Maximus Management
Management criteria checks 3/4
Maximus' CEO is Bruce Caswell, appointed in Oct 2014, has a tenure of 11.33 years. total yearly compensation is $11.21M, comprised of 8.7% salary and 91.3% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth $24.62M. The average tenure of the management team and the board of directors is 3.8 years and 8.5 years respectively.
Key information
Bruce Caswell
Chief executive officer
US$11.2m
Total compensation
| CEO salary percentage | 8.71% |
| CEO tenure | 11.3yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.8yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Maximus (NYSE:MMS) Is Increasing Its Dividend To $0.33
Jan 24
Maximus (NYSE:MMS) Is Increasing Its Dividend To $0.33
Jan 10Maximus (NYSE:MMS) Is Due To Pay A Dividend Of $0.30
Oct 09Maximus: A Stable Compounder Trading At Just 12x Earnings
Sep 23Maximus (NYSE:MMS) Ticks All The Boxes When It Comes To Earnings Growth
Sep 01Earnings Beat: Maximus, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Aug 10Estimating The Intrinsic Value Of Maximus, Inc. (NYSE:MMS)
Jul 24Maximus (NYSE:MMS) Is Paying Out A Dividend Of $0.30
Jul 10Improved Earnings Required Before Maximus, Inc. (NYSE:MMS) Shares Find Their Feet
Jul 02Maximus (NYSE:MMS) Has A Pretty Healthy Balance Sheet
May 26Maximus, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 11Maximus (NYSE:MMS) Has Announced A Dividend Of $0.30
May 08Maximus' (NYSE:MMS) Returns On Capital Not Reflecting Well On The Business
May 01Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.30
Apr 11Maximus, Inc. (NYSE:MMS) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 01Calculating The Intrinsic Value Of Maximus, Inc. (NYSE:MMS)
Feb 24Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.30
Feb 06Maximus (NYSE:MMS) Will Pay A Dividend Of $0.30
Jan 23Maximus: Navigating Through Some Uncertainty
Jan 13Maximus (NYSE:MMS) Has Announced A Dividend Of $0.30
Jan 09Maximus, Inc.'s (NYSE:MMS) Business And Shares Still Trailing The Market
Dec 10Maximus (NYSE:MMS) Will Want To Turn Around Its Return Trends
Nov 11Maximus (NYSE:MMS) Is Paying Out A Dividend Of $0.30
Oct 24Maximus (NYSE:MMS) Has Affirmed Its Dividend Of $0.30
Oct 10We Think Maximus (NYSE:MMS) Can Stay On Top Of Its Debt
Oct 01Maximus: An Undervalued Gem That Can Provide Double-Digit Returns
Sep 10
Tactical Investments And Government Contracts Propel Future Growth And Stability
Investing in technology and new contracts like the IRS and TSA indicates a focus on operational efficiency and a robust growth pipeline.Maximus, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Aug 11Maximus, Inc.'s (NYSE:MMS) Intrinsic Value Is Potentially 77% Above Its Share Price
Jul 30Maximus, Inc.'s (NYSE:MMS) Earnings Haven't Escaped The Attention Of Investors
Jul 12Earnings Beat: Maximus, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | US$372m |
| Sep 30 2025 | US$11m | US$977k | US$319m |
| Jun 30 2025 | n/a | n/a | US$316m |
| Mar 31 2025 | n/a | n/a | US$300m |
| Dec 31 2024 | n/a | n/a | US$284m |
| Sep 30 2024 | US$10m | US$887k | US$307m |
| Jun 30 2024 | n/a | n/a | US$294m |
| Mar 31 2024 | n/a | n/a | US$235m |
| Dec 31 2023 | n/a | n/a | US$186m |
| Sep 30 2023 | US$7m | US$850k | US$162m |
| Jun 30 2023 | n/a | n/a | US$172m |
| Mar 31 2023 | n/a | n/a | US$172m |
| Dec 31 2022 | n/a | n/a | US$190m |
| Sep 30 2022 | US$6m | US$823k | US$204m |
| Jun 30 2022 | n/a | n/a | US$187m |
| Mar 31 2022 | n/a | n/a | US$250m |
| Dec 31 2021 | n/a | n/a | US$280m |
| Sep 30 2021 | US$8m | US$754k | US$291m |
| Jun 30 2021 | n/a | n/a | US$303m |
| Mar 31 2021 | n/a | n/a | US$273m |
| Dec 31 2020 | n/a | n/a | US$220m |
| Sep 30 2020 | US$6m | US$743k | US$215m |
| Jun 30 2020 | n/a | n/a | US$211m |
| Mar 31 2020 | n/a | n/a | US$209m |
| Dec 31 2019 | n/a | n/a | US$244m |
| Sep 30 2019 | US$5m | US$719k | US$241m |
Compensation vs Market: Bruce's total compensation ($USD11.21M) is above average for companies of similar size in the US market ($USD6.75M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
CEO
Bruce Caswell (58 yo)
Mr. Bruce L. Caswell has been Chief Executive Officer and Director of MAXIMUS, Inc. since April 1, 2018. Mr. Caswell has been the President at MAXIMUS Inc. since October 1, 2014 and served as its General M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.3yrs | US$11.21m | 0.60% $ 24.6m | |
| CFO & Treasurer | 4.2yrs | US$3.87m | 0.035% $ 1.5m | |
| General Counsel | 2.4yrs | US$3.12m | 0.010% $ 412.1k | |
| Chief Human Resources Officer | 5.9yrs | US$2.32m | 0.0091% $ 377.4k | |
| General Manager of Health Services U.S. | no data | US$2.74m | 0.012% $ 479.5k | |
| Principal Accounting Officer | 6.1yrs | no data | 0.025% $ 1.0m | |
| Chief Technology Officer | 1.4yrs | no data | no data | |
| Chief Digital & Information Officer (CDIO) | 2.1yrs | no data | no data | |
| Senior Vice President of Corporate Development & Strategic Planning | 10.1yrs | no data | no data | |
| Senior VP of Technology & Consulting Services of Healthcare | 3.4yrs | no data | no data | |
| VP of Global Impact & Belonging and President & Chairperson of Maximus Foundation | less than a year | no data | no data | |
| Vice President of Investor Relations & ESG | no data | no data | no data |
Experienced Management: MMS's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.8yrs | US$11.21m | 0.60% $ 24.6m | |
| Independent Director | 21.5yrs | US$335.00k | 0.21% $ 8.6m | |
| Independent Vice Chairman | 19.8yrs | US$320.00k | 0.10% $ 4.2m | |
| Independent Chairman | 5.9yrs | US$500.00k | 0.25% $ 10.3m | |
| Independent Director | 6.9yrs | US$300.00k | 0.024% $ 1.0m | |
| Independent Director | 5.9yrs | US$330.00k | 0.027% $ 1.1m | |
| Independent Vice Chair of the Board | 9.2yrs | US$360.00k | 0.053% $ 2.2m | |
| Independent Director | 9.2yrs | US$300.00k | 0.022% $ 923.5k |
Experienced Board: MMS's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/12 11:47 |
| End of Day Share Price | 2026/02/12 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Maximus, Inc. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Gillmor | Baird |
| Richard Close | Canaccord Genuity |
| Constantine Davides | Citizens JMP Securities, LLC |