← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Maximus grew and improved profit and margin, but lower free cash flow showed weaker conversion across government-program services.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 2.4%OK
- Profitability — Net income grew 3.9% to $319.034M from $306.914MOK
- Cash flow — Free cash flow declined 8.7% to $366.159M from $401.068MWatch
- Margins — Operating margin expanded 52 bps to 9.73%OK
- Accounting — Government-services growth with softer cash conversionNote
- Insiders — 6 purchases and 3 salesOK
Business
Maximus administers health, employment and citizen-service programs for governments.
Where the revenue comes from
Fiscal 2025, as MAXIMUS, INC. reports it. History and quarterly detail are in the app.
- U.S. Federal Services$3.1B
- U.S. Services$1.8B
- Outside the US$599.9M
Leadership changes
From MAXIMUS, INC.'s own filings, the day they're filed.
- Teresa A. Weipert · Director · departure
Latest filings
- 8-K · Company announcement2026-08-06
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-05-28
- 10-Q · Quarterly report2026-05-07
- 8-K · Company announcement2026-05-07
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about MAXIMUS, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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