Maximus, Inc. MMS R2K
Maximus, Inc. operates as a provider of government services worldwide. The company operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Federal Services segment offers business process services, eligibility and enrollment, outreach, and other services for federal health and human services programs; clinical services; and technology solutions, such as application development and modernization services, enterprise business solutions, advanced analytics and emerging technologies, cybersecurity services, data management, and infrastructure and engineering solutions. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; subsidized telephone services; and person-centered independent assessment services. This segment also provides employment services, such as eligibility support, case management, job-readiness preparation, job search and employer outreach, job retention and career advancement, and educational and training services; technology solutions; and system implementation project management services. The Outside the U.S. segment offers BPS and technology solutions for international governments, including health and disability assessments, program administration for employment services, wellbeing solutions and other job seeker-related services, digitally-enabled customer services, and technologies for modernization. Maximus, Inc. was founded in 1975 and is headquartered in McLean, Virginia.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 22.2%.
- Profit CAGR of 16.1% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 36.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MMS Maximus, Inc. R2K | 61.93 | 9.30 | $3.25B | 2.13% | 16.01% | 22.19% | 5.46% | 16.11% |
| 2 | CAT Caterpillar Inc. SPX | 875.87 | 43.66 | $403.42B | 0.69% | 19.42% | 51.33% | 4.38% | 9.83% |
| 3 | GE GE Aerospace SPX | 323.76 | 40.17 | $338.27B | 0.58% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 968.32 | 28.33 | $260.21B | 0.21% | 6.30% | 75.71% | 8.68% | 92.84% |
| 5 | RTX RTX Corporation SPX | 179.66 | 33.64 | $241.95B | 1.54% | 9.41% | 11.57% | 9.72% | 9.01% |
| 6 | UNP Union Pacific Corporation SPX | 262.64 | 21.60 | $155.93B | 2.10% | 16.19% | 40.69% | -0.49% | 0.66% |
| 7 | ETN Eaton Corporation plc SPXAI | 400.60 | 39.20 | $155.55B | 1.10% | 16.23% | 20.84% | 9.77% | 18.41% |
| 8 | HON Honeywell International Inc. NDXSPX | 237.86 | 38.00 | $150.72B | 2.00% | 13.57% | 24.26% | 1.82% | -1.62% |
| 9 | DE Deere & Company SPX | 542.18 | 30.67 | $146.45B | 1.20% | 12.82% | 18.35% | -4.50% | -11.00% |
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 623.15M | 612.79M | 597.86M | 558.45M | 664.62M | 736.52M | 730.71M | 754.97M | 818.23M | 818.13M | 901.34M | 923.84M | 945.55M | 959.28M | 1.24B | 1.15B | 1.18B | 1.13B | 1.25B | 1.21B | 1.19B | 1.33B | 1.35B | 1.31B | 1.40B | 1.36B | 1.35B | 1.32B | 1.35B | 1.31B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02B | 988.89M | 984.86M | 1.03B | 963.70M |
| Gross Profit | 143.80M | 125.31M | 110.22M | 147.67M | 151.38M | 152.93M | 144.82M | 152.32M | 152.19M | 162.58M | 151.96M | 148.80M | 154.68M | 138.94M | 159.26M | 169.42M | 174.25M | 168.25M | 175.45M | 153.10M | 185.60M | 196.85M | 206.06M | 230.66M | 291.86M | 228.16M | 228.45M | 210.22M | 244.75M | 228.60M | 264.36M | 300.05M | 317.59M | 332.31M | 301.56M | 338.82M | 359.51M | 333.55M | 318.67M | 342.26M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 185.85M | 193.84M | 210.69M | 172.46M | 193.78M |
| Operating Income | 71.07M | 61.53M | 42.79M | 77.90M | 84.61M | 81.31M | 73.78M | 80.33M | 81.81M | 77.59M | 79.68M | 71.32M | 82.57M | 61.91M | 74.14M | 81.80M | 83.59M | 77.58M | 79.14M | 37.31M | 87.31M | 84.52M | 87.57M | 113.19M | 139.59M | 81.53M | 75.29M | 54.56M | 74.78M | 62.51M | 58.39M | 107.51M | 127.49M | 141.74M | 86.79M | 152.97M | 165.67M | 122.86M | 146.21M | 148.49M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 186.37M | 198.24M | 160.07M | 180.27M | 181.27M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.47M | 22.66M | 22.43M | 20.82M | 22.11M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 132.46M | 142.97M | 100.47M | 126.27M | 126.53M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.89M | 36.99M | 25.18M | 32.32M | 28.47M |
| Net Income | 41.67M | 35.44M | 26.61M | 48.78M | 52.23M | 50.74M | 46.66M | 52.52M | 56.92M | 53.33M | 59.09M | 55.49M | 59.86M | 46.31M | 55.91M | 61.92M | 62.90M | 60.09M | 58.73M | 27.65M | 64.46M | 63.66M | 64.08M | 80.61M | 94.50M | 53.33M | 50.10M | 31.34M | 39.99M | 31.79M | 30.86M | 64.15M | 80.51M | 89.75M | 41.20M | 96.57M | 105.98M | 75.29M | 93.94M | 98.06M |
| Diluted EPS | 0.62 | 0.53 | 0.40 | 0.74 | 0.79 | 0.77 | 0.71 | 0.80 | 0.86 | 0.81 | 0.89 | 0.84 | 0.91 | 0.71 | 0.86 | 0.96 | 0.97 | 0.93 | 0.91 | 0.43 | 1.04 | 1.02 | 1.03 | 1.29 | 1.51 | 0.85 | 0.80 | 0.51 | 0.65 | 0.52 | 0.50 | 1.04 | 1.31 | 1.46 | 0.69 | 1.69 | 1.86 | 1.32 | 1.70 | 1.80 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 2.45B | 2.39B | 2.89B | 3.46B | - | 4.63B | 4.90B | 5.31B | 5.43B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.69B | 3.88B | 4.05B | 4.10B |
| Gross Profit | 191.35M | 220.83M | 253.65M | 287.94M | 386.03M | 452.12M | 512.72M | 562.19M | 611.90M | 594.38M | 671.18M | 711.00M | - | 939.81M | 1.03B | 1.25B | 1.33B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 624.96M | 733.81M | 763.15M | 805.15M |
| Operating Income | 88.59M | 107.41M | 122.40M | 127.33M | 185.16M | 225.31M | 259.83M | 286.60M | 313.51M | 295.48M | 317.11M | 288.28M | - | 314.85M | 294.79M | 488.50M | 528.29M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 455.86M | 443.75M | 614.48M | 662.64M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 45.97M | 84.14M | 82.44M | 84.08M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 277.10M | 210.29M | 406.51M | 444.85M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 73.27M | 48.50M | 99.59M | 125.81M |
| Net Income | 46.54M | 70.41M | 81.17M | 76.13M | 116.73M | 145.44M | 157.77M | 178.36M | 209.43M | 220.75M | 240.82M | 214.51M | - | 203.83M | 161.79M | 306.91M | 319.03M |
| Diluted EPS | 1.30 | 1.96 | 1.14 | 1.09 | 1.67 | 2.11 | 2.35 | 2.69 | 3.17 | 3.35 | 3.72 | 3.39 | - | 3.29 | 2.63 | 4.99 | 5.51 |
Compounded Sales Growth
| 5 Years: | 5.46% |
| 1 Year: | -4.10% |
Compounded Profit Growth
| 5 Years: | 16.11% |
| 1 Year: | 6.50% |
Stock Price Performance
| 1 Year: | -13.10% |
| 6 Months: | -27.80% |
| 3 Months: | -17.64% |
| 1 Month: | -4.71% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 433.23M | 527.74M | 565.28M | 695.29M | 857.98M | 901.00M | 1.27B | 1.35B | 1.35B | 1.46B | 1.75B | 2.02B | - | 3.99B | 3.99B | 4.13B | 4.07B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03B | 1.06B | 1.20B | 1.25B |
| Cash & Equivalents | 119.61M | 87.81M | 155.32M | 172.95M | 189.31M | 125.62M | 158.11M | 74.67M | 66.20M | 166.25M | 349.25M | 105.56M | 71.74M | - | 40.66M | 65.41M | 183.12M | 222.35M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 723.98M | 692.71M | 734.82M | 720.50M |
| Total Liabilities | - | - | 188.95M | 190.82M | 244.19M | 328.20M | 344.81M | 655.86M | 595.68M | 404.89M | 375.58M | 497.53M | 782.88M | - | 2.44B | 2.32B | 2.29B | 2.40B |
| Current Liabilities | - | - | 164.69M | 163.89M | 184.61M | 262.04M | 265.32M | 356.38M | 340.76M | 316.27M | 277.45M | 364.24M | 561.17M | - | 774.45M | 723.01M | 807.53M | 765.16M |
| Long Term Debt | - | - | 1.41M | 1.65M | 1.56M | 1.32M | 1.06M | 210.62M | 165.34M | 527.00K | - | 231.00K | 18.02M | - | 1.29B | 1.16B | 1.09B | 1.28B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.51B | 1.43B | 1.28B | 1.44B |
| Total Equity | 275.71M | 297.13M | 338.79M | 374.46M | 451.11M | 529.51M | 555.96M | 612.38M | 749.08M | 940.09M | 1.08B | 1.25B | 1.24B | - | 1.55B | 1.67B | 1.84B | 1.67B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 60.77M | 61.00M | 60.35M | 54.80M |
Cash Flows (Annual)
Figures in USD.
| Metric | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 30.63M | 138.44M | 96.86M | 115.16M | 120.94M | 213.60M | 206.22M | 180.03M | 336.42M | 316.77M | 356.73M | 244.59M | - | 289.84M | 314.34M | 515.26M | 429.37M |
| Investing Cash Flow | -27.04M | -32.40M | -25.88M | -86.61M | -129.83M | -49.39M | -393.87M | -87.10M | -25.22M | -45.24M | -483.88M | -44.14M | - | -54.01M | -80.96M | -129.10M | -60.26M |
| Financing Cash Flow | -35.57M | -42.40M | -51.61M | -17.77M | -41.86M | -127.14M | 111.11M | -96.84M | -215.43M | -91.88M | -110.86M | -230.09M | - | -248.27M | -250.80M | -275.65M | -343.88M |
| Capital Expenditure | -19.69M | -13.94M | -18.51M | -18.37M | -43.58M | -36.26M | -98.99M | - | - | - | - | - | - | -56.15M | -90.69M | -114.19M | -63.21M |
| Free Cash Flow | 10.94M | 124.50M | 78.35M | 96.79M | 77.36M | 177.34M | 107.22M | - | - | - | - | - | - | 233.69M | 223.65M | 401.07M | 366.16M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -12.44M | -17.42M | 110.51M | 25.23M |
| Share Buybacks | 30.05M | 40.22M | 56.54M | 12.98M | 33.29M | 111.14M | 82.79M | 33.34M | 28.86M | 66.92M | 47.45M | 166.96M | 3.36M | 96.12M | 0 | 73.07M | 447.48M |
Ratios (Annual)
Figures in %.
| Metric | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 25.0% | 24.8% | 23.2% | 20.5% | - | 20.3% | 21.0% | 23.6% | 24.6% |
| Operating Margin % | - | - | - | - | - | - | - | - | 12.8% | 12.4% | 11.0% | 8.3% | - | 6.8% | 6.0% | 9.2% | 9.7% |
| Net Margin % | - | - | - | - | - | - | - | - | 8.5% | 9.2% | 8.3% | 6.2% | - | 4.4% | 3.3% | 5.8% | 5.9% |
| ROE % | 15.7% | 20.8% | 21.7% | 16.9% | 22.0% | 26.2% | 25.8% | 23.8% | 22.3% | 20.4% | 19.3% | 17.3% | - | 13.2% | 9.7% | 16.7% | 19.1% |
| ROCE % | - | 29.6% | 30.5% | 24.9% | 31.1% | 35.4% | 28.4% | 28.4% | 30.3% | 24.9% | 23.0% | 19.7% | - | 9.8% | 9.0% | 14.7% | 16.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 15.57% | 8.18M | $506.49M |
| 2 | Blackrock Inc. | 14.31% | 7.52M | $465.69M |
| 3 | Vanguard Portfolio Management LLC | 6.61% | 3.47M | $215.00M |
| 4 | State Street Corporation | 4.68% | 2.46M | $152.28M |
| 5 | Vanguard Capital Management LLC | 4.64% | 2.44M | $150.96M |
| 6 | Dimensional Fund Advisors LP | 4.01% | 2.11M | $130.50M |
| 7 | Fuller & Thaler Asset Management Inc. | 3.96% | 2.08M | $128.91M |
| 8 | Mackenzie Financial Corporation | 3.00% | 1.58M | $97.73M |
| 9 | Geode Capital Management, LLC | 2.85% | 1.50M | $92.75M |
| 10 | Van Berkom & Associates Inc. | 2.23% | 1.17M | $72.59M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MMS