MAXIMUS (MMS)

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MAXIMUS, Inc. is a government services company that helps public agencies administer complex health, human services, and citizen support programmes. Its work sits between public policy and day-to-day service delivery, converting rules, eligibility standards, and compliance requirements into operating systems that can serve large populations.

The company is best known for supporting programmes where governments need scale, accuracy, and consistent citizen engagement. These include health insurance eligibility and enrollment, Medicaid and other public benefit support, call centre operations, case management, independent medical reviews, appeals processing, and clinical assessment services. MAXIMUS also provides technology-enabled services that help agencies modernise workflows, manage data, and improve access to digital and phone-based support.

MAXIMUS reports through U.S. Federal Services, U.S. Services, and Outside the U.S. segments. Its largest source of revenue is U.S. Federal Services, where it works with federal agencies on programme administration, clinical services, technology solutions, and ongoing maintenance support. The U.S. Services segment focuses on state and local government clients, while the international business applies similar capabilities in selected non-U.S. markets.

For investors, MAXIMUS is distinctive because its revenue is tied to outsourced government programme delivery rather than a conventional consumer or industrial cycle. Demand is influenced by public-sector budgets, contract awards, healthcare policy, and the need for agencies to improve citizen access while controlling administrative costs. The company’s competitive position depends on execution quality, regulatory knowledge, contract compliance, and its ability to manage large, mission-critical operations.

61.20 USD
−0.48 (-0.78%)

Last updated

Market Cap
3.21B
P/E
8.61
P/FCF
8.64
P/S
0.6
Enterprise Value
4.59B
Sector
Industrials
Industry
Commercial Services & Supplies
Address
ATTN: TREASURY DEPT., MCLEAN, VA, 22102
Market Cap
3.21B
Enterprise Value
4.59B
P/E
8.61
P/B
1.89
P/S
0.6
EV / EBITDA
6.39
EV / Sales
0.86
EPS
7.1
Dividend Yield
2.11%
P/FCF
8.64
P/CF
7.81
Free Cash Flow
371.99M
ROE
22%
ROA
8.81%
Debt / Equity
0.9
Current Ratio
2.21
Quick Ratio
2.21
Cash
0.23
Avg Volume
744.72K
Fundamentals Snapshot Price
61.18

Income Statement

Line Item 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2
Revenue 1.31B 1.35B 1.32B 1.35B 1.36B
Gross profit 342.26M 318.67M 333.55M 359.51M 338.82M
Operating income 148.49M 146.21M 122.86M 165.67M 152.97M
EBITDA 181.11M 179.4M 160.04M 198.29M 185.4M
Net income 98.06M 93.94M 75.29M 105.98M 96.57M
Basic EPS 1.81 1.71 1.34 1.87 1.7
Diluted EPS 1.8 1.7 1.31 1.86 1.69

Balance Sheet

Line Item 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2
Total assets 4.24B 4.21B 4.07B 4.46B 4.2B
Total liabilities 2.54B 2.49B 2.4B 2.69B 2.53B
Total equity 1.7B 1.72B 1.67B 1.77B 1.67B
Cash & equivalents 157.45M 137.59M 222.35M 59.78M 108.06M
Current assets 1.51B 1.42B 1.25B 1.61B 1.33B
Current liabilities 681.69M 608.05M 765.16M 706.15M 721.24M

Cash Flow

Line Item 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2
Operating cash flow 189.53M -244.4M 649.37M -182.72M 42.71M
Investing cash flow -10.51M 6.63M -3.15M -15.49M -19.37M
Financing cash flow -113.28M 156.9M -490.67M 146.12M 8.93M
Change in cash 65.17M -80.93M 155.08M -50.56M 33.07M
Kind Filing Date Link
edgar index 8-K — MAXIMUS, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — MAXIMUS, INC. View Filing
edgar index 10-Q — MAXIMUS, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index SCHEDULE 13G — MAXIMUS, INC. View Filing
edgar index 3 — MAXIMUS, INC. View Filing
form 3 Form 3 — Moellering Elizabeth View Filing
edgar index SCHEDULE 13G/A — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 144 — MAXIMUS, INC. View Filing
form 4 Form 4 — Madsen Jan View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 8-K — MAXIMUS, INC. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — RAJAN GAYATHRI View Filing
form 4 Form 4 — Warren Michael J. View Filing
form 4 Form 4 — Altman Anne K. View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — Madsen Jan View Filing
edgar index 4 — MAXIMUS, INC. View Filing
form 4 Form 4 — MONTONI RICHARD A View Filing
edgar index 4 — MAXIMUS, INC. View Filing
form 4 Form 4 — MONTONI RICHARD A View Filing
edgar index 4 — MAXIMUS, INC. View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — HALEY JOHN J View Filing
form 4 Form 4 — Caswell Bruce View Filing
form 4 Form 4 — Caswell Bruce View Filing
form 4 Form 4 — Caswell Bruce View Filing
edgar index 4 — MAXIMUS, INC. View Filing
form 4 Form 4 — Mutryn David View Filing
edgar index 8-K — MAXIMUS, INC. View Filing
edgar index 10-Q — MAXIMUS, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index DEF 14A — MAXIMUS, INC. View Filing
edgar index DEFA14A — MAXIMUS, INC. View Filing
edgar index ARS — MAXIMUS, INC. View Filing
edgar index 4/A — MAXIMUS, INC. View Filing
edgar index 8-K — MAXIMUS, INC. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 144 — MAXIMUS, INC. View Filing
form 4 Form 4 — Link Michelle F. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
edgar index 4 — MAXIMUS, INC. View Filing
form 4 Form 4 — Link Michelle F. View Filing
form 4 Form 4 — Link Michelle F. View Filing
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