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MAXIMUS, INC.（MMS）与纽约时报公司（NYT）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是纽约时报公司的1.7倍（$1.3B vs $802.3M），纽约时报公司净利率更高（16.2% vs 7.0%，领先9.2%），纽约时报公司同比增速更快（10.4% vs -4.1%），纽约时报公司自由现金流更多（$157.6M vs $-250.7M），过去两年纽约时报公司的营收复合增速更高（16.2% vs -0.1%）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
MMS vs NYT — 直观对比
营收规模更大
MMS
是对方的1.7倍
$802.3M
营收增速更快
NYT
高出14.5%
-4.1%
净利率更高
NYT
高出9.2%
7.0%
自由现金流更多
NYT
多$408.3M
$-250.7M
两年增速更快
NYT
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $802.3M |
| 净利润 | $93.9M | $129.8M |
| 毛利率 | 23.7% | — |
| 营业利润率 | 10.9% | 20.1% |
| 净利率 | 7.0% | 16.2% |
| 营收同比 | -4.1% | 10.4% |
| 净利润同比 | 128.0% | 4.9% |
| 每股收益（稀释后） | $1.70 | $0.79 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MMSNYT
| Q4 25 | $1.3B | $802.3M | ||
| Q3 25 | $1.3B | $700.8M | ||
| Q2 25 | $1.3B | $685.9M | ||
| Q1 25 | $1.4B | $635.9M | ||
| Q4 24 | $1.4B | $726.6M | ||
| Q3 24 | $1.3B | $640.2M | ||
| Q2 24 | $1.3B | $625.1M | ||
| Q1 24 | $1.3B | $594.0M |
净利润MMSNYT
| Q4 25 | $93.9M | $129.8M | ||
| Q3 25 | $75.3M | $81.6M | ||
| Q2 25 | $106.0M | $82.9M | ||
| Q1 25 | $96.6M | $49.6M | ||
| Q4 24 | $41.2M | $123.7M | ||
| Q3 24 | $72.5M | $64.1M | ||
| Q2 24 | $89.8M | $65.5M | ||
| Q1 24 | $80.5M | $40.4M |
毛利率MMSNYT
| 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% | — | ||
| Q1 24 | 23.6% | — |
营业利润率MMSNYT
| Q4 25 | 10.9% | 20.1% | ||
| Q3 25 | 9.3% | 15.0% | ||
| Q2 25 | 12.3% | 15.5% | ||
| Q1 25 | 11.2% | 9.2% | ||
| Q4 24 | 6.2% | 20.2% | ||
| Q3 24 | 8.5% | 12.0% | ||
| Q2 24 | 10.8% | 12.7% | ||
| Q1 24 | 9.5% | 8.1% |
净利率MMSNYT
| Q4 25 | 7.0% | 16.2% | ||
| Q3 25 | 5.7% | 11.7% | ||
| Q2 25 | 7.9% | 12.1% | ||
| Q1 25 | 7.1% | 7.8% | ||
| Q4 24 | 2.9% | 17.0% | ||
| Q3 24 | 5.5% | 10.0% | ||
| Q2 24 | 6.8% | 10.5% | ||
| Q1 24 | 6.0% | 6.8% |
每股收益（稀释后）MMSNYT
| Q4 25 | $1.70 | $0.79 | ||
| Q3 25 | $1.27 | $0.50 | ||
| Q2 25 | $1.86 | $0.50 | ||
| Q1 25 | $1.69 | $0.30 | ||
| Q4 24 | $0.69 | $0.74 | ||
| Q3 24 | $1.18 | $0.39 | ||
| Q2 24 | $1.46 | $0.40 | ||
| Q1 24 | $1.31 | $0.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $137.6M | $642.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $2.0B |
| 总资产 | $4.2B | $3.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MMSNYT
| Q4 25 | $137.6M | $642.2M | ||
| Q3 25 | $222.4M | $617.4M | ||
| Q2 25 | $59.8M | $540.2M | ||
| Q1 25 | $108.1M | $522.1M | ||
| Q4 24 | $72.7M | $565.9M | ||
| Q3 24 | $183.1M | $492.9M | ||
| Q2 24 | $102.8M | $411.4M | ||
| Q1 24 | $77.4M | $379.1M |
股东权益MMSNYT
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.8B | $1.7B |
总资产MMSNYT
| Q4 25 | $4.2B | $3.0B | ||
| Q3 25 | $4.1B | $2.9B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.1B | $2.8B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.0B | $2.7B | ||
| Q1 24 | $4.0B | $2.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-244.4M | $164.2M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $157.6M |
| 自由现金流率自由现金流/营收 | -18.6% | 19.6% |
| 资本支出强度资本支出/营收 | 0.5% | 0.8% |
| 现金转化率经营现金流/净利润 | -2.60× | 1.26× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $550.5M |
8季度趋势，按日历期对齐
经营现金流MMSNYT
| Q4 25 | $-244.4M | $164.2M | ||
| Q3 25 | $649.4M | $207.6M | ||
| Q2 25 | $-182.7M | $113.6M | ||
| Q1 25 | $42.7M | $99.1M | ||
| Q4 24 | $-80.0M | $151.7M | ||
| Q3 24 | $163.8M | $125.5M | ||
| Q2 24 | $199.3M | $80.2M | ||
| Q1 24 | $130.5M | $53.1M |
自由现金流MMSNYT
| Q4 25 | $-250.7M | $157.6M | ||
| Q3 25 | $641.8M | $199.7M | ||
| Q2 25 | $-198.2M | $103.3M | ||
| Q1 25 | $25.5M | $89.9M | ||
| Q4 24 | $-103.0M | $143.6M | ||
| Q3 24 | $131.9M | $118.4M | ||
| Q2 24 | $164.6M | $72.6M | ||
| Q1 24 | $105.2M | $46.7M |
自由现金流率MMSNYT
| Q4 25 | -18.6% | 19.6% | ||
| Q3 25 | 48.7% | 28.5% | ||
| Q2 25 | -14.7% | 15.1% | ||
| Q1 25 | 1.9% | 14.1% | ||
| Q4 24 | -7.3% | 19.8% | ||
| Q3 24 | 10.0% | 18.5% | ||
| Q2 24 | 12.5% | 11.6% | ||
| Q1 24 | 7.8% | 7.9% |
资本支出强度MMSNYT
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 1.3% | 1.5% | ||
| Q4 24 | 1.6% | 1.1% | ||
| Q3 24 | 2.4% | 1.1% | ||
| Q2 24 | 2.6% | 1.2% | ||
| Q1 24 | 1.9% | 1.1% |
现金转化率MMSNYT
| Q4 25 | -2.60× | 1.26× | ||
| Q3 25 | 8.63× | 2.54× | ||
| Q2 25 | -1.72× | 1.37× | ||
| Q1 25 | 0.44× | 2.00× | ||
| Q4 24 | -1.94× | 1.23× | ||
| Q3 24 | 2.26× | 1.96× | ||
| Q2 24 | 2.22× | 1.22× | ||
| Q1 24 | 1.62× | 1.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
