Maximus, Inc.

Maximus, Inc.

MMSยทNYSE

$60.14

+0.86%
IndustrialsSpecialty Business Services

Maximus, Inc. provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S. state and local government programs, including the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, child support programs, Preadmission Screening and Resident Reviews, and Independent Developmental Disability assessments. This segment also provides 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; person-centered independent disability, long-term sick, and other health assessments; and specialized consulting services. The U.S. Federal Services segment offers centralized citizen engagement centers and support services; document and record management; case management, citizen support, and consumer education; independent medical reviews and worker's compensation benefit appeals; Medicare and Medicaid appeals; and federal marketplace eligibility appeals. This segment also provides modernization of systems and information technology infrastructure; infrastructure operations and support services; software development, operations, and management services; and data analytics services. The Outside the U.S. segment offers BPS solutions for governments and commercial clients outside the United States, including health and disability assessments, program administration for employment services, and other job seeker-related services. The company was incorporated in 1975 and is headquartered in Tysons, Virginia.

At a Glance

Live Snapshot
Market Cap$3.16B
EPS5.5600
P/E Ratio10.82
Earnings Date08/06/2026
3Y+17.0%
5Y+57.0%
10Y+126.0%
3Y+57.0%
5Y+49.0%
10Y+79.0%
3Y+48.0%
5Y+76.0%
10Y+139.0%
Maximus, Inc.

Maximus, Inc. Profit Bridge

MMS ยท NYSE
Revenue5.43B
Cost of Goods Sold (4.19B)
Gross Profit1.25B
Operating Expenses (673.13M)
Operating Income576.75M
Interest Expense (84.08M)
Other Income/Expense-131.90M
Pretax Income444.85M
Income Tax (125.81M)
Net Income319.03M
Net Income
319.03M

Profitability Analysis

Gross Margin

23.0%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

10.6%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

5.9%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

28.3%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

Maximus, Inc. Income Statement

MMS โ€ข NYSE

Maximus, Inc. Income StatementSep 2025Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009Sep 2008Sep 2007Sep 2006
REVENUE
5.4B
5.3B
4.9B
4.6B
4.3B
3.5B
2.9B
2.4B
2.5B
2.4B
2.1B
1.7B
1.3B
1.1B
929.6M
831.7M
717.3M
745.1M
738.6M
700.9M
GROSS PROFIT
(4.2B)
(4.1B)
(4B)
(3.8B)
(3.4B)
(2.8B)
(2.2B)
(1.8B)
(1.8B)
(1.8B)
(1.6B)
(1.2B)
(945.2M)
(762.2M)
(676M)
(610.9M)
(525M)
(543.4M)
(561.6M)
(564.6M)
1.2B
1.2B
934M
849.3M
902.6M
711M
671.2M
594.4M
611.9M
562.2M
512.7M
452.1M
386M
287.9M
253.7M
220.8M
192.3M
201.7M
177.1M
136.2M
OPERATING INCOME
(673.1M)
(668.4M)
(638.6M)
(537.6M)
(483.3M)
(422.7M)
(354.1M)
(295.5M)
(296.7M)
(281.6M)
(248.1M)
(226.8M)
(197.7M)
(157.5M)
(131.3M)
-113.4M
-102.5M
(202.6M)
(180.7M)
(139.1M)
(673.1M)
(668.4M)
(638.6M)
(537.6M)
(483.3M)
(387.1M)
(321M)
(285.2M)
(284.5M)
(268.3M)
(238.8M)
(226.8M)
(197.7M)
(157.4M)
(132.9M)
-113.4M
-102.5M
(115.6M)
(135.6M)
(129.7M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(4.6M)
(4.9M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
576.8M
491.7M
295.4M
311.8M
419.4M
288.3M
317.1M
295.5M
313.5M
286.6M
259.8M
225.3M
186.2M
127.6M
122.4M
107.4M
89.8M
-895K
-3.1M
-2.8M
PRE-TAX INCOME
(84.1M)
(82.4M)
(84.1M)
(46M)
(14.7M)
(2.1M)
(3M)
(1M)
(2.2M)
(4.1M)
(1.4M)
(0.0)
(0.0)
(4K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-84.1M
-82.4M
-84.1M
-46M
-14.7M
-2.1M
-3M
-1M
-2.2M
-4.1M
-1.4M
0.0
0.0
4.2M
3.5M
916K
145K
2.4M
0.0
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(35.6M)
(33.1M)
(4.7M)
(2.9M)
(3.5M)
(1.4M)
(0.0)
(0.0)
(90K)
-1.6M
(0.0)
(0.0)
(87M)
(45.1M)
(9.4M)
-131.9M
-85.2M
-85.1M
-34.7M
-35.7M
-1.2M
213K
3.7M
723K
-635K
-13K
2.1M
2.9M
1.5M
3.5M
916K
145K
2.4M
6.3M
6.9M
444.8M
406.5M
210.3M
277.1M
383.7M
287.1M
317.3M
299.2M
314.2M
286M
259.8M
227.4M
189.1M
131.8M
125.9M
108.3M
90M
46.5M
3.1M
4M
NET INCOME
(125.8M)
(99.6M)
(48.5M)
(73.3M)
(92.5M)
(72.6M)
(76.8M)
(78.4M)
(102.1M)
(105.8M)
(99.8M)
(82M)
(71.9M)
(55.7M)
(43.8M)
(38.9M)
(35.4M)
(18.2M)
(11.4M)
(1.6M)
319M
306.9M
161.8M
203.8M
291.2M
214.5M
240.8M
220.8M
209.4M
178.4M
157.8M
145.4M
116.7M
76.1M
81.2M
70.4M
46.5M
6.7M
-8.3M
2.5M

SEC Filings

MMS - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 28, 2026
May 27, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

March 11, 2026
March 10, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 05, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

January 22, 2026
March 10, 2026
2026
8-K

8-K 2025

N/A

December 18, 2025
December 15, 2025
2025
10-K

10-K 2025 FY

FY

November 20, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 20, 2025
November 20, 2025
2025
Showing 1 to 10 of 389 filings