MMS
Maximus Inc
NYSE: MMS · INDUSTRIALS · SPECIALTY BUSINESS SERVICES
$65.35
-0.05% today
Updated 2026-04-29
Market cap
$3.56B
P/E ratio
10.02
P/S ratio
0.66x
EPS (TTM)
$6.52
Dividend yield
1.88%
52W range
$61 – $100
Volume
0.7M
Maximus Inc (MMS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700.89M | $738.65M | $745.13M | $717.30M | $831.75M | $929.63M | $1.05B | $1.33B | $1.70B | $2.10B | $2.40B | $2.45B | $2.39B | $2.89B | $3.46B | $4.25B | $4.63B | $4.90B | $5.31B | $5.43B |
| Revenue growth (YoY) | — | +5.4% | +0.9% | -3.7% | +16.0% | +11.8% | +13.0% | +26.8% | +27.8% | +23.5% | +14.5% | +2.0% | -2.4% | +20.7% | +19.9% | +22.9% | +8.9% | +5.9% | +8.2% | +2.4% |
| Cost of revenue | $547.54M | $561.56M | $543.39M | $525.03M | $610.92M | $675.98M | $762.20M | $945.25M | $1.25B | $1.60B | $1.85B | $1.85B | $1.81B | $2.29B | $2.79B | $3.35B | $3.78B | $3.97B | $4.15B | $4.19B |
| Gross profit | $153.35M | $177.08M | $201.74M | $192.27M | $220.83M | $253.65M | $287.94M | $386.03M | $452.12M | $503.37M | $548.81M | $599.70M | $584.08M | $592.93M | $675.37M | $902.62M | $849.35M | $934.02M | $1.16B | $1.25B |
| Gross margin | 21.9% | 24.0% | 27.1% | 26.8% | 26.6% | 27.3% | 27.4% | 29.0% | 26.6% | 24.0% | 22.8% | 24.5% | 24.4% | 20.5% | 19.5% | 21.2% | 18.3% | 19.0% | 21.9% | 23.0% |
| R&D | — | — | — | — | — | $0.00 | $4.90M | $4.60M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $129.68M | $135.58M | $115.65M | $102.45M | $118.78M | $132.87M | $157.40M | $197.66M | $226.81M | $238.79M | $268.26M | $284.51M | $285.24M | $321.02M | $387.09M | $494.09M | $534.49M | $639.22M | $671.58M | $713.11M |
| Operating income | $23.68M | $41.50M | $86.09M | $85.54M | $102.06M | $121.59M | $130.54M | $188.17M | $225.90M | $264.58M | $282.75M | $315.19M | $299.78M | $319.81M | $291.18M | $419.35M | $311.78M | $295.37M | $491.72M | $576.75M |
| Operating margin | 3.4% | 5.6% | 11.6% | 11.9% | 12.3% | 13.1% | 12.4% | 14.1% | 13.3% | 12.6% | 11.8% | 12.9% | 12.5% | 11.1% | 8.4% | 9.9% | 6.7% | 6.0% | 9.3% | 10.6% |
| EBITDA | $38.79M | $24.09M | $59.03M | $102.19M | $126.66M | $148.74M | $158.21M | $224.88M | $276.04M | $317.41M | $361.88M | $384.37M | $362.40M | $405.74M | $396.08M | $502.74M | $464.76M | $456.45M | $624.28M | $674.75M |
| EBITDA margin | 5.5% | 3.3% | 7.9% | 14.2% | 15.2% | 16.0% | 15.1% | 16.9% | 16.2% | 15.1% | 15.1% | 15.7% | 15.1% | 14.1% | 11.4% | 11.8% | 10.0% | 9.3% | 11.8% | 12.4% |
| EBIT | $21.14M | $3.12M | $46.50M | $89.96M | $108.32M | $125.90M | $131.75M | $189.06M | $227.37M | $261.22M | $290.10M | $316.40M | $300.21M | $320.28M | $289.12M | $398.43M | $323.06M | $294.43M | $488.95M | $528.93M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4000.00 | $0.00 | $0.00 | $1.40M | $4.13M | $2.16M | $1.00M | $2.96M | $2.06M | $14.74M | $45.97M | $84.14M | $82.44M | $84.08M |
| Income tax | $1.57M | $11.37M | $18.22M | $35.38M | $38.92M | $43.75M | $55.65M | $71.93M | $81.97M | $99.77M | $105.81M | $102.05M | $78.39M | $76.83M | $72.55M | $92.48M | $73.27M | $48.50M | $99.59M | $125.81M |
| Effective tax rate | 39.0% | 364.7% | 73.2% | 43.2% | 35.6% | 35.0% | 42.2% | 38.1% | 36.0% | 38.7% | 37.2% | 32.8% | 26.2% | 24.2% | 25.3% | 24.1% | 26.4% | 23.1% | 24.5% | 28.3% |
| Net income | $2.46M | $-8.26M | $6.68M | $46.54M | $70.41M | $81.17M | $76.13M | $116.73M | $145.44M | $157.77M | $178.36M | $209.43M | $220.75M | $240.82M | $214.51M | $291.20M | $203.83M | $161.79M | $306.91M | $319.03M |
| Net income growth (YoY) | — | -435.6% | +180.9% | +597.0% | +51.3% | +15.3% | -6.2% | +53.3% | +24.6% | +8.5% | +13.1% | +17.4% | +5.4% | +9.1% | -10.9% | +35.8% | -30.0% | -20.6% | +89.7% | +3.9% |
| Profit margin | 0.4% | -1.1% | 0.9% | 6.5% | 8.5% | 8.7% | 7.2% | 8.8% | 8.6% | 7.5% | 7.4% | 8.5% | 9.2% | 8.3% | 6.2% | 6.8% | 4.4% | 3.3% | 5.8% | 5.9% |