Mastech Digital, Inc (MHH) vs TrueBlue, Inc. (TBI)

Mastech Digital, Inc and TrueBlue, Inc. are both Staffing & Employment Services companies. TrueBlue, Inc. is the larger, with a market value of $290.1M against $86.7M — 3.3× the size. TrueBlue, Inc. has negative trailing earnings, so its P/E is not meaningful; Mastech Digital, Inc trades at 43.2×. TrueBlue, Inc. grew revenue faster over the last twelve months: 10.2% against −11.8%. Mastech Digital, Inc has the higher net margin (1.18% vs −3.35%) and the higher return on invested capital (1.73% vs −9.68%). Across the 19 metrics below, Mastech Digital, Inc leads on 14 and TrueBlue, Inc. on 5.

Valuation

Metric MHH TBI Staffing & Employment Services median
P/E 43.24 n/m 24.32
P/S 0.50 0.17 0.41
P/B 0.96 1.13 1.28
Price to free cash flow 9.30 n/m 18.57
EV/EBITDA 10.55 n/m 10.55
EV/Sales 0.32 0.21 0.40
Earnings yield 2.31% (19.87%) 0.99%
Free cash flow yield 10.75% (23.44%) 2.79%

Profitability

Metric MHH TBI Staffing & Employment Services median
Gross margin 27.97% 21.20% 23.11%
Operating margin 0.88% (2.87%) 0.08%
Net margin 1.18% (3.35%) 0.23%
Free cash flow margin 5.38% (3.99%) 1.23%
Return on equity 2.31% (20.23%) 2.31%
Return on assets 1.89% (8.74%) 0.00%
Return on invested capital 1.73% (9.68%) 0.00%

Growth

Metric MHH TBI Staffing & Employment Services median
Revenue growth (TTM) (11.76%) 10.17% 0.69%
EPS growth (last fiscal year) (82.14%) 61.39% —
Revenue growth, 5-year CAGR (0.28%) (2.63%) 1.23%
Net income growth, 5-year CAGR (42.70%) 0.00% 0.00%

Health

Metric MHH TBI Staffing & Employment Services median
Debt to equity 0.00 0.32 0.08
Current ratio 4.10 2.28 1.50
Net debt to EBITDA (9.32) (2.35) (0.22)

Dividend

Metric MHH TBI Staffing & Employment Services median
Dividend yield — — 2.16%
Payout ratio 0.00 0.00 0.30

Size

Metric MHH TBI Staffing & Employment Services median
Market cap 86.67m 290.13m 590.17m

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