undamentalytics Newsletter
Sign in

Maximus, Inc. balance sheet

At the end of fiscal 2025, Maximus, Inc. had total assets of $4.07bn, total liabilities of $2.40bn and shareholders' equity of $1.67bn. It held $222m in cash against $1.35bn of debt: net debt of $1.12bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Sept 20092010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Cash and equivalents88155173189126158756616634910672135416518322257
Receivables—1361471732642633964443943584777868358078278808981,382
Total current assets—3563914434905325626216578097899331,0791,0321,0551,2011,2531,641
Goodwill6171711121721713763984034005845931,7741,7791,7791,7831,7821,781
Total assets4335285656958589011,2721,3491,3511,4621,7462,0254,1193,9933,9864,1324,0704,367
Accounts payable—4955———————————————
Deferred revenue (current)—5848465356787472394352998760835437
Total current liabilities—165164185262265356341316277364561789774723808765678
Short-term debt——000000001011816387405372
Long-term debt—12211211165100181,4291,2921,1631,0921,2821,565
Total debt0122112111661010291,5241,3661,2581,1461,3471,654
Total liabilities—1891912443283456565964053764987832,6392,4432,3182,2892,3962,626
Shareholders' equity2973393744515305566127499401,0841,2481,2421,4801,5491,6681,8431,6741,741
Net debt (negative = net cash)−88−154−171−188−124−15713699−166−349−96−431,3881,3261,1929631,1251,597
Shares outstanding—69m68m68m69m67m65m65m65m64m64m62m62m61m61m60m55m52m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: BR vs MMSCNXC vs MMSALIT vs MMS

More: Data Processing & Outsourced Services stocks compared, Industrials sector, rankings of US companies

Figures from Maximus, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Maximus, Inc.