlpha?
MediaAlpha is more profitable, with an operating margin of 7.7% against 5.6%.
More: Quinstreet earnings · how Quinstreet makes money · MediaAlpha earnings · how MediaAlpha makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.