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AMTMAmentum Holdings, Inc.
$21.25$5.2B
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 · Government IT Services
$21.25
At close - Nov 6, 4:00 PM EST - USD
Market Cap$5.19B
P/E25.5x
52W High$38.11
Volume1.13M
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.

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

+25% Peers

P/E is 25% above peer median

03

Market leadership

RS 51 · Avg

Average momentum (RS Rating: 51)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 23
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+23.0% target
Hold(12 analysts)
5 Buy7 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 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AMTM-30.28%
S&P 500 (^GSPC)+7.63%
1-Year Return
AMTM-2.48%
S&P 500 (^GSPC)+9.69%
3-Year Return
AMTM-27.99%
S&P 500 (^GSPC)+68.05%
5-Year Return
AMTM-27.99%
S&P 500 (^GSPC)+56.05%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
25.5x
Forward P/EExpansion
8.7x
EV/EBITDA0th %ile
8.8x
FCF YieldCash Flow
9.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
25.5x
96.1x
0th· Low
EV/EBITDA
8.8x
12.6x
0th· Low
Price/FCF
10.7x
64.9x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$7.64-64.0%
Base (Fair)$46.78+120.1%
Bull$92.02+333.0%
$7.64 Bear$46.78 Base$92.02 Bull
Current Market Price: $21.25
Trades at a 54.6% discount to Base DCF ($46.78)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$14.39B+71.6% YoY
Net income FY25
$66M+180.5% YoY
Free cash flow FY25
$516M+1333.3% YoY
Operating margin FY25
3.5%+0.0 pts YoY
ROIC (FY25)4.3%
Avg ROIC 5Y2.8%
ROE (TTM)4.3%
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

4 Stories
Business Wire·5d ago
Amentum and Kyoto Fusioneering Announce Strategic Collaboration to Accelerate Global Fusion Commercialization

OAK RIDGE, Tenn.--(BUSINESS WIRE)-- #AI--Amentum and Kyoto Fusioneering establish framework across UK, Japan & US, strengthening both org.'s roles advancing fusion energy commercialization.

Business Wire·Oct 30, 2026
Amentum Expands Defense and Space Operations in Colorado Springs

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $AMTM #Amentum--Amentum (NYSE: AMTM) has expanded its presence in Colorado Springs to the Catalyst Campus for Technology and Innovation to accelerate defense and space innovation. The new facility enhances Amentum's ability to deliver advanced engineering and innovative technology solutions, deepen defense partnerships, and accelerate the development of next‑generation capabilities. “Amentum's presence at the Catalyst Campus for Technology and Innovation strengthens ou.

Investor Place·Oct 22, 2026
The New Space Race Is About Who Controls the Infrastructure

Europe and the U.S. are funding sovereign space systems, creating new demand for launch, satellites, defense hardware, and logistics.

Business Wire·Oct 8, 2026
Amentum Opens Global Nuclear Headquarters in Oak Ridge, Tennessee

OAK RIDGE, Tenn.--(BUSINESS WIRE)-- #AdvancedEnergy--Amentum opens its Global Nuclear headquarters in Oak Ridge, Tennessee as a centralized hub for international nuclear business operations.

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
$21.25$5.19B25.5271.59%1.44%4.35%—
SAIC logoSAICScience Applications International Corporation
$146.30$6.19B16.48-2.9%5.13%25.89%1.03%
LDOS logoLDOSLeidos Holdings, Inc.
$132.68$16.69B11.613.07%8.03%27.77%1.2%
BAH logoBAHBooz Allen Hamilton Holding Corporation
$85.35$10.27B13.02-6.37%7.14%68.53%2.64%
CACI logoCACICACI International Inc
$611.16$13.5B25.1910.89%5.55%12.37%—
MAN logoMANManpowerGroup Inc.
$44.50$2.07B17.790.58%0.64%5.75%3.22%

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 over the trailing twelve months. Revenue was $14.39B in fiscal year 2025. That is 88% more than the $7.68B of fiscal year 2022.

How fast is Amentum Holdings, Inc. growing?

Amentum Holdings, Inc. (AMTM) revenue fell by 3.9% over the trailing twelve months, compared with the twelve months before.

Is AMTM profitable?

Yes. Amentum Holdings, Inc. (AMTM) earned $204.0M in net income over the trailing twelve months (a 1.4% net margin).

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

Amentum Holdings, Inc. (AMTM) had a return on equity (ROE) of 4.3% over the trailing twelve months. That is below the market's typical 10-15%.

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

Amentum Holdings, Inc. (AMTM) generated $485.0M in free cash flow over the trailing twelve months.

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

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

See returns →