Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Capital structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
Capital mix
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
Multi-year momentum
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Doing some research...
Commentary
Commentary on Maximus, Inc. Balance Sheet
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated May 31, 2026. The filing-backed figures above are the current source of truth.
Maximus, Inc. has maintained a broadly stable balance sheet over the last five years, with total assets hovering around the $4.0–$4.1 billion range. Assets dipped from $4,119.0 million in 2021 to a low of $3,985.8 million in 2023, then recovered modestly to $4,131.5 million in 2024 before easing slightly to $4,069.6 million in 2025. This pattern suggests limited top-line balance-sheet expansion, but also a fairly steady asset base rather than significant contraction or volatility.
Liabilities have shown a clearer downward trend overall, falling from $2,638.6 million in 2021 to $2,395.6 million in 2025, despite a small uptick in 2024. That reduction has supported a gradual improvement in stockholders’ equity, which rose from $1,480.3 million in 2021 to a peak of $1,842.8 million in 2024 before moderating to $1,674.0 million in 2025. In practical terms, the company appears to have strengthened its capital structure over the period, with leverage easing and equity building, though 2025 shows some giveback versus 2024.
Overall, Maximus appears financially steady and moderately conservative from a balance-sheet perspective. For a government-services and outsourcing-oriented business like Maximus, a relatively stable asset base and controlled liability profile are not unusual, since the business model is typically less capital-intensive than industrial sectors. The main notable fluctuation is the equity decline in 2025 after the 2024 peak, which may warrant attention, but the broader five-year trend still points to a resilient balance sheet with improving solvency.
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.
