Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Maximus.
Income Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.31B | $4.90B | $4.63B | $4.25B | $3.46B | $2.89B | $2.39B | $2.45B | $2.40B | $2.10B |
| Cost of Revenue | $4.05B | $3.88B | $3.69B | $3.31B | $2.75B | $2.22B | $1.80B | $1.84B | $1.84B | $1.59B |
| Gross Profit | $1.25B | $1.03B | $939.81M | $946.98M | $711.00M | $671.18M | $594.38M | $611.90M | $562.19M | $512.72M |
| Gross Profit Ratio | 23.59% | 20.97% | 20.29% | 22.26% | 20.54% | 23.25% | 24.85% | 24.97% | 23.39% | 24.42% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $671.58M | $638.65M | $534.49M | $494.09M | $387.09M | $321.02M | $285.24M | $284.51M | $268.26M | $238.79M |
| Other Expenses | $91.57M | $95.17M | $90.47M | $44.36M | $35.63M | $33.05M | $4.73M | $2.88M | $3.50M | $1.39M |
| Operating Expenses | $763.15M | $733.81M | $624.96M | $538.45M | $422.72M | $354.08M | $295.55M | $296.72M | $281.64M | $248.14M |
| Cost and Expenses | $4.82B | $4.61B | $4.32B | $3.85B | $3.17B | $2.57B | $2.09B | $2.14B | $2.12B | $1.84B |
| Interest Income | $- | $- | $45.97M | $14.74M | $2.06M | $2.96M | $- | $- | $- | $- |
| Interest Expense | $82.44M | $84.14M | $45.97M | $14.74M | $2.06M | $2.96M | $1.00M | $2.16M | $4.13M | $1.40M |
| Depreciation and Amortization | $-450.00K | $149.32M | $141.69M | $104.32M | $106.96M | $85.46M | $62.19M | $67.98M | $71.78M | $56.20M |
| EBITDA | $488.50M | $456.45M | $464.76M | $502.74M | $396.08M | $405.74M | $362.40M | $384.37M | $361.88M | $317.41M |
| EBITDA Ratio | 9.21% | 9.31% | 10.04% | 11.82% | 11.44% | 14.05% | 15.15% | 15.68% | 15.06% | 15.12% |
| Operating Income | $488.50M | $294.79M | $325.90M | $408.53M | $288.28M | $317.11M | $295.48M | $313.51M | $286.60M | $259.83M |
| Operating Income Ratio | 9.21% | 6.01% | 7.04% | 9.60% | 8.33% | 10.98% | 12.35% | 12.79% | 11.93% | 12.37% |
| Total Other Income Expenses Net | $-81.99M | $-84.50M | $-48.80M | $-24.85M | $-1.22M | $213.00K | $3.73M | $723.00K | $-635.00K | $-13.00K |
| Income Before Tax | $406.51M | $210.29M | $277.10M | $383.68M | $287.06M | $317.32M | $299.21M | $314.24M | $285.97M | $259.82M |
| Income Before Tax Ratio | 7.66% | 4.29% | 5.98% | 9.02% | 8.29% | 10.99% | 12.51% | 12.82% | 11.90% | 12.37% |
| Income Tax Expense | $99.59M | $48.50M | $73.27M | $92.48M | $72.55M | $76.83M | $78.39M | $102.05M | $105.81M | $99.77M |
| Net Income | $306.91M | $161.79M | $203.83M | $291.20M | $214.51M | $240.82M | $220.75M | $209.43M | $178.36M | $157.77M |
| Net Income Ratio | 5.78% | 3.30% | 4.40% | 6.84% | 6.20% | 8.34% | 9.23% | 8.54% | 7.42% | 7.51% |
| EPS | $5.03 | $2.65 | $3.30 | $4.69 | $3.40 | $3.73 | $3.37 | $3.19 | $2.71 | $2.37 |
| EPS Diluted | $4.99 | $2.63 | $3.29 | $4.67 | $3.39 | $3.72 | $3.35 | $3.17 | $2.69 | $2.35 |
| Weighted Average Shares Outstanding | 61.05M | 61.12M | 61.77M | 62.07M | 63.06M | 64.50M | 65.50M | 65.63M | 65.82M | 66.68M |
| Weighted Average Shares Outstanding Diluted | 61.48M | 61.45M | 61.97M | 62.37M | 63.32M | 64.82M | 65.93M | 66.06M | 66.23M | 67.28M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $183.12M | $65.41M | $40.66M | $135.06M | $71.74M | $105.56M | $349.25M | $166.25M | $66.20M | $74.67M |
| Short Term Investments | $- | $56.89M | $- | $- | $- | $- | $20.26M | $- | $- | $- |
| Cash and Short Term Investments | $183.12M | $65.41M | $40.66M | $135.06M | $71.74M | $105.56M | $369.51M | $166.25M | $66.20M | $74.67M |
| Net Receivables | $879.51M | $843.43M | $809.27M | $840.23M | $788.28M | $621.38M | $395.13M | $435.34M | $498.06M | $427.11M |
| Inventory | $- | $- | $- | $-5.41M | $-2.08M | $-20.80M | $1 | $1 | $- | $- |
| Other Current Assets | $137.91M | $146.63M | $86.25M | $104.20M | $72.54M | $62.48M | $43.99M | $55.65M | $56.72M | $60.13M |
| Total Current Assets | $1.20B | $1.06B | $1.03B | $1.08B | $932.56M | $789.42M | $808.63M | $657.24M | $620.98M | $580.90M |
| Property Plant Equipment Net | $220.23M | $202.76M | $185.14M | $241.98M | $243.88M | $99.59M | $77.54M | $101.65M | $131.57M | $137.83M |
| Goodwill | $1.78B | $1.78B | $1.78B | $1.77B | $593.13M | $584.47M | $399.88M | $402.98M | $397.56M | $376.30M |
| Intangible Assets | $630.57M | $811.46M | $863.64M | $922.04M | $183.93M | $211.62M | $110.46M | $125.52M | $139.17M | $134.84M |
| Goodwill and Intangible Assets | $2.41B | $2.59B | $2.64B | $2.70B | $777.05M | $796.09M | $510.35M | $528.49M | $536.72M | $511.14M |
| Long Term Investments | $- | $31.40M | $31.40M | $83.22M | $57.71M | $51.83M | $48.69M | $44.85M | $41.49M | $19.44M |
| Tax Assets | $14.80M | $2.46M | $4.97M | $990.00K | $1.92M | $186.00K | $6.83M | $7.69M | $8.64M | $18.99M |
| Other Non-Current Assets | $282.50M | $103.04M | $95.83M | $16.84M | $11.58M | $8.62M | $9.96M | $10.74M | $9.41M | $11.86M |
| Total Non-Current Assets | $2.93B | $2.93B | $2.96B | $3.04B | $1.09B | $956.31M | $653.37M | $693.42M | $727.84M | $699.27M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.13B | $3.99B | $3.99B | $4.12B | $2.02B | $1.75B | $1.46B | $1.35B | $1.35B | $1.28B |
| Account Payables | $303.32M | $282.08M | $264.55M | $305.56M | $253.34M | $177.79M | $114.38M | $122.08M | $150.71M | $155.41M |
| Short Term Debt | $40.14M | $136.70M | $127.46M | $156.63M | $172.37M | $23.61M | $4.44M | $4.84M | $8.26M | $12.06M |
| Tax Payables | $26.54M | $451.00K | $718.00K | $6.78M | $5.38M | $13.95M | $4.44M | $4.70M | $7.98M | $11.71M |
| Deferred Revenue | $83.24M | $60.48M | $87.15M | $98.59M | $51.66M | $43.34M | $51.18M | $71.72M | $73.69M | $77.64M |
| Other Current Liabilities | $354.30M | $243.31M | $294.57M | $221.87M | $134.78M | $119.50M | $107.31M | $117.62M | $108.10M | $111.26M |
| Total Current Liabilities | $807.53M | $723.01M | $774.45M | $789.43M | $561.17M | $364.24M | $277.45M | $316.27M | $340.76M | $356.38M |
| Long Term Debt | $52.14M | $1.29B | $1.38B | $1.55B | $122.03M | $- | $- | $527.00K | $165.34M | $219.23M |
| Deferred Revenue Non-Current | $45.08M | $38.85M | $21.41M | $35.93M | $27.31M | $32.34M | $20.39M | $28.18M | $40.01M | $52.95M |
| Deferred Tax Liabilities Non-Current | $169.12M | $203.90M | $206.10M | $194.64M | $24.74M | $46.56M | $26.38M | $20.11M | $16.81M | $15.16M |
| Other Non-Current Liabilities | $1.17B | $59.69M | $62.73M | $67.72M | $47.64M | $54.39M | $51.36M | $39.81M | $32.77M | $37.97M |
| Total Non-Current Liabilities | $1.48B | $1.59B | $1.67B | $1.85B | $221.72M | $133.29M | $98.13M | $88.63M | $254.92M | $308.09M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.29B | $2.32B | $2.44B | $2.64B | $782.88M | $497.53M | $375.58M | $404.89M | $595.68M | $664.47M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.83M |
| Common Stock | $598.30M | $577.90M | $557.98M | $532.41M | $513.96M | $498.43M | $487.54M | $475.59M | $461.68M | $446.13M |
| Retained Earnings | $1.28B | $1.12B | $1.03B | $987.83M | $770.50M | $794.74M | $633.28M | $492.11M | $323.57M | $188.61M |
| Accumulated Other Comprehensive Income Loss | $-32.46M | $-27.61M | $-33.96M | $-39.91M | $-42.64M | $-45.38M | $-36.95M | $-27.62M | $-36.17M | $-22.36M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $1.84B | $1.67B | $1.55B | $1.48B | $1.24B | $1.25B | $1.08B | $940.09M | $749.08M | $614.84M |
| Total Equity | $1.84B | $1.67B | $1.55B | $1.48B | $1.24B | $1.25B | $1.09B | $945.77M | $753.14M | $618.16M |
| Total Liabilities and Stockholders Equity | $4.13B | $3.99B | $3.99B | $4.12B | $2.02B | $1.75B | $1.46B | $1.35B | $1.35B | $1.28B |
| Minority Interest | $- | $- | $- | $- | $- | $409.00K | $2.55M | $5.68M | $4.06M | $3.32M |
| Total Liabilities and Total Equity | $4.13B | $3.99B | $3.99B | $4.12B | $2.02B | $1.75B | $1.46B | $1.35B | $1.35B | $1.28B |
| Total Investments | $- | $88.29M | $31.40M | $83.22M | $57.71M | $51.83M | $20.26M | $44.85M | $41.49M | $19.44M |
| Total Debt | $97.22M | $1.43B | $1.51B | $1.71B | $213.65M | $9.66M | $136.00K | $668.00K | $165.62M | $210.97M |
| Net Debt | $-85.90M | $1.36B | $1.47B | $1.57B | $141.92M | $-95.91M | $-349.11M | $-165.58M | $99.42M | $136.30M |
Cash Flow Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $306.91M | $161.79M | $203.83M | $291.20M | $214.51M | $240.50M | $220.82M | $212.18M | $180.16M | $160.05M |
| Depreciation and Amortization | $125.53M | $149.32M | $132.79M | $90.72M | $100.16M | $85.46M | $62.19M | $67.98M | $71.78M | $56.20M |
| Deferred Income Tax | $-36.02M | $1.55M | $10.20M | $-6.58M | $-19.14M | $12.66M | $6.72M | $4.76M | $5.65M | $807.00K |
| Stock Based Compensation | $35.35M | $29.52M | $30.48M | $28.55M | $23.71M | $20.77M | $20.24M | $21.36M | $18.75M | $17.24M |
| Change in Working Capital | $78.94M | $-31.56M | $-79.43M | $104.05M | $-72.92M | $-2.66M | $13.56M | $31.56M | $-89.44M | $-28.07M |
| Accounts Receivables | $-50.56M | $-23.40M | $14.13M | $38.58M | $-141.84M | $-60.31M | $34.03M | $53.02M | $-51.99M | $-103.77M |
| Inventory | $- | $859.00K | $- | $-26.90M | $-79.93M | $-47.58M | $9.87M | $2.61M | $-7.62M | $-7.39M |
| Accounts Payables | $18.27M | $17.73M | $-32.72M | $26.90M | $79.93M | $47.58M | $-7.72M | $-28.31M | $-2.37M | $44.35M |
| Other Working Capital | $111.23M | $-26.75M | $-60.84M | $65.47M | $68.92M | $57.65M | $-22.62M | $4.24M | $-27.46M | $38.74M |
| Other Non Cash Items | $4.55M | $3.72M | $-8.03M | $9.37M | $-1.72M | $189.28M | $113.46M | $-650.00K | $-6.88M | $114.42M |
| Net Cash Provided by Operating Activities | $515.26M | $314.34M | $289.84M | $517.32M | $244.59M | $356.73M | $323.52M | $337.20M | $180.03M | $206.22M |
| Investments in Property Plant and Equipment | $-114.19M | $-90.69M | $-56.15M | $-36.56M | $-40.71M | $-66.85M | $-26.52M | $-24.15M | $-46.39M | $-105.15M |
| Acquisitions Net | $- | $9.73M | $-14.29M | $-1.80B | $-3.82M | $-437.49M | $-157.00K | $-1.64M | $-41.14M | $-289.21M |
| Purchases of Investments | $- | $- | $- | $- | $- | $20.00M | $-20.00M | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $-20.00M | $- | $- | $- | $- |
| Other Investing Activities | $-14.91M | $- | $16.43M | $- | $385.00K | $20.45M | $369.00K | $575.00K | $424.00K | $489.00K |
| Net Cash Used for Investing Activities | $-129.10M | $-80.96M | $-54.01M | $-1.84B | $-44.14M | $-483.88M | $-46.30M | $-25.22M | $-87.10M | $-393.87M |
| Debt Repayment | $-112.04M | $-108.67M | $-155.66M | $1.49B | $18.60M | $9.52M | $-137.00K | $-164.98M | $-45.38M | $207.94M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-73.07M | $-8.47M | $-96.12M | $-3.36M | $-166.96M | $-47.45M | $-66.92M | $-28.86M | $-33.34M | $-82.79M |
| Dividends Paid | $-72.90M | $-68.07M | $-68.72M | $-68.84M | $-70.16M | $-63.89M | $-11.69M | $-11.67M | $-11.70M | $-11.93M |
| Other Financing Activities | $-17.64M | $-65.58M | $72.22M | $-35.75M | $-11.58M | $-9.05M | $-13.13M | $-9.91M | $-6.43M | $-2.11M |
| Net Cash Used Provided by Financing Activities | $-275.65M | $-250.80M | $-248.27M | $1.39B | $-230.09M | $-110.86M | $-91.88M | $-215.43M | $-96.84M | $111.11M |
| Effect of Forex Changes on Cash | $3.16M | $2.72M | $-7.33M | $474.00K | $1.71M | $-2.05M | $-2.35M | $3.50M | $-4.55M | $-6.90M |
| Net Change in Cash | $113.67M | $-14.70M | $-19.77M | $68.01M | $-27.93M | $-240.07M | $182.99M | $100.05M | $-8.47M | $-83.44M |
| Cash at End of Period | $235.76M | $122.09M | $136.79M | $156.57M | $88.56M | $116.49M | $349.25M | $166.25M | $66.20M | $74.67M |
| Cash at Beginning of Period | $122.09M | $136.79M | $156.57M | $88.56M | $116.49M | $356.56M | $166.25M | $66.20M | $74.67M | $158.11M |
| Operating Cash Flow | $515.26M | $314.34M | $289.84M | $517.32M | $244.59M | $356.73M | $323.52M | $337.20M | $180.03M | $206.22M |
| Capital Expenditure | $-114.19M | $-90.69M | $-56.15M | $-36.56M | $-40.71M | $-66.85M | $-26.52M | $-24.15M | $-46.39M | $-105.15M |
| Free Cash Flow | $401.07M | $223.65M | $233.69M | $480.76M | $203.88M | $289.88M | $297.00M | $313.05M | $133.63M | $101.07M |