Maximus, a Virginia corporation established in 1975 and celebrating its 50th anniversary this year, is a leading provider of tech-enabled services to government agencies. By moving people, technology, and government forward, Maximus helps improve the delivery of public services for more than 100 million American citizens, as well as citizens in the U.K., Canada, and the Middle East, amid complex technological, health, economic, and social challenges. As a trusted and accountable partner to primarily U.S. federal and state customers, we proudly design, develop, and deliver innovative and efficient programs that improve government’s effectiveness in serving its citizens. We create value for our customers through our ability to translate public policy into operating models that achieve outcomes for governments at scale.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.4B | 5.4B | 5.3B | 4.9B | 4.6B | 4.3B |
| Net Income | 372M | 319M | 307M | 162M | 204M | 291M |
| EPS | $6.69 | $5.51 | $4.99 | $2.63 | $3.29 | $4.67 |
| Free Cash Flow | 218M | 366M | 401M | 224M | 234M | 481M |
| ROIC | 13.8% | 13.7% | 13.3% | 8.0% | 8.5% | 15.3% |
| Gross Margin | 25.1% | 24.6% | 23.6% | 21.0% | 20.3% | 22.3% |
| Debt/Equity | 0.91 | 0.80 | 0.61 | 0.75 | 0.88 | 1.02 |
| Dividends/Share | $1.23 | $1.20 | $1.20 | $1.12 | $1.12 | $1.12 |
| Operating Income | 588M | 528M | 488M | 295M | 326M | 409M |
| Operating Margin | 10.9% | 9.7% | 9.2% | 6.0% | 7.0% | 9.6% |
| ROE | 21.6% | 18.1% | 17.5% | 10.1% | 13.5% | 21.4% |
| Shares Outstanding | 55M | 58M | 62M | 62M | 62M | 62M |
MAXIMUS, INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
MAXIMUS, INC. trades at 10.5x trailing earnings, compared to its 15-year median P/E of 18.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 17.0x vs a median of 14.3x. The company's 5-year average ROIC is 11.8% with a gross margin of 22.3%. Total shareholder yield (dividends + buybacks) is 8.8%. At current prices, the estimated annualized return to fair value is +0.7%.
MAXIMUS, INC. (MMS) has a current P/E ratio of 10.5, compared to its historical median P/E of 18.1. The stock is currently considered Cheap based on its historical valuation range.
MAXIMUS, INC. (MMS) has a 5-year average return on invested capital (ROIC) of 11.8%. This indicates solid capital allocation.
MAXIMUS, INC. (MMS) has a market capitalization of $3.7B. It is classified as a mid-cap stock.
Yes, MAXIMUS, INC. (MMS) pays a dividend with a trailing twelve-month yield of 1.80%. The company also returns capital through share buybacks, with a buyback yield of 6.97%.
Based on historical P/E analysis, MAXIMUS, INC. (MMS) appears cheap. The current P/E of 10.5 is 42% below its historical median of 18.1. The estimated fair value CAGR (P/E method) is 4.0%.
MAXIMUS, INC. (MMS) operates in the Services-Business Services, Nec industry, within the Industrials sector.
MAXIMUS, INC. (MMS) reported annual revenue of $5.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
MAXIMUS, INC. (MMS) has a net profit margin of 5.9%. This is a modest margin.
MAXIMUS, INC. (MMS) generated $366 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MAXIMUS, INC. (MMS) has a debt-to-equity ratio of 0.80. This indicates moderate leverage.
MAXIMUS, INC. (MMS) reported earnings per share (EPS) of $5.51 in its most recent fiscal year.
MAXIMUS, INC. (MMS) has a return on equity (ROE) of 18.1%. This indicates the company generates strong returns for shareholders.
MAXIMUS, INC. (MMS) has a 5-year average gross margin of 22.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for MAXIMUS, INC. (MMS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MAXIMUS, INC. (MMS) has a book value per share of $28.91, based on its most recent annual SEC filing.