Maximus Inc (MMS)

Pretax margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	406,509	392,015	307,997	242,371	210,293	229,802	234,714	258,955	277,098	236,375	323,325	368,670	383,681	410,971	368,774	294,283	287,062	280,214	277,855	321,273
Revenue (ttm)	US$ in thousands	5,306,200	5,250,280	5,124,030	4,982,520	4,904,730	4,821,810	4,758,910	4,729,390	4,631,020	4,560,120	4,677,860	4,459,810	4,254,484	4,072,190	3,730,007	3,588,862	3,461,537	3,292,667	3,122,040	3,040,425
Pretax margin		7.66%	7.47%	6.01%	4.86%	4.29%	4.77%	4.93%	5.48%	5.98%	5.18%	6.91%	8.27%	9.02%	10.09%	9.89%	8.20%	8.29%	8.51%	8.90%	10.57%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $406,509K ÷ $5,306,200K
= 7.66%

The pretax margin of Maximus Inc has shown fluctuation over the past 20 quarters. The trend indicates that the pretax margin has experienced some volatility, with fluctuations ranging from a low of 4.29% in September 2023 to a high of 10.57% in March 2022.

Overall, Maximus Inc has generally maintained a pretax margin above 5%, with some quarters exceeding 8%. The most recent pretax margin as of September 2024 is 7.66%, which is slightly higher than the previous quarter's 7.47%.

It is essential for Maximus Inc to carefully monitor and manage its pretax margin to ensure profitability and operational efficiency. Further analysis of the factors influencing these fluctuations in pretax margin, such as revenue growth, cost control measures, and operational efficiency improvements, would be beneficial for the company's financial performance.