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Maximus Valuation Multiples
Discover revenue and EBITDA valuation multiples for Maximus and similar public comparables like Serco Group, BayCurrent, FTI Consulting, DKSH Holding and more.
Maximus Overview
About Maximus
Maximus Inc designs, develops, and delivers programs enabling people to access vital government services. It translates health and human services public policy into operating models that achieve outcomes for governments at scale. The company covers a broad array of services, including the operation of large health insurance eligibility and enrollment programs; clinical services, including assessments, appeals, and independent medical reviews; and technology services. The company operates through the following segments: U.S. Federal Services, U.S. Services, and Outside the U.S. A majority of its revenue is derived from the U.S. Federal Services segment, which engages with various U.S. federal government agencies to deliver clinical services, maintenance services, and technology solutions.
Founded
1975
HQ
Employees
37.2K
Website
Sectors
Financials (LTM)
EV
$6B
Maximus Financials
Maximus reported last 12-month revenue of $5B.
In the same LTM period, Maximus generated $1B in gross profit and $364M in net income.
Revenue (LTM)
Maximus P&L
In the most recent fiscal year, Maximus reported revenue of $5B and EBITDA of $663M.
Maximus expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA | — | XXX | $663M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $364M | XXX | $319M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Maximus Stock Performance
Maximus has current market cap of $4B, and enterprise value of $6B.
Market Cap Evolution
Maximus' stock price is $73.87.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $4B | 0.0% | XXX | XXX | XXX | $5.85 |
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Start Free TrialMaximus Valuation Multiples
Maximus trades at 1.0x EV/Revenue multiple, and 8.4x EV/EBITDA.
EV / Revenue (LTM)
Maximus Financial Valuation Multiples
As of March 22, 2026, Maximus has market cap of $4B and EV of $6B.
Equity research analysts estimate Maximus' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Maximus has a P/E ratio of 11.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 8.1x | XXX | 8.4x | XXX | XXX | XXX |
| EV/Gross Profit | 4.2x | XXX | 4.2x | XXX | XXX | XXX |
| P/E | 11.1x | XXX | 12.6x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 15.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Maximus Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Maximus Margins & Growth Rates
Maximus' revenue in the last 12 month grew by 2%.
Maximus' revenue per employee in the last FY averaged $0.1M.
Maximus Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Maximus Public Comps
See public comps and valuation multiples for other Business Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Serco Group | XXX | XXX | XXX | XXX | XXX | XXX |
| BayCurrent | XXX | XXX | XXX | XXX | XXX | XXX |
| FTI Consulting | XXX | XXX | XXX | XXX | XXX | XXX |
| DKSH Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Sweco | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Maximus M&A Activity
Maximus acquired XXX companies to date.
Last acquisition by Maximus was on XXXXXXXX, XXXXX. Maximus acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Maximus
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMaximus Investment Activity
Maximus invested in XXX companies to date.
Maximus made its latest investment on XXXXXXXX, XXXXX. Maximus invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Maximus
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Maximus
| When was Maximus founded? | Maximus was founded in 1975. |
| Where is Maximus headquartered? | Maximus is headquartered in United States. |
| How many employees does Maximus have? | As of today, Maximus has over 37K employees. |
| Who is the CEO of Maximus? | Maximus' CEO is Bruce L. Caswell. |
| Is Maximus publicly listed? | Yes, Maximus is a public company listed on NYSE. |
| What is the stock symbol of Maximus? | Maximus trades under MMS ticker. |
| When did Maximus go public? | Maximus went public in 1997. |
| Who are competitors of Maximus? | Maximus main competitors are Serco Group, BayCurrent, FTI Consulting, DKSH Holding. |
| What is the current market cap of Maximus? | Maximus' current market cap is $4B. |
| What is the current revenue of Maximus? | Maximus' last 12 months revenue is $5B. |
| What is the current revenue growth of Maximus? | Maximus revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Maximus? | Current revenue multiple of Maximus is 1.0x. |
| Is Maximus profitable? | Yes, Maximus is net-income-positive (as of the last 12 months). |
| What is the current net income of Maximus? | Maximus' last 12 months net income is $364M. |
| What is the current FCF of Maximus? | Maximus' last 12 months FCF is $425M. |
| What is Maximus' FCF margin? | Maximus' last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Maximus? | Current FCF multiple of Maximus is 13.1x. |
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