Wednesday 4 November 2026 Export MMS’s income statement to Excel — free account

Maximus, Inc.

MMS Industrials Specialty Business Services

Maximus, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $5.4 billion, up 2.36% from fiscal 2024.

Revenue: −5.15%
EPS: +4.81%
Free cash flow: +30.9%
Total debt: −1.23%

Quarter to June 2026, against a year earlier

68.33 2.87 +4.38%

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Market cap: $3.4B
P/E: 9.6×
Fwd P/E: 9.1×
Dividend yield: 2.46%
F-score: 8/9
Altman Z: 3.59
Beneish M: −2.66
Dividend safety: 85/100

Overview

Maximus, Inc. (MMS) Debt to equity

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Maximus, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.9×, up 0.1× from fiscal 2025 (0.8×). Over the past ten years it has ranged from 0.0× (fiscal 2018) to 1.0× (fiscal 2021); the current reading is higher than 82% of that period. That is above the Specialty Business Services industry median of 0.2× and above the Industrials sector median of 0.3×.

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<iframe src="https://stockrow.com/embed/MMS/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Maximus, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MMS/metrics/debt-to-equity">Maximus, Inc. (MMS) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.8×	29.74%
FY2024	0.6×	(18.04%)
FY2023	0.7×	(14.36%)
FY2022	0.9×	(14.18%)
FY2021	1.0×	4,276.82%
FY2020	0.0×	194.94%
FY2019	0.0×	7,800.00%
FY2018	0.0×	(90.91%)
FY2017	0.0×	(99.50%)
FY2016	0.2×	(35.83%)

Period	Debt to equity	Change
Jun 2026	0.9×	3.92%
Mar 2026	0.9×	(0.70%)
Dec 2025	0.9×	14.35%
Sep 2025	0.8×	(14.73%)
42 more quarters	Free account

Against its own ten years

Low 0.0× High 1.0×

Ten-year median 0.3×

Current reading's percentile 82

Company	Debt to equity
UNF Unifirst Corporation compare	0.0×
DLB Dolby Laboratories compare	0.0×
AZZ AZZ Inc. compare	0.3×
CBZ CBIZ, Inc. compare	0.8×
TIC Acuren Corporation compare	0.8×
AMTM Amentum Holdings, Inc. compare	0.8×
MMS Maximus, Inc.	0.9×
ABM ABM Industries Incorporated compare	1.0×
FA First Advantage Corporation compare	1.6×
Specialty Business Services industry median	0.2×
Industrials sector median	0.3×
Market median	0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Maximus, Inc. (MMS) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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