Genpact
G · Data Processing & Outsourced Services
$40.83
2.3%Maximus
MMS · Data Processing & Outsourced Services
$63.02
0.6%The short version
- Maximus is the larger business, with $5.4B of revenue in fiscal 2025 against $5.1B for Genpact.
- Genpact grew revenue faster (6.6%, against 2.4%).
- Genpact kept more of each dollar of sales as operating profit (14.8% operating margin, against 9.7% operating margin).
- Genpact turned more of its sales into free cash flow (14.5% FCF margin, against 6.7% FCF margin).
- Genpact earned a higher return on the capital invested in it (19.4%, against 13.6%).
- Investors pay more for each dollar of Genpact’s earnings: a P/E of 12.1x against 9.3x for Maximus.
| Latest fiscal year | G · FY25 | MMS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.0B | $3.3B |
| Revenue | $5.1B | $5.4B |
| Free cash flow | $735M | $366M |
| Net income | $553M | $319M |
| Growth | ||
| Revenue growth | 6.6% | 2.4% |
| 5-year growth | 6.5% | 9.4% |
| Share count change | −2.1% | −5.8% |
| Profitability | ||
| Gross margin | 36.0% | 24.6% |
| Operating margin | 14.8% | 9.7% |
| Net margin | 10.9% | 5.9% |
| FCF margin | 14.5% | 6.7% |
| Return on capital | 19.4% | 13.6% |
| Return on equity | 22.4% | 18.1% |
| Balance sheet | ||
| Net debt | $358M | $1.1B |
| Net debt / EBITDA | 0.4x | 2.0x |
| Dividends and buybacks | $118M | $516M |
| Valuation & quality | ||
| P/E | 12.1x | 9.3x |
| Piotroski F-score | 7 | 7 |
FY16
G $2.6B
MMS $2.4B
FY17
G $2.7B
MMS $2.5B
FY18
G $3.0B
MMS $2.4B
FY19
G $3.5B
MMS $2.9B
FY20
G $3.7B
MMS $3.5B
FY21
G $4.0B
MMS $4.3B
FY22
G $4.4B
MMS $4.6B
FY23
G $4.5B
MMS $4.9B
FY24
G $4.8B
MMS $5.3B
FY25
G $5.1B
MMS $5.4B
G
MMS
FY16
G 13.3%
MMS 11.9%
FY17
G 12.1%
MMS 12.8%
FY18
G 11.6%
MMS 12.4%
FY19
G 12.2%
MMS 11.0%
FY20
G 11.8%
MMS 8.3%
FY21
G 12.7%
MMS 9.6%
FY22
G 11.5%
MMS 7.0%
FY23
G 14.1%
MMS 6.0%
FY24
G 14.7%
MMS 9.2%
FY25
G 14.8%
MMS 9.7%
G
MMS
FY16
G $264M
MMS —
FY17
G $302M
MMS —
FY18
G $255M
MMS $290M
FY19
G $353M
MMS $290M
FY20
G $514M
MMS $204M
FY21
G $641M
MMS $481M
FY22
G $393M
MMS $234M
FY23
G $435M
MMS $224M
FY24
G $533M
MMS $401M
FY25
G $735M
MMS $366M
G
MMS
FY16
G 16.2%
MMS 22.5%
FY17
G 13.8%
MMS 25.9%
FY18
G 12.1%
MMS —
FY19
G 13.0%
MMS —
FY20
G 12.3%
MMS 18.3%
FY21
G 14.2%
MMS 15.3%
FY22
G 14.3%
MMS 8.4%
FY23
G 22.6%
MMS 7.9%
FY24
G 18.0%
MMS 13.1%
FY25
G 19.4%
MMS 13.6%
G
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.