Amentum Holdings, Inc.AMTM
NYSE•Industrials•Specialty Business Services
Amentum Holdings, Inc. engages in the provision of engineering and technology solutions in the United States and internationally. It operates through two segments, Digital Solutions and Global Engineering Solutions. The company offers digital and data-driven solutions, including intelligence analytics, space system development, cybersecurity, and IT to the federal government and commercial clients. It also provides large-scale environmental remediation, nuclear power solutions, platform engineering, sustainment, and supply chain management for the U.S. government and allied nations. The company was incorporated in 2023 and is headquartered in Chantilly, Virginia.
Amentum Holdings, Inc. (AMTM) reported trailing twelve months revenue of $14.20B as of April 2026, a Infinity% increase year-over-year. Quarterly revenue reached $3.48B, reflecting continued top-line momentum.
Amentum Holdings, Inc. generated $148.00M in TTM net income, with quarterly EBITDA of $251.00M. The operating margin expanded from 3.2% to 4.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.3%) and net margin (1.6%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 0.1% a year ago, signaling stronger bottom-line efficiency.
AMTM trades at a P/E of 37.7x (a premium multiple) and a P/S of 0.4x. The price-to-book ratio of 1.2x reflects a moderate premium to book value.
The company generated $220.00M in free cash flow over the trailing twelve months, a 315.1% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $11.17B in total assets with $3.89B in long-term debt against $4.61B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 7 quarters of fundamental data
Operating margins are positive at ~3.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
6 of the last 7 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 7 quarters
Margins are stable or improving at ~3.7% — no sign of cost or pricing stress.
FCF covers net income by 5.5x on average — earnings are well-supported by cash generation.
D/E ratio is 0.8 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 168.1% — significant dilution, likely from stock compensation or capital raises.