Maximus MMS Ratios & Valuation
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.5%+1.8pp | 25.1%+1.8pp | 24.6%+1.0pp | 24%+0.3pp | 23.6%+0.7pp | |
| Operating margin | 11%+1.8pp | 10.9%+2.2pp | 9.7%+0.5pp | 9.5%+0.5pp | 9.1%+1.5pp | |
| Net margin | 7%+1.5pp | 6.9%+1.6pp | 5.9%+0.1pp | 5.8%+0.2pp | 5.6%+1.0pp | |
| EBITDA margin | 12.6%+1.7pp | 12.6%+2.2pp | 11.4%+0.5pp | 11.2%+0.4pp | 10.9%+1.4pp | |
| Returns | ||||||
| Return on equity | 22.2%+4.8pp | 22.1%+5.2pp | 18.1%+0.7pp | 17.6%+0.6pp | 17.4%+3.5pp | |
| Return on assets | 8.8%+1.6pp | 9%+2.0pp | 7.8%+0.2pp | 7.5%+0.1pp | 7.3%+1.4pp | |
| Return on invested capital | 13.8%+2.4pp | 13.7%+2.7pp | 13%+0.6pp | 11.5%-0.2pp | 11.4%+1.6pp | |
| Efficiency | ||||||
| Asset turnover | 1.3×0.0× | 1.3×0.0× | 1.3×0.0× | 1.3×0.0× | 1.3×0.0× | |
| Liquidity | ||||||
| Current ratio | 2.2×+0.4× | 2.3×+0.6× | 1.6×+0.2× | 2.3×+0.7× | 1.8×+0.3× | |
| Quick ratio | 2.2×+0.4× | 2.3×+0.6× | 1.6×+0.2× | 2.3×+0.7× | 1.8×+0.3× | |
| Cash ratio | 0.2×+0.1× | 0.2×+0.1× | 0.3×+0.1× | 0.1×-0.1× | 0.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1×0.0× | 1×+0.1× | 0.9×+0.2× | 1×+0.3× | 1×+0.2× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×+0.1× | 0.4×0.0× | |
| Net debt / EBITDA | 2.2×-0.4× | 2.3×-0.3× | 2×+0.1× | 2.8×+0.7× | 2.6×-0.1× | |
| Interest coverage | 6.6×+0.4× | 6.7×+0.8× | 6.3×+0.4× | 6.3×+0.6× | 6.2×+1.5× | |
| Per Share | ||||||
| Book value per share | $31.09+6.4% | $31.10+13.3% | $28.90-3.6% | $31.11+5.0% | $29.22+0.7% | |
| Valuation | ||||||
| Market capitalization | $3.5B-9.4% | $4.7B+5.2% | $5.15B-9.5% | $3.92B-25.6% | $3.86B-25.0% | |
| Enterprise value | $4.97B-7.5% | $6.23B+5.5% | $6.37B-6.1% | $5.64B-12.6% | $5.37B-16.6% | |
| Price / earnings | 9.4×-3.5× | 12.6×-3.1× | 16.1×-2.4× | 12.4×-5.5× | 12.9×-9.1× | |
| Price / sales | 0.7×-0.1× | 0.9×0.0× | 0.9×-0.1× | 0.7×-0.3× | 0.7×-0.3× | |
| Price / book | 2.1×-0.3× | 2.7×0.0× | 3.1×0.0× | 2.2×-0.7× | 2.3×-0.6× | |
| EV / EBITDA | 7.4×-1.8× | 9.2×-1.4× | 10.3×-1.4× | 9.3×-2.1× | 9.2×-4.1× | |
| EV / sales | 0.9×-0.1× | 1.2×+0.1× | 1.2×-0.1× | 1×-0.2× | 1×-0.3× | |
| Earnings yield | 10.7%+2.9pp | 7.9%+1.6pp | 6.2%+0.8pp | 8.1%+2.5pp | 7.8%+3.2pp | |
| Dividend yield | 1.9%+0.1pp | 1.4%-0.2pp | 1.3%+0.1pp | 1.8%+0.4pp | 1.8%+0.5pp | |
| PEG ratio | 0.4×-0.1× | 0.4×+0.1× | 4.1×+3.9× | 1.6×+1.3× | 0.5×-0.1× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Maximus's profit margins?
- Maximus (MMS) runs a 25.5% gross margin and a 11.0% operating margin, with a 7.0% net margin.
- Where do Maximus's ratios come from?
- Every ratio is computed from Maximus's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
