MAX vs DV vs QNST Stock Comparison

MediaAlpha, DoubleVerify Holdings and Quinstreet Prices as of Nov 2, 2026 Peers: Industry group
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MAX MediaAlpha, Inc.
$14.79 +54.1% 1M +16.0% 1Y
Market cap
$843.53M
P/E
7.8x
Revenue (TTM)
$1.29B
Div. yield
–
Digital Advertising Technology
3 wins
QNST Quinstreet, Inc
$17.56 +17.3% 1M +18.7% 1Y
Market cap
$1.11B
P/E
13.6x
Revenue (TTM)
$1.29B
Div. yield
–
Digital Advertising Technology
5 wins

Head to Head

11 decided of 12

Quinstreet leads on 5 of the 12 questions below (Quinstreet 5, DoubleVerify Holdings 3, MediaAlpha 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMAXDVQNSTLeader
Larger companyMarket capitalisation $843.53M $2.09B $1.11B DV
Cheaper on earningsLower P/E, profitable companies only 7.8x 32.3x 13.6x MAX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.4x 30.8x 10.8x QNST
Faster revenue growthRevenue growth, trailing twelve months +15.2% +7.2% +18.3% QNST
More profitableNet margin, trailing twelve months 8.4% 8.2% 6.3% MAX
Better return on capitalReturn on invested capital 47.0% — 9.2% MAX
Less leveragedLower net debt / EBITDA 1.6x — -1.0x QNST
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +16.0% +19.2% +18.7% DV
Better 5-year returnAnnualised price return, 5 years -2.5%/yr -17.7%/yr +5.5%/yr QNST
Less volatileAnnualised volatility, 1 year 57.0% 44.0% 57.5% DV
Higher overall scoreMean of the five percentile scores vs peers 56/100 68/100 70/100 QNST

Percentile Scorecard

MAXDVQNST

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMAXDVQNST
Valuation 65 #59 of 165 59 #68 of 165 76 #40 of 165
Growth 93 #11 of 153 52 #74 of 153 99 #3 of 153
Profitability 69 #48 of 153 75 #39 of 153 63 #57 of 153
Financial Health 30 #125 of 179 90 #18 of 179 60 #72 of 179
Shareholder Returns 24 #72 of 94 62 #36 of 94 50 #48 of 94
Overall 56 68 70
  • MAX ranked among 185 companies in Internet Platforms
  • DV ranked among 185 companies in Internet Platforms
  • QNST ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMAXDVQNSTSPY
1 month +54.1%+0.6%+17.3% -2.3%
3 months +16.0%+15.3%+12.5% -0.7%
6 months +66.4%+18.9%+37.8% +4.8%
Year to date +14.2%+18.5%+22.2% +10.3%
1 year +16.0%+19.2%+18.7% +10.3%
3 years +51.4%-53.8%+59.5% +73.0%
3 years, per year +14.8%-22.7%+16.8% +20.1%
5 years -12.1%-62.2%+30.7% +61.9%
5 years, per year -2.5%-17.7%+5.5% +10.1%
10 years ——+493.2% +258.6%
10 years, per year ——+19.5% +13.6%

Risk

MeasureMAXDVQNSTSPY
Volatility, 1Y 57.0%44.0%57.5% 12.8%
Downside volatility, 1Y 55.4%47.5%51.4% 12.8%
Beta vs S&P 500, 1Y 0.320.540.72 1.00
Return / volatility, 1Y 0.280.440.33 0.80
Max drawdown, 5Y -71.0%-79.7%-62.8% -25.4%
From 52-week high 0.0%0.0%-20.3% -3.5%
52-week high $14.79$13.56$22.02 $779.14
52-week low $7.17$8.61$10.56 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMAXDVQNST
P/E now vs peer median 7.3xmedian 17.3x 32.3xmedian 17.3x 12.4xmedian 17.3x
P/S now vs peer median 0.6xmedian 1.4x 2.7xmedian 1.4x 0.8xmedian 1.4x
EV/EBITDA now vs peer median 9.7xmedian 14.5x 10.9xmedian 14.5x 15.4xmedian 14.5x
P/FCF now vs peer median 14.4xmedian 10.8x 12.6xmedian 10.8x 7.8xmedian 10.8x
P/B now vs peer median 15.2xmedian 1.7x 1.9xmedian 1.7x 3.1xmedian 1.7x
PEG now vs peer median 0.15median 0.40 4.02median 0.40 0.27median 0.40

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMAXDVQNST
Revenue $1.29B $785.84M $1.29B
Gross profit $192.01M $645.71M $145.81M
Operating income $93.48M $104.79M $35.43M
Net income $119.17M $64.59M $81.24M
Free cash flow $54.20M $167.18M $127.91M
R&D $23.04M $177.88M $37.30M
EPS (diluted) $1.72 $0.41 $1.40
Cash & equivalents $18.68M $250.85M $128.32M
Total debt $174.92M – $70.00M
Shares (diluted) 62.83M 157.89M 58.16M
Enterprise value $728.18M $1.20B $669.19M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMAXDVQNST
P/E 7.3x 32.3x 12.4x
P/FCF 14.4x 12.6x 7.8x
P/Operating cash flow 14.1x 10.0x 7.6x
P/S 0.6x 2.7x 0.8x
P/B 15.2x 1.9x 3.1x
P/Tangible book 15.8x 2.0x 3.9x
EV/EBITDA 9.7x 10.9x 15.4x
EV/EBIT 10.0x 17.7x 26.4x
EV/Revenue 0.7x 2.4x 0.7x
EV/FCF 17.3x 11.1x 7.3x
EV/Operating cash flow 16.9x 8.8x 7.1x
PEG (3Y EPS CAGR) 0.15 4.02 0.27

Growth

14 metrics
MetricMAXDVQNST
Revenue growth (1Y) 15.2% 7.2% 18.3%
Revenue CAGR (3Y) 48.5% 13.7% 30.6%
Gross profit growth (1Y) 11.8% 7.4% 31.5%
Gross profit CAGR (3Y) 43.8% 14.1% 44.3%
Operating income growth (1Y) 417.7% 30.7% 472.0%
Operating income CAGR (3Y) 58.6% 11.0% 54.7%
Net income growth (1Y) 154,671% 44.4% 1,626%
Net income CAGR (3Y) 51.3% 4.6% 47.0%
EPS growth (1Y) 8,620% 52.3% 1,630%
EPS CAGR (3Y) 47.7% 8.0% 45.7%
Operating cash flow growth (1Y) -37.0% 18.9% 54.5%
Operating cash flow CAGR (3Y) 88.4% 26.1% 123.0%
Free cash flow growth (1Y) -37.9% 19.0% 54.3%
Free cash flow CAGR (3Y) 87.7% 28.1% 144.3%

Profitability

14 metrics
MetricMAXDVQNST
Gross margin 14.8% 82.2% 11.3%
EBITDA margin 7.4% 21.6% 4.7%
Operating margin 7.2% 13.3% 2.7%
Pretax margin 0.7% 12.9% 2.4%
Net margin 8.4% 8.2% 6.3%
FCF margin 4.2% 21.3% 9.9%
Operating cash flow margin 4.3% 26.6% 10.1%
Return on equity 513.9% 5.8% 25.6%
Return on assets 32.6% 4.9% 11.4%
Return on invested capital 47.0% – 9.2%
Return on capital employed 42.4% 8.6% 7.8%
Asset turnover 3.5x 0.6x 1.8x
Cash conversion (OCF / net income) 0.5x 3.2x 1.6x
Stock comp / revenue 2.4% 12.8% 2.9%

Financial Health

11 metrics
MetricMAXDVQNST
Debt / assets 47.0% – 9.7%
Debt / equity 3.4x – 0.2x
Net debt / EBITDA 1.6x – -1.0x
Debt / FCF 3.2x – 0.5x
Liabilities / assets 86.2% 16.0% 55.2%
Equity / assets 13.8% 84.0% 44.8%
Interest coverage 8.8x 53.9x 8.1x
Current ratio 1.3x 4.7x 1.2x
Quick ratio 1.3x 4.9x 1.2x
Cash ratio 0.1x 2.3x 0.5x
Altman Z-score 4.39 7.38 3.46

Shareholder Returns

7 metrics
MetricMAXDVQNST
Dividend yield – – –
Net buyback yield -0.2% 4.6% 3.2%
Shareholder yield -0.2% 4.6% 3.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMAXDVQNST
Forward P/E 11.4xFY2026 30.8xFY2026 10.8xFY2027
EPS, next fiscal year $1.33FY2026 $0.44FY2026 $1.70FY2027
EPS growth, next FY +241.0%FY2026 +46.7%FY2026 +33.9%FY2027
EPS growth, the year after -7.5% +36.4% +3.5%
Revenue, next fiscal year $1.26BFY2026 $841.13MFY2026 $1.46BFY2027
Revenue growth, next FY +13.6%FY2026 +12.4%FY2026 +13.4%FY2027
Revenue growth, the year after +17.4% +0.8% +14.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMAXDVQNST
Held by institutions 91.8% 100.0% 92.6%
Institutions holding 155 317 214
Change in shares held, QoQ -0.3% +1.2% +0.0%
Institutions buying 69 167 113
Institutions selling 66 114 69
Buyers to sellers 1.05 1.46 1.64

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MAXDVQNST
MAX 1.00 0.33 0.61
DV 0.33 1.00 0.49
QNST 0.61 0.49 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MAX, DV and QNST?

DoubleVerify Holdings (DV) is the largest by market capitalisation: MediaAlpha (MAX) $843.53M, DoubleVerify Holdings (DV) $2.09B, Quinstreet (QNST) $1.11B.

Which stock is cheaper, MAX, DV and QNST?

MediaAlpha (MAX) trades on the lowest price-to-earnings ratio (MediaAlpha (MAX) 7.8x, DoubleVerify Holdings (DV) 32.3x, Quinstreet (QNST) 13.6x). On next year's consensus earnings, Quinstreet (QNST) is cheapest (MediaAlpha (MAX) 11.4x, DoubleVerify Holdings (DV) 30.8x, Quinstreet (QNST) 10.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Quinstreet (QNST) grew revenue fastest over the trailing twelve months: MediaAlpha (MAX) +15.2%, DoubleVerify Holdings (DV) +7.2%, Quinstreet (QNST) +18.3%.

Which company is more profitable?

MediaAlpha (MAX) has the highest net margin (MediaAlpha (MAX) 8.4%, DoubleVerify Holdings (DV) 8.2%, Quinstreet (QNST) 6.3%). On return on invested capital, MediaAlpha (MAX) leads (MediaAlpha (MAX) 47.0%, Quinstreet (QNST) 9.2%).

Which stock has performed better?

Over the past year DoubleVerify Holdings (DV) returned the most: MediaAlpha (MAX) +16.0%, DoubleVerify Holdings (DV) +19.2%, Quinstreet (QNST) +18.7%. Over five years, Quinstreet (QNST) compounded fastest (MediaAlpha (MAX) -2.5%/yr, DoubleVerify Holdings (DV) -17.7%/yr, Quinstreet (QNST) +5.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, DoubleVerify Holdings (DV) has been the steadiest (MediaAlpha (MAX) 57.0%, DoubleVerify Holdings (DV) 44.0%, Quinstreet (QNST) 57.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MAX, DV and QNST?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Quinstreet (QNST) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.