Mastech Digital, Inc. MHH
Mastech Digital, Inc. (referred to in this report as "Mastech Digital", "Mastech", the "Company", "us", "our" or "we") is a provider of Digital Transformation IT Services. The Company offers data and analytics solutions; digital learning; and IT staffing services for both digital and mainstream technologies. Headquartered near Pittsburgh, Pennsylvania, we have approximately 1,500 consultants that provide services across a broad spectrum of industry verticals. We do not sell, lease or otherwise market computer software or hardware and essentially 100% of our revenue is derived from the sale of data and analytics, IT staffing and Digital Transformation services through our two reportable segments, Data and Analytics Services and IT Staffing Services.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $191.4M | $198.9M | $201.1M | $242.2M | $222.0M | $222.0M | $193.6M | $177.2M | $147.9M | $132.0M |
| Cost of revenue | $138.3M | $143.3M | $150.1M | $179.1M | $162.6M | $142.6M | $145.6M | $134.6M | $116.3M | $105.7M |
| Gross profit | $53.1M | $55.6M | $51.0M | $63.2M | $59.4M | $51.5M | $48.0M | $42.5M | $31.6M | $26.3M |
| SG&A | $53.1M | $51.8M | $60.3M | $51.0M | — | — | — | — | $27.5M | $21.8M |
| Total operating expenses | — | $9.4M | $9.9M | $13.3M | $41.8M | $38.1M | $31.0M | $30.9M | $27.5M | $21.8M |
| Operating income | $1.0K | $3.8M | -$9.3M | $12.2M | $17.6M | $13.4M | $17.0M | $11.6M | $4.1M | $4.5M |
| Pre-tax income | $1.1M | $4.4M | -$9.0M | $12.5M | $16.9M | $12.6M | $15.2M | $9.4M | $2.9M | $4.0M |
| Income tax | $453.0K | $1.0M | $1.9M | $3.8M | $4.7M | $2.8M | $4.1M | $2.7M | $1.3M | $1.5M |
| Net income | $609 | $3.4K | -$7.1K | $8.7M | $12.2M | $9.9M | $11.1M | $6.7M | $1.6M | $2.5M |
| EPS, basic | 0.05 | 0.29 | -0.61 | 0.75 | 1.07 | 0.87 | 1.01 | 0.61 | 0.16 | 0.29 |
| EPS, diluted | 0.05 | 0.28 | -0.61 | 0.72 | 1.02 | 0.83 | 0.99 | 0.60 | 0.16 | 0.28 |
| Shares, diluted (wtd. avg.) | $11.9M | $12.0M | $11.6M | $12.1M | $12.0M | $11.9M | $11.2M | $11.2M | $10.0M | $9.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $36.5M | $27.7M | $21.1M | $7.1M | $6.6M | $7.7M | $3.0M | $1.3M | $2.5M | $829.0K |
| Receivables | $20.6M | $23.8M | $22.6M | $33.6M | $34.2M | $22.0M | $22.3M | $28.9M | $22.9M | $17.9M |
| Total current assets | $68.6M | $66.2M | $56.5M | $53.2M | $53.9M | $41.2M | $36.9M | $40.7M | $34.7M | $22.7M |
| Property, plant and equipment | $1.6M | $2.0M | $1.9M | $2.7M | $3.0M | $2.0M | $2.5M | $2.2M | $1.9M | $558.0K |
| Goodwill | $27.2M | $27.2M | $27.2M | $32.5M | $32.5M | $6.4M | $26.1M | $26.1M | $35.8M | $8.4M |
| Other intangibles | $7.8M | $10.3M | $13.0M | $15.8M | $18.8M | $21.9M | $20.1M | $22.7M | $25.5M | $7.3M |
| Total assets | $111.8M | $111.5M | $105.2M | $108.9M | $114.1M | $102.0M | $90.6M | $92.6M | $98.6M | $39.4M |
| Accounts payable | $3.5M | $4.7M | $4.7M | $4.5M | $5.0M | $2.6M | $4.0M | $4.1M | $5.0M | $2.0M |
| Short-term debt | — | — | $0 | $1.1M | $4.4M | $4.4M | $4.6M | $4.6M | $4.0M | $1.8M |
| Total current liabilities | $21.1M | $20.6M | $19.9M | $19.6M | $26.8M | $22.0M | $19.1M | $17.9M | $20.1M | $12.3M |
| Long-term debt | — | — | — | $0 | $8.7M | $12.9M | $20.7M | $34.1M | $34.1M | $8.1M |
| Total liabilities | $22.5M | $24.1M | $23.8M | $22.9M | $39.6M | $42.5M | $44.3M | $58.3M | $71.5M | $20.3M |
| Retained earnings | $56.4M | $55.8M | $52.4M | $59.6M | $50.8M | $38.6M | $28.8M | $17.6M | $10.9M | $9.3M |
| Total equity | $89.3M | $87.4M | $81.4M | $86.0M | $74.4M | $59.5M | $46.3M | $34.3M | $27.2M | $19.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.1M | $7.2M | $16.0M | $12.6M | $5.2M | $21.2M | $16.1M | -$471.0K | $3.3M | $2.3M |
| Depreciation and amortisation | $3.3M | $3.5M | $3.9M | $4.2M | $4.0M | $3.6M | $3.4M | $3.2M | $1.9M | $1.0M |
| Stock-based compensation | $3.1M | $2.2M | $3.1M | $2.2M | $2.2M | $2.0M | $936.0K | $470.0K | $381.0K | $408.0K |
| Capital expenditure | $376.0K | $941.0K | $335.0K | $835.0K | $1.9M | $298.0K | $1.0M | $771.0K | $1.1M | $105.0K |
| Investing cash flow | -$486.0K | -$941.0K | -$216.0K | -$818.0K | -$2.1M | -$9.6M | -$879.0K | -$1.1M | -$35.9M | -$38.0K |
| Financing cash flow | -$1.1M | $654.0K | -$1.6M | -$10.4M | -$4.1M | -$6.7M | -$13.4M | $550.0K | $34.2M | -$2.3M |
| Buybacks | $2.2M | $80.0K | $618.0K | — | — | — | $13.0K | $20.0K | $20.0K | $13.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-149074.
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