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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.
1975
41.1K+
LTM Revenue $5.3B
LTM EBITDA n/a
$5.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Maximus has a last 12-month revenue of $5.3B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Maximus achieved revenue of $5.3B and an EBITDA of $614M.
Maximus expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Maximus valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.9B | $5.3B | XXX | XXX | XXX |
| Gross Profit | $940M | $1.0B | XXX | XXX | XXX |
| Gross Margin | 19% | 19% | XXX | XXX | XXX |
| EBITDA | $444M | $614M | XXX | XXX | XXX |
| EBITDA Margin | 9% | 12% | XXX | XXX | XXX |
| Net Profit | $204M | $162M | XXX | XXX | XXX |
| Net Margin | 4% | 3% | XXX | XXX | XXX |
| Net Debt | $1.3B | $1.2B | XXX | XXX | XXX |
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As of March 14, 2025, Maximus's stock price is $67.
Maximus has current market cap of $3.8B, and EV of $5.2B.
See Maximus trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.2B | $3.8B | XXX | XXX | XXX | XXX | $6.11 |
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Sign UpAs of March 14, 2025, Maximus has market cap of $3.8B and EV of $5.2B.
Maximus's trades at 1.0x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Maximus's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Maximus and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.2B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.6x | XXX | XXX | XXX |
| P/E | 13.0x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 13.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMaximus's NTM/LTM revenue growth is 1%
Maximus's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $19K for the same period.
Over next 12 months, Maximus's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Maximus's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Maximus and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 38% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 13% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $19K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 14% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Appen | XXX | XXX | XXX | XXX | XXX | XXX |
| RPMGlobal | XXX | XXX | XXX | XXX | XXX | XXX |
| Bluebik Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Business Online | XXX | XXX | XXX | XXX | XXX | XXX |
| Mphasis | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Maximus acquired XXX companies to date.
Last acquisition by Maximus was XXXXXXXX, XXXXX XXXXX XXXXXX . Maximus acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Maximus founded? | Maximus was founded in 1975. |
| Where is Maximus headquartered? | Maximus is headquartered in United States of America. |
| How many employees does Maximus have? | As of today, Maximus has 41.1K+ employees. |
| Who is the CEO of Maximus? | Maximus's CEO is Mr. Bruce L. Caswell. |
| Is Maximus publicy listed? | Yes, Maximus is a public company listed on NYS. |
| 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? | Similar companies to Maximus include e.g. Appen, RPMGlobal, Bluebik Group, Business Online. |
| What is the current market cap of Maximus? | Maximus's current market cap is $3.8B |
| What is the current revenue of Maximus? | Maximus's last 12-month revenue is $5.3B. |
| What is the current EV/Revenue multiple of Maximus? | Current revenue multiple of Maximus is 1.0x. |
| What is the current revenue growth of Maximus? | Maximus revenue growth between 2023 and 2024 was 8%. |
| Is Maximus profitable? | Yes, Maximus is EBITDA-positive (as of the last 12 months). |
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