Maximus, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $2.40B | $2.10B | $1.70B | $1.33B | $1.05B | $929.6M | $831.7M |
| Cost of Revenue | $1.84B | $1.84B | $1.59B | $1.25B | $945.2M | $762.2M | $676.0M | $610.9M |
| Gross Profit | $611.9M | $562.2M | $512.7M | $452.1M | $386.0M | $287.9M | $253.7M | $220.8M |
| Gross Margin | 25.0% | 23.4% | 24.4% | 26.6% | 29.0% | 27.4% | 27.3% | 26.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $284.6M | $269.1M | $238.8M | $220.9M | $193.8M | $160.6M | $132.1M | $118.8M |
| Operating Income | $313.5M | $286.6M | $259.8M | $225.3M | $185.2M | $127.3M | $122.4M | $107.4M |
| Operating Margin | 12.8% | 11.9% | 12.4% | 13.2% | 13.9% | 12.1% | 13.2% | 12.9% |
| Interest Expense | $2.2M | $4.1M | $1.4M | $0 | — | — | — | — |
| Pretax Income | $314.2M | $286.0M | $259.8M | $227.4M | $189.0M | $131.5M | $125.9M | $108.3M |
| Income Tax Expense | $102.1M | $105.8M | $99.8M | $82.0M | $71.7M | $55.7M | $43.8M | $38.9M |
| Net Income | $209.4M | $178.4M | $157.8M | $145.4M | $116.7M | $76.1M | $81.2M | $70.4M |
| Net Margin | 8.5% | 7.4% | 7.5% | 8.6% | 8.8% | 7.2% | 8.7% | 8.5% |
| EPS (Basic) | $3.19 | $2.71 | $2.37 | $2.15 | $1.71 | $1.12 | $1.18 | $2.02 |
| EPS (Diluted) | $3.17 | $2.69 | $2.35 | $2.11 | $1.67 | $1.09 | $1.14 | $1.96 |
| Shares Outstanding (Basic) | 65.6M | 65.8M | 66.7M | 67.7M | 68.2M | 67.7M | 68.8M | 34.8M |
| Shares Outstanding (Diluted) | 66.1M | 66.2M | 67.3M | 69.1M | 69.9M | 69.6M | 71.1M | 35.9M |
| Dividends Per Share | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.36 | $0.30 | $0.24 |