Maximus, Inc.

Maximus, Inc.

MMS
Maximus, Inc.US flagNew York Stock Exchange
55.32
USD
-0.41
- -
2.91BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
19.53
25.13
31.49
36.51
37.34
36.52
44.76
54.89
68.54
74.97
80.24
86.92
94.6
96.17
Basic EPS, GAAP
1.71
2.15
2.37
2.71
3.19
3.37
3.73
3.4
4.69
3.3
2.65
5.03
5.56
6.8
Free Cash Flow per Basic Share
0.86
2.3
1.42
2.03
4.76
4.43
4.49
3.23
7.75
3.78
3.66
6.57
6.38
7.94
Dividend per Share
0.18
0.18
0.18
0.18
0.18
0.18
0.99
1.11
1.11
1.11
1.11
1.19
1.2
1.25
Book Value per Share
7.73
8.35
9.36
11.48
14.43
16.84
19.5
20.19
23.89
25.49
27.34
30.53
30.55
33.24
Tangible Book Value per Share
4.02
4.6
1.55
3.26
6.32
8.91
7.06
7.56
-19.63
-18
-15.13
-12.56
-15.7
-13.72
Basic Weighted Avg Shares
68
68
67
66
66
66
64
63
62
62
61
61
57
55
Sales/Revenue/Turnover
1,331
1,701
2,100
2,403
2,451
2,392
2,887
3,462
4,254
4,631
4,905
5,306
5,431
5,248
Operating Margin (%)
14.07
13.25
12.6
11.64
12.86
12.49
10.98
8.33
9.6
6.8
6.01
9.21
9.73
11.03
Depreciation Expense
36
49
56
72
68
62
85
100
91
133
149
126
134
135
Net Income, GAAP
117
145
158
178
209
221
241
215
291
204
162
307
319
371
Effective Tax Rate (%)
37.92
36.05
38.4
37
32.48
26.2
24.21
25.27
24.1
26.44
23.06
24.5
28.28
24.53
Profit Margin (%)
8.77
8.55
7.51
7.42
8.54
9.23
8.34
6.2
6.84
4.4
3.3
5.78
5.87
7.07
Working Capital
228
267
206
280
341
531
425
371
290
258
332
393
488
963
LT Debt
1
1
211
165
1
- -
- -
122
1,551
1,379
1,293
1,189
1,353
1,622
Total Equity
530
556
616
753
946
1,086
1,248
1,242
1,480
1,549
1,668
1,843
1,674
1,741
Return on Invested Capital (%)
23.36
26.16
23.27
19.97
22.66
21.6
20.34
15.76
13.32
7.41
7.37
11.81
12.06
12.38
Return on Capital (%)
23.6
26.73
22.59
20.53
22.32
21.78
20.76
15.92
13.02
7.61
7.36
11.88
12.16
12.47
Return on Common Equity (%)
23.81
26.8
27.01
26.2
24.8
21.81
20.66
17.23
21.39
13.46
10.06
17.48
18.14
21.11

Capital Structure

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
96
99
110
LT Borrowings
1,509
1,472
1,565
LT Finance Leases
65
57
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
53
52
Market Capitalization
4,709
3,404
2,815

Working Capital

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
1,423
1,509
1,641
Cash, Cash Equivalents & STI
138
157
57
Accounts Receivable, Net
952
868
1,055
Inventories
- -
- -
- -
Total Current Liabilities
608
682
678
Payables & Accruals
281
283
264
ST Debt
96
99
110
Deferred Revenue
47
38
37

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11%
6.57%
-9.16%
Free Cash Flow
28.84%
30.15%
-8.7%
Net Income, GAAP
11.28%
15.76%
3.95%
Sales/Revenue/Turnover
10.28%
9.64%
2.36%
Total Cash Common Dividend
45.32%
-0.33%
-5.75%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,327
1,348
1,315
1,316
5,306
2025
1,403
1,362
1,348
1,318
5,431
2026
1,345
1,306
1,279
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.05
1.31
1.47
1.2
5.03
2025
0.69
1.7
1.87
1.34
5.56
2026
1.71
1.81
1.96
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.3
0.3
0.3
1.19
2025
0.3
0.3
0.3
0.3
1.2
2026
0.3
0.33
0.33
- -
- -

Company Description

APIChatGPT
CEO
Bruce L. Caswell
Full Time Employees
37,200
Sector
Industrials
Industry
Specialty Business Services
Address
1600 Tysons Boulevard McLean VA United States of America 22102
IPO Date
Jun 13, 1997
Business
Maximus, Inc. is a global government services enterprise that specializes in administering health and human services programs by delivering technology-driven business process solutions. The company operates across three main segments: U.S. Services, U.S. Federal Services, and Outside the U.S.. Founded in 1975 and headquartered in Tysons, Virginia, Maximus assists governments worldwide in enhancing the efficiency and effectiveness of critical public services. Its revenue model is primarily based on securing and fulfilling long-term contracts with various governmental agencies. The U.S. Services segment provides a comprehensive array of business process services, appeals, assessments, and advisory work for state and local government initiatives. These include critical programs such as the Affordable Care Act, Medicaid, the Children's Health Insurance Program (CHIP), Temporary Assistance for Needy Families (TANF), child support, as well as specialized disability and health assessments. This segment also manages eligibility and enrollment support, runs centralized multilingual contact centers, offers digital self-service options, provides health plan counseling, and conducts beneficiary outreach and redeterminations. Within the U.S. Federal Services segment, Maximus delivers end-to-end solutions for various federal government agencies. This encompasses citizen engagement and support centers, records management, case management, and consumer education services. Additionally, it handles independent medical reviews, worker's compensation benefit appeals, and appeals for Medicare and Medicaid programs. This segment is also instrumental in systems modernization, information technology infrastructure development and support, software solutions, and advanced data analytics. It accounts for a significant portion of the company's total revenue, driven by clinical programs and support for federal initiatives. The Outside the U.S. segment extends Maximus's reach internationally, offering business process services to governments and commercial clients in regions like the United Kingdom, Canada, and Australia. Services here include health and disability assessments, administration of employment services, wellbeing support, and other programs designed to assist job seekers. Maximus continually focuses on leveraging advanced technology, including artificial intelligence and automation, to improve operational efficiency and expand its service offerings for government partners and the citizens they serve. The company reported full-year revenue of $5.43 billion for fiscal year 2025, driven by strong performance, particularly in its U.S. Federal Services segment. Recent strategic wins include new federal contracts for cybersecurity services and state-based marketplace contracts.

Company News

APIChatGPT
  • Can Maximus Weather the VA Contract Hit and Rebuild Earnings Momentum?

  • Is Maximus Stock Worth Buying as Low Valuation Meets Contract Risk?

  • Maximus Q3 Earnings Call Highlights

  • Maximus Q3 Earnings Beat Estimates, Increase Year Over Year

  • Maximus, Inc. (MMS) Q3 2026 Earnings Call Transcript

  • Maximus Inc (MMS) Stock Down 7.6% -- Now Undervalued? GF Score: 70/100

  • Here's What Key Metrics Tell Us About Maximus (MMS) Q3 Earnings

  • Maximus (MMS) Q3 Earnings Beat Estimates

  • Maximus, Inc. $MMS Position Raised by Dimensional Fund Advisors LP

  • Maximus (MMS) Could Be a Great Choice

  • Here's Why Maximus (MMS) is a Strong Growth Stock

  • Should Value Investors Buy Maximus (MMS) Stock?

  • Government Contracts & Domain Expertise Strengthen Maximus

  • Maximus Schedules Fiscal 2026 Third Quarter Conference Call

  • Why Maximus (MMS) is a Top Growth Stock for the Long-Term

  • Maximus Declares Quarterly Cash Dividend of $0.33 per Share

  • Maximus Declines 7.7% Since Beating Q2 Earnings Estimates

  • Maximus Q2 Earnings Call Highlights

  • Maximus, Inc. (MMS) Q2 2026 Earnings Call Transcript

  • Compared to Estimates, Maximus (MMS) Q2 Earnings: A Look at Key Metrics