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Side-by-side financial comparison of Millrose Properties, Inc. (MRP) 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 $194.9M, roughly 1.5× Millrose Properties, Inc.). Millrose Properties, Inc. runs the higher net margin — 63.0% vs 17.4%, a 45.6% gap on every dollar of revenue. On growth, Millrose Properties, Inc. posted the faster year-over-year revenue change (135.7% vs 1.9%).

Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.

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.

MRP vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.5× larger
QNST
$287.8M
$194.9M
MRP
Growing faster (revenue YoY)
MRP
MRP
+133.9% gap
MRP
135.7%
1.9%
QNST
Higher net margin
MRP
MRP
45.6% more per $
MRP
63.0%
17.4%
QNST

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MRP
MRP
QNST
QNST
Revenue
$194.9M
$287.8M
Net Profit
$122.9M
$50.2M
Gross Margin
9.6%
Operating Margin
85.2%
0.4%
Net Margin
63.0%
17.4%
Revenue YoY
135.7%
1.9%
Net Profit YoY
208.7%
3342.5%
EPS (diluted)
$0.74
$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
MRP
MRP
QNST
QNST
Q1 26
$194.9M
Q4 25
$189.5M
$287.8M
Q3 25
$179.3M
$285.9M
Q2 25
$149.0M
Q1 25
$82.7M
$269.8M
Q4 24
$282.6M
Q3 24
$279.2M
Q2 24
$198.3M
Net Profit
MRP
MRP
QNST
QNST
Q1 26
$122.9M
Q4 25
$122.2M
$50.2M
Q3 25
$105.1M
$4.5M
Q2 25
$112.8M
Q1 25
$39.8M
$4.4M
Q4 24
$-1.5M
Q3 24
$-1.4M
Q2 24
$-2.2M
Gross Margin
MRP
MRP
QNST
QNST
Q1 26
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%
Operating Margin
MRP
MRP
QNST
QNST
Q1 26
85.2%
Q4 25
84.8%
0.4%
Q3 25
85.3%
1.7%
Q2 25
85.1%
Q1 25
55.2%
1.8%
Q4 24
-0.5%
Q3 24
-0.4%
Q2 24
-0.7%
Net Margin
MRP
MRP
QNST
QNST
Q1 26
63.0%
Q4 25
64.5%
17.4%
Q3 25
58.6%
1.6%
Q2 25
75.7%
Q1 25
48.1%
1.6%
Q4 24
-0.5%
Q3 24
-0.5%
Q2 24
-1.1%
EPS (diluted)
MRP
MRP
QNST
QNST
Q1 26
$0.74
Q4 25
$0.74
$0.87
Q3 25
$0.63
$0.08
Q2 25
$0.68
Q1 25
$0.39
$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
MRP
MRP
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$294.4M
Total Assets
$9.6B
$493.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRP
MRP
QNST
QNST
Q1 26
Q4 25
$35.0M
$107.0M
Q3 25
$242.6M
$101.3M
Q2 25
$66.6M
Q1 25
$89.5M
$81.8M
Q4 24
$57.8M
Q3 24
$25.0M
Q2 24
$50.5M
Stockholders' Equity
MRP
MRP
QNST
QNST
Q1 26
$5.9B
Q4 25
$5.9B
$294.4M
Q3 25
$5.9B
$246.7M
Q2 25
$5.9B
Q1 25
$5.9B
$235.5M
Q4 24
$224.3M
Q3 24
$219.8M
Q2 24
$216.8M
Total Assets
MRP
MRP
QNST
QNST
Q1 26
$9.6B
Q4 25
$9.3B
$493.0M
Q3 25
$9.0B
$442.6M
Q2 25
$8.0B
Q1 25
$7.2B
$417.2M
Q4 24
$409.6M
Q3 24
$401.2M
Q2 24
$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
MRP
MRP
QNST
QNST
Operating Cash FlowLast quarter
$21.6M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRP
MRP
QNST
QNST
Q1 26
Q4 25
$3.7B
$21.6M
Q3 25
$123.1M
$19.6M
Q2 25
$109.1M
Q1 25
$21.3M
$30.1M
Q4 24
$38.7M
Q3 24
$-13.7M
Q2 24
$16.6M
Free Cash Flow
MRP
MRP
QNST
QNST
Q1 26
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
FCF Margin
MRP
MRP
QNST
QNST
Q1 26
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%
Capex Intensity
MRP
MRP
QNST
QNST
Q1 26
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%
Cash Conversion
MRP
MRP
QNST
QNST
Q1 26
Q4 25
30.05×
0.43×
Q3 25
1.17×
4.32×
Q2 25
0.97×
Q1 25
0.53×
6.82×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRP
MRP

Option fee revenues$185.3M95%
Development loan income$9.6M5%

QNST
QNST

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

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