Maximus, Inc. — Earnings Quality Grade F
MMS · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 48 days, change -2 days YoY
AR growth -1.9% vs revenue growth 2.4%
Revenue 2.4%, CFFO -16.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -44.6% vs revenue 2.4%. Normal
SG&A/Gross Profit = 53.5%. Normal
Gross margin 24.6%, change +1.0pp. Stable
Cash Flow Quality
CFFO/NI = 1.35. Profits backed by cash
FCF $0.4B, FCF/NI = 1.15
Accruals ratio = -2.7%. Low accruals
Cash $0.2B covers only 15% of debt $1.4B
Balance Sheet Health
Goodwill+Intangibles $2.5B = 151% of equity. Over 50%
Debt/EBITDA = 2.2x. Healthy
Other assets -53.9% vs revenue 2.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.71 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25