Touchstone
Last syncOct 31, 2026, 6:54 PM ET

MMS

Maximus, Inc. Industrials Services-Business Services, NEC Russell 3000
$63.72Close $3.5BMarket cap $52.10 – $97.3752-week range Nov 19, 2026Next report · before the open

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 26 · weaker than 74% of stocks over 12 months
  • Far from its high 35% below its 52-week high

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Sep 30, 2025 · filed Aug 6, 2026
Off 12-month high 35%
1wk up 1.1% price change
1mo up 19.8% price change
12-month return down 22% market up 11% · its own down 35%
F-score 7 / 9 Strong
Altman Z″ 3.24 Low risk
P/E 10.9× price / earnings
PEG 1.06 P/E / EPS growth
P/B 2.1× price / book
Earnings yield up 11.6% EBIT / enterprise value
Cheaper than 85% of the market · markedly cheap
Revenue growth up 2% year on year
EPS growth up 5% latest quarter · -1 pts
Sales growth down 5% latest quarter · -1 pts
ROE up 18% return on equity
Free cash margin up 7% $366.2M FCF
D/E 0.77 long-term debt / equity
Net debt / EBITDA 1.9×
Interest cover —EBIT / interest
Piotroski tests
  • took on more long-term debt
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • short-term liquidity improved
  • no new shares issued
  • gross margin widened

Trade setup

ATR% 2.8% $1.76 a day · 2×ATR $60.21
RS 26 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 0.6× vs 50-day average
Up/down volume 0.99 50 sessions
Implied move — no option chain · report Nov 19, 2026
Trend template · 1 of 8
  • Price above the 50-day average: passes

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Oct 20, 2026
Results reaction Oct 20, 20260% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $5.4B +2% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $3.5B FY2021 · $4.3B FY2022 · $4.6B FY2023 · $4.9B FY2024 · $5.3B FY2025 · $5.4B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $319.0M +4% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $214.5M FY2021 · $291.2M FY2022 · $203.8M FY2023 · $161.8M FY2024 · $306.9M FY2025 · $319.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $366.2M -9% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $203.9M FY2021 · $480.8M FY2022 · $233.7M FY2023 · $223.6M FY2024 · $401.1M FY2025 · $366.2M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 25%
  • Net 6%
  • Free cash 7%
0% 25% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 21% · Net 6% · Free cash 6% FY2021 · Gross 22% · Net 7% · Free cash 11% FY2022 · Gross 20% · Net 4% · Free cash 5% FY2023 · Gross 21% · Net 3% · Free cash 5% FY2024 · Gross 24% · Net 6% · Free cash 8% FY2025 · Gross 25% · Net 6% · Free cash 7%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.1B net debt
  • Cash
  • Long-term debt
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $71.7M · Long-term debt $18.0M FY2021 · Cash $135.1M · Long-term debt $1.4B FY2022 · Cash $40.7M · Long-term debt $1.3B FY2023 · Cash $65.4M · Long-term debt $1.2B FY2024 · Cash $183.1M · Long-term debt $1.1B FY2025 · Cash $222.4M · Long-term debt $1.3B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 54.80m -10.9% since FY2020
61.95m 54.80m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 61.50m FY2021 · 61.95m FY2022 · 60.77m FY2023 · 61m FY2024 · 60.35m FY2025 · 54.80m
  FY2020Sep 30, 2020 FY2021Sep 30, 2021 FY2022Sep 30, 2022 FY2023Sep 30, 2023 FY2024Sep 30, 2024 FY2025Sep 30, 2025
Revenue $3.5B $4.3B $4.6B $4.9B $5.3B $5.4B
Gross margin 21% 22% 20% 21% 24% 25%
Operating income $288.3M $408.5M $325.9M $294.8M $488.5M $528.3M
Net income $214.5M $291.2M $203.8M $161.8M $306.9M $319.0M
Net margin 6% 7% 4% 3% 6% 6%
Earnings per share $3.39 $4.67 $3.29 $2.63 $4.99 $5.51
Free cash flow $203.9M $480.8M $233.7M $223.6M $401.1M $366.2M
Free cash margin 6% 11% 5% 5% 8% 7%
Cash $71.7M $135.1M $40.7M $65.4M $183.1M $222.4M
Long-term debt $18.0M $1.4B $1.3B $1.2B $1.1B $1.3B
Shareholders' equity $1.2B $1.5B $1.5B $1.7B $1.8B $1.7B
Shares outstanding 61.50m 61.95m 60.77m 61m 60.35m 54.80m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 7, 2026 Quarterly ↗ Mar 31, 2026 37d
Feb 5, 2026 Quarterly ↗ Dec 31, 2025 36d
Nov 20, 2025 Annual ↗ Sep 30, 2025 51d
Aug 7, 2025 Quarterly ↗ Jun 30, 2025 38d
May 8, 2025 Quarterly ↗ Mar 31, 2025 38d
Feb 6, 2025 Quarterly ↗ Dec 31, 2024 37d
Nov 21, 2024 Annual ↗ Sep 30, 2024 52d
Aug 8, 2024 Quarterly ↗ Jun 30, 2024 39d
May 9, 2024 Quarterly ↗ Mar 31, 2024 39d
Feb 8, 2024 Quarterly ↗ Dec 31, 2023 39d
Nov 16, 2023 Annual ↗ Sep 30, 2023 47d

Current reports

FiledDisclosed
Oct 20, 2026 Material agreement · Results · Regulation FD ↗
Aug 6, 2026 Results ↗
May 28, 2026 Material agreement · New obligation ↗
May 7, 2026 Results ↗
Mar 11, 2026 Shareholder vote ↗
Feb 5, 2026 Results ↗
Dec 18, 2025 Director or officer change ↗
Nov 20, 2025 Results ↗
Sep 10, 2025 Other events ↗
Aug 7, 2025 Results ↗
Jun 12, 2025 Charter or bylaws ↗
May 8, 2025 Results ↗