Maximus (FRA:MMY) EBIT: €502 Mil (TTM As of Mar. 2026)


FRA:MMY Maximus Inc FRA:MMY
75 GF Score
Price €46.60
GF Value €77.66
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Maximus EBIT?

Maximus FRA:MMY -3.32% 75 EBIT is €502 Mil as of Mar. 2026. GuruFocus rates FRA:MMY with a GF Score™ of 75/100 and a GF Value™ of €77.66 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Maximus's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €129 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €502 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maximus's annualized ROC % for the quarter that ended in Mar. 2026 was 12.21%. Maximus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 94.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maximus's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.02%.


Maximus  (FRA:MMY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Maximus's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=513.764 * ( 1 - 22.5% )/( (3236.38 + 3285.944)/ 2 )
=398.1671/3261.162
=12.21 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3593.888 - 240.003 - ( 117.505 - max(0, 519.271 - 1215.42+117.505))
=3236.38

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3666.886 - 244.746 - ( 136.196 - max(0, 589.659 - 1305.154+136.196))
=3285.944

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Maximus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=514.312/( ( (104.045 + max(488.83, 0)) + (96.253 + max(395.631, 0)) )/ 2 )
=514.312/( ( 592.875 + 491.884 )/ 2 )
=514.312/542.3795
=94.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(813.082 + 0 + 113.215) - (240.003 + 39.767 + 157.697)
=488.83

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(750.897 + 0 + 148.473) - (244.746 + 32.792 + 226.201)
=395.631

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Maximus's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=502.493/3858.043
=13.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Maximus EBIT Related Terms


Maximus EBIT Historical Data

* Premium members only.

The historical data trend for Maximus's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maximus EBIT Chart

Maximus Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 338.66 326.29 275.88 440.54 450.65

Maximus Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 142.39 143.60 104.71 125.61 128.58

FRA:MMY vs FA, AZZ, CMPR: EBIT Comparison

For the Specialty Business Services subindustry, Maximus's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Maximus EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Maximus's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Maximus's EV-to-EBIT falls into.


FRA:MMY
75GF Score
Maximus Inc FRA:MMY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maximus EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €502 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €502 Mil mean?
Maximus (FRA:MMY) has a EBIT of €502 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Maximus.
Is Maximus' EBIT too high?
Maximus' current EBIT is €502 Mil. Overall, Maximus has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maximus' EBIT compare to FA and AZZ?
Maximus' EBIT of €502 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Maximus. Maximus's current EBIT is €502 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maximus stock overvalued right now?
Based on GuruFocus' analysis, Maximus (FRA:MMY) is currently considered Significantly Undervalued. The stock's GF Value™ is €77.66, compared to a current price of €46.60 — trading 40% below its estimated fair value. The current EBIT is €502 Mil. Maximus' overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Maximus (FRA:MMY), the current EBIT is €502 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maximus (FRA:MMY) Overvalued in 2026?

Based on GuruFocus' analysis, Maximus stock appears to be undervalued. The current stock price of €46.60 is trading 40% below its estimated GF Value™ of €77.66. GuruFocus considers Maximus to be Significantly Undervalued.

Key valuation signals for FRA:MMY:

  • EBIT: €502 Mil
  • GF Value™: €77.66 vs. price of €46.60 (40% below fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the FRA:MMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maximus Business Description

Other Exchanges MMS:USA
Address 1600 Tysons Boulevard, McLean, VA, USA, 22102
Maximus Inc designs, develops, and delivers programs enabling people to access vital government services. It translates health and human services public policy into operating models that achieve outcomes for governments at scale. The company covers a broad array of services, including the operation of large health insurance eligibility and enrollment programs; clinical services, including assessments, appeals, and independent medical reviews; and technology services. The company operates through the following segments: U.S. Federal Services, U.S. Services, and Outside the U.S. A majority of its revenue is derived from the U.S. Federal Services segment, which engages with various U.S. federal government agencies to deliver clinical services, maintenance services, and technology solutions.
75GF Score

Get the complete analysis for FRA:MMY

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€46.60
Price
€77.66
GF Value