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Mastech Digital, Inc. (MHH) stock

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NYSE: MHH NYSE IT Consulting & Other Services Next results ~January 26, 2027

C Fundamentals grade

Mastech Digital, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$10

Cash-flow model

Base case. Range ~$8.4–$13 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 57% above it.

Price used: $6.50, November 2, 2026

Mastech Digital, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling15 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds17 adding, 10 cuttingOf 3 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mastech Digital files

10-Q filed October 30: Mastech Digital

Model value +28.6%

Revenue for the twelve months to September 2026 was $170m, down 13.6% on a year earlier, a steeper fall than the 11.8% decline a quarter earlier. That puts it 24 of 26 for growth among the it consulting & other services companies we cover. Free-cash-flow margin fell to 3.4% from 5.3% a year earlier. Our model value rises from $7.94 to $10.21 a share, against a share price of $6.28. The rating stays Buy. At that price, our model says the market is pricing in cash flow shrinking about 9.9% a year for five years, slower than the -5.2% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed August 6: Mastech Digital

Revenue for the twelve months to June 2026 was $170m, down 13.6% on a year earlier, a steeper fall than the 11.8% decline a quarter earlier. That puts it 23 of 25 for growth among the it consulting & other services companies we cover. Free-cash-flow margin fell to 3.4% from 5.3% a year earlier. Our model value is little changed at $7.94 a share, against a share price of $6.33. The rating stays Buy. At that price, our model says the market is pricing in cash flow shrinking about 2.5% a year for five years, faster than the -5.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Where Mastech Digital stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $176m, down 11.8% on a year earlier, a steeper fall than the 8.1% decline a quarter earlier. That puts it 22 of 23 for growth among the it consulting & other services companies we cover. Free-cash-flow margin rose to 5.4% from 3.7% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $7.94 a share, against a share price of $6.51. At that price, our model says the market is pricing in cash flow shrinking about 1.8% a year for five years, faster than the -4.5% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

Mastech Digital, Inc.'s trailing-twelve-month revenue fell 13.6% year on year, with a free-cash-flow margin of 3.4%. Where it lags: revenue growth of -13.6% ranks 35 of 40 it consulting & other services companies we cover.

Our discounted-cash-flow model values the business at ~$10 per share in the base case (~$8.4–$13 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -13.6% (-1.8pp vs the prior quarter), the 5th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $6.50 is 57% below our value per share of $10.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 13.6% over the last 12 months.
  • High earnings multiple. The shares trade at 68 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 0.5 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.10 against an average estimate of $0.07: beat by 33.3%
Revenue
$42m, down 13.4% on a year earlier
Share reaction
+2.7% in the first session after the results on October 30, 2026, against -2.2% for the S&P 500
Next report
October 30, 2026; average EPS estimate $0.06

Mastech Digital's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.5%
  • 1 week+0.6%
  • 1 month-9.1%
  • This year-6.9%
  • 1 year-5.8%
  • 5 years-65.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$170M
Operating margin
0.4%
Net margin
0.7%
EPS (TTM, diluted)
$0.09

Growth

Revenue growth
−13.6%
Change in growth rate
−1.8 pts
Share count change
+0.1%

Cash

Free cash flow (TTM)
$5.7M
FCF margin
3.4%
Stock pay % of revenue
1.9%

Earnings

Last results
October 30, 2026
Next results (est.)
January 26, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mastech Digital, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 8.8% a year for five years.That is close to the -5.2% a year revenue growth Mastech Digital has delivered.

  • Priced in-8.8%
  • Last 12 months-13.6%
  • 3 years a year-7.1%
  • 5 years a year-5.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($6.50, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$10
Price used
$6.50close November 3, 2026
Implied change
▲ +57%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Mastech Digital, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($4.7M, FY2026 Q3 TTM), growing 2.9% and 4.4% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$8.4–~$13 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Mastech Digital, Inc.'s free cash flow after stock-based pay ( $4.7M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Mastech Digital, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$10 ~$8.4–$13 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.0 ~$1.2–$2.2 Left out: out of range vs price (0.16x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.4 ~$1.5–$4.0 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$7.6 ~$2.4–$10 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mastech Digital, Inc. with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −18%
  • Revenue growth 5 points higher ▲ +24%
  • Free-cash-flow margin 1 point lower ▼ −21%
  • Last year's free-cash-flow margin change, if it persists ▼ −29%
  • Discount rate 1 point higher ▼ −10%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $9$11$13$17$21$27
8.5% $7$9$11$13$16$20
10% $7$8$9$11$13$17

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$3.65$3.40$5.03$6.30$11.07$15.90$17.07$11.01$8.43$14.90$6.98$6.50
Market value$32m$31m$50m$70m$124m$190m$205m$133m$98m$179m$83m$78m
+ Net debt (− = net cash)$13m$11m$40m$42m$27m$14m$11m−$6m−$21m−$28m−$37m−$38m
Enterprise value$46m$41m$90m$113m$151m$204m$216m$127m$77m$151m$47m$40m
Multiples
Price / sales 0.3x0.2x0.3x0.4x0.6x1.0x0.9x0.5x0.5x0.9x0.4x0.5x
Price / earnings 11.8x12.1x30.9x10.5x11.2x19.3x16.8x15.3x—52.6x137.0x68.5x
Price / free cash flow 11.4x14.0x22.7x—8.3x9.1x61.7x11.3x6.3x28.6x7.8x13.7x
EV / EBITDA 9.4x8.8x15.0x7.6x7.4x12.0x10.0x7.7x—20.7x14.1x10.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

29 /100

Weak moat

How hard Mastech Digital's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Cash operating profit has been a median 5.5% of total assets over 9 years.

  • Pricing power 10 / 20

    Gross margin has been a median 26.3%, moving by 2.2 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.2%; its worst year was -1.6%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 10 of 10 years, at a median 3.8% of revenue.

  • Discipline 17 / 20

    The diluted share count rose 0.1% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (44 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.33 −55% $166m −13%
Next $0.96 +197% $176m +6%

Next year's EPS estimate has moved −4.0% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −28.6% on 90 days ago. In the last 30 days, 0 analysts raised Mastech Digital, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Mastech Digital, Inc., last 90 days
$0.00 $0.50 $1.00 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.46 Current fiscal year, 60 days ago: $0.33 Current fiscal year, 30 days ago: $0.33 Current fiscal year, 7 days ago: $0.33 Current fiscal year, Now: $0.33 $0.33 Next fiscal year, 90 days ago: $1.00 Next fiscal year, 60 days ago: $0.96 Next fiscal year, 30 days ago: $0.96 Next fiscal year, 7 days ago: $0.96 Next fiscal year, Now: $0.96 $0.96

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.46$1.00
60 days ago $0.33$0.96
30 days ago $0.33$0.96
7 days ago $0.33$0.96
Now $0.33$0.96

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.07 $0.10 +33.3%
Jun 2026 $0.13 $0.08 −36.0%
Mar 2026 $0.17 $0.11 −35.3%
Dec 2025 $0.20 $0.21 +2.4%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Mastech Digital, Inc.'s revenue by +2.9% next year and +4.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.9%, weight 56%) and the company's own record (+4.0%, weight 44%) . How the weights are set.

Positioning

Short interest
0.8%
of tradable shares
Days to cover
4.57
at average volume
Short interest, 1 month
−23%
to October 15, 2026
Held by institutions
21%
of shares
Held by insiders
69.9%
of shares
Employees
1,288
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −5.8%

$6.90 on October 31, 2025 to $6.50

ThenNowEffect
Revenue (last 12 months) $200m $176m −11.8%
Net margin 0.4% 1.2% +171.2%
P/E multiple 95.9x 37.5x −60.8%
Share count 12m 12m +0.5%

Biggest factor: net margin.

Last 3 years −24.8%

$8.64 on November 3, 2023 to $6.50

ThenNowEffect
Revenue (last 12 months) $228m $176m −22.5%
Net margin 0.9% 1.2% +31.8%
P/E multiple 50.9x 37.5x −26.2%
Share count 12m 12m −0.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MHH+7%−36%−23%+77%−53%−7%
Industry peers (median)+10%−35%+8%+18%−22%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MHH33%42%42%58%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MHH−26%−48%−43%−20%−59%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from June 16, 2020 to March 20, 2026. Getting back needed a 421% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.50 – $8.02
From 52-week high
−19.0%
vs 50-day average
−6.9%
vs 200-day average
−6.3%
Volatility (1 year)
57%
Beta vs S&P 500
0.48

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.0%
After a week
6 up, 5 down
typical move ±9.0%
After a month
6 up, 5 down
typical move ±14.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 30, 2026 +2.7% −2.2% — —
August 6, 2026 −1.4% +0.5% +0.8% −5.3%
May 15, 2026 −12.1% −1.3% −8.6% +6.8%
February 19, 2026 −3.5% +0.5% −15.8% −20.3%
November 12, 2025 +1.6% −1.6% +2.4% +8.3%
August 13, 2025 +4.1% +0.4% +4.9% +2.9%
May 16, 2025 −13.6% +0.7% −12.5% −17.5%
February 19, 2025 +2.7% −0.2% −10.4% −18.3%
November 6, 2024 +5.4% +3.3% +21.6% +45.9%
August 7, 2024 +11.8% +1.6% +19.2% +11.0%
May 8, 2024 −0.2% +0.6% −0.7% −12.3%
February 7, 2024 +0.4% +0.9% +2.2% +5.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Mastech Digital, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mastech Digital, Inc.
$160M $170M $180M $190M $200M $210M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $201.1M Revenue (TTM), FY24 Q1: $192.9M Revenue (TTM), FY24 Q2: $190.2M Revenue (TTM), FY24 Q3: $194.2M Revenue (TTM), FY24 Q4: $198.9M Revenue (TTM), FY25 Q1: $200.4M Revenue (TTM), FY25 Q2: $200M Revenue (TTM), FY25 Q3: $196.7M Revenue (TTM), FY25 Q4: $191.4M Revenue (TTM), FY26 Q1: $184.1M Revenue (TTM), FY26 Q2: $176.5M Revenue (TTM), FY26 Q3: $170M $170M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $201.1M
FY24 Q1 $192.9M
FY24 Q2 $190.2M
FY24 Q3 $194.2M
FY24 Q4 $198.9M
FY25 Q1 $200.4M
FY25 Q2 $200M
FY25 Q3 $196.7M
FY25 Q4 $191.4M
FY26 Q1 $184.1M
FY26 Q2 $176.5M
FY26 Q3 $170M
Revenue growth, TTM YoY Mastech Digital, Inc.
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -17.0% Revenue growth, TTM YoY, FY24 Q1: -18.8% Revenue growth, TTM YoY, FY24 Q2: -16.4% Revenue growth, TTM YoY, FY24 Q3: -8.5% Revenue growth, TTM YoY, FY24 Q4: -1.1% Revenue growth, TTM YoY, FY25 Q1: 3.9% Revenue growth, TTM YoY, FY25 Q2: 5.2% Revenue growth, TTM YoY, FY25 Q3: 1.2% Revenue growth, TTM YoY, FY25 Q4: -3.8% Revenue growth, TTM YoY, FY26 Q1: -8.1% Revenue growth, TTM YoY, FY26 Q2: -11.8% Revenue growth, TTM YoY, FY26 Q3: -13.6% -13.6%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -17.0%
FY24 Q1 -18.8%
FY24 Q2 -16.4%
FY24 Q3 -8.5%
FY24 Q4 -1.1%
FY25 Q1 3.9%
FY25 Q2 5.2%
FY25 Q3 1.2%
FY25 Q4 -3.8%
FY26 Q1 -8.1%
FY26 Q2 -11.8%
FY26 Q3 -13.6%
Operating margin (TTM) Mastech Digital, Inc.
-6% -4% -2% 0% 2% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -4.6% Operating margin (TTM), FY24 Q1: -5.3% Operating margin (TTM), FY24 Q2: -3.0% Operating margin (TTM), FY24 Q3: -1.6% Operating margin (TTM), FY24 Q4: 1.9% Operating margin (TTM), FY25 Q1: 1.2% Operating margin (TTM), FY25 Q2: 0.3% Operating margin (TTM), FY25 Q3: -0.5% Operating margin (TTM), FY25 Q4: 0.0% Operating margin (TTM), FY26 Q1: 1.0% Operating margin (TTM), FY26 Q2: 0.9% Operating margin (TTM), FY26 Q3: 0.4% 0.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -4.6%
FY24 Q1 -5.3%
FY24 Q2 -3.0%
FY24 Q3 -1.6%
FY24 Q4 1.9%
FY25 Q1 1.2%
FY25 Q2 0.3%
FY25 Q3 -0.5%
FY25 Q4 0.0%
FY26 Q1 1.0%
FY26 Q2 0.9%
FY26 Q3 0.4%
FCF margin (TTM) Mastech Digital, Inc.
0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.8% FCF margin (TTM), FY24 Q1: 5.7% FCF margin (TTM), FY24 Q2: 0.9% FCF margin (TTM), FY24 Q3: 3.9% FCF margin (TTM), FY24 Q4: 3.1% FCF margin (TTM), FY25 Q1: 2.4% FCF margin (TTM), FY25 Q2: 3.7% FCF margin (TTM), FY25 Q3: 5.3% FCF margin (TTM), FY25 Q4: 5.6% FCF margin (TTM), FY26 Q1: 5.7% FCF margin (TTM), FY26 Q2: 5.4% FCF margin (TTM), FY26 Q3: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.8%
FY24 Q1 5.7%
FY24 Q2 0.9%
FY24 Q3 3.9%
FY24 Q4 3.1%
FY25 Q1 2.4%
FY25 Q2 3.7%
FY25 Q3 5.3%
FY25 Q4 5.6%
FY26 Q1 5.7%
FY26 Q2 5.4%
FY26 Q3 3.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 71 72 80 91 107 114 123 132 148 177 194 194 222 242 201 199 191 170
Gross profit 13 14 16 17 20 21 24 26 32 43 48 52 59 63 51 56 53 48
EBITDA 3 1 2 4 5 6 5 5 6 15 20 17 22 16 −5 7 3 4
Operating income 2 1 2 3 5 6 5 5 4 12 17 13 18 12 −9 4 0 1
Net income 1 1 1 2 4 3 3 3 2 7 11 10 12 9 −7 3 1 1
Diluted EPS $0.15 $0.07 $0.12 $0.26 $0.44 $0.39 $0.31 $0.28 $0.16 $0.60 $0.99 $0.83 $1.02 $0.72 −$0.61 $0.28 $0.05 $0.09
Growth (year on year)
Revenue — +1.0% +12.1% +12.8% +17.8% +6.2% +8.8% +6.9% +12.0% +19.8% +9.3% +0.3% +14.4% +9.1% −17.0% −1.1% −3.8% −13.6%
EBITDA — −51.1% — +50.5% +54.6% +4.2% −13.8% −3.9% +27.9% +145.8% +37.9% −16.8% +27.1% −24.1% −133.1% — −54.4% —
Operating income — −54.2% — +51.9% +57.3% +4.5% −15.5% −3.7% −9.5% +184.9% +46.1% −21.1% +31.4% −30.7% −176.0% — — —
Net income — — — — +77.9% −10.0% −19.6% −8.5% — — +66.6% −11.5% +23.9% −28.7% −181.9% — — —
Diluted EPS — — — — +72.5% −12.5% −19.5% −9.7% — — +65.0% −16.2% +22.9% −29.4% −184.7% — — —
Margins
Gross margin 18.9% 19.6% 19.7% 18.9% 18.8% 18.3% 19.3% 19.9% 21.4% 24.0% 24.8% 26.6% 26.8% 26.1% 25.4% 27.9% 27.7% 28.2%
EBITDA margin 3.6% 1.7% 2.9% 3.9% 5.1% 5.0% 4.0% 3.6% 4.1% 8.4% 10.5% 8.8% 9.7% 6.8% −2.7% 3.7% 1.7% 2.3%
Operating margin 3.3% 1.5% 2.8% 3.7% 5.0% 4.9% 3.8% 3.4% 2.8% 6.6% 8.8% 6.9% 7.9% 5.0% −4.6% 1.9% 0.0% 0.4%
Net margin 2.0% 0.9% 1.4% 2.4% 3.6% 3.0% 2.2% 1.9% 1.1% 3.8% 5.8% 5.1% 5.5% 3.6% −3.5% 1.7% 0.3% 0.7%
Free-cash-flow margin 3.6% 0.4% 0.3% 0.9% 2.9% 2.3% 2.3% 1.7% 1.5% −0.7% 7.8% 10.8% 1.5% 4.9% 7.8% 3.1% 5.6% 3.4%
Cash flow
Cash from operations 3 0 0 1 3 3 3 2 3 −0 16 21 5 13 16 7 11 6
Capital spending 0 0 0 0 0 1 0 0 1 1 1 0 2 1 0 1 0 0
Free cash flow 3 0 0 1 3 3 3 2 2 −1 15 21 3 12 16 6 11 6
Stock-based pay 0 0 0 0 1 0 0 0 0 0 1 2 2 2 3 2 3 3
Free cash flow after stock pay 2 0 0 1 3 2 3 2 2 −2 14 19 1 10 13 4 8 3
Balance sheet
Cash 7 6 6 1 0 3 1 1 2 1 3 8 7 7 21 28 37 38
Total debt 0 0 0 3 0 0 14 12 43 44 30 22 18 1 — 0 0 0
Net debt (negative = net cash) −7 −6 −6 2 −0 −3 13 11 40 42 27 14 11 −6 −21 −28 −37 −38
Diluted shares 9m 9m 9m 8m 9m 9m 9m 9m 10m 11m 11m 12m 12m 12m 12m 12m 12m 12m
Returned to shareholders
Dividends — — — 7 2 — — — — — — — — — — — — —
Buybacks — — 1 3 0 1 0 0 0 0 0 — 0 0 1 0 2 —
Total returned — — 1 9 2 1 0 0 0 0 0 — 0 0 1 0 2 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $111m
Short-term assets $71mLonger-term assets $40m
What it owes, and who funded it · $111m
Short-term liabilities $17mLonger-term liabilities $2mShareholders' equity $93m
  • Short-term assets cover short-term liabilities $71m of assets due within a year against $17m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $71m short-term assets against $2m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Mastech Digital, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$2.2M
Returned to shareholders
21%
of free cash flow
Buybacks, last 3 fiscal years
$2.9M
Diluted share count
+0.1%
year over year
Total shareholder yield
2.8%
dividends 0.0% + buybacks 2.8% of market value
Sales & admin spending
27.8%
of revenue
Days sales outstanding
43 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in it consulting & other services
Last 12 months unless stated MHH CLPS LZMH WYY TSSI TLS Median
Revenue, last 12 months $170m $172m $157m $157m $193m $194m $383m
Revenue growth, last 12 months −13.6% 4.7% 37.4% 9.7% −26.5% 65.9% 5.7%
Revenue growth, 3-year average −7.1% — — 16.0% 68.9% 2.7% 4.3%
Revenue growth, latest quarter −13.4% — — 1.9% −20.1% 32.7% 4.7%
Gross margin 28.2% 17.8% 3.3% 14.4% 17.0% 36.6% 28.0%
Operating margin 0.4% −6.7% −15.6% −0.8% 2.0% −9.9% 5.9%
Operating margin, 3-year average −0.6% 0.6% — −1.7% 2.4% −28.4% 7.5%
Net margin 0.7% −7.7% −15.4% −0.8% 7.4% −8.1% 2.2%
Cash from operations / revenue 3.6% −0.2% −3.6% 3.0% −4.9% 17.9% 6.7%
Free-cash-flow margin 3.4% −0.6% −3.7% 2.9% −10.9% 17.4% 5.0%
Free-cash-flow margin, 3-year average 4.2% −7.4% — 0.9% 13.7% 3.0% 6.7%
Stock pay / revenue 1.9% 1.1% 9.8% 0.3% 2.2% 11.1% 2.2%
Change in share count 0.1% 6.7% 4.1% 4.3% 10.7% 3.5% 0.9%

Median of all 40 companies we cover in it consulting & other services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 it consulting & other services companies
Measure Company Peer median Rank
Revenue growth Growth -13.6% 6.5% 35 of 40
Change in growth rate Growth -1.8pp -0.8pp 26 of 40
Gross margin Profitability 28.2% 28.2% 17 of 34
Operating margin Profitability 0.4% 5.9% 22 of 36
Net margin Profitability 0.7% 2.5% 24 of 40
Free-cash-flow margin Cash generation 3.4% 5.1% 22 of 38
Stock pay as % of revenue Cash generation 1.9% 2.3% 17 of 36
Change in share count Balance sheet 0.1% 0.9% 17 of 39
Days sales outstanding Balance sheet 43 days 71 days 8 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
IT Staffing Services $158M 82.6% ▼ 2.6%
Data and Analytics Services $33.3M 17.4% ▼ 9.1%
Geography
Region Revenue Share YoY
United States $189M 98.9% ▼ 3.2%
India and Other $1.5M 0.8% ▼ 37.5%
Canada $556,000 0.3% ▼ 46.6%

From Mastech Digital, Inc.'s 10-K filed March 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$17.9M
Institutions reporting
33
Shares held vs prior quarter
▲ 3.5%
Positions opened / closed
3 / 2

Top buyers and sellers, Q2 2026: 17 institutions bought and 10 sold ; the biggest buyer was Capital Management Corp (+51K shares) and the biggest seller Northern Trust Corp (−12K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Capital Management Corp $7.8M 1.0M 43.6% ▲ 5.4%
Dimensional Fund Advisors LP $1.6M 203K 8.8% ▼ 4.3%
Envestnet Asset Management Inc $1.4M 176K 7.6% ▲ 7.9%
Vanguard Capital Management LLC $1.2M 149K 6.5% ▲ 2.0%
Blackrock, Inc. $839,802 109K 4.7% ▼ 0.3%
Renaissance Technologies LLC $726,829 94K 4.1% ▼ 8.2%
Indivisible Partners $688,882 89K 3.9% ▲ 6.2%
Advyzon Investment Management, LLC $670,176 87K 3.8% ▲ 6.3%
Unique Wealth Strategies, LLC $597,514 77K 3.3% ▲ 14.9%
Geode Capital Management, LLC $399,926 52K 2.2% ▲ 11.8%
Bridgeway Capital Management, LLC $355,881 46K 2.0% ▼ 2.3%
Price T Rowe Associates Inc $252,000 33K 1.4% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mastech Digital, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $259,296 15 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $259,296 net buying
Insider Date Trade Shares Price Value
Shaw Steven A 10% owner October 20, 2026 Buy 2,200 $6.33 $13,926
Shaw Steven A 10% owner October 19, 2026 Buy 2,500 $6.44 $16,100
Shaw Steven A 10% owner August 21, 2026 Buy 5,000 $7.47 $37,350
Shaw Steven A 10% owner April 27, 2026 Buy 1,000 $7.04 $7,040
Shaw Steven A 10% owner April 15, 2026 Buy 3,000 $6.84 $20,520
Shaw Steven A 10% owner April 10, 2026 Buy 2,000 $6.19 $12,380
Shaw Steven A 10% owner April 9, 2026 Buy 4,000 $6.05 $24,200
Shaw Steven A 10% owner March 2, 2026 Buy 1,242 $6.24 $7,750
Shaw Steven A 10% owner February 27, 2026 Buy 3,800 $5.94 $22,572
Shaw Steven A 10% owner January 30, 2026 Buy 400 $7.08 $2,832
Shaw Steven A 10% owner January 30, 2026 Buy 400 $7.08 $2,832
Shaw Steven A 10% owner January 29, 2026 Buy 4,480 $6.96 $31,181

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 30, 2026
  • August 6, 2026
  • May 15, 2026
  • February 19, 2026
  • November 12, 2025
  • August 13, 2025

Recent SEC filings

Data status

When each part of this page on Mastech Digital, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mastech Digital, Inc. in brief

What does Mastech Digital, Inc. do?
Mastech Digital, Inc. is a US-listed company in the IT consulting & other services industry. Its financial year ends in December.
What is Mastech Digital, Inc.'s stock ticker?
Mastech Digital, Inc. trades under the ticker MHH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mastech Digital, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mastech Digital, Inc. reported revenue of $170M, 13.6% lower than a year earlier, according to its SEC filings.
What is Mastech Digital, Inc.'s free cash flow?
Mastech Digital, Inc.'s free-cash-flow margin is 3.4% of revenue over the trailing twelve months, ranking 22 of the 38 it consulting & other services companies we cover.
What is Mastech Digital, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Mastech Digital, Inc.'s free cash flow after stock-based pay gives ~$10 per share in the base case, and ~$8.4–$13 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Mastech Digital, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Capital Management Corp, Dimensional Fund Advisors LP and Envestnet Asset Management Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Mastech Digital, Inc. buying back stock, and does it pay a dividend?
Mastech Digital, Inc. spent $2.2M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.1% over the year.
What is Mastech Digital, Inc.'s market cap?
On November 2, 2026, Mastech Digital, Inc.'s market capitalisation was about $78.3M, with a price-to-earnings ratio of 68.5 and net debt of -$37.9M. Market figures come from third-party market data and may be delayed.
Who are Mastech Digital, Inc.'s competitors?
In our IT Consulting & Other Services peer group, the companies closest to Mastech Digital, Inc. are Clps Inc, LZ Technology Holdings Ltd, Widepoint Corp, TSS, Inc. and Telos Corp. The side-by-side comparison below sets their revenue, margins and growth against Mastech Digital, Inc.'s.
Are insiders buying or selling Mastech Digital, Inc. stock?
Over the last 12 months, Mastech Digital, Inc.'s directors and officers reported 15 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Mastech Digital, Inc.'s next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mastech Digital, Inc. announces its own schedule.