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Side-by-side financial comparison of QUINSTREET, INC (QNST) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $287.8M, roughly 1.2× QUINSTREET, INC). QUINSTREET, INC runs the higher net margin — 17.4% vs -12.9%, a 30.4% gap on every dollar of revenue. On growth, QUINSTREET, INC posted the faster year-over-year revenue change (1.9% vs -0.4%). QUINSTREET, INC produced more free cash flow last quarter ($20.7M vs $-680.1M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 22.1%).

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.

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

QNST vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.2× larger
WD
$340.0M
$287.8M
QNST
Growing faster (revenue YoY)
QNST
QNST
+2.3% gap
QNST
1.9%
-0.4%
WD
Higher net margin
QNST
QNST
30.4% more per $
QNST
17.4%
-12.9%
WD
More free cash flow
QNST
QNST
$700.8M more FCF
QNST
$20.7M
$-680.1M
WD
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
22.1%
WD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
QNST
QNST
WD
WD
Revenue
$287.8M
$340.0M
Net Profit
$50.2M
$-13.9M
Gross Margin
9.6%
Operating Margin
0.4%
-17.2%
Net Margin
17.4%
-12.9%
Revenue YoY
1.9%
-0.4%
Net Profit YoY
3342.5%
-131.0%
EPS (diluted)
$0.87
$-0.41

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
WD
WD
Q4 25
$287.8M
$340.0M
Q3 25
$285.9M
$337.7M
Q2 25
$319.2M
Q1 25
$269.8M
$237.4M
Q4 24
$282.6M
$341.5M
Q3 24
$279.2M
$292.3M
Q2 24
$198.3M
$270.7M
Q1 24
$168.6M
$228.1M
Net Profit
QNST
QNST
WD
WD
Q4 25
$50.2M
$-13.9M
Q3 25
$4.5M
$33.5M
Q2 25
$34.0M
Q1 25
$4.4M
$2.8M
Q4 24
$-1.5M
$44.8M
Q3 24
$-1.4M
$28.8M
Q2 24
$-2.2M
$22.7M
Q1 24
$-7.0M
$11.9M
Gross Margin
QNST
QNST
WD
WD
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
WD
WD
Q4 25
0.4%
-17.2%
Q3 25
1.7%
13.6%
Q2 25
14.5%
Q1 25
1.8%
2.2%
Q4 24
-0.5%
15.3%
Q3 24
-0.4%
12.8%
Q2 24
-0.7%
10.4%
Q1 24
-3.2%
6.0%
Net Margin
QNST
QNST
WD
WD
Q4 25
17.4%
-12.9%
Q3 25
1.6%
9.9%
Q2 25
10.6%
Q1 25
1.6%
1.2%
Q4 24
-0.5%
13.1%
Q3 24
-0.5%
9.9%
Q2 24
-1.1%
8.4%
Q1 24
-4.2%
5.2%
EPS (diluted)
QNST
QNST
WD
WD
Q4 25
$0.87
$-0.41
Q3 25
$0.08
$0.98
Q2 25
$0.99
Q1 25
$0.08
$0.08
Q4 24
$-0.03
$1.32
Q3 24
$-0.02
$0.85
Q2 24
$-0.04
$0.67
Q1 24
$-0.13
$0.35

Balance Sheet & Financial Strength

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

Metric
QNST
QNST
WD
WD
Cash + ST InvestmentsLiquidity on hand
$107.0M
$299.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$294.4M
$1.7B
Total Assets
$493.0M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QNST
QNST
WD
WD
Q4 25
$107.0M
$299.3M
Q3 25
$101.3M
$274.8M
Q2 25
$233.7M
Q1 25
$81.8M
$181.0M
Q4 24
$57.8M
$279.3M
Q3 24
$25.0M
$179.8M
Q2 24
$50.5M
$208.1M
Q1 24
$39.6M
$216.5M
Stockholders' Equity
QNST
QNST
WD
WD
Q4 25
$294.4M
$1.7B
Q3 25
$246.7M
$1.8B
Q2 25
$1.8B
Q1 25
$235.5M
$1.7B
Q4 24
$224.3M
$1.7B
Q3 24
$219.8M
$1.7B
Q2 24
$216.8M
$1.7B
Q1 24
$215.0M
$1.7B
Total Assets
QNST
QNST
WD
WD
Q4 25
$493.0M
$5.1B
Q3 25
$442.6M
$5.8B
Q2 25
$4.7B
Q1 25
$417.2M
$4.5B
Q4 24
$409.6M
$4.4B
Q3 24
$401.2M
$4.6B
Q2 24
$368.5M
$4.2B
Q1 24
$349.3M
$3.8B

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
WD
WD
Operating Cash FlowLast quarter
$21.6M
$-664.3M
Free Cash FlowOCF − Capex
$20.7M
$-680.1M
FCF MarginFCF / Revenue
7.2%
-200.0%
Capex IntensityCapex / Revenue
0.3%
4.6%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QNST
QNST
WD
WD
Q4 25
$21.6M
$-664.3M
Q3 25
$19.6M
$-948.1M
Q2 25
$-238.5M
Q1 25
$30.1M
$-281.1M
Q4 24
$38.7M
$129.4M
Q3 24
$-13.7M
$-202.0M
Q2 24
$16.6M
$-237.8M
Q1 24
$4.1M
$38.4M
Free Cash Flow
QNST
QNST
WD
WD
Q4 25
$20.7M
$-680.1M
Q3 25
$18.4M
$-950.4M
Q2 25
$-241.0M
Q1 25
$29.5M
$-284.7M
Q4 24
$38.2M
$116.4M
Q3 24
$-14.1M
$-204.0M
Q2 24
$15.4M
$-241.7M
Q1 24
$2.9M
$35.2M
FCF Margin
QNST
QNST
WD
WD
Q4 25
7.2%
-200.0%
Q3 25
6.4%
-281.5%
Q2 25
-75.5%
Q1 25
10.9%
-120.0%
Q4 24
13.5%
34.1%
Q3 24
-5.1%
-69.8%
Q2 24
7.8%
-89.3%
Q1 24
1.7%
15.4%
Capex Intensity
QNST
QNST
WD
WD
Q4 25
0.3%
4.6%
Q3 25
0.4%
0.7%
Q2 25
0.8%
Q1 25
0.2%
1.5%
Q4 24
0.2%
3.8%
Q3 24
0.2%
0.7%
Q2 24
0.6%
1.4%
Q1 24
0.7%
1.4%
Cash Conversion
QNST
QNST
WD
WD
Q4 25
0.43×
Q3 25
4.32×
-28.34×
Q2 25
-7.02×
Q1 25
6.82×
-102.07×
Q4 24
2.89×
Q3 24
-7.01×
Q2 24
-10.49×
Q1 24
3.24×

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%

WD
WD

Segment breakdown not available.

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