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
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
FCF
Total debt
Cash
2025
$191M
$609
27.7%
0.0%
$11M
—
$37M
2024
$199M
$3402
27.9%
1.9%
$6M
—
$28M
2023
$201M
-$7138
25.4%
-4.6%
$16M
—
$21M
2022
$242M
$9M
26.1%
5.0%
$12M
$1M
$7M
2021
$222M
$12M
26.8%
7.9%
$3M
$13M
$7M
2020
$222M
$10M
23.2%
6.0%
$21M
$17M
$8M
2019
$194M
$11M
24.8%
8.8%
$15M
$25M
$3M
2018
$177M
$7M
24.0%
6.6%
-$1M
$39M
$1M
2017
$148M
$2M
21.4%
2.8%
$2M
$38M
$2M
2016
—
$3M
—
—
$2M
$10M
$829000
2015
—
$3M
—
—
$3M
$13M
$848000
2014
—
$3M
—
—
$3M
—
$3M
2013
—
$4M
—
—
$3M
—
$424000
2012
—
$2M
—
—
$861000
—
$659000
2011
—
$1M
—
—
$265000
—
$6M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$41M
$264000
26.8%
0.1%
-$3M
—
$34M
Dec '25
$45M
$972000
28.3%
2.2%
$4M
—
$37M
Sep '25
$48M
$941000
27.8%
1.7%
$6M
—
$33M
Jun '25
$49M
$135000
28.1%
0.1%
$3M
—
$28M
Mar '25
$48M
-$1M
26.7%
-3.8%
-$3M
—
$25M
Dec '24
$51M
$297000
29.0%
0.1%
$4M
—
$28M
Sep '24
$52M
$2M
28.5%
4.7%
$3M
—
$24M
Jun '24
$50M
$1M
28.2%
3.4%
$707000
—
$21M
Mar '24
$47M
-$161000
25.9%
-0.9%
-$2M
—
$19M
Dec '23
$46M
-$5M
24.6%
-15.0%
$5M
—
$21M
Sep '23
$48M
$125000
26.3%
-0.1%
-$3M
—
$16M
Jun '23
$52M
-$2M
26.1%
-5.4%
$10M
—
$19M
Mar '23
$55M
$261000
24.5%
1.0%
$3M
—
$9M
Dec '22
$57M
$2M
24.8%
3.5%
$5M
$1M
$7M
Sep '22
$63M
$2M
25.8%
5.3%
$6M
$2M
$3M
Jun '22
$62M
$2M
27.0%
5.7%
$307000
$11M
$7M
Mar '22
$60M
$2M
26.7%
5.5%
$833000
$12M
$7M
Dec '21
$59M
$4M
26.6%
9.2%
$2M
$13M
$7M
Sep '21
$60M
$3M
27.9%
8.4%
$1M
$14M
$5M
Jun '21
$54M
$4M
26.7%
9.9%
-$794000
$15M
$5M
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 151602.7× (Jun '26).
The price-to-sales ratio has fallen from 0.6× (Mar '23) to 0.5× (Jun '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?
As of Jun '26, Mastech Digital, Inc. traded at a price-to-earnings ratio of about 151602.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.