Maximus Inc
Maximus, Inc. operates as a provider of government services worldwide. The company operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Federal Services segment offers business process services, eligibility and enrollment, outreach, and other services for federal health and human services programs; clinical services; and technology solutions, such a… Read more
Maximus Inc (MMS) - Net Assets
Latest net assets as of December 2025: $1.72 Billion USD
Based on the latest financial reports, Maximus Inc (MMS) has net assets worth $1.72 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.21 Billion) and total liabilities ($2.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.72 Billion |
| % of Total Assets | 40.87% |
| Annual Growth Rate | 19.66% |
| 5-Year Change | 13.09% |
| 10-Year Change | 122.27% |
| Growth Volatility | 112.44 |
Maximus Inc - Net Assets Trend (1996–2025)
This chart illustrates how Maximus Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Maximus Inc (1996–2025)
The table below shows the annual net assets of Maximus Inc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $1.67 Billion | -9.16% |
| 2024-09-30 | $1.84 Billion | +10.49% |
| 2023-09-30 | $1.67 Billion | +7.65% |
| 2022-09-30 | $1.55 Billion | +4.66% |
| 2021-09-30 | $1.48 Billion | +19.21% |
| 2020-09-30 | $1.24 Billion | -0.51% |
| 2019-09-30 | $1.25 Billion | +14.89% |
| 2018-09-30 | $1.09 Billion | +14.87% |
| 2017-09-30 | $945.77 Million | +25.58% |
| 2016-09-30 | $753.14 Million | +22.32% |
| 2015-09-30 | $615.70 Million | +10.70% |
| 2014-09-30 | $556.18 Million | +5.04% |
| 2013-09-30 | $529.51 Million | +17.38% |
| 2012-09-30 | $451.11 Million | +20.47% |
| 2011-09-30 | $374.46 Million | +10.53% |
| 2010-09-30 | $338.79 Million | +14.02% |
| 2009-09-30 | $297.13 Million | +7.77% |
| 2008-09-30 | $275.71 Million | -32.66% |
| 2007-09-30 | $409.40 Million | +1.11% |
| 2006-09-30 | $404.90 Million | -0.26% |
| 2005-09-30 | $405.95 Million | +8.68% |
| 2004-09-30 | $373.55 Million | +12.08% |
| 2003-09-30 | $333.28 Million | +10.31% |
| 2002-09-30 | $302.13 Million | +0.24% |
| 2001-09-30 | $301.41 Million | +44.26% |
| 2000-09-30 | $208.93 Million | +19.05% |
| 1999-09-30 | $175.50 Million | +107.20% |
| 1998-09-30 | $84.70 Million | +28.14% |
| 1997-09-30 | $66.10 Million | +618.48% |
| 1996-09-30 | $9.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Maximus Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 11462.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.06 Billion | 63.55% |
| Common Stock | $628.12 Million | 37.52% |
| Other Comprehensive Income | $-17.87 Million | -1.07% |
| Total Equity | $1.67 Billion | 100.00% |
Maximus Inc Competitors by Market Cap
The table below lists competitors of Maximus Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JD Health International Inc
PINK:JDHIY
|
$3.88 Billion |
|
Cavco Industries Inc
NASDAQ:CVCO
|
$3.88 Billion |
|
PT. Chandra Asri Petrochemical Tbk
PINK:PTPIF
|
$3.88 Billion |
|
Compal Electronics Inc
TW:2324
|
$3.88 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
$3.88 Billion |
|
Yue Yuen Industrial Holdings
PINK:YUEIY
|
$3.87 Billion |
|
Tanger Factory Outlet Centers Inc
NYSE:SKT
|
$3.87 Billion |
|
MERLIN Properties SOCIMI S.A
PINK:MRPRF
|
$3.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maximus Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,842,815,000 to 1,674,035,000, a change of -168,780,000 (-9.2%).
- Net income of 319,034,000 contributed positively to equity growth.
- Dividend payments of 68,710,000 reduced retained earnings.
- Share repurchases of 447,482,000 reduced equity.
- Other comprehensive income increased equity by 14,593,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $319.03 Million | +19.06% |
| Dividends Paid | $68.71 Million | -4.1% |
| Share Repurchases | $447.48 Million | -26.73% |
| Other Comprehensive Income | $14.59 Million | +0.87% |
| Other Changes | $13.79 Million | +0.82% |
| Total Change | $- | -9.16% |
Book Value vs Market Value Analysis
This analysis compares Maximus Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 235.08x to 2.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | $0.31 | $72.09 | x |
| 1997-09-30 | $1.13 | $72.09 | x |
| 1998-09-30 | $1.16 | $72.09 | x |
| 1999-09-30 | $2.10 | $72.09 | x |
| 2000-09-30 | $2.44 | $72.09 | x |
| 2001-09-30 | $3.35 | $72.09 | x |
| 2002-09-30 | $3.24 | $72.09 | x |
| 2003-09-30 | $3.91 | $72.09 | x |
| 2004-09-30 | $4.24 | $72.09 | x |
| 2005-09-30 | $4.69 | $72.09 | x |
| 2006-09-30 | $4.64 | $72.09 | x |
| 2007-09-30 | $4.68 | $72.09 | x |
| 2008-09-30 | $3.57 | $72.09 | x |
| 2009-09-30 | $4.15 | $72.09 | x |
| 2010-09-30 | $4.71 | $72.09 | x |
| 2011-09-30 | $5.27 | $72.09 | x |
| 2012-09-30 | $6.48 | $72.09 | x |
| 2013-09-30 | $7.58 | $72.09 | x |
| 2014-09-30 | $8.05 | $72.09 | x |
| 2015-09-30 | $9.14 | $72.09 | x |
| 2016-09-30 | $11.31 | $72.09 | x |
| 2017-09-30 | $14.23 | $72.09 | x |
| 2018-09-30 | $16.44 | $72.09 | x |
| 2019-09-30 | $19.25 | $72.09 | x |
| 2020-09-30 | $19.61 | $72.09 | x |
| 2021-09-30 | $23.74 | $72.09 | x |
| 2022-09-30 | $25.00 | $72.09 | x |
| 2023-09-30 | $27.14 | $72.09 | x |
| 2024-09-30 | $29.97 | $72.09 | x |
| 2025-09-30 | $28.90 | $72.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maximus Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.87%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 2.43x
- Recent ROE (19.06%) is below the historical average (19.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 126.09% | 11.25% | 2.90x | 3.86x | $10.68 Million |
| 1997 | 13.01% | 6.72% | 1.32x | 1.46x | $1.99 Million |
| 1998 | 17.12% | 6.21% | 1.94x | 1.42x | $6.03 Million |
| 1999 | 15.73% | 8.64% | 1.43x | 1.27x | $10.05 Million |
| 2000 | 14.58% | 7.63% | 1.55x | 1.23x | $9.57 Million |
| 2001 | 12.03% | 7.44% | 1.40x | 1.15x | $6.10 Million |
| 2002 | 13.35% | 7.78% | 1.47x | 1.17x | $10.13 Million |
| 2003 | 10.61% | 6.33% | 1.35x | 1.25x | $2.02 Million |
| 2004 | 10.38% | 6.42% | 1.30x | 1.24x | $1.42 Million |
| 2005 | 8.88% | 5.57% | 1.21x | 1.32x | $-4.53 Million |
| 2006 | 0.61% | 0.35% | 1.25x | 1.38x | $-38.03 Million |
| 2007 | -2.02% | -1.12% | 1.31x | 1.38x | $-49.20 Million |
| 2008 | 2.42% | 0.90% | 1.62x | 1.66x | $-20.89 Million |
| 2009 | 15.66% | 6.49% | 1.66x | 1.46x | $16.83 Million |
| 2010 | 20.78% | 8.47% | 1.58x | 1.56x | $36.53 Million |
| 2011 | 21.68% | 8.73% | 1.64x | 1.51x | $43.72 Million |
| 2012 | 16.88% | 7.25% | 1.51x | 1.54x | $31.02 Million |
| 2013 | 22.05% | 8.77% | 1.55x | 1.62x | $63.78 Million |
| 2014 | 26.16% | 8.55% | 1.89x | 1.62x | $89.84 Million |
| 2015 | 25.66% | 7.51% | 1.64x | 2.08x | $96.29 Million |
| 2016 | 23.81% | 7.42% | 1.78x | 1.80x | $103.45 Million |
| 2017 | 22.28% | 8.54% | 1.81x | 1.44x | $115.42 Million |
| 2018 | 20.37% | 9.23% | 1.64x | 1.35x | $112.36 Million |
| 2019 | 19.30% | 8.34% | 1.65x | 1.40x | $116.04 Million |
| 2020 | 17.27% | 6.20% | 1.71x | 1.63x | $90.33 Million |
| 2021 | 19.67% | 6.84% | 1.03x | 2.78x | $143.17 Million |
| 2022 | 13.16% | 4.40% | 1.16x | 2.58x | $48.89 Million |
| 2023 | 9.70% | 3.30% | 1.23x | 2.39x | $-4.99 Million |
| 2024 | 16.65% | 5.78% | 1.28x | 2.24x | $122.63 Million |
| 2025 | 19.06% | 5.87% | 1.33x | 2.43x | $151.63 Million |
Industry Comparison
This section compares Maximus Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $772,489,888
- Average return on equity (ROE) among peers: -12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maximus Inc (MMS) | $1.72 Billion | 126.09% | 1.45x | $3.88 Billion |
| All American Pet Co (AAPT) | $-1.12 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $284.02K | -124.30% | 3.55x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $4.20 Billion |
| Anacomp Inc (ANMP) | $101.14 Million | -0.68% | 0.63x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $30.94 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $-35.01 Million | 0.00% | 0.00x | $110.98 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $10.51 Billion |
| Atento S.A. (ATTOF) | $-348.87 Million | 0.00% | 0.00x | $945.48 |