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%
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

Maximus, Inc. (MMS) Free cash flow margin

Alert me on 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

Low 4.56% High 12.7%
Ten-year median 6.74%
Current reading's percentile 55

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

The full definition of Free cash flow margin →

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