Broadridge Financial Solutions
BR · Data Processing & Outsourced Services
$183.28
1.5%Maximus
MMS · Data Processing & Outsourced Services
$63.02
0.6%The short version
- Broadridge Financial Solutions is the larger business, with $7.5B of revenue in fiscal 2026 against $5.4B for Maximus.
- Broadridge Financial Solutions grew revenue faster (8.5%, against 2.4%).
- Broadridge Financial Solutions kept more of each dollar of sales as operating profit (17.4% operating margin, against 9.7% operating margin).
- Broadridge Financial Solutions turned more of its sales into free cash flow (17.1% FCF margin, against 6.7% FCF margin).
- Broadridge Financial Solutions earned a higher return on the capital invested in it (18.3%, against 13.6%).
- Investors pay more for each dollar of Broadridge Financial Solutions’s earnings: a P/E of 19.1x against 9.3x for Maximus.
| Latest fiscal year | BR · FY26 | MMS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.5B | $3.3B |
| Revenue | $7.5B | $5.4B |
| Free cash flow | $1.3B | $366M |
| Net income | $1.1B | $319M |
| Growth | ||
| Revenue growth | 8.5% | 2.4% |
| 5-year growth | 8.4% | 9.4% |
| Share count change | −1.0% | −5.8% |
| Profitability | ||
| Gross margin | 31.8% | 24.6% |
| Operating margin | 17.4% | 9.7% |
| Net margin | 15.0% | 5.9% |
| FCF margin | 17.1% | 6.7% |
| Return on capital | 18.3% | 13.6% |
| Return on equity | 40.9% | 18.1% |
| Balance sheet | ||
| Net debt | $2.9B | $1.1B |
| Net debt / EBITDA | 2.0x | 2.0x |
| Dividends and buybacks | $1.0B | $516M |
| Valuation & quality | ||
| P/E | 19.1x | 9.3x |
| Piotroski F-score | 9 | 7 |
FY17
BR $4.1B
MMS $2.5B
FY18
BR $4.3B
MMS $2.4B
FY19
BR $4.4B
MMS $2.9B
FY20
BR $4.5B
MMS $3.5B
FY21
BR $5.0B
MMS $4.3B
FY22
BR $5.7B
MMS $4.6B
FY23
BR $6.1B
MMS $4.9B
FY24
BR $6.5B
MMS $5.3B
FY25
BR $6.9B
MMS $5.4B
FY26
BR $7.5B
MMS —
BR
MMS
FY17
BR 12.8%
MMS 12.8%
FY18
BR 13.8%
MMS 12.4%
FY19
BR 15.0%
MMS 11.0%
FY20
BR 13.8%
MMS 8.3%
FY21
BR 13.6%
MMS 9.6%
FY22
BR 13.3%
MMS 7.0%
FY23
BR 15.5%
MMS 6.0%
FY24
BR 15.6%
MMS 9.2%
FY25
BR 17.3%
MMS 9.7%
FY26
BR 17.4%
MMS —
BR
MMS
FY17
BR $431M
MMS —
FY18
BR $617M
MMS $290M
FY19
BR $566M
MMS $290M
FY20
BR $536M
MMS $204M
FY21
BR $588M
MMS $481M
FY22
BR $415M
MMS $234M
FY23
BR $785M
MMS $224M
FY24
BR $999M
MMS $401M
FY25
BR $1.1B
MMS $366M
FY26
BR $1.3B
MMS —
BR
MMS
FY17
BR 22.5%
MMS 25.9%
FY18
BR 24.5%
MMS —
FY19
BR 24.6%
MMS —
FY20
BR 20.0%
MMS 18.3%
FY21
BR 13.2%
MMS 15.3%
FY22
BR 11.2%
MMS 8.4%
FY23
BR 13.7%
MMS 7.9%
FY24
BR 15.2%
MMS 13.1%
FY25
BR 17.8%
MMS 13.6%
FY26
BR 18.3%
MMS —
BR
MMS
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.