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Side-by-side financial comparison of Mastech Digital, Inc. (MHH) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
Mastech Digital, Inc. is the larger business by last-quarter revenue ($45.5M vs $26.9M, roughly 1.7× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 2.1%, a 37.1% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -10.4%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $4.3M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
MHH vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $45.5M | $26.9M |
| Net Profit | $972.0K | $10.6M |
| Gross Margin | 28.3% | — |
| Operating Margin | 2.2% | 50.0% |
| Net Margin | 2.1% | 39.2% |
| Revenue YoY | -10.4% | 16.6% |
| Net Profit YoY | 227.3% | 34.8% |
| EPS (diluted) | $0.08 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $45.5M | $24.2M | ||
| Q3 25 | $48.5M | $25.0M | ||
| Q2 25 | $49.1M | $23.8M | ||
| Q1 25 | $48.3M | $23.1M | ||
| Q4 24 | $50.7M | $20.9M | ||
| Q3 24 | $51.8M | $20.3M | ||
| Q2 24 | $49.5M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $972.0K | $7.4M | ||
| Q3 25 | $941.0K | $9.3M | ||
| Q2 25 | $135.0K | $8.0M | ||
| Q1 25 | $-1.4M | $7.8M | ||
| Q4 24 | $297.0K | $7.1M | ||
| Q3 24 | $1.9M | $6.0M | ||
| Q2 24 | $1.4M | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | 2.2% | 39.6% | ||
| Q3 25 | 1.7% | 45.8% | ||
| Q2 25 | 0.1% | 43.4% | ||
| Q1 25 | -3.8% | 43.4% | ||
| Q4 24 | 0.1% | 30.9% | ||
| Q3 24 | 4.7% | 36.6% | ||
| Q2 24 | 3.4% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 2.1% | 30.7% | ||
| Q3 25 | 1.9% | 37.3% | ||
| Q2 25 | 0.3% | 33.5% | ||
| Q1 25 | -3.0% | 34.0% | ||
| Q4 24 | 0.6% | 34.0% | ||
| Q3 24 | 3.6% | 29.3% | ||
| Q2 24 | 2.8% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.08 | $0.44 | ||
| Q3 25 | $0.08 | $0.55 | ||
| Q2 25 | $0.01 | $0.47 | ||
| Q1 25 | $-0.12 | $0.46 | ||
| Q4 24 | $0.01 | $0.41 | ||
| Q3 24 | $0.16 | $0.35 | ||
| Q2 24 | $0.12 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $89.3M | $270.7M |
| Total Assets | $111.8M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $36.5M | $471.1M | ||
| Q3 25 | $32.7M | $232.9M | ||
| Q2 25 | $27.9M | $345.2M | ||
| Q1 25 | $24.7M | — | ||
| Q4 24 | $27.7M | $243.5M | ||
| Q3 24 | $23.9M | — | ||
| Q2 24 | $20.6M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $89.3M | $266.0M | ||
| Q3 25 | $88.0M | $255.1M | ||
| Q2 25 | $87.8M | $240.9M | ||
| Q1 25 | $86.9M | $237.9M | ||
| Q4 24 | $87.4M | $227.9M | ||
| Q3 24 | $86.5M | $235.4M | ||
| Q2 24 | $84.0M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $111.8M | $4.1B | ||
| Q3 25 | $112.6M | $4.0B | ||
| Q2 25 | $110.4M | $4.1B | ||
| Q1 25 | $110.1M | $4.0B | ||
| Q4 24 | $111.5M | $4.0B | ||
| Q3 24 | $111.5M | $4.0B | ||
| Q2 24 | $107.5M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $4.3M | $12.4M |
| FCF MarginFCF / Revenue | 9.5% | 46.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.8% |
| Cash ConversionOCF / Net Profit | 4.48× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $10.8M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $4.4M | $46.5M | ||
| Q3 25 | $6.5M | $11.4M | ||
| Q2 25 | $3.3M | $13.5M | ||
| Q1 25 | $-3.0M | $9.7M | ||
| Q4 24 | $4.0M | $39.8M | ||
| Q3 24 | $3.3M | $12.9M | ||
| Q2 24 | $1.2M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $4.3M | $43.2M | ||
| Q3 25 | $6.3M | $10.8M | ||
| Q2 25 | $3.2M | $12.8M | ||
| Q1 25 | $-3.1M | $8.3M | ||
| Q4 24 | $3.9M | $13.7M | ||
| Q3 24 | $3.2M | $7.0M | ||
| Q2 24 | $707.0K | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 9.5% | 178.3% | ||
| Q3 25 | 13.0% | 43.0% | ||
| Q2 25 | 6.6% | 53.6% | ||
| Q1 25 | -6.4% | 35.7% | ||
| Q4 24 | 7.7% | 65.6% | ||
| Q3 24 | 6.2% | 34.2% | ||
| Q2 24 | 1.4% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.1% | 13.7% | ||
| Q3 25 | 0.4% | 2.6% | ||
| Q2 25 | 0.1% | 3.2% | ||
| Q1 25 | 0.2% | 6.5% | ||
| Q4 24 | 0.2% | 125.3% | ||
| Q3 24 | 0.1% | 29.4% | ||
| Q2 24 | 1.0% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | 4.48× | 6.26× | ||
| Q3 25 | 6.88× | 1.23× | ||
| Q2 25 | 24.41× | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | 13.60× | 5.61× | ||
| Q3 24 | 1.76× | 2.17× | ||
| Q2 24 | 0.85× | 1.93× |
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% |
WTBA
Segment breakdown not available.
