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Provides engineering, logistics, IT and technical services mainly to the US government and defense/intelligence agencies.
Provides engineering, logistics, IT and technical services mainly to the US government and defense/intelligence agencies.
Is paid under multi-year government contracts, many cost-reimbursable, meaning the government repays costs plus a fee, and holds its position through rebids rather than one-off sales. Formed in 2024 when Jacobs' government services units were spun off and merged with the original Amentum, in a deal that left Jacobs shareholders with the larger share.
Moat: narrow (regulatory licence, customer qualification, installed base). Security-cleared workforce and incumbency on long-running government contracts are hard to replicate.
Headquarters: Germantown, Maryland, US · Founded: 2020 · Employees: 50,000
Size Amentum (AMTM) is a United States Industrials company (Aerospace & Defense) with a market value of $5.20B, the 1159th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.25 on 6 Nov 2026.
Performance Over six months the shares fell 13.4%, against -21.4% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 11.4% over the last twelve months (peer median +27.5%); the operating margin is 3.9% (peer median 5.8%).
Valuation It trades at 8.4× forward earnings against a peer median of 47.2× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points below its cost of capital (6.0% WACC).
Backlog Backlog (remaining performance obligations) was $8.90B at 3 Jul 2026, down 6% on a year earlier — 0.6 years of trailing revenue. Backlog detail →
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
Next results Next results expected around 23 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $14.1B | $14.4B | $8.39B | $7.86B | $7.68B |
| Revenue growth | — | +72% | +7% | +2% | — |
| Gross profit | $1.04B | $1.03B | $570M | $483M | $499M |
| EBITDA | $995M | $1.02B | $468M | $551M | $556M |
| Net income | $204M | $66.0M | -$82.0M | -$314M | -$84.4M |
| Free cash flow | $474M | $516M | $36.0M | $54.9M | $108M |
| Capital expenditure | $31.0M | $27.0M | $11.0M | $15.6M | $21.8M |
| Total debt | $3.83B | $4.17B | $4.94B | $4.34B | $4.45B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Amentum AMTM | $5.20B | -13% | +11% | 4% | 8.4× | 1.7% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| KBR KBR | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% |
| Booz Allen Hamilton BAH | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMTM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.0% | -3.5% | 4th highest of 21 |
| 6-month return | -13.4% | -21.4% | 7th highest of 21 |
| Distance from 52-week high | -44.2% | -46.4% | 11th highest of 21 |
| Revenue growth (TTM) | +11.4% | +27.5% | 8th lowest of 21 |
| Operating margin | 3.9% | 5.8% | 10th lowest of 21 |
| Forward P/E | 8.4× | 47.2× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 1.7% | 29.8% | least demanding of 8 |
| Growth delivered (Del g) | +23.3% | +14.9% | 4th highest of 8 |
| Hurdle (Req g minus delivered) | -21.6 pp | +1.6 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | -0.6 pp | -2.8 pp | 7th highest of 20 |
| EV / EBITDA | 8.7× | 30.9× | cheapest of 11 |
| Net debt / EBITDA | 3.4× | 2.3× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amentum AMTM | United States | $5.20B | -13% | +11% | 4% | 8.4× | 1.7% | +23.3% |
| LIG Defense&Aerospace 079550.KS | South Korea | $5.24B | -65% | +26% | 8% | 20.0× | n/a | n/a |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 21% | 51.7× | n/a | n/a |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 45% | n/a | 36.1% | +43.7% |
| AeroVironment AVAV | United States | $5.73B | -33% | +84% | 1% | 33.5× | n/a | n/a |
| Joby Aviation JOBY | United States | $5.89B | -45% | +118,568% | -754% | n/a | n/a | n/a |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | 2% | 44.2× | 59.6% | +1.3% |
| Karman KRMN | United States | $6.04B | -25% | +50% | 19% | 57.5× | n/a | n/a |
| Hexcel HXL | United States | $6.09B | -16% | +8% | 11% | 29.6× | 23.0% | +4.5% |
| Aar AIR | United States | $4.39B | -7% | +22% | 9% | 18.4× | 13.2% | +14.9% |
| BETA Technologies BETA | United States | $6.37B | +45% | +136% | -1,033% | n/a | n/a | n/a |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 130.0× | n/a | n/a |
| Bharat Dynamics BDL.NS | India | $4.12B | -28% | -19% | 10% | 47.2× | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 36.4× | n/a | n/a |
| Avic (Chengdu) UAS 688297.SS | China | $3.93B | -15% | +74% | 0% | 106.5× | n/a | n/a |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 82.5× | n/a | n/a |
| RENK R3NK.DE | Germany | $3.84B | -24% | +11% | 13% | 21.1× | 29.8% | +54.5% |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 52.2× | 29.1% | +27.5% |
| Jiangxi Hongdu Aviation Industry 600316.SS | China | $3.77B | -4% | +62% | 0% | 121.0× | 53.4% | +8.0% |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 45.4× | n/a | n/a |
| AECC Aero-engine Control 000738.SZ | China | $3.66B | -10% | -3% | 3% | 64.0× | n/a | n/a |
Amentum reported $8.90B of remaining performance obligations at 3 Jul 2026, down 6% from a year earlier and down 12% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 0.66.