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Side-by-side financial comparison of Mastech Digital, Inc. (MHH) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $45.5M, roughly 1.7× Mastech Digital, Inc.). Mastech Digital, Inc. runs the higher net margin — 2.1% vs -178.3%, a 180.4% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -10.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $4.3M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% 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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
MHH vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.5M | $78.6M |
| Net Profit | $972.0K | $-140.1M |
| Gross Margin | 28.3% | 74.2% |
| Operating Margin | 2.2% | -182.2% |
| Net Margin | 2.1% | -178.3% |
| Revenue YoY | -10.4% | 0.4% |
| Net Profit YoY | 227.3% | -3304.1% |
| EPS (diluted) | $0.08 | $-1.68 |
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 | $45.5M | $78.6M | ||
| Q3 25 | $48.5M | $77.7M | ||
| Q2 25 | $49.1M | $75.6M | ||
| Q1 25 | $48.3M | $77.3M | ||
| Q4 24 | $50.7M | $78.3M | ||
| Q3 24 | $51.8M | $79.1M | ||
| Q2 24 | $49.5M | $74.9M | ||
| Q1 24 | $46.8M | $80.7M |
| Q4 25 | $972.0K | $-140.1M | ||
| Q3 25 | $941.0K | $-6.4M | ||
| Q2 25 | $135.0K | $-102.3M | ||
| Q1 25 | $-1.4M | $-7.9M | ||
| Q4 24 | $297.0K | $-4.1M | ||
| Q3 24 | $1.9M | $3.2M | ||
| Q2 24 | $1.4M | $-4.1M | ||
| Q1 24 | $-161.0K | $-5.2M |
| Q4 25 | 28.3% | 74.2% | ||
| Q3 25 | 27.8% | 74.4% | ||
| Q2 25 | 28.1% | 75.7% | ||
| Q1 25 | 26.7% | 75.9% | ||
| Q4 24 | 29.0% | 76.3% | ||
| Q3 24 | 28.5% | 77.8% | ||
| Q2 24 | 28.2% | 78.2% | ||
| Q1 24 | 25.9% | 76.2% |
| Q4 25 | 2.2% | -182.2% | ||
| Q3 25 | 1.7% | -3.9% | ||
| Q2 25 | 0.1% | -138.7% | ||
| Q1 25 | -3.8% | -4.7% | ||
| Q4 24 | 0.1% | -1.5% | ||
| Q3 24 | 4.7% | -0.9% | ||
| Q2 24 | 3.4% | -4.6% | ||
| Q1 24 | -0.9% | -3.1% |
| Q4 25 | 2.1% | -178.3% | ||
| Q3 25 | 1.9% | -8.3% | ||
| Q2 25 | 0.3% | -135.2% | ||
| Q1 25 | -3.0% | -10.3% | ||
| Q4 24 | 0.6% | -5.3% | ||
| Q3 24 | 3.6% | 4.1% | ||
| Q2 24 | 2.8% | -5.4% | ||
| Q1 24 | -0.3% | -6.5% |
| Q4 25 | $0.08 | $-1.68 | ||
| Q3 25 | $0.08 | $-0.08 | ||
| Q2 25 | $0.01 | $-1.15 | ||
| Q1 25 | $-0.12 | $-0.09 | ||
| Q4 24 | $0.01 | $-0.04 | ||
| Q3 24 | $0.16 | $0.03 | ||
| Q2 24 | $0.12 | $-0.04 | ||
| Q1 24 | $-0.01 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.5M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $89.3M | $484.4M |
| Total Assets | $111.8M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.5M | $115.7M | ||
| Q3 25 | $32.7M | $95.7M | ||
| Q2 25 | $27.9M | $162.6M | ||
| Q1 25 | $24.7M | $165.5M | ||
| Q4 24 | $27.7M | $189.5M | ||
| Q3 24 | $23.9M | $168.7M | ||
| Q2 24 | $20.6M | $147.1M | ||
| Q1 24 | $19.4M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $89.3M | $484.4M | ||
| Q3 25 | $88.0M | $616.9M | ||
| Q2 25 | $87.8M | $633.7M | ||
| Q1 25 | $86.9M | $755.7M | ||
| Q4 24 | $87.4M | $761.3M | ||
| Q3 24 | $86.5M | $754.7M | ||
| Q2 24 | $84.0M | $815.4M | ||
| Q1 24 | $81.7M | $813.8M |
| Q4 25 | $111.8M | $1.2B | ||
| Q3 25 | $112.6M | $1.3B | ||
| Q2 25 | $110.4M | $1.4B | ||
| Q1 25 | $110.1M | $1.5B | ||
| Q4 24 | $111.5M | $1.6B | ||
| Q3 24 | $111.5M | $1.6B | ||
| Q2 24 | $107.5M | $1.5B | ||
| Q1 24 | $106.1M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $4.4M | $23.3M |
| Free Cash FlowOCF − Capex | $4.3M | $23.2M |
| FCF MarginFCF / Revenue | 9.5% | 29.6% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | 4.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.8M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $23.3M | ||
| Q3 25 | $6.5M | $32.2M | ||
| Q2 25 | $3.3M | $33.1M | ||
| Q1 25 | $-3.0M | $2.5M | ||
| Q4 24 | $4.0M | $34.3M | ||
| Q3 24 | $3.3M | $60.1M | ||
| Q2 24 | $1.2M | $31.0M | ||
| Q1 24 | $-1.3M | $24.8M |
| Q4 25 | $4.3M | $23.2M | ||
| Q3 25 | $6.3M | $32.1M | ||
| Q2 25 | $3.2M | $33.0M | ||
| Q1 25 | $-3.1M | $2.4M | ||
| Q4 24 | $3.9M | $34.0M | ||
| Q3 24 | $3.2M | $59.8M | ||
| Q2 24 | $707.0K | $30.5M | ||
| Q1 24 | $-1.6M | $24.7M |
| Q4 25 | 9.5% | 29.6% | ||
| Q3 25 | 13.0% | 41.3% | ||
| Q2 25 | 6.6% | 43.6% | ||
| Q1 25 | -6.4% | 3.0% | ||
| Q4 24 | 7.7% | 43.5% | ||
| Q3 24 | 6.2% | 75.6% | ||
| Q2 24 | 1.4% | 40.7% | ||
| Q1 24 | -3.4% | 30.6% |
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.4% | 0.2% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 1.0% | 0.6% | ||
| Q1 24 | 0.6% | 0.1% |
| Q4 25 | 4.48× | — | ||
| Q3 25 | 6.88× | — | ||
| Q2 25 | 24.41× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.60× | — | ||
| Q3 24 | 1.76× | 18.52× | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
