Maximus, Inc. (MMS) vs Acuren Corporation (TIC)

Maximus, Inc. and Acuren Corporation are both Specialty Business Services companies. Maximus, Inc. is the larger, with a market value of $2.8B against $1.9B — 1.4× the size. Acuren Corporation has negative trailing earnings, so its P/E is not meaningful; Maximus, Inc. trades at 7.7×. Acuren Corporation grew revenue faster over the last twelve months: 84.6% against −3.32%. Maximus, Inc. has the higher net margin (7.07% vs −5.94%) and the higher return on invested capital (10.9% vs −0.83%). Across the 19 metrics below, Maximus, Inc. leads on 13 and Acuren Corporation on 6.

Valuation

Metric MMS TIC Specialty Business Services median
P/E 7.71 n/m 23.86
P/S 0.53 0.94 1.06
P/B 1.60 0.92 2.37
Price to free cash flow 6.63 67.92 16.54
EV/EBITDA 6.08 15.72 11.51
EV/Sales 0.83 1.55 1.51
Earnings yield 12.96% (6.51%) 2.14%
Free cash flow yield 15.07% 1.47% 1.55%

Profitability

Metric MMS TIC Specialty Business Services median
Gross margin 25.59% 33.93% 35.31%
Operating margin 11.03% (2.15%) 3.43%
Net margin 7.07% (5.94%) 1.67%
Free cash flow margin 8.25% 1.39% 3.28%
Return on equity 21.11% (7.46%) 0.58%
Return on assets 8.40% (3.74%) 0.33%
Return on invested capital 10.90% (0.83%) 0.65%

Growth

Metric MMS TIC Specialty Business Services median
Revenue growth (TTM) (3.32%) 84.56% 6.04%
EPS growth (last fiscal year) 10.42% 39.85% —
Revenue growth, 5-year CAGR 9.43% — 7.66%
Net income growth, 5-year CAGR 8.26% — 0.00%

Health

Metric MMS TIC Specialty Business Services median
Debt to equity 0.94 0.77 0.21
Current ratio 2.42 2.91 1.62
Net debt to EBITDA 1.67 7.05 1.16

Dividend

Metric MMS TIC Specialty Business Services median
Dividend yield 1.45% — 1.61%
Payout ratio 0.40 — 0.00

Size

Metric MMS TIC Specialty Business Services median
Market cap 2.76b 1.94b 879.14m

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