Maximus, Inc.: stock overview

MMSNYSETechnology · Services-Business Services, NEC

Price

$64.71

November 13, 2026Market cap $3.5B

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What Ploutos Investor adds for Maximus

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  • The full history: 17 fiscal years, from FY2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

Maximus had revenue of $5.2B over the last 12 months and net income of $371M, a net margin of 7.1%. Revenue grew by 9.4% a year on average over the last 5 years. At $64.71 the shares trade at a P/E of 9.5, against a median of 17.8 over the last 5 fiscal years. It has net debt of $1.6B. It pays a dividend yielding 2.04%.

From its SEC filings (latest fiscal year to September 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$3.5B
54.46M shares
P/E
9.5
Today9.5
Median17.8
Revenue, 12 months
$5.2B
+9.4% a year over 5 years
Net margin
7.1%
FY2025: 5.9%, above 62% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+5.2% a year over 2 years

  • FY2025Sep 30, 202510-K
    Revenue$5.4B
  • FY2024Sep 30, 202410-K
    Revenue$5.3B
  • FY2023Sep 30, 202310-K
    Revenue$4.9B

Fiscal years in figures

MMS's revenue, profit, cash flow and dividend with each year-end price, from FY2009 to FY2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $5.0B
$3.5B
Enterprise value 
$5.1B
P/E 3-year median: 18.7
9.5
EV / EBIT 
8.8
EV / Revenue 
1.0
P/B 3-year median: 3.0
2.0
FCF yield 3-year median: 7.1%
12.3%
Earnings yield 3-year median: 5.4%
10.5%

Profitability

Gross margin 
25.6%
Operating margin 
11.0%
Net margin 3-year median: 5.8%
7.1%
ROIC 
13.4%
ROIC, 5-year average 
10.9%
ROE 
21.6%

Growth

Revenue, yearly change 
+2.4%
EPS, yearly change 
+10.4%
FCF, yearly change 
-8.7%
Revenue, average a year 
+9.4%
EPS, average a year 
+10.2%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$57M
Total debt 
$1.7B
Of which operating leases 
$95M
Net debt 
$1.6B
Net debt / EBITDA 
2.6x
Interest cover 
6.5x
Current ratio 
2.42

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 1.3%
2.04%
Buybacks 
12.70%
Total returned 
14.74%
Shares, yearly change 
-9.7%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Gross margin

24.6%

Above 14% of the 293 companies in its industry, and 29% of all.

Operating margin

9.7%

Above 70% of the 462 companies in its industry, and 63% of all.

Net margin

5.9%

Above 62% of the 473 companies in its industry, and 55% of all.

ROE

18.6%

Above 78% of the 398 companies in its industry, and 82% of all.

ROA

7.6%

Above 77% of the 462 companies in its industry, and 81% of all.

Revenue growth

2.4%

Above 29% of the 461 companies in its industry, and 36% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
MAXIMUS, INC.
CIK
1032220
Exchange
NYSE
Industry (SIC)
7389 · Services-Business Services, NEC
Fiscal year ends
September 30
Latest annual report
September 30, 2025
Reporting currency
USD
Shares
54.46M

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The full analysis

What do Maximus's filings show?

These are Maximus's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about MMS

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What is MMS's market cap?

Maximus, Inc.'s market cap is $3.5B, at a price of $64.71 on November 13, 2026 and 54.46M shares.

What is MMS's P/E?

MMS's P/E is 9.5, on earnings per share of $6.76 over the last 12 months. The median over the last 5 fiscal years was 17.8.

How much revenue does MMS have?

Maximus had revenue of $5.2B over the last 12 months. Over the last 5 years it changed by +9.4% a year on average.

Does MMS pay a dividend?

Yes. Maximus paid $1.32 per share over the last 12 months, a yield of 2.04% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Maximus, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.