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Side-by-side financial comparison of Robinhood Markets, Inc. (HOOD) and MAXIMUS, INC. (MMS). Click either name above to swap in a different company.

MAXIMUS, INC. is the larger business by last-quarter revenue ($1.3B vs $927.0M, roughly 1.5× Robinhood Markets, Inc.). Robinhood Markets, Inc. runs the higher net margin — 36.2% vs 7.0%, a 29.3% gap on every dollar of revenue. On growth, MAXIMUS, INC. posted the faster year-over-year revenue change (-4.1% vs -27.7%). Over the past eight quarters, Robinhood Markets, Inc.'s revenue compounded faster (16.6% CAGR vs -0.1%).

Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds, options, index options, futures contracts, event contracts on prediction markets, and cryptocurrency. It also offers cryptocurrency wallets, wealth management, credit cards and other banking services, some in partnership with banks insured by the FDIC, as well as a news website, Sherwood.News.

Maximus Inc. is an American government services company, with operations in countries including the United States, Canada, and the United Kingdom. Maximus provides administration and other services for Medicaid, Medicare, health care reform, welfare-to-work, and student loan servicing, among other government programs. The company is based in Tysons, Virginia, has 39,600 employees and a reported annual revenue of $5.3 billion in fiscal year 2024.

HOOD vs MMS — Head-to-Head

Bigger by revenue
MMS
MMS
1.5× larger
MMS
$1.3B
$927.0M
HOOD
Growing faster (revenue YoY)
MMS
MMS
+23.6% gap
MMS
-4.1%
-27.7%
HOOD
Higher net margin
HOOD
HOOD
29.3% more per $
HOOD
36.2%
7.0%
MMS
Faster 2-yr revenue CAGR
HOOD
HOOD
Annualised
HOOD
16.6%
-0.1%
MMS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HOOD
HOOD
MMS
MMS
Revenue
$927.0M
$1.3B
Net Profit
$336.0M
$93.9M
Gross Margin
23.7%
Operating Margin
10.9%
Net Margin
36.2%
7.0%
Revenue YoY
-27.7%
-4.1%
Net Profit YoY
-2.9%
128.0%
EPS (diluted)
$336.00
$1.70

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HOOD
HOOD
MMS
MMS
Q1 26
$927.0M
Q4 25
$1.3B
$1.3B
Q3 25
$1.3B
$1.3B
Q2 25
$989.0M
$1.3B
Q1 25
$927.0M
$1.4B
Q4 24
$1.0B
$1.4B
Q3 24
$637.0M
$1.3B
Q2 24
$682.0M
$1.3B
Net Profit
HOOD
HOOD
MMS
MMS
Q1 26
$336.0M
Q4 25
$605.0M
$93.9M
Q3 25
$556.0M
$75.3M
Q2 25
$386.0M
$106.0M
Q1 25
$336.0M
$96.6M
Q4 24
$916.0M
$41.2M
Q3 24
$150.0M
$72.5M
Q2 24
$188.0M
$89.8M
Gross Margin
HOOD
HOOD
MMS
MMS
Q1 26
Q4 25
23.7%
Q3 25
25.3%
Q2 25
26.7%
Q1 25
24.9%
Q4 24
21.5%
Q3 24
22.9%
Q2 24
25.3%
Operating Margin
HOOD
HOOD
MMS
MMS
Q1 26
Q4 25
51.5%
10.9%
Q3 25
49.8%
9.3%
Q2 25
44.7%
12.3%
Q1 25
40.0%
11.2%
Q4 24
55.0%
6.2%
Q3 24
24.0%
8.5%
Q2 24
28.0%
10.8%
Net Margin
HOOD
HOOD
MMS
MMS
Q1 26
36.2%
Q4 25
47.2%
7.0%
Q3 25
43.6%
5.7%
Q2 25
39.0%
7.9%
Q1 25
36.2%
7.1%
Q4 24
90.3%
2.9%
Q3 24
23.5%
5.5%
Q2 24
27.6%
6.8%
EPS (diluted)
HOOD
HOOD
MMS
MMS
Q1 26
$336.00
Q4 25
$0.65
$1.70
Q3 25
$0.61
$1.27
Q2 25
$0.42
$1.86
Q1 25
$0.37
$1.69
Q4 24
$1.00
$0.69
Q3 24
$0.17
$1.18
Q2 24
$0.21
$1.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HOOD
HOOD
MMS
MMS
Cash + ST InvestmentsLiquidity on hand
$4.3B
$137.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.2B
$1.7B
Total Assets
$38.1B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOOD
HOOD
MMS
MMS
Q1 26
$4.3B
Q4 25
$4.3B
$137.6M
Q3 25
$4.3B
$222.4M
Q2 25
$4.2B
$59.8M
Q1 25
$4.4B
$108.1M
Q4 24
$4.3B
$72.7M
Q3 24
$4.6B
$183.1M
Q2 24
$4.5B
$102.8M
Stockholders' Equity
HOOD
HOOD
MMS
MMS
Q1 26
$9.2B
Q4 25
$9.2B
$1.7B
Q3 25
$8.6B
$1.7B
Q2 25
$8.1B
$1.8B
Q1 25
$8.0B
$1.7B
Q4 24
$8.0B
$1.6B
Q3 24
$7.2B
$1.8B
Q2 24
$7.1B
$1.8B
Total Assets
HOOD
HOOD
MMS
MMS
Q1 26
$38.1B
Q4 25
$38.1B
$4.2B
Q3 25
$41.5B
$4.1B
Q2 25
$35.3B
$4.5B
Q1 25
$27.5B
$4.2B
Q4 24
$26.2B
$4.1B
Q3 24
$43.2B
$4.1B
Q2 24
$41.3B
$4.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HOOD
HOOD
MMS
MMS
Operating Cash FlowLast quarter
$642.0M
$-244.4M
Free Cash FlowOCF − Capex
$-250.7M
FCF MarginFCF / Revenue
-18.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.91×
-2.60×
TTM Free Cash FlowTrailing 4 quarters
$218.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOOD
HOOD
MMS
MMS
Q1 26
$642.0M
Q4 25
$-937.0M
$-244.4M
Q3 25
$-1.6B
$649.4M
Q2 25
$3.5B
$-182.7M
Q1 25
$642.0M
$42.7M
Q4 24
$-1.4B
$-80.0M
Q3 24
$1.8B
$163.8M
Q2 24
$54.0M
$199.3M
Free Cash Flow
HOOD
HOOD
MMS
MMS
Q1 26
Q4 25
$-250.7M
Q3 25
$641.8M
Q2 25
$-198.2M
Q1 25
$25.5M
Q4 24
$-103.0M
Q3 24
$131.9M
Q2 24
$164.6M
FCF Margin
HOOD
HOOD
MMS
MMS
Q1 26
Q4 25
-18.6%
Q3 25
48.7%
Q2 25
-14.7%
Q1 25
1.9%
Q4 24
-7.3%
Q3 24
10.0%
Q2 24
12.5%
Capex Intensity
HOOD
HOOD
MMS
MMS
Q1 26
Q4 25
0.5%
Q3 25
0.6%
Q2 25
1.1%
Q1 25
1.3%
Q4 24
1.6%
Q3 24
2.4%
Q2 24
2.6%
Cash Conversion
HOOD
HOOD
MMS
MMS
Q1 26
1.91×
Q4 25
-1.55×
-2.60×
Q3 25
-2.83×
8.63×
Q2 25
9.09×
-1.72×
Q1 25
1.91×
0.44×
Q4 24
-1.53×
-1.94×
Q3 24
12.08×
2.26×
Q2 24
0.29×
2.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HOOD
HOOD

Transaction-based revenues$583.0M63%
Other$290.0M31%
Other revenues$54.0M6%

MMS
MMS

Clinical Services$523.7M39%
Cost Plus Contracts$386.4M29%
Outside The United States$143.2M11%
International Government Agencies$141.0M10%
Technology Solutions$74.8M6%
Employment And Other$70.2M5%
Other Including Local Municipalities And Commercial Customers$17.6M1%

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