Maximus (MMS) Free Cash Flow (2016 - 2026)
Quarterly Free Cash Flow rose 601.81% to $179.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $372.0 million through Mar 2026, up 96.3% year-over-year, with the annual reading at $366.2 million for FY2025, 8.7% down from the prior year.
Maximus' Free Cash Flow history spans 18 years, with the latest figure at $179.0 million for Q1 2026.
- Free Cash Flow came in at $179.0 million for Q1 2026, up from -$250.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $586.2 million in Q3 2025 to a low of -$250.7 million in Q4 2025.
- The 5-year median for Free Cash Flow is $53.9 million (2023), against an average of $68.4 million.
- Year-over-year, Free Cash Flow plummeted 16017.06% in 2024 and then surged 601.81% in 2026.
- Maximus' Free Cash Flow stood at -$150.4 million in 2022, then soared by 99.58% to -$639000.0 in 2023, then tumbled by 16017.06% to -$103.0 million in 2024, then crashed by 143.39% to -$250.7 million in 2025, then surged by 171.42% to $179.0 million in 2026.
- Per Business Quant, the three most recent readings for MMS's Free Cash Flow are $179.0 million (Q1 2026), -$250.7 million (Q4 2025), and $586.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 530.57 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 57.88 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 150.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -550.16 Mn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 172.60 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 298.98 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 220.00 Mn |
| 10 | Maximus | 3.32 Bn | 3.16 Bn | 342.26 Mn | 179.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 586.16 Mn |
| Sep 30, 2025 | 586.16 Mn |
| Jun 30, 2025 | -142.52 Mn |
| Jun 30, 2025 | -142.52 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 | 135.10 Mn |
| Jun 30, 2024 | 135.10 Mn |
| Mar 31, 2024 | 134.73 Mn |
| Mar 31, 2024 | 134.73 Mn |
| Dec 31, 2023 | -639,000.00 |
| Dec 31, 2023 | -639,000.00 |
| Sep 30, 2023 | 53.89 Mn |
| Sep 30, 2023 | 53.89 Mn |
| Jun 30, 2023 | 28.47 Mn |
| Jun 30, 2023 | 28.47 Mn |
| Mar 31, 2023 | 291.64 Mn |
| Mar 31, 2023 | 291.64 Mn |
| Dec 31, 2022 | -150.36 Mn |
| Dec 31, 2022 | -150.36 Mn |
| Sep 30, 2022 | 99.85 Mn |
| Sep 30, 2022 | 99.85 Mn |
| Jun 30, 2022 | 44.88 Mn |
| Jun 30, 2022 | 44.88 Mn |
| Mar 31, 2022 | 98.21 Mn |
| Mar 31, 2022 | 98.21 Mn |
| Dec 31, 2021 | -9.25 Mn |
| Dec 31, 2021 | -9.25 Mn |
| Sep 30, 2021 | 266.23 Mn |
| Sep 30, 2021 | 266.23 Mn |
| Jun 30, 2021 | -41.59 Mn |
| Jun 30, 2021 | -41.59 Mn |
| Mar 31, 2021 | 167.09 Mn |
| Mar 31, 2021 | 167.09 Mn |
| Dec 31, 2020 | 89.02 Mn |
| Dec 31, 2020 | 89.02 Mn |
| Sep 30, 2020 | 136.24 Mn |
| Sep 30, 2020 | 136.24 Mn |
| Jun 30, 2020 | -22.50 Mn |
| Jun 30, 2020 | -22.50 Mn |
| Mar 31, 2020 | 13.37 Mn |
| Mar 31, 2020 | 13.37 Mn |
| Dec 31, 2019 | 76.78 Mn |
| Dec 31, 2019 | 76.78 Mn |
| Sep 30, 2019 | 65.20 Mn |
| Sep 30, 2019 | 65.20 Mn |
| Jun 30, 2019 | 116.01 Mn |
| Jun 30, 2019 | 116.01 Mn |
| Mar 31, 2019 | 59.30 Mn |
| Mar 31, 2019 | 59.30 Mn |
| Dec 31, 2018 | 49.37 Mn |
| Dec 31, 2018 | 49.37 Mn |
| Sep 30, 2018 | 123.49 Mn |
| Sep 30, 2018 | 123.49 Mn |
| Jun 30, 2018 | 63.18 Mn |
| Jun 30, 2018 | 63.18 Mn |
| Mar 31, 2018 | 72.10 Mn |
| Mar 31, 2018 | 72.10 Mn |
| Dec 31, 2017 | 31.48 Mn |
| Dec 31, 2017 | 31.48 Mn |
| Sep 30, 2017 | 79.26 Mn |
| Sep 30, 2017 | 79.26 Mn |
| Jun 30, 2017 | 109.14 Mn |
| Jun 30, 2017 | 109.14 Mn |
| Mar 31, 2017 | -3.01 Mn |
| Mar 31, 2017 | -3.01 Mn |
| Dec 31, 2016 | 63.37 Mn |
| Dec 31, 2016 | 63.37 Mn |
| Sep 30, 2016 | 71.89 Mn |
| Sep 30, 2016 | 71.89 Mn |
| Jun 30, 2016 | 72.00 Mn |
| Jun 30, 2016 | 72.00 Mn |