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Side-by-side financial comparison of MAXIMUS, INC. (MMS) and Sprouts Farmers Market, Inc. (SFM). Click either name above to swap in a different company.

Sprouts Farmers Market, Inc. is the larger business by last-quarter revenue ($2.3B vs $1.3B, roughly 1.7× MAXIMUS, INC.). Sprouts Farmers Market, Inc. runs the higher net margin — 7.0% vs 7.0%, a 0.0% gap on every dollar of revenue. On growth, Sprouts Farmers Market, Inc. posted the faster year-over-year revenue change (4.1% vs -4.1%). Over the past eight quarters, Sprouts Farmers Market, Inc.'s revenue compounded faster (10.9% 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.

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

MMS vs SFM — Head-to-Head

Bigger by revenue
SFM
SFM
1.7× larger
SFM
$2.3B
$1.3B
MMS
Growing faster (revenue YoY)
SFM
SFM
+8.3% gap
SFM
4.1%
-4.1%
MMS
Higher net margin
SFM
SFM
0.0% more per $
SFM
7.0%
7.0%
MMS
Faster 2-yr revenue CAGR
SFM
SFM
Annualised
SFM
10.9%
-0.1%
MMS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MMS
MMS
SFM
SFM
Revenue
$1.3B
$2.3B
Net Profit
$93.9M
$163.7M
Gross Margin
23.7%
39.4%
Operating Margin
10.9%
9.2%
Net Margin
7.0%
7.0%
Revenue YoY
-4.1%
4.1%
Net Profit YoY
128.0%
-9.1%
EPS (diluted)
$1.70
$1.71

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
SFM
SFM
Q1 26
$2.3B
Q4 25
$1.3B
$2.1B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.2B
Q1 25
$1.4B
$2.2B
Q4 24
$1.4B
$2.0B
Q3 24
$1.3B
$1.9B
Q2 24
$1.3B
$1.9B
Net Profit
MMS
MMS
SFM
SFM
Q1 26
$163.7M
Q4 25
$93.9M
$89.8M
Q3 25
$75.3M
$120.1M
Q2 25
$106.0M
$133.7M
Q1 25
$96.6M
$180.0M
Q4 24
$41.2M
$79.6M
Q3 24
$72.5M
$91.6M
Q2 24
$89.8M
$95.3M
Gross Margin
MMS
MMS
SFM
SFM
Q1 26
39.4%
Q4 25
23.7%
38.0%
Q3 25
25.3%
38.7%
Q2 25
26.7%
38.8%
Q1 25
24.9%
39.6%
Q4 24
21.5%
38.1%
Q3 24
22.9%
38.1%
Q2 24
25.3%
37.9%
Operating Margin
MMS
MMS
SFM
SFM
Q1 26
9.2%
Q4 25
10.9%
5.7%
Q3 25
9.3%
7.2%
Q2 25
12.3%
8.1%
Q1 25
11.2%
10.1%
Q4 24
6.2%
5.3%
Q3 24
8.5%
6.3%
Q2 24
10.8%
6.7%
Net Margin
MMS
MMS
SFM
SFM
Q1 26
7.0%
Q4 25
7.0%
4.2%
Q3 25
5.7%
5.5%
Q2 25
7.9%
6.0%
Q1 25
7.1%
8.0%
Q4 24
2.9%
4.0%
Q3 24
5.5%
4.7%
Q2 24
6.8%
5.0%
EPS (diluted)
MMS
MMS
SFM
SFM
Q1 26
$1.71
Q4 25
$1.70
$0.93
Q3 25
$1.27
$1.22
Q2 25
$1.86
$1.35
Q1 25
$1.69
$1.81
Q4 24
$0.69
$0.78
Q3 24
$1.18
$0.91
Q2 24
$1.46
$0.94

Balance Sheet & Financial Strength

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

Metric
MMS
MMS
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$137.6M
$252.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$1.4B
Total Assets
$4.2B
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMS
MMS
SFM
SFM
Q1 26
$252.2M
Q4 25
$137.6M
$257.3M
Q3 25
$222.4M
$322.4M
Q2 25
$59.8M
$261.4M
Q1 25
$108.1M
$285.7M
Q4 24
$72.7M
$265.2M
Q3 24
$183.1M
$309.7M
Q2 24
$102.8M
$177.3M
Stockholders' Equity
MMS
MMS
SFM
SFM
Q1 26
$1.4B
Q4 25
$1.7B
$1.4B
Q3 25
$1.7B
$1.4B
Q2 25
$1.8B
$1.4B
Q1 25
$1.7B
$1.3B
Q4 24
$1.6B
$1.3B
Q3 24
$1.8B
$1.3B
Q2 24
$1.8B
$1.3B
Total Assets
MMS
MMS
SFM
SFM
Q1 26
$4.3B
Q4 25
$4.2B
$4.2B
Q3 25
$4.1B
$4.0B
Q2 25
$4.5B
$3.8B
Q1 25
$4.2B
$3.7B
Q4 24
$4.1B
$3.6B
Q3 24
$4.1B
$3.6B
Q2 24
$4.0B
$3.4B

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMS
MMS
SFM
SFM
Q1 26
Q4 25
$-244.4M
$138.5M
Q3 25
$649.4M
$167.1M
Q2 25
$-182.7M
$111.2M
Q1 25
$42.7M
$299.1M
Q4 24
$-80.0M
$124.9M
Q3 24
$163.8M
$209.1M
Q2 24
$199.3M
$91.6M
Free Cash Flow
MMS
MMS
SFM
SFM
Q1 26
Q4 25
$-250.7M
$66.3M
Q3 25
$641.8M
$111.4M
Q2 25
$-198.2M
$50.4M
Q1 25
$25.5M
$239.6M
Q4 24
$-103.0M
$56.2M
Q3 24
$131.9M
$156.3M
Q2 24
$164.6M
$33.9M
FCF Margin
MMS
MMS
SFM
SFM
Q1 26
Q4 25
-18.6%
3.1%
Q3 25
48.7%
5.1%
Q2 25
-14.7%
2.3%
Q1 25
1.9%
10.7%
Q4 24
-7.3%
2.8%
Q3 24
10.0%
8.0%
Q2 24
12.5%
1.8%
Capex Intensity
MMS
MMS
SFM
SFM
Q1 26
Q4 25
0.5%
3.4%
Q3 25
0.6%
2.5%
Q2 25
1.1%
2.7%
Q1 25
1.3%
2.7%
Q4 24
1.6%
3.4%
Q3 24
2.4%
2.7%
Q2 24
2.6%
3.0%
Cash Conversion
MMS
MMS
SFM
SFM
Q1 26
Q4 25
-2.60×
1.54×
Q3 25
8.63×
1.39×
Q2 25
-1.72×
0.83×
Q1 25
0.44×
1.66×
Q4 24
-1.94×
1.57×
Q3 24
2.26×
2.28×
Q2 24
2.22×
0.96×

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%

SFM
SFM

Segment breakdown not available.

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