Edwyn
Over the five-year period, Maximus, Inc. has exhibited overall revenue growth from approximately $3.46 billion in 2020 to about $5.31 billion in 2024, reflecting a steady expansion of its top line. The revenue growth rate was particularly robust from 2020 to 2021 with an increase of nearly 23%, while subsequent years saw more moderate, yet consistent, increases. Gross profit followed a similar upward trajectory, rising from around $711 million in 2020 to over $1.25 billion in 2024. Notably, however, gross profit experienced a slight dip in 2022 relative to 2021 before rebounding in 2023 and further strengthening in 2024, possibly indicating periodic cost fluctuations or shifts in product/service mix. Operating income and net income displayed more volatility compared to revenue and gross profit. Operating income surged from approximately $288 million in 2020 to about $408 million in 2021, marking a significant leap of over 40%. Yet, it fell by roughly 20% in 2022 and continued to decline in 2023 before recovering to nearly $489 million in 2024. Net income mirrored this pattern, increasing from around $215 million in 2020 to $291 million in 2021, then dropping by over 30% to $204 million in 2022 and further contracting to about $162 million in 2023 before bouncing back to roughly $307 million in 2024. These swings, particularly the notable declines post-2021, suggest that while the company has a solid revenue foundation, it may face challenges in operating efficiency or cost management. Overall, Maximus, Inc. appears financially sound with promising revenue growth, but the fluctuations in profitability indicators merit closer observation to ensure sustainable margin improvements.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.