What is Mastech Digital's earnings per share (EPS)?

Mastech Digital (MHH) reported diluted earnings per share of $0.05 for fiscal year 2025. This represents a -82.1% 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.

Mastech Digital Financials

MHH

Source SEC Filings (10-K/10-Q) Updated Mar 18, 2026 Currency USD FYE March

This page shows Mastech Digital (MHH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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

Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Mastech Digital has an operating margin of 0.0%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is down from 1.9% the prior year.

Growth

Mastech Digital's revenue declined 3.8% year-over-year, from $198.9M to $191.4M. This contraction results in a growth score of 27/100.

Leverage

Mastech Digital carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Mastech Digital's current ratio of 3.26 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Mastech Digital has a free cash flow margin of 5.6%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Mastech Digital generates a 0.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is down from 3.9% the prior year.

Altman Z-Score Safe

4.76

Mastech Digital scores 4.76, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Mastech Digital passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

18.28x

For every $1 of reported earnings, Mastech Digital generates $18.28 in operating cash flow ($11.1M OCF vs $609K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$191.4M

YoY-3.8%

5Y CAGR-0.3%

10Y CAGR+4.5%

Mastech Digital generated $191.4M in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.

EBITDA

$773K

YoY-89.4%

5Y CAGR-46.1%

10Y CAGR-16.9%

Mastech Digital's EBITDA was $773K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 89.4% from the prior year.

Net Income

$609K

YoY-82.1%

5Y CAGR-42.7%

10Y CAGR-14.0%

Mastech Digital reported $609K in net income in fiscal year 2025. This represents a decrease of 82.1% from the prior year.

EPS (Diluted)

$0.05

YoY-82.1%

5Y CAGR-43.0%

10Y CAGR-22.3%

Mastech Digital earned $0.05 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 82.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$10.8M

YoY+72.1%

5Y CAGR-12.5%

10Y CAGR+14.2%

Mastech Digital generated $10.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 72.1% from the prior year.

Cash & Debt

$36.5M

YoY+31.7%

5Y CAGR+36.6%

10Y CAGR+45.7%

Mastech Digital held $36.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

12M

Mastech Digital had 12M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

27.7%

YoY-0.2pp

5Y CAGR+1.2pp

10Y CAGR+8.4pp

Mastech Digital's gross margin was 27.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin

0.0%

YoY-1.9pp

5Y CAGR-6.9pp

10Y CAGR-3.8pp

Mastech Digital's operating margin was 0.0% in fiscal year 2025, reflecting core business profitability. This is down 1.9 percentage points from the prior year.

Net Margin

0.3%

YoY-1.4pp

5Y CAGR-4.8pp

10Y CAGR-1.9pp

Mastech Digital's net profit margin was 0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.

Return on Equity

0.7%

YoY-3.2pp

5Y CAGR-15.9pp

10Y CAGR-16.7pp

Mastech Digital's ROE was 0.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$5.0M

YoY+6150.0%

10Y CAGR+37.6%

Mastech Digital spent $5.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 6150.0% from the prior year.

Capital Expenditures

$376K

YoY-60.0%

5Y CAGR+4.8%

10Y CAGR+8.4%

Mastech Digital invested $376K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 60.0% from the prior year.

MHH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$191.4M-3.8%	$198.9M-1.1%	$201.1M-17.0%	$242.2M+9.1%	$222.0M+14.4%	$194.1M
Cost of Revenue	$138.3M-3.5%	$143.3M-4.5%	$150.1M-16.2%	$179.1M+10.1%	$162.6M+14.0%	$142.6M
Gross Profit	$53.1M-4.6%	$55.6M+8.9%	$51.0M-19.2%	$63.2M+6.3%	$59.4M+15.3%	$51.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$53.1M+2.4%	$51.8M-14.1%	$60.3M+18.3%	$51.0M	N/A	N/A
Operating Income	$1K-100.0%	$3.8M+140.9%	-$9.3M-176.0%	$12.2M-30.7%	$17.6M+31.4%	$13.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$453K-55.7%	$1.0M+154.0%	-$1.9M-150.1%	$3.8M-19.0%	$4.7M+68.3%	$2.8M
Net Income	$609K-82.1%	$3.4M+147.7%	-$7.1M-181.9%	$8.7M-28.7%	$12.2M+23.9%	$9.9M
EPS (Diluted)	$0.05-82.1%	$0.28+145.9%	$-0.61-184.7%	$0.72-29.4%	$1.02+22.9%	$0.83

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$48.5M-1.2%	$49.1M+1.6%	$48.3M-4.8%	$50.7M-2.1%	$51.8M+4.7%	$49.5M+5.8%	$46.8M+1.7%	$46.1M
Cost of Revenue	$35.0M-0.7%	$35.3M-0.4%	$35.4M-1.7%	$36.0M-2.8%	$37.1M+4.3%	$35.6M+2.5%	$34.7M0.0%	$34.7M
Gross Profit	$13.5M-2.6%	$13.8M+7.2%	$12.9M-12.4%	$14.7M-0.4%	$14.8M+5.7%	$14.0M+15.2%	$12.1M+6.9%	$11.3M
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+18.8%	$12.3M+0.4%	$12.3M-2.0%	$12.5M	N/A
Operating Income	$820K+2937.0%	$27K+101.5%	-$1.9M-2950.8%	$65K-97.3%	$2.4M+44.1%	$1.7M+517.0%	-$406K+94.1%	-$6.9M
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-96.0%	$697K+66.7%	$418K+445.5%	-$121K+92.1%	-$1.5M
Net Income	$941K+597.0%	$135K+109.4%	-$1.4M-584.5%	$297K-84.2%	$1.9M+34.8%	$1.4M+964.0%	-$161K+97.0%	-$5.4M
EPS (Diluted)	$0.08+700.0%	$0.01+108.3%	$-0.12	N/A	$0.16+33.3%	$0.12+1300.0%	$-0.01	N/A

MHH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$111.8M+0.3%	$111.5M+5.9%	$105.2M-3.4%	$108.9M-4.5%	$114.1M+11.8%	$102.0M
Current Assets	$68.6M+3.6%	$66.2M+17.3%	$56.5M+6.2%	$53.2M-1.4%	$53.9M+31.0%	$41.2M
Cash & Equivalents	$36.5M+31.7%	$27.7M+31.2%	$21.1M+199.7%	$7.1M+6.6%	$6.6M-13.7%	$7.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$20.6M-13.4%	$23.8M+5.7%	$22.6M-32.9%	$33.6M-1.6%	$34.2M+55.0%	$22.0M
Goodwill	$27.2M0.0%	$27.2M0.0%	$27.2M-16.3%	$32.5M0.0%	$32.5M0.0%	$32.5M
Total Liabilities	$22.5M-6.3%	$24.1M+1.1%	$23.8M+4.0%	$22.9M-42.3%	$39.6M-6.8%	$42.5M
Current Liabilities	$21.1M+2.4%	$20.6M+3.6%	$19.9M+1.6%	$19.6M-27.1%	$26.8M+22.2%	$22.0M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$8.7M-32.4%	$12.9M
Total Equity	$89.3M+2.1%	$87.4M+7.4%	$81.4M-5.3%	$86.0M+15.6%	$74.4M+25.0%	$59.5M
Retained Earnings	$56.4M+1.1%	$55.8M+6.5%	$52.4M-12.0%	$59.6M+17.1%	$50.8M+31.6%	$38.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$112.6M+2.0%	$110.4M+0.3%	$110.1M-1.3%	$111.5M0.0%	$111.5M+3.7%	$107.5M+1.4%	$106.1M+0.8%	$105.2M
Current Assets	$69.3M+5.5%	$65.7M+1.9%	$64.5M-2.6%	$66.2M+0.6%	$65.8M+8.6%	$60.6M+3.9%	$58.3M+3.3%	$56.5M
Cash & Equivalents	$32.7M+17.2%	$27.9M+13.2%	$24.7M-11.1%	$27.7M+16.1%	$23.9M+16.0%	$20.6M+6.0%	$19.4M-8.1%	$21.1M
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-8.5%	$26.1M+5.7%	$24.6M+1.0%	$24.4M+8.2%	$22.6M
Goodwill	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M
Total Liabilities	$24.6M+9.0%	$22.6M-2.4%	$23.1M-3.8%	$24.1M-3.6%	$25.0M+6.4%	$23.5M-3.6%	$24.3M+2.4%	$23.8M
Current Liabilities	$22.6M+14.5%	$19.7M+1.6%	$19.4M-5.7%	$20.6M-6.9%	$22.1M+9.0%	$20.3M-2.3%	$20.8M+4.5%	$19.9M
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+1.0%	$86.5M+3.0%	$84.0M+2.8%	$81.7M+0.3%	$81.4M
Retained Earnings	$55.5M+1.7%	$54.5M+0.2%	$54.4M-2.6%	$55.8M+0.5%	$55.5M+3.5%	$53.6M+2.7%	$52.3M-0.3%	$52.4M

MHH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$11.1M+54.8%	$7.2M-55.0%	$16.0M+26.7%	$12.6M+141.9%	$5.2M-75.4%	$21.2M
Capital Expenditures	$376K-60.0%	$941K+180.9%	$335K-59.9%	$835K-55.9%	$1.9M+535.9%	$298K
Free Cash Flow	$10.8M+72.1%	$6.3M-60.0%	$15.6M+32.8%	$11.8M+254.7%	$3.3M-84.1%	$20.9M
Investing Cash Flow	-$486K+48.4%	-$941K-335.6%	-$216K+73.6%	-$818K+60.7%	-$2.1M+78.4%	-$9.6M
Financing Cash Flow	-$1.1M-272.2%	$654K+141.4%	-$1.6M+84.8%	-$10.4M-154.4%	-$4.1M+39.0%	-$6.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$5.0M+6150.0%	$80K-87.1%	$618K	$0	$0	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$6.5M+96.5%	$3.3M+210.1%	-$3.0M-174.2%	$4.0M+22.4%	$3.3M+179.3%	$1.2M+189.1%	-$1.3M-124.4%	$5.4M
Capital Expenditures	$182K+230.9%	$55K-51.8%	$114K-0.9%	$115K+55.4%	$74K-84.4%	$474K+70.5%	$278K+127.9%	$122K
Free Cash Flow	$6.3M+94.2%	$3.2M+204.2%	-$3.1M-179.3%	$3.9M+21.6%	$3.2M+356.2%	$707K+144.1%	-$1.6M-130.2%	$5.3M
Investing Cash Flow	-$181K-229.1%	-$55K+58.6%	-$133K-14.7%	-$116K-56.8%	-$74K+84.4%	-$473K-70.1%	-$278K-127.9%	-$122K
Financing Cash Flow	-$1.1M-2954.1%	$37K+37.0%	$27K-82.9%	$158K+33.9%	$118K-74.2%	$458K+672.5%	-$80K-42.9%	-$56K
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	$0-100.0%	$80K+73.9%	$46K

MHH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	27.7%-0.2pp	28.0%+2.6pp	25.4%-0.7pp	26.1%-0.7pp	26.8%+0.2pp	26.6%
Operating Margin	0.0%-1.9pp	1.9%+6.5pp	-4.6%-9.7pp	5.0%-2.9pp	7.9%+1.0pp	6.9%
Net Margin	0.3%-1.4pp	1.7%+5.3pp	-3.5%-7.1pp	3.6%-1.9pp	5.5%+0.4pp	5.1%
Return on Equity	0.7%-3.2pp	3.9%+12.7pp	-8.8%-18.9pp	10.1%-6.3pp	16.4%-0.1pp	16.6%
Return on Assets	0.5%-2.5pp	3.0%+9.8pp	-6.8%-14.8pp	8.0%-2.7pp	10.7%+1.0pp	9.7%
Current Ratio	3.26+0.0	3.22+0.4	2.84+0.1	2.72+0.7	2.01+0.1	1.87
Debt-to-Equity	0.25-0.0	0.28-0.0	0.29+0.3	0.00-0.1	0.12-0.1	0.22
FCF Margin	5.6%+2.5pp	3.1%-4.6pp	7.8%+2.9pp	4.9%+3.4pp	1.5%-9.3pp	10.8%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	27.8%-0.4pp	28.1%+1.5pp	26.7%-2.3pp	29.0%+0.5pp	28.5%+0.3pp	28.2%+2.3pp	25.9%+1.3pp	24.6%
Operating Margin	1.7%+1.6pp	0.1%+3.9pp	-3.8%-4.0pp	0.1%-4.6pp	4.7%+1.3pp	3.4%+4.3pp	-0.9%+14.2pp	-15.0%
Net Margin	1.9%+1.7pp	0.3%+3.3pp	-3.0%-3.6pp	0.6%-3.0pp	3.6%+0.8pp	2.8%+3.1pp	-0.3%+11.3pp	-11.6%
Return on Equity	1.1%+0.9pp	0.1%+1.8pp	-1.7%-2.0pp	0.3%-1.8pp	2.2%+0.5pp	1.7%+1.9pp	-0.2%+6.4pp	-6.6%
Return on Assets	0.8%+0.7pp	0.1%+1.4pp	-1.3%-1.6pp	0.3%-1.4pp	1.7%+0.4pp	1.3%+1.4pp	-0.1%+4.9pp	-5.1%
Current Ratio	3.07-0.3	3.330.0	3.32+0.1	3.22+0.2	2.98-0.0	2.99+0.2	2.81-0.0	2.84
Debt-to-Equity	0.28+0.0	0.260.0	0.270.0	0.28-0.0	0.290.0	0.28-0.0	0.300.0	0.29
FCF Margin	13.0%+6.4pp	6.6%+13.0pp	-6.4%-14.2pp	7.7%+1.5pp	6.2%+4.8pp	1.4%+4.9pp	-3.4%-15.0pp	11.5%

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Frequently Asked Questions

What is Mastech Digital's annual revenue?

Mastech Digital (MHH) reported $191.4M in total revenue for fiscal year 2025. This represents a -3.8% 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 3.8% year-over-year, from $198.9M to $191.4M in fiscal year 2025.

Is Mastech Digital profitable?

Yes, Mastech Digital (MHH) reported a net income of $609K in fiscal year 2025, with a net profit margin of 0.3%.

What is Mastech Digital's EBITDA?

Mastech Digital (MHH) had EBITDA of $773K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Mastech Digital's gross margin?

Mastech Digital (MHH) had a gross margin of 27.7% in fiscal year 2025, 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 0.0% in fiscal year 2025, 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 0.3% in fiscal year 2025, 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 0.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mastech Digital's free cash flow?

Mastech Digital (MHH) generated $10.8M in free cash flow during fiscal year 2025. This represents a 72.1% 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 $11.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mastech Digital's total assets?

Mastech Digital (MHH) had $111.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mastech Digital's capital expenditures?

Mastech Digital (MHH) invested $376K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Mastech Digital buy back shares?

Yes, Mastech Digital (MHH) spent $5.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Mastech Digital have outstanding?

Mastech Digital (MHH) had 12M shares outstanding as of fiscal year 2025.

What is Mastech Digital's current ratio?

Mastech Digital (MHH) had a current ratio of 3.26 as of fiscal year 2025, which is generally considered healthy.

What is Mastech Digital's debt-to-equity ratio?

Mastech Digital (MHH) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, 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 0.5% for fiscal year 2025, 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 4.76, 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 4 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 18.28x, 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 43 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.