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MAXIMUS, INC.（MMS）与TEREX CORP（TEX）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TEREX CORP的1.0倍（$1.3B vs $1.3B），MAXIMUS, INC.净利率更高（7.0% vs 4.8%，领先2.2%），TEREX CORP同比增速更快（6.2% vs -4.1%），TEREX CORP自由现金流更多（$171.0M vs $-250.7M），过去两年TEREX CORP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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
MMS vs TEX — 直观对比
营收规模更大
MMS
是对方的1.0倍
$1.3B
营收增速更快
TEX
高出10.3%
-4.1%
净利率更高
MMS
高出2.2%
4.8%
自由现金流更多
TEX
多$421.7M
$-250.7M
两年增速更快
TEX
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $93.9M | $63.0M |
| 毛利率 | 23.7% | 18.8% |
| 营业利润率 | 10.9% | 10.4% |
| 净利率 | 7.0% | 4.8% |
| 营收同比 | -4.1% | 6.2% |
| 净利润同比 | 128.0% | 2963.6% |
| 每股收益（稀释后） | $1.70 | $0.95 |
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MMSTEX
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
净利润MMSTEX
| Q4 25 | $93.9M | $63.0M | ||
| Q3 25 | $75.3M | $65.0M | ||
| Q2 25 | $106.0M | $72.0M | ||
| Q1 25 | $96.6M | $21.0M | ||
| Q4 24 | $41.2M | $-2.2M | ||
| Q3 24 | $72.5M | $88.0M | ||
| Q2 24 | $89.8M | $140.7M | ||
| Q1 24 | $80.5M | $108.5M |
毛利率MMSTEX
| Q4 25 | 23.7% | 18.8% | ||
| Q3 25 | 25.3% | 20.3% | ||
| Q2 25 | 26.7% | 19.6% | ||
| Q1 25 | 24.9% | 18.7% | ||
| Q4 24 | 21.5% | 15.9% | ||
| Q3 24 | 22.9% | 20.2% | ||
| Q2 24 | 25.3% | 23.8% | ||
| Q1 24 | 23.6% | 23.0% |
营业利润率MMSTEX
| Q4 25 | 10.9% | 10.4% | ||
| Q3 25 | 9.3% | 10.1% | ||
| Q2 25 | 12.3% | 8.7% | ||
| Q1 25 | 11.2% | 5.6% | ||
| Q4 24 | 6.2% | 4.2% | ||
| Q3 24 | 8.5% | 10.1% | ||
| Q2 24 | 10.8% | 14.0% | ||
| Q1 24 | 9.5% | 12.2% |
净利率MMSTEX
| Q4 25 | 7.0% | 4.8% | ||
| Q3 25 | 5.7% | 4.7% | ||
| Q2 25 | 7.9% | 4.8% | ||
| Q1 25 | 7.1% | 1.7% | ||
| Q4 24 | 2.9% | -0.2% | ||
| Q3 24 | 5.5% | 7.3% | ||
| Q2 24 | 6.8% | 10.2% | ||
| Q1 24 | 6.0% | 8.4% |
每股收益（稀释后）MMSTEX
| Q4 25 | $1.70 | $0.95 | ||
| Q3 25 | $1.27 | $0.98 | ||
| Q2 25 | $1.86 | $1.09 | ||
| Q1 25 | $1.69 | $0.31 | ||
| Q4 24 | $0.69 | $-0.03 | ||
| Q3 24 | $1.18 | $1.31 | ||
| Q2 24 | $1.46 | $2.08 | ||
| Q1 24 | $1.31 | $1.60 |
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 | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $1.7B | $2.1B |
| 总资产 | $4.2B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资MMSTEX
| Q4 25 | $137.6M | $772.0M | ||
| Q3 25 | $222.4M | $509.0M | ||
| Q2 25 | $59.8M | $374.0M | ||
| Q1 25 | $108.1M | $298.0M | ||
| Q4 24 | $72.7M | $388.0M | ||
| Q3 24 | $183.1M | $352.0M | ||
| Q2 24 | $102.8M | $319.3M | ||
| Q1 24 | $77.4M | $364.9M |
总债务MMSTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MMSTEX
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.8B | $1.7B |
总资产MMSTEX
| Q4 25 | $4.2B | $6.1B | ||
| Q3 25 | $4.1B | $6.2B | ||
| Q2 25 | $4.5B | $6.2B | ||
| Q1 25 | $4.2B | $5.8B | ||
| Q4 24 | $4.1B | $5.7B | ||
| Q3 24 | $4.1B | $3.8B | ||
| Q2 24 | $4.0B | $3.8B | ||
| Q1 24 | $4.0B | $3.8B |
负债/权益比MMSTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| 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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $171.0M |
| 自由现金流率自由现金流/营收 | -18.6% | 13.0% |
| 资本支出强度资本支出/营收 | 0.5% | 2.6% |
| 现金转化率经营现金流/净利润 | -2.60× | 3.25× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $322.0M |
8季度趋势，按日历期对齐
经营现金流MMSTEX
| Q4 25 | $-244.4M | $205.0M | ||
| Q3 25 | $649.4M | $154.0M | ||
| Q2 25 | $-182.7M | $102.0M | ||
| Q1 25 | $42.7M | $-21.0M | ||
| Q4 24 | $-80.0M | $177.0M | ||
| Q3 24 | $163.8M | $116.4M | ||
| Q2 24 | $199.3M | $66.5M | ||
| Q1 24 | $130.5M | $-33.9M |
自由现金流MMSTEX
| Q4 25 | $-250.7M | $171.0M | ||
| Q3 25 | $641.8M | $130.0M | ||
| Q2 25 | $-198.2M | $78.0M | ||
| Q1 25 | $25.5M | $-57.0M | ||
| Q4 24 | $-103.0M | $128.0M | ||
| Q3 24 | $131.9M | $87.4M | ||
| Q2 24 | $164.6M | $42.5M | ||
| Q1 24 | $105.2M | $-68.9M |
自由现金流率MMSTEX
| Q4 25 | -18.6% | 13.0% | ||
| Q3 25 | 48.7% | 9.4% | ||
| Q2 25 | -14.7% | 5.2% | ||
| Q1 25 | 1.9% | -4.6% | ||
| Q4 24 | -7.3% | 10.3% | ||
| Q3 24 | 10.0% | 7.2% | ||
| Q2 24 | 12.5% | 3.1% | ||
| Q1 24 | 7.8% | -5.3% |
资本支出强度MMSTEX
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 0.6% | 1.7% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.3% | 2.9% | ||
| Q4 24 | 1.6% | 3.9% | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 2.6% | 1.7% | ||
| Q1 24 | 1.9% | 2.7% |
现金转化率MMSTEX
| Q4 25 | -2.60× | 3.25× | ||
| Q3 25 | 8.63× | 2.37× | ||
| Q2 25 | -1.72× | 1.42× | ||
| Q1 25 | 0.44× | -1.00× | ||
| Q4 24 | -1.94× | — | ||
| Q3 24 | 2.26× | 1.32× | ||
| Q2 24 | 2.22× | 0.47× | ||
| Q1 24 | 1.62× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
