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
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Maximus, Inc. (MMS) Free cash flow margin
Maximus, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 8.25%, up 1.5 percentage points from fiscal 2025 (6.74%). Over the past ten years it has ranged from 4.56% (fiscal 2023) to 12.7% (fiscal 2017); the current reading is higher than 55% of that period. That is above the Specialty Business Services industry median of 3.00% and above the Industrials sector median of 2.08%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 6.74% | (0.82) |
| FY2024 | 7.56% | 3.00 |
| FY2023 | 4.56% | (0.84) |
| FY2022 | 5.40% | (5.90) |
| FY2021 | 11.3% | 5.41 |
| FY2020 | 5.89% | (4.15) |
| FY2019 | 10.0% | (2.09) |
| FY2018 | 12.1% | (0.61) |
| FY2017 | 12.7% | 7.18 |
| FY2016 | 5.56% | 0.75 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| DLB Dolby Laboratories compare | 26.7% |
| AZZ AZZ Inc. compare | 12.4% |
| FA First Advantage Corporation compare | 11.8% |
| CBZ CBIZ, Inc. compare | 9.62% |
| MMS Maximus, Inc. | 8.25% |
| ABM ABM Industries Incorporated compare | 3.43% |
| AMTM Amentum Holdings, Inc. compare | 3.35% |
| UNF Unifirst Corporation compare | 2.84% |
| TIC Acuren Corporation compare | 1.39% |
| Specialty Business Services industry median | 3.00% |
| Industrials sector median | 2.08% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on MMS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement