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Maximus MMS Free cash flow margin

Free cash flow margin at other companies

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11.8%+3.5pp
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10.7%+3.5pp
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10.1%+1.8pp
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AccentureACN
17.2%+2.3pp
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Conduent IncorporatedCNDT
-0.7%-0.2pp
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ICF InternationalICFI
10.9%+4.9pp

Other financials

Income statement

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Revenue$1.3B-5.1%
Gross profit$348.8M-3.0%
Operating income$161.4M-2.6%
Net income$103.6M-2.3%
EPS (diluted)$1.95+4.8%

Balance sheet

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Cash & equivalents$57.0M-4.7%
Total debt$1.7B-2.7%
Total equity$1.7B-1.8%
Total assets$4.4B-2.1%

Cash flow

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Operating cash flow-$125.0M+31.6%
CapEx$12.0M-22.6%
Free cash flow-$137.0M+30.9%

Valuation

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Market cap$3.06B-27.4%
Enterprise value$4.74B-20.2%
P/E8.3×-5.1×
P/S0.6×-0.2×

Profitability

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Gross margin25.6%+1.6pp
Operating margin11%+1.5pp
Net margin7.1%+1.2pp

Returns & leverage

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Return on equity21.1%+3.5pp
Debt / equity0.0×
Current ratio2.4×+0.1×

Where this comes from

Calculated from Maximus’s reported figures.

Based on trailing twelve months.

The source filing: Maximus’s 10-Q, filed February 5, 2026. Open the filing →

Filed
Feb 5, 2026, 11:04 AM EST
Fiscal quarter
Q1 FY2026
Calendar quarter
Q4 2025
Accession
0001032220-26-000014

FAQ

What is Maximus's free cash flow margin?
Maximus (MMS) reported free cash flow margin of 4.1% in Q4 2025.
How has Maximus's free cash flow margin changed year-over-year?
Maximus's free cash flow margin decreased by 26.7% year-over-year, from 5.6% to 4.1%.
What is the long-term trend for Maximus's free cash flow margin?
Over 3 years (2021 to 2025), Maximus's free cash flow margin has grown at a -18.1% compound annual growth rate (CAGR), from 12.3% to 6.7%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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