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    Maximus Inc (MMS)

    Official site

    INDUSTRIALS • SPECIALTY BUSINESS SERVICES • NYSE

    $60.22
    +2.45 (+4.25%)

    Market Cap: $3.22B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    79%(31/39)
    Avg Surprise
    +10.12%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.02
    Range$1.91 - $2.13
    2 analysts
    Revenue Consensus
    $1.2B
    Range$1.2B - $1.2B
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.92
    Range$1.92 - $1.92
    1 analysts
    EPS Revisions
    1
    0
    7d
    1
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.00n/a
    60d ago$2.31-16.9%
    30d ago$2.31-16.9%
    7d ago$2.31-16.9%
    Current$1.92
    Revenue Consensus
    $1.4B
    Range$1.4B - $1.4B
    1 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$1.92---
    Sep 26EST
    -$2.02---
    Jun 26
    Reported Aug 6
    $2.22$2.20+0.91%Beat+2.8%
    Mar 26
    Reported May 7
    $2.07$1.97+5.08%Beat+3.0%
    Dec 25
    Reported Feb 5
    $1.85$1.82+1.65%Beat+14.9%
    Sep 25
    Reported Nov 20
    $1.62$1.67-2.99%Miss+11.0%
    Jun 25
    Reported Aug 7
    $2.16$1.39+55.40%Beat+24.1%
    Mar 25
    Reported May 8
    $2.01$1.38+45.65%Beat+28.0%
    Dec 24
    Reported Feb 6
    $1.61$1.37+17.52%Beat+20.1%
    Sep 24
    Reported Nov 20
    $1.46$1.48-1.35%Miss+13.2%
    Jun 24
    Reported Aug 7
    $1.74$1.52+14.47%Beat+67.3%
    Mar 24
    Reported May 8
    $1.57$1.30+20.77%Beat+96.3%
    Dec 23
    Reported Feb 7
    $1.34$1.28+4.69%Beat+42.6%
    Sep 23
    Reported Nov 15
    $1.29$1.32-2.27%Miss-7.9%
    Jun 23
    Reported Aug 2
    $1.04$1.02+1.96%Beat+103.9%
    Mar 23
    Reported May 3
    $0.80$0.83-3.61%Miss+0.0%
    Dec 22
    Reported Feb 8
    $0.94$0.76+23.68%Beat+10.6%
    Sep 22
    Reported Nov 21
    $1.40$0.97+44.33%Beat+68.7%
    Jun 22
    Reported Aug 3
    $0.51$0.71-28.17%Miss-66.2%
    Mar 22
    Reported May 4
    $0.80$0.72+11.11%Beat-38.0%
    Dec 21
    Reported Feb 3
    $0.85$0.80+6.25%Beat-17.5%
    Sep 21
    Reported Nov 18
    $0.83$0.87-4.60%Miss-18.6%
    Jun 21
    Reported Aug 5
    $1.51$1.09+38.53%Beat+45.2%
    Mar 21
    Reported May 6
    $1.29$0.82+57.32%Beat+200.0%
    Dec 20
    Reported Feb 4
    $1.03$0.90+14.44%Beat+13.2%
    Sep 20
    Reported Nov 19
    $1.02$0.90+13.33%Beat+9.7%
    Jun 20
    Reported Aug 6
    $1.04$0.78+33.33%Beat+7.2%
    Mar 20
    Reported May 7
    $0.43$0.66-34.85%Miss-55.2%
    Dec 19
    Reported Feb 6
    $0.91$0.91+0.00%Beat+5.8%
    Sep 19
    Reported Nov 19
    $0.93$0.94-1.06%Miss+29.2%
    Jun 19
    Reported Aug 8
    $0.97$0.93+4.30%Beat+6.6%
    Mar 19
    Reported May 9
    $0.96$0.91+5.49%Beat+10.3%
    Dec 18
    Reported Feb 7
    $0.86$0.81+6.17%Beat+10.3%
    Sep 18
    Reported Nov 20
    $0.72$0.72+0.00%Beat-11.1%
    Jun 18
    Reported Aug 9
    $0.91$0.82+10.98%Beat+7.1%
    Mar 18
    Reported May 10
    $0.87$0.86+1.16%Beat+8.7%
    Dec 17
    Reported Feb 8
    $0.78$0.75+4.00%Beat+6.8%
    Sep 17
    Reported Nov 9
    $0.81$0.77+5.19%Beat-
    Jun 17
    Reported Aug 3
    $0.85$0.77+10.39%Beat-
    Mar 17
    Reported May 4
    $0.80$0.79+1.27%Beat-
    Dec 16
    Reported Feb 9
    $0.73$0.64+14.06%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.19%
    Forward Annual Dividend$1.32
    Payout Ratio14.52%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Aug, Nov, Dec

    Growth

    3Y CAGR+2.33%
    5Y CAGR+1.39%

    Key Metrics

    Valuation
    P/E Ratio7.76EV/EBITDA6.63x
    Price/FCF7.35xFCF Yield13.61%
    Profitability
    Profit Margin7.07%Operating Margin12.60%
    ROE21.10%ROIC12.98%
    Financial Health
    Debt/Equity0.94xInterest Coverage6.51x
    Current Ratio2.42xQuick Ratio2.42x
    Trading Statistics
    Beta0.59Avg Volume791.88K
    52-Week High$98.4252-Week Low$51.04

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$57.05
    SMA 20$55.42
    SMA 50$56.53
    SMA 200$66.00
    EMA 10$57.51
    EMA 20$56.67
    EMA 50$56.87
    EMA 200$63.60

    MACD

    Line: 0.66Signal: -0.04Hist: 0.71

    ADX

    ADX: 19.6+DI: 34.6-DI: 18.3

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down48.0
    PSAR$54.33

    Bollinger Bands

    Upper Band$60.61
    Lower Band$50.24
    %B Position1872%(Upper)
    Band Width0.96

    RSI (14-Day)

    Neutral
    64.5

    Momentum Oscillators

    Stoch %K82.3
    Stoch %D81.9
    Williams %R-3.5
    ROC (10d)12.5%
    Momentum6.68
    CCI (20d)141.0
    MFI (14d)67.9

    Volatility Measures

    ATR (14d)$1.86(3.1%)
    StdDev (20d)2.59
    Hist Vol34.4%(Moderate)

    Volume Flow

    VWAP$60.01
    OBV-16.5M
    AD Line-114.4M
    CMF (20d)-0.053

    Volume Metrics

    Avg Vol (20d)806.6K
    Vol Ratio0.7x
    VWMA (20d)$55.41

    Pivot Points

    R3$60.17
    R2$59.42
    R1$58.59
    Pivot Point$57.84
    S1$57.01
    S2$56.26
    S3$55.43

    Advanced Oscillators

    TSI10.24
    Ultimate Osc61.5
    KST-5.80

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.28B$1.31B$1.35B$1.32B$1.35B$1.36B$1.40B$1.32B$1.31B$1.35B$1.33B$1.26B
    Cost of Revenue$930.17M$963.70M$1.03B$984.86M$988.89M$1.02B$1.10B$1.01B$982.62M$1.03B$1.03B$969.06M
    Gross Profit$348.80M$342.26M$318.67M$333.55M$359.51M$338.82M$301.56M$301.69M$332.31M$317.59M$300.05M$290.89M
    Operating Expenses$187.38M$193.78M$172.46M$210.69M$193.84M$185.85M$214.77M$189.94M$190.57M$190.09M$192.54M$191.77M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$167.19M$173.48M$152.16M$187.68M$170.83M$162.86M$191.74M$166.90M$167.03M$168.45M$169.19M$167.78M
    Operating Income$161.43M$148.49M$146.21M$122.86M$165.67M$152.97M$86.79M$111.76M$141.74M$127.49M$107.51M$99.12M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$23.88M$22.11M$20.82M$22.43M$22.66M$21.47M$17.52M$20.01M$20.55M$20.37M$21.51M$20.51M
    Income Before Tax$138.16M$126.53M$126.27M$100.47M$142.97M$132.46M$68.95M$92.67M$120.38M$107.95M$85.52M$78.17M
    Income Tax Expense$34.56M$28.47M$32.32M$25.18M$36.99M$35.89M$27.76M$20.16M$30.62M$27.44M$21.37M$19.03M
    Net Income$103.59M$98.06M$93.94M$75.29M$105.98M$96.57M$41.20M$72.50M$89.75M$80.51M$64.15M$59.15M
    EBITDA$194.94M$182.01M$181.01M$160.81M$198.98M$187.04M$118.60M$146.16M$173.70M$158.76M$139.38M$140.91M
    EBIT$162.04M$148.65M$147.08M$122.90M$165.62M$153.93M$86.47M$112.68M$140.93M$128.32M$107.02M$98.68M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $610.09M
    Gov Obligations / Revenue
    11.6%
    Obligations YoY
    N/A
    Active Awards
    25
    New Awards (TTM)
    6
    Avg Remaining Term
    12.6 mo

    Top agency: Department of Health and Human Services at 91.2% of trailing twelve month obligations across 5 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    91003126F0018Department of EducationDepartment of Education$172.73MApr 1, 2026
    205AE926F00129Department of the TreasuryInternal Revenue Service$13.63MSep 30, 2026
    75FCMC26F0021Department of Health and Human ServicesCenters for Medicare and Medicaid Services$10.31MJan 1, 2026
    205AE926F00117Department of the TreasuryInternal Revenue Service$2.41MSep 14, 2026
    89303026FET000028Department of EnergyDepartment of Energy$530000Sep 23, 2026
    205AE926F00132Department of the TreasuryInternal Revenue Service$293346Sep 30, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Sep 30, 2026.

    MMS Valuation and Fair Value

    P/E
    7.8x
    Forward P/E
    19.1x
    EV/EBITDA
    6.6x
    P/FCF
    7.3x
    PEG
    2.1x
    P/B
    1.8x
    See GNG's fair value

    MMS Profitability: Margins, ROIC and FCF

    Gross margin
    25.6%
    Operating margin
    12.6%
    Net margin
    7.1%
    ROIC
    13.0%
    ROE
    21.1%
    FCF margin
    8.3%
    FCF yield
    13.6%

    MMS Bull Case vs Bear Case

    Bull case

    • MMS beat EPS estimates in 75.0% of its last 8 reported quarters.

    Bear case

    • MMS's quarterly revenue changed -5.1% year over year.

    MMS Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    15.2%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.02

    MMS Dividend

    Forward yield
    2.2%
    Payout ratio
    14.5%
    3Y DPS growth
    2.3%
    5Y DPS growth
    1.4%
    Pay months
    Mar, Jun, Aug, Nov, Dec
    MMS dividend history

    Frequently Asked Questions About MMS

    What is MMS's current dividend yield?

    Maximus Inc (MMS) has a forward dividend yield of 2.19%.

    Does MMS pay dividends?

    Yes, Maximus Inc pays dividends with a forward dividend yield of 2.19%.

    What is MMS's P/E ratio?

    Maximus Inc has a price-to-earnings (P/E) ratio of 7.76.

    What is MMS's market cap?

    Maximus Inc (MMS) has a market capitalization of $3.22B with a current stock price of $60.22.

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