65.64
+0.21%
Close of 9 Nov 2026, in USD
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About Maximus
From its filings with the US Securities and Exchange Commission
Maximus is based in Mclean, Virginia and is incorporated in Virginia. Its shares trade on NYSE under the ticker MMS. The SEC classifies its business as business services, nec. In the fiscal year to 30 September 2025, it reported revenue of $5.43bn and net income of $319.0m. At that date it held total assets of $4.07bn and shareholders' equity of $1.67bn. By business, Program Operations brought in 48.8% of revenue, followed by Clinical Services at 38.7% and Employment & Other at 6.5%.
Maximus, a Virginia corporation established in 1975 and celebrating its 50th anniversary this year, is a leading provider of tech-enabled services to government agencies. By moving people, technology, and government forward, Maximus helps improve the delivery of public services for more than 100 million American citizens, as well as citizens in the U.K., Canada, and the Middle East, amid complex technological, health, economic, and social challenges. As a trusted and accountable partner to primarily U.S. federal and state customers, we proudly design, develop, and deliver innovative and efficient programs that improve government’s effectiveness in serving its citizens.
We create value for our customers through our ability to translate public policy into operating models that achieve outcomes for governments at scale. Our work 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. These services benefit from an industry with increasing demand, constrained government budgets, and an increased focus on technology as governments prioritize modernization. We also demonstrate the ability to move quickly, ranging from digitally enabled contact center support services for natural disaster response to swift establishments of public health and safety initiatives.
Quoted from its 10-K, filed 20 Nov 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- IT Services
- Listed since
- 13 Jun 1997
- Employees
- 37,200
- Website
- maximus.com ↗
- Head office
- ATTN: TREASURY DEPT., MCLEAN, VA, 22102
- Incorporated in
- VA
- Classification
- Services-Business Services, NEC
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. John HaleyIndependent Non-Executive Chairman of the Board$500,000
- Mr. Bruce CaswellPresident, Chief Executive Officer, Director, since 2004$11.2m
- Ms. Anne AltmanIndependent Vice Chairman of the Board$360,000
- Mr. Richard MontoniIndependent Vice Chairman of the Board, since 2002$320,000
- Mr. David MutrynChief Financial Officer, Treasurer$3.9m
- Ms. Michelle LinkChief Human Resources Officer$2.3m
- Ms. Ilene BaylinsonGeneral Manager, U.S. Services$2.7m
- Mr. John MartinezChief Legal Officer, Corporate Secretary$3.1m
- Ms. Jan MadsenIndependent Director$330,000
- Ms. Gayathri RajanIndependent Director$300,000
- Mr. Raymond RuddyIndependent Director, since 1985$335,000
- Mr. Michael WarrenIndependent Director$300,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 66
- Environment
- 27
- Social
- 93
- Governance
- 79
- Direct emissions (scope 1)
- 693 t
- Energy emissions (scope 2)
- 24,913 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Maximus Inc has a strong and experienced management team that brings years of expertise to the table. This enables the company to make informed decisions and develop effective strategies.
- The company has a diverse portfolio of services, which allows it to cater to a wide range of clients and industries. This not only helps in mitigating risk but also offers opportunities for growth.
- Maximus Inc has a strong brand presence and reputation in the market, which enhances its credibility and attracts potential customers and partners.
Weaknesses
- One of the weaknesses of Maximus Inc is its dependence on key clients for a significant portion of its revenue. This poses a risk if any of these clients decide to shift their business elsewhere.
- The company's geographical concentration in certain regions can also be a weakness, as it may limit its access to new markets and expose it to local economic challenges.
- Maximus Inc may face challenges in adapting to rapidly changing technologies and market trends. This could result in a slower response to industry shifts and emerging competition.
Opportunities
- Maximus Inc can capitalize on the growing demand for its services by expanding into new markets or diversifying its service offerings.
- The company can leverage advancements in technology to streamline its operations and improve efficiency, resulting in cost savings and better customer service.
- Maximus Inc can explore strategic partnerships and collaborations to access new expertise, resources, and markets that can contribute to its growth and expansion.
Threats
- Increased competition in the industry poses a threat to Maximus Inc's market share and profitability. It must stay ahead by continuously innovating and delivering superior services.
- Changes in government regulations and policies can impact the company's operations and contracts. It must stay updated and adapt to these changes to mitigate potential risks.
- Economic downturns or recessions can reduce demand for Maximus Inc's services, leading to a decline in revenue. It must prepare contingency plans to navigate through such situations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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