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Side-by-side financial comparison of MAXIMUS, INC. (MMS) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.

MAXIMUS, INC. is the larger business by last-quarter revenue ($1.3B vs $661.7M, roughly 2.0× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 30.2%, a 4.0% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs -0.3%).

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.

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

MMS vs SSB — Head-to-Head

Bigger by revenue
MMS
MMS
2.0× larger
MMS
$1.3B
$661.7M
SSB
Higher net margin
SSB
SSB
4.0% more per $
SSB
34.1%
30.2%
MMS
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
-0.3%
MMS

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
MMS
MMS
SSB
SSB
Revenue
$1.3B
$661.7M
Net Profit
$394.0M
$225.8M
Gross Margin
26.2%
Operating Margin
11.4%
15.1%
Net Margin
30.2%
34.1%
Revenue YoY
-2.8%
Net Profit YoY
-4.1%
153.5%
EPS (diluted)
$7.27
$2.28

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
SSB
SSB
Q1 26
$1.3B
$661.7M
Q4 25
$1.3B
$581.1M
Q3 25
$1.3B
$599.7M
Q2 25
$1.3B
$577.9M
Q1 25
$1.4B
$544.5M
Q4 24
$1.4B
$369.8M
Q3 24
$1.3B
$351.5M
Q2 24
$1.3B
$350.3M
Net Profit
MMS
MMS
SSB
SSB
Q1 26
$394.0M
$225.8M
Q4 25
$93.9M
$247.7M
Q3 25
$75.3M
$246.6M
Q2 25
$106.0M
$215.2M
Q1 25
$96.6M
$89.1M
Q4 24
$41.2M
$144.2M
Q3 24
$72.5M
$143.2M
Q2 24
$89.8M
$132.4M
Gross Margin
MMS
MMS
SSB
SSB
Q1 26
26.2%
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
MMS
MMS
SSB
SSB
Q1 26
11.4%
15.1%
Q4 25
10.9%
54.3%
Q3 25
9.3%
53.6%
Q2 25
12.3%
48.8%
Q1 25
11.2%
22.3%
Q4 24
6.2%
50.7%
Q3 24
8.5%
53.1%
Q2 24
10.8%
49.3%
Net Margin
MMS
MMS
SSB
SSB
Q1 26
30.2%
34.1%
Q4 25
7.0%
42.6%
Q3 25
5.7%
41.1%
Q2 25
7.9%
37.2%
Q1 25
7.1%
16.4%
Q4 24
2.9%
39.0%
Q3 24
5.5%
40.7%
Q2 24
6.8%
37.8%
EPS (diluted)
MMS
MMS
SSB
SSB
Q1 26
$7.27
$2.28
Q4 25
$1.70
$2.47
Q3 25
$1.27
$2.42
Q2 25
$1.86
$2.11
Q1 25
$1.69
$0.87
Q4 24
$0.69
$1.88
Q3 24
$1.18
$1.86
Q2 24
$1.46
$1.73

Balance Sheet & Financial Strength

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

Metric
MMS
MMS
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$157.5M
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$9.0B
Total Assets
$4.2B
$68.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMS
MMS
SSB
SSB
Q1 26
$157.5M
$2.9B
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
Stockholders' Equity
MMS
MMS
SSB
SSB
Q1 26
$1.7B
$9.0B
Q4 25
$1.7B
$9.1B
Q3 25
$1.7B
$9.0B
Q2 25
$1.8B
$8.8B
Q1 25
$1.7B
$8.6B
Q4 24
$1.6B
$5.9B
Q3 24
$1.8B
$5.9B
Q2 24
$1.8B
$5.7B
Total Assets
MMS
MMS
SSB
SSB
Q1 26
$4.2B
$68.0B
Q4 25
$4.2B
$67.2B
Q3 25
$4.1B
$66.0B
Q2 25
$4.5B
$65.9B
Q1 25
$4.2B
$65.1B
Q4 24
$4.1B
$46.4B
Q3 24
$4.1B
$46.1B
Q2 24
$4.0B
$45.5B

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
SSB
SSB
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$450.0M
FCF MarginFCF / Revenue
34.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$643.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMS
MMS
SSB
SSB
Q1 26
Q4 25
$-244.4M
$232.1M
Q3 25
$649.4M
$122.4M
Q2 25
$-182.7M
$72.6M
Q1 25
$42.7M
$-126.3M
Q4 24
$-80.0M
$354.3M
Q3 24
$163.8M
$-246.8M
Q2 24
$199.3M
$126.8M
Free Cash Flow
MMS
MMS
SSB
SSB
Q1 26
$450.0M
Q4 25
$-250.7M
$215.5M
Q3 25
$641.8M
$101.7M
Q2 25
$-198.2M
$52.5M
Q1 25
$25.5M
$-139.1M
Q4 24
$-103.0M
$340.9M
Q3 24
$131.9M
$-254.2M
Q2 24
$164.6M
$117.3M
FCF Margin
MMS
MMS
SSB
SSB
Q1 26
34.5%
Q4 25
-18.6%
37.1%
Q3 25
48.7%
17.0%
Q2 25
-14.7%
9.1%
Q1 25
1.9%
-25.5%
Q4 24
-7.3%
92.2%
Q3 24
10.0%
-72.3%
Q2 24
12.5%
33.5%
Capex Intensity
MMS
MMS
SSB
SSB
Q1 26
Q4 25
0.5%
2.9%
Q3 25
0.6%
3.5%
Q2 25
1.1%
3.5%
Q1 25
1.3%
2.4%
Q4 24
1.6%
3.6%
Q3 24
2.4%
2.1%
Q2 24
2.6%
2.7%
Cash Conversion
MMS
MMS
SSB
SSB
Q1 26
Q4 25
-2.60×
0.94×
Q3 25
8.63×
0.50×
Q2 25
-1.72×
0.34×
Q1 25
0.44×
-1.42×
Q4 24
-1.94×
2.46×
Q3 24
2.26×
-1.72×
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

Segment breakdown not available.

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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