MAXIMUS, INC.
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MMS FY 2025 request
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/api/financials?ticker=MMS&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 5,431,276 | 5,306,197 | +2.4% |
Show Product Lines breakouts |
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| Clinical Services | 2,100,943 | 1,891,292 | +11.1% |
| Employment & Other | 354,835 | 469,304 | -24.4% |
| Program Operations | 2,650,764 | 2,570,494 | +3.1% |
| Technology Solutions | 324,734 | 375,107 | -13.4% |
Show Business Segments breakouts |
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| Outside the US · Operating Segments | 599,894 | 657,140 | -8.7% |
| U.S. Federal Services · Operating Segments | 3,067,691 | 2,737,244 | +12.1% |
| U.S. Services · Operating Segments | 1,763,691 | 1,911,813 | -7.7% |
Show Major Customers breakouts |
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| International government agencies | 590,798 | 642,222 | -8.0% |
| New York state government agencies | 610,755 | 647,349 | -5.7% |
| Other U.S. state government agencies | 1,153,928 | 1,255,181 | -8.1% |
| Other, including local municipalities and commercial customers | 79,974 | 87,431 | -8.5% |
| Total U.S. state government agencies | 1,764,683 | 1,902,530 | -7.2% |
| U.S. federal government agencies | 2,995,821 | 2,674,014 | +12.0% |
Show Change In Accounting Estimate By Type breakouts |
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| Change In Accounting Method Accounted For As Change In Estimate | 11,424 | -12,617 | +190.5% |
Show Contract With Customer Basis Of Pricing breakouts |
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| Cost-plus | 1,316,646 | 1,247,202 | +5.6% |
| Fixed Price Contract | 712,878 | 686,555 | +3.8% |
| Performance-based | 2,954,395 | 2,939,536 | +0.5% |
| Time And Materials Contract | 447,357 | 432,904 | +3.3% |
| Cost of Revenue | 4,097,833 | 4,054,545 | +1.1% |
Show Business Segments breakouts |
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| Outside the US · Operating Segments | 488,196 | 551,037 | -11.4% |
| U.S. Federal Services · Operating Segments | 2,256,928 | 2,071,482 | +9.0% |
| U.S. Services · Operating Segments | 1,352,709 | 1,432,026 | -5.5% |
| Gross Profit | 1,333,443 | 1,251,652 | +6.5% |
Show Business Segments breakouts |
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| Outside the US · Operating Segments | 111,698 | 106,103 | +5.3% |
| U.S. Federal Services · Operating Segments | 810,763 | 665,762 | +21.8% |
| U.S. Services · Operating Segments | 410,982 | 479,787 | -14.3% |
| Selling, General & Administrative | 713,107 | 671,583 | +6.2% |
| Amortization Of Intangible Assets | 92,047 | 91,570 | +0.5% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 92,047 | 91,570 | +0.5% |
| Operating Income | 528,289 | 488,499 | +8.1% |
| Interest Expense | 84,080 | 82,440 | +2.0% |
| Other Non-Operating Income (Expense) | -640 | -450 | -42.2% |
| Income Before Taxes | 444,849 | 406,509 | +9.4% |
| Income Tax Expense (Benefit) | 125,815 | 99,595 | +26.3% |
| Net Income | 319,034 | 306,914 | +3.9% |
Show Equity Components breakouts |
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| Retained Earnings | 319,034 | 306,914 | +3.9% |
| EPS (Basic) | 5.56 | 5.03 | +10.5% |
| EPS (Diluted) | 5.51 | 4.99 | +10.4% |
Show Change In Accounting Estimate By Type breakouts |
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| Change In Accounting Method Accounted For As Change In Estimate | 0.15 | -0.15 | +200.0% |
| Wtd Avg Shares (Basic) | 57,413 | 61,049 | -6.0% |
| Wtd Avg Shares (Diluted) | 57,921 | 61,484 | -5.8% |
| Common Stock Dividends Per Share Cash Paid | 1.2 | 1.2 | 0.0% |
| Comprehensive Income | 333,627 | 302,069 | +10.4% |
| Other Comprehensive Income | 14,593 | -4,845 | +401.2% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -3,926 | -16,104 | +75.6% |
| Accumulated Other Comprehensive Income | 14,593 | -4,845 | +401.2% |
| Accumulated Translation Adjustment | 18,519 | 11,259 | +64.5% |
| Depreciation And Amortization | 41,669 | 33,957 | +22.7% |
Show Business Segments breakouts |
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| Outside the US · Operating Segments | 7,228 | 7,375 | -2.0% |
| U.S. Federal Services · Operating Segments | 17,146 | 10,503 | +63.2% |
| U.S. Services · Operating Segments | 17,295 | 16,079 | +7.6% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 222,351 | 183,123 | +21.4% |
Show Income Tax Authority breakouts |
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| Foreign Country | 49.6 | — | — |
| Accounts Receivable | 898,095 | 879,514 | +2.1% |
| Prepaid Expenses & Other Current Assets | 128,574 | 132,625 | -3.1% |
| Total Current Assets | 1,252,924 | 1,200,544 | +4.4% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 30,972 | 38,977 | -20.5% |
| Operating Lease Right-of-Use Assets | 100,514 | 133,594 | -24.8% |
| Goodwill | 1,782,095 | 1,782,871 | -0.0% |
Show Business Segments breakouts |
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| Outside the US | 57,760 | 58,536 | -1.3% |
| U.S. Federal Services | 1,559,863 | 1,559,863 | 0.0% |
| U.S. Services | 164,472 | 164,472 | 0.0% |
| Intangible Assets | 538,266 | 630,569 | -14.6% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Assembled workforce | 14,318 | 16,859 | -15.1% |
| Customer contracts and relationships | 487,531 | 561,743 | -13.2% |
| VES Provider network | 36,417 | 41,167 | -11.5% |
| Assets Held In Trust Noncurrent | 63,272 | 55,913 | +13.2% |
| Deferred Tax Assets | 11,491 | 14,801 | -22.4% |
| Other Non-Current Assets | 12,513 | 27,130 | -53.9% |
| Total Assets | 4,069,639 | 4,131,508 | -1.5% |
| Other Assets | |||
| Income Tax Receivable | 3,904 | 5,282 | -26.1% |
| Capitalized Computer Software Net | 214,260 | 187,677 | +14.2% |
Show Property Plant And Equipment By Type breakouts |
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| Technology Equipment | 40.9 | — | — |
| Capitalized Contract Cost Net | 63,332 | 59,432 | +6.6% |
| Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current | 296,888 | 303,321 | -2.1% |
| Employee Related Liabilities Current | 236,948 | 237,121 | -0.1% |
| Deferred Revenue (Current) | 53,784 | 83,238 | -35.4% |
| Accrued Income Taxes Current | 17,321 | 26,535 | -34.7% |
| Current Portion of Long-Term Debt | 52,680 | 40,139 | +31.2% |
| Operating Lease Liability Current | 38,605 | 47,656 | -19.0% |
| Other Liabilities Current | 68,937 | 69,519 | -0.8% |
| Total Current Liabilities | 765,163 | 807,529 | -5.2% |
| Non-Current Liabilities | |||
| Contract With Customer Liability Noncurrent | 43,757 | 45,077 | -2.9% |
| Deferred Tax Liabilities | 149,020 | 169,118 | -11.9% |
| Long-Term Debt | 1,281,593 | 1,091,954 | +17.4% |
| Deferred Compensation Liability Classified Noncurrent | 62,145 | 57,599 | +7.9% |
| Operating Lease Liabilities | 71,289 | 97,221 | -26.7% |
| Other Non-Current Liabilities | 22,637 | 20,195 | +12.1% |
| Total Liabilities | 2,395,604 | 2,288,693 | +4.7% |
| Stockholders' Equity | |||
| Common Stock Value Outstanding | 628,118 | 598,304 | +5.0% |
| Accumulated Other Comprehensive Income | -17,867 | -32,460 | +45.0% |
| Retained Earnings | 1,063,784 | 1,276,971 | -16.7% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 1,674,035 | 1,842,815 | -9.2% |
| Total Liabilities & Equity | 4,069,639 | 4,131,508 | -1.5% |
| Total Stockholders' Equity | 1,674,035 | 1,842,815 | -9.2% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | 2,839 | 6,765 | -58.0% |
| Accumulated Other Comprehensive Income | -17,867 | -32,460 | +45.0% |
| Accumulated Translation Adjustment | -20,706 | -39,225 | +47.2% |
| Accumulated Translation Adjustment · CAD | 7.6 | — | — |
| Accumulated Translation Adjustment · GBP | 12.6 | — | — |
| Common Stock Including Additional Paid In Capital | 628,118 | 598,304 | +5.0% |
| Retained Earnings | 1,063,784 | 1,276,971 | -16.7% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation Of Fixed Assets And Amortization Of Capitalized Software | 41,669 | 33,957 | +22.7% |
| Amortization Of Financing Costs And Discounts | 2,782 | 3,534 | -21.3% |
| Deferred Income Taxes | -16,716 | -36,022 | +53.6% |
| Stock-Based Compensation | 41,182 | 35,349 | +16.5% |
| Gain Loss On Sale Of Business | 39,549 | 1,018 | +3785.0% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 39,549 | 1,018 | +3785.0% |
| Change in Accounts Receivable | -31,852 | -50,562 | +37.0% |
| Change in Prepaid & Other Assets | -13,804 | 10,565 | -230.7% |
| Increase Decrease In Deferred Charges | -2,117 | -13,155 | +83.9% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -7,492 | 18,267 | -141.0% |
| Increase Decrease In Employee Related Liabilities | 12,225 | 38,247 | -68.0% |
| Change in Deferred Revenue | -29,990 | 28,534 | -205.1% |
| Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable | -7,508 | 32,305 | -123.2% |
| Increase Decrease In Operating Lease Right Of Use Assets And Liabilities | -1,937 | -1,906 | -1.6% |
| Increase Decrease In Other Operating Capital Net | -7,700 | 16,643 | -146.3% |
| Net Cash from Operations | 429,372 | 515,258 | -16.7% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -63,213 | -114,190 | +44.6% |
| Proceeds From Divestiture Of Businesses | 5,117 | 3,085 | +65.9% |
| Other Investing Activities | -2,165 | — | — |
| Net Cash from Investing | -60,261 | -129,104 | +53.3% |
| Financing Activities | |||
| Payments Of Ordinary Dividends | -68,710 | -72,901 | +5.7% |
| Share Repurchases | -447,482 | -73,069 | -512.4% |
| Tax Withholding for Share Compensation | -16,451 | -13,455 | -22.3% |
| Payments Of Financing Costs | -1,658 | -9,724 | +82.9% |
| Proceeds From Issuance Of Debt | 1,499,000 | 1,100,166 | +36.3% |
| Debt Repayments | -1,297,639 | -1,212,202 | -7.0% |
| Proceeds From Payments For Other Financing Activities | -10,937 | 16,516 | -166.2% |
| Net Cash from Financing | -343,877 | -275,646 | -24.8% |
| Supplemental | |||
| Income Taxes Paid | 149,937 | 99,686 | +50.4% |
| Interest Paid | 82,562 | 78,955 | +4.6% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -538 | 3,164 | -117.0% |
| Net Change in Cash | 24,696 | 113,672 | -78.3% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 260,459 | 235,763 | +10.5% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.