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Side-by-side financial comparison of Aeries Technology, Inc. (AERT) 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 $17.5M, roughly 2.6× Aeries Technology, Inc.). Aeries Technology, Inc. runs the higher net margin — 6.6% vs 2.1%, a 4.5% gap on every dollar of revenue. On growth, Aeries Technology, Inc. posted the faster year-over-year revenue change (-0.8% vs -10.4%). Mastech Digital, Inc. produced more free cash flow last quarter ($4.3M vs $2.1M). Over the past eight quarters, Mastech Digital, Inc.'s revenue compounded faster (-1.5% CAGR vs -5.9%).
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.
AERT vs MHH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.5M | $45.5M |
| Net Profit | $1.2M | $972.0K |
| Gross Margin | 19.1% | 28.3% |
| Operating Margin | 4.4% | 2.2% |
| Net Margin | 6.6% | 2.1% |
| Revenue YoY | -0.8% | -10.4% |
| Net Profit YoY | -56.7% | 227.3% |
| EPS (diluted) | $0.02 | $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 | $17.5M | $45.5M | ||
| Q3 25 | $17.4M | $48.5M | ||
| Q2 25 | $15.3M | $49.1M | ||
| Q1 25 | $19.1M | $48.3M | ||
| Q4 24 | $17.6M | $50.7M | ||
| Q3 24 | $16.9M | $51.8M | ||
| Q2 24 | $16.7M | $49.5M | ||
| Q1 24 | $19.7M | $46.8M |
| Q4 25 | $1.2M | $972.0K | ||
| Q3 25 | $369.0K | $941.0K | ||
| Q2 25 | $1.6M | $135.0K | ||
| Q1 25 | $-6.0M | $-1.4M | ||
| Q4 24 | $2.7M | $297.0K | ||
| Q3 24 | $-2.3M | $1.9M | ||
| Q2 24 | $-14.7M | $1.4M | ||
| Q1 24 | $32.1M | $-161.0K |
| Q4 25 | 19.1% | 28.3% | ||
| Q3 25 | 28.9% | 27.8% | ||
| Q2 25 | 24.6% | 28.1% | ||
| Q1 25 | 26.7% | 26.7% | ||
| Q4 24 | 23.0% | 29.0% | ||
| Q3 24 | 21.2% | 28.5% | ||
| Q2 24 | 24.1% | 28.2% | ||
| Q1 24 | 32.1% | 25.9% |
| Q4 25 | 4.4% | 2.2% | ||
| Q3 25 | 11.4% | 1.7% | ||
| Q2 25 | 5.3% | 0.1% | ||
| Q1 25 | -16.3% | -3.8% | ||
| Q4 24 | -29.3% | 0.1% | ||
| Q3 24 | -24.3% | 4.7% | ||
| Q2 24 | -98.5% | 3.4% | ||
| Q1 24 | -0.0% | -0.9% |
| Q4 25 | 6.6% | 2.1% | ||
| Q3 25 | 2.1% | 1.9% | ||
| Q2 25 | 10.3% | 0.3% | ||
| Q1 25 | -31.6% | -3.0% | ||
| Q4 24 | 15.2% | 0.6% | ||
| Q3 24 | -13.5% | 3.6% | ||
| Q2 24 | -87.9% | 2.8% | ||
| Q1 24 | 163.1% | -0.3% |
| Q4 25 | $0.02 | $0.08 | ||
| Q3 25 | $0.01 | $0.08 | ||
| Q2 25 | $0.03 | $0.01 | ||
| Q1 25 | $-0.10 | $-0.12 | ||
| Q4 24 | $0.08 | $0.01 | ||
| Q3 24 | $-0.05 | $0.16 | ||
| Q2 24 | $-0.39 | $0.12 | ||
| Q1 24 | — | $-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 | $2.6M | $36.5M |
| Total DebtLower is stronger | $943.0K | — |
| Stockholders' EquityBook value | $-1.2M | $89.3M |
| Total Assets | $42.0M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6M | $36.5M | ||
| Q3 25 | $1.9M | $32.7M | ||
| Q2 25 | $2.1M | $27.9M | ||
| Q1 25 | $2.8M | $24.7M | ||
| Q4 24 | $2.4M | $27.7M | ||
| Q3 24 | $3.6M | $23.9M | ||
| Q2 24 | $4.2M | $20.6M | ||
| Q1 24 | $2.1M | $19.4M |
| Q4 25 | $943.0K | — | ||
| Q3 25 | $960.0K | — | ||
| Q2 25 | $1.1M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $1.7M | — | ||
| Q1 24 | $1.5M | — |
| Q4 25 | $-1.2M | $89.3M | ||
| Q3 25 | $-2.9M | $88.0M | ||
| Q2 25 | $-4.3M | $87.8M | ||
| Q1 25 | $-5.8M | $86.9M | ||
| Q4 24 | $692.0K | $87.4M | ||
| Q3 24 | $-2.3M | $86.5M | ||
| Q2 24 | $-231.0K | $84.0M | ||
| Q1 24 | $-12.2M | $81.7M |
| Q4 25 | $42.0M | $111.8M | ||
| Q3 25 | $40.5M | $112.6M | ||
| Q2 25 | $38.8M | $110.4M | ||
| Q1 25 | $39.8M | $110.1M | ||
| Q4 24 | $50.7M | $111.5M | ||
| Q3 24 | $52.0M | $111.5M | ||
| Q2 24 | $51.8M | $107.5M | ||
| Q1 24 | $49.4M | $106.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.17× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.4M | $4.4M |
| Free Cash FlowOCF − Capex | $2.1M | $4.3M |
| FCF MarginFCF / Revenue | 12.2% | 9.5% |
| Capex IntensityCapex / Revenue | 1.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.05× | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | $4.6M | $10.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $4.4M | ||
| Q3 25 | $1.0M | $6.5M | ||
| Q2 25 | $1.4M | $3.3M | ||
| Q1 25 | $864.0K | $-3.0M | ||
| Q4 24 | $-2.1M | $4.0M | ||
| Q3 24 | $1.9M | $3.3M | ||
| Q2 24 | $-1.7M | $1.2M | ||
| Q1 24 | $-3.0M | $-1.3M |
| Q4 25 | $2.1M | $4.3M | ||
| Q3 25 | $653.0K | $6.3M | ||
| Q2 25 | $1.1M | $3.2M | ||
| Q1 25 | $752.0K | $-3.1M | ||
| Q4 24 | $-2.5M | $3.9M | ||
| Q3 24 | $1.3M | $3.2M | ||
| Q2 24 | $-2.1M | $707.0K | ||
| Q1 24 | $-3.5M | $-1.6M |
| Q4 25 | 12.2% | 9.5% | ||
| Q3 25 | 3.8% | 13.0% | ||
| Q2 25 | 7.2% | 6.6% | ||
| Q1 25 | 3.9% | -6.4% | ||
| Q4 24 | -14.0% | 7.7% | ||
| Q3 24 | 7.8% | 6.2% | ||
| Q2 24 | -12.5% | 1.4% | ||
| Q1 24 | -17.6% | -3.4% |
| Q4 25 | 1.3% | 0.1% | ||
| Q3 25 | 2.1% | 0.4% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 2.2% | 0.2% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 2.3% | 0.6% |
| Q4 25 | 2.05× | 4.48× | ||
| Q3 25 | 2.78× | 6.88× | ||
| Q2 25 | 0.87× | 24.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.78× | 13.60× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | -0.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AERT
Segment breakdown not available.
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
