
Maximus, Inc.
NYSE•MMS
CEO: Mr. Bruce L. Caswell
Sector: Industrials
Industry: Specialty Business Services
Listing Date: 1997-06-13
Maximus, Inc. operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers 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; and person-centered independent disability, long-term sick, and other health assessments. This segment also provides employment services, such as eligibility support, case management, job-readiness preparation, job search and employer outreach, job retention and career advancement, and educational and training services; technology solutions; system implementation project management services; and specialized consulting services. The U.S. Federal Services segment offers Business process services, eligibility and enrollment, outreach, and other services for federal health and human services programs; clinical services; and technology solutions, including application development and modernization services, enterprise business solutions, advanced analytics and emerging technologies, cybersecurity services, and infrastructure and engineering solutions. The Outside the U.S. segment offers BPS solutions for international governments, including health and disability assessments, program administration for employment services, wellbeing solutions, and other job seeker-related services. Maximus, Inc. was founded in 1975 and is headquartered in McLean, Virginia.
Contact Information
Market Cap
$4.13B
P/E (TTM)
11.2
37.2
Dividend Yield
1.6%
52W High
$100.00
52W Low
$63.77
52W Range
Rank19Top 5.6%
6.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$1.35B+0.00%
4-Quarter Trend
EPS
$1.71+0.00%
4-Quarter Trend
FCF
-$250.67M+0.00%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Net Income More Than Doubled Net Income reached $93.94M, more than doubling from $41.20M reported for the prior period.
Gross Margin Expansion Gross Profit Margin improved to 23.7% from 21.5% due to better cost management across segments.
Diluted EPS Jumped Diluted Earnings Per Share reached $1.70, a substantial increase over prior period's $0.69.
Divestiture Gain Recognized Recorded $9.0M gain from December 2025 sale of U.S. child support business within U.S. Services Segment.
Risk Factors
Increased Operating Cash Use Net cash used in operations was ($244.4M), significantly higher than prior period's ($80.0M) usage.
Cybersecurity Litigation Exposure MOVEit cybersecurity incident litigation remains active; company accrued amount for expected resolution outcomes.
Revenue Decline Reported Total Revenue declined 4.1% to $1.345B, driven by organic softness and prior divestitures.
Reliance on Key Contracts Reliance on a small number of individual contracts and customers is noted as a key business risk factor.
Outlook
Federal Margin Guidance Set U.S. Federal Services FY2026 operating margin forecast set between 16.5% and 17% range.
U.S. Services Margin Outlook U.S. Services Segment FY2026 operating margin expected to range between 10.5% and 11%.
Leaner Segment Margin Outside U.S. Segment FY2026 margin guidance narrowed to 1% to 3% range, expecting future improvement.
Subsequent Dividend Declared Board declared $0.33 quarterly dividend payable March 2, 2026, totaling approximately $18.0M cash payment.
Peer Comparison
Revenue (TTM)
ALK$14.24B
CAR$11.70B
MMS$5.37B
Gross Margin (Latest Quarter)
ALK94.3%
85.8%
OMAB75.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| TKR | $7.58B | 26.3 | 9.4% | 31.8% |
| POWL | $7.19B | 38.3 | 30.6% | 0.1% |
| KEX | $6.82B | 18.7 | 10.5% | 0.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.4%
Flat Growth
4Q Net Income CAGR
-0.9%
Stable Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention
Research & Insights
Next earnings:May 6, 2026
EPS:-
|Revenue:-
Reports
Financials
All Years
Form 10-Q - Q1 2026
Period End: Dec 31, 2025|Filed: Feb 5, 2026|Revenue: $1.35B+0.0%|EPS: $1.71+0.0%MissForm 10-K - FY 2025
Period End: Sep 30, 2025|Filed: Nov 20, 2025|Revenue: $5.43B+2.4%|EPS: $5.56+10.5%BeatForm 10-Q - Q3 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $1.35B+2.5%|EPS: $1.87+27.2%BeatForm 10-Q - Q2 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $1.36B+1.0%|EPS: $1.70+29.8%BeatForm 10-Q - Q1 2025
Period End: Dec 31, 2024|Filed: Feb 6, 2025|Revenue: $1.40B+5.7%|EPS: $0.69-34.3%MissForm 10-K - FY 2024
Period End: Sep 30, 2024|Filed: Nov 21, 2024|Revenue: $5.31B+8.2%|EPS: $5.03+89.8%BeatForm 10-Q - Q3 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $1.31B+10.6%|EPS: $1.47+194.0%MissForm 10-Q - Q2 2024
Period End: Mar 31, 2024|Filed: May 9, 2024|Revenue: $1.35B+11.7%|EPS: $1.31+151.9%Meet