What is the 13F Pro Quality Score for MMS?

13F Pro ranks MAXIMUS, INC. (MMS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MMS's current score at https://13fpro.ai/research/MMS (free sign-up required for the full ranking).

Which hedge funds own the most MMS stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MMS include FMR, BlackRock,, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/MMS as soon as new 13F filings post.

Where does 13F Pro source MMS data?

All MAXIMUS, INC. fundamentals and ownership data come directly from SEC EDGAR. MAXIMUS, INC. files with the SEC under CIK 1032220. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MMS in?

MAXIMUS, INC. (MMS) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

How often is MMS research updated on 13F Pro?

MMS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MAXIMUS, INC.(MMS)Stock Analysis

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13F Pro Quality Score

57.4/100

Rank #1,047 of 2,879 stocksTOP 50%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

39.2/100

Profitability

66.4/100

Balance Sheet

86.0/100

Earnings Quality

72.1/100

Free Cash Flow

24.6/100

Institutional Flow

20.2/100

Revenue Scale

79.0/100

Dilution Risk

64.7/100

MMS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MAXIMUS, INC. (MMS), a Industrials sector company. 13F Pro's AI-powered ranking engine scores MMS at 57.4/100 on a 32-signal composite quality model, placing it at rank #1,047 of 2,879 stocks — the top half of the AI-ranked universe. MMS scores in the top quartile across balance sheet strength (86.0), revenue scale (79.0). Areas of concern include institutional flow (20.2) and free cash flow (24.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), MAXIMUS, INC. reports quarterly revenue of $1.3B, net income of $98.1M, an operating margin of 11.4%. Top institutional holders of MMS by reported 13-F value include FMR, BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. MMS trades on the NYSE exchange and files with the SEC under CIK 1032220. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MMS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MAXIMUS, INC. directly from SEC EDGAR. MAXIMUS, INC.'s 13F Pro composite quality score has ranged between 8 and 69 since 2021, currently 57.4 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about MAXIMUS, INC.

Quirks, history, and lore behind MMS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. government services company · mid-cap · listed on NYSE · headquartered in Virginia.
2
The Numbers
Annual revenue in the range of $5–6 billion, with the U.S. federal government as its dominant customer — Uncle Sam essentially signs the paychecks here.
3
The History
Founded in 1975, it built its business administering government health and human services programs — the unglamorous back-office work that keeps social safety nets running.
4
The Secret
It doesn't build jets or tanks — it processes Medicaid and Medicare eligibility, manages welfare-to-work programs, and runs contact centers on behalf of government agencies worldwide.
5
The Lore
Its name is borrowed straight from Roman mythology — the god of boundaries and transitions — which is either poetic or deeply ironic for a company that handles benefits paperwork.
6
The Giveaway
Ticker MMS, named for a Roman demigod, this Reston-based firm is essentially the largest outsourcer of U.S. government health and social services programs on the planet.

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Revenue

Q2 2026

$1.3B

Net Income

Q2 2026

$98.1M

Free Cash Flow

Q2 2026

$179.0M

Operating Margin

Q2 2026

11.4%

D/E Ratio

Q2 2026

0.90

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+2.4% YoY

$5.43BFY 2025

FY21 $4.25BFY22 $4.63BFY24 $5.31BFY25 $5.43B

Net Income

+3.9% YoY

$319.0MFY 2025

FY21 $291.2MFY22 $203.8MFY24 $306.9MFY25 $319.0M

Operating Income

+8.1% YoY

$528.3MFY 2025

FY21 $408.5MFY22 $325.9MFY24 $488.5MFY25 $528.3M

EPS (Diluted)

+10.4% YoY

$5.51FY 2025

FY21 $4.67FY22 $3.29FY24 $4.99FY25 $5.51

Total Assets

-1.5% YoY

$4.07BFY 2025

FY21 $4.12BFY22 $3.99BFY24 $4.13BFY25 $4.07B

Total Debt

+17.9% YoY

$1.33BFY 2025

FY21 $1.51BFY22 $1.36BFY24 $1.13BFY25 $1.33B

Op. Cash Flow

-16.7% YoY

$429.4MFY 2025

FY21 $517.3MFY22 $289.8MFY24 $515.3MFY25 $429.4M

Metric	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$5.43B +2.4%	$5.31B +14.6%	$4.63B +8.9%	$4.25B +22.9%	$3.46B +19.9%	$2.89B
Net Income	$319.0M +3.9%	$306.9M +50.6%	$203.8M -30.0%	$291.2M +35.8%	$214.5M -10.9%	$240.8M
Operating Income	$528.3M +8.1%	$488.5M +49.9%	$325.9M -20.2%	$408.5M +41.7%	$288.3M -9.1%	$317.1M
EPS (Diluted)	$5.51 +10.4%	$4.99 +51.7%	$3.29 -29.6%	$4.67 +37.8%	$3.39 -8.9%	$3.72
Total Assets	$4.07B -1.5%	$4.13B +3.5%	$3.99B -3.1%	$4.12B +103.4%	$2.02B +16.0%	$1.75B
Total Debt	$1.33B +17.9%	$1.13B -16.5%	$1.36B -10.2%	$1.51B +3695.8%	$39.8M +302.2%	$9.9M
Operating Cash Flow	$429.4M -16.7%	$515.3M +77.8%	$289.8M -44.0%	$517.3M +111.5%	$244.6M -31.4%	$356.7M

AI Insight: MMS Financial Trends

Operating income stabilized near $148M in Q1 2026, but total debt has risen 35% since Q2 2024 while revenue has drifted lower, pressuring long-term returns.

• Revenue has declined from $1,403M in Q4 2024 to $1,306M in Q1 2026, a four-quarter downward drift of roughly 7%.

• Operating income recovered to $148M in Q1 2026 from a trough of $87M in Q4 2024, suggesting margin stabilization.

• Total debt surged from $1,141M in Q2 2024 to $1,657M in Q2 2025 before partially retreating to $1,536M in Q1 2026.

• Operating cash flow is highly volatile, swinging from $649M in Q3 2025 to -$244M in Q4 2025 and back to $190M in Q1 2026.

⚠ Debt remains $395M higher than Q2 2024 levels with equity flat — leverage expansion is a key risk to monitor.

⚠ Erratic operating cash flow (three negative quarters in eight) raises questions about working-capital management and earnings quality.

⚠ Whether operating income can sustain above $140M as revenue continues to compress will be the key margin inflection test.

AI Insight: MMS Ratio Trends

Q1 2026 operating margin hit 11.4%, matching multi-quarter highs, but ROIC has compressed ~100bp versus Q1 2025's 19.4%.

• Operating margin recovered from a Q4 2024 trough of 6.2% to 11.4% in Q1 2026, the strongest single-quarter reading in the dataset.

• ROE improved from 10.0% in Q4 2024 to 23.1% in Q1 2026, broadly in line with Q1 2025's 23.2%.

• ROIC declined from 19.4% in Q1 2025 to 18.4% in Q1 2026, a modest year-over-year contraction despite margin recovery.

• D/E rose from 0.63 in Q2 2024 to 0.91 in Q1 2026, indicating meaningfully higher leverage over the past four quarters.

⚠ Q3 seasonal margin dip is recurring — Q3 2024 (8.5%) and Q3 2025 (9.3%) both pulled ROIC and NPM sharply lower; watch Q3 2026.

⚠ D/E at 0.91 is near its dataset high; further leverage increases could pressure interest coverage if margins seasonally weaken.

⚠ ROIC trend (19.4% → 18.4% YoY) warrants monitoring — sustained compression would signal capital deployment is becoming less efficient.

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Available Research

13F Pro tracks comprehensive data for MAXIMUS, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MMS

FMR LLC
$524.2M8,178,373 sh
BlackRock, Inc.
$482.0M7,519,627 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$222.5M3,471,636 sh
STATE STREET CORP
$157.6M2,458,892 sh
VANGUARD CAPITAL MANAGEMENT LLC
$156.3M2,437,636 sh
DIMENSIONAL FUND ADVISORS LP
$135.1M2,107,278 sh
FULLER & THALER ASSET MANAGEMENT, INC.
$133.4M2,081,466 sh
MACKENZIE FINANCIAL CORP
$101.2M1,578,075 sh
GEODE CAPITAL MANAGEMENT, LLC
$96.0M1,497,679 sh
Allianz Asset Management GmbH
$57.4M894,929 sh

Fund	Value	Shares
FMR LLC	$524.2M	8,178,373
BlackRock, Inc.	$482.0M	7,519,627
VANGUARD PORTFOLIO MANAGEMENT LLC	$222.5M	3,471,636
STATE STREET CORP	$157.6M	2,458,892
VANGUARD CAPITAL MANAGEMENT LLC	$156.3M	2,437,636
DIMENSIONAL FUND ADVISORS LP	$135.1M	2,107,278
FULLER & THALER ASSET MANAGEMENT, INC.	$133.4M	2,081,466
MACKENZIE FINANCIAL CORP	$101.2M	1,578,075
GEODE CAPITAL MANAGEMENT, LLC	$96.0M	1,497,679
Allianz Asset Management GmbH	$57.4M	894,929

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Is MMS a good stock to buy?

13F Pro's AI-powered analysis of MAXIMUS, INC. (MMS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MMS are available on the MMS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MMS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MMS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MAXIMUS, INC.'s investment landscape.