MHH
Mastech Digital, Inc.
MHH's fundamentals are mixed, but it looks expensive: trading at 70x earnings, about three times its usual 21x. Analysts expect strong earnings growth, though they disagree widely on how much.
MHH Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Under pressure | |
| Healthy |
MHH's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
MHH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9x | $6.26 | — |
| Cheap | 15x | $1.36 | -78% |
| Fair | 20x | $1.84 | -71% |
| Expensive | 44x | $3.97 | -37% |
| Current | 70x | $6.26 | — |
Historical ranges are pointers, not guarantees.
MHH's PE is in its expensive range at 70x. If earnings grow as analysts expect, today's price would be 9.0x next year's earnings, in its cheap range.
MHH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect MHH's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
MHH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.69 | +672% |
| Q3 2026 | $0.09 | +$0.11 |
| Q2 2026 | $0.17 | +183% |
| Q1 2026 | $0.19 | +12% |
| Q4 2025 | $0.05 | -82% |
| Q3 2025 | -$0.02 | +$0.16 |
| Q2 2025 | $0.06 | +$0.39 |
| Q1 2025 | $0.17 | +$0.81 |
| Q4 2024 | $0.28 | +$0.89 |
MHH has returned to profit: it earned $0.09 per share over the past year, after losing money the year before.
MHH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42M | -13% |
| Q2 2026 | $41.4M | -16% |
| Q1 2026 | $41.1M | -15% |
| Q4 2025 | $45.5M | -10% |
| Q3 2025 | $48.5M | -6.4% |
| Q2 2025 | $49.1M | -0.9% |
| Q1 2025 | $48.3M | +3.2% |
| Q4 2024 | $50.7M | +10% |
MHH's revenue has slid since its 2022 peak: $42M last quarter, down 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0% | -1.7 points |
| Q2 2026 | -0.8% | -0.8 points |
| Q1 2026 | 0.1% | +4 points |
| Q4 2025 | 2.2% | +2.1 points |
| Q3 2025 | 1.7% | -3 points |
| Q2 2025 | 0.1% | -3.4 points |
| Q1 2025 | -3.8% | -3 points |
| Q4 2024 | 0.1% | +15 points |
MHH's operating margin was 0% last quarter, down 1.7 points from the same quarter a year ago.
MHH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.4M | -61% |
| Q2 2026 | $2.2M | -33% |
| Q1 2026 | -$3.2M | -$119K |
| Q4 2025 | $4.3M | +10% |
| Q3 2025 | $6.3M | +95% |
| Q2 2025 | $3.2M | +358% |
| Q1 2025 | -$3.1M | -$1.5M |
| Q4 2024 | $3.9M | -26% |
MHH still generates free cash flow, though less than at its 2023 peak: $6M over the past year.
MHH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +155K shares |
| 1 year | +1.9% | +221K shares |
| 3 years | +1.7% | +198K shares |
| 5 years | +1.2% | +141K shares |
| Available history | +8.3% | +934K shares |
MHH has 12M diluted shares, up 1.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $654,000 |
| Q3 2025 | $1.5M |
| Q2 2025 | $114,000 |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
MHH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -9.5x | Net Cash |
| Q2 2026 | -7.4x | Net Cash |
| Q1 2026 | -6.5x | Net Cash |
| Q4 2025 | -11.0x | Net Cash |
| Q3 2025 | -13.6x | Net Cash |
| Q2 2025 | -6.9x | Net Cash |
| Q1 2025 | -4.3x | Net Cash |
| Q4 2024 | -3.8x | Net Cash |
MHH has more cash than debt.
MHH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 5.7 | Oversold |
MHH's weekly RSI is 37 (neutral) and its Stochastic is 6 (oversold).
MHH PE vs Industrials Sector
| Metric | MHH | Sector median | Relative |
|---|---|---|---|
| PE | 70x | 24x | 189% above |
| PE % | 90 | 58 | 32 pts above |
MHH is trading at 70x earnings, a 189% premium to the Industrials sector's median of 24x.
MHH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.60 | 5.2% below |
| 20 week MA | $7.20 | 13% below |
| 50 week MA | $6.95 | 9.9% below |
| 100 week MA | $7.99 | 22% below |
| 200 week MA | $8.91 | 30% below |
MHH is in a downtrend: it's below all five of its weekly moving averages, and 30% below its 200-week average.
MHH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.0 | $16.9 | +54% |
| 2021 | $16.9 | $16.6 | -1.7% |
| 2022 | $16.6 | $12.4 | -25% |
| 2023 | $12.4 | $8.43 | -32% |
| 2024 | $8.43 | $15.0 | +78% |
| 2025 | $15.0 | $7.28 | -51% |
| 2026 YTD | $7.28 | $6.26 | -14% |
MHH has finished lower in four of the last six years. It's down 14% so far in 2026.