Maximus Inc (MMS) - Net Assets
Based on the latest financial reports, Maximus Inc (MMS) has net assets worth $1.70 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.24 Billion) and total liabilities ($2.54 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. Also explore MMS total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.70 Billion |
| % of Total Assets | 40.03% |
| 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. Check Maximus Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Maximus Inc (1996–2025)
The table below shows the annual net assets of Maximus Inc from 1996 to 2025. For live valuation and market cap data, see market cap of Maximus Inc.
| 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 |
|---|---|
|
CSSC Offshore & Marine Engineering Group Co Ltd
SHG:600685
|
$3.03 Billion |
|
China Wafer Level Csp Co Ltd
SHG:603005
|
$3.03 Billion |
|
Stella-Jones Inc.
TO:SJ
|
$3.03 Billion |
|
KAR Auction Services Inc
NYSE:KAR
|
$3.03 Billion |
|
American States Water Company
NYSE:AWR
|
$3.02 Billion |
|
OceanaGold Corporation
F:RQQ
|
$3.02 Billion |
|
Bandhan Bank Limited
NSE:BANDHANBNK
|
$3.02 Billion |
|
CITIC Heavy Industries Co Ltd
SHG:601608
|
$3.02 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: 1.99x
- 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 187.73x to 1.99x 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 | $57.57 | x |
| 1997-09-30 | $1.13 | $57.57 | x |
| 1998-09-30 | $1.16 | $57.57 | x |
| 1999-09-30 | $2.10 | $57.57 | x |
| 2000-09-30 | $2.44 | $57.57 | x |
| 2001-09-30 | $3.35 | $57.57 | x |
| 2002-09-30 | $3.24 | $57.57 | x |
| 2003-09-30 | $3.91 | $57.57 | x |
| 2004-09-30 | $4.24 | $57.57 | x |
| 2005-09-30 | $4.69 | $57.57 | x |
| 2006-09-30 | $4.64 | $57.57 | x |
| 2007-09-30 | $4.68 | $57.57 | x |
| 2008-09-30 | $3.57 | $57.57 | x |
| 2009-09-30 | $4.15 | $57.57 | x |
| 2010-09-30 | $4.71 | $57.57 | x |
| 2011-09-30 | $5.27 | $57.57 | x |
| 2012-09-30 | $6.48 | $57.57 | x |
| 2013-09-30 | $7.58 | $57.57 | x |
| 2014-09-30 | $8.05 | $57.57 | x |
| 2015-09-30 | $9.14 | $57.57 | x |
| 2016-09-30 | $11.31 | $57.57 | x |
| 2017-09-30 | $14.23 | $57.57 | x |
| 2018-09-30 | $16.48 | $57.57 | x |
| 2019-09-30 | $19.25 | $57.57 | x |
| 2020-09-30 | $19.61 | $57.57 | x |
| 2021-09-30 | $23.74 | $57.57 | x |
| 2022-09-30 | $25.00 | $57.57 | x |
| 2023-09-30 | $27.14 | $57.57 | x |
| 2024-09-30 | $29.97 | $57.57 | x |
| 2025-09-30 | $28.90 | $57.57 | 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 | 20.32% | 9.23% | 1.64x | 1.35x | $112.11 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: $482,955,029
- Average return on equity (ROE) among peers: 0.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maximus Inc (MMS) | $1.70 Billion | 126.09% | 1.50x | $3.02 Billion |
| ABM Industries Incorporated (ABM) | $130.73 Million | 11.60% | 1.29x | $2.70 Billion |
| Amentum Holdings Inc. (AMTM) | $415.22 Million | -75.62% | 14.44x | $5.23 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $58.14 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $11.71 Billion |
| AZZ Incorporated (AZZ) | $14.00 Million | 4.29% | 0.36x | $4.41 Billion |
| Blacksky Technology Inc (BKSY) | $-18.30 Million | 0.00% | 0.00x | $834.58 Million |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $485.37K | 58.45% | 2.81x | $237.70 Million |
| BrightView Holdings (BV) | $1.23 Billion | -1.23% | 1.36x | $1.16 Billion |
| Cass Information Systems Inc (CASS) | $53.82 Million | 13.28% | 9.72x | $613.37 Million |
| CBIZ Inc (CBZ) | $254.66 Million | 7.33% | 0.79x | $1.81 Billion |
About 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