# Maximus Inc. (MMS) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Professional Services. Price $57.66, market value $3.0 billion.

## Valuation
- **P/E (trailing): 8.5×** (5-yr avg 19.0×, 3-yr avg 20.6×). Maximus Inc. trades at 8.5× trailing earnings, well below its own five-year average of 19.0×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 6.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.66**. A PEG of 0.66 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 14.4%** (5-yr avg 7.2%). Free cash flow equals 14.4% of the market value, above its five-year average of 7.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 11.7%**. The inverse of the P/E: 11.7% of the price is earned each year.

## Profitability
- **Gross margin: 25.6%**. Maximus Inc. keeps 25.6% of revenue after the direct cost of what it sells.
- **Operating margin: 11.0%**. 11.0% of revenue is left after running the business.
- **Net margin: 5.9%**. 5.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.1%**. 19.1% on shareholders' equity is solid.
- **Return on invested capital: 16.4%**. Return on all capital, debt included, is 16.4%: comfortably above what that capital costs.
- **Return on assets: 9.1%**. Each dollar of assets produces 9.1% of profit.

## Growth
- **Revenue growth (1 yr): 2.4%** (3-yr 5.5%/yr, 5-yr 9.4%/yr). Revenue grew 2.4% over the last year, against 9.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 10.4%** (3-yr 18.8%/yr, 5-yr 10.2%/yr). Earnings per share rose 10.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 16.1%/yr**. Free cash flow has compounded at 16.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.80**. Debt is 0.80 times equity, moderate leverage.
- **Altman Z-score: 3.09**. A Z-score of 3.09 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.29%** ($1.26 per share, trailing). Maximus Inc. yields 2.29%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 21**. 21 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 1.4%/yr** (1-yr 0.0%). The dividend has grown 1.4% a year over five years.

## Price and momentum
- **Total return (1 yr): -34.0%** (YTD -32.5%, 3-mo -4.8%). The shares are down 34.0% over twelve months including dividends.
- **From 52-week high: -42.3%** (9.3% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.33** (volatility 35%). Beta of 0.33 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MMS · Page: https://foliofundamentals.com/stocks/mms

Not investment advice.