Mastech Digital Financials
This page shows Mastech Digital (MHH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mastech Digital has an operating margin of 1.9%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 10/100, suggesting thin profitability after operating expenses. This is up from -4.6% the prior year.
Mastech Digital's revenue declined 1.1% year-over-year, from $201.1M to $198.9M. This contraction results in a growth score of 26/100.
Mastech Digital carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.22, Mastech Digital holds $3.22 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Mastech Digital's free cash flow margin of 3.1% results in a low score of 16/100. Capital expenditures of $941K absorb a large share of operating cash flow.
Mastech Digital generates a 3.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 16/100.
Mastech Digital scores 5.11, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Mastech Digital passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Mastech Digital generates $2.11 in operating cash flow ($7.2M OCF vs $3.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Mastech Digital generated $198.9M in revenue in fiscal year 2024. This represents a decrease of 1.1% from the prior year.
Mastech Digital's EBITDA was $7.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 234.5% from the prior year.
Mastech Digital generated $6.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 60.0% from the prior year.
Mastech Digital reported $3.4M in net income in fiscal year 2024. This represents an increase of 147.7% from the prior year.
Mastech Digital earned $0.28 per diluted share (EPS) in fiscal year 2024. This represents an increase of 145.9% from the prior year.
Mastech Digital held $27.7M in cash against $0 in long-term debt as of fiscal year 2024.
Mastech Digital's gross margin was 28.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.
Mastech Digital's operating margin was 1.9% in fiscal year 2024, reflecting core business profitability. This is up 6.5 percentage points from the prior year.
Mastech Digital's net profit margin was 1.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.
Mastech Digital's ROE was 3.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Mastech Digital spent $80K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 87.1% from the prior year.
Mastech Digital invested $941K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 180.9% from the prior year.
MHH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.5M-1.2% | $49.1M+1.6% | $48.3M-4.8% | $50.7M+2.4% | $49.5M+5.8% | $46.8M+1.7% | $46.1M-3.6% | $47.8M |
| Cost of Revenue | $35.0M-0.7% | $35.3M-0.4% | $35.4M-1.7% | $36.0M+1.3% | $35.6M+2.5% | $34.7M0.0% | $34.7M-1.4% | $35.2M |
| Gross Profit | $13.5M-2.6% | $13.8M+7.2% | $12.9M-12.4% | $14.7M+5.3% | $14.0M+15.2% | $12.1M+6.9% | $11.3M-9.7% | $12.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $12.6M-8.4% | $13.8M-6.5% | $14.7M+0.6% | $14.7M+19.2% | $12.3M-2.0% | $12.5M | N/A | N/A |
| Operating Income | $820K+2937.0% | $27K+101.5% | -$1.9M-2950.8% | $65K-96.2% | $1.7M+517.0% | -$406K+94.1% | -$6.9M-14042.9% | -$49K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $294K+292.0% | $75K+123.2% | -$323K-1253.6% | $28K-93.3% | $418K+445.5% | -$121K+92.1% | -$1.5M-5393.1% | $29K |
| Net Income | $941K+597.0% | $135K+109.4% | -$1.4M-584.5% | $297K-78.6% | $1.4M+964.0% | -$161K+97.0% | -$5.4M-4380.8% | $125K |
| EPS (Diluted) | $0.08+700.0% | $0.01+108.3% | $-0.12-1300.0% | $0.01-91.7% | $0.12+1300.0% | $-0.01+97.8% | $-0.45-4600.0% | $0.01 |
MHH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $112.6M+2.0% | $110.4M+0.3% | $110.1M-1.3% | $111.5M+3.7% | $107.5M+1.4% | $106.1M+0.8% | $105.2M-3.9% | $109.5M |
| Current Assets | $69.3M+5.5% | $65.7M+1.9% | $64.5M-2.6% | $66.2M+9.2% | $60.6M+3.9% | $58.3M+3.3% | $56.5M+0.4% | $56.2M |
| Cash & Equivalents | $32.7M+17.2% | $27.9M+13.2% | $24.7M-11.1% | $27.7M+34.8% | $20.6M+6.0% | $19.4M-8.1% | $21.1M+33.2% | $15.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $20.6M-7.0% | $22.1M-7.1% | $23.8M-0.2% | $23.8M-3.3% | $24.6M+1.0% | $24.4M+8.2% | $22.6M-9.2% | $24.8M |
| Goodwill | $27.2M0.0% | $27.2M0.0% | $27.2M0.0% | $27.2M0.0% | $27.2M0.0% | $27.2M0.0% | $27.2M-16.3% | $32.5M |
| Total Liabilities | $24.6M+9.0% | $22.6M-2.4% | $23.1M-3.8% | $24.1M+2.5% | $23.5M-3.6% | $24.3M+2.4% | $23.8M+1.9% | $23.3M |
| Current Liabilities | $22.6M+14.5% | $19.7M+1.6% | $19.4M-5.7% | $20.6M+1.5% | $20.3M-2.3% | $20.8M+4.5% | $19.9M+0.8% | $19.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $88.0M+0.2% | $87.8M+1.0% | $86.9M-0.6% | $87.4M+4.0% | $84.0M+2.8% | $81.7M+0.3% | $81.4M-5.5% | $86.2M |
| Retained Earnings | $55.5M+1.7% | $54.5M+0.2% | $54.4M-2.6% | $55.8M+4.0% | $53.6M+2.7% | $52.3M-0.3% | $52.4M-9.3% | $57.8M |
MHH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.5M+96.5% | $3.3M+210.1% | -$3.0M-174.2% | $4.0M+241.9% | $1.2M+189.1% | -$1.3M-124.4% | $5.4M+312.1% | -$2.6M |
| Capital Expenditures | $182K+230.9% | $55K-51.8% | $114K-0.9% | $115K-75.7% | $474K+70.5% | $278K+127.9% | $122K+20.8% | $101K |
| Free Cash Flow | $6.3M+94.2% | $3.2M+204.2% | -$3.1M-179.3% | $3.9M+454.9% | $707K+144.1% | -$1.6M-130.2% | $5.3M+299.4% | -$2.7M |
| Investing Cash Flow | -$181K-229.1% | -$55K+58.6% | -$133K-14.7% | -$116K+75.5% | -$473K-70.1% | -$278K-127.9% | -$122K-134.6% | -$52K |
| Financing Cash Flow | -$1.1M-2954.1% | $37K+37.0% | $27K-82.9% | $158K-65.5% | $458K+672.5% | -$80K-42.9% | -$56K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.5M+1196.5% | $114K | $0 | $0 | $0-100.0% | $80K+73.9% | $46K | $0 |
MHH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.8%-0.4pp | 28.1%+1.5pp | 26.7%-2.3pp | 29.0%+0.8pp | 28.2%+2.3pp | 25.9%+1.3pp | 24.6%-1.7pp | 26.3% |
| Operating Margin | 1.7%+1.6pp | 0.1%+3.9pp | -3.8%-4.0pp | 0.1%-3.3pp | 3.4%+4.3pp | -0.9%+14.2pp | -15.0%-14.9pp | -0.1% |
| Net Margin | 1.9%+1.7pp | 0.3%+3.3pp | -3.0%-3.6pp | 0.6%-2.2pp | 2.8%+3.1pp | -0.3%+11.3pp | -11.6%-11.9pp | 0.3% |
| Return on Equity | 1.1%+0.9pp | 0.1% | N/A | 0.3%-1.3pp | 1.7% | N/A | N/A | 0.1% |
| Return on Assets | 0.8%+0.7pp | 0.1%+1.4pp | -1.3%-1.6pp | 0.3%-1.0pp | 1.3%+1.4pp | -0.1%+4.9pp | -5.1%-5.2pp | 0.1% |
| Current Ratio | 3.07-0.3 | 3.330.0 | 3.32+0.1 | 3.22+0.2 | 2.99+0.2 | 2.81-0.0 | 2.84-0.0 | 2.85 |
| Debt-to-Equity | 0.28+0.0 | 0.260.0 | 0.270.0 | 0.280.0 | 0.28-0.0 | 0.300.0 | 0.29+0.0 | 0.27 |
| FCF Margin | 13.0%+6.4pp | 6.6%+13.0pp | -6.4%-14.2pp | 7.7%+6.3pp | 1.4%+4.9pp | -3.4%-15.0pp | 11.5%+17.1pp | -5.6% |
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Frequently Asked Questions
What is Mastech Digital's annual revenue?
Mastech Digital (MHH) reported $198.9M in total revenue for fiscal year 2024. This represents a -1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mastech Digital's revenue growing?
Mastech Digital (MHH) revenue declined by 1.1% year-over-year, from $201.1M to $198.9M in fiscal year 2024.
Is Mastech Digital profitable?
Yes, Mastech Digital (MHH) reported a net income of $3.4M in fiscal year 2024, with a net profit margin of 1.7%.
What is Mastech Digital's earnings per share (EPS)?
Mastech Digital (MHH) reported diluted earnings per share of $0.28 for fiscal year 2024. This represents a 145.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mastech Digital's EBITDA?
Mastech Digital (MHH) had EBITDA of $7.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mastech Digital's gross margin?
Mastech Digital (MHH) had a gross margin of 28.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mastech Digital's operating margin?
Mastech Digital (MHH) had an operating margin of 1.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mastech Digital's net profit margin?
Mastech Digital (MHH) had a net profit margin of 1.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Mastech Digital's return on equity (ROE)?
Mastech Digital (MHH) has a return on equity of 3.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Mastech Digital's free cash flow?
Mastech Digital (MHH) generated $6.3M in free cash flow during fiscal year 2024. This represents a -60.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mastech Digital's operating cash flow?
Mastech Digital (MHH) generated $7.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mastech Digital's total assets?
Mastech Digital (MHH) had $111.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mastech Digital's capital expenditures?
Mastech Digital (MHH) invested $941K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Mastech Digital buy back shares?
Yes, Mastech Digital (MHH) spent $80K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Mastech Digital's current ratio?
Mastech Digital (MHH) had a current ratio of 3.22 as of fiscal year 2024, which is generally considered healthy.
What is Mastech Digital's debt-to-equity ratio?
Mastech Digital (MHH) had a debt-to-equity ratio of 0.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mastech Digital's return on assets (ROA)?
Mastech Digital (MHH) had a return on assets of 3.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mastech Digital's Altman Z-Score?
Mastech Digital (MHH) has an Altman Z-Score of 5.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mastech Digital's Piotroski F-Score?
Mastech Digital (MHH) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mastech Digital's earnings high quality?
Mastech Digital (MHH) has an earnings quality ratio of 2.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Mastech Digital?
Mastech Digital (MHH) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.