Maximus Inc (MMS)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 406,509 | 210,293 | 277,098 | 383,681 | 287,062 |
| Revenue | US$ in thousands | 5,306,200 | 4,904,730 | 4,631,020 | 4,254,480 | 3,461,540 |
| Pretax margin | 7.66% | 4.29% | 5.98% | 9.02% | 8.29% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $406,509K ÷ $5,306,200K
= 7.66%
Maximus Inc's pretax margin has shown fluctuations over the past five years. In 2024, the pretax margin increased to 7.66% from 4.29% in 2023, indicating an improvement in the company's efficiency in generating profits before taxes relative to its revenue. However, when compared to the margins in 2022 (5.98%), 2021 (9.02%), and 2020 (8.29%), the current margin is lower. This suggests that Maximus Inc may have experienced changes in its cost structure or revenue composition in 2024. Further analysis, such as examining the company's cost drivers and revenue streams, would be beneficial to understand the factors influencing these fluctuations in pretax margin.
Peer comparison
Sep 30, 2024