Maximus, Inc. (MMS) — Financial statements
Income statement, balance sheet, and cash flow for Maximus, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,431↑2.4% | 5,306↑8.2% | 4,905↑5.9% | 4,631↑8.9% | 4,254 | |
| Cost of Revenue | 4,190↑1.1% | 4,146↑4.4% | 3,971↑5.0% | 3,782↑12.8% | 3,352 | |
| Gross Profit | 1,250↑7.7% | 1,160↑24.2% | 934↑10.0% | 849↓5.9% | 903 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 673↑0.7% | 668↑4.7% | 639↑18.8% | 538↑11.2% | 483 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 673↑0.7% | 668↑4.7% | 639↑18.8% | 538↑11.2% | 483 | |
| Total Costs & Expenses | 4,855↑0.8% | 4,814↑4.5% | 4,609↑6.7% | 4,319↑12.6% | 3,835 | |
| Operating Results | ||||||
| Operating Income | 577↑17.3% | 492↑66.5% | 295↓5.3% | 312↓25.7% | 419 | |
| Depreciation & Amortization | 146↑7.8% | 135↓16.5% | 162↑14.3% | 142↑35.8% | 104 | |
| EBITDA | 675↑8.1% | 624↑36.8% | 456↓1.8% | 465↓7.6% | 503 | |
| EBIT | 529↑8.2% | 489↑66.1% | 294↓8.9% | 323↓18.9% | 398 | |
| Interest & Other Income | ||||||
| Net Interest Income | -84↓2.0% | -82↑2.0% | -84↓83.0% | -46↓211.8% | -15 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 84↑2.0% | 82↓2.0% | 84↑83.0% | 46↑211.8% | 15 | |
| Non-Operating Income | 48↑1627.7% | 3↑195.1% | 0.94↑108.3% | -11↓153.9% | 21 | |
| Other Income / Expenses | -132↓54.8% | -85↓0.2% | -85↓145.3% | -35↑2.8% | -36 | |
| Income Before Tax | 445↑9.4% | 407↑93.3% | 210↓24.1% | 277↓27.8% | 384 | |
| Income Tax Expense | 126↑26.3% | 100↑105.3% | 49↓33.8% | 73↓20.8% | 92 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 319↑3.9% | 307↑89.7% | 162↓20.6% | 204↓30.0% | 291 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 319↑3.9% | 307↑89.7% | 162↓20.6% | 204↓30.0% | 291 | |
| Bottom-Line Net Income | 319↑3.9% | 307↑89.7% | 162↓20.6% | 204↓30.0% | 291 | |
| EPS (Basic) | 5.56↑10.5% | 5.03↑89.8% | 2.65↓19.7% | 3.30↓29.6% | 4.69 | |
| EPS (Diluted) | 5.51↑10.4% | 4.99↑89.7% | 2.63↓20.1% | 3.29↓29.6% | 4.67 | |
| Weighted Average Shares | 57↓6.0% | 61↓0.1% | 61↓1.1% | 62↓0.5% | 62 | |
| Weighted Average Diluted Shares | 58↓5.8% | 61↑0.1% | 61↓0.8% | 62↓0.6% | 62 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.