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Side-by-side financial comparison of QUINSTREET, INC (QNST) and Texas Pacific Land Corporation (TPL). Click either name above to swap in a different company.

QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $211.6M, roughly 1.4× Texas Pacific Land Corporation). Texas Pacific Land Corporation runs the higher net margin — 58.3% vs 17.4%, a 40.8% gap on every dollar of revenue. On growth, Texas Pacific Land Corporation posted the faster year-over-year revenue change (13.9% vs 1.9%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 10.2%).

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.

The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.

QNST vs TPL — Head-to-Head

Bigger by revenue
QNST
QNST
1.4× larger
QNST
$287.8M
$211.6M
TPL
Growing faster (revenue YoY)
TPL
TPL
+12.0% gap
TPL
13.9%
1.9%
QNST
Higher net margin
TPL
TPL
40.8% more per $
TPL
58.3%
17.4%
QNST
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
10.2%
TPL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
QNST
QNST
TPL
TPL
Revenue
$287.8M
$211.6M
Net Profit
$50.2M
$123.3M
Gross Margin
9.6%
Operating Margin
0.4%
70.5%
Net Margin
17.4%
58.3%
Revenue YoY
1.9%
13.9%
Net Profit YoY
3342.5%
4.2%
EPS (diluted)
$0.87
$-8.59

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
QNST
QNST
TPL
TPL
Q4 25
$287.8M
$211.6M
Q3 25
$285.9M
$203.1M
Q2 25
$187.5M
Q1 25
$269.8M
$196.0M
Q4 24
$282.6M
$185.8M
Q3 24
$279.2M
$173.6M
Q2 24
$198.3M
$172.3M
Q1 24
$168.6M
$174.1M
Net Profit
QNST
QNST
TPL
TPL
Q4 25
$50.2M
$123.3M
Q3 25
$4.5M
$121.2M
Q2 25
$116.1M
Q1 25
$4.4M
$120.7M
Q4 24
$-1.5M
$118.4M
Q3 24
$-1.4M
$106.6M
Q2 24
$-2.2M
$114.6M
Q1 24
$-7.0M
$114.4M
Gross Margin
QNST
QNST
TPL
TPL
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
QNST
QNST
TPL
TPL
Q4 25
0.4%
70.5%
Q3 25
1.7%
73.4%
Q2 25
76.6%
Q1 25
1.8%
76.6%
Q4 24
-0.5%
76.7%
Q3 24
-0.4%
73.4%
Q2 24
-0.7%
77.3%
Q1 24
-3.2%
78.1%
Net Margin
QNST
QNST
TPL
TPL
Q4 25
17.4%
58.3%
Q3 25
1.6%
59.7%
Q2 25
61.9%
Q1 25
1.6%
61.6%
Q4 24
-0.5%
63.7%
Q3 24
-0.5%
61.4%
Q2 24
-1.1%
66.5%
Q1 24
-4.2%
65.7%
EPS (diluted)
QNST
QNST
TPL
TPL
Q4 25
$0.87
$-8.59
Q3 25
$0.08
$5.27
Q2 25
$5.05
Q1 25
$0.08
$5.24
Q4 24
$-0.03
$5.14
Q3 24
$-0.02
$4.63
Q2 24
$-0.04
$4.98
Q1 24
$-0.13
$4.97

Balance Sheet & Financial Strength

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

Metric
QNST
QNST
TPL
TPL
Cash + ST InvestmentsLiquidity on hand
$107.0M
$144.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$294.4M
$1.5B
Total Assets
$493.0M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QNST
QNST
TPL
TPL
Q4 25
$107.0M
$144.8M
Q3 25
$101.3M
$531.8M
Q2 25
$543.9M
Q1 25
$81.8M
$460.4M
Q4 24
$57.8M
$369.8M
Q3 24
$25.0M
$533.9M
Q2 24
$50.5M
$894.7M
Q1 24
$39.6M
$837.1M
Stockholders' Equity
QNST
QNST
TPL
TPL
Q4 25
$294.4M
$1.5B
Q3 25
$246.7M
$1.4B
Q2 25
$1.3B
Q1 25
$235.5M
$1.2B
Q4 24
$224.3M
$1.1B
Q3 24
$219.8M
$1.1B
Q2 24
$216.8M
$1.2B
Q1 24
$215.0M
$1.1B
Total Assets
QNST
QNST
TPL
TPL
Q4 25
$493.0M
$1.6B
Q3 25
$442.6M
$1.5B
Q2 25
$1.4B
Q1 25
$417.2M
$1.4B
Q4 24
$409.6M
$1.2B
Q3 24
$401.2M
$1.2B
Q2 24
$368.5M
$1.3B
Q1 24
$349.3M
$1.3B

Cash Flow & Capital Efficiency

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

Metric
QNST
QNST
TPL
TPL
Operating Cash FlowLast quarter
$21.6M
$113.7M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.43×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QNST
QNST
TPL
TPL
Q4 25
$21.6M
$113.7M
Q3 25
$19.6M
$154.6M
Q2 25
$120.9M
Q1 25
$30.1M
$156.7M
Q4 24
$38.7M
$126.6M
Q3 24
$-13.7M
$118.6M
Q2 24
$16.6M
$98.3M
Q1 24
$4.1M
$147.2M
Free Cash Flow
QNST
QNST
TPL
TPL
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
QNST
QNST
TPL
TPL
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
QNST
QNST
TPL
TPL
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
QNST
QNST
TPL
TPL
Q4 25
0.43×
0.92×
Q3 25
4.32×
1.28×
Q2 25
1.04×
Q1 25
6.82×
1.30×
Q4 24
1.07×
Q3 24
1.11×
Q2 24
0.86×
Q1 24
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

QNST
QNST

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

TPL
TPL

Water Serviceand Operations Segment$98.2M46%
Water Sales And Royalties$60.7M29%
Produced Water Royalties$33.5M16%
Easementand Sundry$20.6M10%

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