Maximus, Inc. (MMS) · Cash Flow

Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.

FMP · MMS · as of 2026-06-10

Financial statements

Operating CF · CapEx · Free Cash Flow

Breakdown	2025-09	2024-09	2023-09	2022-09	2021-09
Operating Activities
Net Income	$0.32B	$0.31B	$0.16B	$0.20B	$0.29B
Depreciation & Amort.	$0.13B	$0.13B	$0.15B	$0.13B	$0.09B
Stock-Based Comp.	$0.04B	$0.04B	$0.03B	$0.03B	$0.03B
Change in Working Capital	($0.09B)	$0.08B	($0.03B)	($0.08B)	$0.10B
Net Cash from Operations	$0.43B	$0.52B	$0.31B	$0.29B	$0.52B
Investing Activities
Capital Expenditure	($0.06B)	($0.11B)	($0.09B)	($0.06B)	($0.04B)
Purchases of Investments	$0.00B	$0.00B	$0.00B	$0.00B	$0.00B
Sales of Investments	$0.00B	$0.00B	$0.00B	$0.00B	$0.00B
Net Cash from Investing	($0.06B)	($0.13B)	($0.08B)	($0.05B)	($1.84B)
Financing Activities
Common Stock Repurchased	($0.45B)	($0.07B)	($0.01B)	($0.10B)	($0.00B)
Dividends Paid	($0.07B)	($0.07B)	($0.07B)	($0.07B)	($0.07B)
Debt Issued / Repaid	$0.20B	($0.11B)	($0.11B)	($0.16B)	$1.49B
Net Cash from Financing	($0.34B)	($0.28B)	($0.25B)	($0.25B)	$1.39B
Free Cash Flow
Free Cash Flow	$0.37B	$0.40B	$0.22B	$0.23B	$0.48B
FCF Margin %(computed)	6.74%	7.56%	4.56%	5.05%	11.30%

Data source: Financial Modeling Prep · Last updated: 2026-06-10 · USD · B

SEC 10-K filings →SEC 10-Q filings →

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Revenue History

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About Maximus, Inc. (MMS) Cash Flow Statement

Maximus, Inc. generated operating cash flow of $0.43B and free cash flow of $0.37B for 2025 — a FCF margin of 6.74%. Capital expenditure was ($0.06B).

Frequently asked questions

MMS · 4 questions

Maximus, Inc. generated free cash flow of $0.37B for 2025, down 8.7% year-over-year.

MMS free cash flowFCF margincash flow yield

· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-10