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AMTMAmentum Holdings, Inc.
$19.70$4.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
AMTM logo

Amentum Holdings, Inc.

AMTM
NYSE · Aerospace & Defense
$19.70
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$4.81B
P/E73.0x
52W High$38.11
Volume2.07M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Deleveraging Fortress Balance Sheet Masks Revenue Deceleration

Amentum's post-merger integration has produced a fortress-like balance sheet with debt-to-equity collapsing from 1.09 in 2024Q4 to 0.01 in 2026Q3, yet revenue growth has turned negative at -2.0% in 2026Q3, suggesting organic demand is softening. The company's ...

GrowthDecelerating
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AMTM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+227% Peers

P/E is 227% above peer median

03

Market leadership

RS 21 · Lag

Laggard (Underperforming 79% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 10
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has decelerated from triple-digit post-merger spikes to -2.0% in 2026Q3, while gross margin volatility (ranging from 5.0% in 2024Q4 to 13.0% in 2026Q3) masks a structural ceiling near 7-8%, though operating margin improved to 5.6% in 2026Q3 on lower SG&A.

Analyst Consensus+37.9% target
Hold(11 analysts)
5 Buy6 Hold0 Sell

The Bull Case

Upside Catalysts

Advanced engineering leadership

Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies for complex challenges.

NASA contract prominence

Amentum is the main contractor for NASA's Exploration Ground Systems program, supporting launch infrastructure and ground systems at Kennedy Space Center.

Fortune 500 recognition

Amentum has been named to the Fortune 500 list, highlighting its growth and industry prominence.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AMTM-35.37%
S&P 500 (^GSPC)+13.20%
1-Year Return
AMTM-13.63%
S&P 500 (^GSPC)+15.98%
3-Year Return
AMTM-33.24%
S&P 500 (^GSPC)+78.38%
5-Year Return
AMTM-33.24%
S&P 500 (^GSPC)+75.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
73.0x
Forward P/EExpansion
8.0x
EV/EBITDA0th %ile
8.4x
FCF YieldCash Flow
10.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
73.0x
96.1x
0th· Low
EV/EBITDA
8.4x
12.6x
0th· Low
Price/FCF
9.3x
64.9x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$9.67-50.9%
Base (Fair)$48.89+149.4%
Bull$94.90+381.7%
$9.67 Bear$48.89 Base$94.90 Bull
Current Market Price: $19.70
Trades at a 59.7% discount to Base DCF ($48.89)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$14.39B+71.6% YoY
Net income
$66M+180.5% YoY
Free cash flow
$516M+1333.3% YoY
Operating margin
3.5%+0.0 pts YoY
ROIC (TTM)4.3%
Avg ROIC 5Y-
ROE (TTM)1.4%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (89%)
Revenue Beat Rate3/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
$0.67+9.7%
vs $0.61
$3.5B-2.3%
vs $3.6B
Q2 2026
May 11, 2026
$0.60+3.4%
vs $0.58
$3.5B+0.3%
vs $3.5B
Q1 2026
Feb 9, 2026
$0.54+1.9%
vs $0.53
$3.2B-2.6%
vs $3.3B
Q4 2025
Nov 24, 2025
$0.63+6.6%
vs $0.59
$3.9B+8.6%
vs $3.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 1, 2026
Amentum Selected for Projects to Upgrade and Protect the UK Energy Grid

CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum has been selected for strategic positions on two significant UK energy frameworks awarded by SSEN Transmission.

Defense World·Aug 28, 2026
AWH Capital L.P. Invests $4.86 Billion in Amentum Holdings, Inc. $AMTM

AWH Capital L.P. bought a new stake in Amentum Holdings, Inc. (NYSE: AMTM) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 235,250 shares of the company's stock, valued at approximately $4,862,618,000. Amentum accounts for about 3.3% of AWH Capital L.P.'s investment portfolio,

Business Wire·Aug 20, 2026
Amentum Wins $974M Center Maintenance, Operations, and Engineering Contract at NASA Langley Research Center

CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM) has been awarded the Center Maintenance, Operations, and Engineering II (CMOE II) contract at NASA Langley Research Center in Hampton, Virginia, a renowned hub for scientific discovery and innovation. The award reaffirms Amentum's role as a trusted partner in advancing NASA's groundbreaking research, technology development, and exploration goals. “The scope of solutions and capabilities we deliver will ensure NASA Langley sustains its critic.

Business Wire·Aug 19, 2026
Amentum to Support Critical Infrastructure and Platforms Under New Engineering Services Framework

CHANTILLY, Va.--(BUSINESS WIRE)---- $AMTM #Amentum--Amentum joins five-year Babcock framework to support nuclear, marine, land, aviation and mission systems for the UK Armed Forces at home and abroad.

Filtered for Amentum Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark AMTM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Amentum Holdings, Inc. (AMTM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AMTM logoAMTMAmentum Holdings, Inc.Current
$19.70$4.81B72.9671.59%0.46%1.44%—
SAIC logoSAICScience Applications International Corporation
$129.69$5.48B16.84-2.9%5.13%25.89%—
LDOS logoLDOSLeidos Holdings, Inc.
$123.31$15.51B11.083.07%7.67%26.38%—
BAH logoBAHBooz Allen Hamilton Holding Corporation
$76.28$9.18B11.04-6.37%7.01%71.9%—
CACI logoCACICACI International Inc
$613.22$13.55B25.3810.89%5.6%12.68%—
MAN logoMANManpowerGroup Inc.
$57.63$2.68B-198.720.58%0.56%5.06%—

Compare AMTM vs Peers

Amentum Holdings, Inc. (AMTM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SAIC

Most directly comparable listed peer for AMTM.

Scale Benchmark

vs PLTR

Larger-name benchmark to compare AMTM against a more recognizable public peer.

Peer Set

Compare Top 5

vs SAIC, LDOS, BAH, CACI

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AMTM SEC Filings & Documents

Amentum Holdings, Inc. (AMTM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

May 11, 2026·SEC

Material company update

Apr 28, 2026·SEC

10-K Annual Reports

2
FY 2025

Nov 25, 2025·SEC

FY 2024

Dec 17, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 11, 2026·SEC

FY 2026

May 12, 2026·SEC

FY 2026

Feb 10, 2026·SEC

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AMTM Frequently Asked Questions

Amentum Holdings, Inc. (AMTM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Amentum Holdings, Inc.'s revenue?

Amentum Holdings, Inc. (AMTM) reported $14.13B in revenue for fiscal year 2025. This represents a 84% increase from $7.68B in 2022.

How fast is Amentum Holdings, Inc. growing?

Amentum Holdings, Inc. (AMTM) grew revenue by 71.6% over the past year. This is strong growth.

Is AMTM profitable?

Yes, Amentum Holdings, Inc. (AMTM) is profitable, generating $204.0M in net income for fiscal year 2025 (0.5% net margin).

Dividend & Returns
What is AMTM's return on equity?

Amentum Holdings, Inc. (AMTM) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.

What is Amentum Holdings, Inc.'s free cash flow?

Amentum Holdings, Inc. (AMTM) generated $485.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in AMTM back in 2022?

Total return calculator · dividends reinvested · 4+ years of data

See returns →