NYSEAMERICAN : MHH
Mastech Digital, Inc. — Financial statements
Industrials · Staffing & Employment Services · United States
Last price 6.41 USD (Oct 30, 2026, 10:15 AM EDT) · Market cap 77.00M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Mastech Digital, Inc. (MHH) reported revenue of 169.98M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 169.98M | 191.37M | 198.94M | 201.10M | 242.24M | 222.01M |
| Cost of Revenue | 122.02M | 138.31M | 143.35M | 150.06M | 179.06M | 162.57M |
| Gross Profit | 47.96M | 53.06M | 55.60M | 51.04M | 63.18M | 59.44M |
| Selling, General & Admin | 47.91M | 49.55M | 47.01M | 49.81M | 46.58M | 41.38M |
| Amortization of Goodwill & Intangibles | 2.50M | 2.60M | 2.70M | 2.80M | 3.00M | 3.20M |
| Operating Expenses | 50.41M | 52.16M | 49.71M | 52.61M | 49.58M | 44.58M |
| Operating Income | -2.45M | 901.00K | 5.89M | -1.57M | 13.60M | 14.87M |
| Interest Expense | -358.00K | -675.00K | ||||
| Interest & Investment Income | 1.09M | 844.00K | 606.00K | 319.00K | ||
| Currency Exchange Gain (Loss) | 451.00K | 217.00K | 27.00K | -75.00K | 650.00K | -49.00K |
| Other Non Operating Income (Expenses) | 3.50M | 1.90M | -400.00K | |||
| EBT Excluding Unusual Items | 2.58M | 3.86M | 6.52M | -1.33M | 13.49M | 14.14M |
| Merger & Restructuring Charges | -300.00K | -2.80M | -2.10M | -2.40M | -1.00M | -140.00K |
| Impairment of Goodwill | -5.30M | |||||
| Other Unusual Items | 2.88M | |||||
| Pretax Income | 2.28M | 1.06M | 4.42M | -9.03M | 12.49M | 16.89M |
| Income Tax Expense | 1.14M | 453.00K | 1.02M | -1.89M | 3.78M | 4.67M |
| Net Income | 1.14M | 609.00K | 3.40M | -7.14M | 8.71M | 12.22M |
| Net Income to Common | 1.14M | 609.00K | 3.40M | -7.14M | 8.71M | 12.22M |
| Shares Outstanding (Basic) | 11.89M | 11.75M | 11.67M | 11.61M | 11.59M | 11.44M |
| Shares Outstanding (Diluted) | 12.18M | 11.95M | 12.01M | 11.61M | 12.08M | 12.01M |
| EPS (Basic) | 0.10 | 0.05 | 0.29 | -0.61 | 0.75 | 1.07 |
| EPS (Diluted) | 0.09 | 0.05 | 0.28 | -0.61 | 0.72 | 1.02 |
| Free Cash Flow | 5.71M | 10.76M | 6.25M | 15.64M | 11.78M | 3.32M |
| Free Cash Flow Per Share | 0.47 | 0.90 | 0.52 | 1.35 | 0.97 | 0.28 |
| Gross Margin | 28.21% | 27.72% | 27.95% | 25.38% | 26.08% | 26.77% |
| Operating Margin | -1.44% | 0.47% | 2.96% | -0.78% | 5.61% | 6.70% |
| Profit Margin | 0.67% | 0.32% | 1.71% | -3.55% | 3.60% | 5.50% |
| Free Cash Flow Margin | 3.36% | 5.62% | 3.14% | 7.78% | 4.86% | 1.50% |
| EBITDA | 775.00K | 4.22M | 9.39M | 2.28M | 17.79M | 18.85M |
| EBITDA Margin | 0.46% | 2.21% | 4.72% | 1.13% | 7.35% | 8.49% |
| D&A For EBITDA | 3.23M | 3.32M | 3.50M | 3.85M | 4.20M | 3.98M |
| EBIT | -2.45M | 901.00K | 5.89M | -1.57M | 13.60M | 14.87M |
| EBIT Margin | -1.44% | 0.47% | 2.96% | -0.78% | 5.61% | 6.70% |
| Effective Tax Rate | 49.96% | 42.66% | 23.10% | 30.25% | 27.63% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 37.94M | 36.53M | 27.74M | 21.15M | 7.06M | 6.62M |
| Cash & Short-Term Investments | 37.94M | 36.53M | 27.74M | 21.15M | 7.06M | 6.62M |
| Receivables | 25.63M | 26.40M | 31.44M | 29.82M | 42.32M | 43.39M |
| Prepaid Expenses | 6.96M | 5.65M | 7.02M | 5.50M | 3.79M | 3.89M |
| Total Current Assets | 70.53M | 68.58M | 66.20M | 56.46M | 53.17M | 53.91M |
| Property, Plant & Equipment | 4.13M | 4.09M | 5.83M | 7.02M | 6.55M | 7.93M |
| Goodwill | 27.21M | 27.21M | 27.21M | 27.21M | 32.51M | 32.51M |
| Other Intangible Assets | 5.95M | 7.75M | 10.31M | 13.00M | 15.77M | 18.76M |
| Long-Term Deferred Tax Assets | 1.68M | 2.58M | 1.30M | 793.00K | ||
| Long-Term Deferred Charges | 24.00K | 95.00K | 189.00K | 284.00K | 293.00K | 366.00K |
| Other Long-Term Assets | 1.14M | 1.53M | 444.00K | 457.00K | 578.00K | 595.00K |
| Total Assets | 110.65M | 111.84M | 111.48M | 105.23M | 108.88M | 114.07M |
| Accounts Payable | 3.14M | 3.45M | 4.68M | 4.66M | 4.47M | 4.95M |
| Accrued Expenses | 12.18M | 16.29M | 14.30M | 13.29M | 12.27M | 15.47M |
| Current Portion of Long-Term Debt | 1.10M | 4.40M | ||||
| Current Portion of Leases | 1.15M | 1.28M | 1.26M | 1.24M | 1.50M | 1.48M |
| Current Unearned Revenue | 52.00K | 41.00K | 329.00K | 684.00K | 207.00K | 544.00K |
| Total Current Liabilities | 16.53M | 21.06M | 20.58M | 19.87M | 19.56M | 26.84M |
| Long-Term Debt | 8.70M | |||||
| Long-Term Leases | 1.60M | 1.14M | 2.49M | 3.84M | 2.29M | 3.71M |
| Long-Term Deferred Tax Liabilities | 920.00K | 265.00K | ||||
| Other Long-Term Liabilities | 330.00K | 987.00K | 69.00K | 105.00K | 125.00K | |
| Total Liabilities | 18.13M | 22.53M | 24.05M | 23.78M | 22.88M | 39.64M |
| Common Stock | 140.00K | 137.00K | 135.00K | 133.00K | 133.00K | 131.00K |
| Additional Paid-In Capital | 46.38M | 42.52M | 38.28M | 35.34M | 32.06M | 28.25M |
| Retained Earnings | 56.60M | 56.43M | 55.82M | 52.41M | 59.55M | 50.84M |
| Treasury Stock | -7.13M | -7.13M | -4.88M | -4.80M | -4.19M | -4.19M |
| Comprehensive Income & Other | -3.46M | -2.64M | -1.91M | -1.64M | -1.55M | -607.00K |
| Shareholders' Equity | 92.52M | 89.31M | 87.43M | 81.44M | 86.00M | 74.43M |
| Total Liabilities & Equity | 110.65M | 111.84M | 111.48M | 105.23M | 108.88M | 114.07M |
| Total Debt | 2.75M | 2.42M | 3.75M | 5.08M | 4.90M | 18.29M |
| Net Cash (Debt) | 35.19M | 34.11M | 23.99M | 16.07M | 2.16M | -11.66M |
| Net Cash Per Share | 2.89 | 2.85 | 2.00 | 1.38 | 0.18 | -0.97 |
| Filing Date Shares Outstanding | 12.03M | 11.86M | 11.74M | 11.61M | 11.64M | 11.53M |
| Total Common Shares Outstanding | 12.03M | 11.69M | 11.72M | 11.60M | 11.62M | 11.47M |
| Working Capital | 54.01M | 47.51M | 45.63M | 36.59M | 33.62M | 27.06M |
| Book Value Per Share | 7.69 | 7.64 | 7.46 | 7.02 | 7.40 | 6.49 |
| Tangible Book Value | 59.37M | 54.34M | 49.92M | 41.23M | 37.72M | 23.16M |
| Tangible Book Value Per Share | 4.94 | 4.65 | 4.26 | 3.56 | 3.25 | 2.02 |
| Machinery | 4.01M | 3.82M | 3.67M | 3.01M | 2.79M | 2.36M |
| Leasehold Improvements | 746.00K | 738.00K | 742.00K | 753.00K | 732.00K | 842.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.14M | 609.00K | 3.40M | -7.14M | 8.71M | 12.22M |
| Depreciation & Amortization | 3.23M | 3.32M | 3.50M | 3.85M | 4.20M | 3.98M |
| Other Amortization | 94.00K | 94.00K | 95.00K | 73.00K | 73.00K | 82.00K |
| Loss (Gain) From Sale of Assets | 4.00K | 24.00K | 1.00K | 9.00K | ||
| Asset Writedown & Restructuring Costs | 5.30M | |||||
| Stock-Based Compensation | 3.21M | 3.12M | 2.20M | 3.08M | 2.23M | 2.21M |
| Provision & Write-off of Bad Debts | -30.00K | 36.00K | -217.00K | -30.00K | 50.00K | 130.00K |
| Other Operating Activities | -2.52M | -3.40M | 455.00K | -1.68M | 256.00K | -1.69M |
| Change in Accounts Receivable | 3.26M | 5.01M | -1.41M | 12.54M | 1.02M | -11.39M |
| Change in Accounts Payable | -250.00K | -1.22M | 39.00K | 186.00K | -479.00K | 2.37M |
| Change in Unearned Revenue | -256.00K | -288.00K | -355.00K | 477.00K | -337.00K | 66.00K |
| Change in Other Net Operating Assets | -1.79M | 3.84M | -539.00K | -690.00K | -3.10M | -2.77M |
| Operating Cash Flow | 6.09M | 11.13M | 7.19M | 15.98M | 12.62M | 5.22M |
| Capital Expenditures | -379.00K | -376.00K | -941.00K | -335.00K | -835.00K | -1.90M |
| Sale of Property, Plant & Equipment | 10.00K | |||||
| Other Investing Activities | -106.00K | -110.00K | 119.00K | 17.00K | -199.00K | |
| Investing Cash Flow | -485.00K | -486.00K | -941.00K | -216.00K | -818.00K | -2.08M |
| Long-Term Debt Repaid | -1.10M | -12.00M | -4.40M | |||
| Net Debt Issued (Repaid) | -1.10M | -12.00M | -4.40M | |||
| Issuance of Common Stock | 1.34M | 1.12M | 734.00K | 204.00K | 1.59M | 530.00K |
| Repurchase of Common Stock | -654.00K | -2.25M | -80.00K | -618.00K | ||
| Other Financing Activities | -64.00K | -223.00K | ||||
| Financing Cash Flow | 690.00K | -1.13M | 654.00K | -1.58M | -10.41M | -4.09M |
| Foreign Exchange Rate Adjustments | -1.11M | -732.00K | -310.00K | -94.00K | -948.00K | -94.00K |
| Net Cash Flow | 5.19M | 8.79M | 6.59M | 14.09M | 435.00K | -1.05M |
| Free Cash Flow | 5.71M | 10.76M | 6.25M | 15.64M | 11.78M | 3.32M |
| Free Cash Flow Margin | 3.36% | 5.62% | 3.14% | 7.78% | 4.86% | 1.50% |
| Free Cash Flow Per Share | 0.47 | 0.90 | 0.52 | 1.35 | 0.97 | 0.28 |
| Levered Free Cash Flow | 2.66M | 13.61M | 6.06M | 18.17M | 11.09M | 3.92M |
| Unlevered Free Cash Flow | 2.57M | 13.52M | 5.97M | 18.10M | 11.24M | 4.26M |
| Cash Interest Paid | 43.00K | 324.00K | 623.00K | |||
| Cash Income Tax Paid | 868.00K | 868.00K | 2.23M | 1.36M | 2.16M | 3.83M |
| Change in Working Capital | 965.00K | 7.35M | -2.27M | 12.51M | -2.90M | -11.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 75.54M | 81.65M | 174.42M | 97.76M | 127.91M | 195.25M |
| Enterprise Value | 40.36M | 51.65M | 154.65M | 86.25M | 130.83M | 209.38M |
| Last Close Price | 6.28 | 6.98 | 14.90 | 8.43 | 11.01 | 17.07 |
| PE Ratio | 71.40 | 134.07 | 51.27 | 14.68 | 15.98 | |
| Forward PE | 8.72 | 8.26 | 15.68 | 11.62 | 7.86 | 11.19 |
| PS Ratio | 0.44 | 0.43 | 0.88 | 0.49 | 0.53 | 0.88 |
| PB Ratio | 0.82 | 0.91 | 2.00 | 1.20 | 1.49 | 2.62 |
| P/TBV Ratio | 1.27 | 1.50 | 3.49 | 2.37 | 3.39 | 8.43 |
| P/FCF Ratio | 13.22 | 7.59 | 27.90 | 6.25 | 10.86 | 58.79 |
| P/OCF Ratio | 12.40 | 7.33 | 24.25 | 6.12 | 10.14 | 37.43 |
| PEG Ratio | 0.58 | 20.77 | 26.14 | 0.82 | 0.37 | 0.64 |
| EV/Sales Ratio | 0.24 | 0.27 | 0.78 | 0.43 | 0.54 | 0.94 |
| EV/EBITDA Ratio | 52.07 | 12.23 | 16.47 | 37.83 | 7.35 | 11.11 |
| EV/EBIT Ratio | 57.33 | 26.25 | 9.62 | 14.08 | ||
| EV/FCF Ratio | 7.06 | 4.80 | 24.74 | 5.51 | 11.11 | 63.05 |
| Debt / Equity Ratio | 0.03 | 0.03 | 0.04 | 0.06 | 0.06 | 0.25 |
| Debt / EBITDA Ratio | 1.07 | 0.42 | 0.34 | 1.28 | 0.25 | 0.89 |
| Debt / FCF Ratio | 0.48 | 0.23 | 0.60 | 0.33 | 0.42 | 5.51 |
| Net Debt / Equity Ratio | -0.38 | -0.38 | -0.27 | -0.20 | -0.03 | 0.16 |
| Net Debt / EBITDA Ratio | -45.40 | -8.07 | -2.56 | -7.05 | -0.12 | 0.62 |
| Net Debt / FCF Ratio | -6.16 | -3.17 | -3.84 | -1.03 | -0.18 | 3.51 |
| Asset Turnover | 1.52 | 1.71 | 1.84 | 1.88 | 2.17 | 2.06 |
| Quick Ratio | 3.85 | 2.99 | 2.88 | 2.56 | 2.52 | 1.86 |
| Current Ratio | 4.27 | 3.26 | 3.22 | 2.84 | 2.72 | 2.01 |
| Return on Equity (ROE) | 1.27% | 0.69% | 4.03% | -8.53% | 10.86% | 18.25% |
| Return on Assets (ROA) | -1.37% | 0.50% | 3.40% | -0.92% | 7.62% | 8.60% |
| Return on Invested Capital (ROIC) | -2.12% | 0.87% | 7.03% | -2.11% | 11.16% | 13.57% |
| Return on Capital Employed (ROCE) | -2.60% | 1.00% | 6.50% | -1.80% | 15.20% | 17.00% |
| Earnings Yield | 1.40% | 0.75% | 1.95% | -7.30% | 6.81% | 6.26% |
| FCF Yield | 7.57% | 13.18% | 3.58% | 16.00% | 9.21% | 1.70% |
| Buyback Yield / Dilution | -3.64% | 0.53% | -3.45% | 3.84% | -0.58% | -0.48% |