MAXIMUS INC (MMS) Fundamental Analysis & Valuation

NYSE:MMS • US5779331041

Current stock price

62.38 USD
-0.18 (-0.29%)
At close:
62.38 USD
0 (0%)
After Hours:

This MMS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MMS Profitability Analysis

1.1 Basic Checks

  • In the past year MMS was profitable.
  • MMS had a positive operating cash flow in the past year.
  • MMS had positive earnings in each of the past 5 years.
  • MMS had a positive operating cash flow in each of the past 5 years.
MMS Yearly Net Income VS EBIT VS OCF VS FCFMMS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

1.2 Ratios

  • MMS has a better Return On Assets (8.83%) than 81.82% of its industry peers.
  • MMS has a better Return On Equity (21.62%) than 84.09% of its industry peers.
  • With an excellent Return On Invested Capital value of 12.02%, MMS belongs to the best of the industry, outperforming 82.95% of the companies in the same industry.
  • MMS had an Average Return On Invested Capital over the past 3 years of 10.34%. This is in line with the industry average of 11.07%.
  • The last Return On Invested Capital (12.02%) for MMS is above the 3 year average (10.34%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.83%
ROE 21.62%
ROIC 12.02%
ROA(3y)6.44%
ROA(5y)6.3%
ROE(3y)15.14%
ROE(5y)15.65%
ROIC(3y)10.34%
ROIC(5y)9.45%
MMS Yearly ROA, ROE, ROICMMS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 6.92%, MMS is doing good in the industry, outperforming 64.77% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MMS has remained more or less at the same level.
  • With a decent Operating Margin value of 10.94%, MMS is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MMS has grown nicely.
  • MMS's Gross Margin of 25.13% is on the low side compared to the rest of the industry. MMS is outperformed by 65.91% of its industry peers.
  • In the last couple of years the Gross Margin of MMS has grown nicely.
Industry RankSector Rank
OM 10.94%
PM (TTM) 6.92%
GM 25.13%
OM growth 3Y15.62%
OM growth 5Y4.76%
PM growth 3Y10.1%
PM growth 5Y-1.06%
GM growth 3Y6.55%
GM growth 5Y3.63%
MMS Yearly Profit, Operating, Gross MarginsMMS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

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6

2. MMS Health Analysis

2.1 Basic Checks

  • MMS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for MMS has been reduced compared to 1 year ago.
  • Compared to 5 years ago, MMS has less shares outstanding
  • MMS has a worse debt/assets ratio than last year.
MMS Yearly Shares OutstandingMMS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MMS Yearly Total Debt VS Total AssetsMMS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • MMS has an Altman-Z score of 3.16. This indicates that MMS is financially healthy and has little risk of bankruptcy at the moment.
  • With a Altman-Z score value of 3.16, MMS perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
  • MMS has a debt to FCF ratio of 7.17. This is a slightly negative value and a sign of low solvency as MMS would need 7.17 years to pay back of all of its debts.
  • MMS has a Debt to FCF ratio (7.17) which is in line with its industry peers.
  • MMS has a Debt/Equity ratio of 0.88. This is a neutral value indicating MMS is somewhat dependend on debt financing.
  • MMS's Debt to Equity ratio of 0.88 is on the low side compared to the rest of the industry. MMS is outperformed by 60.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 7.17
Altman-Z 3.16
ROIC/WACC1.19
WACC10.14%
MMS Yearly LT Debt VS Equity VS FCFMMS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 2.34 indicates that MMS has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.34, MMS is in the better half of the industry, outperforming 64.77% of the companies in the same industry.
  • A Quick Ratio of 2.34 indicates that MMS has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.34, MMS is doing good in the industry, outperforming 65.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.34
Quick Ratio 2.34
MMS Yearly Current Assets VS Current LiabilitesMMS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. MMS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 64.30% over the past year.
  • Measured over the past years, MMS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.77% on average per year.
  • MMS shows a decrease in Revenue. In the last year, the revenue decreased by -0.15%.
  • The Revenue has been growing by 9.43% on average over the past years. This is quite good.
EPS 1Y (TTM)64.3%
EPS 3Y25.35%
EPS 5Y13.77%
EPS Q2Q%168.12%
Revenue 1Y (TTM)-0.15%
Revenue growth 3Y5.46%
Revenue growth 5Y9.43%
Sales Q2Q%-4.11%

3.2 Future

  • Based on estimates for the next years, MMS will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.19% on average per year.
  • Based on estimates for the next years, MMS will show a small growth in Revenue. The Revenue will grow by 2.05% on average per year.
EPS Next Y32.72%
EPS Next 2Y19.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.96%
Revenue Next 2Y2.05%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MMS Yearly Revenue VS EstimatesMMS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B 5B
MMS Yearly EPS VS EstimatesMMS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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9

4. MMS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.16, the valuation of MMS can be described as reasonable.
  • MMS's Price/Earnings ratio is rather cheap when compared to the industry. MMS is cheaper than 89.77% of the companies in the same industry.
  • MMS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.60.
  • Based on the Price/Forward Earnings ratio of 6.78, the valuation of MMS can be described as very cheap.
  • 89.77% of the companies in the same industry are more expensive than MMS, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, MMS is valued rather cheaply.
Industry RankSector Rank
PE 8.16
Fwd PE 6.78
MMS Price Earnings VS Forward Price EarningsMMS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMS indicates a rather cheap valuation: MMS is cheaper than 86.36% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, MMS is valued a bit cheaper than the industry average as 67.05% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 15.57
EV/EBITDA 6.68
MMS Per share dataMMS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of MMS may justify a higher PE ratio.
  • A more expensive valuation may be justified as MMS's earnings are expected to grow with 19.19% in the coming years.
PEG (NY)0.25
PEG (5Y)0.59
EPS Next 2Y19.19%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. MMS Dividend Analysis

5.1 Amount

  • MMS has a Yearly Dividend Yield of 2.00%. Purely for dividend investing, there may be better candidates out there.
  • In the last 3 months the price of MMS has falen by -27.86%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • MMS's Dividend Yield is rather good when compared to the industry average which is at 1.22. MMS pays more dividend than 85.23% of the companies in the same industry.
  • MMS's Dividend Yield is comparable with the S&P500 average which is at 1.88.
Industry RankSector Rank
Dividend Yield 2%

5.2 History

  • The dividend of MMS has a limited annual growth rate of 1.30%.
  • MMS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MMS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.3%
Div Incr Years2
Div Non Decr Years19
MMS Yearly Dividends per shareMMS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 18.02% of the earnings are spent on dividend by MMS. This is a low number and sustainable payout ratio.
  • MMS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP18.02%
EPS Next 2Y19.19%
EPS Next 3YN/A
MMS Yearly Income VS Free CF VS DividendMMS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
MMS Dividend Payout.MMS Dividend Payout, showing the Payout Ratio.MMS Dividend Payout.PayoutRetained Earnings

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MMS Fundamentals: All Metrics, Ratios and Statistics

MAXIMUS INC

NYSE:MMS (4/2/2026, 8:04:00 PM)

After market: 62.38 0 (0%)

62.38

-0.18 (-0.29%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners109.77%
Inst Owner Change-0.23%
Ins Owners0.93%
Ins Owner Change-0.8%
Market Cap3.40B
Revenue(TTM)5.37B
Net Income(TTM)371.78M
Analysts80
Price Target112.2 (79.87%)
Short Float %5.98%
Short Ratio4.3
Dividend
Industry RankSector Rank
Dividend Yield 2%
Yearly Dividend1.19
Dividend Growth(5Y)1.3%
DP18.02%
Div Incr Years2
Div Non Decr Years19
Ex-Date02-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.66%
Min EPS beat(2)-3.95%
Max EPS beat(2)0.64%
EPS beat(4)3
Avg EPS beat(4)23.01%
Min EPS beat(4)-3.95%
Max EPS beat(4)51.14%
EPS beat(8)5
Avg EPS beat(8)8.74%
EPS beat(12)6
Avg EPS beat(12)1.44%
EPS beat(16)8
Avg EPS beat(16)2.8%
Revenue beat(2)0
Avg Revenue beat(2)-2.93%
Min Revenue beat(2)-3.16%
Max Revenue beat(2)-2.7%
Revenue beat(4)2
Avg Revenue beat(4)0.47%
Min Revenue beat(4)-3.16%
Max Revenue beat(4)4.19%
Revenue beat(8)5
Avg Revenue beat(8)1.86%
Revenue beat(12)6
Avg Revenue beat(12)1.03%
Revenue beat(16)10
Avg Revenue beat(16)2.14%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.99%
EPS NY rev (1m)4.22%
EPS NY rev (3m)4.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.25%
Valuation
Industry RankSector Rank
PE 8.16
Fwd PE 6.78
P/S 0.63
P/FCF 15.57
P/OCF 12.84
P/B 1.98
P/tB N/A
EV/EBITDA 6.68
EPS(TTM)7.64
EY12.25%
EPS(NY)9.21
Fwd EY14.76%
FCF(TTM)4.01
FCFY6.42%
OCF(TTM)4.86
OCFY7.79%
SpS98.51
BVpS31.53
TBVpS-14.48
PEG (NY)0.25
PEG (5Y)0.59
Graham Number73.62
Profitability
Industry RankSector Rank
ROA 8.83%
ROE 21.62%
ROCE 16.32%
ROIC 12.02%
ROICexc 12.49%
ROICexgc 45.39%
OM 10.94%
PM (TTM) 6.92%
GM 25.13%
FCFM 4.07%
ROA(3y)6.44%
ROA(5y)6.3%
ROE(3y)15.14%
ROE(5y)15.65%
ROIC(3y)10.34%
ROIC(5y)9.45%
ROICexc(3y)10.91%
ROICexc(5y)9.89%
ROICexgc(3y)61.23%
ROICexgc(5y)57.48%
ROCE(3y)14.05%
ROCE(5y)12.84%
ROICexgc growth 3Y20.97%
ROICexgc growth 5Y17.33%
ROICexc growth 3Y23.18%
ROICexc growth 5Y-2.21%
OM growth 3Y15.62%
OM growth 5Y4.76%
PM growth 3Y10.1%
PM growth 5Y-1.06%
GM growth 3Y6.55%
GM growth 5Y3.63%
F-Score6
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 7.17
Debt/EBITDA 2.09
Cap/Depr 34.33%
Cap/Sales 0.87%
Interest Coverage 3.85
Cash Conversion 36.64%
Profit Quality 58.77%
Current Ratio 2.34
Quick Ratio 2.34
Altman-Z 3.16
F-Score6
WACC10.14%
ROIC/WACC1.19
Cap/Depr(3y)71.11%
Cap/Depr(5y)59.18%
Cap/Sales(3y)1.83%
Cap/Sales(5y)1.52%
Profit Quality(3y)125.93%
Profit Quality(5y)131.51%
High Growth Momentum
Growth
EPS 1Y (TTM)64.3%
EPS 3Y25.35%
EPS 5Y13.77%
EPS Q2Q%168.12%
EPS Next Y32.72%
EPS Next 2Y19.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.15%
Revenue growth 3Y5.46%
Revenue growth 5Y9.43%
Sales Q2Q%-4.11%
Revenue Next Year-0.96%
Revenue Next 2Y2.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.64%
EBIT growth 3Y21.93%
EBIT growth 5Y14.64%
EBIT Next Year39.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-41.48%
FCF growth 3Y16.15%
FCF growth 5Y12.42%
OCF growth 1Y-43.7%
OCF growth 3Y14%
OCF growth 5Y11.91%

MAXIMUS INC / MMS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MAXIMUS INC?

ChartMill assigns a fundamental rating of 7 / 10 to MMS.


What is the valuation status of MAXIMUS INC (MMS) stock?

ChartMill assigns a valuation rating of 9 / 10 to MAXIMUS INC (MMS). This can be considered as Undervalued.


How profitable is MAXIMUS INC (MMS) stock?

MAXIMUS INC (MMS) has a profitability rating of 8 / 10.


What is the financial health of MAXIMUS INC (MMS) stock?

The financial health rating of MAXIMUS INC (MMS) is 6 / 10.


What is the earnings growth outlook for MAXIMUS INC?

The Earnings per Share (EPS) of MAXIMUS INC (MMS) is expected to grow by 32.72% in the next year.