Maximus (MMS) ROIC: History & Chart

Name: Maximus, Inc. (MMS) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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Maximus, Inc.(MMS)

Specialty Business Services · McLean, VA

$54.41+1.76 (+3.34%)

Delayed quote: Oct 5, 2026, 4:00 PM EDT

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About Maximus, Inc.

Maximus, Inc. specializes in delivering business process services (BPS) tailored for governmental health and human welfare initiatives. Its operations are structured into three main divisions: U.S. Services, U.S. Federal Services, and International Services. The U.S. Services division delivers a wide array of BPS solutions to state and local government programs across the United States. These offerings encompass program administration, handling appeals and evaluations, and providing specialized consulting. Key programs supported include the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, and child support initiatives, alongside Preadmission Screening and Resident Reviews and Independent Developmental Disability assessments. Furthermore, this segment facilitates program eligibility and enrollment, operates centralized multilingual contact centers with multichannel and digital self-service capabilities, offers application assistance and impartial health plan selection guidance, and conducts outreach, education, eligibility determination, enrollment, and redetermination for beneficiaries. It also performs person-centered independent assessments for disability, long-term illness, and other health conditions, complemented by targeted consulting services. The U.S. Federal Services segment focuses on providing critical support to federal government agencies. Its services include establishing and managing centralized citizen engagement centers, overseeing document and record management, offering case management and direct citizen support, and delivering consumer education. This division also handles independent medical reviews, appeals for worker's compensation benefits, Medicare and Medicaid appeals, and eligibility appeals for the federal marketplace. Additionally, it contributes to the modernization of systems and IT infrastructure, provides operational support for infrastructure, offers software development, operations, and management, and specializes in data analytics. Internationally, the company's "Outside the U.S." segment delivers BPS offerings to both governmental bodies and commercial enterprises. These services include health and disability evaluations, the administration of employment programs, and various other services aimed at assisting job seekers. Established in 1975, Maximus, Inc. maintains its corporate headquarters in Tysons, Virginia.

McLean, VA

37,200 employees

www.maximus.com

Industrials / Specialty Business Services

Sector: Industrials
Industry: Specialty Business Services
CEO: Bruce L. Caswell

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MMS Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

11.34%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

11.45%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

9.94%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

9.06%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

13.05%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

14.90%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

13.46%

CURRENT VS TTM AVG

-0.95%

CURRENT VS 3Y AVG

+14.08%

CURRENT VS 5Y AVG

+25.16%

CURRENT VS 10Y AVG

-13.13%

CURRENT VS 15Y AVG

-23.90%

CURRENT VS 20Y AVG

-15.79%

SECTOR MEDIAN · INDUSTRIALS

9.00%

median of 170 covered companies

CURRENT VS SECTOR MEDIAN

+25.99%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Maximus, Inc. (MMS)	$2.86B	11.34%	11.45%	9.94%	9.06%
Plug Power Inc. (PLUG)vs ›	$2.64B	-30.72%	-50.51%	-36.76%	-34.08%
Atkore Inc. (ATKR)vs ›	$3.20B	6.21%	15.11%	26.38%	25.84%
Redwire Corp (RDW)vs ›	$2.49B	-12.22%	-23.39%	-36.10%	-30.67%
Exponent, Inc. (EXPO)vs ›	$3.34B	18.49%	13.96%	14.96%	17.01%
Bright Horizons Family Solutions Inc. (BFAM)vs ›	$3.38B	6.87%	6.04%	4.79%	4.02%
NuScale Power Corporation (SMR)vs ›	$2.29B	-36.27%	-46.13%	-91.75%	-348.52%
Intuitive Machines, Inc. (LUNR)vs ›	$2.28B	-9.07%	-18.09%	-120.41%	-120.41%
Teekay Tankers Ltd. (TNK)vs ›	$3.58B	17.97%	15.37%	19.26%	11.99%
Trinity Industries, Inc. (TRN)vs ›	$2.10B	3.08%	4.04%	4.00%	2.75%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Maximus, Inc. (MMS)

$2.86B

11.34%

11.45%

9.94%

9.06%

Plug Power Inc. (PLUG)vs ›

$2.64B

-30.72%

-50.51%

-36.76%

-34.08%

Atkore Inc. (ATKR)vs ›

$3.20B

6.21%

15.11%

26.38%

25.84%

Redwire Corp (RDW)vs ›

$2.49B

-12.22%

-23.39%

-36.10%

-30.67%

Exponent, Inc. (EXPO)vs ›

$3.34B

18.49%

13.96%

14.96%

17.01%

Bright Horizons Family Solutions Inc. (BFAM)vs ›

$3.38B

6.87%

6.04%

4.79%

4.02%

NuScale Power Corporation (SMR)vs ›

$2.29B

-36.27%

-46.13%

-91.75%

-348.52%

Intuitive Machines, Inc. (LUNR)vs ›

$2.28B

-9.07%

-18.09%

-120.41%

Teekay Tankers Ltd. (TNK)vs ›

$3.58B

17.97%

15.37%

19.26%

11.99%

Trinity Industries, Inc. (TRN)vs ›

$2.10B

3.08%

4.04%

4.00%

2.75%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The return on invested capital (ROIC) for MMS stock is 11.34%.

Is Maximus, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 11.34% is 25% above its 5-year average of 9.06%, near the high end of its 5-year range (6.21%–11.99%).

What is the TTM average return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The TTM average return on invested capital (ROIC) for MMS stock is 11.45%.

What is the 3Y average return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The 3Y average return on invested capital (ROIC) for MMS stock is 9.94%.

What is the 5Y average return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The 5Y average return on invested capital (ROIC) for MMS stock is 9.06%.

What is the 10Y average return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The 10Y average return on invested capital (ROIC) for MMS stock is 13.05%.

What is the 15Y average return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The 15Y average return on invested capital (ROIC) for MMS stock is 14.90%.

What is the 20Y average return on invested capital (ROIC) for Maximus, Inc. (MMS)?

The 20Y average return on invested capital (ROIC) for MMS stock is 13.46%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	11.34%
2026-03-31	11.83%
2025-12-31	11.61%
2025-09-30	11.99%
2025-06-30	10.48%
2025-03-31	10.82%
2024-12-31	10.71%
2024-09-30	10.88%
2024-06-30	10.45%
2024-03-31	8.69%
2023-12-31	7.20%
2023-09-30	6.68%
2023-06-30	6.52%
2023-03-31	6.41%
2022-12-31	6.21%
2022-09-30	6.91%
2022-06-30	6.55%
2022-03-31	8.31%
2021-12-31	8.72%
2021-09-30	9.16%
2021-06-30	8.78%
2021-03-31	14.33%
2020-12-31	14.03%
2020-09-30	13.99%
2020-06-30	13.01%
2020-03-31	13.15%
2019-12-31	14.81%
2019-09-30	17.42%
2019-06-30	17.12%
2019-03-31	16.40%
2018-12-31	16.01%
2018-09-30	18.68%
2018-06-30	19.78%
2018-03-31	19.71%
2017-12-31	20.00%
2017-09-30	20.60%
2017-06-30	21.05%
2017-03-31	20.29%
2016-12-31	20.05%
2016-09-30	17.90%
2016-06-30	16.60%
2016-03-31	14.96%
2015-12-31	15.16%
2015-09-30	17.32%
2015-06-30	17.48%
2015-03-31	22.04%
2014-12-31	23.89%
2014-09-30	22.66%
2014-06-30	21.76%
2014-03-31	21.42%
2013-12-31	20.90%
2013-09-30	19.36%
2013-06-30	19.35%
2013-03-31	17.83%
2012-12-31	15.25%
2012-09-30	14.85%
2012-06-30	16.09%
2012-03-31	16.98%
2011-12-31	18.91%
2011-09-30	19.89%
2011-06-30	17.60%
2011-03-31	17.42%
2010-12-31	18.63%
2010-09-30	18.95%
2010-06-30	18.61%
2010-03-31	18.74%
2009-12-31	18.12%
2009-09-30	17.82%
2009-06-30	3.38%
2009-03-31	1.47%
2008-12-31	0.82%
2008-09-30	0.05%
2008-06-30	12.91%
2008-03-31	7.84%
2007-12-31	5.68%
2007-09-30	-0.40%
2007-06-30	-5.72%
2007-03-31	-10.64%
2006-12-31	-7.95%
2006-09-30	-0.41%
2006-06-30	0.94%
2006-03-31	7.20%
2005-12-31	7.53%
2005-09-30	7.95%
2005-06-30	8.97%
2005-03-31	9.24%
2004-12-31	9.54%
2004-09-30	9.74%
2004-06-30	9.58%
2004-03-31	9.63%
2003-12-31	9.16%
2003-09-30	10.11%
2003-06-30	11.37%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

11.34%

2026-03-31

11.83%

2025-12-31

11.61%

2025-09-30

11.99%

2025-06-30

10.48%

2025-03-31

10.82%

2024-12-31

10.71%

2024-09-30

10.88%

2024-06-30

10.45%

2024-03-31

8.69%

2023-12-31

7.20%

2023-09-30

6.68%

2023-06-30

6.52%

2023-03-31

6.41%

2022-12-31

6.21%

2022-09-30

6.91%

2022-06-30

6.55%

2022-03-31

8.31%

2021-12-31

8.72%

2021-09-30

9.16%

2021-06-30

8.78%

2021-03-31

14.33%

2020-12-31

14.03%

2020-09-30

13.99%

2020-06-30

13.01%

2020-03-31

13.15%

2019-12-31

14.81%

2019-09-30

17.42%

2019-06-30

17.12%

2019-03-31

16.40%

2018-12-31

16.01%

2018-09-30

18.68%

2018-06-30

19.78%

2018-03-31

19.71%

2017-12-31

20.00%

2017-09-30

20.60%

2017-06-30

21.05%

2017-03-31

20.29%

2016-12-31

20.05%

2016-09-30

17.90%

2016-06-30

16.60%

2016-03-31

14.96%

2015-12-31

15.16%

2015-09-30

17.32%

2015-06-30

17.48%

2015-03-31

22.04%

2014-12-31

23.89%

2014-09-30

22.66%

2014-06-30

21.76%

2014-03-31

21.42%

2013-12-31

20.90%

2013-09-30

19.36%

2013-06-30

19.35%

2013-03-31

17.83%

2012-12-31

15.25%

2012-09-30

14.85%

2012-06-30

16.09%

2012-03-31

16.98%

2011-12-31

18.91%

2011-09-30

19.89%

2011-06-30

17.60%

2011-03-31

17.42%

2010-12-31

18.63%

2010-09-30

18.95%

2010-06-30

18.61%

2010-03-31

18.74%

2009-12-31

18.12%

2009-09-30

17.82%

2009-06-30

3.38%

2009-03-31

1.47%

2008-12-31

0.82%

2008-09-30

0.05%

2008-06-30

12.91%

2008-03-31

7.84%

2007-12-31

5.68%

2007-09-30

-0.40%

2007-06-30

-5.72%

2007-03-31

-10.64%

2006-12-31

-7.95%

2006-09-30

-0.41%

2006-06-30

0.94%

2006-03-31

7.20%

2005-12-31

7.53%

2005-09-30

7.95%

2005-06-30

8.97%

2005-03-31

9.24%

2004-12-31

9.54%

2004-09-30

9.74%

2004-06-30

9.58%

2004-03-31

9.63%

2003-12-31

9.16%

2003-09-30

10.11%

2003-06-30

11.37%

Return on Invested Capital (ROIC): 11.34%

MMS Return on Invested Capital (ROIC)

MMS Average Return on Invested Capital (ROIC) Chart

MMS Current vs Average Return on Invested Capital (ROIC) Chart

MMS Return on Invested Capital (ROIC) Metrics

MMS Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

MMS Return on Invested Capital (ROIC) History

Related Metrics