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Side-by-side financial comparison of MAXIMUS, INC. (MMS) and Reynolds Consumer Products Inc. (REYN). Click either name above to swap in a different company.

MAXIMUS, INC. is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× Reynolds Consumer Products Inc.). Reynolds Consumer Products Inc. runs the higher net margin — 11.4% vs 7.0%, a 4.4% gap on every dollar of revenue. On growth, Reynolds Consumer Products Inc. posted the faster year-over-year revenue change (1.2% vs -4.1%). Reynolds Consumer Products Inc. produced more free cash flow last quarter ($200.0M vs $-250.7M). Over the past eight quarters, Reynolds Consumer Products Inc.'s revenue compounded faster (11.4% CAGR vs -0.1%).

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.

The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.

MMS vs REYN — Head-to-Head

Bigger by revenue
MMS
MMS
1.3× larger
MMS
$1.3B
$1.0B
REYN
Growing faster (revenue YoY)
REYN
REYN
+5.3% gap
REYN
1.2%
-4.1%
MMS
Higher net margin
REYN
REYN
4.4% more per $
REYN
11.4%
7.0%
MMS
More free cash flow
REYN
REYN
$450.7M more FCF
REYN
$200.0M
$-250.7M
MMS
Faster 2-yr revenue CAGR
REYN
REYN
Annualised
REYN
11.4%
-0.1%
MMS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMS
MMS
REYN
REYN
Revenue
$1.3B
$1.0B
Net Profit
$93.9M
$118.0M
Gross Margin
23.7%
25.7%
Operating Margin
10.9%
14.8%
Net Margin
7.0%
11.4%
Revenue YoY
-4.1%
1.2%
Net Profit YoY
128.0%
-1.7%
EPS (diluted)
$1.70
$0.55

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
REYN
REYN
Q4 25
$1.3B
$1.0B
Q3 25
$1.3B
$931.0M
Q2 25
$1.3B
$938.0M
Q1 25
$1.4B
$818.0M
Q4 24
$1.4B
$1.0B
Q3 24
$1.3B
$910.0M
Q2 24
$1.3B
$930.0M
Q1 24
$1.3B
$833.0M
Net Profit
MMS
MMS
REYN
REYN
Q4 25
$93.9M
$118.0M
Q3 25
$75.3M
$79.0M
Q2 25
$106.0M
$73.0M
Q1 25
$96.6M
$31.0M
Q4 24
$41.2M
$120.0M
Q3 24
$72.5M
$86.0M
Q2 24
$89.8M
$97.0M
Q1 24
$80.5M
$49.0M
Gross Margin
MMS
MMS
REYN
REYN
Q4 25
23.7%
25.7%
Q3 25
25.3%
25.0%
Q2 25
26.7%
24.1%
Q1 25
24.9%
23.1%
Q4 24
21.5%
27.6%
Q3 24
22.9%
26.3%
Q2 24
25.3%
27.5%
Q1 24
23.6%
24.1%
Operating Margin
MMS
MMS
REYN
REYN
Q4 25
10.9%
14.8%
Q3 25
9.3%
11.0%
Q2 25
12.3%
10.2%
Q1 25
11.2%
5.1%
Q4 24
6.2%
15.5%
Q3 24
8.5%
12.4%
Q2 24
10.8%
12.4%
Q1 24
9.5%
7.8%
Net Margin
MMS
MMS
REYN
REYN
Q4 25
7.0%
11.4%
Q3 25
5.7%
8.5%
Q2 25
7.9%
7.8%
Q1 25
7.1%
3.8%
Q4 24
2.9%
11.7%
Q3 24
5.5%
9.5%
Q2 24
6.8%
10.4%
Q1 24
6.0%
5.9%
EPS (diluted)
MMS
MMS
REYN
REYN
Q4 25
$1.70
$0.55
Q3 25
$1.27
$0.38
Q2 25
$1.86
$0.35
Q1 25
$1.69
$0.15
Q4 24
$0.69
$0.57
Q3 24
$1.18
$0.41
Q2 24
$1.46
$0.46
Q1 24
$1.31
$0.23

Balance Sheet & Financial Strength

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

Metric
MMS
MMS
REYN
REYN
Cash + ST InvestmentsLiquidity on hand
$137.6M
$147.0M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$1.7B
$2.3B
Total Assets
$4.2B
$4.9B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMS
MMS
REYN
REYN
Q4 25
$137.6M
$147.0M
Q3 25
$222.4M
$53.0M
Q2 25
$59.8M
$57.0M
Q1 25
$108.1M
$58.0M
Q4 24
$72.7M
$137.0M
Q3 24
$183.1M
$96.0M
Q2 24
$102.8M
$101.0M
Q1 24
$77.4M
$135.0M
Total Debt
MMS
MMS
REYN
REYN
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.8B
Q1 24
$1.8B
Stockholders' Equity
MMS
MMS
REYN
REYN
Q4 25
$1.7B
$2.3B
Q3 25
$1.7B
$2.2B
Q2 25
$1.8B
$2.1B
Q1 25
$1.7B
$2.1B
Q4 24
$1.6B
$2.1B
Q3 24
$1.8B
$2.1B
Q2 24
$1.8B
$2.0B
Q1 24
$1.8B
$2.0B
Total Assets
MMS
MMS
REYN
REYN
Q4 25
$4.2B
$4.9B
Q3 25
$4.1B
$4.9B
Q2 25
$4.5B
$4.9B
Q1 25
$4.2B
$4.8B
Q4 24
$4.1B
$4.9B
Q3 24
$4.1B
$4.8B
Q2 24
$4.0B
$4.9B
Q1 24
$4.0B
$4.9B
Debt / Equity
MMS
MMS
REYN
REYN
Q4 25
0.70×
Q3 25
0.75×
Q2 25
0.76×
Q1 25
0.77×
Q4 24
0.79×
Q3 24
0.84×
Q2 24
0.87×
Q1 24
0.92×

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
REYN
REYN
Operating Cash FlowLast quarter
$-244.4M
$237.0M
Free Cash FlowOCF − Capex
$-250.7M
$200.0M
FCF MarginFCF / Revenue
-18.6%
19.3%
Capex IntensityCapex / Revenue
0.5%
3.6%
Cash ConversionOCF / Net Profit
-2.60×
2.01×
TTM Free Cash FlowTrailing 4 quarters
$218.5M
$316.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMS
MMS
REYN
REYN
Q4 25
$-244.4M
$237.0M
Q3 25
$649.4M
$93.0M
Q2 25
$-182.7M
$91.0M
Q1 25
$42.7M
$56.0M
Q4 24
$-80.0M
$182.0M
Q3 24
$163.8M
$124.0M
Q2 24
$199.3M
$84.0M
Q1 24
$130.5M
$99.0M
Free Cash Flow
MMS
MMS
REYN
REYN
Q4 25
$-250.7M
$200.0M
Q3 25
$641.8M
$48.0M
Q2 25
$-198.2M
$51.0M
Q1 25
$25.5M
$17.0M
Q4 24
$-103.0M
$141.0M
Q3 24
$131.9M
$93.0M
Q2 24
$164.6M
$65.0M
Q1 24
$105.2M
$70.0M
FCF Margin
MMS
MMS
REYN
REYN
Q4 25
-18.6%
19.3%
Q3 25
48.7%
5.2%
Q2 25
-14.7%
5.4%
Q1 25
1.9%
2.1%
Q4 24
-7.3%
13.8%
Q3 24
10.0%
10.2%
Q2 24
12.5%
7.0%
Q1 24
7.8%
8.4%
Capex Intensity
MMS
MMS
REYN
REYN
Q4 25
0.5%
3.6%
Q3 25
0.6%
4.8%
Q2 25
1.1%
4.3%
Q1 25
1.3%
4.8%
Q4 24
1.6%
4.0%
Q3 24
2.4%
3.4%
Q2 24
2.6%
2.0%
Q1 24
1.9%
3.5%
Cash Conversion
MMS
MMS
REYN
REYN
Q4 25
-2.60×
2.01×
Q3 25
8.63×
1.18×
Q2 25
-1.72×
1.25×
Q1 25
0.44×
1.81×
Q4 24
-1.94×
1.52×
Q3 24
2.26×
1.44×
Q2 24
2.22×
0.87×
Q1 24
1.62×
2.02×

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%

REYN
REYN

Reynolds Cooking And Baking$397.0M38%
Hefty Waste And Storage$247.0M24%
Tableware Products$229.0M22%
Presto Products$164.0M16%

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