MAXIMUS, INC. (MMS)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Assets4,069,639,000$4,462,293,000$4,199,772,000$4,058,760,000$4,131,508,000$3,999,790,000$4,041,144,000$4,016,861,000$3,985,797,000$3,943,184,000$3,898,856,000$4,234,915,000$3,992,714,000$4,057,923,000$4,107,696,000$4,181,868,000$4,118,965,000$4,370,593,000$2,441,395,000$2,066,233,000$2,024,702,000$2,062,986,000$1,960,406,000$1,989,791,000$1,745,732,000$1,690,906,000$1,687,716,000$1,669,302,000$1,462,000,000$1,401,059,000$1,430,500,000$1,401,530,000$1,350,662,000$1,283,495,000$1,316,486,000$1,296,337,000$1,348,819,000$1,298,093,000$1,342,813,000$1,275,535,000$1,271,558,000$1,275,645,000$954,961,000$892,252,000$900,996,000$922,080,000$896,979,000$844,200,000$
Total Current Assets1,252,924,000$1,605,031,000$1,328,267,000$1,165,378,000$1,200,544,000$1,078,291,000$1,118,453,000$1,109,619,000$1,055,466,000$996,036,000$951,904,000$1,256,087,000$1,032,313,000$1,071,584,000$1,090,500,000$1,148,329,000$1,079,494,000$1,307,362,000$932,137,000$986,827,000$932,558,000$979,512,000$863,453,000$843,908,000$789,425,000$739,378,000$740,010,000$723,024,000$808,632,000$739,276,000$759,032,000$718,849,000$657,242,000$589,539,000$617,961,000$587,455,000$620,980,000$563,217,000$600,263,000$558,117,000$561,907,000$583,087,000$570,009,000$523,470,000$532,460,000$554,400,000$535,452,000$482,859,000$
Cash and Cash Equivalents222,351,000$59,777,000$108,059,000$72,653,000$183,123,000$102,794,000$77,370,000$104,186,000$65,405,000$35,007,000$56,344,000$63,050,000$40,658,000$93,748,000$92,638,000$181,790,000$135,061,000$96,110,000$101,683,000$132,597,000$71,737,000$81,548,000$126,257,000$149,515,000$105,565,000$71,084,000$46,799,000$54,736,000$349,245,000$229,021,000$253,227,000$196,905,000$166,252,000$104,378,000$94,862,000$69,767,000$66,199,000$50,609,000$60,783,000$50,958,000$74,672,000$81,877,000$114,535,000$149,196,000$158,112,000$182,942,000$131,323,000$120,584,000$
Receivables1,130,000,000$760,400,000$782,800,000$786,200,000$829,700,000$
Other Current Assets
Assets Held for Sale in Short Term
Total Noncurrent Assets2,816,715,000$2,857,262,000$2,871,505,000$2,893,382,000$2,930,964,000$2,921,499,000$2,922,691,000$2,907,242,000$2,930,331,000$2,947,148,000$2,946,952,000$2,978,828,000$2,960,401,000$2,986,339,000$3,017,196,000$3,033,539,000$3,039,471,000$3,063,231,000$1,509,258,000$1,079,406,000$1,092,144,000$1,083,474,000$1,096,953,000$1,145,883,000$956,307,000$951,528,000$947,706,000$946,278,000$653,368,000$661,783,000$671,468,000$682,681,000$693,420,000$693,956,000$698,525,000$708,882,000$727,839,000$734,876,000$742,550,000$717,418,000$709,651,000$692,558,000$384,952,000$368,782,000$368,536,000$367,680,000$361,527,000$361,341,000$
Goodwill1,782,095,000$1,782,836,000$1,780,726,000$1,779,682,000$1,782,871,000$1,780,299,000$1,780,158,000$1,781,092,000$1,779,215,000$1,780,884,000$1,780,200,000$1,783,239,000$1,779,415,000$1,783,870,000$1,780,370,000$1,776,239,000$1,774,406,000$1,757,795,000$899,796,000$595,927,000$593,129,000$586,757,000$585,772,000$586,659,000$584,469,000$583,703,000$587,751,000$585,735,000$399,882,000$400,904,000$405,082,000$403,261,000$402,976,000$397,386,000$395,011,000$393,480,000$397,558,000$398,929,000$401,152,000$387,118,000$376,302,000$379,895,000$162,214,000$166,470,000$170,626,000$175,471,000$173,191,000$172,216,000$
Other Intangible Assets538,266,000$561,566,000$584,229,000$607,033,000$630,569,000$653,386,000$676,909,000$680,309,000$703,648,000$727,956,000$751,194,000$782,821,000$804,904,000$829,179,000$851,564,000$871,761,000$879,168,000$892,487,000$240,463,000$140,484,000$145,893,000$151,115,000$161,091,000$171,077,000$179,250,000$185,965,000$195,354,000$204,553,000$88,035,000$90,693,000$94,109,000$96,138,000$98,769,000$99,487,000$101,645,000$104,809,000$109,027,000$112,966,000$117,732,000$99,600,000$102,358,000$106,621,000$34,031,000$36,630,000$39,239,000$42,117,000$42,974,000$41,017,000$
Physical Assets30,972,000$34,536,000$34,883,000$37,905,000$38,977,000$35,020,000$35,371,000$34,976,000$38,831,000$44,808,000$46,915,000$50,181,000$52,258,000$55,908,000$57,945,000$53,627,000$62,627,000$67,794,000$62,087,000$62,548,000$66,721,000$73,319,000$80,843,000$92,377,000$99,589,000$84,694,000$76,693,000$81,352,000$77,544,000$84,944,000$90,741,000$95,931,000$101,651,000$106,622,000$112,882,000$121,799,000$131,569,000$136,295,000$137,493,000$138,131,000$137,830,000$118,169,000$103,234,000$83,355,000$80,246,000$71,961,000$70,982,000$73,333,000$
Other Noncurrent Assets12,513,000$15,289,000$19,027,000$23,242,000$27,130,000$31,823,000$36,880,000$34,637,000$46,147,000$48,819,000$39,205,000$41,661,000$42,447,000$38,131,000$34,036,000$19,257,000$16,839,000$27,905,000$10,457,000$10,699,000$11,584,000$8,244,000$8,320,000$8,578,000$8,615,000$10,197,000$10,309,000$6,637,000$9,959,000$8,152,000$6,934,000$10,316,000$10,739,000$10,347,000$9,910,000$10,072,000$9,413,000$11,573,000$10,635,000$11,442,000$11,184,000$12,467,000$10,154,000$8,615,000$9,519,000$10,090,000$8,950,000$9,363,000$
Assets Held for Sale in Long Term
Total Liabilities2,395,604,000$2,689,257,000$2,532,298,000$2,411,911,000$2,288,693,000$2,181,075,000$2,252,001,000$2,299,055,000$2,317,962,000$2,310,331,000$2,297,134,000$2,653,908,000$2,443,343,000$2,536,361,000$2,553,480,000$2,653,442,000$2,638,636,000$2,917,146,000$1,071,490,000$767,922,000$782,883,000$868,039,000$821,938,000$690,786,000$497,531,000$476,007,000$520,135,000$551,923,000$375,581,000$345,312,000$364,172,000$393,878,000$404,894,000$393,404,000$493,076,000$533,965,000$595,679,000$592,572,000$679,372,000$662,793,000$655,859,000$635,247,000$366,732,000$333,811,000$344,811,000$333,578,000$325,343,000$305,088,000$
Total Current Liabilities765,163,000$706,151,000$721,237,000$678,925,000$807,529,000$680,043,000$728,716,000$658,366,000$723,014,000$683,301,000$681,175,000$746,222,000$774,447,000$730,206,000$753,266,000$710,792,000$789,433,000$860,604,000$593,724,000$547,400,000$561,168,000$502,544,000$438,332,000$432,708,000$364,238,000$356,699,000$320,761,000$312,226,000$277,449,000$244,046,000$279,351,000$279,256,000$316,266,000$285,450,000$298,375,000$289,112,000$340,756,000$300,862,000$307,357,000$319,276,000$356,380,000$365,968,000$272,821,000$253,953,000$265,321,000$261,376,000$255,999,000$233,716,000$
Accounts Payable
Short Term Debt
Short Term Capital Lease Obligations38,605,000$39,882,000$38,788,000$38,013,000$47,656,000$47,992,000$48,470,000$48,490,000$49,852,000$53,385,000$55,928,000$59,553,000$63,999,000$67,680,000$70,731,000$70,345,000$76,077,000$82,572,000$79,430,000$72,482,000$80,748,000$74,878,000$78,656,000$88,276,000$
Other Current Liabilities
Total Noncurrent Liabilities1,630,441,000$1,983,106,000$1,811,061,000$1,732,986,000$1,481,164,000$1,501,032,000$1,523,285,000$1,640,689,000$1,594,948,000$1,627,030,000$1,615,959,000$1,907,686,000$1,668,896,000$1,806,155,000$1,800,214,000$1,942,650,000$1,849,203,000$2,056,542,000$477,766,000$220,522,000$221,715,000$365,495,000$383,606,000$258,078,000$133,293,000$119,308,000$199,374,000$239,697,000$98,132,000$101,266,000$84,821,000$114,622,000$88,628,000$107,954,000$194,701,000$244,853,000$254,923,000$291,710,000$372,015,000$343,517,000$299,479,000$269,279,000$93,911,000$79,858,000$79,490,000$72,202,000$69,344,000$71,372,000$
Long Term Debt1,281,593,000$1,608,982,000$1,445,746,000$1,353,217,000$1,091,954,000$1,100,701,000$1,121,337,000$1,222,243,000$1,163,149,000$1,223,133,000$1,205,028,000$1,486,975,000$1,292,483,000$1,423,276,000$1,387,386,000$1,515,089,000$1,429,137,000$1,633,135,000$250,601,000$18,481,000$18,017,000$145,161,000$150,155,000$231,000$268,000$75,295,000$120,321,000$374,000$12,050,000$527,000$15,540,000$115,559,000$150,292,000$165,338,000$210,683,000$286,017,000$244,955,000$210,618,000$166,844,000$1,060,000$1,150,000$1,149,000$1,229,000$
Long Term Capital Lease Obligations71,289,000$83,390,000$88,487,000$89,743,000$97,221,000$101,911,000$112,780,000$118,594,000$129,367,000$120,766,000$121,957,000$119,081,000$86,175,000$93,035,000$106,670,000$119,654,000$121,771,000$118,341,000$110,124,000$95,678,000$104,011,000$103,236,000$109,339,000$126,197,000$
Other Noncurrent Liabilities22,637,000$21,582,000$21,444,000$18,331,000$20,195,000$6,467,000$9,365,000$12,807,000$13,253,000$13,763,000$18,413,000$23,773,000$22,515,000$30,629,000$31,958,000$29,678,000$20,320,000$20,765,000$8,995,000$9,214,000$8,985,000$8,174,000$10,118,000$11,690,000$20,082,000$13,147,000$15,487,000$15,715,000$17,864,000$17,221,000$19,118,000$18,232,000$9,633,000$9,122,000$8,740,000$8,911,000$8,753,000$8,594,000$9,203,000$9,331,000$8,726,000$8,252,000$6,326,000$6,867,000$6,022,000$6,609,000$24,969,000$22,988,000$
Total Equity1,674,035,000$1,773,036,000$1,667,474,000$1,646,849,000$1,842,815,000$1,818,715,000$1,789,143,000$1,717,806,000$1,667,835,000$1,632,853,000$1,601,722,000$1,581,007,000$1,549,371,000$1,521,562,000$1,554,216,000$1,528,426,000$1,480,329,000$1,453,447,000$1,369,905,000$1,298,311,000$1,241,819,000$1,194,947,000$1,138,468,000$1,299,005,000$1,248,201,000$1,214,899,000$1,167,581,000$1,117,379,000$1,086,419,000$1,055,747,000$1,066,328,000$1,007,652,000$945,768,000$890,091,000$823,410,000$762,372,000$753,140,000$705,521,000$663,441,000$612,742,000$615,699,000$640,398,000$588,229,000$558,441,000$556,185,000$588,809,000$571,653,000$538,876,000$
Equity to Minority409,000$455,000$2,624,000$3,105,000$2,552,000$3,888,000$3,748,000$6,544,000$5,683,000$4,479,000$3,689,000$3,107,000$4,059,000$3,615,000$4,150,000$3,594,000$3,321,000$2,346,000$857,000$712,000$223,000$
Equity to Common Shareholders1,674,035,000$1,773,036,000$1,667,474,000$1,646,849,000$1,842,815,000$1,818,715,000$1,789,143,000$1,717,806,000$1,667,835,000$1,632,853,000$1,601,722,000$1,581,007,000$1,549,371,000$1,521,562,000$1,554,216,000$1,528,426,000$1,480,329,000$1,453,447,000$1,369,905,000$1,298,311,000$1,241,819,000$1,194,947,000$1,138,468,000$1,299,005,000$1,247,792,000$1,214,444,000$1,164,957,000$1,114,597,000$1,083,867,000$1,051,859,000$1,062,580,000$1,001,108,000$940,085,000$885,612,000$819,721,000$759,265,000$749,081,000$701,906,000$659,291,000$609,148,000$612,378,000$638,052,000$587,372,000$557,729,000$555,962,000$588,502,000$571,636,000$539,112,000$
Additional Paid-In Capital
Retained Earnings1,063,784,000$1,158,169,000$1,069,534,000$1,063,151,000$1,276,971,000$1,245,362,000$1,224,905,000$1,163,116,000$1,117,552,000$1,075,826,000$1,062,393,000$1,048,034,000$1,025,354,000$995,897,000$1,030,086,000$1,022,158,000$987,826,000$953,488,000$876,645,000$813,669,000$770,498,000$724,431,000$677,561,000$833,308,000$794,739,000$752,370,000$705,824,000$666,210,000$633,281,000$594,901,000$599,630,000$547,151,000$492,112,000$441,795,000$387,881,000$338,460,000$323,571,000$275,846,000$228,834,000$183,063,000$188,611,000$208,404,000$169,802,000$134,057,000$125,875,000$144,954,000$139,448,000$114,407,000$
Treasury Stock
Capital Lease Obligations144,877,000$179,219,000$150,174,000$197,848,000$168,160,000$184,759,000$178,114,000$187,995,000$207,245,000$