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Side-by-side financial comparison of CALIFORNIA WATER SERVICE GROUP (CWT) and QUINSTREET, INC (QNST). Click either name above to swap in a different company.

QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $210.7M, roughly 1.4× CALIFORNIA WATER SERVICE GROUP). QUINSTREET, INC runs the higher net margin — 17.4% vs 5.4%, a 12.0% gap on every dollar of revenue. On growth, QUINSTREET, INC posted the faster year-over-year revenue change (1.9% vs -3.3%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 16.6%).

California Water Service Group (CWSG) is an American public utility company providing drinking water and wastewater services. It is the third-largest investor-owned publicly traded water utility in the United States, serving roughly two million people through its subsidiary companies in California, Hawaii, New Mexico and Washington. CWSG was formed in 1997 as a new holding company for California Water Service to expand into other states regulated by their own public utilities commissions, and...

QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.

CWT vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.4× larger
QNST
$287.8M
$210.7M
CWT
Growing faster (revenue YoY)
QNST
QNST
+5.1% gap
QNST
1.9%
-3.3%
CWT
Higher net margin
QNST
QNST
12.0% more per $
QNST
17.4%
5.4%
CWT
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
16.6%
CWT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CWT
CWT
QNST
QNST
Revenue
$210.7M
$287.8M
Net Profit
$11.5M
$50.2M
Gross Margin
9.6%
Operating Margin
12.2%
0.4%
Net Margin
5.4%
17.4%
Revenue YoY
-3.3%
1.9%
Net Profit YoY
-41.0%
3342.5%
EPS (diluted)
$0.19
$0.87

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWT
CWT
QNST
QNST
Q4 25
$210.7M
$287.8M
Q3 25
$314.1M
$285.9M
Q2 25
$256.2M
Q1 25
$182.7M
$269.8M
Q4 24
$217.8M
$282.6M
Q3 24
$306.2M
$279.2M
Q2 24
$226.7M
$198.3M
Q1 24
$154.9M
$168.6M
Net Profit
CWT
CWT
QNST
QNST
Q4 25
$11.5M
$50.2M
Q3 25
$61.2M
$4.5M
Q2 25
$42.2M
Q1 25
$13.3M
$4.4M
Q4 24
$19.5M
$-1.5M
Q3 24
$60.7M
$-1.4M
Q2 24
$40.6M
$-2.2M
Q1 24
$69.9M
$-7.0M
Gross Margin
CWT
CWT
QNST
QNST
Q4 25
9.6%
Q3 25
9.4%
Q2 25
Q1 25
10.3%
Q4 24
9.5%
Q3 24
10.2%
Q2 24
8.8%
Q1 24
8.5%
Operating Margin
CWT
CWT
QNST
QNST
Q4 25
12.2%
0.4%
Q3 25
22.5%
1.7%
Q2 25
20.2%
Q1 25
12.2%
1.8%
Q4 24
14.8%
-0.5%
Q3 24
21.8%
-0.4%
Q2 24
21.2%
-0.7%
Q1 24
50.3%
-3.2%
Net Margin
CWT
CWT
QNST
QNST
Q4 25
5.4%
17.4%
Q3 25
19.5%
1.6%
Q2 25
16.5%
Q1 25
7.3%
1.6%
Q4 24
8.9%
-0.5%
Q3 24
19.8%
-0.5%
Q2 24
17.9%
-1.1%
Q1 24
45.1%
-4.2%
EPS (diluted)
CWT
CWT
QNST
QNST
Q4 25
$0.19
$0.87
Q3 25
$1.03
$0.08
Q2 25
$0.71
Q1 25
$0.22
$0.08
Q4 24
$0.31
$-0.03
Q3 24
$1.03
$-0.02
Q2 24
$0.70
$-0.04
Q1 24
$1.21
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWT
CWT
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$51.8M
$107.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.7B
$294.4M
Total Assets
$5.7B
$493.0M
Debt / EquityLower = less leverage
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWT
CWT
QNST
QNST
Q4 25
$51.8M
$107.0M
Q3 25
$76.0M
$101.3M
Q2 25
$50.5M
Q1 25
$44.5M
$81.8M
Q4 24
$50.1M
$57.8M
Q3 24
$59.6M
$25.0M
Q2 24
$37.3M
$50.5M
Q1 24
$42.8M
$39.6M
Total Debt
CWT
CWT
QNST
QNST
Q4 25
$1.5B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CWT
CWT
QNST
QNST
Q4 25
$1.7B
$294.4M
Q3 25
$1.7B
$246.7M
Q2 25
$1.7B
Q1 25
$1.6B
$235.5M
Q4 24
$1.6B
$224.3M
Q3 24
$1.6B
$219.8M
Q2 24
$1.5B
$216.8M
Q1 24
$1.5B
$215.0M
Total Assets
CWT
CWT
QNST
QNST
Q4 25
$5.7B
$493.0M
Q3 25
$5.5B
$442.6M
Q2 25
$5.4B
Q1 25
$5.3B
$417.2M
Q4 24
$5.2B
$409.6M
Q3 24
$5.0B
$401.2M
Q2 24
$4.9B
$368.5M
Q1 24
$4.8B
$349.3M
Debt / Equity
CWT
CWT
QNST
QNST
Q4 25
0.87×
Q3 25
0.65×
Q2 25
0.67×
Q1 25
0.68×
Q4 24
0.67×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWT
CWT
QNST
QNST
Operating Cash FlowLast quarter
$47.9M
$21.6M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
4.17×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWT
CWT
QNST
QNST
Q4 25
$47.9M
$21.6M
Q3 25
$167.3M
$19.6M
Q2 25
$48.9M
Q1 25
$38.4M
$30.1M
Q4 24
$68.1M
$38.7M
Q3 24
$101.8M
$-13.7M
Q2 24
$94.4M
$16.6M
Q1 24
$26.5M
$4.1M
Free Cash Flow
CWT
CWT
QNST
QNST
Q4 25
$20.7M
Q3 25
$18.4M
Q2 25
Q1 25
$29.5M
Q4 24
$38.2M
Q3 24
$-14.1M
Q2 24
$15.4M
Q1 24
$2.9M
FCF Margin
CWT
CWT
QNST
QNST
Q4 25
7.2%
Q3 25
6.4%
Q2 25
Q1 25
10.9%
Q4 24
13.5%
Q3 24
-5.1%
Q2 24
7.8%
Q1 24
1.7%
Capex Intensity
CWT
CWT
QNST
QNST
Q4 25
0.3%
Q3 25
0.4%
Q2 25
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.6%
Q1 24
0.7%
Cash Conversion
CWT
CWT
QNST
QNST
Q4 25
4.17×
0.43×
Q3 25
2.73×
4.32×
Q2 25
1.16×
Q1 25
2.88×
6.82×
Q4 24
3.50×
Q3 24
1.68×
Q2 24
2.33×
Q1 24
0.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CWT
CWT

Residential$133.2M63%
Business$47.7M23%
Public Authorities$13.4M6%
Industrial$6.9M3%
Non Regulated Services$4.8M2%
Other Non Regulated Service$1.2M1%

QNST
QNST

Financial Service$216.8M75%
Home Services And Other Revenue$71.0M25%

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