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Side-by-side financial comparison of INGLES MARKETS INC (IMKTA) and MAXIMUS, INC. (MMS). Click either name above to swap in a different company.

INGLES MARKETS INC is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.0× MAXIMUS, INC.). MAXIMUS, INC. runs the higher net margin — 7.0% vs 2.0%, a 4.9% gap on every dollar of revenue. On growth, INGLES MARKETS INC posted the faster year-over-year revenue change (6.6% vs -4.1%). INGLES MARKETS INC produced more free cash flow last quarter ($2.1M vs $-250.7M). Over the past eight quarters, INGLES MARKETS INC's revenue compounded faster (0.2% CAGR vs -0.1%).

Ingles Markets, Inc. is an American supermarket chain based in Black Mountain, North Carolina. As of September 2021, the company operates 198 supermarkets in the Appalachian region of the Southeastern United States. The company is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading.

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.

IMKTA vs MMS — Head-to-Head

Bigger by revenue
IMKTA
IMKTA
1.0× larger
IMKTA
$1.4B
$1.3B
MMS
Growing faster (revenue YoY)
IMKTA
IMKTA
+10.7% gap
IMKTA
6.6%
-4.1%
MMS
Higher net margin
MMS
MMS
4.9% more per $
MMS
7.0%
2.0%
IMKTA
More free cash flow
IMKTA
IMKTA
$252.7M more FCF
IMKTA
$2.1M
$-250.7M
MMS
Faster 2-yr revenue CAGR
IMKTA
IMKTA
Annualised
IMKTA
0.2%
-0.1%
MMS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IMKTA
IMKTA
MMS
MMS
Revenue
$1.4B
$1.3B
Net Profit
$28.1M
$93.9M
Gross Margin
24.4%
23.7%
Operating Margin
2.9%
10.9%
Net Margin
2.0%
7.0%
Revenue YoY
6.6%
-4.1%
Net Profit YoY
69.6%
128.0%
EPS (diluted)
$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
IMKTA
IMKTA
MMS
MMS
Q4 25
$1.4B
$1.3B
Q3 25
$1.4B
$1.3B
Q2 25
$1.3B
$1.3B
Q1 25
$1.3B
$1.4B
Q4 24
$1.3B
$1.4B
Q3 24
$1.4B
$1.3B
Q2 24
$1.4B
$1.3B
Q1 24
$1.4B
$1.3B
Net Profit
IMKTA
IMKTA
MMS
MMS
Q4 25
$28.1M
$93.9M
Q3 25
$25.7M
$75.3M
Q2 25
$26.2M
$106.0M
Q1 25
$15.1M
$96.6M
Q4 24
$16.6M
$41.2M
Q3 24
$-1.5M
$72.5M
Q2 24
$31.7M
$89.8M
Q1 24
$31.9M
$80.5M
Gross Margin
IMKTA
IMKTA
MMS
MMS
Q4 25
24.4%
23.7%
Q3 25
24.5%
25.3%
Q2 25
24.3%
26.7%
Q1 25
23.4%
24.9%
Q4 24
23.4%
21.5%
Q3 24
21.4%
22.9%
Q2 24
23.7%
25.3%
Q1 24
23.5%
23.6%
Operating Margin
IMKTA
IMKTA
MMS
MMS
Q4 25
2.9%
10.9%
Q3 25
2.6%
9.3%
Q2 25
2.8%
12.3%
Q1 25
1.6%
11.2%
Q4 24
1.8%
6.2%
Q3 24
-0.1%
8.5%
Q2 24
3.2%
10.8%
Q1 24
3.3%
9.5%
Net Margin
IMKTA
IMKTA
MMS
MMS
Q4 25
2.0%
7.0%
Q3 25
1.9%
5.7%
Q2 25
1.9%
7.9%
Q1 25
1.1%
7.1%
Q4 24
1.3%
2.9%
Q3 24
-0.1%
5.5%
Q2 24
2.3%
6.8%
Q1 24
2.3%
6.0%
EPS (diluted)
IMKTA
IMKTA
MMS
MMS
Q4 25
$1.70
Q3 25
$1.27
Q2 25
$1.86
Q1 25
$1.69
Q4 24
$0.69
Q3 24
$1.18
Q2 24
$1.46
Q1 24
$1.31

Balance Sheet & Financial Strength

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

Metric
IMKTA
IMKTA
MMS
MMS
Cash + ST InvestmentsLiquidity on hand
$137.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
$1.7B
Total Assets
$2.6B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMKTA
IMKTA
MMS
MMS
Q4 25
$137.6M
Q3 25
$222.4M
Q2 25
$59.8M
Q1 25
$108.1M
Q4 24
$72.7M
Q3 24
$183.1M
Q2 24
$102.8M
Q1 24
$77.4M
Total Debt
IMKTA
IMKTA
MMS
MMS
Q4 25
Q3 25
$514.8M
Q2 25
Q1 25
Q4 24
Q3 24
$532.6M
Q2 24
Q1 24
Stockholders' Equity
IMKTA
IMKTA
MMS
MMS
Q4 25
$1.6B
$1.7B
Q3 25
$1.6B
$1.7B
Q2 25
$1.6B
$1.8B
Q1 25
$1.6B
$1.7B
Q4 24
$1.6B
$1.6B
Q3 24
$1.5B
$1.8B
Q2 24
$1.6B
$1.8B
Q1 24
$1.5B
$1.8B
Total Assets
IMKTA
IMKTA
MMS
MMS
Q4 25
$2.6B
$4.2B
Q3 25
$2.6B
$4.1B
Q2 25
$2.5B
$4.5B
Q1 25
$2.5B
$4.2B
Q4 24
$2.5B
$4.1B
Q3 24
$2.5B
$4.1B
Q2 24
$2.5B
$4.0B
Q1 24
$2.5B
$4.0B
Debt / Equity
IMKTA
IMKTA
MMS
MMS
Q4 25
Q3 25
0.32×
Q2 25
Q1 25
Q4 24
Q3 24
0.34×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
IMKTA
IMKTA
MMS
MMS
Operating Cash FlowLast quarter
$38.4M
$-244.4M
Free Cash FlowOCF − Capex
$2.1M
$-250.7M
FCF MarginFCF / Revenue
0.1%
-18.6%
Capex IntensityCapex / Revenue
2.6%
0.5%
Cash ConversionOCF / Net Profit
1.37×
-2.60×
TTM Free Cash FlowTrailing 4 quarters
$123.1M
$218.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMKTA
IMKTA
MMS
MMS
Q4 25
$38.4M
$-244.4M
Q3 25
$59.9M
$649.4M
Q2 25
$74.8M
$-182.7M
Q1 25
$63.1M
$42.7M
Q4 24
$-43.6M
$-80.0M
Q3 24
$73.3M
$163.8M
Q2 24
$103.3M
$199.3M
Q1 24
$70.4M
$130.5M
Free Cash Flow
IMKTA
IMKTA
MMS
MMS
Q4 25
$2.1M
$-250.7M
Q3 25
$36.8M
$641.8M
Q2 25
$45.4M
$-198.2M
Q1 25
$38.9M
$25.5M
Q4 24
$-81.4M
$-103.0M
Q3 24
$5.4M
$131.9M
Q2 24
$58.6M
$164.6M
Q1 24
$35.3M
$105.2M
FCF Margin
IMKTA
IMKTA
MMS
MMS
Q4 25
0.1%
-18.6%
Q3 25
2.7%
48.7%
Q2 25
3.4%
-14.7%
Q1 25
2.9%
1.9%
Q4 24
-6.3%
-7.3%
Q3 24
0.4%
10.0%
Q2 24
4.2%
12.5%
Q1 24
2.6%
7.8%
Capex Intensity
IMKTA
IMKTA
MMS
MMS
Q4 25
2.6%
0.5%
Q3 25
1.7%
0.6%
Q2 25
2.2%
1.1%
Q1 25
1.8%
1.3%
Q4 24
2.9%
1.6%
Q3 24
4.9%
2.4%
Q2 24
3.2%
2.6%
Q1 24
2.6%
1.9%
Cash Conversion
IMKTA
IMKTA
MMS
MMS
Q4 25
1.37×
-2.60×
Q3 25
2.33×
8.63×
Q2 25
2.85×
-1.72×
Q1 25
4.17×
0.44×
Q4 24
-2.63×
-1.94×
Q3 24
2.26×
Q2 24
3.26×
2.22×
Q1 24
2.21×
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IMKTA
IMKTA

Grocery$502.1M37%
Perishables$359.7M26%
Non Foods$305.5M22%
Gasoline$152.1M11%
Other$53.6M4%

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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