Maximus’s valuation looks moderately attractive on the multiples, but its balance sheet and liquidity do not justify an aggressive upward revision. P/E of 8.6, P/S of 0.57, P/B of 1.60, and P/FCF of 7.99 are noticeably below the industry median, which usually indicates undervaluation and limits the risk of a sharp downside in the target price. At the same time, the multiple trend is generally improving: P/S and P/FCF have declined compared with earlier periods, and P/E, after peaking at 13.03, has returned to lower levels. The company’s profitability is strong: ROE of 21.72%, ROA of 8.79%, and ROI of 11.72% are above industry benchmarks, and the operating margin of 10.96% is also slightly better than the median. This suggests that the business is able to generate returns on capital and its asset base better than many peers in the sector. On the other hand, gross margin of 25.61% is below the industry median, and net profit margin of 7.07% is also slightly weaker, which limits the upside from a rerating. The debt burden is noticeably higher than the industry average: debt/equity of 0.90 is above the median, long-term debt stands at 1.565 billion, and total liabilities are 2.626 billion, so financial risk remains significant. Especially concerning is the quick ratio of 0.00, which points to weak immediate liquidity and increases sensitivity to short-term cash flow fluctuations. At the same time, a current ratio of 2.21 shows that overall working capital is sufficient, while cash on hand of 57 million looks moderately modest relative to the scale of liabilities. Revenue of 1.279 billion and profit of 98 million remain strong, while EPS of 2.22 and forecast EPS of 2.20 confirm the stability of earnings power. The dividend yield is currently zero, so the investment case relies almost entirely on fundamental profitability and valuation rather than cash return. Overall, the picture is rather neutral-to-positive: the company is high quality and inexpensive on the multiples, but the debt load and weak liquidity do not allow for a meaningful increase in the target price.

Maximus, Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно упал. Рынок не поддерживает быков.

Weak index, significantly down. The market does not support the bulls.

Средний индекс, незначительно вырос. Отток средств из лонгов на высоком уровне.

Medium index, slightly up. Outflow of funds from longs at a high level.

MMS appears undervalued on multiples and strong in profitability, but its high debt burden and weak immediate liquidity are limiting upward revision.

(RTTNews) - Maximus (MMS) said it has entered into a definitive agreement to acquire privately held Agile Defense LLC and certain affiliates for $660 million in cash, with additional contingent consideration potentially payable based on performance objectives.
The acquisition is expected to strengthen Maximus' presence in defense and national security markets by adding capabilities in cybersecurity, digital transformation, data analytics and artificial intelligence. Agile Defense has approximately 1,100 cleared personnel and serves more than 50 federal government agencies.
Maximus said the deal would expand its opportunities to support technology-intensive federal missions and customers, including the Departments of War and Homeland Security.
The transaction is subject to regulatory approvals and customary closing conditions, with completion expected in the first quarter of Maximus' fiscal 2027.

Maximus To Acquire Agile Defense For $660 Mln

WM WM benefits from continued demand for waste collection and disposal services. The company’s network scale and pricing discipline continue to generate revenues and protect margins. Rising sustainable investments support long-term prospects and strong shareholder-friendly policies are an added advantage.
An elevated debt position limits scalability and financial flexibility. Tight liquidity makes the stock unattractive to investors.
How Is WM Faring?
Consistent Demand for Waste Collection & Disposal: The recurring need for waste collection and disposal gives WM a stable demand base. The company benefits from this demand by providing comprehensive waste management services, including collection, transfer, recycling, resource recovery and disposal services to residential, commercial, industrial and municipal customers.
Scale & Network Give Competitive Advantage: WM’s strong collection, recycling and disposal infrastructure supports long-standing customer relationships and recurring revenue across essential services. This integrated network of landfills, recycling facilities and renewable energy assets allows the company to capture more value across the waste stream.
Pricing, Technology & Cost Control Protect Margins: The company’s pricing discipline and operating technology continue to protect margins even when volumes are uneven. At the end of the second quarter of 2026, WM reported that its core price increased 5.7%, while adjusted operating EBITDA margin expanded 40 basis points to 30.9%. Management highlighted that SmartTruck, a fleet technology program designed to help create cleaner, safer communities while giving more visibility into clients’ service and billing, generates more than $300 million of annual run-rate EBITDA through service upgrades, route optimization and lower operating costs. Reported revenues rose 4% year over year in the second quarter of 2026, driven by disciplined pricing and operating efficiencies.
Waste Management, Inc. Revenue (TTM)
Sustainable Investments Increase Prospects: WM’s focused approach to sustainability investments is also driving the company’s overall growth. The company is expanding its recycling and renewable energy capacity. Recycling and renewable energy adjusted operating EBITDA increased 32.5% year over year during the second quarter of 2026 as recycling volumes, automation efficiencies and renewable natural gas production increased.
Dividend & Share Buybacks Create Value for Shareholders: WM has maintained shareholder returns while funding strategic investment. The company returned $1 billion through share repurchases during the first half of 2026, while paying dividends of $764 million. Management said that it remains committed to balanced capital allocation, prioritizing shareholder returns alongside disciplined balance sheet management and long-term growth. These shareholder-friendly actions generate value for investors seeking gains from share price appreciation and dividends.
High Debt Limits Financial Flexibility: Meanwhile, WM has accumulated significant debt due to past buyouts, capital allocation decisions and efforts to expand its business. The company had total debt of $23.36 billion, including $22.28 billion of long-term debt and $557 million of current debt, compared with $557 million of cash and equivalents at the end of the second quarter of 2026. This high debt burden can limit financial flexibility if growth slows or acquisition opportunities increase.
Liquidity Pinch: The company’s short-term liquidity remains constrained relative to its near-term obligations. Its current assets totaled $5.40 billion compared with $5.95 billion of current liabilities, leaving working capital in a deficit position at the end of the second quarter of 2026. WM's current ratio of 0.91 lingers below the industry average of 1.61.
Although operating cash flow increased more than 17% year over year to $3.23 billion in the first half of 2026, the company must continue balancing debt service, dividends, repurchases and investment requirements. The combination of elevated near-term obligations and a limited liquidity cushion reduces financial flexibility if cash generation weakens or capital requirements rise.
Latest Financial Performance: WM reported adjusted earnings of $2.02 per share, which beat the Zacks Consensus Estimate by 1.5% and rose 5.2% from the year-ago quarter. Revenues of $6.68 million marginally missed the consensus estimate but increased 4% year over year.
WM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots
H&R Block, Inc HRB reported impressive third-quarter fiscal 2026 results. HRB’s adjusted earnings of $6.02 per share outpaced the consensus mark by 5.8% and rose 11.9% from the year-ago quarter. HRB’s total revenues of $2.4 billion surpassed the consensus mark by 2.5% and increased 5.3% year over year.
Maximus, Inc. MMS posted mixed third-quarter fiscal 2026 results. MMS’s adjusted earnings of $2.22 per share topped the Zacks Consensus Estimate by 0.9% and rose 2.8% year over year. MMS’s total revenues of $1.28 billion missed the consensus estimate by 3.2% and declined 5.1% from the year-ago quarter.
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Waste Collection Demand & Sustainability Aid WM Amid High Debt

Verisk Analytics VRSK benefits from strong growth in its subscription-led revenue model. Focused investments in artificial intelligence (AI) and product innovation strategies collectively drive the company’s long-term growth outlook. Strong shareholder-friendly policies are an added advantage.
An elevated debt position limits scalability and financial flexibility. Rising personnel expenses could strain margins.
How Is VRSK Faring?
Subscription Revenues Lead Overall Growth: Verisk Analytics’ subscription revenues represented 83% of total revenues in the second quarter of 2026, up from 82% in the prior-year period. The company has been increasing prices during contract renewals, supported by AI and data-driven product enhancements, which helped increase annualized recurring revenues and reinforced the transition from transaction-based sales to subscriptions. This model benefits VRSK by supporting revenue visibility and providing a more stable foundation for long-term growth.
Verisk Analytics, Inc. Revenue (TTM)
Product Innovations & Investments in AI Drive Prospects: VRSK is investing in proprietary datasets, AI and cloud-based platforms to deepen its role in insurer workflows. VRSK launched insurance data connectors with Anthropic during the second quarter of 2026 for underwriting and claims, also maintaining governance protections by keeping client data within the client session. The company released seven Core Lines Reimagine modules in the second quarter of 2026 and remains on track for 25 modules in 2026. These initiatives support renewal pricing, broaden use cases across underwriting and claims and strengthen VRSK's position.
Consistent Dividend & Share Buybacks: VRSK has maintained shareholder returns while funding strategic investment. It returned $2.8 billion, $1 billion and $624 million through share repurchases in 2023, 2024 and 2025, while paying dividends of $196.8 million, $221.3 million and $251.3 million, respectively. These shareholder-friendly actions generate value for investors seeking gains from share price appreciation and dividends.
High Debt Limits Financial Flexibility: Verisk Analytics has accumulated significant debt due to past buyouts, capital allocation decisions and efforts to expand its business. The company had a total debt of $4.47 billion, including $4.22 billion of long-term debt and $257.7 million of short-term debt at the end of the second quarter of 2026. Net interest expense rose to $52.8 million in the second quarter of 2026 from $35.5 million in the prior-year quarter. For the first half of 2026, net interest expense increased to $96 million from $71.8 million. This can limit financial flexibility if growth slows or acquisition opportunities increase.
Staffing Costs Pressure Bottom Line: VRSK’s personnel expenses, which include salaries, benefits, incentive compensation, equity compensation costs, sales commissions, employment taxes, recruiting costs, and outsourced temporary agency costs, are a major component of both cost of revenues and selling, general, and administrative expenses. They represented nearly 56% and 55% of the total operating expenses for 2024 and 2025, respectively. In the second quarter of 2026, cost of revenues increased 1.7% year over year, driven partly by higher personnel, benefits and IT/data costs. Selling, general & administrative costs rose 20.8% year over year, reflecting legal fees, advisory costs and acquisition-related expenses. Ever-rising employee salaries and wage expenses can significantly pressure VRSK's bottom line in the future.
Verisk Analytics currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots
H&R Block, Inc. HRB reported impressive third-quarter fiscal 2026 results. HRB’s adjusted earnings of $6.02 per share outpaced the consensus mark by 5.8% and rose 11.9% from the year-ago quarter. HRB’s total revenues of $2.4 billion surpassed the consensus mark by 2.5% and increased 5.3% year over year.
Maximus, Inc. MMS posted mixed third-quarter fiscal 2026 results. MMS’s adjusted earnings of $2.22 per share topped the Zacks Consensus Estimate by 0.9% and rose 2.8% year over year. MMS’s total revenues of $1.28 billion missed the consensus estimate by 3.2% and declined 5.1% from the year-ago quarter.
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Maximus, Inc. (MMS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).

Subscription Revenues & AI Investments Aid VRSK Amid High Debt

Maximus, Inc. MMS reported mixed third-quarter fiscal 2026 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
MMS’ adjusted earnings of $2.22 per share surpassed the consensus mark of $2.20 by 0.9% and increased 2.8% year over year.
Maximus, Inc. Price, Consensus and EPS Surprise
Revenues of $1.28 billion missed the consensus mark of $1.32 billion by 3.2% and declined 5.1% year over year. Prior-year revenues benefited from elevated natural disaster support and temporary clinical volume surges. Adjusted EBITDA margin improved to 15% from 14.7%.
MMS’ shares have declined 28.4% over the past year against the industry’s 2.4% growth. The Zacks S&P 500 composite has risen 23.5% over the same time frame.
MMS' Federal Services Revenues Decline
U.S. Federal Services segment revenues declined 5.3% year over year to $721 million. The prior-year period benefited from elevated natural disaster response work and temporary clinical volume surges that did not recur at the same level in the reported quarter.
Segment operating margin improved to 18.6% from 18.1% a year ago. Productivity improvements, technology-enabled efficiencies and stable performance across core program areas aided profitability.
Maximus' U.S. Services Margin Improves
U.S. Services segment revenues were $418.2 million, down 4.9% year over year. Management expects the segment to achieve positive organic year-over-year growth by the fourth quarter of fiscal 2026, supported by work for existing customers related to legislative-driven program changes.
The segment's operating income increased 0.5% to $45.2 million. Operating margin expanded to 10.8% from 10.2% in the prior-year quarter, reflecting continued sequential improvement during fiscal 2026.
MMS' Outside the U.S. Segment Remains Soft
Outside the U.S. segment revenues fell 5.2% year over year to $139.8 million. The decline was due to volume variances across several clinical and employment services programs.
Operating income totaled $1.2 million compared with $5.9 million a year earlier. Operating margin contracted to 0.9% from the year-ago quarter’s 4%. Maximus continues to focus on converting pipeline opportunities to support growth and margin improvement in the segment.
Maximus Posts Higher Companywide Margins
Operating income totaled $161.4 million, down 2.6% year over year. However, operating margin improved by 30 basis points to 12.6%, reflecting better profitability despite lower revenues.
Adjusted EBITDA was $192.3 million compared with $198.3 million in the year-ago period. The margin expansion reflected ongoing efficiency initiatives across multiple program areas, including broader deployment of automation and AI-enabled tools. About 75-80% of new bids and rebids now include AI-related requirements or evaluation criteria.
MMS' Pipeline Remains Substantial
Year-to-date signed contract awards totaled $1.25 billion at June 30, 2026, while awarded but unsigned contracts totaled $1.35 billion. The trailing 12-month book-to-bill ratio was 0.5 times.
The sales pipeline stood at $50.4 billion, including $2.86 billion of proposals pending, $2.42 billion of proposals in preparation and $45.1 billion of opportunities being tracked. New work represented about 57% of the pipeline, while U.S. Federal Services accounted for roughly 55%.
Maximus' Cash Flow Reflects Collection Delays
MMS exited the quarter with unrestricted cash and cash equivalents of $57 million and gross debt of $1.65 billion. Its net leverage ratio was 2X, within the company's target range of 2-3X.
Cash used in operating activities totaled $125 million, while free cash flow was an outflow of $137 million. Days sales outstanding reached 98 days due to administrative delays at a major federal customer. Collections accelerated after quarter-end, with $245 million received subsequently.
MMS Cuts Fiscal 2026 Earnings Guidance
Maximus reiterated fiscal 2026 revenue guidance of $5.2-$5.35 billion, with results expected toward the lower end of the range. The midpoint ($5.275 billion) of the guided figure is lower than the Zacks Consensus Estimate of $5.29 billion for the same period.
Adjusted earnings guidance was lowered to $7.90-$8.20 per share from $8.25-$8.55 per share. The Zacks Consensus Estimate for the same is pegged at $8.43 per share. A temporary contractual modification with a major federal customer prompted the company to reduce its profitability outlook. Adjusted EBITDA margin guidance was cut to approximately 13.7% from 14.2%, while free cash flow guidance was reduced to $425-$475 million from $450-$500 million.
Currently, Maximus carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots
Trane Technologies plc TT reported impressive second-quarter 2026 results. TT’s adjusted earnings of $4.31 per share outpaced the consensus mark by 0.9% and rose 11.1% from the year-ago quarter’s actual. TT’s total revenues of $6.35 billion surpassed the consensus mark by 2.9% and increased 6.4% year over year.
Clean Harbors, Inc. CLH posted better-than-expected second-quarter 2026 results. CLH’s adjusted earnings of $3.22 per share beat the Zacks Consensus Estimate by 17.5% and rose 36.4% year over year. Total revenues of $1.74 billion surpassed the consensus estimate by 6.8% and increased 12% from the year-ago quarter.
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Maximus Q3 Earnings Beat Estimates, Increase Year Over Year

The board of directors of The PNC Financial Services Group declared a quarterly cash dividend on the common stock of $2.00 per share, an increase of $0.30 per share, or 18%, from the second quarter dividend of $1.70 per share. The dividend will be payable Aug. 5, 2026, to shareholders of record at the close of business July 20, 2026.
Lindsay, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.38 per share, payable August 31, 2026, to shareholders of record at the close of business on August 17, 2026. This quarterly cash dividend rate represents a three percent increase to the previous quarterly indicated rate of $0.37 per share. The new annual indicated rate is $1.52 per share, up from the previous annual indicated rate of $1.48 per share.
Pershing Square today announced that its Board of Directors has declared a quarterly cash dividend of $0.122 per share of its common stock for the third quarter of 2026, payable on July 21, 2026 to shareholders of record as of the close of business on July 13, 2026. This cash dividend marks Pershing Square's first quarterly cash dividend since its initial public offering.
Terex announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on September 18, 2026 to all stockholders of record as of the close of business on August 11, 2026.
Maximus, a leading provider of government services, announced today that its Board of Directors has approved a quarterly cash dividend of $0.33 per share, payable on August 31, 2026, to shareholders of record on August 14, 2026.
VIDEO: Daily Dividend Report: PNC,LNN,PS,TEX,MMS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: PNC,LNN,PS,TEX,MMS

Maximus MMS reported mixed second-quarter fiscal 2026 results, wherein earnings beat the Zacks Consensus Estimate while revenues missed the same.
MMS’ adjusted earnings per share of $2.07 beat the consensus mark by 4.6% and increased 3% year over year. Revenues of $1.31 billion missed the consensus mark by 1.1% and declined 4.1% from the year-ago quarter due to lower natural disaster support work and temporary clinical volume surges in domestic segments.
However, the reported quarterly earnings beat did not impress investors, as the stock has declined 7.7% since the earnings release on May 7, reflecting poor quarterly revenue performance and weak revenue guidance for fiscal 2026.
Maximus, Inc. Price, Consensus and EPS Surprise
Maximus guided revenues in the range of $5.2-$5.35 billion. The midpoint of $5.275 billion for fiscal 2026 was lower than the Zacks Consensus Estimate of $5.32 billion.
Segmental Revenues of Maximus
The U.S. Federal Services segment generated revenues of $753.1 million, down 3.2% year over year due to the absence of elevated natural disaster support work. Excluding disaster-related work, the segment posted 1.5% organic growth.
The U.S. Services segment’s revenues declined 6% year over year to $415.8 million, reflecting lower clinical volumes. Outside the U.S. segment revenues decreased 3.1% year over year to $137.1 million.
MMS’ Margin Performance Improves
Operating income totaled $148.5 million compared with $153 million in the prior-year quarter. Operating margin improved 20 basis points year over year to 11.4%, while adjusted EBITDA margin expanded to 14.4% from 13.7%, driven by efficiencies enabled by automation and AI tools.
The U.S. Federal Services segment operating margin expanded to 17.6% from 15.3% a year ago, supported by technology initiatives and automation that enabled higher processing volumes without a proportional increase in labor costs.
The U.S. Services segment operating margin was 9.3%, down from 12.2% in the prior-year quarter due to a $6.9 million non-cash impairment charge related to a software asset. Excluding the charge, segment margin was 10.9%.
Maximus Accelerates AI-Led Automation Efforts
Management highlighted growing traction in AI-enabled offerings and automation initiatives. The company stated that generative and probabilistic AI solutions are automating nearly half of certain high-volume dispute resolution workflows, enabling employees to focus on more complex cases and improving operating leverage.
Maximus also noted increasing demand for its Total Experience Management platform and AI-enabled program integrity solutions aimed at fraud prevention, workflow automation and customer service modernization.
Balance Sheet & Cash Flow of MMS
Maximus exited the quarter with unrestricted cash and cash equivalents of $157 million compared with $222.4 million at fiscal 2025-end. Gross debt totaled $1.55 billion as of quarter-end.
Cash provided by operating activities was $190 million in the quarter, while free cash flow totaled $179 million. During the quarter, the company repurchased approximately 1.4 million shares for $111 million and an additional 0.6 million shares for nearly $40 million through May 1, 2026.
MMS Raises Fiscal 2026 Earnings Outlook
For fiscal 2026, MMS’ adjusted earnings per share are now expected in the range of $8.25-$8.55, up from the prior guidance of $8.05-$8.35, with the midpoint of $8.40 being above the Zacks Consensus Estimate of $8.33.
The company maintained free cash flow guidance between $450 million and $500 million and raised adjusted EBITDA margin guidance by 20 basis points to approximately 14.2%.
The tax rate is expected to range between 24.0% and 25.0% for the fiscal year 2026.
Maximus carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots
Rollins, Inc. ROL reported impressive first-quarter 2026 results. ROL’s adjusted earnings of 24 cents per share matched the consensus mark and rose 9.1% from the year-ago quarter. ROL’s total revenues of $906.4 million surpassed the consensus mark by 1.3% and increased 10.2% year over year.
Waste Connections, Inc. WCN posted impressive first-quarter 2026 results. WCN’s adjusted earnings of $1.23 per share outpaced the consensus mark by 3.4% and rose 8.9% from the year-ago quarter. WCN’s total revenues of $2.37 billion beat the consensus mark by 0.7% and increased 6.4% year over year.
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Maximus Declines 7.7% Since Beating Q2 Earnings Estimates

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Maximus (MMS) Q2 2026 Earnings Transcript

(RTTNews) - While reporting financial results for the second quarter on Thursday, Maximus, Inc. (MMS) raised its adjusted earnings guidance for the full-year 2026, while maintaining annual sales outlook.
For fiscal 2025, the company now projects adjusted earnings in a range of $8.25 to $8.55 per share, up from the prior forecast range of $8.05 to $8.35 per share. However, the company continues to project sales between $5.20 billion and $5.35 billion.
The Board of Directors also authorized a refresh to the repurchase program for Maximus common stock up to an aggregate of $400 million, which becomes effective May 11, 2026.
On April 6, 2026, the Board of Directors declared a quarterly cash dividend of $0.33 for each share of our common stock outstanding, payable on June 1, 2026, to shareholders of record on May 15, 2026.
In Thursday's pre-market trading, MMS is trading on the NYSE at $65.00, up $1.06 or 1.66 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Maximus Boosts FY26 Adj. EPS Outlook; Announces $400 Mln Share Buyback - Update

(RTTNews) - Maximus Inc (MMS) released earnings for its second quarter that Increases, from last year
The company's earnings totaled $105.98 million, or $1.86 per share. This compares with $89.75 million, or $1.46 per share, last year.
Excluding items, Maximus Inc reported adjusted earnings of $122.93 million or $2.16 per share for the period.
The company's revenue for the period rose 2.6% to $1.348 billion from $1.314 billion last year.
Maximus Inc earnings at a glance (GAAP) :
-Earnings: $105.98 Mln. vs. $89.75 Mln. last year. -EPS: $1.86 vs. $1.46 last year. -Revenue: $1.348 Bln vs. $1.314 Bln last year.
-Guidance: Full year EPS guidance: $7.35 - $7.55 Full year revenue guidance: $5.375 - $5.475 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Maximus Inc Q2 Profit Advances

Maximus MMS is benefiting from its reputation as a trusted partner to governments worldwide, delivering cost-effective, scalable solutions in health and human services. Strong shareholder-friendly policies and solid liquidity are added advantages.
Meanwhile, regulatory risk and heavy reliance on contracts from federal and state governments pose significant concerns for the company. Heightened competition within the government services industry further puts pressure on profitability and scalability.
How is MMS Faring?
Maximus gains from its business process management expertise and ability to deliver cost-effective, efficient and large-scale solutions, positioning it as a lucrative partner to governments. The company has grown to be a leading operator of government health and human services programs globally, enabling it to generate predictable recurring revenue streams. Improved quality of lifestyle and more complex health needs have increased the need for government social benefits and safety-net programs, consequently driving the company’s top-line growth.
Maximus, Inc. Revenue (TTM)
MMS generates strong cash flow from operations, driven by its profitable operations and efficient receivables management. The subject-matter expertise of its workforce in the critical aspects of the design, implementation, and operation of government health and human services programs differentiates the company, giving it a competitive advantage over its peers.
The company consistently rewards its shareholders through dividend payments. It paid dividends of $68.7 million, $72.9 million, $68.1 million and $68.7 million in fiscal 2025, 2024, 2023 and 2022, respectively. Such moves indicate the company’s commitment to return value to shareholders and instill their confidence in the business.
MMS’s current ratio (a measure of liquidity) at the end of the first quarter of fiscal 2026 was 2.34, higher than the industry’s 2.14. A current ratio of more than 1 indicates that the company is well-positioned to pay off its short-term obligations.
Meanwhile, Maximus continues to rely heavily on contracts from federal and state governments, particularly in programs like Medicaid and Medicare. The company is currently experiencing slowing growth in its core business segments due to this reliance. MMS’s top line and contract volume can be directly impacted by changes in government funding priorities.
The company operates in a highly regulated industry, which exposes it to significant regulatory risks. Policy shifts or changes to government healthcare programs under different political administrations could affect Maximus’s ability to win contracts or sustain existing ones. Regulatory changes that tighten requirements for contractors could increase operational costs and reduce profits.
Recently, MMS reported mixed first-quarter fiscal 2026 results. Earnings of $1.85 per share marginally beat the Zacks Consensus Estimate and increased 14.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by 4.6% and dipped 4.1% year over year.
Maximus currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshots of Some Other Service Providers
FTI Consulting, Inc. FCN reported impressive results for the fourth quarter of 2025.
FCN’s adjusted earnings per share of $1.78 beat the consensus mark by 39 cents and increased 14.1% from the year-ago quarter. FTI Consulting’s revenues of $990.7 million beat the Zacks Consensus Estimate of $911.4 million and rose 10.7% from the year-ago quarter.
Gartner, Inc. IT posted impressive fourth-quarter 2025 results.
IT’s adjusted earnings were $3.94 per share, which beat the Zacks Consensus Estimate by 12.6%. The metric decreased 27.7% from the year-ago quarter. Gartner’s total revenues of $1.8 billion beat the consensus estimate by a slight margin and improved 2.2% on a year-over-year basis.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
P/E	11.60	9.56	7.95	8.60	—	8.60	24.96
Price/Sales	—	0.67	0.57	—	—	0.57	1.40
P/B	—	1.98	1.61	—	1.60	1.60	2.35
P/FCF	11.96	9.95	7.39	7.99	—	7.99	18.03

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
ROE	—	21.74	21.72	—	—	21.72	14.69
ROA	—	8.79	—	—	—	8.79	6.05
ROI	—	11.71	11.72	—	—	11.72	8.73
Net Worth	—	3.46	2.84	3.07	2.82	2.82	1.16
Quick Ratio	—	0.00	0.00	—	—	0.00	1.16
Current Ratio	—	2.21	—	—	—	2.21	1.59

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
Net Profit Margin	—	7.02	7.07	—	—	7.07	7.68
Operating Margin	—	10.96	—	—	—	10.96	10.44
Gross Margin	—	25.48	25.61	—	—	25.61	32.69
Return on tangible equity	—	0.00	0.00	—	—	0.00	24.78

Indicator	Feb 26	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
EPS	1.61	—	—	2.22	—	2.22	0.76
EPS Forecast	1.84	—	—	2.20	—	2.20	0.67
Revenue	—	1.31B	1.28B	—	—	1.28B	187.00M
Gross Profit	—	342.00M	—	—	—	342.00M	—
EBITDA	—	182.00M	194.00M	—	—	194.00M	—

Maximus, Inc.

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