Full text
Earnings transcript
Read the complete earnings call transcript.
MMS
Maximus, Inc.
$62.38
-0.18
(-0.29%)
| Exchange: | NYSE |
| Market Cap: | 3.403B |
| Shares Outstanding: | 50.213M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Specialty Business Services | |||||
| CEO: | Bruce L. Caswell | |||||
| Full Time Employees: | 41100 | |||||
| Address: |
| |||||
| Website: | https://www.maximus.com |
Maximus, Inc. provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S. state and local government programs, including the Affordable Care Act, Medicaid, the Children’s Health Insurance Program, Temporary Assistance to Needy Families, child support programs, Preadmission Screening and Resident Reviews, and Independent Developmental Disability assessments. This segment also provides program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; person-centered independent disability, long-term sick, and other health assessments; and specialized consulting services. The U.S. Federal Services segment offers centralized citizen engagement centers and support services; document and record management; case management, citizen support, and consumer education; independent medical reviews and worker’s compensation benefit appeals; Medicare and Medicaid appeals; and federal marketplace eligibility appeals. This segment also provides modernization of systems and information technology infrastructure; infrastructure operations and support services; software development, operations, and management services; and data analytics services. The Outside the U.S. segment offers BPS solutions for governments and commercial clients outside the United States, including health and disability assessments, program administration for employment services, and other job seeker-related services. The company was incorporated in 1975 and is headquartered in Tysons, Virginia.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,904,728 | 5,306,197 | 5,431,276 |
| Gross Profit | 934,017 | 1,160,082 | 1,249,883 |
| EBITDA | 456,447 | 624,276 | 674,745 |
| Operating Income | 295,369 | 491,717 | 576,752 |
| Net Income | 161,792 | 306,914 | 319,034 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,985,797 | 4,131,508 | 4,069,639 |
| Total Liabilities | 2,317,962 | 2,288,693 | 2,395,604 |
| Total Stockholders Equity | 1,667,835 | 1,842,815 | 1,674,035 |
| Total Debt | 1,429,212 | 1,276,970 | 71,289 |
| Cash and Cash Equivalents | 65,405 | 183,123 | 222,351 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 314,340 | 515,258 | 429,372 |
| Capital Expenditure | -90,695 | -114,190 | -63,213 |
| Free Cash Flow | 223,645 | 401,068 | 366,159 |
| Net Income | 161,792 | 306,914 | 319,034 |
| Net Change in Cash | -14,704 | 113,672 | 24,696 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2027 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,609,322.653 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 5,810,373.644 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 5,679,690.500 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 777,769.333 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 805,646.370 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 787,526.296 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 500,601.365 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 557,676.719 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 529,139.042 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 684,084.601 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 708,603.762 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 692,666.307 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 9.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 9.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 8.640 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q1 2025: As highlighted in the latest earnings call transcript, Maximus reported robust financial results for the first quarter of fiscal 2025, indicating effective operational execution and revenue growth. Key metrics such as revenue and net income likely contributed to this performance, reinforcing investor confidence.
- Expertise in Government Services: The company’s focus on government services, as noted in the earnings call summary, positions Maximus as a trusted partner in a stable and often recession-resistant sector. This specialization, combined with a strong track record, enhances its competitive edge.
- Positive Free Cash Flow: Based on cash flow statement data, Maximus demonstrates a healthy free cash flow yield (freeCashFlowYieldTTM), suggesting efficient capital management and the ability to fund growth initiatives or return value to shareholders through dividends or buybacks.
- Stable Dividend Yield: The dividend yield (dividendYieldTTM) from key metrics indicates a commitment to shareholder returns, which can attract income-focused investors in the 25-50 age demographic seeking consistent payouts.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MMS intrinsic value between $95.98 – $119.58 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MMS valuation
Is Maximus, Inc. (MMS) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Maximus, Inc. (MMS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MMS a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MMS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MMS’s P/E ratio?
You can see MMS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MMS?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MMS a good long-term investment?
Whether MMS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MMS
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.29
Trading Metrics:
| Open: | 62.02 | Previous Close: | 62.56 | |
| Day Low: | 60.75 | Day High: | 63.63 | |
| Year Low: | 60.75 | Year High: | 100 | |
| Price Avg 50: | 76.97 | Price Avg 200: | 81.79 | |
| Volume: | 975243 | Average Volume: | 740922 |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeMMS full analysis
Welcome to MARKETSNAP’s SWOT analysis for Maximus, a company that might not be on everyone’s radar but definitely deserves a closer look if you’re into long-term wealth-building plays. Today, we’re diving deep into what makes Maximus tick, breaking down their strengths, weaknesses, opportunities, and threats, while keeping an eye on what could drive this stock in the coming years. So, grab a coffee, let’s unpack this together, and figure out if Maximus is a hidden gem for your portfolio. First,…
