Stocks · Industrials · Specialty Business Services
Maximus, Inc. MMS
$52.65 -1.64% Close, Oct 2, 2026 · NYSE · Market cap $2.77B
Weak trendInexpensive vs sector
Next earnings report: Nov 19, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 7.8× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- The diluted share count fell 6.9% in a year, mainly through buybacks.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 14%
- EPS growth (TTM, YoY)Top 34%
- Revenue growth, 3-year CAGRTop 47%
- Revenue growth accelerationBottom 19%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 21%
- Gross marginBottom 39%
- Operating marginTop 35%
- Cash conversion (OCF / net income)Bottom 35%
- Accruals (lower is better)Bottom 31%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 35%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 2%
- Free-cash-flow yieldTop 3%
- EBITDA / enterprise valueTop 4%
- Sales / enterprise valueTop 18%
- P/E vs own 5-year history (lower is better)Top 6%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 11%
- 6-month returnBottom 24%
- 1-year return vs S&P 500Bottom 10%
- Distance from 52-week highBottom 21%
- Trend checklist (0–4)Bottom 15%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 37%
- Consecutive EPS beatsTop 34%
- Share of analysts rating BuyBottom 37%
- Upside to consensus price targetTop 11%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 37%
- Maximum drawdown, 3 yearsTop 43%
- Beta vs S&P 500 (lower is better)Top 5%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.4% | -3.3% | ↓ |
| EPS growth (YoY) | 32.8% | 24.7% | ↓ |
| Gross margin | 22.3% | 24.4% | ↑ |
| Operating margin | 10.3% | 10.9% | ↑ |
| FCF margin | -2.6% | 8.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -3.3% | -1.4% | ↓ | Bottom 14% |
| EPS growth (TTM, YoY) | 24.7% | 32.8% | ↓ | Top 34% |
| Gross margin | 24.4% | 22.3% | ↑ | Bottom 39% |
| Operating margin | 10.9% | 10.3% | ↑ | Top 35% |
| Net margin | 7.1% | 5.8% | ↑ | — |
| Free-cash-flow margin | 8.3% | -2.6% | ↑ | — |
| Return on invested capital | 11.3% | — | Top 21% | |
| Revenue growth, 3-year CAGR | 5.5% | — | Top 47% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.27×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +2.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.29×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 6.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.47%
- Net buyback yield (TTM)
- 12.51%
- Shareholder yield
- 14.97%
- Share count change, 1 year
- -6.9%
- Share count change, 3-year CAGR
- -4.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +0.6%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $110.00
- Target vs current price
- +108.9%
- Analysts with a rating
- 16
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +0.5% | -7.6% | -13.8% | -8.8% | — |
| May 7, 2026 | +4.5% | +4.2% | -7.1% | -5.4% | -2.7% |
| Feb 5, 2026 | +0.5% | -16.5% | -19.1% | -15.9% | -30.0% |
| Nov 20, 2025 | -3.0% | +5.5% | +10.9% | +12.2% | -3.2% |
| Aug 7, 2025 | +55.4% | +4.6% | +14.4% | +18.2% | +11.5% |
| May 8, 2025 | +46.7% | +12.8% | +11.7% | +4.3% | +11.5% |
| Feb 6, 2025 | +15.8% | -7.7% | -11.4% | -10.3% | -11.8% |
| Nov 20, 2024 | -2.0% | +0.9% | -8.7% | -12.2% | -14.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $2.22 | $2.21 | +0.5% | $1.28B |
| May 7, 2026 | $2.07 | $1.98 | +4.5% | $1.31B |
| Feb 5, 2026 | $1.85 | $1.84 | +0.5% | $1.35B |
| Nov 20, 2025 | $1.62 | $1.67 | -3.0% | $1.32B |
| Aug 7, 2025 | $2.16 | $1.39 | +55.4% | $1.35B |
| May 8, 2025 | $2.01 | $1.37 | +46.7% | $1.36B |
| Feb 6, 2025 | $1.61 | $1.39 | +15.8% | $1.40B |
| Nov 20, 2024 | $1.46 | $1.49 | -2.0% | $1.32B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 7.8× | 17.2× | 0th | Top 2% |
| P/E (forward) | 6.6× | — | — | — |
| EV / EBITDA | 6.1× | — | — | Top 4% |
| EV / Sales | 0.85× | — | — | Top 18% |
| Free-cash-flow yield | 15.66% | — | — | Top 3% |
| Earnings yield | 12.86% | — | — | Top 2% |
P/E over the past five years
Range 8.6× – 31.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -42.1%
- Earnings per share growth (TTM)
- +24.7%
- Change in P/E multiple
- -40.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -0.9%
- 200-day average slope (20 days)
- -4.1%
- Distance from 50-day average
- -8.2%
- Distance from 200-day average
- -22.3%
- RSI (14)
- 36.1
- Relative volume
- 0.82×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 36.4%
- Volatility vs own 5-year history
- 88th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.34
- Correlation with S&P 500
- 0.15
- Current drawdown from 1-year high
- -46.8%
- Maximum drawdown, 3 years
- -47.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 22, 2026 | Sep 28, 2026 | -47.3% | 171 days | Not yet recovered |
| Apr 19, 2021 | Oct 12, 2022 | -41.7% | 375 days | 813 days (Jan 9, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.77B
- P/E (TTM)
- 7.8
- EPS, diluted (TTM)
- $6.77
- Revenue (TTM)
- $5.25B
- Dividend yield
- 2.45%
- 52-week range
- $51.04 – $100.00
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $4.25B | $4.63B | $4.90B | $5.31B | $5.43B |
| Gross profit | $902.6M | $849.3M | $934.0M | $1.16B | $1.25B |
| Operating income | $419.4M | $311.8M | $295.4M | $491.7M | $576.8M |
| Net income | $291.2M | $203.8M | $161.8M | $306.9M | $319.0M |
| EPS (diluted) | $4.67 | $3.29 | $2.63 | $4.99 | $5.51 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.40B | $1.36B | $1.35B | $1.32B | $1.35B | $1.31B | $1.28B |
| Net income | $72.5M | $41.2M | $96.6M | $106.0M | $75.3M | $93.9M | $98.1M | $103.6M |
| EPS (diluted) | $1.19 | $0.69 | $1.69 | $1.86 | $1.32 | $1.70 | $1.80 | $1.95 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $517.3M | $289.8M | $314.3M | $515.3M | $429.4M |
| Capital expenditure | -$36.6M | -$56.1M | -$90.7M | -$114.2M | -$63.2M |
| Free cash flow | $480.8M | $233.7M | $223.6M | $401.1M | $366.2M |
| Dividends paid | -$68.8M | -$68.7M | -$68.1M | -$72.9M | -$68.7M |
| Net share buybacks | -$3.4M | -$96.1M | -$8.5M | -$73.1M | -$447.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $57.0M
- Total assets
- $4.37B
- Total liabilities
- $2.63B
- Total debt
- $1.73B
- Net debt
- $1.67B
- Shareholders’ equity
- $1.74B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 14, 2026 | $0.33 | Aug 31, 2026 |
| May 15, 2026 | $0.33 | Jun 1, 2026 |
| Feb 13, 2026 | $0.33 | Mar 2, 2026 |
| Nov 14, 2025 | $0.30 | Dec 1, 2025 |
| Aug 15, 2025 | $0.30 | Aug 31, 2025 |
| May 15, 2025 | $0.30 | May 31, 2025 |
| Feb 14, 2025 | $0.30 | Feb 28, 2025 |
| Nov 15, 2024 | $0.30 | Nov 30, 2024 |
Short interest
- Shares sold short
- 3,304,066
- Days to cover
- 5.76
- Change vs previous report
- +2.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 1, 2013
- 2-for-1
- Jul 1, 2011
- 2-for-1