MMS
$61.09-0.39%
Maximus Inc.Stock · IndustrialsRussell 2000 · 0.09% of IWMRussell 3000 · 0.004% of IWVUS Stock Market · 0.004% of VTI
MMS financial statements
The full income statement, balance sheet, and cash-flow statement for Maximus Inc. (MMS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 60.2M2024-09 60.3M2024-12 56.6M2025-03 56.3M2025-06 56.3M2025-09 54.5M2025-12 54.5M2026-03 52.5M2026-06 52.4M-13.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Revenue | 5.43B+2.4% | 5.31B+8.2% | 4.90B+5.9% | 4.63B+8.9% | 4.25B+22.9% | |
| 1.33B+6.5% | 1.25B+21.7% | 1.03B+9.4% | 940M-0.8% | 947M+33.2% | ||
| Cost of revenue | 4.10B+1.1% | 4.05B+4.6% | 3.88B+5.0% | 3.69B+11.6% | 3.31B+20.2% | |
| Selling, general & administrative | 713M+6.2% | 672M+5.1% | 639M+19.6% | 534M+8.2% | 494M+27.6% | |
| Amortization of intangibles | 92.0M+0.5% | 91.6M-3.2% | 94.6M+4.6% | 90.5M+103.9% | 44.4M+24.5% | |
| Operating income | 528M+8.1% | 488M+65.7% | 295M-9.5% | 326M-20.2% | 409M+41.7% | |
| Interest expense | 84.1M+2.0% | 82.4M-2.0% | 84.1M+83.0% | 46.0M+211.8% | 14.7M+616.1% | |
| Other non-operating income | 640K+42.2% | 450K+224.0% | -363K+87.2% | -2.83M+71.9% | -10.1M-1298.7% | |
| Pre-tax income | 445M+9.4% | 407M+93.3% | 210M-24.1% | 277M-27.8% | 384M+33.7% | |
| Income tax | 126M+26.3% | 99.6M+105.3% | 48.5M-33.8% | 73.3M-20.8% | 92.5M+27.5% | |
| Net income | 319M+3.9% | 307M+89.7% | 162M-20.6% | 204M-30.0% | 291M+35.8% | |
| $5.51+10.4% | $4.99+89.7% | $2.63-20.1% | $3.29-29.6% | $4.67+37.8% | ||
| EPS (basic) | $5.56+10.5% | $5.03+89.8% | $2.65-19.7% | $3.30-29.6% | $4.69+37.9% | |
| Weighted-avg shares (basic) | 57.4M-6.0% | 61.0M-0.1% | 61.1M-1.1% | 61.8M-0.5% | 62.1M-1.6% | |
| Weighted-avg shares (diluted) | 57.9M-5.8% | 61.5M+0.1% | 61.5M-0.8% | 62.0M-0.6% | 62.4M-1.5% | |
| Dividends per share | $1.20+0.0% | $1.20+7.1% | $1.12+0.0% | $1.12+0.0% | $1.12+0.0% | |
| Balance Sheet | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 1.25B+4.4% | 1.20B+13.7% | 1.06B+2.2% | 1.03B-4.4% | 1.08B+15.8% | ||
| Cash & equivalents | 222M+21.4% | 183M+180.0% | 65.4M+60.9% | 40.7M-69.9% | 135M+88.3% | |
| Accounts receivable | 898M+2.1% | 880M+6.4% | 827M+2.4% | 807M-3.3% | 835M+6.2% | |
| Prepaid expenses | 129M-3.1% | 133M-9.6% | 147M-19.6% | 182M+75.0% | 104M+43.6% | |
| 4.07B-1.5% | 4.13B+3.7% | 3.99B-0.2% | 3.99B-3.1% | 4.12B+103.4% | ||
| Property, plant & equipment | 31.0M-20.5% | 39.0M+0.4% | 38.8M-25.7% | 52.3M-16.6% | 62.6M-6.1% | |
| Operating lease right-of-use | 101M-24.8% | 134M-18.5% | 164M+23.4% | 133M-25.9% | 179M+1.2% | |
| Goodwill | 1.78B-0.0% | 1.78B+0.2% | 1.78B-0.0% | 1.78B+0.3% | 1.77B+199.2% | |
| Intangible assets | 538M-14.6% | 631M-10.4% | 704M-12.6% | 805M-8.4% | 879M+502.6% | |
| Deferred tax assets | 11.5M-22.4% | 14.8M+501.9% | 2.46M-50.5% | 4.97M+402.0% | 990K-48.3% | |
| Other non-current assets | 12.5M-53.9% | 27.1M-41.2% | 46.1M+8.7% | 42.4M+152.1% | 16.8M+45.4% | |
| 765M-5.2% | 808M+11.7% | 723M-6.6% | 774M-1.9% | 789M+40.7% | ||
| Accrued liabilities | 297M-2.1% | 303M+7.5% | 282M+6.6% | 265M-13.4% | 306M+20.6% | |
| Deferred revenue | 53.8M-35.4% | 83.2M+37.6% | 60.5M-30.6% | 87.1M-11.6% | 98.6M+90.9% | |
| Short-term & current debt | 52.7M+31.2% | 40.1M-53.8% | 86.8M+36.9% | 63.5M-21.2% | 80.6M+640.5% | |
| Current lease liability | 38.6M-19.0% | 47.7M-4.4% | 49.9M-22.1% | 64.0M-15.9% | 76.1M-5.8% | |
| Other current liabilities | 68.9M-0.8% | 69.5M+41.7% | 49.1M-57.8% | 116M+232.0% | 35.1M+58.8% | |
| 2.40B+4.7% | 2.29B-1.3% | 2.32B-5.1% | 2.44B-7.4% | 2.64B+237.0% | ||
| Long-term debt | 1.28B+17.4% | 1.09B-6.1% | 1.16B-10.0% | 1.29B-9.6% | 1.43B+7832.2% | |
| Deferred revenue (non-current) | 43.8M-2.9% | 45.1M+16.0% | 38.8M+81.4% | 21.4M-40.4% | 35.9M+31.6% | |
| Non-current lease liability | 71.3M-26.7% | 97.2M-24.8% | 129M+50.1% | 86.2M-29.2% | 122M+17.1% | |
| Operating lease liability (total) | — | 145M-19.2% | 179M+19.3% | 150M-24.1% | 198M+7.1% | |
| Deferred tax liabilities | 149M-11.9% | 169M-17.1% | 204M-1.1% | 206M+5.9% | 195M+686.8% | |
| Other non-current liabilities | 22.6M+12.1% | 20.2M+52.4% | 13.3M-41.1% | 22.5M+10.8% | 20.3M+126.2% | |
| 1.67B-9.2% | 1.84B+10.5% | 1.67B+7.6% | 1.55B+4.7% | 1.48B+19.2% | ||
| Retained earnings | 1.06B-16.7% | 1.28B+14.3% | 1.12B+9.0% | 1.03B+3.8% | 988M+28.2% | |
| Accumulated other comprehensive income | -17.9M+45.0% | -32.5M-17.5% | -27.6M+18.7% | -34.0M+14.9% | -39.9M+6.4% | |
| Total equity incl. non-controlling | 1.67B-9.2% | 1.84B+10.5% | 1.67B+7.6% | 1.55B+4.7% | 1.48B+19.2% | |
| Total liabilities & equity | 4.07B-1.5% | 4.13B+3.7% | 3.99B-0.2% | 3.99B-3.1% | 4.12B+103.4% | |
| Common shares issued | 54.8M-9.2% | 60.4M-1.1% | 61.0M+0.4% | 60.8M-1.9% | 62.0M+0.7% | |
| Common shares outstanding | 54.8M-9.2% | 60.4M-1.1% | 61.0M+0.4% | 60.8M-1.9% | 62.0M+0.7% | |
| Shares outstanding (cover) | 54.5M-9.7% | 60.3M-1.2% | 61.0M+0.4% | 60.8M-1.9% | 62.0M+0.8% | |
| Cash Flow | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 429M-16.7% | 515M+63.9% | 314M+8.5% | 290M-44.0% | 517M+111.5% | ||
| Depreciation & amortization | 41.7M+22.7% | 34.0M-37.9% | 54.7M+29.3% | 42.3M-8.7% | 46.4M-28.2% | |
| Intangible amortization | 92.0M+0.5% | 91.6M-3.2% | 94.6M+4.6% | 90.5M+103.9% | 44.4M+24.5% | |
| Share-based compensation | 41.2M+16.5% | 35.3M+19.7% | 29.5M-3.1% | 30.5M+6.7% | 28.6M+20.4% | |
| Deferred income taxes | -16.7M+53.6% | -36.0M-2421.0% | 1.55M-84.8% | 10.2M+255.1% | -6.58M+65.6% | |
| Change in receivables | 31.9M-37.0% | 50.6M+116.1% | 23.4M+265.6% | -14.1M+63.4% | -38.6M-121.3% | |
| -60.3M+53.3% | -129M-59.5% | -81.0M-49.9% | -54.0M+97.1% | -1.84B-4058.5% | ||
| Capital expenditure | 63.2M-44.6% | 114M+25.9% | 90.7M+61.5% | 56.1M+53.5% | 36.6M-10.2% | |
| Free cash flow | 366M-8.7% | 401M+79.3% | 224M-4.3% | 234M-51.4% | 481M+135.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 14.3M-99.2% | 1.80B+25358.7% | |
| Other investing activities | 2.17M | 0.00 | 0.00 | 0.00 | 0.00+100.0% | |
| -344M-24.8% | -276M-9.9% | -251M-1.0% | -248M-117.9% | 1.39B+702.2% | ||
| Long-term debt issued | 1.50B+36.3% | 1.10B+30.3% | 844M+37.3% | 615M-73.5% | 2.32B+263.3% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 771M-6.5% | 824M+33.1% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 447M+512.4% | 73.1M | 0.00-100.0% | 96.1M+2758.1% | 3.36M-98.0% | |
| Dividends paid | 68.7M-5.7% | 72.9M+7.1% | 68.1M-0.9% | 68.7M-0.2% | 68.8M-1.9% | |
| Other financing activities | -10.9M-166.2% | 16.5M+129.4% | -56.1M | 0.00+100.0% | -2.72M-182.0% | |
| FX effect on cash | -538K-117.0% | 3.16M+16.5% | 2.72M+137.0% | -7.33M-1647.3% | 474K-72.2% | |
| Net change in cash | 24.7M-78.3% | 114M+873.1% | -14.7M+25.6% | -19.8M-129.1% | 68.0M+343.5% | |
| Interest paid | 82.6M+4.6% | 79.0M-2.6% | 81.1M+88.2% | 43.1M+196.4% | 14.5M+808.7% | |
| Income taxes paid | 150M+50.4% | 99.7M+63.3% | 61.0M-19.7% | 76.0M-23.9% | 99.9M+12.1% | |
| Valuation Ratios | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Market cap | 4.98B-11.4% | 5.62B+23.7% | 4.54B+29.1% | 3.52B-31.8% | 5.15B+22.6% | |
| P/E | 15.6×-14.8% | 18.3×-30.8% | 26.4×+53.2% | 17.3×-2.5% | 17.7×-9.7% | |
| P/S | 0.9×-13.5% | 1.1×+12.4% | 0.9×+24.0% | 0.8×-37.3% | 1.2×-0.2% | |
| P/B | 3.0×-2.5% | 3.0×+9.6% | 2.8×+22.5% | 2.3×-34.8% | 3.5×+2.9% | |
| P/FCF | 13.6×-3.0% | 14.0×-35.0% | 21.5×+43.1% | 15.0×+40.4% | 10.7×-48.0% | |
| Earnings yield | 6.4%+17.3% | 5.5%+44.4% | 3.8%-34.7% | 5.8%+2.6% | 5.6%+10.7% | |
| FCF yield | 7.4%+3.1% | 7.1%+53.8% | 4.6%-30.1% | 6.6%-28.8% | 9.3%+92.3% | |
| Dividend yield | 1.3%+2.0% | 1.3%-14.1% | 1.5%-22.5% | 1.9%+43.8% | 1.3%-17.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MMS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MMS filings on SEC EDGAR → Not investment advice.