MMS

Maximus, Inc.

Fundamental data last updated:October 24, 2026

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company profile

SECTOR

Industrials

industry

Specialty Business Services

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Maximus, Inc. provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S. state and local government programs, including the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, child support programs, Preadmission Screening and Resident Reviews, and Independent Developmental Disability assessments. This segment also provides program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; person-centered independent disability, long-term sick, and other health assessments; and specialized consulting services. The U.S. Federal Services segment offers centralized citizen engagement centers and support services; document and record management; case management, citizen support, and consumer education; independent medical reviews and worker's compensation benefit appeals; Medicare and Medicaid appeals; and federal marketplace eligibility appeals. This segment also provides modernization of systems and information technology infrastructure; infrastructure operations and support services; software development, operations, and management services; and data analytics services. The Outside the U.S. segment offers BPS solutions for governments and commercial clients outside the United States, including health and disability assessments, program administration for employment services, and other job seeker-related services. The company was incorporated in 1975 and is headquartered in Tysons, Virginia.

 


VALUATION

P/E

9.19

Market Cap ($M USD)

$3.30B

Forward P/E

6.93

PEG

0.21

PRICE TO SALES

0.62

PRICE TO BOOK

2.02

EV / EBITDA

6.53

5-Year Average P/E

Free Cash Flow Yield

11.26%

DCF Value

$185.74

Graham Number

$69.21

Price to FCF

8.88

EV to FCF

12.60

Earnings Yield

10.88%

FCF Yield

11.26%

DIVIDEND

Yield

2.00%

Annual Payout

$1.26

Payout Ratio

18.19%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$6.84

Next Year EPS Growth Estimate

$9.07

Next Year Revenue Growth Estimate

$5.55B

Return on Equity (ROE)

21.75%

FREE CASH FLOW

Operating Margin

10.81%

Debt-to-Equity

0.86

Piotroski F-Score

7

Altman Z-Score

3.08

Return on Invested Capital (ROIC)

16.16%

Current Ratio

2.21

Quick Ratio

2.21

Net Debt to EBITDA

1.93

Interest Coverage

6.53

Gross Profit margin

23.83%

FCF PER SHARE

$6.82

REVENUE PER SHARE

$97.49

Gainseekers Quantitative Analysis

Summary

Maximus, Inc. appears to be a compelling deep value play. Recent pricing indicated the stock traded significantly below its DCF value, suggesting a potential mispricing by the market. With a Forward P/E of 7.16 and an Earnings Yield of 10.65%, the company offers a robust earnings profile. The Altman Z-score of 3.13 underscores its financial stability, suggesting a low risk of distress. This combination of undervaluation and financial health makes it an attractive candidate for value investors.

AI Exposure / Tech Reliance

Operating in the Specialty Business Services industry, Maximus is well-positioned to leverage AI and tech advancements. Its sector's inherent need for efficiency and data management aligns with AI-driven solutions. This adaptability could enhance its service offerings and operational efficiency.

The Bull Case

For the discerning GARP investor, Maximus shines with a Return on Invested Capital of 16.16%, indicating strong capital efficiency. The Piotroski F-Score of 8 highlights its solid financial health, while a Free Cash Flow Yield of 11.02% suggests robust cash generation. These metrics, combined with a healthy operating margin of 10.81%, paint a picture of a company with significant pricing power and operational prowess.

The Bear Case

Despite its strengths, Maximus is not without risks. The Price/Book ratio of 2.07 and Price/Sales ratio of 0.63 suggest it may not be the cheapest on a relative basis. Additionally, trading close to its 52-week low could indicate market skepticism about its growth prospects. While its debt levels are manageable, the stock's technical position near the lower end of its range could deter momentum-focused investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$110.00

Institutional Ownership %

1-Year Beta

0.60

Insider Buying % (6 Mo)

Distance to 52-Week High

59.03%

Distance to 52-Week Low

9.48%

EARNINGS SURPRISE %

4.55%

50-DAY SMA

$64.79

200-DAY SMA

$80.27

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.