Maximus (MMS) Free Cash Flow (2009 - 2026)
Maximus (MMS) recorded quarterly Free Cash Flow of $179.0 million in Q1 2026, up 171.42% quarter-over-quarter from -$250.7 million in Q4 2025, and up 601.81% on a YoY basis from $25.5 million in Q1 2025.
Maximus (MMS) Free Cash Flow (2009 - 2026) Analysis & Trends
Maximus' Free Cash Flow history runs 18 years deep, the most recent figure standing at $179.0 million for 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 96.3% YoY), while the FY2025 annual figure was $366.2 million, down 8.7% from the prior year.
- Free Cash Flow was $179.0 million for Q1 2026 at Maximus, 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.
- Historically, Free Cash Flow has averaged $68.4 million across 5 years, with a median of $53.9 million in 2023.
- The sharpest annual moves came in 2024 and 2026: Free Cash Flow plunged 16017.06% in 2024, then soared 601.81% in 2026.
- A 5-year view of Free Cash Flow shows it stood at -$150.4 million in 2022, then jumped by 99.58% to -$639000.0 in 2023, then slumped by 16017.06% to -$103.0 million in 2024, then tumbled by 143.39% to -$250.7 million in 2025, then soared by 171.42% to $179.0 million in 2026.
- The last three Free Cash Flow figures came in at $179.0 million (Q1 2026), -$250.7 million (Q4 2025), and $586.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 530.57 Mn |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 503.31 Mn |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 172.60 Mn |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 150.00 Mn |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | -550.16 Mn |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 298.98 Mn |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 220.00 Mn |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 83.44 Mn |
| 10 | Maximus | 3.40 Bn | 3.24 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 |