Maximus Inc (MMS)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,251,650 | 1,028,610 | 939,810 | 946,975 | 711,002 |
| Revenue | US$ in thousands | 5,306,200 | 4,904,730 | 4,631,020 | 4,254,480 | 3,461,540 |
| Gross profit margin | 23.59% | 20.97% | 20.29% | 22.26% | 20.54% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,251,650K ÷ $5,306,200K
= 23.59%
Maximus Inc's gross profit margin has shown a consistent improvement over the past five years, reaching 23.59% as of September 30, 2024. This upward trend indicates that the company has been able to effectively control its production costs relative to its revenue.
The increase in gross profit margin suggests that Maximus Inc has potentially enhanced its pricing strategy, negotiated better terms with suppliers, or streamlined its production processes. This improvement reflects positively on the company's operational efficiency and profitability.
Comparing the current gross profit margin to previous years, it is evident that Maximus Inc has made significant strides in optimizing its cost structure and maximizing profits. This trend bodes well for the company's financial health and indicates a positive trajectory for its future performance.
Peer comparison
Sep 30, 2024