Maximus(NYSE) MMS

Maximus, Inc. helps governments manage public health and welfare programs. It makes it easier for citizens to access essential social services. The company handles health insurance enrollment and clinical assessments.

Vital Support Services

• U.S. Federal Services: Program operations, clinical services, and advanced technology solutions for federal government agencies.
• U.S. Services: Eligibility, enrollment, and administrative support for state and local programs like Medicaid and the Affordable Care Act.
• Outside the U.S.: Health assessments and employment program administration for governments in the United Kingdom, Canada, and the Middle East.

Recent Sales and Expansions

• Divested the U.S. child support business in December 2025.
• Sold operations in Australia and Korea in December 2024.
• Finalized the sale of the United Kingdom commercial practice in 2023.
• Expanded credit facilities in fiscal years 2025 and 2026 to support share repurchases and operations.

What Makes Maximus Different?

Maximus manages large-scale clinical assessment and enrollment programs that help governments translate complex public policies into operating models. Its ability to scale services quickly allows the company to support urgent needs like natural disaster response and public safety initiatives.

A Look at the Numbers

• Revenue was $3.9 billion for the nine months ended June 30, 2026, down 4.4% year over year.
• Net income was $295.6 million for the nine months ended June 30, 2026, up from $243.7 million year over year.
• Operating margin for the nine months ended June 30, 2026, was 11.6%, up from 9.9% in the prior year period.
• Free cash flow (non-GAAP) was negative $208.6 million for the nine months ended June 30, 2026.

Bottom Line

Maximus has evolved by streamlining its international footprint and prioritizing core government programs in the United States. Its shift toward tech-enabled clinical services supports improved profitability and greater operational focus.