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Mastech Digital, Inc

MHH Industrials Staffing & Employment Services

Mastech Digital, Inc’s revenue for fiscal 2025 (year ended December 2025) was $191.4 million, down 3.81% from fiscal 2024.

Revenue
−13.4%
EPS
−99.3%
Free cash flow
−60.9%

Quarter to September 2026, against a year earlier

6.32 0.05 −0.78%
Market cap
$76.6M
P/E
68.9×
Fwd P/E
−419×
Dividend yield
—
F-score
5/9
Altman Z
5.11
Beneish M
−3.10
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 1 1 — 3 — — — 1 — 1 —
Sell — — — — — — — — — — — —
Insider Ownership 70.32%

Capital & Financial Ratios $m

Size
Market Cap 76.62
Revenue ttm 169.98
Net income ttm 1.14
Free cash flow ttm 5.72
Net debt Q (37.94)
Valuation
P/E 68.87 (above 35: high)
Forward P/E (419.00) (negative: loss-making)
Price / sales 0.44
Forward P/S Powerpack
Price / FCF 13.13
Price / book 0.81
Financial health
Current ratio Q 4.27 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 40.53
Growth
Revenue growth Q −13.42% (below 0%: shrinking)
Operating income growth Q −98.41% (below 0%: shrinking)
EPS, this year −50.69% (below 0%: weak)
EPS, next year A +88.73% (at or above 15%: strong)
Revenue, next year A −13.26% (below 0%: weak)
EPS, past 5 yrs −42.99% (below 0%: weak)
EPS, next 5 yrs A +11.94%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.5×; over the ten years it ranged from 0.2× in 2026 to 1.5× in 2020.
P/E against its own 10 years 93.66%
10-year low 10-year high
P/S against its own 10 years 37.07%
10-year low 10-year high
P/B against its own 10 years 1.03%
10-year low 10-year high
EV/Sales against its own 10 years 1.72%
10-year low 10-year high
EV/FCF against its own 10 years 20.30%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 21 28 37 38
Receivables 30 31 26 26
Inventory — — — —
Other — — — —
56 66 69 71
2023 2024 2025 Q'26
Payables 5 5 3 3
ST’ Debt — — — —
Other — — — —
20 21 21 17

Compound Annual Growth %

10y 5y 3y
Sales 4.48% (0.28%) (7.56%)
Cash Flow 13.91% (12.11%) (4.07%)
Earnings (14.00%) (42.70%) (58.81%)
Book Value 18.91% 8.45% 1.26%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.08 Actual 0.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.21 0.21 Met by 0.00
Q1 FY26 0.17 0.11 Miss by 0.06
Q2 FY26 0.13 0.08 Miss by 0.05
Q3 FY26 0.08 0.10 Beat by 0.02
Q4 FY26 0.06 — Reports 18 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.02 (0.01) 0.00 — —
’25 (0.12) 0.01 0.08 0.08 0.05
’24 (0.01) 0.12 0.16 0.02 0.28
’23 0.02 (0.19) 0.01 (0.46) (0.61)
’22 0.19 0.20 0.20 0.13 0.72
’21 0.10 0.31 0.28 0.32 1.02
’20 0.16 0.25 0.25 0.17 0.83
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 41 41 42 — —
’25 48 49 48 45 191
’24 47 50 52 51 199
’23 55 52 48 46 201
’22 60 62 63 57 242
’21 50 54 60 59 222
’20 50 48 47 49 194
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 2 3 — —
’25 (3) 3 6 4 11
’24 (1) 1 3 4 7
’23 3 10 (3) 5 16
’22 2 0 6 5 13
’21 1 (1) 2 3 5
’20 3 9 5 4 21
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 2 2 — —
’25 (3) 3 6 4 11
’24 (2) 1 3 4 6
’23 3 10 (3) 5 16
’22 1 0 6 5 12
’21 1 (1) 1 2 3
’20 3 9 5 4 21
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 132 148 177 194 194 222 242 201 199 191 170 +4.2% 166 176 — (4.2%)
Gross margin, % 19.92 21.39 24.00 24.79 26.55 26.78 26.08 25.38 27.95 27.72 28.21 +7.8 pt
EBT 4 3 9 15 13 17 12 (9) 4 1 2 (13.7%)
EBT margin, % 3.05 1.99 5.31 7.86 6.51 7.61 5.16 (4.49) 2.22 0.55 1.34 (2.5) pt
Net income 3 2 7 11 10 12 9 (7) 3 1 1 (14.6%)
Per share, $
Per share, $ Revenue 15.02 14.90 16.18 17.55 17.19 19.41 20.90 17.32 17.05 16.29 14.13 +0.9%
Earnings 0.29 0.17 0.61 1.01 0.87 1.07 0.75 (0.61) 0.29 0.05 0.09 (17.6%)
Cash flow 0.26 0.34 (0.04) 1.46 1.88 0.46 1.09 1.38 0.62 0.95 0.51 +15.4%
Capex (0.01) (0.11) (0.07) (0.09) (0.03) (0.16) (0.07) (0.03) (0.08) (0.03) (0.03) +11.5%
Free cash flow 0.25 0.22 (0.11) 1.37 1.85 0.29 1.02 1.35 0.54 0.92 0.48 +15.6%
Book value 2.17 2.74 3.13 4.20 5.27 6.51 7.42 7.01 7.49 7.60 7.69 +14.9%
Shares, m 9 10 11 11 11 11 12 12 12 12 12 +3.3%
Valuation, ×
Valuation, × P/E 12.29 31.13 10.24 10.96 18.28 15.95 15.37 0.00 50.32 139.60 68.87 30.4
P/S 0.23 0.33 0.39 0.63 0.93 0.88 0.55 0.47 0.87 0.43 0.44 0.6
P/B 1.62 1.82 2.01 2.64 3.02 2.62 1.55 1.16 1.99 0.92 0.81 1.9
EV/Sales 0.30 0.58 0.60 0.75 0.97 0.91 0.55 0.40 0.77 0.28 0.26 0.6
EV/FCF 18.58 38.33 (85.66) 9.58 9.04 60.55 11.36 5.17 24.54 4.90 7.77 9.6
Cash, $m
Cash, $m Operating cash flow 2 3 0 16 21 5 13 16 7 11 6 +19.2%
Capex 0 (1) (1) (1) 0 (2) (1) 0 (1) 0 0 +15.2%
Free cash flow 2 2 (1) 15 21 3 12 16 6 11 6 +19.4%
Balance, $m
Balance, $m Working capital 10 15 23 18 19 27 34 37 46 48 54 +18.4%
Net debt 9 36 37 22 10 6 (6) (21) (28) (37) (38) n/m
Shareholders’ equity 19 27 34 46 60 74 86 81 87 89 93 +18.7%
Returns, %
Returns, % ROA 6.47 2.36 7.00 12.17 10.24 11.31 7.82 (6.67) 3.14 0.55 1.02 (5.9) pt
ROIC 10.02 4.06 10.14 15.49 12.12 13.60 9.52 (9.61) 3.97 0.00 0.85 (10.0) pt
ROE 14.45 7.04 21.78 27.67 18.64 18.25 10.86 (8.53) 4.03 0.69 1.27 (13.8) pt
People
People Employees 825 1,530 1,500 1,565 1,510 1,155 1,695 1,397 1,525 1,288 — +5.1%
Revenue/emp, $m 0.16 0.10 0.12 0.12 0.13 0.19 0.14 0.14 0.13 0.15 — (0.8%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Mastech Digital, Inc vs peers in Staffing & Employment Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KELYB Kelly Services, Inc. $659.7M — (loss-making) — −0.83% (below 0%: shrinking) n/m −97.46% (below 0%: shrinking) 20.97% 0.06% Compare
KELYA Kelly Services, Inc. $515.3M — (loss-making) 25.8× −0.83% (below 0%: shrinking) n/m −97.46% (below 0%: shrinking) 20.97% 0.06% Compare
TBI TrueBlue, Inc. $376.3M — (loss-making) — (loss-making) +20.75% (above 0%: growing) n/m −20.85% (below 0%: shrinking) 20.55% 2.30% Compare
HQI HireQuest, Inc. $239.2M 29.2× 24.0× +6.04% (above 0%: growing) +150.00% (above 0%: growing) −37.48% (below 0%: shrinking) 100.00% 41.28% Compare
MHH Mastech Digital, Inc $76.6M 68.9× — (loss-making) −13.42% (below 0%: shrinking) −99.25% (below 0%: shrinking) −60.92% (below 0%: shrinking) 28.70% 0.03%
BGSF BGSF, Inc. $37.7M — (loss-making) — (loss-making) −5.08% (below 0%: shrinking) n/m −110.71% (below 0%: shrinking) 35.49% (5.33%) Compare
STRR Star Equity Holdings, Inc. $35.1M — (loss-making) — (loss-making) +54.58% (above 0%: growing) n/m −3,038.24% (below 0%: shrinking) 41.49% (2.49%) Compare
CIRC Circle8 Group, Inc. $24.1M — (loss-making) — +210.80% (above 0%: growing) n/m +59.31% (above 0%: growing) 7.44% (4.81%) Compare
JOB GEE Group Inc. $20.9M — (loss-making) 5.7× −15.32% (below 0%: shrinking) n/m +94.57% (above 0%: growing) 39.88% 1.82% Compare
Median of peers $138.5M — 24.0× +2.61% — −67.47% 28.23% 0.06%

All 18 Staffing & Employment Services stocks →

Pay and ownership Proxy statement filed 9 April 2026

Ownership

Directors and executive officers, together 42.90%
Ashok Trivedi 27.70%
Manoj Singh, as the sole member of the Trust Protection Committee of the Sunil Wadhwani 15.60%
Sunil Wadhwani 13.10%
Steven A. Shaw 11.00%
The Capital Management Corporation 7.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Mastech Digital, Inc (MHH) Latest News

31 Oct

Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby

30 Oct

Impact 3 · · Zacks Small Cap Research
Impact 3 · · PR Newswire

13 Aug

Impact 4 · · The Motley Fool transcript
Impact 4 ·
Impact 3 · · PR Newswire

7 Aug

Impact 4 · · Moby transcript
Impact 3 ·

6 Aug

Impact 3 ·

15 May

Impact 4 · · PR Newswire
Impact 3 · · Moby
Impact 3 · · Zacks Small Cap Research

20 Feb

Impact 4 · · Zacks Small Cap Research
Impact 4 ·
Impact 4 ·

19 Feb

Impact 4 · · Moby
Impact 4 · · PR Newswire
Impact 4 ·

5 Jan

Impact 3 · · Business Wire

13 Nov

Impact 4 · · Zacks Small Cap Research

12 Nov

Impact 4 · · PR Newswire

15 Aug

Impact 3 · transcript

31 Jul

Impact 3 · · PR Newswire

16 May

Impact 4 · · Zacks Small Cap Research
Impact 3 · · PR Newswire

14 May

Impact 4 · · TipRanks

13 May

Impact 4 ·

7 Apr

Impact 4 · · PR Newswire

1 Mar

Impact 3 · transcript
stockrow.com/MHH · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com