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MAXIMUS, INC.（MMS）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是先锋自然资源公司的1.2倍（$1.3B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 7.0%，领先22.0%），MAXIMUS, INC.同比增速更快（-4.1% vs -9.8%），过去两年MAXIMUS, INC.的营收复合增速更高（-0.1% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
MMS vs PR — 直观对比
营收规模更大
MMS
是对方的1.2倍
$1.2B
营收增速更快
MMS
高出5.7%
-9.8%
净利率更高
PR
高出22.0%
7.0%
两年增速更快
MMS
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $93.9M | $339.5M |
| 毛利率 | 23.7% | — |
| 营业利润率 | 10.9% | 23.1% |
| 净利率 | 7.0% | 29.0% |
| 营收同比 | -4.1% | -9.8% |
| 净利润同比 | 128.0% | 56.7% |
| 每股收益（稀释后） | $1.70 | $0.48 |
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MMSPR
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
净利润MMSPR
| Q4 25 | $93.9M | $339.5M | ||
| Q3 25 | $75.3M | $59.2M | ||
| Q2 25 | $106.0M | $207.1M | ||
| Q1 25 | $96.6M | $329.3M | ||
| Q4 24 | $41.2M | $216.7M | ||
| Q3 24 | $72.5M | $386.4M | ||
| Q2 24 | $89.8M | $235.1M | ||
| Q1 24 | $80.5M | $146.6M |
毛利率MMSPR
| 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MMSPR
| Q4 25 | 10.9% | 23.1% | ||
| Q3 25 | 9.3% | 29.6% | ||
| Q2 25 | 12.3% | 24.8% | ||
| Q1 25 | 11.2% | 36.6% | ||
| Q4 24 | 6.2% | 32.8% | ||
| Q3 24 | 8.5% | 32.5% | ||
| Q2 24 | 10.8% | 36.5% | ||
| Q1 24 | 9.5% | 37.7% |
净利率MMSPR
| Q4 25 | 7.0% | 29.0% | ||
| Q3 25 | 5.7% | 4.5% | ||
| Q2 25 | 7.9% | 17.3% | ||
| Q1 25 | 7.1% | 23.9% | ||
| Q4 24 | 2.9% | 16.7% | ||
| Q3 24 | 5.5% | 31.8% | ||
| Q2 24 | 6.8% | 18.9% | ||
| Q1 24 | 6.0% | 11.8% |
每股收益（稀释后）MMSPR
| Q4 25 | $1.70 | $0.48 | ||
| Q3 25 | $1.27 | $0.08 | ||
| Q2 25 | $1.86 | $0.28 | ||
| Q1 25 | $1.69 | $0.44 | ||
| Q4 24 | $0.69 | $0.31 | ||
| Q3 24 | $1.18 | $0.53 | ||
| Q2 24 | $1.46 | $0.36 | ||
| Q1 24 | $1.31 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $1.7B | $10.3B |
| 总资产 | $4.2B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MMSPR
| Q4 25 | $137.6M | $153.7M | ||
| Q3 25 | $222.4M | $111.8M | ||
| Q2 25 | $59.8M | $451.0M | ||
| Q1 25 | $108.1M | $702.2M | ||
| Q4 24 | $72.7M | $479.3M | ||
| Q3 24 | $183.1M | $272.0M | ||
| Q2 24 | $102.8M | $47.8M | ||
| Q1 24 | $77.4M | $12.7M |
总债务MMSPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益MMSPR
| Q4 25 | $1.7B | $10.3B | ||
| Q3 25 | $1.7B | $10.0B | ||
| Q2 25 | $1.8B | $9.5B | ||
| Q1 25 | $1.7B | $9.4B | ||
| Q4 24 | $1.6B | $9.1B | ||
| Q3 24 | $1.8B | $9.0B | ||
| Q2 24 | $1.8B | $8.3B | ||
| Q1 24 | $1.8B | $7.0B |
总资产MMSPR
| Q4 25 | $4.2B | $17.9B | ||
| Q3 25 | $4.1B | $17.3B | ||
| Q2 25 | $4.5B | $17.5B | ||
| Q1 25 | $4.2B | $17.1B | ||
| Q4 24 | $4.1B | $16.9B | ||
| Q3 24 | $4.1B | $16.6B | ||
| Q2 24 | $4.0B | $15.4B | ||
| Q1 24 | $4.0B | $15.1B |
负债/权益比MMSPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | — |
| 自由现金流率自由现金流/营收 | -18.6% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | -2.60× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $218.5M | — |
8季度趋势，按日历期对齐
经营现金流MMSPR
| Q4 25 | $-244.4M | $904.3M | ||
| Q3 25 | $649.4M | $766.5M | ||
| Q2 25 | $-182.7M | $1.0B | ||
| Q1 25 | $42.7M | $898.0M | ||
| Q4 24 | $-80.0M | $871.6M | ||
| Q3 24 | $163.8M | $954.4M | ||
| Q2 24 | $199.3M | $938.4M | ||
| Q1 24 | $130.5M | $647.6M |
自由现金流MMSPR
| Q4 25 | $-250.7M | — | ||
| Q3 25 | $641.8M | — | ||
| Q2 25 | $-198.2M | — | ||
| Q1 25 | $25.5M | — | ||
| Q4 24 | $-103.0M | — | ||
| Q3 24 | $131.9M | — | ||
| Q2 24 | $164.6M | — | ||
| Q1 24 | $105.2M | — |
自由现金流率MMSPR
| Q4 25 | -18.6% | — | ||
| Q3 25 | 48.7% | — | ||
| Q2 25 | -14.7% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 7.8% | — |
资本支出强度MMSPR
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.9% | — |
现金转化率MMSPR
| Q4 25 | -2.60× | 2.66× | ||
| Q3 25 | 8.63× | 12.94× | ||
| Q2 25 | -1.72× | 5.01× | ||
| Q1 25 | 0.44× | 2.73× | ||
| Q4 24 | -1.94× | 4.02× | ||
| Q3 24 | 2.26× | 2.47× | ||
| Q2 24 | 2.22× | 3.99× | ||
| Q1 24 | 1.62× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
