Financials in USD. Standardized financial statements.
A compact view of how Maximus, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $5.43B | $5.31B | $4.90B | $4.63B | $4.25B | $3.46B | $2.89B | $2.39B | $2.45B | $2.40B |
| Revenue Growth? | +2.4% | +8.2% | +5.9% | +8.9% | +22.9% | +19.9% | +20.7% | -2.4% | +2.0% | 0.0% |
| Cost of Revenue? | $4.19B | $4.15B | $3.97B | $3.78B | $3.35B | $2.79B | $2.29B | $1.81B | $1.85B | $1.85B |
| Gross Profit? | $1.25B | $1.16B | $934.02M | $849.35M | $902.62M | $675.37M | $592.93M | $584.08M | $599.70M | $548.81M |
| Gross Margin? | +23.0% | +21.9% | +19.0% | +18.3% | +21.2% | +19.5% | +20.5% | +24.4% | +24.5% | +22.8% |
| Operating Expenses? | $673.13M | $668.37M | $638.65M | $537.56M | $483.27M | $384.19M | $273.12M | $284.29M | $284.51M | $266.06M |
| Operating Income? | $576.75M | $491.72M | $295.37M | $311.78M | $419.35M | $291.18M | $319.81M | $299.78M | $315.19M | $282.75M |
| EBITDA? | $674.75M | $624.28M | $456.45M | $464.76M | $502.74M | $396.08M | $405.74M | $362.40M | $384.37M | $361.88M |
| Income Before Tax | $444.85M | $406.51M | $210.29M | $277.10M | $383.68M | $287.06M | $317.32M | $299.21M | $314.24M | $285.97M |
| Income Tax Expense | $125.81M | $99.59M | $48.50M | $73.27M | $92.48M | $72.55M | $76.83M | $78.39M | $102.05M | $105.81M |
| Net Income? | $319.03M | $306.91M | $161.79M | $203.83M | $291.20M | $214.51M | $240.82M | $220.75M | $209.43M | $178.36M |
| EPS? | $5.56 | $5.03 | $2.65 | $3.30 | $4.69 | $3.40 | $3.73 | $3.37 | $3.19 | $2.71 |
| Diluted EPS? | $5.51 | $4.99 | $2.63 | $3.29 | $4.67 | $3.39 | $3.72 | $3.35 | $3.17 | $2.69 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality