MAXIMUS, INC.
Company Stats
- Market Cap
- $2.8B
- as of Sep 30, 2026
- Enterprise Value
- $3.9B
- Shares Outstanding
- 52.4M
- Free Float
- 98.2%
Income Statement
- Revenue
- $5.4B
- Operating Income
- $528.3M
- Net Income
- $319.0M
- EBITDA
- $547.8M
- Revenue Growth, 3Y
- 5.5%
- FCF Margin, 3Y Avg
- 6.3%
- FCF Margin, Worst Year
- 4.6%
Cash Flow
- Free Cash Flow
- $366.2M
- FCF Yield
- 13.1%
- Owner FCF Yield
- 11.7%
Balance Sheet
- Cash & Equivalents
- $222.4M
- Total Debt
- $1.3B
- Net Debt
- $1.1B
- Net Debt / EBITDA
- 2.03x
- EV / EBITDA
- 7.11x
- Net Debt / EBIT
- 2.10x
Returns & Capital
- Dividends Paid
- $68.7M
- Dividend Yield
- 2.5%
- Dividend Payout, 3Y Avg
- 29.1%
- Share Repurchases
- $447.5M
- Buyback Yield, 3Y Avg
- 6.2%
- SBC, 3Y Avg
- $35.4M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $5.4B | $366.2M | 6.7% |
| FY2024 | $5.3B | $401.1M | 7.6% |
| FY2023 | $4.9B | $223.6M | 4.6% |
| FY2022 | $4.6B | $233.7M | 5.0% |
| FY2021 | $4.3B | $480.8M | 11.3% |
Annual filing data through FY ended September 30, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Earnings
Other Coverage
October 26, 2026
Deals
Maximus to Buy Agile Defense for $660 Million in Cash Plus Potential Contingent Consideration
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
October 5, 2026
Filing Trends
SEC Questions Costs Left Out of Adjusted Earnings
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
Maximus to Buy Agile Defense for $660 Million in Cash Plus Potential Contingent Consideration
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
October 5, 2026
Filing Trends
SEC Questions Costs Left Out of Adjusted Earnings
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges