MMSMAXIMUS, INC.
Services-Business Services, NEC
- Revenue
- $5.4B
- 2.4% YoY
- Operating margin
- 9.7%
- 5.7% YoY
- EBITDA
- $570M
- 9.1% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.8×
- $1.6B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear135% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired107% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired41% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.3B | $4.6B | $4.9B | $5.3B | $5.4B | 2.4% |
| Operating income | $409M | $326M | $295M | $488M | $528M | 8.1% |
| Net income | $291M | $204M | $162M | $307M | $319M | 3.9% |
| Operating cash flow | $517M | $290M | $314M | $515M | $429M | 17% |
| Capex | $37M | $56M | $91M | $114M | $63M | 45% |
| Stock-based comp | $29M | $30M | $30M | $35M | $41M | 17% |
| Buybacks | $3M | $96M | $0 | $73M | $447M | 512% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.