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) Operating margin

Alert me on Operating margin

Maximus, Inc.'s operating margin over the twelve months to 30 June 2026 was 11.0%, up 1.3 percentage points from fiscal 2025 (9.73%). Over the past ten years it has ranged from 6.01% (fiscal 2023) to 12.8% (fiscal 2017); the current reading is higher than 55% of that period. That is above the Specialty Business Services industry median of 3.53% and above the Industrials sector median of 5.12%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.73% 0.52
FY2024 9.21% 3.20
FY2023 6.01% (1.03)
FY2022 7.04% (2.56)
FY2021 9.60% 1.27
FY2020 8.33% (2.65)
FY2019 11.0% (1.37)
FY2018 12.4% (0.44)
FY2017 12.8% 0.86
FY2016 11.9% (0.44)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 12.6% 1.25
Mar 2026 11.4% 0.50
Dec 2025 10.9% 1.55
Sep 2025 9.32% (2.97)
42 more quarters

Against its own ten years

Low 6.01% High 12.8%
Ten-year median 9.73%
Current reading's percentile 69

Operating margin against peers

Company Operating margin
DLB Dolby Laboratories compare 17.7%
AZZ AZZ Inc. compare 16.5%
MMS Maximus, Inc. 11.0%
FA First Advantage Corporation compare 10.7%
CBZ CBIZ, Inc. compare 7.96%
UNF Unifirst Corporation compare 5.39%
AMTM Amentum Holdings, Inc. compare 4.22%
ABM ABM Industries Incorporated compare 3.51%
TIC Acuren Corporation compare −2.15%
Specialty Business Services industry median 3.53%
Industrials sector median 5.12%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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