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) Gross margin

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Maximus, Inc.'s gross margin over the twelve months to 30 June 2026 was 25.6%, up 1.0 percentage points from fiscal 2025 (24.6%). Over the past ten years it has ranged from 20.3% (fiscal 2022) to 25.0% (fiscal 2017); the current reading is higher than 82% of that period. That is below the Specialty Business Services industry median of 32.8% and below the Industrials sector median of 30.7%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 24.6% 0.96
FY2024 23.6% 2.62
FY2023 21.0% 0.68
FY2022 20.3% (1.97)
FY2021 22.3% 1.72
FY2020 20.5% (2.71)
FY2019 23.3% (1.60)
FY2018 24.9% (0.12)
FY2017 25.0% 1.58
FY2016 23.4% (1.03)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 27.3% 1.06
Mar 2026 26.2% 2.52
Dec 2025 23.7% (1.61)
Sep 2025 25.3% (1.36)
42 more quarters

Against its own ten years

Low 20.3% High 25.0%
Ten-year median 23.4%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
DLB Dolby Laboratories compare 87.6%
FA First Advantage Corporation compare 45.2%
UNF Unifirst Corporation compare 36.6%
TIC Acuren Corporation compare 33.9%
MMS Maximus, Inc. 25.6%
AZZ AZZ Inc. compare 24.3%
CBZ CBIZ, Inc. compare 13.0%
ABM ABM Industries Incorporated compare 12.0%
AMTM Amentum Holdings, Inc. compare 10.3%
Specialty Business Services industry median 32.8%
Industrials sector median 30.7%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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