MMS
Maximus, Inc.
$58.36
+1.73 (+3.05%)
At close · Jul 13
Market Cap
$3.07B
Shares
52,540,363
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$5.43B
+2.4%
FY2025
Net Income
$319.03M
+3.9%
FY2025
Gross Margin
24.55%
+1pp
FY2025
Operating Margin
9.73%
+0.5pp
FY2025
Diluted EPS
$5.51
+10.4%
FY2025
Operating Cash Flow
$429.37M
-16.7%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | $5.32B | $5.43B | $5.31B | $4.9B | $4.63B | $4.25B | $3.46B | $2.89B | $2.39B | $2.45B | $2.4B | $2.1B | $1.7B | $1.33B | $1.05B | $929.63M | $831.75M | $720.11M | |
| — | $3.96B | $4.1B | $4.05B | $3.88B | $3.69B | $3.31B | $2.75B | $2.22B | $1.8B | $1.84B | $1.84B | $1.59B | $1.25B | $945.25M | $762.2M | $675.98M | $610.92M | $528.76M | |
| — | $1.35B | $1.33B | $1.25B | $1.03B | $939.81M | $946.98M | $711M | $671.18M | $594.39M | $611.91M | $562.19M | $512.72M | $452.12M | $386.03M | $287.94M | $253.65M | $220.83M | $191.35M | |
| — | — | 24.55% | 23.59% | 20.97% | 20.29% | 22.26% | 20.54% | 23.25% | 24.85% | 24.97% | 23.39% | 24.42% | 26.58% | 29% | 27.42% | 27.29% | 26.55% | 26.57% | |
| — | $684.15M | $713.11M | $671.58M | $639.22M | $534.49M | $494.09M | $387.09M | $321.02M | $285.24M | $284.59M | $269.09M | $238.79M | $220.93M | $193.83M | $160.61M | $132.06M | $118.78M | $107.03M | |
| — | $86.61M | $92.05M | $91.57M | $94.59M | $90.47M | $44.36M | $35.63M | $33.05M | $10.31M | $12.21M | $13.38M | $9.35M | $5.89M | $4.88M | $2.73M | $2.2M | $2.1M | — | |
| — | — | $41.67M | $33.96M | $54.73M | $42.33M | $46.36M | $64.53M | $52.4M | $51.88M | $55.77M | $58.4M | $46.85M | $42.78M | $30.93M | $26.46M | $22.85M | $18.34M | $12.23M | |
| — | — | — | — | — | — | — | $0 | $0 | $3.35M | $2.24M | $0 | $0 | — | — | — | — | — | — | |
| — | $583.23M | $528.29M | $488.5M | $294.79M | $325.9M | $408.53M | $288.28M | $317.11M | $295.48M | $313.51M | $286.6M | $259.83M | $225.31M | $185.16M | $127.33M | $122.4M | $107.41M | $88.59M | |
| — | — | 9.73% | 9.21% | 6.01% | 7.04% | 9.6% | 8.33% | 10.98% | 12.35% | 12.79% | 11.93% | 12.37% | 13.25% | 13.91% | 12.13% | 13.17% | 12.91% | 12.3% | |
| — | — | $569.96M | $522.46M | $349.52M | $368.23M | $454.89M | $352.81M | $369.51M | $347.37M | $369.28M | $345.01M | $306.68M | $268.09M | $216.09M | $153.79M | $145.25M | $125.75M | $100.82M | |
| — | $88.02M | $84.08M | $82.44M | $84.14M | $45.97M | — | $2.06M | $2.96M | $1M | $2.16M | $4.13M | $1.4M | $0 | — | — | — | — | — | |
| — | $1.02M | $640K | $450K | -$363K | -$2.84M | -$10.11M | $843K | $3.17M | $4.73M | $2.89M | $3.5M | $1.39M | $2.06M | $3.87M | — | — | — | — | |
| — | — | — | $0 | $0 | $11.05M | $0 | $0 | — | — | — | — | — | — | — | — | — | — | — | |
| — | $496.24M | $444.85M | $406.51M | $210.29M | $277.1M | $383.68M | $287.06M | $317.32M | $299.21M | $314.24M | $285.97M | $259.82M | $227.37M | $189.02M | $131.51M | $125.9M | $108.32M | $88.73M | |
| — | $122.96M | $125.82M | $99.6M | $48.5M | $73.27M | $92.48M | $72.55M | $76.83M | $78.39M | $102.05M | $105.81M | $99.77M | $81.97M | $71.67M | $55.68M | $43.75M | $38.93M | $34.89M | |
| — | $373.28M | $319.03M | $306.91M | $161.79M | $203.83M | $291.2M | $214.51M | $240.82M | $220.75M | $209.43M | $178.36M | $157.77M | $145.44M | $116.73M | $76.13M | $81.17M | $70.41M | $46.54M | |
| — | — | 5.87% | 5.78% | 3.3% | 4.4% | 6.84% | 6.2% | 8.34% | 9.23% | 8.54% | 7.42% | 7.51% | 8.55% | 8.77% | 7.25% | 8.73% | 8.47% | 6.46% | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | $44K | -$618K | $302K | — | — | — | |
| — | $370.6M | $333.63M | $302.07M | $168.14M | $209.78M | $293.93M | $217.25M | $232.4M | $211.42M | $217.98M | $164.56M | $135.18M | $137.68M | $104.48M | $83.89M | $79.12M | $76.67M | $49.27M | |
| USD/shares | — | — | $5.56 | $5.03 | $2.65 | $3.30 | $4.69 | $3.40 | $3.73 | $3.37 | $3.19 | $2.71 | $2.37 | $2.15 | $1.71 | $1.12 | $1.18 | $2.02 | $1.32 |
| USD/shares | $8.25 – $8.55* | — | $5.51 | $4.99 | $2.63 | $3.29 | $4.67 | $3.39 | $3.72 | $3.35 | $3.17 | $2.69 | $2.35 | $2.11 | $1.67 | $1.09 | $1.14 | $1.96 | $1.30 |
| shares | — | — | 57.41M | 61.05M | 61.13M | 61.77M | 62.07M | 63.06M | 64.5M | 65.5M | 65.63M | 65.82M | 66.68M | 67.68M | 68.17M | 67.73M | 68.83M | 34.83M | 35.14M |
| shares | — | — | 57.92M | 61.48M | 61.45M | 61.97M | 62.37M | 63.32M | 64.82M | 65.93M | 66.07M | 66.23M | 67.28M | 69.09M | 69.89M | 69.61M | 71.06M | 35.93M | 35.77M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $1.33B in buybacks, $63.4M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
0.84×
Specialty Business Services median 1.09×
EV/EBIT
7.62×
Specialty Business Services median 27.77×
P/E (TTM)
8.80×
Specialty Business Services median 36.51×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|
| U.S. Federal Services | $3,067,691,000 | $2,737,244,000 | $2,403,606,000 | $2,259,744,000 | $1,893,284,000 | $1,633,337,000 | $1,111,197,000 | $478,911,000 |
| US Services | $1,763,691,000 | $1,911,813,000 | $1,812,069,000 | $1,607,612,000 | $1,662,110,000 | $1,329,274,000 | $1,176,488,000 | $1,213,911,000 |
| Outside the United States | $599,894,000 | $657,140,000 | $689,053,000 | $763,662,000 | $699,091,000 | $498,926,000 | $599,130,000 | — |
| Outside the US | — | — | — | — | — | — | $599,130,000 | $699,414,000 |
By Geography (USD)
| Component | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
|---|---|---|---|---|---|
| United States | $3,867,354,000 | $3,555,394,000 | $2,962,611,000 | $2,287,685,000 | $1,692,823,000 |
| United Kingdom | $410,587,000 | $286,432,000 | $246,334,000 | $293,695,000 | $347,026,000 |
| Rest of World | $179,999,000 | $167,664,000 | $105,436,000 | $106,640,000 | $104,537,000 |
| Australia | $173,078,000 | $244,995,000 | $147,156,000 | $198,795,000 | $247,850,000 |
By Product & Service (USD)
| Component | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
|---|---|---|---|---|---|---|
| Program Operations | $2,650,764,000 | $2,570,494,000 | $2,500,678,000 | $2,502,620,000 | $2,755,820,000 | $2,395,618,000 |
| Clinical Services | $2,100,943,000 | $1,891,292,000 | $1,486,040,000 | $1,176,081,000 | $699,424,000 | $539,018,000 |
| Employment and Other | $354,835,000 | $469,304,000 | $520,981,000 | $551,755,000 | $463,695,000 | $318,431,000 |
| Advanced Technology Solutions | $324,734,000 | $375,107,000 | $397,029,000 | — | — | — |
| Technology Solutions | — | — | — | $400,562,000 | $335,546,000 | $208,470,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
|---|---|---|---|---|---|---|---|
| U.S. Federal Services | $333,622,000 | $249,689,000 | $234,931,000 | $189,066,000 | $132,902,000 | $115,942,000 | $57,386,000 |
| US Services | $246,982,000 | $182,550,000 | $182,102,000 | $254,441,000 | $227,783,000 | $220,834,000 | $218,634,000 |
| Outside the United States | $7,705,000 | -$9,130,000 | -$15,170,000 | $20,126,000 | -$34,133,000 | $16,061,000 | — |
| Outside the US | — | — | — | — | -$34,133,000 | $16,061,000 | $35,968,000 |
Operating Margin by Segment (%)
| Component | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 |
|---|---|---|---|---|---|---|---|
| U.S. Federal Services | 12.2% | 10.4% | 10.4% | 10% | 8.1% | 10.4% | 12% |
| US Services | 12.9% | 10.1% | 11.3% | 15.3% | 17.1% | 18.8% | 18% |
| Outside the United States | 1.2% | -1.3% | -2% | 2.9% | -6.8% | 2.7% | — |
| Outside the US | — | — | — | — | — | 2.7% | 5.1% |
Key facts
CIK
1032220
CUSIP
577933104
13F (30d)
18 filings
17 filers
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