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Maximus MMS U.S. Services — Gross Profit

Other segment segments

Outside the U.S.
$19.75M-28.0%

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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
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

Reported directly by Maximus in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

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
(dollars in thousands)U.S. Federal Services% (1 )U.S. Services% (1 )Outside the U.S.% (1 )Total
Revenue$$720,991$$418,227$$139,753$$1,278,971
Cost of revenue498,72069.2%311,44974.5%119,99985.9%930,168
Gross profit222,27130.8%106,77825.5%19,75414.1%348,803
Other segment items (2)88,23112.2%61,58914.7%18,54813.3%168,368
Segment operating income$$134,04018.6%$$45,18910.8%$$1,2060.9%180,435
Divestiture-related gains/(charges) (3)1,162
Other (4)18

Item 1. Financial Statements

FAQ

What is Maximus's U.S. services — gross profit?
Maximus (MMS) reported U.S. services — gross profit of $106.78M in Q2 2026.
How has Maximus's U.S. services — gross profit changed year-over-year?
Maximus's U.S. services — gross profit increased by 0.8% year-over-year, from $105.93M to $106.78M.
What is the long-term trend for Maximus's U.S. services — gross profit?
Over 4 years (2021 to 2025), Maximus's U.S. services — gross profit has grown at a 0.2% compound annual growth rate (CAGR), from $408.05M to $410.98M.
What does U.S. services — gross profit mean?
This metric represents the gross profit generated specifically by the U.S. Services business segment, calculated as segment revenue minus the direct costs of providing those services. It serves as a primary indicator of the segment's operational efficiency and its ability to manage direct labor and service delivery costs. Investors use this to evaluate the core profitability and margin profile of the company's domestic service operations.

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