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

Owens Corning is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.6× MAXIMUS, INC.). MAXIMUS, INC. runs the higher net margin — 7.0% vs -13.9%, a 20.9% gap on every dollar of revenue. On growth, MAXIMUS, INC. posted the faster year-over-year revenue change (-4.1% vs -24.6%). Owens Corning produced more free cash flow last quarter ($333.0M vs $-250.7M). Over the past eight quarters, MAXIMUS, INC.'s revenue compounded faster (-0.1% CAGR vs -3.5%).

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.

Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related products. It is the world's largest manufacturer of fiberglass composites. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company employs approximately 19,000 people around the world. Owens Corning has been a Fortune 500 company every year since the list was created in 1955. The Pink Panther is the...

MMS vs OC — Head-to-Head

Bigger by revenue
OC
OC
1.6× larger
OC
$2.1B
$1.3B
MMS
Growing faster (revenue YoY)
MMS
MMS
+20.5% gap
MMS
-4.1%
-24.6%
OC
Higher net margin
MMS
MMS
20.9% more per $
MMS
7.0%
-13.9%
OC
More free cash flow
OC
OC
$583.7M more FCF
OC
$333.0M
$-250.7M
MMS
Faster 2-yr revenue CAGR
MMS
MMS
Annualised
MMS
-0.1%
-3.5%
OC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMS
MMS
OC
OC
Revenue
$1.3B
$2.1B
Net Profit
$93.9M
$-298.0M
Gross Margin
23.7%
23.2%
Operating Margin
10.9%
-10.5%
Net Margin
7.0%
-13.9%
Revenue YoY
-4.1%
-24.6%
Net Profit YoY
128.0%
-15.5%
EPS (diluted)
$1.70
$-3.47

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
MMS
MMS
OC
OC
Q4 25
$1.3B
$2.1B
Q3 25
$1.3B
$2.7B
Q2 25
$1.3B
$2.7B
Q1 25
$1.4B
$2.5B
Q4 24
$1.4B
$2.8B
Q3 24
$1.3B
$3.0B
Q2 24
$1.3B
$2.8B
Q1 24
$1.3B
$2.3B
Net Profit
MMS
MMS
OC
OC
Q4 25
$93.9M
$-298.0M
Q3 25
$75.3M
$-494.0M
Q2 25
$106.0M
$363.0M
Q1 25
$96.6M
$-93.0M
Q4 24
$41.2M
$-258.0M
Q3 24
$72.5M
$321.0M
Q2 24
$89.8M
$285.0M
Q1 24
$80.5M
$299.0M
Gross Margin
MMS
MMS
OC
OC
Q4 25
23.7%
23.2%
Q3 25
25.3%
28.2%
Q2 25
26.7%
31.2%
Q1 25
24.9%
28.7%
Q4 24
21.5%
28.1%
Q3 24
22.9%
29.8%
Q2 24
25.3%
31.1%
Q1 24
23.6%
29.6%
Operating Margin
MMS
MMS
OC
OC
Q4 25
10.9%
-10.5%
Q3 25
9.3%
-12.2%
Q2 25
12.3%
18.4%
Q1 25
11.2%
16.1%
Q4 24
6.2%
-8.5%
Q3 24
8.5%
16.7%
Q2 24
10.8%
16.4%
Q1 24
9.5%
17.5%
Net Margin
MMS
MMS
OC
OC
Q4 25
7.0%
-13.9%
Q3 25
5.7%
-18.4%
Q2 25
7.9%
13.2%
Q1 25
7.1%
-3.7%
Q4 24
2.9%
-9.1%
Q3 24
5.5%
10.5%
Q2 24
6.8%
10.2%
Q1 24
6.0%
13.0%
EPS (diluted)
MMS
MMS
OC
OC
Q4 25
$1.70
$-3.47
Q3 25
$1.27
$-5.92
Q2 25
$1.86
$4.25
Q1 25
$1.69
$-1.08
Q4 24
$0.69
$-2.92
Q3 24
$1.18
$3.65
Q2 24
$1.46
$3.24
Q1 24
$1.31
$3.40

Balance Sheet & Financial Strength

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

Metric
MMS
MMS
OC
OC
Cash + ST InvestmentsLiquidity on hand
$137.6M
$345.0M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$1.7B
$3.9B
Total Assets
$4.2B
$13.0B
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMS
MMS
OC
OC
Q4 25
$137.6M
$345.0M
Q3 25
$222.4M
$286.0M
Q2 25
$59.8M
$230.0M
Q1 25
$108.1M
$400.0M
Q4 24
$72.7M
$361.0M
Q3 24
$183.1M
$499.0M
Q2 24
$102.8M
$254.0M
Q1 24
$77.4M
$1.3B
Total Debt
MMS
MMS
OC
OC
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$5.1B
Q1 25
$5.0B
Q4 24
$5.1B
Q3 24
$5.0B
Q2 24
$5.0B
Q1 24
$2.6B
Stockholders' Equity
MMS
MMS
OC
OC
Q4 25
$1.7B
$3.9B
Q3 25
$1.7B
$4.4B
Q2 25
$1.8B
$5.2B
Q1 25
$1.7B
$4.9B
Q4 24
$1.6B
$5.1B
Q3 24
$1.8B
$5.6B
Q2 24
$1.8B
$5.5B
Q1 24
$1.8B
$5.2B
Total Assets
MMS
MMS
OC
OC
Q4 25
$4.2B
$13.0B
Q3 25
$4.1B
$13.5B
Q2 25
$4.5B
$14.5B
Q1 25
$4.2B
$14.3B
Q4 24
$4.1B
$14.1B
Q3 24
$4.1B
$15.1B
Q2 24
$4.0B
$15.0B
Q1 24
$4.0B
$11.3B
Debt / Equity
MMS
MMS
OC
OC
Q4 25
1.22×
Q3 25
1.06×
Q2 25
0.98×
Q1 25
1.03×
Q4 24
1.01×
Q3 24
0.89×
Q2 24
0.92×
Q1 24
0.51×

Cash Flow & Capital Efficiency

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

Metric
MMS
MMS
OC
OC
Operating Cash FlowLast quarter
$-244.4M
$590.0M
Free Cash FlowOCF − Capex
$-250.7M
$333.0M
FCF MarginFCF / Revenue
-18.6%
15.5%
Capex IntensityCapex / Revenue
0.5%
12.0%
Cash ConversionOCF / Net Profit
-2.60×
TTM Free Cash FlowTrailing 4 quarters
$218.5M
$962.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMS
MMS
OC
OC
Q4 25
$-244.4M
$590.0M
Q3 25
$649.4M
$918.0M
Q2 25
$-182.7M
$327.0M
Q1 25
$42.7M
$-49.0M
Q4 24
$-80.0M
$676.0M
Q3 24
$163.8M
$699.0M
Q2 24
$199.3M
$493.0M
Q1 24
$130.5M
$24.0M
Free Cash Flow
MMS
MMS
OC
OC
Q4 25
$-250.7M
$333.0M
Q3 25
$641.8M
$752.0M
Q2 25
$-198.2M
$129.0M
Q1 25
$25.5M
$-252.0M
Q4 24
$-103.0M
$479.0M
Q3 24
$131.9M
$558.0M
Q2 24
$164.6M
$336.0M
Q1 24
$105.2M
$-128.0M
FCF Margin
MMS
MMS
OC
OC
Q4 25
-18.6%
15.5%
Q3 25
48.7%
28.0%
Q2 25
-14.7%
4.7%
Q1 25
1.9%
-10.0%
Q4 24
-7.3%
16.9%
Q3 24
10.0%
18.3%
Q2 24
12.5%
12.0%
Q1 24
7.8%
-5.6%
Capex Intensity
MMS
MMS
OC
OC
Q4 25
0.5%
12.0%
Q3 25
0.6%
6.2%
Q2 25
1.1%
7.2%
Q1 25
1.3%
8.0%
Q4 24
1.6%
6.9%
Q3 24
2.4%
4.6%
Q2 24
2.6%
5.6%
Q1 24
1.9%
6.6%
Cash Conversion
MMS
MMS
OC
OC
Q4 25
-2.60×
Q3 25
8.63×
Q2 25
-1.72×
0.90×
Q1 25
0.44×
Q4 24
-1.94×
Q3 24
2.26×
2.18×
Q2 24
2.22×
1.73×
Q1 24
1.62×
0.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

OC
OC

Insulation$724.0M34%
Residential$625.0M29%
Doors$427.0M20%
Discontinued Operations Disposed Of By Sale$299.0M14%
Commercial And Industrial Sector$101.0M5%

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