Revenue
1.28 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 1278971000 USD Source
Fundies. English
MAXIMUS, INC.
EDGARAnnual consolidated revenue for 2025: about USD 5.431B, using the latest reported figures. The previous period, 2024, was about USD 5.306B.
Latest quarter
Operating margin
12.62%
2026 Q3 · %
Operating cash flow
-125 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 57 million USD Source
Exact value
56953000 USD
- Long-term debt including current maturities
- 1.48 billion USD Source
Exact value
1482974000 USD
- Shares outstanding
- 52.4 million shares Source
Exact value
52358000 shares
Reported share-count change
-7.08% · -3.99 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
5.25 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Net income
371 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
470 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 429372000 USD · 2024-10-01 – 2025-09-30 Source
- Operating cash flow: -220000000 USD · 2024-10-01 – 2025-06-30 Source
- Operating cash flow: -244402000 USD · 2025-10-01 – 2025-12-31 Source
- Operating cash flow: -54876000 USD · 2025-10-01 – 2026-03-31 Source
- Operating cash flow: -244402000 USD · 2025-10-01 – 2025-12-31 Source
- Operating cash flow: -179863000 USD · 2025-10-01 – 2026-06-30 Source
- Operating cash flow: -54876000 USD · 2025-10-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-20.
Financial data available through: 2025-09-30.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-09-30
- Operating income: 11 of 11 periods available· newest 2025-09-30
- Net income: 11 of 11 periods available· newest 2025-09-30
- Operating cash flow: 11 of 11 periods available· newest 2025-09-30
- Capital expenditure: 1 of 11 periods available· newest 2015-09-30
- Total assets: 11 of 11 periods available· newest 2025-09-30
- Total liabilities: 11 of 11 periods available· newest 2025-09-30
- Current assets: 11 of 11 periods available· newest 2025-09-30
- Current liabilities: 11 of 11 periods available· newest 2025-09-30
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-09-30
- Long-term debt including current maturities: 4 of 11 periods available· newest 2021-09-30
- Shares outstanding: 11 of 11 periods available· newest 2025-09-30
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+2.4%Prior period
USD 5.31 billion
–
Current period
USD 5.43 billion
–
Exact inputs and evidence
5431276000 − 5306197000 = 125079000 USD
5306197000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source5431276000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+3.9%Prior period
USD 306.91 million
–
Current period
USD 319.03 million
–
Exact inputs and evidence
319034000 − 306914000 = 12120000 USD
306914000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source319034000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-16.7%Prior period
USD 515.26 million
–
Current period
USD 429.37 million
–
Exact inputs and evidence
429372000 − 515258000 = -85886000 USD
515258000 USD · 2023-10-01 – 2024-09-30
Inspect prior input Prior source429372000 USD · 2024-10-01 – 2025-09-30
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2024-10-01 – 2025-09-30
- Revenue USD 5.43 billion 100% of revenue
- Operating costs Derived USD 4.9 billion 90% of revenue
- Operating income USD 528.29 million 9.7% of revenue
- Tax, interest and other Derived USD 209.26 million 3.9% of revenue
- Net income USD 319.03 million 5.9% of revenue
Cash
- Operating cash flow USD 429.37 million 7.9% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 88%
- 2017 87%
- 2018 9.2%88%
- 2019 89%
- 2020 92%
- 2021 90%
- 2022 93%
- 2023 94%
- 2024 91%
- 2025 90%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2015-10-01 – 2016-09-30 | 2403360000 | 2116757000 Derived | 286603000 | 108241000 Derived | 178362000 | Unavailable | Source
|
| 2017 2016-10-01 – 2017-09-30 | 2450961000 | 2137449000 Derived | 313512000 | 104086000 Derived | 209426000 | Unavailable | Source
|
| 2018 2017-10-01 – 2018-09-30 | 2392236000 | 2096753000 Derived | 295483000 | 74732000 Derived | 220751000 | Unavailable | Source
|
| 2019 2018-10-01 – 2019-09-30 | 2886815000 | 2569708000 Derived | 317107000 | 76283000 Derived | 240824000 | Unavailable | Source
|
| 2020 2019-10-01 – 2020-09-30 | 3461537000 | 3173259000 Derived | 288278000 | 73769000 Derived | 214509000 | Unavailable | Source
|
| 2021 2020-10-01 – 2021-09-30 | 4254485000 | 3845955000 Derived | 408530000 | 117330000 Derived | 291200000 | Unavailable | Source
|
| 2022 2021-10-01 – 2022-09-30 | 4631018000 | 4305120000 Derived | 325898000 | 122070000 Derived | 203828000 | Unavailable | Source
|
| 2023 2022-10-01 – 2023-09-30 | 4904728000 | 4609934000 Derived | 294794000 | 133002000 Derived | 161792000 | Unavailable | Source
|
| 2024 2023-10-01 – 2024-09-30 | 5306197000 | 4817698000 Derived | 488499000 | 181585000 Derived | 306914000 | Unavailable | Source
|
| 2025 2024-10-01 – 2025-09-30 | 5431276000 | 4902987000 Derived | 528289000 | 209255000 Derived | 319034000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 5.4B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 2403360000 |
|
| 2017 | Revenue | 2450961000 |
|
| 2018 | Revenue | 2392236000 |
|
| 2019 | Revenue | 2886815000 |
|
| 2020 | Revenue | 3461537000 |
|
| 2021 | Revenue | 4254485000 |
|
| 2022 | Revenue | 4631018000 |
|
| 2023 | Revenue | 4904728000 |
|
| 2024 | Revenue | 5306197000 |
|
| 2025 | Revenue | 5431276000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
2.4% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 14.5% |
|
| 2017 | Year over year | 2% |
|
| 2018 | Year over year | -2.4% |
|
| 2019 | Year over year | 20.7% |
|
| 2020 | Year over year | 19.9% |
|
| 2021 | Year over year | 22.9% |
|
| 2022 | Year over year | 8.9% |
|
| 2023 | Year over year | 5.9% |
|
| 2024 | Year over year | 8.2% |
|
| 2025 | Year over year | 2.4% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 9.7% 2025
Net margin 5.9% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 11.9% |
|
| 2017 | Operating margin | 12.8% |
|
| 2018 | Operating margin | 12.4% |
|
| 2019 | Operating margin | 11% |
|
| 2020 | Operating margin | 8.3% |
|
| 2021 | Operating margin | 9.6% |
|
| 2022 | Operating margin | 7% |
|
| 2023 | Operating margin | 6% |
|
| 2024 | Operating margin | 9.2% |
|
| 2025 | Operating margin | 9.7% |
|
| 2016 | Net margin | 7.4% |
|
| 2017 | Net margin | 8.5% |
|
| 2018 | Net margin | 9.2% |
|
| 2019 | Net margin | 8.3% |
|
| 2020 | Net margin | 6.2% |
|
| 2021 | Net margin | 6.8% |
|
| 2022 | Net margin | 4.4% |
|
| 2023 | Net margin | 3.3% |
|
| 2024 | Net margin | 5.8% |
|
| 2025 | Net margin | 5.9% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 429.4M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 180026000 |
|
| 2017 | Operating cash flow | 336424000 |
|
| 2018 | Operating cash flow | 316774000 |
|
| 2019 | Operating cash flow | 356727000 |
|
| 2020 | Operating cash flow | 244592000 |
|
| 2021 | Operating cash flow | 517322000 |
|
| 2022 | Operating cash flow | 289839000 |
|
| 2023 | Operating cash flow | 314340000 |
|
| 2024 | Operating cash flow | 515258000 |
|
| 2025 | Operating cash flow | 429372000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
58.9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 44.2% |
|
| 2017 | Liabilities / assets | 30% |
|
| 2018 | Liabilities / assets | 25.7% |
|
| 2019 | Liabilities / assets | 28.5% |
|
| 2020 | Liabilities / assets | 38.7% |
|
| 2021 | Liabilities / assets | 64.1% |
|
| 2022 | Liabilities / assets | 61.2% |
|
| 2023 | Liabilities / assets | 58.2% |
|
| 2024 | Liabilities / assets | 55.4% |
|
| 2025 | Liabilities / assets | 58.9% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.64× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.82× |
|
| 2017 | Current assets / current liabilities | 2.08× |
|
| 2018 | Current assets / current liabilities | 2.91× |
|
| 2019 | Current assets / current liabilities | 2.17× |
|
| 2020 | Current assets / current liabilities | 1.66× |
|
| 2021 | Current assets / current liabilities | 1.37× |
|
| 2022 | Current assets / current liabilities | 1.33× |
|
| 2023 | Current assets / current liabilities | 1.46× |
|
| 2024 | Current assets / current liabilities | 1.49× |
|
| 2025 | Current assets / current liabilities | 1.64× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2015-10-01 – 2016-09-30 | USD 178.36 million Exact valueExact value: 178362000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 180.03 million Exact valueExact value: 180026000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2016-10-01 – 2017-09-30 | USD 209.43 million Exact valueExact value: 209426000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 336.42 million Exact valueExact value: 336424000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2017-10-01 – 2018-09-30 | USD 220.75 million Exact valueExact value: 220751000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 316.77 million Exact valueExact value: 316774000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2018-10-01 – 2019-09-30 | USD 240.82 million Exact valueExact value: 240824000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 356.73 million Exact valueExact value: 356727000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2019-10-01 – 2020-09-30 | USD 214.51 million Exact valueExact value: 214509000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 244.59 million Exact valueExact value: 244592000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2020-10-01 – 2021-09-30 | USD 291.2 million Exact valueExact value: 291200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 517.32 million Exact valueExact value: 517322000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2021-10-01 – 2022-09-30 | USD 203.83 million Exact valueExact value: 203828000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 289.84 million Exact valueExact value: 289839000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2022-10-01 – 2023-09-30 | USD 161.79 million Exact valueExact value: 161792000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 314.34 million Exact valueExact value: 314340000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2023-10-01 – 2024-09-30 | USD 306.91 million Exact valueExact value: 306914000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 515.26 million Exact valueExact value: 515258000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2024-10-01 – 2025-09-30 | USD 319.03 million Exact valueExact value: 319034000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 429.37 million Exact valueExact value: 429372000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
277 filings · 10,353 latest values · 10,353 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001032220, 1032220, MMS, edgar:1032220
Also known as MAXIMUS INC, MAXIMUS, INC., MAXIMUS, INC, MAXIMUS, INC., Maximus, Inc., Maximus, Inc.