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Side-by-side financial comparison of MARTIN MIDSTREAM PARTNERS L.P. (MMLP) 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 $187.7M, roughly 1.5× MARTIN MIDSTREAM PARTNERS L.P.). QUINSTREET, INC runs the higher net margin — 17.4% vs 1.7%, a 15.7% gap on every dollar of revenue. On growth, QUINSTREET, INC posted the faster year-over-year revenue change (1.9% vs -2.5%). QUINSTREET, INC produced more free cash flow last quarter ($20.7M vs $-6.0M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 0.8%).

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

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.

MMLP vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.5× larger
QNST
$287.8M
$187.7M
MMLP
Growing faster (revenue YoY)
QNST
QNST
+4.4% gap
QNST
1.9%
-2.5%
MMLP
Higher net margin
QNST
QNST
15.7% more per $
QNST
17.4%
1.7%
MMLP
More free cash flow
QNST
QNST
$26.8M more FCF
QNST
$20.7M
$-6.0M
MMLP
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
0.8%
MMLP

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MMLP
MMLP
QNST
QNST
Revenue
$187.7M
$287.8M
Net Profit
$3.2M
$50.2M
Gross Margin
9.6%
Operating Margin
4.1%
0.4%
Net Margin
1.7%
17.4%
Revenue YoY
-2.5%
1.9%
Net Profit YoY
-37.1%
3342.5%
EPS (diluted)
$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
MMLP
MMLP
QNST
QNST
Q1 26
$187.7M
Q4 25
$174.2M
$287.8M
Q3 25
$168.7M
$285.9M
Q2 25
$180.7M
Q1 25
$192.5M
$269.8M
Q4 24
$171.3M
$282.6M
Q3 24
$170.9M
$279.2M
Q2 24
$184.5M
$198.3M
Net Profit
MMLP
MMLP
QNST
QNST
Q1 26
$3.2M
Q4 25
$-2.9M
$50.2M
Q3 25
$-8.4M
$4.5M
Q2 25
$-2.4M
Q1 25
$-1.0M
$4.4M
Q4 24
$-8.9M
$-1.5M
Q3 24
$-3.3M
$-1.4M
Q2 24
$3.8M
$-2.2M
Gross Margin
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
57.1%
9.6%
Q3 25
55.1%
9.4%
Q2 25
56.5%
Q1 25
53.5%
10.3%
Q4 24
58.2%
9.5%
Q3 24
58.5%
10.2%
Q2 24
58.4%
8.8%
Operating Margin
MMLP
MMLP
QNST
QNST
Q1 26
4.1%
Q4 25
7.3%
0.4%
Q3 25
4.1%
1.7%
Q2 25
8.2%
Q1 25
7.5%
1.8%
Q4 24
4.0%
-0.5%
Q3 24
7.4%
-0.4%
Q2 24
10.8%
-0.7%
Net Margin
MMLP
MMLP
QNST
QNST
Q1 26
1.7%
Q4 25
-1.7%
17.4%
Q3 25
-5.0%
1.6%
Q2 25
-1.3%
Q1 25
-0.5%
1.6%
Q4 24
-5.2%
-0.5%
Q3 24
-1.9%
-0.5%
Q2 24
2.0%
-1.1%
EPS (diluted)
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
$0.87
Q3 25
$0.08
Q2 25
Q1 25
$0.08
Q4 24
$-0.03
Q3 24
$-0.02
Q2 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
MMLP
MMLP
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$294.4M
Total Assets
$537.1M
$493.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
$107.0M
Q3 25
$101.3M
Q2 25
Q1 25
$81.8M
Q4 24
$57.8M
Q3 24
$25.0M
Q2 24
$50.5M
Total Debt
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
$294.4M
Q3 25
$246.7M
Q2 25
Q1 25
$235.5M
Q4 24
$224.3M
Q3 24
$219.8M
Q2 24
$216.8M
Total Assets
MMLP
MMLP
QNST
QNST
Q1 26
$537.1M
Q4 25
$522.4M
$493.0M
Q3 25
$510.1M
$442.6M
Q2 25
$515.6M
Q1 25
$533.4M
$417.2M
Q4 24
$538.5M
$409.6M
Q3 24
$554.8M
$401.2M
Q2 24
$535.1M
$368.5M

Cash Flow & Capital Efficiency

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

Metric
MMLP
MMLP
QNST
QNST
Operating Cash FlowLast quarter
$21.6M
Free Cash FlowOCF − Capex
$-6.0M
$20.7M
FCF MarginFCF / Revenue
-3.2%
7.2%
Capex IntensityCapex / Revenue
1.6%
0.3%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$27.2M
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
$22.4M
$21.6M
Q3 25
$-1.2M
$19.6M
Q2 25
$30.9M
Q1 25
$-6.0M
$30.1M
Q4 24
$42.2M
$38.7M
Q3 24
$-15.8M
$-13.7M
Q2 24
$11.8M
$16.6M
Free Cash Flow
MMLP
MMLP
QNST
QNST
Q1 26
$-6.0M
Q4 25
$15.6M
$20.7M
Q3 25
$-7.9M
$18.4M
Q2 25
$25.6M
Q1 25
$-11.9M
$29.5M
Q4 24
$34.2M
$38.2M
Q3 24
$-25.6M
$-14.1M
Q2 24
$-696.0K
$15.4M
FCF Margin
MMLP
MMLP
QNST
QNST
Q1 26
-3.2%
Q4 25
8.9%
7.2%
Q3 25
-4.7%
6.4%
Q2 25
14.2%
Q1 25
-6.2%
10.9%
Q4 24
20.0%
13.5%
Q3 24
-15.0%
-5.1%
Q2 24
-0.4%
7.8%
Capex Intensity
MMLP
MMLP
QNST
QNST
Q1 26
1.6%
Q4 25
3.9%
0.3%
Q3 25
4.0%
0.4%
Q2 25
3.0%
Q1 25
3.1%
0.2%
Q4 24
4.6%
0.2%
Q3 24
5.8%
0.2%
Q2 24
6.8%
0.6%
Cash Conversion
MMLP
MMLP
QNST
QNST
Q1 26
Q4 25
0.43×
Q3 25
4.32×
Q2 25
Q1 25
6.82×
Q4 24
Q3 24
Q2 24
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

QNST
QNST

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

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