Maximus, Inc. (NYSE: MMS) is a Industrials company in the Specialty Business Services industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.
| Index | - | P/E | 8.95 | EPS (ttm) | 6.73 | Insider Own | 3.38% | Shs Outstand | 52.54M | Perf Week | 0.97% |
| Market Cap | 3.17B | Forward P/E | 6.64 | EPS next Y | 9.07 | Insider Trans | 0.19% | Shs Float | 51.79M | Perf Month | 11.93% |
| Enterprise Value | 4.55B | PEG | 0.27 | EPS next Q | - | Inst Own | - | Short Float | 6.05% | Perf Quarter | -8.18% |
| Income | 359.61M | P/S | 0.60 | EPS this Y | 26.27% | Inst Trans | - | Short Ratio | 4.15 | Perf Half Y | -36.02% |
| Sales | 5.32B | P/B | 1.94 | EPS next Y | 7.53% | ROA | 8.81% | Short Interest | 3.13M | Perf YTD | -30.20% |
| Book/sh | - | P/C | 7.98 | EPS next 5Y | 7.53% | ROE | 21.75% | 52W High | 103.25 -39.75% | Perf Year | -15.41% |
| Cash/sh | - | P/FCF | 8.51 | EPS past 3/5Y | 18.75% 10.20% | ROIC | 11.83% | 52W Low | 54.45 14.26% | Perf 3Y | -28.15% |
| Dividend Est. | 1.32 (2.12%) | EV/EBITDA | 6.32 | Sales past 3/5Y | 5.46% 9.42% | Gross Margin | 23.83% | Volatility | 2.79% 3.03% | Perf 5Y | -32.01% |
| Dividend TTM | 1.26 (2.03%) | EV/Sales | 0.86 | EPS Y/Y TTM | 33.87% | Oper. Margin | 10.81% | ATR (14) | 2.01 | Perf 10Y | 2.73% |
| Dividend Ex-Date | Aug 14, 2026 | Quick Ratio | 2.21 | Sales Y/Y TTM | 0.21% | Profit Margin | 7.02% | RSI (14) | 54.67 | Recom | 2.50 |
| Dividend Gr. 3/5Y | 2.33% 1.39% | Current Ratio | 2.21 | EPS Q/Q | 14.91% | SMA20 | 2.83% | Beta | 0.58 | Target Price | 110.00 |
| Payout | 18.19% | Debt/Eq | 0.96 | Sales Q/Q | -4.11% | SMA50 | 2.29% | Rel Volume | 0.78 | Prev Close | 60.25 |
| Employees | 37,200 | LT Debt/Eq | 0.81 | Earnings | Aug 06 | SMA200 | -18.39% | Avg Volume | 745.11K | Price | 62.21 |
| IPO Date | Jun 13, 1997 | Option/Short | Yes / Yes | EPS/Sales Surpr. | 1.65% -2.17% | Net Debt/EBITDA | 1.92 | Volume | 578,125 | Change | 3.25% |
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| Jan-02-25 | Upgrade | Raymond James | Market Perform → Outperform | |
| May-09-24 | Reiterated | Stifel Nicolaus | Buy | $105 → $110 |
| Mar-20-24 | Reiterated | Stifel Nicolaus | Buy | $105 |
| Jan-03-24 | Downgrade | Raymond James | Outperform → Market Perform | |
| Jun-28-21 | Downgrade | Raymond James | Strong Buy → Outperform | |
| Jul-08-20 | Upgrade | Raymond James | Market Perform → Strong Buy | |
| Jun-24-20 | Upgrade | KeyBanc | Sector Weight → Overweight | |
| Aug-09-19 | Downgrade | Wells Fargo | Outperform → Market Perform | |
| May-08-18 | Upgrade | First Analysis | Equal Weight → Overweight | |
| Feb-09-18 | Downgrade | Maxim Group | Buy → Hold |
Maximus, Inc. specializes in delivering business process services (BPS) tailored for governmental health and human welfare initiatives. Its operations are structured into three main divisions: U.S. Services, U.S. Federal Services, and International Services. The U.S. Services division delivers a wide array of BPS solutions to state and local government programs across the United States. These offerings encompass program administration, handling appeals and evaluations, and providing specialized consulting. Key programs supported include the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, and child support initiatives, alongside Preadmission Screening and Resident Reviews and Independent Developmental Disability assessments. Furthermore, this segment facilitates program eligibility and enrollment, operates centralized multilingual contact centers with multichannel and digital self-service capabilities, offers application assistance and impartial health plan selection guidance, and conducts outreach, education, eligibility determination, enrollment, and redetermination for beneficiaries. It also performs person-centered independent assessments for disability, long-term illness, and other health conditions, complemented by targeted consulting services. The U.S. Federal Services segment focuses on providing critical support to federal government agencies. Its services include establishing and managing centralized citizen engagement centers, overseeing document and record management, offering case management and direct citizen support, and delivering consumer education. This division also handles independent medical reviews, appeals for worker's compensation benefits, Medicare and Medicaid appeals, and eligibility appeals for the federal marketplace. Additionally, it contributes to the modernization of systems and IT infrastructure, provides operational support for infrastructure, offers software development, operations, and management, and specializes in data analytics. Internationally, the company's "Outside the U.S." segment delivers BPS offerings to both governmental bodies and commercial enterprises. These services include health and disability evaluations, the administration of employment programs, and various other services aimed at assisting job seekers. Established in 1975, Maximus, Inc. maintains its corporate headquarters in Tysons, Virginia.
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| Line Item (USD, M) | TTM — | FY 2025 9/30/2025 | FY 2024 9/30/2024 | FY 2023 9/30/2023 | FY 2022 9/30/2022 | FY 2021 9/30/2021 | FY 2020 9/30/2020 | FY 2019 9/30/2019 | FY 2018 9/30/2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,317 | 5,431 | 5,306 | 4,905 | 4,631 | 4,254 | 3,462 | 2,887 | 2,392 | |
| Cost of Goods Sold Incl. D&A | 4,051 | 4,190 | 4,146 | 3,971 | 3,782 | 3,352 | 2,786 | 2,294 | 1,808 | |
| Gross Profit | 1,268 | 1,250 | 1,160 | 934 | 849 | 903 | 675 | 593 | 584 | |
| Selling, General and Administrative Excl. Other | 683 | 673 | 668 | 639 | 538 | 483 | 384 | 273 | 284 | |
| Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Other Operating Expense | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Operating Income | 575 | 577 | 492 | 295 | 312 | 419 | 291 | 320 | 300 | |
| Interest Expense | 88 | 84 | 82 | 84 | 46 | 15 | 2 | 3 | 1 | |
| Unusual Expense | — | — | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | 9 | -48 | -3 | -1 | 11 | -21 | -2 | 0 | 0 | |
| Net Income Before Taxes | 496 | 445 | 407 | 210 | 277 | 384 | 287 | 317 | 299 | |
| Income Taxes | 122 | 126 | 100 | 49 | 73 | 92 | 73 | 77 | 78 | |
| Consolidated Net Income | 373 | 319 | 307 | 162 | 204 | 291 | 215 | 241 | 221 | |
| Net Income From Continuing Operations | 373 | 319 | 307 | 162 | 204 | 291 | 215 | 240 | 221 | |
| Net Income | 373 | 319 | 307 | 162 | 204 | 291 | 215 | 241 | 221 | |
| EPS (Recurring) | 6.73 | 5.56 | 5.03 | 2.65 | 3.30 | 4.69 | 3.40 | 3.73 | 3.37 | |
| EPS (Basic, Before Extraordinaries) | 6.73 | 5.56 | 5.03 | 2.65 | 3.30 | 4.69 | 3.40 | 3.73 | 3.37 | |
| EPS (Diluted) | 6.68 | 5.51 | 4.99 | 2.63 | 3.29 | 4.67 | 3.39 | 3.72 | 3.35 | |
| EBITDA | 720 | 675 | 624 | 456 | 465 | 503 | 396 | 406 | 362 | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | 9.31 | 16.58 | 18.67 | 28.40 | 17.59 | 17.82 | 20.18 | 20.77 | 19.42 | |
| Price To Sales Ratio | 0.64 | 0.96 | 1.07 | 0.93 | 0.77 | 1.21 | 1.24 | 1.71 | 1.80 | |
| Gross Margin | 23.85 | 23.02 | 21.86 | 19.04 | 18.33 | 21.23 | 19.50 | 20.54 | 24.41 | |
| Operating Margin | 10.81 | 10.62 | 9.27 | 6.01 | 6.74 | 9.85 | 8.41 | 11.08 | 12.54 | |
| Net Margin | 7.02 | 5.87 | 5.79 | 3.30 | 4.41 | 6.84 | 6.21 | 8.35 | 9.24 | |
| Shares Outstanding | 55 | 57 | 61 | 61 | 62 | 62 | 63 | 64 | 66 | |
| Market Capitalization | 3,422 | 5,208 | 5,683 | 4,555 | 3,588 | 5,158 | 4,310 | 4,945 | 4,294 | |
| Operating Lease Expense | — | — | — | — | — | — | — | — | — |
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| Madsen Jan | Director | Mar 17 '26 | Sale | 72.25 | 742 | 53,610 | 20,795 | Mar 17 |
| Caswell Bruce | CEO & President | Feb 10 '26 | Buy | 78.45 | 3,175 | 249,081 | 328,013 | Feb 11 |
| Mutryn David | Chief Financial Officer | Feb 09 '26 | Buy | 75.63 | 1,000 | 75,625 | 40,037 | Feb 09 |
| Link Michelle F. | Chief of Human Resources | Dec 03 '25 | Sale | 86.84 | 4,039 | 350,747 | 19,542 | Dec 03 |
| Warren Michael J. | Director | Nov 28 '25 | Buy | 86.11 | 14 | 1,240 | 15,485 | Dec 02 |
| RAJAN GAYATHRI | Director | Nov 28 '25 | Buy | 86.11 | 42 | 3,643 | 14,388 | Dec 02 |
| Link Michelle F. | Chief of Human Resources | Oct 01 '25 | Sale | 90.86 | 1,610 | 146,285 | 13,508 | Oct 02 |
| RAJAN GAYATHRI | Director | Aug 29 '25 | Buy | 87.58 | 41 | 3,630 | 14,338 | Sep 03 |
| Warren Michael J. | Director | Aug 29 '25 | Buy | 87.58 | 14 | 1,236 | 15,432 | Sep 03 |
| RUDDY RAYMOND B | Director | Jun 16 '25 | Buy | 69.66 | 1,435 | 99,962 | 314,561 | Jun 17 |
| RAJAN GAYATHRI | Director | May 30 '25 | Sale | 72.38 | 7,913 | 572,778 | 14,205 | Jun 03 |
| Warren Michael J. | Director | May 30 '25 | Buy | 72.29 | 17 | 1,231 | 15,372 | Jun 03 |
| RAJAN GAYATHRI | Director | May 30 '25 | Buy | 72.29 | 83 | 5,979 | 14,288 | Jun 03 |
| Madsen Jan | Director | Mar 18 '25 | Sale | 67.71 | 2,439 | 165,145 | 18,097 | Mar 19 |
| Warren Michael J. | Director | Feb 28 '25 | Buy | 66.64 | 18 | 1,225 | 4,103 | Mar 04 |