Maximus (MMS) Gross Margin (2009 - 2026)
Maximus (MMS) posted quarterly Gross Margin of 26.21% for Q1 2026, up 133.0% year-over-year from 11.25% in Q1 2025, and up 10.62% quarter-over-quarter from 23.69% in Q4 2025.
Maximus (MMS) Gross Margin (2009 - 2026) Analysis & Trends
Maximus (MMS) has reported Gross Margin for 18 consecutive years, with 26.21% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 133.0% year-over-year to 26.21%; the TTM figure through Mar 2026 stood at 25.46% (up 184.0% YoY), while the FY2025 annual figure was 24.55%, up 96.0% from the prior year.
- Gross Margin advanced to 26.21% in Q1 2026 per MMS's latest filing, from 23.69% in the prior quarter.
- Across five years, Gross Margin topped out at 26.66% in Q2 2025 and bottomed at 18.67% in Q2 2022.
- Historically, Gross Margin has averaged 22.81% across 5 years, with a median of 23.09% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 480 bps — and 2024, when it jumped 461 bps.
- Maximus' Gross Margin stood at 19.59% in 2022, then gained by 15 bps to 22.61% in 2023, then slipped by 5 bps to 21.5% in 2024, then gained by 10 bps to 23.69% in 2025, then advanced by 11 bps to 26.21% in 2026.
- Business Quant data shows MMS's Gross Margin at 26.21% in Q1 2026, 23.69% in Q4 2025, and 25.3% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 50.95% |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 59.24% |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 61.04% |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 71.03% |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 8.51% |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 51.10% |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 86.78% |
| 10 | Maximus | 3.05 Bn | 2.99 Bn | 348.80 Mn | 27.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.27% |
| Mar 31, 2026 | 26.21% |
| Dec 31, 2025 | 23.69% |
| Sep 30, 2025 | 25.30% |
| Jun 30, 2025 | 26.66% |
| Mar 31, 2025 | 24.88% |
| Dec 31, 2024 | 21.50% |
| Sep 30, 2024 | 22.93% |
| Jun 30, 2024 | 25.27% |
| Mar 31, 2024 | 23.55% |
| Dec 31, 2023 | 22.61% |
| Sep 30, 2023 | 23.09% |
| Jun 30, 2023 | 22.24% |
| Mar 31, 2023 | 18.94% |
| Dec 31, 2022 | 19.59% |
| Sep 30, 2022 | 23.19% |
| Jun 30, 2022 | 18.67% |
| Mar 31, 2022 | 19.40% |
| Dec 31, 2021 | 19.82% |
| Sep 30, 2021 | 19.75% |