Maximus, Inc. (MMS)
NYSE: MMS · Real-Time Price · USD
57.77
-1.98 (-3.31%)
Aug 31, 2026, 4:00 PM EDT - Market closed
Maximus Cash Flow Statement
Financials in millions USD. Fiscal year is October - September.
Millions USD. Fiscal year is Oct - Sep.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Net Income | 370.89 | 319.03 | 306.91 | 161.79 | 203.83 | 291.2 |
Depreciation & Amortization | 112.85 | 111.52 | 110.73 | 123.02 | 118.7 | 78.42 |
Other Amortization | 25.25 | 24.98 | 18.33 | 29.14 | 17.11 | 13.17 |
Loss (Gain) From Sale of Assets | -9.94 | 39.55 | 1.02 | 0.88 | -11.05 | - |
Stock-Based Compensation | 35.13 | 41.18 | 35.35 | 29.52 | 30.48 | 28.55 |
Other Operating Activities | 43.53 | -16.72 | -36.02 | 1.55 | 10.2 | 1.93 |
Change in Accounts Receivable | 32.04 | -31.85 | -50.56 | -23.4 | 14.13 | 38.58 |
Change in Accounts Payable | -19.03 | -7.49 | 18.27 | 17.73 | -32.72 | 26.9 |
Change in Unearned Revenue | -45.97 | -29.99 | 28.53 | -12.12 | -19.34 | 53.65 |
Change in Income Taxes | -53.64 | -7.51 | 32.31 | -16.96 | -13.51 | -2.73 |
Change in Other Net Operating Assets | -28.51 | -13.33 | 50.39 | 3.19 | -27.99 | -12.35 |
Operating Cash Flow | 469.51 | 429.37 | 515.26 | 314.34 | 289.84 | 517.32 |
Operating Cash Flow Growth | - | -16.67% | 63.92% | 8.45% | -43.97% | 111.50% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -36.28 | -63.21 | -132.19 | -90.7 | -56.15 | -36.57 |
Sale of Property, Plant & Equipment | - | - | - | - | 16.43 | - |
Cash Acquisitions | - | - | - | - | -14.3 | -1,799 |
Divestitures | 21.22 | 5.12 | 3.09 | 9.73 | - | - |
Other Investing Activities | -2.5 | -2.17 | - | - | - | - |
Investing Cash Flow | -17.56 | -60.26 | -129.1 | -80.96 | -54.01 | -1,835 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 1,499 | 1,100 | 844.3 | 615 | 2,318 |
Long-Term Debt Repaid | - | -1,298 | -1,212 | -952.97 | -770.66 | -824.48 |
Net Debt Issued (Repaid) | -20.93 | 201.36 | -112.04 | -108.68 | -155.66 | 1,494 |
Repurchase of Common Stock | -363.28 | -463.93 | -86.52 | -8.48 | -105.79 | -13.18 |
Common Dividends Paid | -68.28 | -68.71 | -72.9 | -68.07 | -68.72 | -68.84 |
Other Financing Activities | 49.34 | -12.6 | -4.18 | -65.58 | 81.9 | -25.93 |
Financing Cash Flow | -403.16 | -343.88 | -275.65 | -250.8 | -248.27 | 1,386 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -0.92 | -0.54 | 3.16 | 2.72 | -7.33 | 0.47 |
Net Cash Flow | 47.87 | 24.7 | 113.67 | -14.7 | -19.78 | 68.01 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 433.23 | 366.16 | 383.07 | 223.65 | 233.69 | 480.76 |
Free Cash Flow Growth | - | -4.41% | 71.28% | -4.30% | -51.39% | 135.80% |
Free Cash Flow Margin | 8.25% | 6.74% | 7.22% | 4.56% | 5.05% | 11.30% |
Free Cash Flow Per Share | 7.87 | 6.32 | 6.23 | 3.64 | 3.77 | 7.71 |
Levered Free Cash Flow | 354.07 | 333.09 | 392.06 | 163.56 | 245.16 | 415.27 |
Unlevered Free Cash Flow | 406.8 | 382.86 | 440.05 | 213.31 | 270.88 | 423.62 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Sep '25 Sep 30, 2025 | Sep '24 Sep 30, 2024 | Sep '23 Sep 30, 2023 | Sep '22 Sep 30, 2022 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 86.28 | 82.56 | 78.96 | 81.1 | 43.09 | 14.54 |
Cash Income Tax Paid | 130.53 | 149.94 | 99.69 | 61.05 | 76.04 | 99.9 |
Change in Working Capital | -115.11 | -90.18 | 78.94 | -31.56 | -79.43 | 104.05 |