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Side-by-side financial comparison of IBEX Ltd (IBEX) 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 $164.2M, roughly 1.8× IBEX Ltd). QUINSTREET, INC runs the higher net margin — 17.4% vs 7.4%, a 10.0% gap on every dollar of revenue. On growth, IBEX Ltd posted the faster year-over-year revenue change (16.7% vs 1.9%). QUINSTREET, INC produced more free cash flow last quarter ($20.7M vs $-5.1M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 13.8%).

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures con...

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.

IBEX vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.8× larger
QNST
$287.8M
$164.2M
IBEX
Growing faster (revenue YoY)
IBEX
IBEX
+14.9% gap
IBEX
16.7%
1.9%
QNST
Higher net margin
QNST
QNST
10.0% more per $
QNST
17.4%
7.4%
IBEX
More free cash flow
QNST
QNST
$25.8M more FCF
QNST
$20.7M
$-5.1M
IBEX
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
13.8%
IBEX

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
IBEX
IBEX
QNST
QNST
Revenue
$164.2M
$287.8M
Net Profit
$12.2M
$50.2M
Gross Margin
9.6%
Operating Margin
9.3%
0.4%
Net Margin
7.4%
17.4%
Revenue YoY
16.7%
1.9%
Net Profit YoY
31.8%
3342.5%
EPS (diluted)
$0.83
$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
IBEX
IBEX
QNST
QNST
Q4 25
$164.2M
$287.8M
Q3 25
$151.2M
$285.9M
Q2 25
$147.1M
Q1 25
$140.7M
$269.8M
Q4 24
$140.7M
$282.6M
Q3 24
$129.7M
$279.2M
Q2 24
$124.5M
$198.3M
Q1 24
$126.8M
$168.6M
Net Profit
IBEX
IBEX
QNST
QNST
Q4 25
$12.2M
$50.2M
Q3 25
$12.0M
$4.5M
Q2 25
$9.6M
Q1 25
$10.5M
$4.4M
Q4 24
$9.3M
$-1.5M
Q3 24
$7.5M
$-1.4M
Q2 24
$9.8M
$-2.2M
Q1 24
$10.3M
$-7.0M
Gross Margin
IBEX
IBEX
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
IBEX
IBEX
QNST
QNST
Q4 25
9.3%
0.4%
Q3 25
9.1%
1.7%
Q2 25
8.3%
Q1 25
9.5%
1.8%
Q4 24
8.5%
-0.5%
Q3 24
7.0%
-0.4%
Q2 24
10.3%
-0.7%
Q1 24
8.9%
-3.2%
Net Margin
IBEX
IBEX
QNST
QNST
Q4 25
7.4%
17.4%
Q3 25
8.0%
1.6%
Q2 25
6.5%
Q1 25
7.4%
1.6%
Q4 24
6.6%
-0.5%
Q3 24
5.8%
-0.5%
Q2 24
7.9%
-1.1%
Q1 24
8.1%
-4.2%
EPS (diluted)
IBEX
IBEX
QNST
QNST
Q4 25
$0.83
$0.87
Q3 25
$0.82
$0.08
Q2 25
$0.63
Q1 25
$0.73
$0.08
Q4 24
$0.57
$-0.03
Q3 24
$0.43
$-0.02
Q2 24
$0.55
$-0.04
Q1 24
$0.57
$-0.13

Balance Sheet & Financial Strength

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

Metric
IBEX
IBEX
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$15.5M
$107.0M
Total DebtLower is stronger
$594.0K
Stockholders' EquityBook value
$154.5M
$294.4M
Total Assets
$295.8M
$493.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBEX
IBEX
QNST
QNST
Q4 25
$15.5M
$107.0M
Q3 25
$22.7M
$101.3M
Q2 25
$15.3M
Q1 25
$13.0M
$81.8M
Q4 24
$20.2M
$57.8M
Q3 24
$62.3M
$25.0M
Q2 24
$62.7M
$50.5M
Q1 24
$50.7M
$39.6M
Total Debt
IBEX
IBEX
QNST
QNST
Q4 25
$594.0K
Q3 25
$726.0K
Q2 25
$796.0K
Q1 25
$735.0K
Q4 24
$695.0K
Q3 24
$802.0K
Q2 24
$867.0K
Q1 24
$820.0K
Stockholders' Equity
IBEX
IBEX
QNST
QNST
Q4 25
$154.5M
$294.4M
Q3 25
$143.6M
$246.7M
Q2 25
$134.3M
Q1 25
$124.2M
$235.5M
Q4 24
$108.9M
$224.3M
Q3 24
$171.1M
$219.8M
Q2 24
$165.8M
$216.8M
Q1 24
$159.3M
$215.0M
Total Assets
IBEX
IBEX
QNST
QNST
Q4 25
$295.8M
$493.0M
Q3 25
$283.9M
$442.6M
Q2 25
$273.2M
Q1 25
$274.7M
$417.2M
Q4 24
$272.5M
$409.6M
Q3 24
$306.3M
$401.2M
Q2 24
$293.9M
$368.5M
Q1 24
$289.6M
$349.3M
Debt / Equity
IBEX
IBEX
QNST
QNST
Q4 25
0.00×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.00×
Q2 24
0.01×
Q1 24
0.01×

Cash Flow & Capital Efficiency

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

Metric
IBEX
IBEX
QNST
QNST
Operating Cash FlowLast quarter
$6.6M
$21.6M
Free Cash FlowOCF − Capex
$-5.1M
$20.7M
FCF MarginFCF / Revenue
-3.1%
7.2%
Capex IntensityCapex / Revenue
7.1%
0.3%
Cash ConversionOCF / Net Profit
0.54×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$29.3M
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBEX
IBEX
QNST
QNST
Q4 25
$6.6M
$21.6M
Q3 25
$15.7M
$19.6M
Q2 25
$27.9M
Q1 25
$8.8M
$30.1M
Q4 24
$1.1M
$38.7M
Q3 24
$7.8M
$-13.7M
Q2 24
$17.4M
$16.6M
Q1 24
$11.4M
$4.1M
Free Cash Flow
IBEX
IBEX
QNST
QNST
Q4 25
$-5.1M
$20.7M
Q3 25
$8.0M
$18.4M
Q2 25
$22.8M
Q1 25
$3.6M
$29.5M
Q4 24
$-3.2M
$38.2M
Q3 24
$4.1M
$-14.1M
Q2 24
$15.2M
$15.4M
Q1 24
$9.7M
$2.9M
FCF Margin
IBEX
IBEX
QNST
QNST
Q4 25
-3.1%
7.2%
Q3 25
5.3%
6.4%
Q2 25
15.5%
Q1 25
2.5%
10.9%
Q4 24
-2.3%
13.5%
Q3 24
3.2%
-5.1%
Q2 24
12.2%
7.8%
Q1 24
7.7%
1.7%
Capex Intensity
IBEX
IBEX
QNST
QNST
Q4 25
7.1%
0.3%
Q3 25
5.1%
0.4%
Q2 25
3.5%
Q1 25
3.7%
0.2%
Q4 24
3.1%
0.2%
Q3 24
2.8%
0.2%
Q2 24
1.8%
0.6%
Q1 24
1.3%
0.7%
Cash Conversion
IBEX
IBEX
QNST
QNST
Q4 25
0.54×
0.43×
Q3 25
1.30×
4.32×
Q2 25
2.91×
Q1 25
0.84×
6.82×
Q4 24
0.12×
Q3 24
1.03×
Q2 24
1.77×
Q1 24
1.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IBEX
IBEX

Transferred Over Time$147.1M90%
Transferred At Point In Time$17.1M10%

QNST
QNST

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

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