MAXIMUS, INC.
MAXIMUS, INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash And Cash Equivalents At Carrying Value | 57 | 157 | 138 | 222 | 60 | 108 | 73 | 183 | 103 | 77 | 104 | 65 | |||||
Accounts Receivable Net Current | 1,382 | 1,115 | 1,148 | 898 | 1,422 | 1,097 | 963 | 880 | 850 | 916 | 860 | 827 | |||||
Income Tax Receivable | 31 | 65 | 5 | 4 | 6 | 3 | 1 | 5 | 9 | 14 | 16 | 17 | |||||
Prepaid Expense And Other Assets Current | 171 | 172 | 133 | 129 | 117 | 119 | 129 | 133 | 116 | 111 | 129 | 147 | |||||
Assets Current | 1,641 | 1,509 | 1,423 | 1,253 | 1,605 | 1,328 | 1,165 | 1,201 | 1,078 | 1,118 | 1,110 | 1,055 | |||||
Property Plant And Equipment Net | 28 | 27 | 28 | 31 | 35 | 35 | 38 | 39 | 35 | 35 | 35 | 39 | |||||
Capitalized Computer Software Net | 201 | 203 | 211 | 214 | 217 | 211 | 200 | 188 | 169 | 142 | 125 | 108 | |||||
Operating Lease Right Of Use Asset | 88 | 84 | 94 | 101 | 115 | 118 | 119 | 134 | 139 | 148 | 155 | 164 | |||||
Goodwill | 1,781 | 1,781 | 1,781 | 1,782 | 1,783 | 1,781 | 1,780 | 1,783 | 1,780 | 1,780 | 1,781 | 1,779 | |||||
Finite Lived Intangible Assets Net | 477 | 497 | 518 | 538 | 562 | 584 | 607 | 631 | 653 | 677 | 680 | 704 | |||||
Capitalized Contract Cost Net | 60 | 63 | 67 | 63 | 60 | 61 | 59 | 59 | 54 | 49 | 46 | 45 | |||||
Assets Held In Trust Noncurrent | 68 | 58 | 65 | 63 | 59 | 53 | 56 | 56 | 53 | 52 | 47 | 43 | |||||
Deferred Income Tax Assets Net | 8 | 8 | 12 | 11 | 11 | 10 | 12 | 15 | 6 | 2 | 2 | 2 | |||||
Other Assets Noncurrent | 14 | 10 | 10 | 13 | 15 | 19 | 23 | 27 | 32 | 37 | 35 | 46 | |||||
Assets | 4,367 | 4,239 | 4,208 | 4,070 | 4,462 | 4,200 | 4,059 | 4,132 | 4,000 | 4,041 | 4,017 | 3,986 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Accounts Payable And Accrued Liabilities Current | 263 | 282 | 263 | 297 | 282 | 306 | 286 | 303 | 281 | 276 | 268 | 282 | |||||
Employee Related Liabilities Current | 146 | 152 | 125 | 237 | 164 | 165 | 120 | 237 | 162 | 173 | 116 | 194 | |||||
Contract With Customer Liability Current | 37 | 38 | 47 | 54 | 70 | 79 | 78 | 83 | 82 | 77 | 63 | 60 | |||||
Accrued Income Taxes Current | 1 | 1 | 18 | 17 | 31 | 18 | 37 | 27 | 11 | 16 | 24 | 0 | |||||
Long Term Debt Current | 72 | 64 | 58 | 53 | 48 | 47 | 35 | 40 | 40 | 89 | 90 | 87 | |||||
Operating Lease Liability Current | 38 | 35 | 37 | 39 | 40 | 39 | 38 | 48 | 48 | 48 | 48 | 50 | |||||
Other Liabilities Current | 121 | 109 | 59 | 69 | 70 | 66 | 85 | 70 | 56 | 51 | 49 | 49 | |||||
Liabilities Current | 678 | 682 | 608 | 765 | 706 | 721 | 679 | 808 | 680 | 729 | 658 | 723 | |||||
Contract With Customer Liability Noncurrent | 36 | 38 | 40 | 44 | 49 | 36 | 40 | 45 | 35 | 33 | 37 | 39 | |||||
Deferred Income Tax Liabilities Net | 200 | 213 | 177 | 149 | 161 | 167 | 173 | 169 | 201 | 193 | 198 | 204 | |||||
Long Term Debt Noncurrent | 1,565 | 1,472 | 1,509 | 1,282 | 1,609 | 1,446 | 1,353 | 1,092 | 1,101 | 1,121 | 1,222 | 1,163 | |||||
Deferred Compensation Liability Classified Noncurr… | 66 | 58 | 67 | 62 | 59 | 52 | 59 | 58 | 56 | 54 | 52 | 46 | |||||
Operating Lease Liability Noncurrent | 57 | 57 | 65 | 71 | 83 | 88 | 90 | 97 | 102 | 113 | 119 | 129 | |||||
Other Liabilities Noncurrent | 24 | 24 | 22 | 23 | 22 | 21 | 18 | 20 | 6 | 9 | 13 | 13 | |||||
Liabilities | 2,626 | 2,542 | 2,488 | 2,396 | 2,689 | 2,532 | 2,412 | 2,289 | 2,181 | 2,252 | 2,299 | 2,318 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value Outstanding | 647 | 639 | 629 | 628 | 627 | 616 | 603 | 598 | 604 | 594 | 585 | 578 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -21 | -21 | -19 | -18 | -13 | -18 | -20 | -32 | -31 | -30 | -31 | -28 | |||||
Retained Earnings Accumulated Deficit | 1,114 | 1,079 | 1,110 | 1,064 | 1,158 | 1,070 | 1,063 | 1,277 | 1,245 | 1,225 | 1,163 | 1,118 | |||||
Stockholders Equity | 1,741 | 1,697 | 1,720 | 1,674 | 1,773 | 1,667 | 1,647 | 1,843 | 1,819 | 1,789 | 1,718 | 1,668 | |||||
Liabilities And Stockholders Equity | 4,367 | 4,239 | 4,208 | 4,070 | 4,462 | 4,200 | 4,059 | 4,132 | 4,000 | 4,041 | 4,017 | 3,986 | |||||
Common Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Common Stock Shares Issued | 52 | 53 | 55 | 55 | 56 | 56 | 57 | 60 | 60 | 61 | 61 | 61 | |||||
Shares Outstanding | 52 | 53 | 55 | 55 | 56 | 56 | 57 | 60 | 60 | 61 | 61 | 61 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.90% | -16.41% | -15.92% | -6.58% | -17.74% | -9.99% | - | - | - | - | - | - |
| 2025 | -6.44% | -2.12% | -2.82% | -3.88% | -7.22% | -2.63% | 12.69% | 12.94% | 12.43% | 2.89% | 18.27% | -8.51% |
| 2024 | 6.76% | 6.84% | 2.42% | 3.27% | 2.79% | 10.97% | 5.92% | 6.43% | 0.08% | -6.87% | 2.47% | -6.91% |
| 2023 | - | - | - | - | - | - | - | - | - | 2.79% | -5.99% | -2.78% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.42 | 2.21 | 2.34 | 1.64 | 2.27 | 1.84 | 1.72 | 1.49 | 1.59 | 1.53 | 1.69 | 1.46 | |||||
| Quick Ratio | 2.17 | 1.96 | 2.12 | 1.47 | 2.11 | 1.68 | 1.53 | 1.32 | 1.42 | 1.38 | 1.49 | 1.26 | |||||
| Working Capital | 963.29M | 827.16M | 815.16M | 487.76M | 898.88M | 607.03M | 486.45M | 393.02M | 398.25M | 389.74M | 451.25M | 332.45M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.51 | 1.50 | 1.45 | 1.43 | 1.52 | 1.52 | 1.46 | 1.24 | 1.20 | 1.26 | 1.34 | 1.39 | |||||
| Interest Coverage TTM | 6.49 | 6.63 | 6.73 | 6.28 | 6.33 | 6.20 | 5.96 | 5.93 | 5.74 | 4.71 | 3.90 | 3.50 | |||||
| Debt Ratio | 0.60 | 0.60 | 0.59 | 0.59 | 0.60 | 0.60 | 0.59 | 0.55 | 0.55 | 0.56 | 0.57 | 0.58 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.19 | 1.26 | 1.30 | 1.32 | 1.28 | 1.31 | 1.33 | 1.31 | 1.32 | 1.29 | 1.21 | 1.23 | |||||
| Days Sales Outstanding TTM | 97.51 | 75.93 | 71.67 | 59.73 | 76.41 | 68.11 | 61.82 | 58.69 | 57.32 | 59.07 | 68.66 | 60.80 | |||||
| Receivables Turnover TTM | 3.74 | 4.81 | 5.09 | 6.11 | 4.78 | 5.36 | 5.90 | 6.22 | 6.37 | 6.18 | 5.32 | 6.00 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 6.99 | 6.84 | 6.72 | 5.51 | 5.55 | 5.26 | 4.73 | 4.99 | 4.78 | 3.81 | 3.02 | 2.63 | |||||
| Free Cash Flow Per Share TTM | 8.20 | 6.86 | 3.98 | 6.38 | -2.54 | 3.85 | 5.00 | 6.57 | 6.25 | 3.05 | 6.09 | 3.66 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 25.59% | 25.46% | 25.13% | 24.55% | 23.98% | 23.62% | 23.28% | 23.59% | 23.63% | 22.89% | 21.75% | 20.97% | |||||
| Operating Profit Margin TTM | 11.03% | 10.97% | 10.94% | 9.73% | 9.53% | 9.14% | 8.69% | 9.21% | 9.06% | 7.66% | 6.57% | 6.01% | |||||
| Net Profit Margin TTM | 7.07% | 7.02% | 6.92% | 5.87% | 5.83% | 5.56% | 5.28% | 5.78% | 5.59% | 4.58% | 3.73% | 3.30% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -3.32% | -1.44% | -0.15% | 2.36% | 3.40% | 5.29% | 8.01% | 8.19% | 8.89% | 7.67% | 5.35% | 5.91% | |||||
| Net Income Growth (1Y) | 17.28% | 24.42% | 30.93% | 3.95% | 7.73% | 27.85% | 52.71% | 89.70% | 70.96% | 36.29% | -2.39% | -20.62% | |||||
| EPS Growth (1Y) | 25.77% | 30.49% | 42.60% | 10.53% | 16.09% | 37.92% | 56.78% | 89.93% | 71.13% | 35.73% | -2.71% | -19.78% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 7.62 | 9.21 | 12.53 | 16.12 | 12.29 | 12.58 | 15.21 | 17.89 | 17.15 | 21.03 | 26.41 | 26.84 | |||||
| P/B TTM | 1.62 | 2.03 | 2.71 | 3.07 | 2.19 | 2.26 | 2.62 | 2.98 | 2.77 | 2.76 | 2.86 | 2.60 | |||||
| P/S TTM | 0.54 | 0.65 | 0.87 | 0.95 | 0.72 | 0.70 | 0.80 | 1.03 | 0.96 | 0.96 | 0.99 | 0.89 | |||||
| Market Cap | 2.82B | 3.44B | 4.66B | 5.14B | 3.89B | 3.78B | 4.32B | 5.49B | 5.04B | 4.94B | 4.91B | 4.34B | |||||
| Enterprise Value | 4.31B | 4.73B | 6.05B | 6.22B | 5.44B | 5.11B | 5.59B | 6.39B | 6.03B | 6.03B | 6.07B | 5.47B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 433.23M | 371.99M | 218.48M | 366.16M | -143.81M | 219.04M | 298.72M | 401.07M | 381.94M | 186.91M | 373.36M | 223.65M | |||||
| Net Debt | 1.48B | 1.29B | 1.39B | 1.07B | 1.55B | 1.34B | 1.27B | 896.33M | 992.85M | 1.09B | 1.16B | 1.13B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
MAXIMUS, INC. (MMS) — SEC Financial Statements & Analysis
MAXIMUS, INC. (MMS) is a services-business services, nec company, incorporated in VA. MAXIMUS, INC. trades on NYSE as: MMS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MAXIMUS, INC. reported a -3.32% year-over-year revenue growth, a Gross Profit Margin of 25.59% (TTM), a Debt-to-Equity ratio of 1.51x, a Price-to-Sales (P/S) ratio of 0.54x (TTM), a Price-to-Book (P/B) ratio of 1.62x (TTM), at a market cap of $2.82B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -3.32%
- Gross Profit Margin TTM
- 25.59%
- Debt To Equity
- 1.51x
- P/S TTM
- 0.54x
- P/B TTM
- 1.62x
- Market Cap
- $2.82B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MAXIMUS, INC. in?
MAXIMUS, INC. (MMS) operates in the Services-Business Services, NEC industry.
What is MMS's market cap?
MAXIMUS, INC. (MMS) has a market capitalization of $2.82B as of 2026-06-30.
What is MMS's P/E ratio?
MAXIMUS, INC. (MMS)'s trailing twelve month P/E ratio is 7.62x as of 2026-06-30.
What exchange does MMS trade on?
MAXIMUS, INC. (MMS) trades on the NYSE.
Where is MAXIMUS, INC. incorporated?
MAXIMUS, INC. is incorporated in VA.