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AMTM

Amentum Holdings, Inc.

AMTM

Amentum Holdings, Inc. • NYSE
$28.63 ▼ -2.39% (-0.70)
Market Cap $6.97 B
52w High $31.87
52w Low $16.01
Dividend Yield 0%
P/E 106.04
Volume 1.36M
Outstanding Shares 243.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $3.925B ▲ $238M ▲ $40M ▲ 1.019% ▲ $0.16 ▲ $258M ▲
Q3-2025 $3.561B ▲ $133M ▲ $10M ▲ 0.281% ▲ $0.041 ▲ $229M ▼
Q2-2025 $3.491B ▲ $124M ▲ $4M ▼ 0.115% ▼ $0.017 ▼ $239M ▼
Q1-2025 $3.416B ▲ $121M ▼ $12M ▼ 0.351% ▼ $0.049 ▼ $261M ▲
Q4-2024 $2.212B $137M $26M 1.175% $0.11 $117M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $437M ▼ $11.46B ▼ $6.84B ▼ $4.505B ▲
Q3-2025 $738M ▲ $11.808B ▼ $7.219B ▼ $4.458B ▲
Q2-2025 $546M ▲ $12.004B ▲ $7.425B ▲ $4.427B ▼
Q1-2025 $522M ▲ $11.919B ▼ $7.356B ▼ $4.475B ▲
Q4-2024 $452M $11.974B $7.422B $4.46B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $59M ▲ $270M ▲ $-8M ▼ $-559M ▼ $-301M ▼ $270M ▲
Q3-2025 $-1M ▼ $106M ▲ $275M ▲ $-203M ▼ $192M ▲ $114M ▲
Q2-2025 $2M ▼ $57M ▼ $-31M ▼ $-12M ▲ $24M ▼ $57M ▼
Q1-2025 $21M ▲ $110M ▲ $-8M ▼ $-16M ▲ $70M ▼ $102M ▲
Q4-2024 $-283M $-112.991M $483.386M $-192.733M $180.948M $-201M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past few years, showing that Amentum is winning work and expanding its contract base. Profitability at the operating level looks reasonably healthy for a government services contractor, with consistent operating profit and a meaningful buffer above basic costs. However, the company has reported accounting losses at the bottom line in recent years, suggesting heavy interest costs, transaction-related expenses, or other below‑the‑line items are weighing on reported earnings. In simple terms: the core business appears solid and scalable, but net income has not yet caught up to the growth story.

Balance Sheet

Balance Sheet The balance sheet has changed significantly, likely reflecting deals, restructuring, or a recapitalization. Total assets have expanded sharply, and equity has been rebuilt from a very thin base to something more substantial, which is a positive shift. At the same time, debt is quite high relative to cash, meaning the company relies heavily on borrowing. That leverage introduces financial risk and makes interest costs an important factor to watch, even though the recent strengthening of equity suggests some improvement in its financial foundation.

Cash Flow

Cash Flow Cash generation is a relative strength. Amentum has produced positive operating cash flow in every year shown, and free cash flow has remained consistently positive despite accounting losses. Capital spending needs are modest, which fits an asset‑light, services‑focused model. The main nuance is that cash flow from operations has trended down from earlier levels, so while the cash profile is stable and generally healthy, it is not yet showing the same momentum as revenue growth.

Competitive Edge

Competitive Edge Amentum appears to hold a very strong competitive position, especially in U.S. nuclear infrastructure, where it manages the vast majority of the Department of Energy’s complex. That role is deeply embedded in national security and energy policy, supported by long‑term contracts and high regulatory barriers. The company also has meaningful positions in space, defense, and critical infrastructure support, underpinned by specialized know‑how and long relationships with government customers. The flip side is high dependence on U.S. government budgets, procurement cycles, and policy direction, as well as exposure to intense competition for large contracts from other major contractors.

Innovation and R&D

Innovation and R&D Innovation is centered on applying advanced technologies to mission‑critical services rather than on traditional product R&D. Amentum is leaning into artificial intelligence, digital twins, and augmented reality to enhance analytics, engineering, maintenance, and training. Examples include digital models for nuclear submarines, AI‑driven financial threat analysis, and remote expert tools for field support. The company is also repositioning as a pure‑play, tech‑enabled services provider, supported by partnerships and internal technology councils. The key opportunity is to turn these capabilities into higher‑value, stickier contracts; the key risk is execution and talent competition in fast‑moving digital and cyber domains.

Summary

Overall, Amentum comes across as a growing, strategically important government services provider with a particularly powerful niche in nuclear infrastructure and a growing presence in space and advanced defense work. The income statement shows a business that is operationally profitable but still reporting accounting losses, partly reflecting a leveraged capital structure. The balance sheet has improved but remains debt‑heavy, making financing costs and refinancing conditions important to monitor. Consistently positive free cash flow and relatively light capital needs are positives that support resilience. Strategically, the combination of deep nuclear expertise, long‑term government relationships, and increasing use of AI, digital engineering, and AR/VR gives Amentum a differentiated position, but also ties its fortunes closely to government policy, contract wins, and its ability to keep executing complex programs effectively.

NEWS

November 24, 2025 · 4:30 PM UTC

Amentum Reports Strong Fourth Quarter and Fiscal Year 2025 Results

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November 20, 2025 · 6:45 AM UTC

Jacobs Reports Strong Fiscal Fourth Quarter and Fiscal Year 2025 Earnings

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November 12, 2025 · 8:30 AM UTC

Amentum Wins U.S. Air Force Contract Worth up to $995M to Modernize the MQ-9 Unmanned Aerial System

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October 31, 2025 · 5:00 AM UTC

Amentum Wins Prime Positions on Multi-billion Pound Sellafield Decommissioning Framework

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October 23, 2025 · 9:00 AM UTC

Amentum to Host Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call on November 25, 2025

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