Alight, Inc. / Delaware vs Maximus
Maximus is the larger business, with $5.43bn of revenue in fiscal 2025 against $2.26bn for Alight, Inc. / Delaware (2.4 times as much). Maximus grew faster (2.4% against -3.0%). Maximus kept more of each dollar of sales as profit: a net margin of 5.9% against -136.9%. Maximus carries less debt relative to equity (80.5% against 192.5%).
| Latest fiscal year | Alight, Inc. / DelawareALIT, 2025 | MaximusMMS, 2025 |
|---|---|---|
| Revenue | $2.26bn | $5.43bn |
| Revenue growth | -3.0% | 2.4% |
| Net income | −$3.10bn | $319m |
| Operating margin | -136.6% | 9.7% |
| Net margin | -136.9% | 5.9% |
| Return on equity | -115.7% | 18.1% |
| Free cash flow | $250m | $366m |
| Cash | $273m | $222m |
| Total debt | $2.01bn | $1.35bn |
| Debt to equity | 192.5% | 80.5% |
| Dividend per share | — | $1.20 |
| Dividend yield | 16.9% | 2.0% |
| Share buybacks | $65.0m | $447m |
| Employees | 9,500 | 37,200 |
| Market value | $263m | $3.45bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 31 (Weak) | 54 (Moderate) |
| Insider trades, 12 months | 9 buys, 0 sales | 6 buys, 3 sales |