OverviewSuggest Edit

Maximus provides business process services to government health and human services programs. The Company's Health Services segment offers various BPS, appeals, and assessments, as well as related consulting services. The company's U.S. Federal Services segment offers services, including centralized customer contact centers and support services; documents and records management; and case management, citizen engagement, and consumer education. Its Human Services segment provides national, state, and local human services agencies with various BPS and related consulting services for welfare-to-work, child support, and higher education.

TypePublic
Founded1975
HQReston, US
Websitemaximus.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Sept 2019)29,600(+60%)
Job Openings320
Revenue (FY, 2019)$2.9 B(+21%)
Share Price (Sept 2020)$66.6 (-2%)
Cybersecurity ratingCMore

Key People/Management at Maximus

Bruce Caswell

Bruce Caswell

President and Chief Executive Officer
John Boyer

John Boyer

Chairman, MAXIMUS Foundation
Rick Nadeau

Rick Nadeau

Chief Financial Officer and Treasurer
Kim Colbeck

Kim Colbeck

Vice President, Human Capital, Human Services
Benjamin Coss

Benjamin Coss

Senior Vice President, Health Services
Kenneth Fisher

Kenneth Fisher

Vice President, Health Services
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Maximus Office Locations

Maximus has offices in Reston, Falls Church, Springwood, Victoria and in 5 other locations
Reston, US (HQ)
1891 Metro Center Dr
Falls Church, US
3120 Fairview Park Dr #400
Springwood, AU
141 Barbaralla Dr
Victoria, CA
716 Yates St
Milano, IT
Via di Porta Tenaglia, 1
Varese, IT
Via Monte Santo, 25
Show all (9)

Maximus Financials and Metrics

Maximus Revenue

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Maximus's revenue was reported to be $2.89 b in FY, 2019
USD

Revenue (Q3, 2020)

901.3m

Gross profit (Q3, 2020)

185.6m

Gross profit margin (Q3, 2020), %

20.6%

Net income (Q3, 2020)

64.5m

EBIT (Q3, 2020)

87.3m

Market capitalization (23-Sept-2020)

4.1b

Closing stock price (23-Sept-2020)

66.6

Cash (30-Jun-2020)

81.5m

EV

4.3b
Maximus's current market capitalization is $4.1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

929.6m1.1b1.3b1.7b2.1b2.4b2.5b2.4b2.9b

Revenue growth, %

28%23%14%2%

Cost of goods sold

676.0m762.2m945.2m1.2b1.6b1.8b1.8b1.8b2.2b

Gross profit

253.7m287.9m386.0m452.1m512.7m562.2m611.9m594.4m671.2m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

214.1m227.1m238.3m239.6m243.5m266.4m286.3m326.4m334.3m406.6m439.0m419.9m467.0m481.8m572.3m556.7m606.5m617.1m607.6m622.0m600.4m623.1m1.2b1.8b664.6m736.5m730.7m818.2m818.1m901.3m

Cost of goods sold

158.2m164.1m171.9m179.8m178.7m187.7m209.7m228.9m239.8m300.7m318.3m307.3m347.8m357.4m428.5m446.5m458.8m465.7m462.7m469.7m448.3m471.2m935.2m1.4b505.4m567.1m556.5m642.8m665.0m715.7m

Gross profit

56.0m63.1m66.4m59.8m64.8m78.7m76.5m97.4m94.6m105.9m120.7m112.6m119.3m124.3m143.8m110.2m147.7m151.4m144.8m152.3m152.2m152.0m300.8m455.4m159.3m169.4m174.2m175.5m153.1m185.6m

Gross profit Margin, %

26%28%28%25%27%30%27%30%28%26%27%27%26%26%25%20%24%25%24%24%25%24%24%25%24%23%24%21%19%21%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

173.0m189.3m125.6m158.1m74.7m66.2m166.3m349.2m105.6m

Accounts Receivable

146.9m172.7m394.3m357.6m476.7m

Prepaid Expenses

27.2m38.5m55.6m44.0m62.5m

Inventories

32.0m56.7m60.1m56.7m55.6m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

177.0m183.2m204.0m191.0m229.5m168.9m167.1m187.3m187.9m120.6m131.3m182.9m149.2m114.5m81.9m51.0m60.8m50.6m69.8m94.9m104.4m196.9m253.2m229.0m54.7m46.8m71.1m149.5m126.3m81.5m

Accounts Receivable

114.6m138.2m125.7m149.9m140.7m157.8m198.9m205.4m221.3m486.9m491.6m525.9m511.7m529.9m626.5m

Prepaid Expenses

24.2m26.6m29.4m39.3m38.2m36.7m36.5m49.9m49.7m47.6m53.3m53.3m59.9m

Current Assets

363.4m396.8m411.9m411.8m441.6m417.5m454.2m493.6m502.9m482.9m535.5m554.4m523.5m570.0m583.1m558.1m600.3m563.2m587.5m618.0m589.5m718.8m759.0m739.3m723.0m740.0m739.4m843.9m863.5m979.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

81.2m76.1m116.7m145.4m160.0m180.2m212.2m220.8m240.5m

Depreciation and Amortization

22.8m26.5m35.8m9.3m(13.4m)12.2m62.2m85.5m

Inventories

(2.5m)(2.5m)(6.5m)(2.0m)55.6m

Accounts Payable

7.3m6.5m(28.3m)(7.7m)47.6m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

17.5m35.7m55.6m17.7m32.0m52.5m21.3m53.0m81.1m33.9m75.1m109.2m42.4m81.4m123.6m26.9m76.2m129.0m46.3m99.4m157.2m60.0m115.1m175.3m55.7m117.5m180.5m58.7m86.4m150.8m

Depreciation and Amortization

5.2m10.8m16.5m6.1m11.5m18.5m10.0m17.9m25.8m12.0m23.8m36.3m1.4m3.3m3.1m3.3m3.5m3.4m3.4m5.5m15.0m24.0m9.1m18.0m26.7m

Accounts Payable

3.9m12.3m7.5m7.8m12.3m(3.3m)10.5m8.7m16.5m11.4m(3.2m)(23.7m)26.6m42.1m53.5m2.4m22.3m48.6m

Cash From Operating Activities

29.6m35.4m69.4m27.6m69.0m85.1m9.6m38.9m88.6m41.9m76.5m165.2m56.6m62.1m181.0m1.4m21.9m108.1m59.3m127.2m263.7m87.3m109.3m96.1m
USDQ1, 2011

Financial Leverage

1.5 x
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Maximus Operating Metrics

Maximus's Backlog was reported to be $4b in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$3.80 b$4.60 b$4 b
Show all operating metrics

Maximus Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Maximus Revenue Breakdown

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Maximus revenue breakdown by business segment: 56.3% from Health Services, 22.3% from U.S. Federal Services and 21.4% from Human Services

Maximus revenue breakdown by geographic segment: 14.1% from United Kingdom, 9.5% from Australia, 72.0% from United States and 4.3% from Other

Maximus Online and Social Media Presence

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Maximus News and Updates

Ghana’s tax-driven plan to scan telecom traffic stokes privacy fears

The human rights court in Accra dismissed the concerns of critics who worry that the new system could intercept the content of people’s messages. Ghanaian citizens and political advocates took their government to court over plans to implement a so-called “Common Platform,” a technical system that wo…

A rare winter storm in Rome brought snowball fights to the Vatican

Rome was covered in snow this morning (Feb. 26), a rarity in the Italian capital, which typically enjoys mild Mediterranean winters. Reportedly the biggest snowfall…

How Maharashtrian is Mumbai, really?

Figures differ and are controversial but everyone broadly agrees that something like 60% of the population of Mumbai comprises non-Maharashtrians. The state’s politicians say that…

Mobile Crushers and Screeners Market to Witness an Outstanding Growth by 2025

The ever-growing population and the quick pace of urbanization has triggered the need for metal & mineral products and construction facilities. Posted via Industry Today. Follow us on Twitter @IndustryToday

Maximus Blogs

Friday Five: Bipartisan bill proposes expanding Pell Grants to cover short-term job training

In this week’s Friday Five, MAXIMUS is reading about Maryland’s approved Medicaid waiver; a bipartisan effort to fill the skills gap; how automation could address a shrinking federal workforce; and why one county is encouraging greater SNAP participation among eligible residents. 1. CMS gives the O…

Friday Five: Proposed federal budget could dramatically impact Medicaid and SNAP

In this week’s Friday Five, MAXIMUS is reading about the Administration’s proposed 2020 federal budget, growing medical care needs for an aging population, a ridesharing proposal to address care access for Medicaid patients, and how robotic process automation could lead to additional AI initiatives…

Friday Five: Emerging technologies likely to impact both older adults and the workforce

In this week’s Friday Five, MAXIMUS is reading about growth in the American workforce, a potential Medicaid compromise in Idaho, how technology can help the aging population, robotic process automation, and obstacles to innovation within government IT. 1. A hot US job market is coaxing people in fr…

Friday Five: The aging population will need more in-home services: How will states adapt?

In this week’s Friday Five, MAXIMUS is reading about the aging population in Appalachia, models of success in addressing social determinants of health, an increase in robotic process automation use, and Wyoming’s final vote against Medicaid work requirements. 1. Aging in Appalachia: State programs …

Friday Five: Federal government continues push to integrate technology and data

In this week’s Friday Five, MAXIMUS is reading about Medicaid expansion in Nebraska, how the aging population is changing the world, how robotic process automation (RPA) adoption could help balance budgets, how the Feds are closing the skills gap, and the call for increased participation in home vi…

Friday Five: Utah’s Medicaid proposal is unique, but needs approval from the federal government

In this week’s Friday Five, MAXIMUS is reading about Utah’s unique Medicaid expansion proposal, healthcare costs, how the feds are applying robotic process automation (RPA), President Trump’s executive order on artificial intelligence, and veterans receiving access to health records on their phones…
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Maximus Frequently Asked Questions

  • When was Maximus founded?

    Maximus was founded in 1975.

  • Who are Maximus key executives?

    Maximus's key executives are Bruce Caswell, John Boyer and Rick Nadeau.

  • How many employees does Maximus have?

    Maximus has 29,600 employees.

  • What is Maximus revenue?

    Latest Maximus annual revenue is $2.9 b.

  • What is Maximus revenue per employee?

    Latest Maximus revenue per employee is $97.5 k.

  • Who are Maximus competitors?

    Competitors of Maximus include Navigant Consulting, Deloitte and KPMG.

  • Where is Maximus headquarters?

    Maximus headquarters is located at 1891 Metro Center Dr, Reston.

  • Where are Maximus offices?

    Maximus has offices in Reston, Falls Church, Springwood, Victoria and in 5 other locations.

  • How many offices does Maximus have?

    Maximus has 9 offices.