Maximus Inc. (MMS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ATTN: TREASURY DEPT. MCLEAN, VA 22102 |
| State of Incorp. | VA |
| Fiscal Year End | September 30 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 MRQ | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 183 | 65 | 41 | 135 | 72 | 106 | |||
| Cash and cash equivalent | 183 | 65 | 41 | 135 | 72 | 106 | |||
| Receivables | 880 | 827 | 807 | 835 | 786 | 497 | |||
| Other undisclosed current assets | 138 | 163 | 185 | 110 | 75 | 186 | |||
| Total current assets: | 1,201 | 1,055 | 1,032 | 1,079 | 933 | 789 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 134 | 164 | 133 | 179 | 177 | ||||
| Property, plant and equipment | 39 | 39 | 52 | 63 | 67 | 100 | |||
| Intangible assets, net (including goodwill) | 2,413 | 2,483 | 2,584 | 2,654 | 739 | 764 | |||
| Goodwill | 1,783 | 1,779 | 1,779 | 1,774 | 593 | 584 | |||
| Intangible assets, net (excluding goodwill) | 631 | 704 | 805 | 879 | 146 | 179 | |||
| Asset, held-in-trust | 56 | 43 | 37 | 47 | 37 | 33 | |||
| Deferred costs | 35 | 26 | 23 | ||||||
| Deferred income tax assets | 15 | 2 | 5 | 1 | 2 | ||||
| Other noncurrent assets | 27 | 46 | 42 | 17 | 12 | 9 | |||
| Other undisclosed noncurrent assets | 212 | 127 | 84 | 79 | 59 | 51 | |||
| Total noncurrent assets: | 2,931 | 2,930 | 2,960 | 3,039 | 1,092 | 956 | |||
| TOTAL ASSETS: | 4,132 | 3,986 | 3,993 | 4,119 | 2,025 | 1,746 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 303 | 282 | 265 | 306 | 253 | 178 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 7 | 5 | 14 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 187 | 137 | 107 | ||
| Accrued liabilities | 264 | 195 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 40 | 87 | 265 | 112 | 111 | 57 | |||
| Deferred revenue | 83 | 60 | 87 | 99 | 52 | ||||
| Debt | 40 | 87 | 63 | 81 | 11 | 10 | |||
| Other liabilities | 70 | 49 | 116 | 35 | 22 | 13 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 43 | ||
| Other undisclosed current liabilities | 311 | 245 | 243 | 270 | 223 | 121 | |||
| Total current liabilities: | 808 | 723 | 774 | 789 | 561 | 364 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,092 | 1,163 | 1,379 | 1,551 | 122 | ||||
| Long-term debt, excluding current maturities | 1,092 | 1,163 | 1,292 | 1,429 | 18 | ||||
| Liabilities, other than long-term debt | 389 | 432 | 290 | 298 | 100 | 87 | |||
| Deferred revenue | 45 | 39 | 21 | 36 | 27 | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 32 | ||
| Deferred compensation liability, classified | 58 | 46 | 40 | 47 | 39 | 34 | |||
| Deferred income tax liabilities | 169 | 204 | 206 | 195 | 25 | ||||
| Other liabilities | 20 | 13 | 23 | 20 | 9 | 20 | |||
| Operating lease, liability | 97 | 129 | 86 | 122 | 104 | ||||
| Other undisclosed noncurrent liabilities | 47 | ||||||||
| Total noncurrent liabilities: | 1,481 | 1,595 | 1,669 | 1,849 | 222 | 133 | |||
| Total liabilities: | 2,289 | 2,318 | 2,443 | 2,639 | 783 | 498 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,245 | 1,090 | 991 | 948 | 1,242 | 1,248 | |||
| Accumulated other comprehensive loss | (32) | (28) | (34) | (40) | (43) | (45) | |||
| Retained earnings | 1,277 | 1,118 | 1,025 | 988 | 770 | 795 | |||
| Other undisclosed equity, attributable to parent | 514 | 498 | |||||||
| Equity, attributable to noncontrolling interest | 0 | ||||||||
| Other undisclosed equity | 598 | 578 | 558 | 532 | |||||
| Total equity: | 1,843 | 1,668 | 1,549 | 1,480 | 1,242 | 1,248 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,132 | 3,986 | 3,993 | 4,119 | 2,025 | 1,746 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,306 | 4,905 | 4,631 | 4,254 | 3,462 | 2,887 | ||
| Cost of revenue | (4,055) | (3,876) | (3,691) | (3,308) | (2,751) | (2,216) | ||
| Gross profit: | 1,252 | 1,029 | 940 | 947 | 711 | 671 | ||
| Operating expenses | (672) | (639) | (534) | (494) | (387) | (321) | ||
| Other undisclosed operating loss | (92) | (95) | (79) | (44) | (36) | (33) | ||
| Operating income: | 488 | 295 | 326 | 409 | 288 | 317 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 0 | (0) | (3) | (10) | 1 | 3 | ||
| Interest and debt expense | (82) | (84) | (46) | (15) | (2) | (3) | ||
| Income from continuing operations before income taxes: | 407 | 210 | 277 | 384 | 287 | 317 | ||
| Income tax expense | (100) | (49) | (73) | (92) | (73) | (77) | ||
| Income from continuing operations: | 307 | 162 | 204 | 291 | 215 | 240 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 204 | 291 | 215 | 240 | |
| Net income: | 307 | 162 | 204 | 291 | 215 | 240 | ||
| Net income attributable to noncontrolling interest | 0 | |||||||
| Net income available to common stockholders, diluted: | 307 | 162 | 204 | 291 | 215 | 241 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 307 | 162 | 204 | 291 | 215 | 240 | ||
| Other comprehensive income (loss) | (5) | 6 | 6 | 3 | ||||
| Other undisclosed comprehensive income (loss) | 3 | (8) | ||||||
| Comprehensive income: | 302 | 168 | 210 | 294 | 217 | 232 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | |||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income, net of tax, attributable to parent: | 302 | 168 | 210 | 294 | 217 | 232 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.