MHHNYSEServices-Management Consulting ServicesFiscal year ends December 31
Mastech Digital, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$6.21−0.14 (-2.20%)
Close on Oct 19, 2026
- Market cap
- $74.59M
- P/E (TTM)
- 36.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
27.7%+4.5 pts over 5 years
Operating margin
0.0%−6.0 pts over 5 years
Net margin
0.3%−4.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.8% | -7.6% | -2.9% | +4.5% | |
| Gross profit | -4.6% | -5.7% | +0.6% | +8.3% | |
| Operating income | -100.0% | -95.7% | -85.1% | -57.1% | |
| Net income | -82.1% | -58.8% | -42.7% | -14.0% | |
| EPS, diluted | -82.1% | -58.9% | -43.0% | -16.7% | |
| Free cash flow | +72.1% | -3.0% | -12.5% | +14.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.5% | 18.6% | 0.7% | |
| Return on assets | 6.5% | 10.2% | 0.5% | |
| Current ratio | 1.85 | 1.87 | 3.26 | |
| Debt to equity | 0.52 | 0.29 | – | |
| Net debt to EBITDA | 1.64× | 0.56× | – | |
| Capex to revenue | 0.1% | 0.1% | 0.2% | |
| Diluted shares | 9M | 12M | 12M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mastech Digital generated $52.14M from operations and spent $7.33M on capital expenditure, dividends and share buybacks. 60% of that went back into the business.
Generated
$52.14M
Used
$7.33M
Capital expenditure$4.38M60%Dividends$00%Share buybacks$2.94M40%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.3%
×Asset turnover1.71×
×Equity multiplier1.26×
=Return on equity, FY20250.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.3% | 1.71× | 1.26× | 0.7% |
| FY2024 | 1.7% | 1.84× | 1.28× | 4.0% |
| FY2023 | -3.5% | 1.88× | 1.28× | -8.5% |
| FY2022 | 3.6% | 2.17× | 1.39× | 10.9% |
| FY2021 | 5.5% | 2.05× | 1.61× | 18.2% |
| FY2020 | 4.4% | 2.31× | 1.82× | 18.6% |
| FY2019 | 5.8% | 2.11× | 2.27× | 27.7% |
| FY2018 | 3.8% | 1.85× | 3.11× | 21.8% |
| FY2017 | 1.1% | 2.14× | 2.99× | 7.0% |
| FY2016 | 1.9% | 3.39× | 2.23× | 14.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$609.00K
- Cash generatingOperating cash flow above zero$11.14M
- Return on assets improvedROA up on the prior year3.2% → 0.5%
- Earnings backed by cashOperating cash flow above net income$11.14M vs $609.00K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.22 → 3.26
- No dilutionShare count did not rise12M → 12M
- Gross margin improvedGross margin up on the prior year27.95% → 27.72%
- More efficientAsset turnover rose1.89 → 1.72