Mastech Digital Inc. (MHH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.13	$0.08	-38.5%	—	$41.4M	—
Q1 26	$0.17	$0.11	-35.3%	—	$41.1M	—
Q4 25	$0.21	$0.21	0.0%	—	$45.5M	—
Q3 25	$0.17	$0.29	+70.6%	—	$48.5M	—
Q2 25	$0.12	$0.15	+25.0%	—	$49.1M	—
Q1 25	$0.1	$0.06	-40.0%	—	$48.3M	—
Q4 24	$0.18	$0.23	+27.8%	—	$50.7M	—
Q3 24	$0.13	$0.23	+76.9%	—	$51.8M	—
Q2 24	$0.08	$0.19	+137.5%	—	$49.5M	—
Q1 24	$0.12	$0.06	-50.0%	—	$46.8M	—
Q4 23	$0.09	$0.11	+22.2%	—	$46.1M	—
Q3 23	$0.13	$0.11	-15.4%	—	$47.8M	—
Q2 23	$0.15	$0.11	-26.7%	—	$52.2M	—
Q1 23	$0.23	$0.12	-47.8%	—	$55.1M	—
Q4 22	$0.32	$0.23	-28.1%	—	$57.2M	—
Q3 22	$0.38	$0.33	-13.2%	—	$63.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.05	—	—	$191.4M	—
FY24	—	$0.29	—	—	$198.9M	—
FY23	—	-$0.61	—	—	$201.1M	—
FY22	—	$0.75	—	—	$242.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$132M	$147.9M	$177.2M	$193.6M	$194.1M	$222M	$242.2M	$201.1M	$198.9M	$191.4M
YoY change	+6.92%	+12%	+19.8%	+9.26%	+0.27%	+14.4%	+9.11%	-17%	-1.07%	-3.81%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	132M	147.9M	177.2M	193.6M	194.1M	222M	242.2M	201.1M	198.9M	191.4M
Cost of revenue	105.7M	116.3M	134.6M	145.6M	142.6M	162.6M	179.1M	150.1M	143.3M	138.3M
Gross profit	26.3M	31.6M	42.5M	48M	51.5M	59.4M	63.2M	51M	55.6M	53.1M
Gross margin	19.9%	21.4%	24%	24.8%	26.6%	26.8%	26.1%	25.4%	27.9%	27.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	21.8M	27.5M	32.2M	—	—	—	—	—	—	—
Operating expenses	21.8M	55.1M	64.4M	37.1M	38.1M	44.7M	51M	51.9M	51.8M	53.1M
Operating income	4.5M	4.1M	10.3M	10.9M	13.4M	14.7M	12.2M	-875K	3.8M	1K
Operating margin	3.41%	2.76%	5.82%	5.64%	6.91%	6.63%	5.04%	-0.44%	1.91%	0%
Non-operating income, net	-25K	-2K	1.3M	6.1M	96K	2.8M	650K	-8.5M	27K	217K
Pretax income	4M	2.9M	9.4M	15.2M	12.6M	16.9M	12.5M	-9M	4.4M	1.1M
Income tax	1.5M	1.3M	2.7M	4.1M	2.8M	4.7M	3.8M	-1.9M	1M	453K
Net income	2.5M	1.6M	6.7M	11.1M	9.9M	12.2M	8.7M	-7.1M	3.4M	609K
Net margin	1.91%	1.1%	3.78%	5.76%	5.08%	5.5%	3.6%	-3.55%	1.71%	0.32%
EBITDA	5.5M	6M	12.2M	8.3M	17M	15.8M	16.4M	11.4M	7.3M	3.3M
EPS	0.28	0.17	0.61	1.01	0.87	1.07	0.75	-0.61	0.29	0.05
Diluted EPS	0.28	0.17	0.6	0.99	0.83	1.02	0.72	-0.61	0.28	0.05

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	47.8M	46.1M	46.8M	49.5M	51.8M	50.7M	48.3M	49.1M	48.5M	45.5M	41.1M	41.4M
Cost of revenue	35.2M	34.7M	34.7M	35.6M	37.1M	36M	35.4M	35.3M	35M	32.6M	30.1M	29.4M
Gross profit	12.6M	11.3M	12.1M	14M	14.8M	14.7M	12.9M	13.8M	13.5M	12.9M	11M	12M
Gross margin	26.3%	24.6%	25.9%	28.2%	28.5%	29%	26.7%	28.1%	27.8%	28.3%	26.8%	29%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	0	—	12.5M	—	—	—	14.7M	13.8M	12.6M	—	11M	12.3M
Operating expenses	12.6M	13M	12.5M	12.3M	12.3M	14.7M	14.7M	13.8M	12.6M	—	11M	12.3M
Operating income	-49K	-1.6M	-406K	1.7M	2.4M	65K	-1.9M	27K	820K	1M	51K	-325K
Operating margin	-0.1%	-3.54%	-0.87%	3.42%	4.7%	0.13%	-3.84%	0.05%	1.69%	2.22%	0.12%	-0.78%
Non-operating income, net	55K	-5.3M	-30K	-14K	-30K	101K	-24K	-7K	149K	99K	318K	63K
Pretax income	154K	-6.9M	-282K	1.8M	2.6M	325K	-1.8M	210K	1.2M	1.4M	657K	-2K
Income tax	29K	-1.5M	-121K	418K	697K	28K	-323K	75K	294K	407K	393K	98K
Net income	125K	-5.4M	-161K	1.4M	1.9M	297K	-1.4M	135K	941K	972K	264K	-100K
Net margin	0.26%	-11.6%	-0.34%	2.81%	3.62%	0.59%	-2.98%	0.27%	1.94%	2.14%	0.64%	-0.24%
EBITDA	813K	4.6M	492K	2.6M	3.3M	820K	-1M	868K	1.5M	1.9M	854K	418K
EPS	0.01	-0.46	-0.01	0.12	0.16	0.03	-0.12	0.01	0.08	0.08	0.02	-0.01
Diluted EPS	0.01	-0.46	-0.01	0.12	0.16	0.02	-0.12	0.01	0.08	0.08	0.02	-0.01

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	29.9M	—	—	122.1M	179.5M	195.2M	127.6M	97.9M	173.9M	82M	87.2M
Enterprise value	39M	—	—	149.1M	192.5M	206.9M	125.4M	81.8M	149.9M	47.9M	54.8M
Shares outstanding	8.8M	9.9M	10.9M	11M	11.3M	11.4M	11.6M	11.6M	11.7M	11.7M	11.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	11.9	—	—	11	18.2	16	14.6	—	51.1	134.6	42.7
P/S	0.23	—	—	0.63	0.92	0.88	0.53	0.49	0.87	0.43	0.49
P/B	1.57	—	—	2.64	3.02	2.62	1.48	1.2	1.99	0.92	0.95
EV/EBITDA	7.05	—	—	18	11.3	13.1	7.65	7.19	20.6	14.4	16.1
EV/Sales	0.3	—	—	0.77	0.99	0.93	0.52	0.41	0.75	0.25	0.31
Earnings yield	8.42%	—	—	9.13%	5.49%	6.26%	6.83%	—	1.96%	0.74%	2.34%
FCF yield	7.31%	—	—	12.3%	11.7%	1.7%	9.23%	16%	3.6%	13.1%	8.55%
PEG	—	—	—	—	—	—	—	—	—	—	-0.21

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	19.9%	21.4%	24%	24.8%	26.6%	26.8%	26.1%	25.4%	27.9%	27.7%	29%
Operating margin	3.41%	2.76%	5.82%	5.64%	6.91%	6.63%	5.04%	-0.44%	1.91%	0%	-0.78%
Net margin	1.91%	1.1%	3.78%	5.76%	5.08%	5.5%	3.6%	-3.55%	1.71%	0.32%	1.18%
ROE	13.2%	5.99%	19.5%	24.1%	16.6%	16.4%	10.1%	-8.76%	3.89%	0.68%	2.31%
ROA	6.39%	1.65%	7.23%	12.3%	9.66%	10.7%	8%	-6.78%	3.05%	0.54%	0.09%
ROIC	10%	3.58%	10.2%	10.9%	14.4%	12.4%	10.1%	-1.34%	4.6%	0%	1.69%
Return on tangible assets	31.8%	-6.77%	-131.1%	-645%	-144.3%	106%	70.8%	-28.8%	9.33%	1.45%	4.94%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.85	1.72	2.27	1.93	1.87	2.01	2.72	2.84	3.22	3.26	4.1
Quick ratio	1.85	1.72	2.27	1.93	1.87	2.01	2.72	2.84	3.22	3.26	4.1
Debt / equity	0.52	1.41	1.13	0.65	0.35	0.25	0.06	0.06	0.04	0.03	0.02
Debt / assets	0.25	0.39	0.42	0.33	0.2	0.16	0.04	0.05	0.03	0.02	0.02
Net debt / EBITDA	1.64	5.92	3.07	3.26	0.77	0.74	-0.13	-1.41	-3.29	-10.3	-7.09
Effective tax rate	37.3%	44.8%	28.9%	26.8%	21.9%	27.6%	30.3%	0%	23.1%	42.7%	36.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	15	14.9	16.2	17.6	17.2	19.4	20.9	17.3	17	16.3	14.9
EPS (basic)	0.28	0.17	0.61	1.01	0.87	1.07	0.75	-0.61	0.29	0.05	0.05
EPS (diluted)	0.28	0.17	0.6	0.99	0.83	1.02	0.72	-0.61	0.28	0.05	0.17
Book value per share	2.17	2.74	3.13	4.2	5.27	6.51	7.42	7.01	7.49	7.6	7.63
FCF per share	0.25	0.22	-0.11	1.37	1.85	0.29	1.02	1.35	0.54	0.92	0.79
Cash per share	0.09	0.25	0.12	0.27	0.68	0.58	0.61	1.82	2.38	3.11	2.96
Capex per share	—	—	—	0	0	0	0	0	—	0.03	0.03

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	0%	0%	0%	0%	0%	—	0.2%	0.19%
Capex / operating cash flow	—	—	—	0%	0%	0.13%	0%	0%	—	3.38%	3.43%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	13.7%

Yield

13.7%

trailing twelve months

Frequency

Annual

Last dividend

$0.25

ex-dividend Dec 5, 2013

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 5, 2013	$0.25
Dec 24, 2012	$0.80

Split history

Date	Ratio
Aug 27, 2018	2:1
Dec 2, 2013	5:4

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$47.8M	$46.1M	$46.8M	$49.5M	$51.8M	$50.7M	$48.3M	$49.1M	$48.5M	$45.5M	$41.1M	$41.4M
YoY change	-24.3%	-19.5%	-15%	-5.11%	+8.5%	+10.2%	+3.19%	-0.88%	-6.45%	-10.4%	-15%	-15.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	829K	2.5M	1.3M	3M	7.7M	6.6M	7.1M	21.1M	27.7M	36.5M
Receivables	17.9M	22.9M	28.9M	22.3M	22M	34.2M	33.6M	22.6M	23.8M	20.6M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	22.7M	34.7M	40.7M	36.9M	41.2M	53.9M	53.2M	56.5M	66.2M	68.6M
Property, plant & equipment	558K	1.9M	2.2M	7.1M	5.3M	7.9M	6.6M	7M	5.8M	4.1M
Goodwill & intangibles	31.5M	122.6M	97.7M	92.3M	108.9M	102.5M	96.6M	80.4M	75M	69.9M
Total assets	39.4M	98.6M	92.6M	90.6M	102M	114.1M	108.9M	105.2M	111.5M	111.8M
Accounts payable	2M	5M	4.1M	4M	2.6M	5M	4.5M	4.7M	4.7M	3.5M
Short-term debt	1.8M	4M	4.6M	6M	5.5M	5.9M	2.6M	1.2M	1.3M	1.3M
Total current liabilities	12.3M	20.1M	17.9M	19.1M	22M	26.8M	19.6M	19.9M	20.6M	21.1M
Long-term debt	8.1M	34.1M	34.1M	24M	15.2M	12.4M	2.3M	3.8M	2.5M	1.1M
Total liabilities	20.3M	71.5M	58.3M	44.3M	42.5M	39.6M	22.9M	23.8M	24.1M	22.5M
Shareholders' equity	19.1M	27.2M	34.3M	46.3M	59.5M	74.4M	86M	81.4M	87.4M	89.3M
Total debt	9.9M	38.2M	38.7M	30M	20.7M	18.3M	4.9M	5.1M	3.8M	2.4M
Net debt	9M	35.7M	37.4M	27M	13M	11.7M	-2.2M	-16.1M	-24M	-34.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	15.9M	21.1M	19.4M	20.6M	23.9M	27.7M	24.7M	27.9M	32.7M	36.5M	33.5M	35.6M
Receivables	24.8M	22.6M	24.4M	24.6M	26.1M	23.8M	23.8M	22.1M	20.6M	20.6M	21.8M	21.8M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	56.2M	56.5M	58.3M	60.6M	65.8M	66.2M	64.5M	65.7M	69.3M	68.6M	66.6M	69.3M
Property, plant & equipment	6.4M	7M	6.8M	6.7M	6.2M	5.8M	5.4M	5M	4.6M	4.1M	3.7M	3.5M
Goodwill & intangibles	92.4M	80.4M	79M	77.7M	76.3M	75M	73.7M	72.4M	71.1M	69.9M	68.7M	67.5M
Total assets	109.5M	105.2M	106.1M	107.5M	111.5M	111.5M	110.1M	110.4M	112.6M	111.8M	108M	109.6M
Accounts payable	4.8M	4.7M	5.5M	5.8M	4.6M	4.7M	3.7M	3.6M	3.4M	3.5M	3.4M	3.1M
Short-term debt	1.3M	1.2M	1.2M	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M	1.3M
Total current liabilities	19.7M	19.9M	20.8M	20.3M	22.1M	20.6M	19.4M	19.7M	22.6M	21.1M	16M	16.9M
Long-term debt	3.1M	3.8M	3.5M	3.2M	2.9M	2.5M	2.2M	1.8M	1.5M	1.1M	810K	851K
Total liabilities	23.3M	23.8M	24.3M	23.5M	25M	24.1M	23.1M	22.6M	24.6M	22.5M	16.9M	17.7M
Shareholders' equity	86.2M	81.4M	81.7M	84M	86.5M	87.4M	86.9M	87.8M	88M	89.3M	91.1M	91.8M
Total debt	4.4M	5.1M	4.8M	4.4M	4.1M	3.8M	3.4M	3.1M	2.8M	2.4M	2.1M	2.1M
Net debt	-11.5M	-16.1M	-14.7M	-16.1M	-19.8M	-24M	-21.2M	-24.8M	-30M	-34.1M	-31.4M	-33.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.5M	1.6M	6.7M	11.1M	9.9M	12.2M	8.7M	-7.1M	3.4M	609K
Depreciation & amortization	1M	1.9M	3.2M	3.4M	3.6M	4M	4.2M	3.9M	3.5M	3.3M
Stock-based compensation	408K	381K	470K	936K	2M	2.2M	2.2M	3.1M	2.2M	3.1M
Change in working capital	-2.4M	-1.4M	-8.5M	5.5M	666K	-9M	205K	13.2M	-1.7M	3.5M
Operating cash flow	1.7M	2.5M	-8.8M	16.5M	14.6M	7.8M	15.7M	11.4M	6.9M	11.1M
Capital expenditure	—	—	—	0	0	10K	0	0	—	-376K
Investing cash flow	67K	-34.8M	-285K	135K	-9.3M	-189K	17K	119K	—	-486K
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-13K	-20K	-20K	-13K	0	0	0	-618K	-80K	-2.2M
Financing cash flow	-3.2M	26.9M	-3.6M	-17.4M	-17.6M	-4.3M	-11.7M	-1.6M	143K	-2.2M
Net change in cash	-1.5M	-5.4M	-12.7M	-757K	-12.3M	3.3M	3.9M	9.9M	7.1M	8.5M
Free cash flow	2.2M	2.2M	-1.2M	15.1M	20.9M	3.3M	11.8M	15.6M	6.3M	10.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	125K	-5.4M	-161K	1.4M	1.9M	297K	-1.4M	135K	941K	972K	264K	-100K
Depreciation & amortization	917K	912K	898K	907K	865K	829K	832K	841K	848K	803K	803K	806K
Stock-based compensation	824K	581K	550K	461K	542K	647K	895K	714K	729K	780K	750K	818K
Change in working capital	-1.3M	4.8M	-1.3M	-80K	-2.7M	2.3M	-1.8M	1.5M	1.5M	2.2M	-1.2M	-437K
Operating cash flow	-2.5M	-359K	126K	2.7M	710K	3.4M	-3.3M	3.2M	6.4M	4.4M	-3.2M	2.2M
Capital expenditure	—	—	—	—	—	—	—	-55K	-182K	-25K	-66K	-64K
Investing cash flow	49K	0	—	—	0	—	-19K	-55K	-181K	-117K	-81K	-63K
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-46K	-80K	0	0	0	0	-114K	-1.5M	-654K	—	—
Financing cash flow	0	8K	-80K	0	0	87K	0	-44K	-1.5M	-633K	3K	25K
Net change in cash	-2.4M	-351K	46K	2.7M	710K	3.5M	-3.3M	3.1M	4.7M	3.6M	-3.2M	2.2M
Free cash flow	-2.7M	5.3M	-1.6M	707K	3.2M	3.9M	-3.1M	3.2M	6.2M	4.3M	-3.2M	2.2M

Mastech Digital Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement