Mastech Digital, Inc. (MHH) intrinsic value & 10-year financials
Mastech Digital, Inc. (MHH) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 4.2% a year to $191.4M, with an average return on invested capital of 8.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $6.35
- Market cap
- $75.9M
- Revenue (FY2025)
- $191.4M
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- 8.2%
- Free cash flow (FY2025)
- $10.8M
MHH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $191.4M | $609.0K | $0.05 | $10.8M | 0.0% | 0.0% |
| FY2024 | $198.9M | $3.4M | $0.28 | $6.3M | 1.9% | 4.6% |
| FY2023 | $201.1M | -$7.1M | -$0.61 | $15.6M | -4.6% | -10.0% |
| FY2022 | $242.2M | $8.7M | $0.72 | $11.8M | 5.0% | 10.4% |
| FY2021 | $222.0M | $12.2M | $1.02 | $3.3M | 7.9% | 17.0% |
| FY2020 | $194.1M | $9.9M | $0.83 | $20.9M | 6.9% | 15.1% |
| FY2019 | $193.6M | $11.1M | $0.99 | $15.1M | 8.8% | 17.7% |
| FY2018 | $177.2M | $6.7M | $0.60 | -$1.2M | 6.6% | 12.2% |
| FY2017 | $147.9M | $1.6M | $0.33 | $2.2M | 2.8% | 4.9% |
| FY2016 | $132.0M | $2.5M | $0.56 | $2.2M | 3.4% | 10.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Mastech Digital, Inc. has demonstrated mature, steady growth, with revenue compounding at 4.2% annually over the past decade.
Mastech Digital, Inc. returns on capital have been average, hovering around 8.2% ROIC over the decade.
Mastech Digital, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Mastech Digital, Inc. is modeled at -23.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.66 per share.