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Side-by-side financial comparison of Mastech Digital, Inc. (MHH) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $45.5M, roughly 1.1× Mastech Digital, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 2.1%, a 65.2% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -10.4%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $4.3M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
MHH vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.5M | $51.6M |
| Net Profit | $972.0K | $34.8M |
| Gross Margin | 28.3% | — |
| Operating Margin | 2.2% | 97.0% |
| Net Margin | 2.1% | 67.3% |
| Revenue YoY | -10.4% | 32.8% |
| Net Profit YoY | 227.3% | 67.0% |
| EPS (diluted) | $0.08 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $48.5M | $49.1M | ||
| Q2 25 | $49.1M | $47.6M | ||
| Q1 25 | $48.3M | $37.5M | ||
| Q4 24 | $50.7M | $38.9M | ||
| Q3 24 | $51.8M | $35.1M | ||
| Q2 24 | $49.5M | $32.4M | ||
| Q1 24 | $46.8M | $29.5M |
| Q4 25 | $972.0K | $34.8M | ||
| Q3 25 | $941.0K | $25.4M | ||
| Q2 25 | $135.0K | $26.0M | ||
| Q1 25 | $-1.4M | $18.9M | ||
| Q4 24 | $297.0K | $20.8M | ||
| Q3 24 | $1.9M | $15.8M | ||
| Q2 24 | $1.4M | $14.8M | ||
| Q1 24 | $-161.0K | $17.3M |
| 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% | 97.0% | ||
| Q3 25 | 1.7% | 72.1% | ||
| Q2 25 | 0.1% | 71.3% | ||
| Q1 25 | -3.8% | 71.7% | ||
| Q4 24 | 0.1% | 82.5% | ||
| Q3 24 | 4.7% | 60.6% | ||
| Q2 24 | 3.4% | 61.3% | ||
| Q1 24 | -0.9% | 78.8% |
| Q4 25 | 2.1% | 67.3% | ||
| Q3 25 | 1.9% | 51.7% | ||
| Q2 25 | 0.3% | 54.6% | ||
| Q1 25 | -3.0% | 50.4% | ||
| Q4 24 | 0.6% | 53.5% | ||
| Q3 24 | 3.6% | 45.1% | ||
| Q2 24 | 2.8% | 45.6% | ||
| Q1 24 | -0.3% | 58.5% |
| Q4 25 | $0.08 | $0.90 | ||
| Q3 25 | $0.08 | $0.65 | ||
| Q2 25 | $0.01 | $0.69 | ||
| Q1 25 | $-0.12 | $0.51 | ||
| Q4 24 | $0.01 | $0.56 | ||
| Q3 24 | $0.16 | $0.44 | ||
| Q2 24 | $0.12 | $0.42 | ||
| Q1 24 | $-0.01 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $89.3M | $672.5M |
| Total Assets | $111.8M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.5M | $92.1M | ||
| Q3 25 | $32.7M | $99.0M | ||
| Q2 25 | $27.9M | $79.6M | ||
| Q1 25 | $24.7M | $51.7M | ||
| Q4 24 | $27.7M | $49.9M | ||
| Q3 24 | $23.9M | $44.1M | ||
| Q2 24 | $20.6M | $47.4M | ||
| Q1 24 | $19.4M | $34.8M |
| Q4 25 | $89.3M | $672.5M | ||
| Q3 25 | $88.0M | $634.3M | ||
| Q2 25 | $87.8M | $597.9M | ||
| Q1 25 | $86.9M | $563.2M | ||
| Q4 24 | $87.4M | $516.9M | ||
| Q3 24 | $86.5M | $484.6M | ||
| Q2 24 | $84.0M | $471.3M | ||
| Q1 24 | $81.7M | $452.9M |
| Q4 25 | $111.8M | $7.4B | ||
| Q3 25 | $112.6M | $7.0B | ||
| Q2 25 | $110.4M | $6.5B | ||
| Q1 25 | $110.1M | $6.0B | ||
| Q4 24 | $111.5M | $5.5B | ||
| Q3 24 | $111.5M | $5.2B | ||
| Q2 24 | $107.5M | $4.9B | ||
| Q1 24 | $106.1M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $4.3M | $17.9M |
| FCF MarginFCF / Revenue | 9.5% | 34.6% |
| Capex IntensityCapex / Revenue | 0.1% | 0.5% |
| Cash ConversionOCF / Net Profit | 4.48× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $10.8M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $18.2M | ||
| Q3 25 | $6.5M | $11.5M | ||
| Q2 25 | $3.3M | $7.7M | ||
| Q1 25 | $-3.0M | $3.5M | ||
| Q4 24 | $4.0M | $37.8M | ||
| Q3 24 | $3.3M | $-17.6M | ||
| Q2 24 | $1.2M | $11.5M | ||
| Q1 24 | $-1.3M | $10.6M |
| Q4 25 | $4.3M | $17.9M | ||
| Q3 25 | $6.3M | $11.4M | ||
| Q2 25 | $3.2M | $7.6M | ||
| Q1 25 | $-3.1M | $3.5M | ||
| Q4 24 | $3.9M | $37.5M | ||
| Q3 24 | $3.2M | $-17.6M | ||
| Q2 24 | $707.0K | $11.4M | ||
| Q1 24 | $-1.6M | $10.5M |
| Q4 25 | 9.5% | 34.6% | ||
| Q3 25 | 13.0% | 23.2% | ||
| Q2 25 | 6.6% | 15.9% | ||
| Q1 25 | -6.4% | 9.2% | ||
| Q4 24 | 7.7% | 96.4% | ||
| Q3 24 | 6.2% | -50.3% | ||
| Q2 24 | 1.4% | 35.1% | ||
| Q1 24 | -3.4% | 35.8% |
| Q4 25 | 0.1% | 0.5% | ||
| Q3 25 | 0.4% | 0.1% | ||
| Q2 25 | 0.1% | 0.2% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 1.0% | 0.3% | ||
| Q1 24 | 0.6% | 0.1% |
| Q4 25 | 4.48× | 0.52× | ||
| Q3 25 | 6.88× | 0.45× | ||
| Q2 25 | 24.41× | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 13.60× | 1.81× | ||
| Q3 24 | 1.76× | -1.11× | ||
| Q2 24 | 0.85× | 0.78× | ||
| Q1 24 | — | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
