Maximus Inc (MMS) — Free Cash Flow Generation Index
Maximus Inc (MMS) has a Free Cash Flow Generation Index of 0.94x as of March 2026. Free cash flow of $179.02 Million represents 1% of operating cash flow ($189.53 Million). Explore Maximus Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Maximus Inc Free Cash Flow Generation Index (1996–2025)
Historical FCF Generation Index trend for Maximus Inc across 29 annual periods. For the full cash flow conversion analysis, see Maximus Inc cash flow conversion.
Annual Free Cash Flow Generation for Maximus Inc (1996–2025)
Year-by-year Free Cash Flow Generation Index for Maximus Inc. Check MMS capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.85x | $366.16 Million | $429.37 Million | $63.21 Million | ▲ +9.6% |
| 2024 | 0.78x | $401.07 Million | $515.26 Million | $114.19 Million | ▲ +9.4% |
| 2023 | 0.71x | $223.65 Million | $314.34 Million | $90.69 Million | ▼ -11.8% |
| 2022 | 0.81x | $233.69 Million | $289.84 Million | $56.15 Million | ▼ -13.2% |
| 2021 | 0.93x | $480.76 Million | $517.32 Million | $36.56 Million | ▲ +11.5% |
| 2020 | 0.83x | $203.88 Million | $244.59 Million | $40.71 Million | ▲ +2.6% |
| 2019 | 0.81x | $289.88 Million | $356.73 Million | $66.85 Million | ▼ -11.5% |
| 2018 | 0.92x | $297.00 Million | $323.52 Million | $26.52 Million | ▼ -1.1% |
| 2017 | 0.93x | $313.05 Million | $337.20 Million | $24.15 Million | ▲ +25.1% |
| 2016 | 0.74x | $133.63 Million | $180.03 Million | $46.39 Million | ▲ +51.5% |
| 2015 | 0.49x | $101.07 Million | $206.22 Million | $105.15 Million | ▼ -37.1% |
| 2014 | 0.78x | $166.45 Million | $213.60 Million | $47.15 Million | ▲ +60.4% |
| 2013 | 0.49x | $58.76 Million | $120.94 Million | $62.18 Million | ▼ -39.2% |
| 2012 | 0.80x | $92.01 Million | $115.16 Million | $23.15 Million | ▲ +9.4% |
| 2011 | 0.73x | $70.75 Million | $96.86 Million | $26.11 Million | ▼ -12.7% |
| 2010 | 0.84x | $115.83 Million | $138.44 Million | $22.61 Million | ▲ +532.7% |
| 2009 | 0.13x | $4.05 Million | $30.63 Million | $26.58 Million | ▼ -81.8% |
| 2008 | 0.73x | $41.12 Million | $56.57 Million | $15.45 Million | ▲ +11.5% |
| 2007 | 0.65x | $33.36 Million | $51.19 Million | $17.83 Million | ▲ +198.1% |
| 2006 | -0.66x | $-10.43 Million | $15.70 Million | $26.12 Million | ▼ -181.0% |
| 2005 | 0.82x | $60.76 Million | $74.09 Million | $13.34 Million | ▼ -4.9% |
| 2004 | 0.86x | $40.60 Million | $47.07 Million | $6.48 Million | ▼ -1.6% |
| 2003 | 0.88x | $48.22 Million | $55.05 Million | $6.83 Million | ▲ +1.2% |
| 2002 | 0.87x | $50.51 Million | $58.36 Million | $7.85 Million | ▼ -0.3% |
| 2001 | 0.87x | $33.31 Million | $38.38 Million | $5.07 Million | ▲ +495.8% |
| 2000 | -0.22x | $-900.00K | $4.10 Million | $5.00 Million | ▼ -200.3% |
| 1999 | 0.22x | $6.10 Million | $27.90 Million | $21.80 Million | ▼ -77.5% |
| 1997 | 0.97x | $16.80 Million | $17.30 Million | $500.00K | ▲ +7.5% |
| 1996 | 0.90x | $2.80 Million | $3.10 Million | $300.00K | — |