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Side-by-side financial comparison of Mastech Digital, Inc. (MHH) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $45.5M, roughly 1.6× Mastech Digital, Inc.). Mastech Digital, Inc. runs the higher net margin — 2.1% vs -20.3%, a 22.5% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -10.4%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
MHH vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.5M | $73.5M |
| Net Profit | $972.0K | $-14.9M |
| Gross Margin | 28.3% | 9.6% |
| Operating Margin | 2.2% | -22.9% |
| Net Margin | 2.1% | -20.3% |
| Revenue YoY | -10.4% | 22.0% |
| Net Profit YoY | 227.3% | -219.1% |
| EPS (diluted) | $0.08 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $48.5M | $91.6M | ||
| Q2 25 | $49.1M | $54.9M | ||
| Q1 25 | $48.3M | $54.9M | ||
| Q4 24 | $50.7M | $60.2M | ||
| Q3 24 | $51.8M | $65.8M | ||
| Q2 24 | $49.5M | $67.5M | ||
| Q1 24 | $46.8M | $72.4M |
| Q4 25 | $972.0K | $-14.9M | ||
| Q3 25 | $941.0K | $-795.0K | ||
| Q2 25 | $135.0K | $-14.9M | ||
| Q1 25 | $-1.4M | $-6.5M | ||
| Q4 24 | $297.0K | $12.5M | ||
| Q3 24 | $1.9M | $20.0M | ||
| Q2 24 | $1.4M | $18.4M | ||
| Q1 24 | $-161.0K | $20.4M |
| Q4 25 | 28.3% | 9.6% | ||
| Q3 25 | 27.8% | 19.6% | ||
| Q2 25 | 28.1% | -0.6% | ||
| Q1 25 | 26.7% | 32.7% | ||
| Q4 24 | 29.0% | 61.5% | ||
| Q3 24 | 28.5% | 68.7% | ||
| Q2 24 | 28.2% | 69.4% | ||
| Q1 24 | 25.9% | 67.8% |
| Q4 25 | 2.2% | -22.9% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 0.1% | -30.8% | ||
| Q1 25 | -3.8% | -2.0% | ||
| Q4 24 | 0.1% | 34.5% | ||
| Q3 24 | 4.7% | 42.5% | ||
| Q2 24 | 3.4% | 43.8% | ||
| Q1 24 | -0.9% | 42.0% |
| Q4 25 | 2.1% | -20.3% | ||
| Q3 25 | 1.9% | -0.9% | ||
| Q2 25 | 0.3% | -27.2% | ||
| Q1 25 | -3.0% | -11.8% | ||
| Q4 24 | 0.6% | 20.8% | ||
| Q3 24 | 3.6% | 30.4% | ||
| Q2 24 | 2.8% | 27.2% | ||
| Q1 24 | -0.3% | 28.2% |
| Q4 25 | $0.08 | $-0.14 | ||
| Q3 25 | $0.08 | $-0.01 | ||
| Q2 25 | $0.01 | $-0.15 | ||
| Q1 25 | $-0.12 | $-0.07 | ||
| Q4 24 | $0.01 | $0.12 | ||
| Q3 24 | $0.16 | $0.20 | ||
| Q2 24 | $0.12 | $0.18 | ||
| Q1 24 | $-0.01 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $89.3M | $389.3M |
| Total Assets | $111.8M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.5M | $8.3M | ||
| Q3 25 | $32.7M | $30.4M | ||
| Q2 25 | $27.9M | $19.2M | ||
| Q1 25 | $24.7M | $34.5M | ||
| Q4 24 | $27.7M | $190.7M | ||
| Q3 24 | $23.9M | $177.7M | ||
| Q2 24 | $20.6M | $154.3M | ||
| Q1 24 | $19.4M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $89.3M | $389.3M | ||
| Q3 25 | $88.0M | $402.4M | ||
| Q2 25 | $87.8M | $401.3M | ||
| Q1 25 | $86.9M | $415.3M | ||
| Q4 24 | $87.4M | $421.1M | ||
| Q3 24 | $86.5M | $417.6M | ||
| Q2 24 | $84.0M | $397.2M | ||
| Q1 24 | $81.7M | $375.5M |
| Q4 25 | $111.8M | $530.2M | ||
| Q3 25 | $112.6M | $541.2M | ||
| Q2 25 | $110.4M | $533.7M | ||
| Q1 25 | $110.1M | $562.5M | ||
| Q4 24 | $111.5M | $725.8M | ||
| Q3 24 | $111.5M | $709.8M | ||
| Q2 24 | $107.5M | $697.0M | ||
| Q1 24 | $106.1M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| Free Cash FlowOCF − Capex | $4.3M | — |
| FCF MarginFCF / Revenue | 9.5% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 4.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $5.7M | ||
| Q3 25 | $6.5M | $53.4M | ||
| Q2 25 | $3.3M | $11.1M | ||
| Q1 25 | $-3.0M | $3.9M | ||
| Q4 24 | $4.0M | $30.6M | ||
| Q3 24 | $3.3M | $31.4M | ||
| Q2 24 | $1.2M | $39.1M | ||
| Q1 24 | $-1.3M | $50.6M |
| Q4 25 | $4.3M | — | ||
| Q3 25 | $6.3M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $-3.1M | $-11.6M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $707.0K | — | ||
| Q1 24 | $-1.6M | — |
| Q4 25 | 9.5% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | -6.4% | -21.1% | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | -3.4% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.2% | 28.2% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | 4.48× | — | ||
| Q3 25 | 6.88× | — | ||
| Q2 25 | 24.41× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.60× | 2.44× | ||
| Q3 24 | 1.76× | 1.57× | ||
| Q2 24 | 0.85× | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
