MHH - Mastech Digital, Inc.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	-3.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-176%)	-1.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-121%)	-17.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-440%)	9.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+82%)	14.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+188%)	0.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-95%)	9.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+85%)	19.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+296%)	12.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+141%)	6.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+38%)	8.8% Fair → Fair Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+75%)	6.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+24%)	17.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+255%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-68%)	24.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+390%)	1.0% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-80%)	—	—
EPS Growth YoY (%)	-82.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-29.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	23.0% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-13.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	65.6% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	281.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-43.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-9.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-20.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-13.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	71.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	76.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	66.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-53.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-82.1% Weak Weak Year-over-year change in net income	N/M	N/M	-28.7% Weak ↓ Weak Declining Year-over-year change in net income	23.9% Good ↓ Good Declining Year-over-year change in net income	-11.5% Weak ↓ Weak Declining Year-over-year change in net income	66.6% Excellent ↓ Excellent Declining Year-over-year change in net income	311.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-35.5% Weak ↓ Weak Declining Year-over-year change in net income	-8.5% Weak ↓ Weak Declining Year-over-year change in net income	-19.6% Weak ↓ Weak Declining Year-over-year change in net income	-10.0% Weak ↓ Weak Declining Year-over-year change in net income	77.9% Excellent ↑ Excellent Improving Year-over-year change in net income	92.2% Excellent ↑ Excellent Improving Year-over-year change in net income	67.9% Excellent Excellent Year-over-year change in net income	-52.5% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	71.0% Excellent → Excellent Stable Year-over-year change in free cash flow	-60.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	32.5% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	250.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-84.3% Weak Weak Year-over-year change in free cash flow	35.7% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-10.1% Weak ↑ Weak Improving Year-over-year change in free cash flow	-24.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	10.6% Fair ↓ Fair Declining Year-over-year change in free cash flow	-19.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	251.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	222.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	9.2% Fair Fair Year-over-year change in free cash flow	-91.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-7.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-3.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	7.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	13.6% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	9.2% Fair → Fair Stable Compound annual revenue growth over 3 years	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	10.8% Good → Good Stable Compound annual revenue growth over 3 years	8.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	14.2% Good Good Compound annual revenue growth over 3 years	8.5% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.6% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	10.4% Good → Good Stable Compound annual revenue growth over 5 years	11.0% Good → Good Stable Compound annual revenue growth over 5 years	9.5% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.3% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.3% Good → Good Stable Compound annual revenue growth over 5 years	8.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.5% Good Good Compound annual revenue growth over 5 years	9.8% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-59.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-35.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-9.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	20.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	75.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	52.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	24.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-26.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-14.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	5.9% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	38.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	71.6% Excellent Excellent Compound annual EPS growth over 3 years	10.8% Good Good Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	0.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	1.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	-4.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-138%)	5.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	7.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	6.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	8.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	6.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	2.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	3.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	3.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	4.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	5.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	3.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	2.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	1.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	3.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	—
Effective Tax Rate (%) (%)	42.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.9% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.8% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.9% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	44.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.3% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.8% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.9% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	0.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	1.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	-3.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	3.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	5.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	5.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	5.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	3.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	1.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	2.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	3.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	3.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	2.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	1.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	0.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	2.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	—
FCF Margin (%) (%)	5.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	0.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	3.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	17.67x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.84x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.35x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.27x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.12x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.35x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-0.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	1.04x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.40x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.21x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.33x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.84x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	0.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-9.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	15.3% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	14.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	18.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	12.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	10.4% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	11.0% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	26.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	35.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	30.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	11.3% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	6.8% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	16.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-8.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	11.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	15.4% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	13.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	18.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	12.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	11.4% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	27.6% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	31.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	20.5% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	9.4% Fair Fair Operating profit relative to total assets Optimal: > 10%	5.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	0.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-95%)	3.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	-8.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-158%)	10.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	16.4% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+9%)	16.6% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	24.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+61%)	19.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+30%)	6.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	13.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	17.4% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+16%)	26.6% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+77%)	40.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+168%)	31.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+107%)	8.5% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	5.4% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-64%)	12.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	—	—	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.12x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-83%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.45x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	1.00x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+42%)	1.26x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+80%)	0.43x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.68x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	—	—	—	—	—	—	—
Interest Coverage (x)	—	—	-215.70x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	37.65x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	28.27x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.21x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.54x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.64x Good Good Operating income divided by interest expense Optimal: > 5x	4.41x Fair Fair Operating income divided by interest expense Optimal: > 5x	—	—	—	57.01x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	49.57x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	48.97x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	48.36x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	136.53x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-36.53M	$-27.74M	$-21.15M	$-7.06M	$2.08M	$5.20M	$17.70M	$32.84M	$31.67M	$7.31M	$9.89M	$-2.57M	$-424.00K	$-659.00K	$-5.75M	$-6.33M	$-7.11M	$-4.36M
Debt / EBITDA (x)	—	—	—	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.49x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.96x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.22x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.94x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.37x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.73x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.19x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$16.29	$17.05	$17.32	$20.90	$19.41	$17.19	$17.55	$16.18	$14.90	$15.02	$14.23	$13.14	$12.75	$11.14	$12.23	$9.77	$9.85	—
Basic EPS, GAAP (USD)	$0.05	$0.29	$-0.61	$0.75	$1.07	$0.87	$1.01	$0.61	$0.16	$0.28	$0.32	$0.40	$0.46	$0.27	$0.15	$0.09	$0.20	—
Free Cash Flow per Share (USD)	$0.92	$0.54	$1.35	$1.02	$0.29	$1.85	$1.37	$-0.11	$0.22	$0.25	$0.33	$0.30	$0.37	$0.11	$0.03	$0.03	$0.36	—
Dividend per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	—	$0.25	—	—	—	—	—
Book Value per Share (USD)	$7.60	$7.49	$7.01	$7.42	$6.51	$5.27	$4.20	$3.13	$2.74	$2.17	$1.82	$1.49	$1.13	$0.85	$1.79	$1.68	$1.56	—
Tangible Book Value per Share (USD)	$4.63	$4.28	$3.55	$3.26	$2.03	$2.76	$0.01	$-1.33	$-3.44	$0.38	$-0.09	$1.49	$1.13	$0.79	$1.72	$1.61	$1.56	—
Basic Weighted Avg Shares (shares)	11.75M	11.67M	11.61M	11.59M	11.44M	11.29M	11.03M	10.95M	9.92M	8.79M	8.68M	8.64M	8.39M	8.15M	7.31M	7.35M	7.22M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	—	—	54.9% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$47.51M	$45.63M	$36.59M	$33.62M	$27.06M	$19.19M	$17.84M	$22.79M	$14.56M	$10.71M	$8.91M	$11.66M	$8.81M	$5.86M	$11.86M	$11.58M	—	—
LT Debt (USD)	—	—	—	$0.00	$8.70M	$12.88M	$20.68M	$34.13M	$34.15M	$8.14M	$10.74M	—	—	—	—	—	—	—
Total Equity (USD)	$89.31M	$87.43M	$81.44M	$86.00M	$74.43M	$59.53M	$46.28M	$34.28M	$27.15M	$19.07M	$15.80M	$12.87M	$9.46M	$6.89M	$13.05M	$12.35M	$11.25M	$9.40M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$191.37M	$198.94M	$201.10M	$242.24M	$222.01M	$194.10M	$193.57M	$177.16M	$147.88M	$132.01M	$123.47M	$113.52M	$106.90M	$90.77M	$89.36M	$71.79M	$71.06M	—
Depreciation Expense (USD)	—	—	—	—	—	—	—	—	—	$203.00K	$219.00K	$143.00K	$153.00K	$158.00K	$181.00K	$180.00K	$223.00K	—
Net Income, GAAP (USD)	$609.00K	$3.40M	$-7.14M	$8.71M	$12.22M	$9.86M	$11.14M	$6.69M	$1.63M	$2.52M	$2.75M	$3.42M	$3.81M	$2.14M	$1.11M	$663.00K	$1.40M	—
Operating Cash Flow (USD)	$11.13M	$7.19M	$15.98M	$12.62M	$5.22M	$21.23M	$16.08M	$-471.00K	$3.35M	$2.29M	$3.03M	$3.25M	$3.21M	$997.00K	$470.00K	$354.00K	$2.71M	—

Mastech Digital, Inc.

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