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MAXIMUS, INC.（MMS）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.9倍（$1.3B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 7.0%，领先27.7%），Reddit, Inc.同比增速更快（69.7% vs -4.1%），Reddit, Inc.自由现金流更多（$263.6M vs $-250.7M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
MMS vs RDDT — 直观对比
营收规模更大
MMS
是对方的1.9倍
$725.6M
营收增速更快
RDDT
高出73.8%
-4.1%
净利率更高
RDDT
高出27.7%
7.0%
自由现金流更多
RDDT
多$514.3M
$-250.7M
两年增速更快
RDDT
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $725.6M |
| 净利润 | $93.9M | $251.6M |
| 毛利率 | 23.7% | 91.9% |
| 营业利润率 | 10.9% | 31.9% |
| 净利率 | 7.0% | 34.7% |
| 营收同比 | -4.1% | 69.7% |
| 净利润同比 | 128.0% | 254.2% |
| 每股收益（稀释后） | $1.70 | $1.24 |
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MMSRDDT
| Q4 25 | $1.3B | $725.6M | ||
| Q3 25 | $1.3B | $584.9M | ||
| Q2 25 | $1.3B | $499.6M | ||
| Q1 25 | $1.4B | $392.4M | ||
| Q4 24 | $1.4B | $427.7M | ||
| Q3 24 | $1.3B | $348.4M | ||
| Q2 24 | $1.3B | $281.2M | ||
| Q1 24 | $1.3B | $243.0M |
净利润MMSRDDT
| Q4 25 | $93.9M | $251.6M | ||
| Q3 25 | $75.3M | $162.7M | ||
| Q2 25 | $106.0M | $89.3M | ||
| Q1 25 | $96.6M | $26.2M | ||
| Q4 24 | $41.2M | $71.0M | ||
| Q3 24 | $72.5M | $29.9M | ||
| Q2 24 | $89.8M | $-10.1M | ||
| Q1 24 | $80.5M | $-575.1M |
毛利率MMSRDDT
| Q4 25 | 23.7% | 91.9% | ||
| Q3 25 | 25.3% | 91.0% | ||
| Q2 25 | 26.7% | 90.8% | ||
| Q1 25 | 24.9% | 90.5% | ||
| Q4 24 | 21.5% | 92.6% | ||
| Q3 24 | 22.9% | 90.1% | ||
| Q2 24 | 25.3% | 89.5% | ||
| Q1 24 | 23.6% | 88.6% |
营业利润率MMSRDDT
| Q4 25 | 10.9% | 31.9% | ||
| Q3 25 | 9.3% | 23.7% | ||
| Q2 25 | 12.3% | 13.6% | ||
| Q1 25 | 11.2% | 1.0% | ||
| Q4 24 | 6.2% | 12.4% | ||
| Q3 24 | 8.5% | 2.0% | ||
| Q2 24 | 10.8% | -11.0% | ||
| Q1 24 | 9.5% | -242.5% |
净利率MMSRDDT
| Q4 25 | 7.0% | 34.7% | ||
| Q3 25 | 5.7% | 27.8% | ||
| Q2 25 | 7.9% | 17.9% | ||
| Q1 25 | 7.1% | 6.7% | ||
| Q4 24 | 2.9% | 16.6% | ||
| Q3 24 | 5.5% | 8.6% | ||
| Q2 24 | 6.8% | -3.6% | ||
| Q1 24 | 6.0% | -236.7% |
每股收益（稀释后）MMSRDDT
| Q4 25 | $1.70 | $1.24 | ||
| Q3 25 | $1.27 | $0.80 | ||
| Q2 25 | $1.86 | $0.45 | ||
| Q1 25 | $1.69 | $0.13 | ||
| Q4 24 | $0.69 | $4.76 | ||
| Q3 24 | $1.18 | $0.16 | ||
| Q2 24 | $1.46 | $-0.06 | ||
| Q1 24 | $1.31 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $2.9B |
| 总资产 | $4.2B | $3.2B |
| 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MMSRDDT
| Q4 25 | $137.6M | $953.6M | ||
| Q3 25 | $222.4M | $911.7M | ||
| Q2 25 | $59.8M | $734.1M | ||
| Q1 25 | $108.1M | $635.7M | ||
| Q4 24 | $72.7M | $562.1M | ||
| Q3 24 | $183.1M | $515.9M | ||
| Q2 24 | $102.8M | $468.0M | ||
| Q1 24 | $77.4M | $968.5M |
股东权益MMSRDDT
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.8B | $1.9B | ||
| Q1 24 | $1.8B | $1.8B |
总资产MMSRDDT
| Q4 25 | $4.2B | $3.2B | ||
| Q3 25 | $4.1B | $2.9B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.2B | $2.4B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $4.1B | $2.2B | ||
| Q2 24 | $4.0B | $2.1B | ||
| Q1 24 | $4.0B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $263.6M |
| 自由现金流率自由现金流/营收 | -18.6% | 36.3% |
| 资本支出强度资本支出/营收 | 0.5% | 0.4% |
| 现金转化率经营现金流/净利润 | -2.60× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $684.2M |
8季度趋势，按日历期对齐
经营现金流MMSRDDT
| Q4 25 | $-244.4M | $266.8M | ||
| Q3 25 | $649.4M | $185.2M | ||
| Q2 25 | $-182.7M | $111.3M | ||
| Q1 25 | $42.7M | $127.6M | ||
| Q4 24 | $-80.0M | $90.0M | ||
| Q3 24 | $163.8M | $71.6M | ||
| Q2 24 | $199.3M | $28.4M | ||
| Q1 24 | $130.5M | $32.1M |
自由现金流MMSRDDT
| Q4 25 | $-250.7M | $263.6M | ||
| Q3 25 | $641.8M | $183.1M | ||
| Q2 25 | $-198.2M | $110.8M | ||
| Q1 25 | $25.5M | $126.6M | ||
| Q4 24 | $-103.0M | $89.2M | ||
| Q3 24 | $131.9M | $70.3M | ||
| Q2 24 | $164.6M | $27.2M | ||
| Q1 24 | $105.2M | $29.2M |
自由现金流率MMSRDDT
| Q4 25 | -18.6% | 36.3% | ||
| Q3 25 | 48.7% | 31.3% | ||
| Q2 25 | -14.7% | 22.2% | ||
| Q1 25 | 1.9% | 32.3% | ||
| Q4 24 | -7.3% | 20.8% | ||
| Q3 24 | 10.0% | 20.2% | ||
| Q2 24 | 12.5% | 9.7% | ||
| Q1 24 | 7.8% | 12.0% |
资本支出强度MMSRDDT
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.6% | 0.4% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 1.9% | 1.2% |
现金转化率MMSRDDT
| Q4 25 | -2.60× | 1.06× | ||
| Q3 25 | 8.63× | 1.14× | ||
| Q2 25 | -1.72× | 1.25× | ||
| Q1 25 | 0.44× | 4.88× | ||
| Q4 24 | -1.94× | 1.27× | ||
| Q3 24 | 2.26× | 2.40× | ||
| Q2 24 | 2.22× | — | ||
| Q1 24 | 1.62× | — |
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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
