Stocks Consumer discretionary MMS
NYSE · Consumer discretionaryMaximus, Inc. (MMS)
Maximus, Inc. brought in $5.2B of revenue over the twelve months to June 30, 2026, down 3.3% from a year earlier. Net income was $370.9M, a net margin of 7.1%. Operating cash flow minus capital spending left $366.2M of free cash flow in fiscal 2025. At June 30, 2026 it held $57M in cash against $1.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
Key facts about Maximus, Inc.
- Net worth
- Maximus, Inc. has a market value (market cap) of $3.4B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.4B (+2.4% year on year), with net income of $319M. Over the 12 months to June 30, 2026: revenue $5.2B, net income $370.9M.
- Cash flow
- In fiscal 2025 operations brought in $429.4M of cash; after $63.2M of capital spending, free cash flow was $366.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Maximus, Inc.'s next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Maximus, Inc. paid dividends of $1.20 per share in fiscal 2025, a yield of 1.83% at the current price.
What Maximus, Inc. does
Maximus, Inc. is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NYSE under the ticker MMS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.4B | $319M | $5.51 | $366.2M |
| 2024 | $5.3B | $306.9M | $4.99 | $401.1M |
| 2023 | $4.9B | $161.8M | $2.63 | $223.6M |
| 2022 | $4.6B | $203.8M | $3.29 | $233.7M |
| 2021 | $4.3B | $291.2M | $4.67 | $480.8M |
| 2020 | $3.5B | $214.5M | $3.39 | $203.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MMS ranks in Consumer discretionary
Dividends
Maximus, Inc. paid $1.20 per share in fiscal 2025. At the current price that is a yield of 1.83%. It paid out $68.7M in cash dividends, 22% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.20 | $68.7M | 22% |
| 2024 | $1.20 | $72.9M | 24% |
| 2023 | $1.12 | $68.1M | 42% |
| 2022 | $1.12 | $68.7M | 34% |
| 2021 | $1.12 | $68.8M | 24% |
| 2020 | $1.12 | $70.2M | 33% |
Latest SEC filings
What Maximus, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 20, 2026
- October 8, 2026Passive stake (5% or more) SCHEDULE 13G
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 5.1% to $1.3B versus the same quarter last year; diluted EPS $1.95 versus $1.86.
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026
- May 28, 2026
- May 7, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 4.1% to $1.3B versus the same quarter last year; diluted EPS $1.80 versus $1.69.
- May 7, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
What is MMS worth? A DCF from its reported cash flow
Insider trades
What the people running Maximus, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $174K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Link Michelle F.Chief of Human Resources | Soldpre-planned (10b5-1) | 3,208 | $174K |
| September 30, 2026 | Link Michelle F.Chief of Human Resources | Shares withheld for tax | 2,637 | $140.3K |
| September 30, 2026 | Baylinson Ilene R.General Mgr - Health & Human | Shares withheld for tax | 3,945 | $209.8K |
| September 30, 2026 | Golinvaux Theresa DPrincipal Accounting Officer | Shares withheld for tax | 1,244 | $66.1K |
| September 30, 2026 | Moellering ElizabethGeneral Counsel and Corp. Sec. | Shares withheld for tax | 713 | $37.9K |
| September 30, 2026 | Mutryn DavidChief Financial Officer | Shares withheld for tax | 4,749 | $252.6K |
| March 17, 2026 | Madsen JanDirector | Soldpre-planned (10b5-1) | 742 | $53.6K |
| March 10, 2026 | Rajan GayathriDirector | Received as pay | 2,246 | - |
Who owns MMS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Fmr LLC13G, passive with 1 related filers | 10.6% | August 6, 2026 |
| Vanguard Portfolio Management13G, passive | 6.45% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.23% | April 30, 2026 |
| Fuller & Thaler Asset Management, Inc.13G, passive | 5.14% | August 14, 2026 |
| Dimensional Fund Advisors LP13G, passive | 5.1% | October 8, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 351 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 7,443,930 | -75,697 |
| Fmr LLC | 5,544,432 | -2,633,941 |
| Vanguard Portfolio Management LLC | 3,388,533 | -83,103 |
| Fuller & Thaler Asset Management, Inc. | 2,702,710 | +621,244 |
| State Street Corp | 2,566,033 | +107,141 |
| Vanguard Capital Management LLC | 2,366,161 | -71,475 |
| Dimensional Fund Advisors LP | 2,354,118 | +246,840 |
| Reinhart Partners, LLC. | 1,982,415 | +1,127,346 |
| Geode Capital Management, LLC | 1,577,117 | +79,438 |
| Allianz Asset Management GmbH | 951,702 | +56,773 |
| Boston Partners | 910,040 | +240,987 |
| Stephens Investment Management Group LLC | 854,785 | +138,396 |
| Qube Research & Technologies Ltd | 782,546 | +384,427 |
| River Road Asset Management, LLC | 759,899 | -66,325 |
| Sio Capital Management, LLC | 715,267 | -53,558 |
| Charles Schwab Investment Management Inc | 703,314 | -13,606 |
| Northern Trust Corp | 699,692 | +6,664 |
| Norges Bank | 695,683 | new |
| Prudential Financial Inc | 683,912 | +662,785 |
| Goldman Sachs Group Inc | 640,595 | +160,013 |
Insiders
14 insiders reported holding 970,369 shares in total, about $63.8M at the last price.
| Holder | Shares |
|---|---|
| Caswell BruceCEO & President, Director | 328,013 |
| Ruddy Raymond BDirector | 315,940 |
| Haley John JDirector | 79,88032,764 held indirectly |
| Montoni Richard ADirector | 45,50045,500 held indirectly |
| Mutryn DavidChief Financial Officer | 35,614 |
| Altman Anne K.Director | 35,142 |
| Martinez John ThomasChief Legal Officer | 22,641 |
| Baylinson Ilene R.General Mgr - Health & Human | 21,689 |
| Madsen JanDirector | 20,795 |
| Warren Michael J.Director | 17,839 |
Questions about MMS
What does Maximus, Inc. do?
Maximus, Inc. is a company in the Consumer discretionary sector, listed on NYSE as MMS. Its shares trade on NYSE under the ticker MMS.
What is Maximus, Inc.'s net worth?
Maximus, Inc. has a market value (market cap) of $3.4B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Maximus, Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $370.9M on revenue of $5.2B, a net margin of 7.1%.
How much revenue does Maximus, Inc. make?
Over the twelve months to June 30, 2026 Maximus, Inc. reported revenue of $5.2B. That is 3.3% less than a year earlier.
When did Maximus, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the quarterly results from October 20, 2026.
When is Maximus, Inc.'s next earnings report?
Maximus, Inc.'s next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Maximus, Inc. pay a dividend?
Yes. Maximus, Inc. paid dividends of $1.20 per share in fiscal 2025, a yield of 1.83% at the current price.
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Where the numbers come from
Financial figures are the values Maximus, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.