vs
Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Mastech Digital, Inc. (MHH). Click either name above to swap in a different company.
Mastech Digital, Inc. is the larger business by last-quarter revenue ($45.5M vs $43.2M, roughly 1.1× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 2.1%, a 121.9% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs -10.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $4.3M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs -1.5%).
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
ADAM vs MHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $45.5M |
| Net Profit | $53.5M | $972.0K |
| Gross Margin | — | 28.3% |
| Operating Margin | — | 2.2% |
| Net Margin | 124.0% | 2.1% |
| Revenue YoY | 61.6% | -10.4% |
| Net Profit YoY | 270.5% | 227.3% |
| EPS (diluted) | $0.45 | $0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.2M | $45.5M | ||
| Q3 25 | $36.6M | $48.5M | ||
| Q2 25 | $36.4M | $49.1M | ||
| Q1 25 | $33.1M | $48.3M | ||
| Q4 24 | $26.7M | $50.7M | ||
| Q3 24 | $20.2M | $51.8M | ||
| Q2 24 | $19.0M | $49.5M | ||
| Q1 24 | $17.9M | $46.8M |
| Q4 25 | $53.5M | $972.0K | ||
| Q3 25 | $44.8M | $941.0K | ||
| Q2 25 | $8.5M | $135.0K | ||
| Q1 25 | $42.2M | $-1.4M | ||
| Q4 24 | $-31.4M | $297.0K | ||
| Q3 24 | $42.8M | $1.9M | ||
| Q2 24 | $-15.6M | $1.4M | ||
| Q1 24 | $-57.9M | $-161.0K |
| Q4 25 | — | 28.3% | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | 11.7% | 0.1% | ||
| Q1 25 | — | -3.8% | ||
| Q4 24 | -119.0% | 0.1% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | -124.7% | 3.4% | ||
| Q1 24 | -448.8% | -0.9% |
| Q4 25 | 124.0% | 2.1% | ||
| Q3 25 | 122.5% | 1.9% | ||
| Q2 25 | 23.4% | 0.3% | ||
| Q1 25 | 127.4% | -3.0% | ||
| Q4 24 | -117.5% | 0.6% | ||
| Q3 24 | 211.7% | 3.6% | ||
| Q2 24 | -81.9% | 2.8% | ||
| Q1 24 | -324.1% | -0.3% |
| Q4 25 | $0.45 | $0.08 | ||
| Q3 25 | $0.36 | $0.08 | ||
| Q2 25 | $-0.04 | $0.01 | ||
| Q1 25 | $0.33 | $-0.12 | ||
| Q4 24 | $-0.46 | $0.01 | ||
| Q3 24 | $0.36 | $0.16 | ||
| Q2 24 | $-0.29 | $0.12 | ||
| Q1 24 | $-0.75 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $36.5M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $89.3M |
| Total Assets | $12.6B | $111.8M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $36.5M | ||
| Q3 25 | $185.3M | $32.7M | ||
| Q2 25 | $160.4M | $27.9M | ||
| Q1 25 | $177.1M | $24.7M | ||
| Q4 24 | $167.4M | $27.7M | ||
| Q3 24 | $195.1M | $23.9M | ||
| Q2 24 | $235.5M | $20.6M | ||
| Q1 24 | $226.9M | $19.4M |
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.4B | $89.3M | ||
| Q3 25 | $1.4B | $88.0M | ||
| Q2 25 | $1.4B | $87.8M | ||
| Q1 25 | $1.4B | $86.9M | ||
| Q4 24 | $1.4B | $87.4M | ||
| Q3 24 | $1.4B | $86.5M | ||
| Q2 24 | $1.4B | $84.0M | ||
| Q1 24 | $1.5B | $81.7M |
| Q4 25 | $12.6B | $111.8M | ||
| Q3 25 | $12.4B | $112.6M | ||
| Q2 25 | $10.6B | $110.4M | ||
| Q1 25 | $10.0B | $110.1M | ||
| Q4 24 | $9.2B | $111.5M | ||
| Q3 24 | $8.9B | $111.5M | ||
| Q2 24 | $8.2B | $107.5M | ||
| Q1 24 | $7.4B | $106.1M |
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $134.0M | $4.4M |
| Free Cash FlowOCF − Capex | $125.9M | $4.3M |
| FCF MarginFCF / Revenue | 291.6% | 9.5% |
| Capex IntensityCapex / Revenue | 18.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.50× | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $4.4M | ||
| Q3 25 | $6.9M | $6.5M | ||
| Q2 25 | $39.2M | $3.3M | ||
| Q1 25 | $25.8M | $-3.0M | ||
| Q4 24 | $14.1M | $4.0M | ||
| Q3 24 | $-922.0K | $3.3M | ||
| Q2 24 | $-993.0K | $1.2M | ||
| Q1 24 | $-13.1M | $-1.3M |
| Q4 25 | $125.9M | $4.3M | ||
| Q3 25 | — | $6.3M | ||
| Q2 25 | — | $3.2M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | $-10.6M | $3.9M | ||
| Q3 24 | $-8.6M | $3.2M | ||
| Q2 24 | $-8.6M | $707.0K | ||
| Q1 24 | $-19.1M | $-1.6M |
| Q4 25 | 291.6% | 9.5% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | -39.6% | 7.7% | ||
| Q3 24 | -42.3% | 6.2% | ||
| Q2 24 | -44.9% | 1.4% | ||
| Q1 24 | -107.0% | -3.4% |
| Q4 25 | 18.9% | 0.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 92.3% | 0.2% | ||
| Q3 24 | 37.7% | 0.1% | ||
| Q2 24 | 39.7% | 1.0% | ||
| Q1 24 | 33.5% | 0.6% |
| Q4 25 | 2.50× | 4.48× | ||
| Q3 25 | 0.15× | 6.88× | ||
| Q2 25 | 4.59× | 24.41× | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | 13.60× | ||
| Q3 24 | -0.02× | 1.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
