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Maximus vs RB Global: MMS and RBA compared
Maximus is the larger company: $1.3B of revenue in its latest quarter (Q3 FY26) against $1.3B for RB Global (Q3 2026). RB Global is growing faster (+17% against -5% a year earlier). RB Global is more profitable, with an operating margin of 17.0% against 12.6%.
Where the money goes: MMS and RBA
Maximus (MMS) · Q3 FY26
Maximus, Q3 FY26: revenue $1.3B (-5% year over year), operating margin 12.6%, net earnings $104M, operating cash flow −$125M. The chart follows the revenue to costs, profit and cash.
RB Global (RBA) · Q3 2026
RB Global, Q3 2026: revenue $1.3B (+17% year over year), operating margin 17.0%, net earnings $140M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Maximus (MMS) | RB Global (RBA) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $1.3B | $1.3B |
| Revenue growth, Y/Y | -5% | +17% |
| Gross margin | 27.3% | — |
| Operating margin | 12.6% | 17.0% |
| Net earnings | $104M | $140M |
| Net margin | 8.1% | 11.0% |
| Operating cash flow | −$125M | $250M |
| Free cash flow | — | $196M |
| Market value | $3.5B | $17.5B |
| P/E | 9.3× | 36.1× |
| Analysts’ mean target | $92.50 | $128.82 |
Where the revenue comes from
Maximus
- Program Operations: $603M (47%)
- Clinical Services: $553M (43%)
- Technology Solutions: $67.2M (5%)
- Employment & Other: $55.9M (4%)
RB Global
- Service revenue: $928M (73%)
- Inventory sales revenue: $346M (27%)
Questions
Which is bigger, Maximus or RB Global?
Maximus is the larger company: $1.3B of revenue in its latest quarter (Q3 FY26) against $1.3B for RB Global (Q3 2026).
Is Maximus or RB Global growing faster?
RB Global is growing faster (+17% against -5% a year earlier).
Which is more profitable, Maximus or RB Global?
RB Global is more profitable, with an operating margin of 17.0% against 12.6%.
More: Maximus earnings · how Maximus makes money · RB Global earnings · how RB Global makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.