Filing Flows › Maximus (MMS) › Q4 FY24
Maximus (MMS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 21, 2024
Maximus (MMS) reported revenue of $1.3B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +0.1% from the quarter before. Operating margin was 8.5%, net earnings $72.5M (5.5% of revenue).
Maximus, Q4 FY24: revenue $1.3B (+4% year over year), operating margin 8.5%, net earnings $72.5M, operating cash flow $164M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +0.1% | +4% |
| Gross profit | $302M | -9% | +4% |
| Operating profit | $112M | -21% | +13% |
| Net earnings | $72.5M | -19% | +23% |
| Operating cash flow | $164M | -18% | +13% |
| Free cash flow | $132M | — | +17% |
What changed
Revenue was $1.3B in Q4 FY24, up 4% year over year and roughly flat from the previous quarter.
Gross margin was 22.9%, down 0.2 points from a year earlier. Operating profit was $0.11B, a 8.5% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 8% margin then. Operating expenses fell 1% while revenue rose 4%. Net earnings were $0.07B, up 23% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.16B (up 13% year over year), 226% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.08B. After purchases of property and equipment and capitalized software ($0.03B), free cash flow as the company reports it was $0.13B.
Questions
What was Maximus' revenue in the fourth quarter fiscal 2024?
Maximus (MMS) reported revenue of $1.3B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +0.1% from the quarter before.
Was Maximus profitable in the fourth quarter fiscal 2024?
Operating profit was $112M (8.5% of revenue) and net earnings $72.5M.
Source: Maximus 10-K on SEC EDGAR.