Fundamental analysis · SEC EDGAR · TTM through 03/07/2026

Fundamental analysis of Amentum Holdings, Inc.

AMTM · NYSE · Industrial

Fundamental quality

DEMANDING

49

out of 100

Amentum Holdings, Inc.'s profile is defined by leverage: it carries high debt (5.33× EBITDA) on thin margins (1.4%), which makes it more sensitive to rates and the cycle. On fundamental quality it scores 49 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its profitability (net margin 1.4%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Amentum is a giant American government-services contractor, born from merging Jacobs' services with AECOM's veteran business: engineering, military logistics, nuclear energy and space programs. Hundreds of federal contracts and one mission: turning scale into margin.

What will shape its future

  • The federal and defense budget, its near-total revenue source.
  • Post-merger integration: synergies and debt to digest at once.
  • Multi-year contract competitions, its periodic elections.

Breakdown by area

I.Growth
79

Revenue growth: 17.6%

II.Profitability
32

Net margin: 1.4% · ROE: 4.3% · ROIC: 5.5%

III.Financial health
35

Net debt/EBITDA: 5.33x · FCF: 3.4%

Source: SEC EDGAR · TTM through 03/07/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 12%
ROEbeats 12%
Growthbeats 79%
Cash generationbeats 19%
Less debtbeats 12%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Amentum Holdings, Inc. strengths

  • Revenue growing (17.6% annualized).
  • It has turned profitable after years of losses.
  • Revenue rising without interruption since 2022.
  • Positive free cash flow year after year, a self-funding business.

Amentum Holdings, Inc. risks and weaknesses

  • Very high leverage (net debt of 5.33× EBITDA): more exposed to rates and to a rough patch.
  • Its net debt has grown over the period.
  • Thin margins (net margin of 1.4%), little cushion for setbacks.
  • Low return on equity (ROE of 4.3%).

Amentum Holdings, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20227,676-84108-366
20237,865-314553,807
20248,388-82364,227
202514,393665163,506

Between 2022 and 2025, revenue went from $7,676M to $14,393M (+88%) and net income went from -$84M to $66M (+179%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the nine months ended July 3, 2026, versus the nine months ended June 27, 2025 (SEC filings):

  • Revenue-2.5%
  • Net income+530.8%

What changed with the July 3, 2026 results

Compared with the previous close (April 3, 2026), this is what moved in its accounts:

  • Quality score4749
  • ROE3.2%4.3%
  • Revenue growth19.2%17.6%
  • Net debt/EBITDA6.17×5.33×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Amentum Holdings, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Amentum Holdings, Inc. a good company to invest in?

In terms of business quality, Amentum Holdings, Inc. scores 49 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Amentum Holdings, Inc. a profitable company?

Amentum Holdings, Inc. is profitable, with a net margin of 1.4%, though a thin one.

Does Amentum Holdings, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 5.33 times its EBITDA, and it has been rising.

Is Amentum Holdings, Inc. growing?

Its revenue has grown 17.6% annualized in recent years, and without interruption since 2022.

Does Amentum Holdings, Inc. generate cash?

Yes. It converts about 3.4% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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