MMS
Maximus, Inc.
MMS has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MMS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Unavailable |
MMS's profitability and cash flow are currently healthy, and its revenue is stable. There isn't enough data to rate its balance sheet.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
MMS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.4x | $64.87 | — |
| Current | 9.7x | $64.87 | — |
| Cheap | 15x | $97.91 | +51% |
| Fair | 19x | $128 | +98% |
| Expensive | 26x | $176 | +171% |
Historical ranges are pointers, not guarantees.
MMS's PE is in its cheap range at 9.7x. If earnings grow as analysts expect, today's price would be 7.4x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
MMS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect MMS's earnings to grow and its profitability to improve, with its revenue holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over MMS on the outlook, with more favorable revenue expectations.
MMS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.77 | +31% |
| Q2 2026 | $6.72 | +24% |
| Q1 2026 | $6.63 | +32% |
| Q4 2025 | $6.52 | +41% |
| Q3 2025 | $5.51 | +10% |
| Q2 2025 | $5.42 | +14% |
| Q1 2025 | $5.02 | +32% |
| Q4 2024 | $4.64 | +54% |
| Q3 2024 | $4.99 | +90% |
MMS has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
MMS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | -5.1% |
| Q1 2026 | $1.3B | -4.1% |
| Q4 2025 | $1.3B | -4.1% |
| Q3 2025 | $1.3B | +0.2% |
| Q2 2025 | $1.3B | +2.5% |
| Q1 2025 | $1.4B | +1% |
| Q4 2024 | $1.4B | +5.7% |
| Q3 2024 | $1.3B | +4.4% |
MMS's revenue grew through 2023 and has held roughly level since: $1.3B last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 13% | +0.3 points |
| Q1 2026 | 11% | +0.1 points |
| Q4 2025 | 11% | +4.7 points |
| Q3 2025 | 9.3% | +0.8 points |
| Q2 2025 | 12% | +1.5 points |
| Q1 2025 | 11% | +1.8 points |
| Q4 2024 | 6.2% | -1.9 points |
| Q3 2024 | 8.5% | +0.6 points |
MMS has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over MMS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
MMS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$137M | +$61.2M |
| Q1 2026 | $179M | +602% |
| Q4 2025 | -$250.7M | -$147.7M |
| Q3 2025 | $641.8M | +387% |
| Q2 2025 | -$198.2M | -220% |
| Q1 2025 | $25.5M | -76% |
| Q4 2024 | -$103M | -$102.3M |
| Q3 2024 | $131.9M | +17% |
MMS has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
MMS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.8% | -1.5M shares |
| 1 year | -6.9% | -3.9M shares |
| 3 years | -14% | -8.5M shares |
| 5 years | -15% | -9.4M shares |
| Available history | -18% | -11.8M shares |
MMS has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $49.9M |
| Q1 2026 | $114.4M |
| Q4 2025 | $40.6M |
| Q3 2025 | $141M |
| Q2 2025 | — |
| Q1 2025 | $77.9M |
| Q4 2024 | $228.6M |
| Q3 2024 | $25.8M |
MMS spent $346M buying back its own shares over the past year, up 4.1% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
MMS Net Leverage
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
MMS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.9 | Neutral |
| Stochastic | 78.9 | Neutral |
MMS's weekly RSI is 56 (neutral) and its Stochastic is 79 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
MMS PE vs Industrials Sector
| Metric | MMS | Sector median | Relative |
|---|---|---|---|
| PE | 9.7x | 24x | 60% below |
| PE % | 7 | 58 | 51 pts below |
MMS is trading at 9.7x earnings, a 60% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
MMS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.4 | 7.4% above |
| 20 week MA | $58.8 | 10% above |
| 50 week MA | $67.7 | 4.2% below |
| 100 week MA | $72.0 | 9.9% below |
| 200 week MA | $77.3 | 16% below |
MMS has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
MMS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $74.3 | $72.8 | -2% |
| 2021 | $72.8 | $78.1 | +7.2% |
| 2022 | $78.1 | $73.6 | -5.7% |
| 2023 | $73.6 | $83.9 | +14% |
| 2024 | $83.9 | $72.9 | -13% |
| 2025 | $72.9 | $86.9 | +19% |
| 2026 YTD | $86.9 | $64.9 | -25% |
MMS has finished lower in three of the last six years. It's down 25% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over MMS on returns for 2026, with the stronger performance.