Maximus (MMS) stock price, revenue, and financials

Maximus market cap is $4.7 b, and annual revenue was $2.39 b in FY 2018

$4.7 B

MMS Mkt cap, 10-Jun-2019

$730.7 M

Maximus Revenue Q3, 2019
Maximus Gross profit (Q3, 2019)174.2 M
Maximus Gross profit margin (Q3, 2019), %23.8%
Maximus Net income (Q3, 2019)63 M
Maximus EBIT (Q3, 2019)83.6 M
Maximus Cash, 30-Jun-201971.1 M
Maximus EV4.7 B

Maximus Revenue

Maximus revenue was $2.39 b in FY, 2018

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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 Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.3b1.7b2.1b2.4b2.5b2.4b

Revenue growth, %

28%23%14%2%

Cost of goods sold

945.2m1.2b1.6b1.8b1.8b1.8b

Gross profit

386.0m452.1m512.7m562.2m611.9m594.4m

Gross profit Margin, %

29%27%24%23%25%25%

General and administrative expense

284.5m285.2m

Operating expense total

284.5m285.2m

Depreciation and amortization

12.2m10.3m

EBIT

225.3m259.8m286.6m313.5m295.5m

EBIT margin, %

13%12%12%13%12%

Interest expense

1.4m4.1m2.2m1.0m

Interest income

2.9m2.1m

Pre tax profit

189.1m227.4m259.8m286.0m314.2m299.2m

Income tax expense

71.9m82.0m99.8m105.8m102.1m78.4m

Net Income

116.7m145.4m160.0m180.2m212.2m220.8m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

406.6m439.0m419.9m467.0m481.8m572.3m556.7m606.5m617.1m607.6m622.0m600.4m623.1m1.2b1.8b664.6m736.5m730.7m

Cost of goods sold

300.7m318.3m307.3m347.8m357.4m428.5m446.5m458.8m465.7m462.7m469.7m448.3m471.2m935.2m1.4b505.4m567.1m556.5m

Gross profit

105.9m120.7m112.6m119.3m124.3m143.8m110.2m147.7m151.4m144.8m152.3m152.2m152.0m300.8m455.4m159.3m169.4m174.2m

Gross profit Margin, %

26%27%27%26%26%25%20%24%25%24%24%25%24%24%25%24%23%24%

General and administrative expense

52.6m55.1m57.3m54.0m59.4m67.0m64.2m66.0m69.7m65.4m68.6m68.3m69.6m142.1m211.7m79.7m78.1m81.6m

Operating expense total

52.6m55.1m57.3m54.0m59.4m67.0m64.2m66.0m69.7m65.4m68.6m68.3m69.6m142.1m211.7m79.7m78.1m81.6m

Depreciation and amortization

2.7m5.3m7.8m5.5m9.5m9.0m

EBIT

65.2m62.0m71.1m42.8m77.9m84.6m73.8m80.3m81.8m79.7m151.0m233.6m74.1m81.8m83.6m

EBIT margin, %

14%13%12%8%13%14%12%13%14%13%12%13%11%11%11%

Interest expense

989.0k1.3m1.0m849.0k744.0k458.0k168.0k325.0k410.0k625.0k1.6m420.0k

Interest income

721.0k183.0k9.0k901.0k219.0k

Pre tax profit

54.0m65.1m55.3m66.1m62.2m70.4m42.9m78.8m83.6m73.2m80.0m82.7m79.8m152.4m237.1m75.6m80.7m83.7m

Income tax expense

20.2m24.0m21.2m23.8m23.2m28.1m16.0m29.5m30.9m26.9m26.9m24.9m19.9m37.3m61.8m19.8m18.9m20.8m

Net Income

33.9m41.2m34.1m42.4m39.0m42.3m26.9m49.3m52.8m46.3m53.1m57.8m60.0m115.1m175.3m55.7m61.8m63.0m

Maximus Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

125.6m158.1m74.7m66.2m166.3m349.2m

Accounts Receivable

394.3m

Prepaid Expenses

55.6m

Inventories

32.0m56.7m60.1m56.7m55.6m

Current Assets

489.6m532.5m580.9m621.0m657.2m808.6m

PP&E

77.7m80.2m137.8m131.6m101.7m77.5m

Goodwill

171.9m170.6m376.3m397.6m403.0m399.9m

Total Assets

858.0m901.0m1.3b1.3b1.4b1.5b

Accounts Payable

150.7m122.1m114.4m

Short-term debt

170.0k

Current Liabilities

262.3m265.3m356.4m340.8m316.3m277.4m

Long-term debt

1.3m210.6m165.3m527.0k

Total Debt

1.5m210.6m165.3m527.0k

Total Liabilities

595.7m404.9m375.6m

Retained Earnings

106.3m125.9m188.6m323.6m492.1m633.3m

Total Equity

529.5m556.2m615.7m753.1m945.8m1.1b

Debt to Equity Ratio

0 x0.2 x0 x

Debt to Assets Ratio

0 x0.1 x0 x

Financial Leverage

1.6 x1.6 x2.1 x1.8 x1.4 x1.3 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

120.6m131.3m182.9m149.2m114.5m81.9m51.0m60.8m50.6m69.8m94.9m104.4m196.9m253.2m229.0m54.7m46.8m71.1m

Current Assets

482.9m535.5m554.4m523.5m570.0m583.1m558.1m600.3m563.2m587.5m618.0m589.5m718.8m759.0m739.3m723.0m740.0m739.4m

PP&E

73.3m71.0m72.0m83.4m103.2m118.2m138.1m137.5m136.3m121.8m112.9m106.6m95.9m90.7m84.9m81.4m76.7m84.7m

Goodwill

172.2m173.2m175.5m166.5m162.2m379.9m387.1m401.2m398.9m393.5m395.0m397.4m403.3m405.1m400.9m585.7m587.8m583.7m

Total Assets

844.2m897.0m922.1m892.3m955.0m1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.4b1.4b1.4b1.7b1.7b1.7b

Accounts Payable

105.7m109.7m101.3m113.7m126.1m164.5m161.9m135.7m133.2m134.5m130.5m111.9m133.4m119.6m98.5m152.5m169.1m182.6m

Short-term debt

164.0k158.0k164.0k

Current Liabilities

233.7m256.0m261.4m254.0m272.8m366.0m319.3m307.4m300.9m289.1m298.4m285.5m279.3m279.4m244.0m312.2m320.8m356.7m

Long-term debt

1.2m1.1m1.2m166.8m245.0m286.0m210.7m150.3m115.6m15.5m12.1m120.3m75.3m268.0k

Total Debt

1.4m1.3m1.3m166.8m245.0m286.0m210.7m150.3m115.6m15.5m12.1m120.3m75.3m268.0k

Total Liabilities

305.1m325.3m333.6m333.8m366.7m635.2m662.8m679.4m592.6m534.0m493.1m393.4m393.9m364.2m345.3m551.9m520.1m476.0m

Retained Earnings

114.4m139.4m145.0m134.1m169.8m208.4m183.1m228.8m275.8m338.5m387.9m441.8m547.2m599.6m594.9m664.3m705.8m752.4m

Total Equity

539.1m571.6m588.5m558.4m588.2m640.4m612.7m663.4m705.5m762.4m823.4m890.1m1.0b1.1b1.1b1.1b1.2b1.2b

Debt to Equity Ratio

0 x0 x0 x0.3 x0.4 x0.4 x0.3 x0.2 x0.1 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0.1 x0.2 x0.2 x0.2 x0.1 x0.1 x0 x0 x

Financial Leverage

1.6 x1.6 x1.6 x1.6 x1.6 x2 x2.1 x2 x1.8 x1.7 x1.6 x1.4 x1.4 x1.3 x1.3 x1.5 x1.4 x1.4 x

Maximus Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

116.7m145.4m160.0m180.2m212.2m220.8m

Depreciation and Amortization

35.8m9.3m(13.4m)12.2m

Accounts Receivable

53.0m

Inventories

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

Accounts Payable

(28.3m)(7.7m)

Cash From Operating Activities

120.9m213.6m206.2m180.0m337.2m323.5m

Purchases of PP&E

(43.6m)(36.3m)(99.0m)(24.2m)

Cash From Investing Activities

(25.2m)(46.3m)

Long-term Borrowings

(172.0k)(15.2m)(121.6m)

Dividends Paid

(12.3m)(12.2m)(11.9m)(11.7m)

Cash From Financing Activities

(215.4m)(91.9m)

Net Change in Cash

100.1m

Income Taxes Paid

2.0m(11.0m)9.1m(13.1m)8.9m7.3m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

33.9m75.1m109.2m42.4m81.4m123.6m26.9m76.2m129.0m46.3m99.4m157.2m60.0m115.1m175.3m55.7m117.5m180.5m

Depreciation and Amortization

12.0m23.8m36.3m1.4m3.3m3.1m3.3m3.5m3.4m3.4m

Accounts Payable

11.4m(3.2m)(23.7m)26.6m42.1m53.5m

Cash From Operating Activities

41.9m76.5m165.2m56.6m62.1m181.0m1.4m21.9m108.1m

Purchases of PP&E

(4.4m)(9.5m)(18.4m)(12.8m)(44.2m)(68.2m)(9.7m)(421.8m)(422.0m)

Cash From Investing Activities

(411.7m)(420.1m)(440.7m)

Long-term Borrowings

(42.0k)(15.1m)(15.1m)(39.0k)

Dividends Paid

(3.1m)(6.1m)(9.2m)(3.0m)(5.9m)(9.0m)(2.9m)(5.9m)

Cash From Financing Activities

(8.6m)(99.6m)

Income Taxes Paid

6.1m10.2m6.2m18.8m19.6m37.5m(3.0m)(22.6m)(965.0k)16.9m20.7m5.4m9.6m18.6m5.9m(3.8m)(16.5m)3.1m

Maximus Ratios

USDY, 2019

EV/EBIT

59.8 x

Financial Leverage

1.4 x

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

Maximus Employee Rating

2.91555 votes
Culture & Values
2.5
Work/Life Balance
2.8
Senior Management
2.4
Salary & Benefits
2.6
Career Opportunities
2.6
Source