Amentum Holdings, Inc. (AMTM) Stock

Amentum Holdings, Inc. (AMTM) is a Technology stock trading at $21.51 (as of 2026-08-21), with a market capitalization of $5.24B and a trailing P/E of 25.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Amentum Holdings, Inc. provides mission-critical, technology-driven services in government and commercial markets. It operates through two operating segments: Critical Mission Solutions and Cyber & Intelligence. The Critical Mission Solutions segment provides test, training, and operations services for missile defense systems, IT and engineering services to defense clients and the space sector, technological solutions, including installations, decommissioning, and environmental remediation to energy clients, and other highly technical consulting solutions. The Cyber & Intelligence segment provides advanced cyber training and data analytics for government professionals, advanced communication systems and aerial mapping technologies to national security clients, and other technical services for United States defense and intelligence clients. The company was founded on November 26, 2019 and is headquartered in Chantilly, VA.

Understand Amentum Holdings, Inc.: how it makes money

Amentum Holdings provides mission-critical, technology-driven services to government and commercial customers, including test, training, and operations for defense systems, IT and engineering services for defense and space, and installations, decommissioning, and environmental remediation for energy customers. It makes money by delivering these specialized services through its technology-driven service offerings.

Its earnings structure is tied to converting contract demand into delivered services revenue, so order intake signals like book-to-bill and pending awards are central to understanding how revenues are likely to develop.

Revenue by segment (latest quarter)
Engineering Solutions$2.0B
Digital Solutions$1.3B

Business quality (Weak): The provided metrics show meaningful order-intake indicators (book-to-bill and pending awards), but profitability in the latest snapshot is modest, which increases sensitivity to execution and cost pressure.

Valuation: Trades at 38× trailing earnings · $6B market cap.

Bull case

  • Order intake appears stronger than revenue timing, with Book-to-Bill (Quarterly and Last Twelve Months) at 1.2: A book-to-bill above 1.0 is a constructive demand indicator for services businesses.
  • There is a large pipeline figure, with Pending Awards of 29.0 USD_B: A substantial awards pipeline can support future service delivery, helping reduce visibility risk.
  • Revenue is supported by two distinct service lines in the provided breakdown: Engineering Solutions (2.01 USD_B) and Digital Solutions (1.34 USD_B) provide diversification across offerings.

Bear case

  • Profitability is low in the provided snapshot, with gross margin at 9.9% and operating margin at 4.3%: Small margin buffers can make results more sensitive to cost overruns or delivery challenges.
  • The company shows execution and conversion risk inherent to services contracts: Even with a constructive book-to-bill and pending awards, turning awards into revenue requires effective delivery on time and within cost targets.
Valuation — source: SEC EDGAR (first-party)
Price$21.51
Market Cap$5.24B
P/E Ratio25.7
EV / EBITDA13.6
Price / Book1.09
Price / Sales0.37
FCF Yield9.0%
DCF Value (model)$15.46
DCF Upside vs Price-28.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$14.39B
Net Margin0.5%
Revenue Growth (YoY)-2.0%
EPS Growth (YoY)575.0%
FCF Growth (YoY)35.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.88 (grey)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E25.7
Sector P/E (Technology)33.9
Industry P/E (Business Services)29.9
vs Sector-24.1%
vs Industry-14.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAMERICAN SECURITIES LLC ($1.17B)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorTechnology
IndustryBusiness Services
CEOJohn E. Heller
Employees53,000
CountryUS
IPO Date2024-09-24

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AMTM earnings history · AMTM institutional & insider holders · AMTM KPIs & operating metrics · AMTM financials · AMTM investor presentations & press releases · AMTM SEC filings · AMTM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.