Maximus, Inc. (MMS) stock

MMSNYSEServices-Business Services, NECFiscal year ends September 30

Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 22/3051% below fair value

$64.87−0.51 (-0.78%)

Close on Nov 12, 2026Market cap $3.40BP/E 9.6Yield 1.85%

Maximus statistics

110 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 4, 2027 (estimated, before the open)
Last ex-dividend date: Aug 14, 2026
Fundamentals through: Jun 30, 2026
Share price as of: Nov 12, 2026

Valuation ratiosIndustry

Market Cap: $3.40B; $793.39M
Enterprise Value: $4.98B; $768.70M
PE Ratio: 9.60; 26.25
PS Ratio: 0.65; 2.28
PB Ratio: 1.95; 2.76
P/FCF Ratio: 7.84; 15.38
P/OCF Ratio: 7.23; 13.16

Enterprise valuationIndustry

EV / Sales: 0.95; 2.03
EV / EBITDA: 7.90; 16.16
EV / EBIT: 8.60; 20.87
EV / FCF: 11.49; 15.27

Share statisticsIndustry

Shares Outstanding: 52M; 58M
Shares Change (YoY): -6.44%; 1.97%
Shares Change (QoQ): -1.42%; 0.07%
Float: 51M; 53M
Shares Held by Insiders: 2.20%; 13.2%
Shares Held by Institutions: 106.8%; 62.8%

Short sellingIndustry

Short Interest: 3M; –
Short Interest Change: -12.3%; -3.30%
Short % of Float: 5.99%; 5.81%
Short % of Shares Outstanding: 5.86%; 4.22%
Days to Cover: 5.58; 3.54

Stock price statisticsIndustry

52-Week High: $100.00; –
52-Week Low: $51.04; –
20-Day Moving Average: $64.20; –
50-Day Moving Average: $59.33; –
200-Day Moving Average: $63.41; –
Average True Range (14): $2.20; –
Price Change (1 Week): -6.28%; 0.35%
Price Change (1 Month): 12.3%; 0.00%
Price Change (3 Months): 17.3%; -7.14%
Price Change (6 Months): 8.24%; 0.66%
Price Change (YTD): -24.8%; -14.1%
Price Change (1 Year): -21.4%; -14.0%
Price Change (3 Years): -14.3%; -12.6%
Price Change (5 Years): -23.4%; -56.7%
Price Change (10 Years): 24.7%; 44.9%
Average Volume (10 Days): 608,424; –
Average Volume (20 Days): 587,203; –
Average Volume (90 Days): 640,474; –
Relative Volume: 0.73; 0.71
Relative Strength Index (14): 56.6; 47.3
Volatility (1 Year): 36.8%; 65.3%
Beta (5 Years): 0.57; 1.19

MarginsIndustry

Gross Margin: 25.6%; 56.0%
Operating Margin: 11.0%; -1.96%
Pretax Margin: 9.36%; -0.63%
Profit Margin: 7.07%; -2.35%
EBITDA Margin: 12.0%; 0.85%
FCF Margin: 8.25%; 9.88%

Returns on capitalIndustry

Return on Equity (ROE): 21.1%; 1.34%
Return on Assets (ROA): 8.40%; -3.12%
Return on Invested Capital (ROIC): 13.2%; -0.29%
Return on Capital Employed (ROCE): 15.7%; -0.55%

Financial positionIndustry

Current Ratio: 2.42; 1.37
Quick Ratio: 2.12; 0.93
Debt / Equity: 0.94; 0.52
Debt / EBITDA: 2.60; 2.60
Debt / FCF: 3.78; 2.79
Net Debt / EBITDA: 2.51; 1.41
Interest Coverage: 6.49; -0.55

GrowthIndustry

Revenue Growth (YoY): -3.32%; 9.45%
Net Income Growth (YoY): 17.3%; 9.41%
EPS Growth (YoY): 24.7%; 12.4%
Revenue Growth (3Y CAGR): 5.46%; 7.44%
Revenue Growth (5Y CAGR): 9.43%; 12.3%
EPS Growth (3Y CAGR): 18.8%; 13.7%
EPS Growth (5Y CAGR): 10.2%; 12.4%

EfficiencyIndustry

Asset Turnover: 1.19; 0.64
Revenue Per Employee: $141.09K; $396.32K
Profits Per Employee: $9.97K; -$6.68K
Employee Count: 37,200; 525
WACC: 6.55%; 10.1%

Income statement (TTM)Industry

Revenue: $5.25B; $257.79M
Gross Profit: $1.34B; $158.36M
Operating Income: $578.99M; -$578.69K
Pretax Income: $491.43M; -$294.07K
Net Income: $370.89M; -$298.85K
EBITDA: $630.25M; -$75.39K
EPS (Diluted): $6.76; $0.00

Balance sheetIndustry

Cash & Short-Term Investments: $56.95M; $41.64M
Total Debt: $1.64B; $174.92M
Net Cash (Debt): -$1.58B; $1.79M
Net Cash Per Share: -$30.18; $0.13
Equity (Book Value): $1.74B; $51.00M
Book Value Per Share: $33.24; $1.99
Tangible Book Value: -$517.02M; $2.78M
Working Capital: $963.29M; $14.99M

Cash flow (TTM)Industry

Operating Cash Flow: $469.51M; $5.65M
Capital Expenditures: -$36.28M; -$5.59M
Free Cash Flow: $433.23M; $35.58M
FCF Per Share: $8.27; $0.53

Dividends and yieldsIndustry

Earnings Yield: 10.9%; 0.38%
FCF Yield: 12.8%; 4.32%
Dividend Yield: 1.85%; 1.30%
Buyback Yield: 10.2%; 3.37%
Shareholder Yield: 12.0%; 3.80%
Dividend Per Share: $1.20; $1.04
Dividend Growth (YoY): 0.00%; 6.12%
Years of Dividend Growth: 0; 1

Taxes and interestIndustry

Interest Expense: $89.24M; $3.48M
Income Tax: $120.54M; $1.62M
Effective Tax Rate: 24.5%; 22.3%

Scores and fair valueIndustry

Graham Number: $71.11; $16.66
Graham Upside: 9.62%; -55.3%
Altman Z-Score: 3.04; 1.97
Piotroski F-Score: 7; 5
Beneish M-Score: -2.68; -2.82
Lynch Fair Value: $68.97; –
Lynch Upside: 6.32%; -35.4%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	MMS	S&P 500	Difference	MMS per year	S&P 500 per year
1 month	+10.2%	-2.7%	+12.9 pts
3 months	+19.9%	-1.7%	+21.6 pts
Year to date	-23.6%	+11.9%	−35.5 pts
1 year	-17.9%	+12.0%	−29.9 pts
3 years	-10.3%	+78.2%	−88.5 pts	-3.6%	+21.2%
5 years	-17.3%	+73.2%	−90.5 pts	-3.7%	+11.6%
10 years	+41.9%	+309.6%	−267.8 pts	+3.6%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

3M MMS shares were sold short on Oct 30, 2026, down 12.3% from the previous report, or 5.99% of the shares available to trade. At recent volumes it would take 5.6 days to buy them back. Over the last 20 sessions, 64.7% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	3,068,941	-12.3%	550,336	5.6
Oct 15, 2026	3,499,602	+2.7%	756,801	4.6
Sep 30, 2026	3,407,035	+3.1%	828,362	4.1
Sep 15, 2026	3,304,066	+2.8%	573,374	5.8
Aug 31, 2026	3,212,779	+4.3%	437,859	7.3
Aug 14, 2026	3,079,870	-0.7%	783,149	3.9
Jul 31, 2026	3,102,518	-0.9%	607,275	5.1
Jul 15, 2026	3,131,469	-9.3%	621,732	5.0
Jun 30, 2026	3,452,309	-2.8%	1,047,264	3.3
Jun 15, 2026	3,551,263	+6.5%	512,403	6.9
May 29, 2026	3,332,970	-3.1%	734,574	4.5
May 15, 2026	3,439,648	+31.3%	974,197	3.5