MARKETS / NYSE / MMS
NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Maximus, Inc. MMS

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$5.4B
▲ 2.4% vs FY2024
EPS · FY25
$5.51
Dividend / sh · FY25
$1.20
Payout · FY25
ROE · FY25
18.1%
Net margin · FY25
5.9%
Dividend coverage
4.6×
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Result
USD 5.4B
Revenue, FY2025 · full 17-year series below
Revenue Net income
2465.40.32009201220152018202120242025
2465.40.32016201920222025

6 cents of every revenue dollar became profit this year.

Per share
USD 5.51
Diluted EPS, FY2025
EPS Dividend
2461.205.512009201220152018202120242025
2461.205.512016201920222025

Earnings covered the dividend 4.6 times — the rest stayed in the company.

Profitability
18.1%
Return on equity, FY2025
ROE
816243218.1%2009201220152018202120242025
816243218.1%2016201920222025
Operating margin9.7%
Net margin5.9%
Return on assets7.8%

Each USD of equity produced 18 cents of profit this year.

Returned to shareholders
USD 447.5M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 447.5M
Share of profit140.3%
Consecutive raises

USD 447.5M in buybacks — 140% of the year's profit, so the payout drew on cash built up earlier.

Growth
+9.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.5%
+9.4%
+10.0%
+13.3%
Net income
+16.1%
+8.3%
+7.3%
+10.6%
EPS, diluted
+18.8%
+10.2%
+8.9%
Dividend / share
+2.3%
+1.4%
+20.9%
Returned to shareholders
+67.0%
+21.8%
+18.5%
+16.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.05B
Shares outstanding, FY2025
0.030.052009201220152018202120242025
0.070.052016201920222025
Change, 5 years−10.9%
Change, 10 years−16.2%

The share count shrank 11% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 4.1B
total assets, end of FY2025
Total assetsUSD 4.1B
EquityUSD 1.7B
CashUSD 222.4M
Gross debtUSD 1.3B
Net debtUSD 1.1B
Current ratio1.64×

Net debt stands at 66% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
5.4
5.3
4.9
4.6
4.3
3.5
2.9
2.4
2.5
2.4
2.1
1.7
1.3
1.1
0.9
0.8
0.7
Operating income $B
0.5
0.5
0.3
0.3
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.1
0.1
0.1
0.1
EBITDA $B
0.5
0.5
0.3
0.4
0.4
0.3
0.4
0.3
0.4
0.3
0.3
0.3
0.2
0.1
0.1
0.1
0.1
Income tax $B
0.1
0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
Net income $B
0.3
0.3
0.2
0.2
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.0
EPS, diluted $
5.51
4.99
2.63
3.29
4.67
3.39
3.72
3.35
3.17
2.69
2.35
2.11
1.67
1.09
1.14
1.96
1.30
Dividend / sh $
1.20
1.20
1.12
1.12
1.12
1.12
1.00
0.18
0.18
0.18
0.18
0.18
0.18
0.18
0.15
0.24
0.23
Payout %
·
·
·
·
·
·
·
·
·
·
·
8
11
16
13
12
17
ROE %
18.1
17.5
10.1
13.2
23.4
17.2
20.7
21.8
24.8
26.2
27.0
26.8
23.8
18.4
22.8
22.1
15.7
Shares out B
0.05
0.06
0.06
0.06
0.06
0.06
0.06
0.06
0.07
0.07
0.07
0.07
0.07
0.07
0.03
0.03
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
66 of 66
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed