Maximus Inc (MMS) is trading up at $63.38 (+2.11%), as of the latest quote. It is a Russell 2000 constituent in the Industrials sector.
Maximus Inc revenue & net income history (FY2016–FY2025)
| FY2016Sep 2016 | FY2017Sep 2017 | FY2018Sep 2018 | FY2019Sep 2019 | FY2020Sep 2020 | FY2021Sep 2021 | FY2022Sep 2022 | FY2023Sep 2023 | FY2024Sep 2024 | FY2025Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.40B | $2.45B | $2.39B | $2.89B | $3.46B | $4.25B | $4.63B | $4.90B | $5.31B | $5.43B |
| Growth (year over year) | +14.5% | +2.0% | −2.4% | +20.7% | +19.9% | +22.9% | +8.9% | +5.9% | +8.2% | +2.4% |
| Gross profit | $562.2M | $611.9M | $594.4M | $671.2M | $711.0M | $947.0M | $939.8M | $1.03B | $1.25B | $1.33B |
| Gross margin | 23.4% | 25.0% | 24.8% | 23.2% | 20.5% | 22.3% | 20.3% | 21.0% | 23.6% | 24.6% |
| Operating income | $286.6M | $313.5M | $295.5M | $317.1M | $288.3M | $408.5M | $325.9M | $294.8M | $488.5M | $528.3M |
| Operating margin | 11.9% | 12.8% | 12.4% | 11.0% | 8.3% | 9.6% | 7.0% | 6.0% | 9.2% | 9.7% |
| Net income | $178.4M | $209.4M | $220.8M | $240.8M | $214.5M | $291.2M | $203.8M | $161.8M | $306.9M | $319.0M |
| Net margin | 7.4% | 8.5% | 9.2% | 8.3% | 6.2% | 6.8% | 4.4% | 3.3% | 5.8% | 5.9% |
| EPS (diluted) | $2.69 | $3.17 | $3.35 | $3.72 | $3.39 | $4.67 | $3.29 | $2.63 | $4.99 | $5.51 |
| Balance sheet | ||||||||||
| Cash and equivalents | $66.2M | $166.3M | $349.2M | $105.6M | $71.7M | $135.1M | $40.7M | $65.4M | $183.1M | $222.4M |
| Total assets | $1.35B | $1.35B | $1.46B | $1.75B | $2.02B | $4.12B | $3.99B | $3.99B | $4.13B | $4.07B |
| Total liabilities | $595.7M | $404.9M | $375.6M | $497.5M | $782.9M | $2.64B | $2.44B | $2.32B | $2.29B | $2.40B |
| Long-term debt | $165.3M | $527.0K | $374.0K | $231.0K | $18.0M | $1.43B | $1.29B | $1.16B | $1.09B | $1.28B |
| Shareholders' equity | $749.1M | $940.1M | $1.08B | $1.25B | $1.24B | $1.48B | $1.55B | $1.67B | $1.84B | $1.67B |
| Cash flow | ||||||||||
| Operating cash flow | $180.0M | $336.4M | $316.8M | $356.7M | $244.6M | $517.3M | $289.8M | $314.3M | $515.3M | $429.4M |
| Capital expenditure | — | — | $26.5M | $66.8M | $40.7M | $36.6M | $56.1M | $90.7M | $114.2M | $63.2M |
| Free cash flow | — | — | $290.3M | $289.9M | $203.9M | $480.8M | $233.7M | $223.6M | $401.1M | $366.2M |
| Share buybacks | $33.3M | $28.9M | $66.9M | $47.4M | $167.0M | $3.36M | $96.1M | $0 | $73.1M | $447.5M |
| Q4 FY24†Sep 2024 | Q1 FY25Dec 2024 | Q2 FY25Mar 2025 | Q3 FY25Jun 2025 | Q4 FY25†Sep 2025 | Q1 FY26Dec 2025 | Q2 FY26Mar 2026 | Q3 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.32B | $1.40B | $1.36B | $1.35B | $1.32B | $1.35B | $1.31B | $1.28B |
| Growth (year over year) | +4.4% | +5.7% | +1.0% | +2.5% | +0.2% | −4.1% | −4.1% | −5.1% |
| Gross profit | $301.7M | $301.6M | $338.8M | $359.5M | $333.6M | $318.7M | $342.3M | $348.8M |
| Gross margin | 22.9% | 21.5% | 24.9% | 26.7% | 25.3% | 23.7% | 26.2% | 27.3% |
| Operating income | $111.8M | $86.8M | $153.0M | $165.7M | $122.9M | $146.2M | $148.5M | $161.4M |
| Operating margin | 8.5% | 6.2% | 11.2% | 12.3% | 9.3% | 10.9% | 11.4% | 12.6% |
| Net income | $72.5M | $41.2M | $96.6M | $106.0M | $75.3M | $93.9M | $98.1M | $103.6M |
| Net margin | 5.5% | 2.9% | 7.1% | 7.9% | 5.7% | 7.0% | 7.5% | 8.1% |
| EPS (diluted) | $1.18 | $0.69 | $1.69 | $1.86 | $1.27 | $1.70 | $1.80 | $1.95 |
| Balance sheet | ||||||||
| Cash and equivalents | $183.1M | $72.7M | $108.1M | $59.8M | $222.4M | $137.6M | $157.5M | $57.0M |
| Total assets | $4.13B | $4.06B | $4.20B | $4.46B | $4.07B | $4.21B | $4.24B | $4.37B |
| Total liabilities | $2.29B | $2.41B | $2.53B | $2.69B | $2.40B | $2.49B | $2.54B | $2.63B |
| Long-term debt | $1.09B | $1.35B | $1.45B | $1.61B | $1.28B | $1.51B | $1.47B | $1.57B |
| Shareholders' equity | $1.84B | $1.65B | $1.67B | $1.77B | $1.67B | $1.72B | $1.70B | $1.74B |
| Cash flow | ||||||||
| Operating cash flow | $163.8M | −$80.0M | $42.7M | −$182.7M | $649.4M | −$244.4M | $189.5M | −$125.0M |
| Capital expenditure | $32.0M | $23.0M | $17.2M | $15.5M | $7.53M | $6.26M | $10.5M | $12.0M |
| Free cash flow | $131.9M | −$103.0M | $25.5M | −$198.2M | $641.8M | −$250.7M | $179.0M | −$137.0M |
| Share buybacks | $25.8M | $228.6M | $77.8M | $0 | $141.0M | $40.6M | $114.4M | $49.9M |
From Maximus Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Maximus Inc
Maximus Inc. is an American government services company, with operations in countries including the United States, Canada, and the United Kingdom. Maximus provides administration and other services for Medicaid, Medicare, health care reform, welfare-to-work, and student loan servicing, among other government programs. The company is based in Tysons, Virginia, has 39,600 employees and a reported annual revenue of $5.3 billion in fiscal year 2024.
Source: Wikipedia — Maximus Inc.
- Headquarters
- McLean, Virginia From SEC filings, Oct 2026
Recent News (2)
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MMS Distributing Named Nationwide Master Distributor of Crossbar Electronic Cigarettes MMS Distributing gives wholesale and retail partners a dependable source and dedicated account support for the Crossbar line NEW YORK, Oct. 20, 2026 /PRNewswire/ -- MMS Distributing, a B2B convenience…
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Cambria Gold Mines Announces Marketing Agreement with Maximus Strategic Consulting Inc. VANCOUVER, British Columbia, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Cambria Gold Mines Inc. (TSXV: CAMB; OTCQX: CAMVF) (“Cambria” or the “Company”) announces that it has entered into an online marketing …
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