Maximus, Inc. (MMS)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 3,462 | 4,254 | 4,631 | 4,905 | 5,306 | 5,431 | 5,248 | 5,227 |
| Operating profit | $m | 577 | 571 | ||||||
| Net profit | $m | 215 | 291 | 204 | 162 | 307 | 319 | 371 | 463 |
| EPS reported | $ | 5.51 | 6.77 | ||||||
| Operating cashflow per share | $ | 7.48 | 8.88 | ||||||
| Capex per share | $ | 1.10 | 0.69 | ||||||
| FCF per share | $ | 6.38 | 8.20 | ||||||
| Free cash flow | $m | 366 | 433 | ||||||
| Net debt | $m | 1,112 | 1,618 | ||||||
| Book value equity | $m | 1,674 | 1,741 | ||||||
| Book value per share | $ | 28.90 | 32.81 | ||||||
| Number of shares | m | 57.92 | 53.06 | ||||||
| DPS (TTM paid) | $ | 1.20 | 1.29 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 16.58 | 7.77 | ||||||
| P/B LTM | x | 3.13 | 3.01 | ||||||
| P/S LTM | x | 0.97 | 1.00 | ||||||
| P/FCF LTM | x | 14.33 | 12.11 | ||||||
| EV/EBITDA LTM | x | 9.53 | 8.80 | ||||||
| EV/Sales LTM | x | 1.18 | 0.87 | ||||||
| Earnings Yield LTM | % | +6.03% | +12.87% | ||||||
| FCF Yield | % | +6.98% | +8.26% | ||||||
| Quality | |||||||||
| ROE | % | +19.06% | +21.72% | ||||||
| ROIC | % | +12.18% | +11.34% | ||||||
| Operating margin | % | +10.62% | +10.87% | ||||||
| Gross margin | % | +23.01% | +24.38% | ||||||
| FCF/Sales | % | +6.74% | +8.25% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +10.42% | +35.67% | ||||||
| Sales Growth YoY | % | +2.36% | -1.09% | ||||||
| Net Income Growth YoY | % | +3.95% | +20.84% | ||||||
| FCF Growth | % | -8.70% | +8.02% | ||||||
| Operating Profit Growth | % | +17.29% | +16.06% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +1.31% | +2.33% | ||||||
| Dividend Growth | % | 0.00% | +7.50% | ||||||
| Payout Ratio | % | +21.53% | +18.32% | ||||||
| FCF/Debt | x | 0.25 | 0.25 | ||||||
| Net Debt/EBITDA | x | 1.75 | 2.29 | ||||||
| EBIT/Net interest | x | 6.86 | 6.40 | ||||||
| Net debt/market cap | % | +26.17% | +57.68% | ||||||
| Net debt/Equity | x | 0.66 | 0.93 | ||||||
| Gross debt/equity | x | 0.86 | 0.99 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Maximus, Inc. specializes in delivering business process services (BPS) tailored for governmental health and human welfare initiatives. Its operations are structured into three main divisions: U.S. Services, U.S. Federal Services, and International Services. The U.S. Services division delivers a wide array of BPS solutions to state and local government programs across the United States. These offerings encompass program administration, handling appeals and evaluations, and providing specialized consulting. Key programs supported include the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, and child support initiatives, alongside Preadmission Screening and Resident Reviews and Independent Developmental Disability assessments. Furthermore, this segment facilitates program eligibility and enrollment, operates centralized multilingual contact centers with multichannel and digital self-service capabilities, offers application assistance and impartial health plan selection guidance, and conducts outreach, education, eligibility determination, enrollment, and redetermination for beneficiaries. It also performs person-centered independent assessments for disability, long-term illness, and other health conditions, complemented by targeted consulting services. The U.S. Federal Services segment focuses on providing critical support to federal government agencies. Its services include establishing and managing centralized citizen engagement centers, overseeing document and record management, offering case management and direct citizen support, and delivering consumer education. This division also handles independent medical reviews, appeals for worker's compensation benefits, Medicare and Medicaid appeals, and eligibility appeals for the federal marketplace. Additionally, it contributes to the modernization of systems and IT infrastructure, provides operational support for infrastructure, offers software development, operations, and management, and specializes in data analytics. Internationally, the company's "Outside the U.S." segment delivers BPS offerings to both governmental bodies and commercial enterprises. These services include health and disability evaluations, the administration of employment programs, and various other services aimed at assisting job seekers. Established in 1975, Maximus, Inc. maintains its corporate headquarters in Tysons, Virginia.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Maximus, Inc. specializes in delivering business process services (BPS) tailored for governmental health and human welfare initiatives. Its operations are structured into three main divisions: U.S. Services, U.S. Federal Services, and International Services. The U.S. Services division delivers a wide array of BPS solutions to state and local government programs across the United States. These offerings encompass program administration, handling appeals and evaluations, and providing specialized consulting. Key programs supported include the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, and child support initiatives, alongside Preadmission Screening and Resident Reviews and Independent Developmental Disability assessments. Furthermore, this segment facilitates program eligibility and enrollment, operates centralized multilingual contact centers with multichannel and digital self-service capabilities, offers application assistance and impartial health plan selection guidance, and conducts outreach, education, eligibility determination, enrollment, and redetermination for beneficiaries. It also performs person-centered independent assessments for disability, long-term illness, and other health conditions, complemented by targeted consulting services. The U.S. Federal Services segment focuses on providing critical support to federal government agencies. Its services include establishing and managing centralized citizen engagement centers, overseeing document and record management, offering case management and direct citizen support, and delivering consumer education. This division also handles independent medical reviews, appeals for worker's compensation benefits, Medicare and Medicaid appeals, and eligibility appeals for the federal marketplace. Additionally, it contributes to the modernization of systems and IT infrastructure, provides operational support for infrastructure, offers software development, operations, and management, and specializes in data analytics. Internationally, the company's "Outside the U.S." segment delivers BPS offerings to both governmental bodies and commercial enterprises. These services include health and disability evaluations, the administration of employment programs, and various other services aimed at assisting job seekers. Established in 1975, Maximus, Inc. maintains its corporate headquarters in Tysons, Virginia.
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