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MAXIMUS, INC.（MMS）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是MAXIMUS, INC.的1.7倍（$2.3B vs $1.3B），PPL Corporation净利率更高（11.3% vs 7.0%，领先4.3%），PPL Corporation同比增速更快（7.2% vs -4.1%），MAXIMUS, INC.自由现金流更多（$-250.7M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
MMS vs PPL — 直观对比
营收规模更大
PPL
是对方的1.7倍
$1.3B
营收增速更快
PPL
高出11.3%
-4.1%
净利率更高
PPL
高出4.3%
7.0%
自由现金流更多
MMS
多$363.3M
$-614.0M
两年增速更快
PPL
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.3B |
| 净利润 | $93.9M | $266.0M |
| 毛利率 | 23.7% | — |
| 营业利润率 | 10.9% | 20.3% |
| 净利率 | 7.0% | 11.3% |
| 营收同比 | -4.1% | 7.2% |
| 净利润同比 | 128.0% | 50.3% |
| 每股收益（稀释后） | $1.70 | $0.35 |
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MMSPPL
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $2.3B |
净利润MMSPPL
| Q4 25 | $93.9M | $266.0M | ||
| Q3 25 | $75.3M | $318.0M | ||
| Q2 25 | $106.0M | $183.0M | ||
| Q1 25 | $96.6M | $414.0M | ||
| Q4 24 | $41.2M | $177.0M | ||
| Q3 24 | $72.5M | $214.0M | ||
| Q2 24 | $89.8M | $190.0M | ||
| Q1 24 | $80.5M | $307.0M |
毛利率MMSPPL
| 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MMSPPL
| Q4 25 | 10.9% | 20.3% | ||
| Q3 25 | 9.3% | 25.4% | ||
| Q2 25 | 12.3% | 19.9% | ||
| Q1 25 | 11.2% | 26.6% | ||
| Q4 24 | 6.2% | 17.2% | ||
| Q3 24 | 8.5% | 20.6% | ||
| Q2 24 | 10.8% | 20.8% | ||
| Q1 24 | 9.5% | 23.7% |
净利率MMSPPL
| Q4 25 | 7.0% | 11.3% | ||
| Q3 25 | 5.7% | 14.2% | ||
| Q2 25 | 7.9% | 9.0% | ||
| Q1 25 | 7.1% | 16.3% | ||
| Q4 24 | 2.9% | 8.1% | ||
| Q3 24 | 5.5% | 10.3% | ||
| Q2 24 | 6.8% | 10.1% | ||
| Q1 24 | 6.0% | 13.3% |
每股收益（稀释后）MMSPPL
| Q4 25 | $1.70 | $0.35 | ||
| Q3 25 | $1.27 | $0.43 | ||
| Q2 25 | $1.86 | $0.25 | ||
| Q1 25 | $1.69 | $0.56 | ||
| Q4 24 | $0.69 | $0.23 | ||
| Q3 24 | $1.18 | $0.29 | ||
| Q2 24 | $1.46 | $0.26 | ||
| Q1 24 | $1.31 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $1.7B | $14.9B |
| 总资产 | $4.2B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资MMSPPL
| Q4 25 | $137.6M | $1.1B | ||
| Q3 25 | $222.4M | $1.1B | ||
| Q2 25 | $59.8M | $294.0M | ||
| Q1 25 | $108.1M | $312.0M | ||
| Q4 24 | $72.7M | $306.0M | ||
| Q3 24 | $183.1M | $542.0M | ||
| Q2 24 | $102.8M | $282.0M | ||
| Q1 24 | $77.4M | $276.0M |
总债务MMSPPL
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MMSPPL
| Q4 25 | $1.7B | $14.9B | ||
| Q3 25 | $1.7B | $14.4B | ||
| Q2 25 | $1.8B | $14.3B | ||
| Q1 25 | $1.7B | $14.3B | ||
| Q4 24 | $1.6B | $14.1B | ||
| Q3 24 | $1.8B | $14.1B | ||
| Q2 24 | $1.8B | $14.1B | ||
| Q1 24 | $1.8B | $14.1B |
总资产MMSPPL
| Q4 25 | $4.2B | $45.2B | ||
| Q3 25 | $4.1B | $43.9B | ||
| Q2 25 | $4.5B | $42.4B | ||
| Q1 25 | $4.2B | $41.8B | ||
| Q4 24 | $4.1B | $41.1B | ||
| Q3 24 | $4.1B | $40.5B | ||
| Q2 24 | $4.0B | $39.8B | ||
| Q1 24 | $4.0B | $39.6B |
负债/权益比MMSPPL
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $-614.0M |
| 自由现金流率自由现金流/营收 | -18.6% | -26.1% |
| 资本支出强度资本支出/营收 | 0.5% | 49.5% |
| 现金转化率经营现金流/净利润 | -2.60× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流MMSPPL
| Q4 25 | $-244.4M | $548.0M | ||
| Q3 25 | $649.4M | $966.0M | ||
| Q2 25 | $-182.7M | $602.0M | ||
| Q1 25 | $42.7M | $513.0M | ||
| Q4 24 | $-80.0M | $511.0M | ||
| Q3 24 | $163.8M | $781.0M | ||
| Q2 24 | $199.3M | $766.0M | ||
| Q1 24 | $130.5M | $282.0M |
自由现金流MMSPPL
| Q4 25 | $-250.7M | $-614.0M | ||
| Q3 25 | $641.8M | $-179.0M | ||
| Q2 25 | $-198.2M | $-328.0M | ||
| Q1 25 | $25.5M | $-280.0M | ||
| Q4 24 | $-103.0M | $-349.0M | ||
| Q3 24 | $131.9M | $102.0M | ||
| Q2 24 | $164.6M | $96.0M | ||
| Q1 24 | $105.2M | $-314.0M |
自由现金流率MMSPPL
| Q4 25 | -18.6% | -26.1% | ||
| Q3 25 | 48.7% | -8.0% | ||
| Q2 25 | -14.7% | -16.1% | ||
| Q1 25 | 1.9% | -11.0% | ||
| Q4 24 | -7.3% | -15.9% | ||
| Q3 24 | 10.0% | 4.9% | ||
| Q2 24 | 12.5% | 5.1% | ||
| Q1 24 | 7.8% | -13.6% |
资本支出强度MMSPPL
| Q4 25 | 0.5% | 49.5% | ||
| Q3 25 | 0.6% | 51.2% | ||
| Q2 25 | 1.1% | 45.6% | ||
| Q1 25 | 1.3% | 31.2% | ||
| Q4 24 | 1.6% | 39.3% | ||
| Q3 24 | 2.4% | 32.7% | ||
| Q2 24 | 2.6% | 35.8% | ||
| Q1 24 | 1.9% | 25.9% |
现金转化率MMSPPL
| Q4 25 | -2.60× | 2.06× | ||
| Q3 25 | 8.63× | 3.04× | ||
| Q2 25 | -1.72× | 3.29× | ||
| Q1 25 | 0.44× | 1.24× | ||
| Q4 24 | -1.94× | 2.89× | ||
| Q3 24 | 2.26× | 3.65× | ||
| Q2 24 | 2.22× | 4.03× | ||
| Q1 24 | 1.62× | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
