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MAXIMUS, INC.
NYSE · CIK 1032220
Last close52.65
Daily change-0.88 (-1.64%)
10 Years gain+10.92%
Dividends TTM1.29 (+7.50%)
Dividend yield2.41%
Fundamental Analysis
MMS · STANDARD
SIC 7389 · Services-Business Services, NEC · Fiscal year end 0930
Fundamental
54.1Momentum
62.0Acceleration
62.5Confidence
92.0Annual Revenue17
Quarterly Revenue73
Annual CFO17
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth8.0 / 25
Quality14.3 / 25
Capital Efficiency12.3 / 20
Balance Sheet9.6 / 15
Shareholder Economics9.9 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 2.1688 percentage points.
Operating leverageOperating margin improved by 2.4025 percentage points.
ROIC expansionROIC improved by 2.6462 percentage points.
Share count reductionDiluted share count declined 7.0105%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Negative FCF · HIGHLatest free cash flow is negative.
FCF deterioration · MEDIUMFree cash flow declined 311.5048%.
Key Metrics
Revenue Growth TTM-2.75%OK
Revenue CAGR 3Y5.46%OK
Gross Margin25.94%OK
Operating Margin11.78%OK
FCF Margin-7.71%OK
FCF Growth-311.5%OK
ROIC14.43%OK
Incremental Operating Margin 3Y46.62%OK
Net Debt / CFO-4.36xOK
Diluted Share Growth 1Y-7.01%OK
SBC / Revenue0.66%OK
SBC / FCF-8.61%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Sep 30, 2025 | $5.43B | $1.33B | $528.29M | $429.37M | $366.16M | 24.55% | 9.73% | 6.74% | 13.59% | 57.92M |
| 2025 FY Sep 30, 2024 | $5.31B | $1.25B | $488.50M | $515.26M | $401.07M | 23.59% | 9.21% | 7.56% | 13.07% | 61.48M |
| 2025 FY Sep 30, 2023 | $4.90B | $1.03B | $294.79M | $314.34M | $223.65M | 20.97% | 6.01% | 4.56% | 7.93% | 61.45M |
| 2024 FY Sep 30, 2022 | $4.63B | $939.81M | $325.90M | $289.84M | $233.69M | 20.29% | 7.04% | 5.05% | 8.38% | 61.97M |
| 2023 FY Sep 30, 2021 | $4.25B | $946.98M | $408.53M | $517.32M | $480.76M | 22.26% | 9.6% | 11.3% | 15.3% | 62.37M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $5.28B | sum latest 4 fiscal quarters Revenue | OK | 0001032220-26-000035, 0001032220-26-000014 |
| Revenue Growth TTM | -2.75% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001032220-26-000035, 0001032220-26-000014 |
| Revenue CAGR 3Y | 5.46% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001032220-25-000053 |
| Revenue CAGR 5Y | 9.43% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001032220-25-000053 |
| Gross Profit CAGR 3Y | 12.37% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001032220-25-000053 |
| Operating Income Growth | 22.16% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001032220-26-000035, 0001032220-26-000014 |
| FCF Growth | -311.5% | FCF_current / FCF_prior_year - 1 | OK | 0001032220-26-000035, 0001032220-26-000027 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 25.94% | Gross Profit / Revenue | OK | 0001032220-26-000035, 0001032220-26-000014 |
| Operating Margin | 11.78% | Operating Income / Revenue | OK | 0001032220-26-000035, 0001032220-26-000014 |
| FCF Margin | -7.71% | (CFO - CapEx) / Revenue | OK | 0001032220-26-000035, 0001032220-26-000027 |
| ROIC | 14.43% | NOPAT / Average Invested Capital | OK | 0001032220-26-000035, 0001032220-26-000014 |
| Net Debt / CFO | -4.36x | Net Debt / CFO | OK | 0001032220-26-000035, 0001032220-26-000027 |
| Current Ratio | 2.42x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 0.03x | (Cash + Short-term Investments) / Total Debt | OK | 0001032220-26-000035 |