MMS FINANCIAL STATEMENTS

Maximus Inc — balance sheet, income statement and cash flow trends

MMSMaximus Inc

🇺🇸 USA · NYSE · Industrials · Specialty Business Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue5.3 B $-1.4%

Gross Profit1.3 B $+7.2%

Operating Income575 M $+7.9%

EBITDA719.9 M $+15.8%

Net Income373.3 M $+24.4%

Peer Comparison· Specialty Business Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
MMS	-1.4%	23.8%	13.5%	7.0%
BXB	3.4%	13.2%	28.9%	13.8%
WKL	3.5%	69.5%	32.4%	21.4%
REL	1.7%	63.7%	38.4%	21.5%
TRI	5.4%	68.9%	41.1%	19.8%
RTO	-5.7%	83.1%	18.9%	3.7%
Industry median	3.4%	36.3%	18.9%	4.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
MMS	-1.4%	23.8%	13.5%	7.0%
ABM	6.5%	11.5%	4.7%	1.8%
FA	53.5%	36.3%	25.6%	0.5%
CMPR	8.8%	46.8%	10.4%	1.2%
CBZ	28.3%	12.8%	18.9%	5.6%
AZZ	4.6%	23.9%	34.3%	19.2%
Industry median	3.4%	36.3%	18.9%	4.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity1.7 B $40%
Current Liabilities681.7 M $16%
Long-term Liabilities1.9 B $44%

Key Figures

YoY change

Total Assets4.2 B $+0.9%

Total Liabilities2.5 B $+0.4%

Total Equity1.7 B $+1.8%

Cash & ST Investments244.7 M $+56.9%

Total Debt1.6 B $+0.5%

Net Debt1.4 B $-5.5%

Peer Comparison· Specialty Business Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
MMS	2.21	95.9%	1.92	40.0%
BXB	0.67	108.6%	1.74	37.5%
WKL	0.65	643.0%	2.11	8.3%
REL	0.49	310.0%	1.95	16.0%
TRI	0.60	22.7%	0.70	65.8%
RTO	1.16	111.5%	2.93	38.1%
Industry median	1.16	58.8%	1.95	40.9%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
MMS	2.21	95.9%	1.92	40.0%
ABM	1.46	112.7%	4.40	31.0%
FA	2.65	159.6%	4.47	34.5%
CMPR	0.68	-333.1%	4.08	-25.5%
CBZ	1.22	105.1%	3.75	40.9%
AZZ	1.70	40.3%	0.95	60.4%
Industry median	1.16	58.8%	1.95	40.9%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow411.8 M $+26.4%

Capital Expenditures39.8 M $-62.8%

Free Cash Flow372 M $+69.8%

Dividends Paid-67.9 M $-195.3%

Peer Comparison· Specialty Business Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
MMS	7.7%	7.0%	0.7%	110.3%
BXB	29.2%	14.3%	14.9%	211.9%
WKL	27.2%	22.3%	4.9%	127.6%
REL	30.0%	29.7%	0.2%	139.3%
TRI	35.4%	27.0%	8.3%	178.8%
RTO	14.2%	9.3%	2.5%	387.9%
Industry median	15.1%	12.6%	3.8%	162.1%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
MMS	7.7%	7.0%	0.7%	110.3%
ABM	4.8%	3.7%	1.1%	275.4%
FA	14.0%	13.6%	1.6%	2,636.3%
CMPR	7.7%	5.1%	2.6%	618.5%
CBZ	9.2%	8.7%	0.5%	165.4%
AZZ	31.8%	26.9%	4.9%	165.6%
Industry median	15.1%	12.6%	3.8%	162.1%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.