MAXIMUS financials
$53.07+1.86%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Sep 30 | FY24 Sep 30 | FY23 Sep 30 | FY22 Sep 30 | FY21 Sep 30 | FY20 Sep 30 | FY19 Sep 30 | FY18 Sep 30 | FY17 Sep 30 | FY16 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.43B | $5.31B | $4.90B | $4.63B | $4.25B | $3.46B | $2.89B | $2.39B | $2.45B | $2.40B |
| Gross profit | $1.33B | $1.25B | $1.03B | $939.8M | $947.0M | $711.0M | $671.2M | $594.4M | $611.9M | $562.2M |
| Gross margin | 24.6% | 23.6% | 21.0% | 20.3% | 22.3% | 20.5% | 23.3% | 24.8% | 25.0% | 23.4% |
| Operating income | $528.3M | $488.5M | $294.8M | $314.9M | $408.5M | $288.3M | $317.1M | $295.5M | $312.9M | $279.7M |
| Net income | $319.0M | $306.9M | $161.8M | $203.8M | $291.2M | $214.5M | $240.8M | $220.8M | $209.4M | $178.4M |
| Net margin | 5.9% | 5.8% | 3.3% | 4.4% | 6.8% | 6.2% | 8.3% | 9.2% | 8.5% | 7.4% |
| Diluted EPS | $5.51 | $4.99 | $2.63 | $3.29 | $4.67 | $3.39 | $3.72 | $3.35 | $3.17 | $2.69 |
| EBITDA | $662.0M | $614.0M | $444.1M | $447.6M | $499.2M | $388.4M | $402.6M | $361.0M | $383.1M | $351.5M |
| Operating cash flow | $429.4M | $515.3M | $314.3M | $289.8M | $517.3M | $244.6M | $356.7M | $316.8M | $336.4M | $180.0M |
| Free cash flow | $366.2M | $401.1M | $223.6M | $233.7M | $480.8M | $203.9M | $289.9M | $290.3M | $312.3M | $133.6M |
| Diluted shares | 57.9M | 61.5M | 61.5M | 62.0M | 62.4M | 63.3M | 64.8M | 65.9M | 66.1M | 66.2M |
Balance sheet
| Period end | Sep 30 | Sep 30 | Sep 30 | Sep 30 | Sep 30 | Sep 30 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $222.4M | $183.1M | $65.4M | $40.7M | $135.1M | $71.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $1.33B | $1.13B | $1.25B | $1.36B | $1.51B | $28.9M |
| Total assets | $4.07B | $4.13B | $3.99B | $3.99B | $4.12B | $2.02B |
| Total liabilities | $2.40B | $2.29B | $2.32B | $2.44B | $2.64B | $782.9M |
| Shareholders' equity | $1.67B | $1.84B | $1.67B | $1.55B | $1.48B | $1.24B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology