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MAXIMUS, INC. (MMS)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-22Sep-30-21Sep-30-20Sep-30-19Sep-30-18Sep-05-18Sep-30-17Sep-30-16
   10-K10-K10-K10-K10-K8-K10-K10-K
Revenues:  
    U.S. Federal Services  2,259.71,893.31,633.31,111.2478.9 545.6591.7
    Outside the U.S.  763.7699.1498.9599.1699.4 685.3 
    Other  1,607.61,662.11,329.31,176.51,213.9 1,220.11,811.6
Total revenues  4,631.04,254.53,461.52,886.82,392.22,392.22,451.02,403.4
            Revenue growth   [+]8.9%22.9%19.9%20.7%-2.4% 2.0%14.5%
Cost of goods sold  3,691.23,307.52,750.52,215.61,797.91,797.91,839.11,841.2
Gross profit  939.8947.0711.0671.2594.4594.4611.9562.2
            Gross margin  20.3%22.3%20.5%23.2%24.8%24.8%25.0%23.4%
Selling, general and administrative  534.5494.1387.1321.0285.2285.2284.6269.1
EBITDA   [+]503.7497.2359.5383.2319.5319.5341.5320.2
            EBITDA margin  10.9%11.7%10.4%13.3%13.4%13.4%13.9%13.3%
Depreciation  90.544.435.633.110.310.312.213.4
EBITA  413.2452.9323.9350.2309.1309.1329.3306.9
            EBITA margin  8.9%10.6%9.4%12.1%12.9%12.9%13.4%12.8%
Amortization of intangibles  90.544.435.633.110.310.312.213.4
EBIT   [+]322.7408.5288.3317.1298.8298.8317.1293.5
            EBIT margin  7.0%9.6%8.3%11.0%12.5%12.5%12.9%12.2%
Non-recurring items   [+]-3.2   3.43.43.56.9
Interest expense  46.014.72.13.01.01.02.24.1
Other income (expense), net   [+]-2.8-10.10.83.24.74.72.93.5
Pre-tax income  277.1383.7287.1317.3299.2299.2314.2286.0
Income taxes  73.392.572.676.878.478.4102.1105.8
            Tax rate  26.4%24.1%25.3%24.2%26.2%26.2%32.5%37.0%
Net income  203.8291.2214.5240.5220.8220.8212.2180.2
            Net margin  4.4%6.8%6.2%8.3%9.2%9.2%8.7%7.5%
   
Basic EPS   [+]$3.30$4.69$3.40$3.73$3.37$65,932.00$3.23$2.74
Diluted EPS   [+]$3.29$4.67$3.39$3.71$3.35$65,932.00$3.21$2.72
   
Dividends per share   [+]$1.12$1.12$1.12$1.00$0.18$180.00$0.18$0.18
   
Shares outstanding (basic)   [+]61.862.163.164.565.50.065.665.8
Shares outstanding (diluted)   [+]62.062.463.364.865.90.066.166.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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