Maximus annual net debt
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Maximus Net Debt Growth & History (MMS)
Maximus's net debt was $1.22B for fiscal 2025.
View full Maximus company overviewMaximus annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $1.22B | $128.0M | +11.70% |
| 2024 | 2024-09-30 | $1.09B | −$270.0M | −19.79% |
| 2023 | 2023-09-30 | $1.36B | −$101.7M | −6.94% |
| 2022 | 2022-09-30 | $1.47B | −$107.0M | −6.81% |
| 2021 | 2021-09-30 | $1.57B | $1.43B | +1008.03% |
| 2020 | 2020-09-30 | $141.9M | $237.6M | — |
| 2019 | 2019-09-30 | −$95.7M | $253.2M | — |
| 2018 | 2018-09-30 | −$348.9M | −$183.3M | — |
| 2017 | 2017-09-30 | −$165.6M | −$265.0M | — |
| 2016 | 2016-09-30 | $99.4M | −$37.3M | −27.28% |
| 2015 | 2015-09-30 | $136.7M | $293.6M | — |
| 2014 | 2014-09-30 | −$156.9M | −$32.8M | — |
| 2013 | 2013-09-30 | −$124.1M | $63.4M | — |
| 2012 | 2012-09-30 | −$187.6M | −$16.3M | — |
| 2011 | 2011-09-30 | −$171.3M | −$17.3M | — |
| 2010 | 2010-09-30 | −$153.9M | — | — |
Maximus quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $1.67B | −$45.9M | −2.67% |
| Q2 2026 | 2026-03-31 | $1.47B | −$41.7M | −2.76% |
| Q1 2026 | 2025-12-31 | $1.53B | $89.4M | +6.19% |
| Q4 2025 | 2025-09-30 | $1.22B | $128.0M | +11.70% |
| Q3 2025 | 2025-06-30 | $1.72B | $533.0M | +44.87% |
| Q2 2025 | 2025-03-31 | $1.51B | $218.3M | +16.87% |
| Q1 2025 | 2024-12-31 | $1.44B | $67.7M | +4.92% |
| Q4 2024 | 2024-09-30 | $1.09B | −$270.0M | −19.79% |
| Q3 2024 | 2024-06-30 | $1.19B | −$261.4M | −18.04% |
| Q2 2024 | 2024-03-31 | $1.29B | −$117.3M | −8.31% |
| Q1 2024 | 2023-12-31 | $1.38B | −$304.5M | −18.12% |
| Q4 2023 | 2023-09-30 | $1.36B | −$101.7M | −6.94% |
| Q3 2023 | 2023-06-30 | $1.45B | −$100.8M | −6.50% |
| Q2 2023 | 2023-03-31 | $1.41B | −$121.0M | −7.90% |
| Q1 2023 | 2022-12-31 | $1.68B | $78.0M | +4.87% |
| Q4 2022 | 2022-09-30 | $1.47B | −$107.0M | −6.81% |
| Q3 2022 | 2022-06-30 | $1.55B | −$248.6M | −13.82% |
| Q2 2022 | 2022-03-31 | $1.53B | $1.18B | +331.54% |
| Q1 2022 | 2021-12-31 | $1.60B | $1.53B | +2248.87% |
| Q4 2021 | 2021-09-30 | $1.57B | $1.43B | +1008.03% |
| Q3 2021 | 2021-06-30 | $1.80B | $1.55B | +623.09% |
| Q2 2021 | 2021-03-31 | $355.0M | $133.8M | +60.47% |
| Q1 2021 | 2020-12-31 | $68.2M | $3.5M | +5.35% |
| Q4 2020 | 2020-09-30 | $141.9M | $237.6M | — |
| Q3 2020 | 2020-06-30 | $248.7M | $319.5M | — |
| Q2 2020 | 2020-03-31 | $221.2M | $192.7M | +676.41% |
| Q1 2020 | 2019-12-31 | $64.7M | −$846,000 | −1.29% |
| Q4 2019 | 2019-09-30 | −$95.7M | $253.2M | — |
| Q3 2019 | 2019-06-30 | −$70.8M | — | — |
| Q2 2019 | 2019-03-31 | $28.5M | — | — |
| Q1 2019 | 2018-12-31 | $65.6M | $250.4M | — |
| Q4 2018 | 2018-09-30 | −$348.9M | −$183.3M | — |
| Q1 2018 | 2017-12-31 | −$184.9M | −$265.6M | — |
| Q4 2017 | 2017-09-30 | −$165.6M | −$265.0M | — |
| Q3 2017 | 2017-06-30 | −$88.7M | −$249.1M | — |
| Q2 2017 | 2017-03-31 | $20.9M | −$204.6M | −90.73% |
| Q1 2017 | 2016-12-31 | $80.8M | −$113.6M | −58.44% |
| Q4 2016 | 2016-09-30 | $99.4M | −$37.3M | −27.28% |
| Q3 2016 | 2016-06-30 | $160.4M | — | — |
| Q2 2016 | 2016-03-31 | $225.6M | — | — |
| Q1 2016 | 2015-12-31 | $194.3M | — | — |
| Q4 2015 | 2015-09-30 | $136.7M | $293.6M | — |
| Q4 2014 | 2014-09-30 | −$156.9M | −$32.8M | — |
| Q3 2014 | 2014-06-30 | −$181.6M | $4.8M | — |
| Q2 2014 | 2014-03-31 | −$130.0M | $55.7M | — |
| Q1 2014 | 2013-12-31 | −$119.2M | $46.3M | — |
| Q4 2013 | 2013-09-30 | −$124.1M | $63.4M | — |
| Q3 2013 | 2013-06-30 | −$186.4M | — | — |
| Q2 2013 | 2013-03-31 | −$185.8M | $42.0M | — |
| Q1 2013 | 2012-12-31 | −$165.5M | — | — |
| Q4 2012 | 2012-09-30 | −$187.6M | −$16.3M | — |
| Q2 2012 | 2012-03-31 | −$227.8M | −$46.4M | — |
| Q4 2011 | 2011-09-30 | −$171.3M | −$17.3M | — |
| Q3 2011 | 2011-06-30 | −$202.2M | — | — |
| Q2 2011 | 2011-03-31 | −$181.4M | — | — |
| Q1 2011 | 2010-12-31 | −$175.6M | — | — |
| Q4 2010 | 2010-09-30 | −$153.9M | — | — |
Maximus net debt trends
Over the last five fiscal years, Maximus's net debt increased from $141.9M to $1.22B, a change of $1.08B. The latest reported quarter, Q3 2026, shows $1.67B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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