Maximus annual debt-to-equity ratio
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2025
Maximus Debt-to-Equity Ratio Growth & History (MMS)
Maximus's debt-to-equity ratio was 0.86 for fiscal 2025.
View full Maximus company overviewMaximus annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | 0.86 | 0.17 | +24.50% |
| 2024 | 2024-09-30 | 0.69 | −0.16 | −19.14% |
| 2023 | 2023-09-30 | 0.86 | −0.12 | −11.85% |
| 2022 | 2022-09-30 | 0.97 | −0.18 | −15.73% |
| 2021 | 2021-09-30 | 1.15 | 0.98 | +570.44% |
| 2020 | 2020-09-30 | 0.17 | 0.16 | +2070.91% |
| 2019 | 2019-09-30 | 0.01 | 0.01 | +2196.75% |
| 2018 | 2018-09-30 | 0.00 | −0.00 | −51.44% |
| 2017 | 2017-09-30 | 0.00 | −0.22 | −99.68% |
| 2016 | 2016-09-30 | 0.22 | −0.12 | −35.95% |
| 2015 | 2015-09-30 | 0.35 | 0.34 | +15668.36% |
| 2014 | 2014-09-30 | 0.00 | −0.00 | −22.16% |
| 2013 | 2013-09-30 | 0.00 | −0.00 | −26.93% |
| 2012 | 2012-09-30 | 0.00 | −0.00 | −15.03% |
| 2011 | 2011-09-30 | 0.00 | 0.00 | +8.75% |
| 2010 | 2010-09-30 | 0.00 | — | — |
Maximus quarterly debt-to-equity ratio
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Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | 0.99 | −0.01 | −0.92% |
| Q2 2026 | 2026-03-31 | 0.96 | −0.01 | −1.27% |
| Q1 2026 | 2025-12-31 | 0.97 | 0.05 | +5.51% |
| Q4 2025 | 2025-09-30 | 0.86 | 0.17 | +24.50% |
| Q3 2025 | 2025-06-30 | 1.00 | 0.29 | +41.52% |
| Q2 2025 | 2025-03-31 | 0.97 | 0.21 | +26.78% |
| Q1 2025 | 2024-12-31 | 0.92 | 0.06 | +6.86% |
| Q4 2024 | 2024-09-30 | 0.69 | −0.16 | −19.14% |
| Q3 2024 | 2024-06-30 | 0.71 | −0.20 | −21.93% |
| Q2 2024 | 2024-03-31 | 0.77 | −0.15 | −16.35% |
| Q1 2024 | 2023-12-31 | 0.86 | −0.24 | −21.87% |
| Q4 2023 | 2023-09-30 | 0.86 | −0.12 | −11.85% |
| Q3 2023 | 2023-06-30 | 0.91 | −0.17 | −15.86% |
| Q2 2023 | 2023-03-31 | 0.92 | −0.13 | −12.36% |
| Q1 2023 | 2022-12-31 | 1.10 | −0.06 | −5.53% |
| Q4 2022 | 2022-09-30 | 0.97 | −0.18 | −15.73% |
| Q3 2022 | 2022-06-30 | 1.08 | −0.22 | −17.13% |
| Q2 2022 | 2022-03-31 | 1.05 | 0.71 | +213.56% |
| Q1 2022 | 2021-12-31 | 1.17 | 1.01 | +654.60% |
| Q4 2021 | 2021-09-30 | 1.15 | 0.98 | +570.44% |
| Q3 2021 | 2021-06-30 | 1.30 | 1.03 | +371.63% |
| Q2 2021 | 2021-03-31 | 0.33 | 0.03 | +9.22% |
| Q1 2021 | 2020-12-31 | 0.15 | −0.01 | −6.23% |
| Q4 2020 | 2020-09-30 | 0.17 | 0.16 | +2070.91% |
| Q3 2020 | 2020-06-30 | 0.28 | 0.28 | +125147.70% |
| Q2 2020 | 2020-03-31 | 0.31 | 0.24 | +372.26% |
| Q1 2020 | 2019-12-31 | 0.16 | 0.06 | +52.79% |
| Q4 2019 | 2019-09-30 | 0.01 | 0.01 | +2196.75% |
| Q3 2019 | 2019-06-30 | 0.00 | — | — |
| Q2 2019 | 2019-03-31 | 0.06 | — | — |
| Q1 2019 | 2018-12-31 | 0.11 | 0.10 | +796.85% |
| Q4 2018 | 2018-09-30 | 0.00 | −0.00 | −51.44% |
| Q1 2018 | 2017-12-31 | 0.01 | −0.19 | −93.93% |
| Q4 2017 | 2017-09-30 | 0.00 | −0.22 | −99.68% |
| Q3 2017 | 2017-06-30 | 0.02 | −0.28 | −94.10% |
| Q2 2017 | 2017-03-31 | 0.14 | −0.29 | −67.48% |
| Q1 2017 | 2016-12-31 | 0.20 | −0.20 | −50.77% |
| Q4 2016 | 2016-09-30 | 0.22 | −0.12 | −35.95% |
| Q3 2016 | 2016-06-30 | 0.30 | — | — |
| Q2 2016 | 2016-03-31 | 0.43 | — | — |
| Q1 2016 | 2015-12-31 | 0.40 | — | — |
| Q4 2015 | 2015-09-30 | 0.35 | 0.34 | +15668.36% |
| Q4 2014 | 2014-09-30 | 0.00 | −0.00 | −22.16% |
| Q3 2014 | 2014-06-30 | 0.00 | −0.00 | −26.92% |
| Q2 2014 | 2014-03-31 | 0.00 | −0.00 | −29.17% |
| Q1 2014 | 2013-12-31 | 0.00 | −0.00 | −28.56% |
| Q4 2013 | 2013-09-30 | 0.00 | −0.00 | −26.93% |
| Q3 2013 | 2013-06-30 | 0.00 | — | — |
| Q2 2013 | 2013-03-31 | 0.00 | −0.00 | −24.54% |
| Q1 2013 | 2012-12-31 | 0.00 | — | — |
| Q4 2012 | 2012-09-30 | 0.00 | −0.00 | −15.03% |
| Q2 2012 | 2012-03-31 | 0.00 | −0.00 | −9.18% |
| Q4 2011 | 2011-09-30 | 0.00 | 0.00 | +8.75% |
| Q3 2011 | 2011-06-30 | 0.00 | — | — |
| Q2 2011 | 2011-03-31 | 0.00 | — | — |
| Q1 2011 | 2010-12-31 | 0.00 | — | — |
| Q4 2010 | 2010-09-30 | 0.00 | — | — |
Maximus debt-to-equity ratio trends
Over the last five fiscal years, Maximus's debt-to-equity ratio increased from 0.17 to 0.86, a change of 0.69. The latest reported quarter, Q3 2026, shows 0.99.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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