Maximus (MMS) Free Cash Flow (2009 - 2026)
Maximus (MMS) posted quarterly Free Cash Flow of $179.0 million for Q1 2026, up 601.81% year-over-year from $25.5 million in Q1 2025, and up 171.42% quarter-over-quarter from -$250.7 million in Q4 2025.
Maximus (MMS) Free Cash Flow (2009 - 2026) Analysis & Trends
Maximus (MMS) has reported Free Cash Flow for 18 consecutive years, with $179.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 601.81% year-over-year to $179.0 million; the TTM figure through Mar 2026 stood at $372.0 million (up 69.83% YoY), while the FY2025 annual figure was $366.2 million, down 8.7% from the prior year.
- Free Cash Flow advanced to $179.0 million in Q1 2026 per MMS's latest filing, from -$250.7 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $641.8 million in Q3 2025 and bottomed at -$250.7 million in Q4 2025.
- Historically, Free Cash Flow has averaged $77.0 million across 5 years, with a median of $98.2 million in 2022.
- Annual changes were most pronounced in 2024 — Free Cash Flow tumbled 16017.06% — and 2026, when it surged 601.81%.
- Maximus' Free Cash Flow stood at -$150.4 million in 2022, then soared by 99.58% to -$639000.0 in 2023, then sank by 16017.06% to -$103.0 million in 2024, then slumped by 143.39% to -$250.7 million in 2025, then surged by 171.42% to $179.0 million in 2026.
- Business Quant data shows MMS's Free Cash Flow at $179.0 million in Q1 2026, -$250.7 million in Q4 2025, and $641.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | 613.11 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | 503.31 Mn |
| 4 | Global Payments | 25.34 Bn | 19.93 Bn | 2.03 Bn | 426.96 Mn |
| 5 | Rb Global | 16.15 Bn | 15.62 Bn | 935.50 Mn | 63.60 Mn |
| 6 | Aramark | 15.72 Bn | 15.22 Bn | 430.34 Mn | 4.82 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | 91.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | 152.47 Mn |
| 10 | Maximus | 3.08 Bn | 3.03 Bn | 348.80 Mn | -136.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -136.97 Mn |
| Jun 30, 2026 | -136.97 Mn |
| Mar 31, 2026 | 179.02 Mn |
| Mar 31, 2026 | 179.02 Mn |
| Dec 31, 2025 | -250.67 Mn |
| Dec 31, 2025 | -250.67 Mn |
| Sep 30, 2025 | 641.85 Mn |
| Sep 30, 2025 | 641.85 Mn |
| Jun 30, 2025 | -198.21 Mn |
| Jun 30, 2025 | -198.21 Mn |
| Mar 31, 2025 | 25.51 Mn |
| Mar 31, 2025 | 25.51 Mn |
| Dec 31, 2024 | -102.99 Mn |
| Dec 31, 2024 | -102.99 Mn |
| Sep 30, 2024 | 131.88 Mn |
| Sep 30, 2024 | 131.88 Mn |
| Jun 30, 2024 | 164.64 Mn |
| Jun 30, 2024 | 164.64 Mn |
| Mar 31, 2024 | 105.19 Mn |
| Mar 31, 2024 | 105.19 Mn |