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Maximus MMS Outside the US — Concentration risk

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GENon-U.S. — Concentration risk (as a percentage)
15%+1.2pp

Other financials

Income statement

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Revenue$1.3B-4.1%
Gross profit$342.3M+1.0%
Operating income$148.5M-2.9%
Net income$98.1M+1.5%
EPS (diluted)$1.80+6.5%

Balance sheet

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Cash & equivalents$157.5M+45.7%
Total debt$1.6B+0.5%
Total equity$1.7B+1.8%
Total assets$4.2B+0.9%

Cash flow

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Operating cash flow-$244.4M-206%
CapEx$10.5M-38.9%
Free cash flow-$250.7M-143%

Valuation

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Market cap$2.94B-9.4%
Enterprise value$4.41B-7.5%
P/E7.9×-2.9×
P/S0.6×0.0×

Profitability

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Gross margin25.5%+1.8pp
Operating margin11%+1.8pp
Net margin7%+1.5pp
FCF margin4.1%-1.5pp

Returns & leverage

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Return on equity22.2%+4.8pp
Debt / equity0.0×
Current ratio2.2×+0.4×

Where this comes from

Reported directly by Maximus in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The official record: Maximus’s 10-K, filed November 20, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Maximus's outside the US — concentration risk?
Maximus (MMS) reported outside the US — concentration risk of 13.8% in Q3 2025.
How has Maximus's outside the US — concentration risk changed year-over-year?
Maximus's outside the US — concentration risk increased by 10.0% year-over-year, from 12.5% to 13.8%.
What is the long-term trend for Maximus's outside the US — concentration risk?
Over 2 years (2023 to 2025), Maximus's outside the US — concentration risk has grown at a 7.0% compound annual growth rate (CAGR), from 48% to 55%.
What does outside the US — concentration risk mean?
This metric represents the degree of revenue or operational reliance on a limited number of clients or contracts within the international business segment. High concentration risk indicates potential vulnerability to the loss of a key customer or contract in foreign markets. Monitoring this helps investors assess the stability and diversification of the company's global revenue streams.