MMS

Maximus, Inc.

Recurring revenue Regulated industry Sells to businesses Government contractsTags from an AI model reading the company description.

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Key Metrics

Previous Close: $53.53
52-Week Range: $51.04 – $100.00
Market Cap: $2.76B
P/E (TTM): 7.79
EPS (TTM): 6.76
Dividend Yield: 2.51%

Advanced Metrics

Price/Book: 1.58
PEG Ratio: 2.06
Return on Equity: 21.11%
Return on Assets: 8.20%
Gross Margin: 25.59%
Operating Margin: 12.62%
Profit Margin: 7.07%
Current Ratio: 2.42
Debt/Equity: 1.00
Total Debt: $1.73B
Free Cash Flow: $354.07M
Revenue Growth: -5.10%
Earnings Growth: 4.80%
Enterprise Value: $4.43B

MMS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$4.63B	$4.90B	$5.31B	$5.43B
Cost of Revenue	$3.69B	$3.88B	$4.05B	$4.10B
Gross Profit	$939.81M	$1.03B	$1.25B	$1.33B
Selling, General & Admin	$534.49M	$639.22M	$671.58M	$713.11M
Operating Expenses	$624.96M	$733.81M	$763.15M	$805.15M
Operating Income	$314.85M	$294.79M	$488.50M	$528.29M
EBITDA	$455.86M	$443.75M	$614.48M	$662.64M
Pretax Income	$277.10M	$210.29M	$406.51M	$444.85M
Income Tax	$73.27M	$48.50M	$99.59M	$125.81M
Net Income	$203.83M	$161.79M	$306.91M	$319.03M
Diluted EPS	3.29	2.63	4.99	5.51
Diluted Shares	61.97M	61.45M	61.48M	57.92M

MMS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$40.66M	$65.41M	$183.12M	$222.35M
Receivables	$809.27M	$843.43M	$884.80M	$902.00M
Current Assets	$1.03B	$1.06B	$1.20B	$1.25B
Total Assets	$3.99B	$3.99B	$4.13B	$4.07B
Current Liabilities	$774.45M	$723.01M	$807.53M	$765.16M
Long-Term Debt	$1.29B	$1.16B	$1.09B	$1.28B
Total Debt	$1.51B	$1.43B	$1.28B	$1.44B
Total Liabilities	$2.44B	$2.32B	$2.29B	$2.40B
Retained Earnings	$1.03B	$1.12B	$1.28B	$1.06B
Shareholders' Equity	$1.55B	$1.67B	$1.84B	$1.67B
Working Capital	$257.87M	$332.45M	$393.01M	$487.76M
Net Debt	$1.32B	$1.18B	$948.97M	$1.11B

MMS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$289.84M	$314.34M	$515.26M	$429.37M
Capital Expenditure	-$56.15M	-$90.69M	-$114.19M	-$63.21M
Free Cash Flow	$233.69M	$223.65M	$401.07M	$366.16M
Depreciation & Amortisation	$132.79M	$149.32M	$125.53M	$133.72M
Stock-Based Compensation	$30.48M	$29.52M	$35.35M	$41.18M
Investing Cash Flow	-$54.01M	-$80.96M	-$129.10M	-$60.26M
Financing Cash Flow	-$248.27M	-$250.80M	-$275.65M	-$343.88M
Dividends Paid	-$68.72M	-$68.07M	-$72.90M	-$68.71M
Share Repurchases	-$96.12M	$0.00	-$73.07M	-$447.48M
Net Change in Cash	-$12.44M	-$17.42M	$110.51M	$25.23M

MMS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.36B	$1.35B	$1.32B	$1.35B	$1.31B	$1.28B
Cost of Revenue	$1.02B	$988.89M	$984.86M	$1.03B	$963.70M	$930.17M
Gross Profit	$338.82M	$359.51M	$333.55M	$318.67M	$342.26M	$348.80M
Selling, General & Admin	$162.86M	$170.83M	$187.68M	$152.16M	$173.48M	$167.19M
Operating Expenses	$185.85M	$193.84M	$210.69M	$172.46M	$193.78M	$187.38M
Operating Income	$152.97M	$165.67M	$122.86M	$146.21M	$148.49M	$161.43M
EBITDA	$186.37M	$198.24M	$160.07M	$180.27M	$181.27M	$194.10M
Pretax Income	$132.46M	$142.97M	$100.47M	$126.27M	$126.53M	$138.16M
Income Tax	$35.89M	$36.99M	$25.18M	$32.32M	$28.47M	$34.56M
Net Income	$96.57M	$105.98M	$75.29M	$93.94M	$98.06M	$103.59M
Diluted EPS	1.69	1.86	1.32	1.70	1.80	1.95
Diluted Shares	57.06M	56.98M	56.99M	55.30M	54.59M	53.06M

MMS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$108.06M	$59.78M	$222.35M	$137.59M	$157.45M	$56.95M
Receivables	$1.10B	$1.43B	$902.00M	$1.15B	$1.18B	$1.41B
Current Assets	$1.33B	$1.61B	$1.25B	$1.42B	$1.51B	$1.64B
Total Assets	$4.20B	$4.46B	$4.07B	$4.21B	$4.24B	$4.37B
Current Liabilities	$721.24M	$706.15M	$765.16M	$608.05M	$681.69M	$678.07M
Long-Term Debt	$1.45B	$1.61B	$1.28B	$1.51B	$1.47B	$1.57B
Total Debt	$1.62B	$1.78B	$1.44B	$1.67B	$1.63B	$1.73B
Total Liabilities	$2.53B	$2.69B	$2.40B	$2.49B	$2.54B	$2.63B
Retained Earnings	$1.07B	$1.16B	$1.06B	$1.11B	$1.08B	$1.11B
Shareholders' Equity	$1.67B	$1.77B	$1.67B	$1.72B	$1.70B	$1.74B
Working Capital	$607.03M	$898.88M	$487.76M	$815.16M	$827.16M	$963.29M
Net Debt	$1.38B	$1.60B	$1.11B	$1.43B	$1.38B	$1.58B

MMS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$42.71M	-$182.72M	$649.37M	-$244.40M	$189.53M	-$124.99M
Capital Expenditure	-$17.21M	-$15.49M	-$7.53M	-$6.26M	-$10.51M	-$11.98M
Free Cash Flow	$25.51M	-$198.21M	$641.85M	-$250.66M	$179.02M	-$136.97M
Depreciation & Amortisation	$32.44M	$32.62M	$37.17M	$33.19M	$32.63M	$32.06M
Stock-Based Compensation	$12.62M	$10.75M	$10.86M	$7.02M	$9.90M	$7.36M
Investing Cash Flow	-$19.37M	-$15.49M	-$3.15M	$6.63M	-$10.51M	-$10.53M
Financing Cash Flow	$8.93M	$146.12M	-$490.67M	$156.90M	-$113.28M	$43.88M
Dividends Paid	-$16.90M	-$16.90M	-$16.84M	-$16.34M	-$17.82M	-$17.28M
Share Repurchases	-$77.85M	$0.00	-$141.04M	-$40.56M	-$114.44M	-$49.92M
Net Change in Cash	$32.28M	-$52.09M	$155.56M	-$80.87M	$65.74M	-$91.64M

Market Snapshot

About

Maximus, Inc. provides government health and human services program management and technology solutions. The company administers Medicaid, Medicare, welfare-to-work, and child support programs on behalf of state, federal, and international government clients. Maximus also offers consulting, system design, and digital transformation services for public sector agencies.