Maximus, Inc. (MMS) Free cash flow
- Free cash flow · 12 months (USD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $469.51M | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 1.27× | Operating cash flow / net income. Period ending 2026-06-30. $469.51M ÷ $370.89M ≈ 1.27× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 469.51M USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | (m) | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 5.25B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 370.89M USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | (m) | $469.51M | (m) | (m) | $5.25B | (m) | $370.89M | (m) | (m) | (m) | 1.27× |
| 2026-03-31 | (m) | (m) | $411.78M | (m) | (m) | $5.32B | (m) | $373.27M | (m) | (m) | (m) | 1.10× |
| 2025-12-31 | (m) | (m) | $264.97M | (m) | (m) | $5.37B | (m) | $371.78M | (m) | (m) | (m) | 0.71× |
| 2025-09-30 | (m) | (m) | $429.37M | (m) | (m) | $5.43B | (m) | $319.03M | (m) | (m) | (m) | 1.35× |
| 2025-06-30 | (m) | (m) | $-56.17M | (m) | (m) | $5.43B | (m) | $316.25M | (m) | (m) | (m) | -0.18× |
| 2025-03-31 | (m) | (m) | $325.88M | (m) | (m) | $5.40B | (m) | $300.02M | (m) | (m) | (m) | 1.09× |
| 2024-12-31 | (m) | (m) | $413.65M | (m) | (m) | $5.38B | (m) | $283.96M | (m) | (m) | (m) | 1.46× |
| 2024-09-30 | (m) | (m) | $515.26M | (m) | (m) | $5.31B | (m) | $306.91M | (m) | (m) | (m) | 1.68× |
| 2024-06-30 | (m) | (m) | $496.01M | (m) | (m) | $5.25B | (m) | $293.56M | (m) | (m) | (m) | 1.69× |
| 2024-03-31 | (m) | (m) | $291.40M | (m) | (m) | $5.12B | (m) | $234.67M | (m) | (m) | (m) | 1.24× |
| 2023-12-31 | (m) | (m) | $470.61M | (m) | (m) | $4.98B | (m) | $185.94M | (m) | (m) | (m) | 2.53× |
| 2023-09-30 | (m) | (m) | $314.34M | (m) | (m) | $4.90B | (m) | $161.79M | (m) | (m) | (m) | 1.94× |
| 2023-06-30 | (m) | (m) | $289.81M | (m) | (m) | $4.82B | (m) | $171.71M | (m) | (m) | (m) | 1.69× |
| 2023-03-31 | (m) | (m) | $353.02M | (m) | (m) | $4.76B | (m) | $172.19M | (m) | (m) | (m) | 2.05× |
| 2022-12-31 | (m) | (m) | $158.10M | (m) | (m) | $4.73B | (m) | $190.49M | (m) | (m) | (m) | 0.83× |
| 2022-09-30 | (m) | (m) | $289.84M | (m) | (m) | $4.63B | (m) | $203.83M | (m) | (m) | (m) | 1.42× |
| 2022-06-30 | (m) | (m) | $440.44M | (m) | (m) | $4.56B | (m) | $186.78M | (m) | (m) | (m) | 2.36× |
| 2022-03-31 | (m) | (m) | $349.48M | (m) | (m) | $4.68B | (m) | $249.94M | (m) | (m) | (m) | 1.40× |
| 2021-12-31 | (m) | (m) | $416.29M | (m) | (m) | $4.46B | (m) | $280.45M | (m) | (m) | (m) | 1.48× |
| 2021-09-30 | (m) | (m) | $517.32M | (m) | (m) | $4.25B | (m) | $291.20M | (m) | (m) | (m) | 1.78× |
| 2021-06-30 | (m) | (m) | $395.17M | (m) | (m) | $4.07B | (m) | $302.85M | (m) | (m) | (m) | 1.30× |
| 2021-03-31 | (m) | (m) | $415.02M | (m) | (m) | $3.73B | (m) | $272.82M | (m) | (m) | (m) | 1.52× |
| 2020-12-31 | (m) | (m) | $255.44M | (m) | (m) | $3.59B | (m) | $219.85M | (m) | (m) | (m) | 1.16× |
| 2020-09-30 | (m) | (m) | $244.59M | (m) | (m) | $3.46B | (m) | $214.51M | (m) | (m) | (m) | 1.14× |
| 2020-06-30 | (m) | (m) | $189.10M | (m) | (m) | $3.29B | (m) | $210.94M | (m) | (m) | (m) | 0.90× |
| 2020-03-31 | (m) | (m) | $338.79M | (m) | (m) | $3.12B | (m) | $209.37M | (m) | (m) | (m) | 1.62× |
| 2019-12-31 | (m) | (m) | $384.65M | (m) | (m) | $3.04B | (m) | $243.65M | (m) | (m) | (m) | 1.58× |
| 2019-09-30 | (m) | (m) | $356.73M | (m) | (m) | $2.89B | (m) | $240.82M | (m) | (m) | (m) | 1.48× |
| 2019-06-30 | (m) | (m) | $398.92M | (m) | (m) | $2.69B | (m) | $227.04M | (m) | (m) | (m) | 1.76× |
| 2019-03-31 | (m) | (m) | $333.98M | (m) | (m) | $2.56B | (m) | $224.00M | (m) | (m) | (m) | 1.49× |
| 2018-12-31 | (m) | (m) | $344.87M | (m) | (m) | $2.43B | (m) | $217.57M | (m) | (m) | (m) | 1.59× |
| 2018-09-30 | (m) | (m) | $323.52M | (m) | (m) | $2.39B | (m) | $220.75M | (m) | (m) | (m) | 1.47× |
| 2018-06-30 | (m) | (m) | $274.16M | (m) | (m) | $2.45B | (m) | $227.77M | (m) | (m) | (m) | 1.20× |
| 2018-03-31 | (m) | (m) | $316.92M | (m) | (m) | $2.46B | (m) | $224.83M | (m) | (m) | (m) | 1.41× |
| 2017-12-31 | (m) | (m) | $303.93M | (m) | (m) | $2.47B | (m) | $221.85M | (m) | (m) | (m) | 1.37× |
| 2017-09-30 | (m) | (m) | $337.20M | (m) | (m) | $2.45B | (m) | $209.43M | (m) | (m) | (m) | 1.61× |
| 2017-06-30 | (m) | (m) | $323.99M | (m) | (m) | $2.45B | (m) | $206.84M | (m) | (m) | (m) | 1.57× |
| 2017-03-31 | (m) | (m) | $295.01M | (m) | (m) | $2.47B | (m) | $202.15M | (m) | (m) | (m) | 1.46× |
| 2016-12-31 | (m) | (m) | $249.80M | (m) | (m) | $2.45B | (m) | $198.42M | (m) | (m) | (m) | 1.26× |
| 2016-09-30 | (m) | (m) | $180.03M | (m) | (m) | $2.40B | (m) | $178.36M | (m) | (m) | (m) | 1.01× |
| 2016-06-30 | (m) | (m) | $133.37M | (m) | (m) | $2.36B | (m) | $163.06M | (m) | (m) | (m) | 0.82× |
| 2016-03-31 | (m) | (m) | $166.01M | (m) | (m) | $2.31B | (m) | $152.50M | (m) | (m) | (m) | 1.09× |
| 2015-12-31 | $55.06M | (m) | $150.99M | $95.93M | (m) | $2.19B | (m) | $142.52M | (m) | (m) | 2.51% | 1.06× |
| 2015-09-30 | $107.22M | (m) | $206.22M | $98.99M | (m) | $2.10B | (m) | $157.77M | (m) | (m) | 5.11% | 1.31× |
| 2015-06-30 | $143.31M | (m) | $229.43M | $86.12M | (m) | $1.96B | (m) | $158.57M | (m) | (m) | 7.32% | 1.45× |
| 2015-03-31 | $128.23M | (m) | $199.21M | $70.97M | (m) | $1.80B | (m) | $151.04M | (m) | (m) | 7.11% | 1.32× |
| 2014-12-31 | $183.67M | (m) | $228.25M | $44.58M | (m) | $1.76B | (m) | $153.44M | (m) | (m) | 10.43% | 1.49× |
| 2014-09-30 | $177.34M | (m) | $213.60M | $36.26M | (m) | $1.70B | (m) | $145.44M | (m) | (m) | 10.43% | 1.47× |
| 2014-06-30 | $160.41M | (m) | $197.51M | $37.10M | (m) | $1.65B | (m) | $144.83M | (m) | (m) | 9.72% | 1.36× |
| 2014-03-31 | $118.71M | (m) | $158.46M | $39.74M | (m) | $1.56B | (m) | $138.79M | (m) | (m) | 7.59% | 1.14× |
| 2013-12-31 | $112.33M | (m) | $153.26M | $40.93M | (m) | $1.45B | (m) | $129.27M | (m) | (m) | 7.74% | 1.19× |
| 2013-09-30 | $77.36M | (m) | $120.94M | $43.58M | (m) | $1.33B | (m) | $116.73M | (m) | (m) | 5.81% | 1.04× |
| 2013-06-30 | $87.32M | (m) | $118.67M | $31.35M | (m) | $1.25B | (m) | $104.78M | (m) | (m) | 7.00% | 1.13× |
| 2013-03-31 | $59.92M | (m) | $85.06M | $25.14M | (m) | $1.18B | (m) | $97.16M | (m) | (m) | 5.08% | 0.88× |
| 2012-12-31 | $74.33M | (m) | $97.23M | $22.90M | (m) | $1.10B | (m) | $79.75M | (m) | (m) | 6.78% | 1.22× |
| 2012-09-30 | $96.79M | (m) | $115.16M | $18.37M | (m) | $1.05B | (m) | $76.13M | (m) | (m) | 9.22% | 1.51× |
| 2012-06-30 | $93.09M | (m) | $112.52M | $19.43M | (m) | $999.51M | (m) | $78.04M | (m) | (m) | 9.31% | 1.44× |
| 2012-03-31 | $111.84M | (m) | $130.46M | $18.62M | (m) | $971.46M | (m) | $77.44M | (m) | (m) | 11.51% | 1.68× |
| 2011-12-31 | $76.12M | (m) | $94.77M | $18.65M | (m) | $955.12M | (m) | $81.39M | (m) | (m) | 7.97% | 1.16× |
| 2011-09-30 | $78.35M | (m) | $96.86M | $18.51M | (m) | $929.63M | (m) | $81.17M | (m) | (m) | 8.43% | 1.19× |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-09-30 | $124.50M | (m) | $138.44M | $13.94M | (m) | $831.75M | (m) | $70.41M | (m) | (m) | 14.97% | 1.97× |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-09-30 | $10.94M | (m) | $30.63M | $19.69M | (m) | $720.11M | (m) | $46.54M | (m) | (m) | 1.52% | 0.66× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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