Maximus, Inc. (MMS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MMS Revenue Growth
Revenue Breakdown (FY 2025)
MMS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MMS Revenue Analysis (2014–2025)
As of May 8, 2026, Maximus, Inc. (MMS) generated trailing twelve-month (TTM) revenue of $5.32 billion, reflecting slight decline in growth of -4.1% year-over-year. The most recent quarter (Q2 2026) recorded $1.31 billion in revenue, down 2.9% sequentially.
Looking at the longer-term picture, MMS's 5-year compound annual growth rate (CAGR) stands at +9.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $5.43 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MMS's business is primarily driven by Clinical Services (87%), and Advanced Technology Solutions (13%). With over half of revenue concentrated in Clinical Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including CACI (+9.6% YoY), SAIC (-2.9% YoY), and LDOS (+2.5% YoY), MMS has underperformed the peer group in terms of revenue growth. Compare MMS vs CACI →
MMS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MMSCurrent | $5.3B | -4.1% | +9.4% | 10.6% | |
 CACI | $8.6B | +9.6% | +8.6% | 8.9% | |
 SAIC | $7.3B | -2.9% | +0.6% | 7.1% | |
 LDOS | $17.2B | +2.5% | +6.9% | 12.3% | |
 BAH | $12.0B | -3.1% | +9.9% | 11.4% | |
 CNXC | $9.8B | +2.2% | +15.8% | 6.2% |
MMS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.43B | +2.4% | $1.25B | 23.0% | $576.8M | 10.6% |
| 2024 | $5.31B | +8.2% | $1.16B | 21.9% | $491.7M | 9.3% |
| 2023 | $4.90B | +5.9% | $934.0M | 19.0% | $295.4M | 6.0% |
| 2022 | $4.63B | +8.9% | $849.3M | 18.3% | $311.8M | 6.7% |
| 2021 | $4.25B | +22.9% | $902.6M | 21.2% | $419.4M | 9.9% |
| 2020 | $3.46B | +19.9% | $675.4M | 19.5% | $291.2M | 8.4% |
| 2019 | $2.89B | +20.7% | $592.9M | 20.5% | $319.8M | 11.1% |
| 2018 | $2.39B | -2.4% | $584.1M | 24.4% | $299.8M | 12.5% |
| 2017 | $2.45B | +2.0% | $599.7M | 24.5% | $315.2M | 12.9% |
| 2016 | $2.40B | +14.5% | $548.8M | 22.8% | $282.8M | 11.8% |
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Start ComparisonMMS — Frequently Asked Questions
Quick answers to the most common questions about buying MMS stock.
Is MMS's revenue growth accelerating or slowing?
MMS revenue growth slowed to -4.1%, below the 5-year CAGR of +9.4%. TTM revenue is $5.3B. The deceleration marks a shift from historical growth rates.
What is MMS's long-term revenue growth rate?
Maximus, Inc.'s 5-year revenue CAGR of +9.4% reflects the variable expansion pattern. Current YoY growth of -4.1% is near this long-term average.
How is MMS's revenue distributed by segment?
MMS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.