15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 2.9% per year over the past 5 years.
Net income has grown slower than revenue (-85.6% vs -2.9% per year).
Operating margin has contracted, at 0.0% in the latest year.
Free cash flow has declined 12.5% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-50.8% vs -2.9% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$191M
$609
27.7%
0.0%
0.0%
0.0%
$11M
—
$37M
2024
$199M
$3402
27.9%
1.9%
0.0%
0.0%
$6M
—
$28M
2023
$201M
-$7138
25.4%
-4.6%
-0.0%
-0.0%
$16M
—
$21M
2022
$242M
$9M
26.1%
5.0%
10.1%
8.0%
$12M
$1M
$7M
2021
$222M
$12M
26.8%
7.9%
16.4%
10.7%
$3M
$13M
$7M
2020
$222M
$10M
23.2%
6.0%
16.6%
9.7%
$21M
$17M
$8M
2019
$194M
$11M
24.8%
8.8%
24.1%
12.3%
$15M
$25M
$3M
2018
$177M
$7M
24.0%
6.6%
19.5%
7.2%
-$1M
$39M
$1M
2017
$148M
$2M
21.4%
2.8%
6.0%
1.6%
$2M
$38M
$2M
2016
—
$3M
—
—
13.2%
6.4%
$2M
$10M
$829000
2015
—
$3M
—
—
17.4%
7.2%
$3M
$13M
$848000
2014
—
$3M
—
—
26.6%
17.1%
$3M
—
$3M
2013
—
$4M
—
—
40.2%
22.3%
$3M
—
$424000
2012
—
$2M
—
—
31.1%
13.0%
$861000
—
$659000
2011
—
$1M
—
—
8.5%
5.6%
$265000
—
$6M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$42M
$7000
28.7%
0.0%
0.0%
0.0%
$2M
—
$38M
Jun '26
$41M
-$100000
29.0%
-0.8%
-0.1%
-0.1%
$2M
—
$36M
Mar '26
$41M
$264000
26.8%
0.1%
0.3%
0.2%
-$3M
—
$34M
Dec '25
$45M
$972000
28.3%
2.2%
1.1%
0.9%
$4M
—
$37M
Sep '25
$48M
$941000
27.8%
1.7%
1.1%
0.8%
$6M
—
$33M
Jun '25
$49M
$135000
28.1%
0.1%
0.2%
0.1%
$3M
—
$28M
Mar '25
$48M
-$1M
26.7%
-3.8%
-1.7%
-1.3%
-$3M
—
$25M
Dec '24
$51M
$297000
29.0%
0.1%
0.3%
0.3%
$4M
—
$28M
Sep '24
$52M
$2M
28.5%
4.7%
2.2%
1.7%
$3M
—
$24M
Jun '24
$50M
$1M
28.2%
3.4%
1.7%
1.3%
$707000
—
$21M
Mar '24
$47M
-$161000
25.9%
-0.9%
-0.2%
-0.2%
-$2M
—
$19M
Dec '23
$46M
-$5M
24.6%
-15.0%
-6.6%
-5.1%
$5M
—
$21M
Sep '23
$48M
$125000
26.3%
-0.1%
0.1%
0.1%
-$3M
—
$16M
Jun '23
$52M
-$2M
26.1%
-5.4%
-2.5%
-2.0%
$10M
—
$19M
Mar '23
$55M
$261000
24.5%
1.0%
0.3%
0.2%
$3M
—
$9M
Dec '22
$57M
$2M
24.8%
3.5%
1.8%
1.4%
$5M
$1M
$7M
Sep '22
$63M
$2M
25.8%
5.3%
2.8%
2.1%
$6M
$2M
$3M
Jun '22
$62M
$2M
27.0%
5.7%
3.0%
2.0%
$307000
$11M
$7M
Mar '22
$60M
$2M
26.7%
5.5%
3.0%
2.0%
$833000
$12M
$7M
Dec '21
$59M
$4M
26.6%
9.2%
5.2%
3.4%
$2M
$13M
$7M
Valuation over time
How the market has priced MHH against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 16.8× (Mar '23) to 123254.7× (Nov '26).
The price-to-sales ratio has fallen from 0.6× (Mar '23) to 0.4× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is MHH growing its revenue and profit?
Over the past 5 years, Mastech Digital, Inc.'s revenue has declined 2.9% per year, and net income declined 85.6% per year. These are computed facts, not advice.
How much debt does MHH have?
As of FY2025, Mastech Digital, Inc. reported — of total debt against $37M of cash.
What is MHH's profit margin?
In FY2025, gross margin was 27.7%, operating margin 0.0%, and net margin 0.0%.
What is MHH's P/E ratio?
Mastech Digital, Inc.'s P/E (TTM) is 65.67 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MHH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 123254.7× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.