MAXIMUS, INC.
MMSNYSE
$58.30
↓ -1.2%Jul 17 close · end-of-day
Price
1Y↓ -16.6%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$3.2B
Enterprise Value
$4.6B
P/E
8.8
P/S
0.6
P/B
1.9
EV/EBITDA
—
PEG
0.5
FCF Yield
—
Dividend Yield
2.1%
Revenue (TTM)
$5.3B
Net Income (TTM)
$373.3M
Free Cash Flow (TTM)
—
Gross Margin
25.5%
Operating Margin
11.0%
Net Margin
7.0%
ROE
22.0%
ROIC
14.3%
Debt / Equity
0.9
Net Cash
-$1.4B
Return 1Y
-16.9%
Company profile
Maximus, Inc. provides business process services (BPS) to government health and human services programs. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works. The Federal Services segment provides centralized citizen engagement centers and support services.
- CEO
- Bruce L. Caswell
- Sector
- Services
- Industry
- Business Services
- Employees
- 39,500
- Headquarters
- Virginia
- Website
- maximus.com
Management & directors
- Caswell BruceCEO & President
- Mutryn DavidChief Financial Officer
- Link Michelle F.Chief of Human Resources
- Baylinson Ilene R.General Mgr - Health & Human
- Golinvaux Theresa DPrincipal Accounting Officer
- Martinez John ThomasChief Legal Officer
Roles derived from SEC Form 4 filings.
Earnings
MMS Q2 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$1.3B↓ -4.1%
Diluted EPS$1.80↑ +6.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | $4.3B | $4.6B | $4.9B | $5.3B | $5.4B |
| Gross profit | $711.0M | $947.0M | $939.8M | $1.0B | $1.3B | $1.3B |
| Operating income | $288.3M | $408.5M | $325.9M | $294.8M | $488.5M | $528.3M |
| Net income | $214.5M | $291.2M | $203.8M | $161.8M | $306.9M | $319.0M |
| Diluted EPS | $3.39 | $4.67 | $3.29 | $2.63 | $4.99 | $5.51 |
| Operating cash flow | $244.6M | $517.3M | $289.8M | $314.3M | $515.3M | $429.4M |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | 20.5% | 22.3% | 20.3% | 21.0% | 23.6% | 24.6% |
| Operating margin | 8.3% | 9.6% | 7.0% | 6.0% | 9.2% | 9.7% |
| Net margin | 6.2% | 6.8% | 4.4% | 3.3% | 5.8% | 5.9% |
| Line item | Q3 '24 | Q4 '24 | Q1 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '25 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | $1.4B | $1.3B | $1.3B | $1.3B | $1.3B |
| Gross profit | $332.3M | $301.7M | $301.6M | $338.8M | $359.5M | $333.6M | $318.7M | $342.3M |
| Operating income | $141.7M | $111.8M | $86.8M | $153.0M | $165.7M | $122.9M | $146.2M | $148.5M |
| Net income | $89.8M | $72.5M | $41.2M | $96.6M | $106.0M | $75.3M | $93.9M | $98.1M |
| Diluted EPS | $1.46 | $1.18 | $0.69 | $1.69 | $1.86 | $1.27 | $1.70 | $1.80 |
| Operating cash flow | $199.3M | $163.8M | -$80.0M | $42.7M | -$182.7M | $649.4M | -$244.4M | $189.5M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | 25.3% | 22.9% | 21.5% | 24.9% | 26.7% | 25.3% | 23.7% | 26.2% |
| Operating margin | 10.8% | 8.5% | 6.2% | 11.2% | 12.3% | 9.3% | 10.9% | 11.4% |
| Net margin | 6.8% | 5.5% | 2.9% | 7.1% | 7.9% | 5.7% | 7.0% | 7.5% |
Company news
Jul 15, 2026
Jul 9, 2026
Jul 7, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-03-17 | Madsen Jan | Sale | 742 | $72.25 | $53,609.50 | filing |
| 2026-03-10 | Madsen Jan | Award | 3,215 | $0.00 | $0.00 | filing |
| 2026-03-10 | HALEY JOHN J | Award | 7,009 | $0.00 | $0.00 | filing |
| 2026-03-10 | Altman Anne K. | Award | 3,062 | $0.00 | $0.00 | filing |
| 2026-03-10 | Warren Michael J. | Award | 2,246 | $0.00 | $0.00 | filing |
| 2026-03-10 | RAJAN GAYATHRI | Award | 2,246 | $0.00 | $0.00 | filing |
| 2026-02-27 | MONTONI RICHARD A | Gift | 7,000 | $0.00 | $0.00 | filing |
| 2026-02-24 | MONTONI RICHARD A | Gift | 3,000 | $0.00 | $0.00 | filing |
| 2026-02-18 | HALEY JOHN J | Gift | 32,764 | $0.00 | $0.00 | filing |
| 2026-02-18 | HALEY JOHN J | Gift | 32,764 | $0.00 | $0.00 | filing |
| 2026-02-10 | Caswell Bruce· CEO & President | Buy | 1,691 | $78.77 | $133,200.07 | filing |
| 2026-02-10 | Caswell Bruce· CEO & President | Buy | 1,332 | $78.22 | $104,189.04 | filing |
| 2026-02-10 | Caswell Bruce· CEO & President | Buy | 152 | $76.92 | $11,691.84 | filing |
| 2026-02-10 | HALEY JOHN J | Gift | 32,764 | $0.00 | $0.00 | filing |
| 2026-02-10 | HALEY JOHN J | Gift | 32,764 | $0.00 | $0.00 | filing |
| 2026-02-09 | Mutryn David· Chief Financial Officer | Buy | 1,000 | $75.63 | $75,625.00 | filing |
| 2025-12-03 | Link Michelle F.· Chief of Human Resources | Sale | 4,039 | $86.84 | $350,746.76 | filing |
| 2025-12-02 | Caswell Bruce· CEO & President | Tax withholding | 47,276 | $86.51 | $4.1M | filing |
| 2025-12-02 | Caswell Bruce· CEO & President | Tax withholding | 39,037 | $86.51 | $3.4M | filing |
| 2025-12-02 | Mutryn David· Chief Financial Officer | Tax withholding | 6,040 | $86.51 | $522,478.44 | filing |
| 2025-12-02 | Baylinson Ilene R.· General Mgr - Health & Human | Tax withholding | 3,831 | $86.51 | $331,452.68 | filing |
| 2025-12-02 | Link Michelle F.· Chief of Human Resources | Tax withholding | 3,319 | $86.51 | $287,092.95 | filing |
| 2025-12-02 | GOLINVAUX THERESA D· Principal Accounting Officer | Tax withholding | 542 | $86.51 | $46,849.23 | filing |
| 2025-12-02 | Baylinson Ilene R.· General Mgr - Health & Human | Award | 7,647 | $0.00 | $0.00 | filing |
| 2025-12-02 | Mutryn David· Chief Financial Officer | Award | 13,391 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.