Business Description
Mastech Digital, Inc., along with its subsidiaries, is a prominent provider of digital transformation and IT solutions. It serves a diverse clientele of businesses, from small enterprises to large corporations, throughout the United States. The company's operations are distinctly divided into two primary divisions: Data and Analytics Services, and IT Staffing Services. Within its Data and Analytics arm, Mastech Digital offers project-based consulting, specializing in critical areas such as master data management, enterprise data integration, big data analytics, and broader digital transformation initiatives. These services leverage both on-site and offshore expert resources. Complementing this, its IT Staffing division provides a comprehensive suite of technology talent acquisition services. These span various domains including cloud computing, mobility, social technologies, automation, business intelligence/data warehousing, web services, enterprise resource planning (ERP), customer relationship management (CRM), and e-business solutions. Furthermore, the company extends its digital transformation offerings to include digital learning services and cloud-native enterprise applications designed to optimize sales, marketing, and customer service operations. Mastech Digital's expertise benefits a wide array of industry sectors, notably financial services, government, healthcare, manufacturing, retail, technology, telecommunications, and transportation. Originally established as Mastech Holdings, Inc., the company officially rebranded as Mastech Digital, Inc. in September 2016. Founded in 1986, Mastech Digital maintains its headquarters in Pittsburgh, Pennsylvania.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 0.05
Total Equity: $89.31M
Shares: 11,950,000
Total Debt: $2.42M
Cash: $36.53M
EBITDA: $4.39M
Total Debt: $2.42M
Cash: $36.53M
Revenue: $191.37M
Revenue: $191.37M
Revenue: $191.37M
Total Equity: $89.31M
Tax Rate: 42.7%
Equity: $89.31M
Total Debt: $2.42M
Cash: $36.53M
Current Liabilities: $21.06M
Long-Term Debt: $1.14M
Total Debt: $2.42M
Total Equity: $89.31M
Shares: 11,950,000
Shares: 11,950,000
CapEx: -$376,000
Shares: 11,950,000
Stock Price: $7.71
Net Income: $609,000
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 26, 2026 12:16pm (20h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $222.0M | $242.2M | $201.1M | $198.9M | $191.4M |
| Cost of Revenue | $162.6M | $179.1M | $150.1M | $143.3M | $138.3M |
| Gross Profit | $59.4M | $63.2M | $51.0M | $55.6M | $53.1M |
| Operating Expenses | $41.8M | $51.0M | $60.3M | $51.8M | $53.1M |
| Operating Income | $17.6M | $12.2M | -$9.3M | $3.8M | $1,000 |
| Net Income | $12.2M | $8.7M | -$7.1M | $3.4M | $609,000 |
| EBITDA | $18.8M | $17.8M | -$5.2M | $9.4M | $4.4M |
| EPS | $1.07 | $0.75 | $-0.61 | $0.29 | $0.05 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 26, 2026 12:16pm (20h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.6M | $7.1M | $21.1M | $27.7M | $36.5M |
| Total Current Assets | $53.9M | $53.2M | $56.5M | $66.2M | $68.6M |
| Total Assets | $114.1M | $108.9M | $105.2M | $111.5M | $111.8M |
| Current Liabilities | $26.8M | $19.6M | $19.9M | $20.6M | $21.1M |
| Long-Term Debt | $8.7M | $0 | $0 | $0 | $1.1M |
| Total Liabilities | $39.6M | $22.9M | $23.8M | $24.1M | $22.5M |
| Total Equity | $74.4M | $86.0M | $81.4M | $87.4M | $89.3M |
| Retained Earnings | $50.8M | $59.6M | $52.4M | $55.8M | $56.4M |
Cash Flow (Annual)
Last updated: Jun 26, 2026 12:16pm (20h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $5.2M | $12.6M | $16.0M | $7.2M | $11.1M |
| Capital Expenditure | -$1.9M | $-835,000 | $-335,000 | $-941,000 | $-376,000 |
| Free Cash Flow | $3.3M | $11.8M | $15.6M | $6.3M | $10.8M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $-618,000 | $-80,000 | -$2.2M |
| Net Change in Cash | -$1.1M | $435,000 | $14.1M | $6.6M | $8.8M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 7:21am (1h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$200.2M $199.8M – $200.5M
|
$192.8M $192.2M – $193.4M
|
$165.9M $164.1M – $167.6M
|
$175.7M $175.4M – $176.0M
|
| EBITDA |
$8.1M $8.1M – $8.1M
|
$7.8M $7.8M – $7.8M
|
$6.7M $6.7M – $6.8M
|
$7.1M $7.1M – $7.1M
|
| Net Income |
$8.0M $7.5M – $8.5M
|
$8.5M $7.8M – $9.1M
|
$5.4M $2.8M – $7.9M
|
$12.0M $11.1M – $12.8M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 26, 2026 12:16pm (20h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +9.1% | -17.0% | -1.1% | -3.8% |
| Gross Profit Growth | +6.3% | -19.2% | +8.9% | -4.6% |
| Operating Income Growth | -30.7% | -176.0% | +140.9% | -100.0% |
| Net Income Growth | -28.7% | -181.9% | +147.7% | -82.1% |
| EBITDA Growth | -5.6% | -129.1% | +281.4% | -53.3% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 7:21am (1h ago)All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-27 | SHAW STEVEN A | P-Purchase | 1,000.00 | $7.04 | $7,040 |
| 2026-04-15 | SHAW STEVEN A | P-Purchase | 3,000.00 | $6.84 | $20,520 |
| 2026-04-10 | SHAW STEVEN A | P-Purchase | 2,000.00 | $6.19 | $12,380 |
| 2026-04-09 | SHAW STEVEN A | P-Purchase | 4,000.00 | $6.05 | $24,200 |
| 2025-04-14 | Sugantharaman Kannan | A-Award | 150,000.00 | $7.60 | $1.1M |
| 2025-04-14 | Sugantharaman Kannan | 0.00 | $0.00 | $0 | |
| 2026-03-02 | SHAW STEVEN A | P-Purchase | 1,242.00 | $6.24 | $7,750 |
| 2026-02-27 | SHAW STEVEN A | P-Purchase | 3,800.00 | $5.94 | $22,572 |
| 2026-01-30 | SHAW STEVEN A | P-Purchase | 400.00 | $7.08 | $2,832 |
| 2026-01-29 | SHAW STEVEN A | P-Purchase | 4,480.00 | $6.96 | $31,181 |
| 2026-01-30 | SHAW STEVEN A | P-Purchase | 400.00 | $7.08 | $2,832 |
| 2026-01-29 | SHAW STEVEN A | P-Purchase | 4,480.00 | $6.96 | $31,181 |
| 2025-12-10 | SHAW STEVEN A | P-Purchase | 1,315.00 | $7.47 | $9,823 |
| 2025-12-09 | SHAW STEVEN A | P-Purchase | 2,758.00 | $7.11 | $19,609 |
| 2025-09-19 | SHAW STEVEN A | P-Purchase | 4,537.00 | $7.76 | $35,207 |
| 2025-08-29 | SHAW STEVEN A | P-Purchase | 3,500.00 | $8.00 | $28,000 |
| 2025-08-21 | SHAW STEVEN A | P-Purchase | 4,800.00 | $7.78 | $37,344 |
| 2025-07-16 | SHAW STEVEN A | P-Purchase | 500.00 | $7.94 | $3,970 |
| 2025-07-16 | SHAW STEVEN A | P-Purchase | 300.00 | $7.92 | $2,376 |
| 2025-07-15 | SHAW STEVEN A | P-Purchase | 3,068.00 | $7.90 | $24,237 |
Dividend History (Last 20)
Last updated: Jun 26, 2026 12:16pm (20h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2013-12-05 | $0.50 | 2013-11-01 | 2013-12-09 | 2013-12-20 |
| 2012-12-24 | $2.00 | 2012-11-29 | 2012-12-20 | 2012-12-21 |
Narrative Economics
market-narrative step).