NYSE:MMS
Maximus, Inc.
Maximus, Inc.'s revenue grew 2.4% in fiscal 2025 to $5.4B while operating margin rose to 9.7%. Free cash flow was $366.2M, 6.7% of revenue, and the diluted share count fell 5.8%.Summary generated from Maximus, Inc.'s SEC filings. Latest annual report filed Nov 20, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$5.4B
Revenue growth+2.4%
Revenue, 5-yr CAGR+9.4%
Gross margin24.6%
Operating margin9.7%
Net margin5.9%
ROIC13.6%
Return on equity18.1%
Debt / equity0.80
Free cash flow$366.2M
FCF margin6.7%
Share count change−5.8%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 4,254 | 4,631 | 4,905 | 5,306 | 5,431 |
| Operating income | 409 | 326 | 295 | 488 | 528 |
| Net income | 291 | 204 | 162 | 307 | 319 |
| Free cash flow | 481 | 234 | 224 | 401 | 366 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KEntry into a material agreement
May 28, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - 8-KResults of operations and financial condition
May 7, 2026 - 8-KResults of a shareholder vote
Mar 11, 2026