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Maximus MMS Gross Profit

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Segments

By segment

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U.S. Services$106.78M+0.8%
Outside the U.S.$19.75M-28.0%

Other financials

Income statement

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Revenue$1.3B-5.1%
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
FCF margin4.1%-1.5pp

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.

The source filing: Maximus’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 10:47 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001032220-26-000035
Line itemFor the Three Months Ended / June 30, 2026For the Three Months Ended / June 30, 2025For the Nine Months Ended / June 30, 2026For the Nine Months Ended / June 30, 2025
Revenue$1,278,971$1,348,400$3,929,984$4,112,861
Cost of revenue930,168988,8872,920,2473,112,970
Gross profit348,803359,5131,009,737999,891
Selling, general, and administrative expenses167,188170,831492,827525,423
Amortization of intangible assets20,18723,01060,78569,041
Operating income161,428165,672456,125405,427
Interest expense23,87822,65766,80561,648
Other (income)/expense, net(608)48(1,639)(603)

Item 1. Financial Statements

FAQ

What is Maximus's gross profit?
Maximus (MMS) reported gross profit of $348.8M in Q2 2026.
How has Maximus's gross profit changed year-over-year?
Maximus's gross profit decreased by 3.0% year-over-year, from $359.51M to $348.8M.
What is the long-term trend for Maximus's gross profit?
Over 4 years (2021 to 2025), Maximus's gross profit has grown at a 8.9% compound annual growth rate (CAGR), from $946.98M to $1.33B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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