Amentum (AMTM)


Market Price (8/1/2026): $22.2 | Market Cap: $5.4 BilSector: Industrials | Industry: Diversified Support Services

Amentum (AMTM)


Market Price (8/1/2026): $22.2
Market Cap: $5.4 Bil
Sector: Industrials
Industry: Diversified Support Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%

Attractive yield
FCF Yield is 8.1%

Low stock price volatility
Vol 12M is 45%

Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space, Sustainable Infrastructure, and Datacenter Power. Themes include Commercial Space Exploration, Show more.

Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -95%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 65%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.4%

Key risks
AMTM key risks include [1] its high leverage profile, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
1 Attractive yield
FCF Yield is 8.1%
2 Low stock price volatility
Vol 12M is 45%
3 Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space, Sustainable Infrastructure, and Datacenter Power. Themes include Commercial Space Exploration, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -68%, 3Y Excs Rtn is -95%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 65%
6 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.4%
7 Key risks
AMTM key risks include [1] its high leverage profile, Show more.

AMTM in ETFs

Weight = AMTM's share of each fund

VTI0.00%
ITOT0.00%
IWB0.00%
IJR0.19%
VB0.04%
IJS0.37%
SLYV0.37%
VIOV0.34%
+14 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/31/2026

Amentum (AMTM) stock has lost about 15% since 4/30/2026 because of the following key factors:

1. Amentum's fiscal Q2 2026 earnings, reported on May 11, 2026, revealed a GAAP EPS miss and a dampened full-year outlook. While the company reported an Adjusted Diluted Earnings Per Share of $0.60, exceeding analyst estimates of $0.58 by $0.02, its GAAP earnings per share of $0.22 fell short of consensus estimates of $0.26 by 15.4%. Additionally, Amentum's fiscal year 2026 (ending October 3, 2026) Adjusted EBITDA guidance, at a midpoint of $1.12 billion, was slightly below analyst expectations of $1.13 billion. Following this report, Amentum's stock declined 2.4% the day after the announcement and drifted approximately 14.9% lower over the subsequent 68 days.

2. Multiple analyst downgrades and price target reductions contributed to negative sentiment. Following the fiscal Q2 2026 earnings release, several financial institutions revised their outlooks for Amentum. Royal Bank of Canada reduced its price target from $35.00 to $28.00, while BNP Paribas Exane initiated coverage with an "underperform" rating and a $22.00 price objective. Furthermore, Bank of America lowered its price target from $35.00 to $30.00 and maintained a "neutral" rating. These revised analyst expectations likely exerted downward pressure on the stock during the specified period.

Show more
Updated on 7/31/2026

Amentum (AMTM) stock has lost about 15% since 4/30/2026 because of the following key factors:

1. Amentum's fiscal Q2 2026 earnings, reported on May 11, 2026, revealed a GAAP EPS miss and a dampened full-year outlook. While the company reported an Adjusted Diluted Earnings Per Share of $0.60, exceeding analyst estimates of $0.58 by $0.02, its GAAP earnings per share of $0.22 fell short of consensus estimates of $0.26 by 15.4%. Additionally, Amentum's fiscal year 2026 (ending October 3, 2026) Adjusted EBITDA guidance, at a midpoint of $1.12 billion, was slightly below analyst expectations of $1.13 billion. Following this report, Amentum's stock declined 2.4% the day after the announcement and drifted approximately 14.9% lower over the subsequent 68 days.

2. Multiple analyst downgrades and price target reductions contributed to negative sentiment. Following the fiscal Q2 2026 earnings release, several financial institutions revised their outlooks for Amentum. Royal Bank of Canada reduced its price target from $35.00 to $28.00, while BNP Paribas Exane initiated coverage with an "underperform" rating and a $22.00 price objective. Furthermore, Bank of America lowered its price target from $35.00 to $30.00 and maintained a "neutral" rating. These revised analyst expectations likely exerted downward pressure on the stock during the specified period.

3. Flat revenue growth in fiscal Q2 2026 raised concerns about the company's top-line expansion. Amentum reported revenues of $3.48 billion for fiscal Q2 2026, which met analyst estimates but showed no year-over-year growth. This flat performance aligns with the company's annualized revenue growth of 1.7% over the preceding two years, indicating a consistent lack of significant sales expansion. Such stagnant revenue figures can deter investors seeking companies with robust growth trajectories.

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Stock Movement Drivers

Fundamental Drivers

The -15.4% change in AMTM stock from 4/30/2026 to 7/31/2026 was primarily driven by a -44.0% change in the company's P/E Multiple.
(LTM values as of)43020267312026Change
Stock Price ($)26.2322.20-15.4%
Change Contribution By: 
Total Revenues ($ Mil)14,21414,201-0.1%
Net Income Margin (%)0.7%1.0%51.2%
P/E Multiple65.336.6-44.0%
Shares Outstanding (Mil)2442440.0%
Cumulative Contribution-15.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 7/31/2026
ReturnCorrelation
AMTM-15.4% 
Market (SPY)3.9%27.1%
Sector (XLI)3.0%30.4%

Fundamental Drivers

The -38.0% change in AMTM stock from 1/31/2026 to 7/31/2026 was primarily driven by a -72.2% change in the company's P/E Multiple.
(LTM values as of)13120267312026Change
Stock Price ($)35.7822.20-38.0%
Change Contribution By: 
Total Revenues ($ Mil)14,39314,201-1.3%
Net Income Margin (%)0.5%1.0%127.3%
P/E Multiple131.736.6-72.2%
Shares Outstanding (Mil)243244-0.4%
Cumulative Contribution-38.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 7/31/2026
ReturnCorrelation
AMTM-38.0% 
Market (SPY)8.3%30.2%
Sector (XLI)9.0%33.6%

Fundamental Drivers

The -11.1% change in AMTM stock from 7/31/2025 to 7/31/2026 was primarily driven by a -90.3% change in the company's P/E Multiple.
(LTM values as of)73120257312026Change
Stock Price ($)24.9722.20-11.1%
Change Contribution By: 
Total Revenues ($ Mil)11,26114,20126.1%
Net Income Margin (%)0.1%1.0%633.5%
P/E Multiple379.236.6-90.3%
Shares Outstanding (Mil)243244-0.4%
Cumulative Contribution-11.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 7/31/2026
ReturnCorrelation
AMTM-11.1% 
Market (SPY)19.2%31.6%
Sector (XLI)19.5%36.9%

Fundamental Drivers

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Market Drivers

7/31/2023 to 7/31/2026
ReturnCorrelation
AMTM  
Market (SPY)68.9%38.9%
Sector (XLI)69.6%41.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AMTM Return----35%38%-25%-33%
Peers Return-5%26%17%20%-3%-16%37%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
AMTM Win Rate---0%42%43% 
Peers Win Rate53%60%62%68%55%43% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
AMTM Max Drawdown-----30%-46% 
Peers Max Drawdown-23%-18%-16%-27%-33%-39% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LDOS, BAH, CACI, SAIC, PSN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/31/2026 (YTD)

How Low Can It Go

EventAMTMS&P 500
2025 US Tariff Shock
  % Loss-22.6%-18.8%
  % Gain to Breakeven29.2%23.1%
  Time to Breakeven16 days79 days

Compare to LDOS, BAH, CACI, SAIC, PSN

In The Past

Amentum's stock fell -22.6% during the 2025 US Tariff Shock. Such a loss loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAMTMS&P 500
2025 US Tariff Shock
  % Loss-22.6%-18.8%
  % Gain to Breakeven29.2%23.1%
  Time to Breakeven16 days79 days

Compare to LDOS, BAH, CACI, SAIC, PSN

In The Past

Amentum's stock fell -22.6% during the 2025 US Tariff Shock. Such a loss loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Amentum (AMTM)

Amentum (AMTM) is a global leader specializing in advanced engineering and innovative technology solutions. The company's core mission is to address highly complex and significant challenges for the United States government and its allies. These critical areas of focus include science, national security, and sustainability, where Amentum applies its expertise to drive progress and solve demanding technical and operational problems.

With a substantial global footprint, Amentum serves governmental clients and markets by delivering specialized services across all seven continents, leveraging a workforce of over 53,000 employees in approximately 80 countries. Their main products and services encompass a broad range of advanced engineering, technology integration, and operational support, vital for high-stakes projects in defense, intelligence, scientific research, and environmental management sectors worldwide.

AI Analysis | Feedback

Here are a few analogies to describe Amentum (AMTM):

  • Booz Allen Hamilton for advanced engineering and global government challenges.
  • Leidos for global, complex engineering and national security solutions.

AI Analysis | Feedback

  • Science Solutions: Providing advanced engineering and innovative technology solutions to address complex challenges in scientific research, development, and operational support.
  • Security Solutions: Delivering advanced engineering and innovative technology solutions for national security, defense, and intelligence challenges for governmental clients.
  • Sustainability Solutions: Offering advanced engineering and innovative technology solutions to tackle environmental issues, energy management, and infrastructure resilience.

AI Analysis | Feedback

Amentum (AMTM) primarily serves governmental entities rather than other public companies or individuals. Its major customers include:

  • United States Department of Defense (DoD): This encompasses various branches and agencies, including the Army, Navy, Air Force, Marine Corps, and other defense-related organizations.
  • United States Department of Energy (DoE): Amentum holds significant contracts for managing national laboratories and nuclear facilities under the DoE.
  • United States National Aeronautics and Space Administration (NASA): Providing support for space exploration and related programs.
  • United States Department of State: Offering support for diplomatic and foreign policy initiatives.
  • United States Department of Homeland Security (DHS): Contributing to national security and emergency preparedness efforts.
  • Allied Governments: Amentum also provides its services and solutions to various international governments that are allies of the United States.

These customers are governmental agencies and do not have public company symbols.

AI Analysis | Feedback

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John Heller, Chief Executive Officer

John Heller was appointed CEO of Amentum in March 2022, having previously served as CEO of the legacy Amentum company since 2022 where he led the integration of two multi-billion-dollar acquisitions. Prior to Amentum, he was the Chief Executive Officer and President of PAE, which he guided to become a publicly traded company. He also served as Chief Executive Officer of Netco, Inc., a Cerberus Capital Management (private equity) portfolio company, overseeing its sale to Harris Corp. His first CEO position was at Rentport, Inc., a company backed by Catterton Partners (now L Catterton), a private equity firm. Heller's career also includes roles as Senior Vice President and Chief Operating Officer of Engility Corporation and leadership positions at Harris Corporation.

Travis Johnson, Chief Financial Officer

Travis Johnson was appointed Chief Financial Officer of Amentum in July 2023. In this role, he is responsible for all financial activities, including accounting, finance strategy, business operations, planning and analysis, treasury, and investor relations. Before joining Amentum, Johnson served as Senior Vice President, Corporate Controller, and Chief Accounting Officer at CACI. He also held the Chief Accounting Officer position at FLIR Systems and KeyW Corporation, where he led transformation efforts that resulted in the sale of both companies. His experience also includes various finance leadership roles at Leidos and a start to his career in public accounting at RSM.

Dr. Stephen (Steve) Arnette, Chief Operating Officer

Dr. Stephen Arnette serves as the Chief Operating Officer for Amentum, a role he assumed effective September 27, 2024. He is responsible for leading business operations and supporting strategic growth initiatives for the company. Prior to the Amentum-Jacobs Critical Mission Solutions business merger in 2024, Arnette was Jacobs' Executive Vice President and President of the Critical Mission Solutions (CMS) line of business. He has over 29 years of experience at Jacobs, holding various senior leadership positions across multiple sectors and operations, including leading the AERO business unit and serving as General Manager of Jacobs' Technology Group.

Sean Mullen, Chief Growth Officer

Sean Mullen serves as the Chief Growth Officer at Amentum, responsible for leading the company's business development and growth strategy. He joined Amentum in 2022 as Executive Vice President of Business Development and was appointed to his current role following the September 27, 2024 transaction. With a career spanning over 30 years, Mullen has held growth leadership roles at companies such as Perspecta, HP Enterprise Services, and Northrop Grumman, and began his career as a civilian employee with the U.S. Air Force.

Michele St. Mary, Chief Legal Officer and General Counsel

Michele St. Mary was appointed Chief Legal Officer and General Counsel for Amentum, effective February 17, 2025. In this role, she oversees Amentum's legal, ethics, compliance, contracts, and security functions globally. St. Mary brings over 25 years of experience in the government contracting industry. Before joining Amentum, she spent 19 years at L3Harris Technologies, most recently as Vice President, Deputy General Counsel, and Assistant Secretary, where she provided legal oversight for mergers and acquisitions and strategic integrations. Her prior experience also includes roles as Senior Counsel for Sun Microsystems, Inc. and an associate at Crowell & Moring LLP.

AI Analysis | Feedback

Amentum (AMTM) faces several key risks to its business operations and financial performance.
  1. Reliance on U.S. Government Contracts and Spending Volatility: Amentum is highly dependent on contracts with the U.S. government and its allies. This reliance exposes the company to risks associated with shifts in governmental budgetary priorities, potential funding delays, administrative hurdles, and government shutdowns, all of which can negatively impact revenue generation and growth.
  2. Contract Execution and Performance: The company faces risks related to its ability to effectively manage project costs, adhere to performance requirements, and meet contractual schedules. Additionally, the timing of significant project ramp-ups and the ability to secure new contracts are crucial. Amentum has also experienced the loss of legacy contracts, which can create near-term revenue challenges.
  3. Execution of Deleveraging Plan and Financial Flexibility: Amentum's strategy to reduce its debt is contingent upon consistent EBITDA growth and prudent capital allocation. The company also faces potential near-term cash flow pressures, which could affect its financial flexibility and deleveraging efforts.

AI Analysis | Feedback

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AI Analysis | Feedback

Amentum (AMTM) operates within several significant addressable markets, primarily focused on government and commercial services in advanced engineering, technology solutions, nuclear and environmental remediation, and defense.

Here are the addressable market sizes for Amentum's main products and services:

  • Engineering Services (Advanced Engineering and Innovative Technology Solutions):
    • The global engineering services market was valued at approximately USD 2.34 trillion in 2025 and is projected to grow to USD 5.37 trillion by 2034, with a compound annual growth rate (CAGR) of 10.60% from 2026 to 2034. Other estimates place the global market size at USD 3.66 trillion in 2025, expected to reach around USD 5.74 trillion by 2035.
    • For North America, the engineering services market is expected to reach approximately USD 1.36 trillion by 2035, growing from USD 0.86 trillion in 2025. The U.S. market specifically is estimated at USD 0.45 trillion in 2026.
  • Nuclear Services and Solutions:
    • The global nuclear plant services market was over USD 74.38 billion in 2025 and is poised to exceed USD 122.32 billion by 2035.
    • The global nuclear engineering service market is valued at USD 33.208 billion in 2025 and is projected to reach USD 64.115 billion by 2035, growing at a CAGR of 6.8%.
  • Environmental Remediation and Solutions:
    • The global environmental remediation market is projected to reach USD 210.56 billion in 2030 from USD 141.87 billion in 2025, growing at a CAGR of 8.2% during the forecast period.
    • The U.S. environmental remediation market is expected to grow from USD 23.37 billion in 2025 to an estimated USD 38.53 billion by 2033, with a CAGR of 6.45%.
    • The global environmental technology market is estimated to be valued at USD 714.74 billion in 2025 and is expected to reach USD 1,054.29 billion by 2032.
  • Defense and Government Services:
    • The global defense market reached approximately USD 473.47 billion in 2024 and is expected to grow to USD 682.10 billion in 2029. Another report estimates the global defense market at USD 566.137 billion in 2025, increasing to USD 874.003 billion by 2032.
    • Global defense spending is expected to grow from USD 2.7 trillion in 2024 to USD 6.38 trillion by 2035.
    • North America is estimated to hold a substantial share of the defense spending market, with the U.S. alone spending USD 997 billion in 2024.
    • The mission systems segment, which includes areas like C5ISR systems engineering where Amentum operates, accounted for 37.71% or USD 178.55 billion of the total global defense market in 2024.

AI Analysis | Feedback

Amentum (AMTM) is strategically positioned to capitalize on several key drivers for future revenue growth over the next two to three years:

  • Expansion in the Global Nuclear Energy Market: Amentum anticipates increased revenue contributions from recently secured nuclear contracts, particularly in Europe and emerging U.S. projects. The company highlights strong secular demand drivers in the global nuclear market, including growing energy requirements for AI data centers, industrial applications, and national security priorities, projecting an 8% compound annual growth rate (CAGR) for this market between fiscal year 2026 and 2030. Amentum has secured significant nuclear energy contracts, such as a 10-year contract with EDF Nuclear Power and a partnership with Rolls-Royce on small modular reactors.
  • Growth in Space Systems and Technologies: Amentum is actively expanding its portfolio in space systems, which is identified as an "accelerating growth market." This includes winning contracts for satellite integration, missile defense, and providing support for U.S. and allied national security programs. Notable wins include a $4 billion United States Space Force single-award IDIQ contract over ten years.
  • Development of Critical Digital Infrastructure and AI-Driven Opportunities: The company views critical digital infrastructure as another "accelerating growth market." Its Digital Solutions segment has shown strong growth, driven by new contract awards in this area, including the commercial digital infrastructure market. Amentum expects to benefit from substantial investments in AI data centers, which are accelerating opportunities within this sector.
  • Conversion of Robust Backlog into Revenue: Amentum maintains a substantial backlog, reported at over $47 billion, which provides significant visibility for future revenue. The company has consistently achieved a book-to-bill ratio at or above 1x for multiple consecutive quarters, indicating a healthy pipeline of new business awards. The conversion of these large contract wins, particularly in nuclear and space-related areas, into recognized revenue is a critical driver for top-line growth.

AI Analysis | Feedback

Share Issuance

  • Amentum Holdings, Inc. had 243,302,173 shares issued and outstanding as of September 27, 2024.
  • As of November 14, 2025, there were 243,597,992 shares of Amentum Holdings, Inc. common stock outstanding.
  • A secondary public offering of 19,464,174 shares was priced on March 12, 2025; Amentum itself did not sell any shares or receive proceeds from this offering.

Outbound Investments

  • During Q3 FY25, Amentum utilized $360 million in gross proceeds from the divestiture of its Rapid Solutions business to pay down debt.
  • Net contributions to equity method investments totaled $27 million in Q1 FY2026.

Capital Expenditures

  • Capital expenditures were $11 million in 2023, $12 million in 2024, and $18 million in 2025.
  • For Q1 FY2026 (ended January 2, 2026), capital expenditures amounted to $6 million.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AMTMLDOSBAHCACISAICPSNMedian
NameAmentum Leidos Booz All.CACI Int.Science .Parsons  
Mkt Price22.20115.6069.72497.75117.1344.2192.66
Mkt Cap5.414.68.411.05.14.76.9
Rev LTM14,20117,32911,0939,1637,2916,29310,128
Op Inc LTM4492,1111,055854579334717
FCF LTM4391,8591,116577603308590
FCF 3Y Avg1921,433799498482426490
CFO LTM4651,9931,203664636384650
CFO 3Y Avg2121,590887568515483541

Growth & Margins

AMTMLDOSBAHCACISAICPSNMedian
NameAmentum Leidos Booz All.CACI Int.Science .Parsons  
Rev Chg LTM26.1%2.3%-7.3%9.6%-2.9%-5.8%-0.3%
Rev Chg 3Y Avg-5.9%5.1%11.3%-1.9%10.6%5.9%
Rev Chg Q-0.4%3.7%-4.2%8.5%1.5%-0.5%0.6%
QoQ Delta Rev Chg LTM-0.1%0.9%-1.1%2.0%0.4%-0.1%0.2%
Op Inc Chg LTM55.4%9.4%-23.1%13.1%4.7%-21.5%7.0%
Op Inc Chg 3Y Avg-24.0%42.6%16.8%3.4%17.8%17.8%
Op Mgn LTM3.2%12.2%9.5%9.3%7.9%5.3%8.6%
Op Mgn 3Y Avg2.6%10.9%10.1%8.9%7.3%6.3%8.1%
QoQ Delta Op Mgn LTM0.2%-0.0%0.3%0.2%0.8%-1.0%0.2%
CFO/Rev LTM3.3%11.5%10.8%7.3%8.7%6.1%8.0%
CFO/Rev 3Y Avg1.5%9.5%7.8%6.8%7.0%7.6%7.3%
FCF/Rev LTM3.1%10.7%10.1%6.3%8.3%4.9%7.3%
FCF/Rev 3Y Avg1.3%8.6%7.0%6.0%6.6%6.7%6.6%

Valuation

AMTMLDOSBAHCACISAICPSNMedian
NameAmentum Leidos Booz All.CACI Int.Science .Parsons  
Mkt Cap5.414.68.411.05.14.76.9
P/S0.40.80.81.20.70.80.8
P/Op Inc12.16.97.912.98.814.210.5
P/EBIT10.57.07.512.98.914.19.7
P/E36.610.310.820.512.630.016.6
P/CFO11.67.37.016.58.012.39.8
Total Yield2.7%11.2%12.6%4.9%9.2%3.3%7.1%
Dividend Yield0.0%1.5%3.3%0.0%1.3%0.0%0.7%
FCF Yield 3Y Avg-8.8%8.1%4.9%9.1%5.8%8.1%
D/E0.70.50.50.50.50.30.5
Net D/E0.60.40.40.50.50.30.5

Returns

AMTMLDOSBAHCACISAICPSNMedian
NameAmentum Leidos Booz All.CACI Int.Science .Parsons  
1M Rtn9.9%12.2%16.2%6.6%11.4%-16.8%10.7%
3M Rtn-13.5%-22.3%-10.3%-3.0%22.5%-13.1%-11.7%
6M Rtn-38.0%-38.2%-19.9%-19.8%15.9%-36.9%-28.4%
12M Rtn-11.1%-26.8%-33.3%8.1%6.6%-40.4%-19.0%
3Y Rtn-31.2%19.6%-40.1%40.5%-0.5%-10.7%-5.6%
1M Excs Rtn9.8%12.1%16.1%6.5%11.3%-16.9%10.6%
3M Excs Rtn-19.3%-26.2%-13.6%-8.1%17.5%-16.2%-14.9%
6M Excs Rtn-47.7%-45.3%-27.7%-27.6%8.5%-45.1%-36.4%
12M Excs Rtn-26.5%-45.2%-51.1%-11.5%-11.9%-58.8%-35.8%
3Y Excs Rtn-95.2%-36.3%-100.6%-23.0%-61.6%-71.8%-66.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Global Engineering Solutions (GES)8,8506,407   
Digital Solutions (DS)5,5431,981   
Single segment  7,865  
Affiliate revenue   712
Critical Mission Solutions   4,3924,264
Cyber & Intelligence   784816
Total14,3938,3887,8655,1835,092


Operating Income by Segment
$ Mil20252024202320222021
Global Engineering Solutions (GES)667459   
Digital Solutions (DS)437159   
Utilization of fair market value adjustments85   
Non-controlling interests-7-1   
Stock-based compensation-21-18   
Depreciation expense-40-23   
Acquisition, transaction and integration costs-85-62   
Amortization of intangibles-479-228   
Critical Mission Solutions  384356360
Cyber & Intelligence  614979
Other Expenses  -117-118-104
Total480291328287335


Price Behavior

Price Behavior
Market Price$22.20 
Market Cap ($ Bil)5.4 
First Trading Date09/30/2024 
Distance from 52W High-40.8% 
   50 Days200 Days
DMA Price$21.89$26.49
DMA Trenddowndown
Distance from DMA1.4%-16.2%
 3M1YR
Volatility39.2%45.2%
Downside Capture124.87158.44
Upside Capture40.44112.95
Correlation (SPY)25.9%31.1%
AMTM Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.540.960.780.881.10-0.04
Up Beta-0.65-0.55-0.110.530.59-0.24
Down Beta3.301.271.490.430.92-0.05
Up Capture229%122%28%42%120%70%
Bmk +ve Days11223567138427
Stock +ve Days13202958121216
Down Capture110%135%122%159%131%105%
Bmk -ve Days11212859114326
Stock -ve Days9233468129238

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMTM
AMTM-8.8%45.1%-0.08-
Sector ETF (XLI)19.6%16.9%0.8936.8%
Equity (SPY)18.8%12.9%1.0731.3%
Gold (GLD)23.6%28.1%0.7418.0%
Commodities (DBC)30.2%19.7%1.22-0.0%
Real Estate (VNQ)13.7%13.9%0.6914.0%
Bitcoin (BTCUSD)-44.8%42.9%-1.2621.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMTM
AMTM-7.1%54.0%-0.19-
Sector ETF (XLI)13.3%17.6%0.5941.8%
Equity (SPY)12.6%17.1%0.5638.9%
Gold (GLD)17.1%18.5%0.7511.3%
Commodities (DBC)9.0%19.5%0.353.8%
Real Estate (VNQ)2.5%18.9%0.0326.6%
Bitcoin (BTCUSD)14.2%53.3%0.4519.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMTM
AMTM-3.6%54.0%-0.19-
Sector ETF (XLI)13.9%20.0%0.6141.8%
Equity (SPY)15.0%17.9%0.7138.9%
Gold (GLD)11.3%16.1%0.5711.3%
Commodities (DBC)7.3%18.0%0.323.8%
Real Estate (VNQ)4.9%20.7%0.2026.6%
Bitcoin (BTCUSD)58.2%66.2%0.9819.8%

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Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity13.5 Mil
Short Interest: % Change Since 6302026-2.1%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest7.0 days
Basic Shares Quantity244.0 Mil
Short % of Basic Shares5.5%

Earnings Returns History

Updated 6/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/11/20261.5%-2.7%-8.1%
2/9/2026-12.4%-17.9%-23.5%
11/24/202518.2%12.6%15.1%
8/5/20251.7%1.3%-4.5%
5/6/2025-4.5%-4.3%-1.3%
2/4/202510.6%1.1%-10.6%
SUMMARY STATS   
# Positive431
# Negative235
Median Positive6.2%1.3%15.1%
Median Negative-8.5%-4.3%-8.1%
Max Positive18.2%12.6%15.1%
Max Negative-12.4%-17.9%-23.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/11/20261.5%-2.7%-8.1%
2/9/2026-12.4%-17.9%-23.5%
11/24/202518.2%12.6%15.1%
8/5/20251.7%1.3%-4.5%
5/6/2025-4.5%-4.3%-1.3%
2/4/202510.6%1.1%-10.6%
SUMMARY STATS   
# Positive431
# Negative235
Median Positive6.2%1.3%15.1%
Median Negative-8.5%-4.3%-8.1%
Max Positive18.2%12.6%15.1%
Max Negative-12.4%-17.9%-23.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202502/10/202610-Q
09/30/202511/25/202510-K
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/05/202510-Q
09/30/202412/17/202410-K
06/30/202409/09/202410-12B/A
03/31/202407/15/202410-12B
12/31/202305/10/2024DRS/A
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202502/10/202610-Q
09/30/202511/25/202510-K
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/05/202510-Q
09/30/202412/17/202410-K
06/30/202409/09/202410-12B/A
03/31/202407/15/202410-12B
12/31/202305/10/2024DRS/A

Recent Forward Guidance

Updated 7/27/2026

Latest: Q2 2026 Earnings Reported 5/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue13.95 Bil14.12 Bil14.30 Bil0 AffirmedGuidance: 14.12 Bil for 2026
2026 Adjusted EBITDA1.10 Bil1.12 Bil1.14 Bil0 AffirmedGuidance: 1.12 Bil for 2026
2026 Adjusted Diluted EPS2.252.352.450 AffirmedGuidance: 2.35 for 2026
2026 Free Cash Flow525.00 Mil550.00 Mil575.00 Mil0 AffirmedGuidance: 550.00 Mil for 2026

Prior: Q1 2026 Earnings Reported 2/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue13.95 Bil14.12 Bil14.30 Bil0 AffirmedGuidance: 14.12 Bil for 2026
2026 Adjusted EBITDA1.10 Bil1.12 Bil1.14 Bil0 AffirmedGuidance: 1.12 Bil for 2026
2026 Adjusted Diluted EPS2.252.352.450 AffirmedGuidance: 2.35 for 2026
2026 Free Cash Flow525.00 Mil550.00 Mil575.00 Mil0 AffirmedGuidance: 550.00 Mil for 2026

Q4 2025 Earnings Reported 11/24/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue13.95 Bil14.12 Bil14.30 Bil0.4% Higher NewGuidance: 14.07 Bil for 2025
2026 Adjusted EBITDA1.10 Bil1.12 Bil1.14 Bil3.7% Higher NewGuidance: 1.08 Bil for 2025
2026 Adjusted Diluted EPS2.252.352.4510.6% Higher NewGuidance: 2.12 for 2025
2026 Free Cash Flow525.00 Mil550.00 Mil575.00 Mil10.0% Higher NewGuidance: 500.00 Mil for 2025

Investor Activity (13F)

Updated Aug 1, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Arvin Capital Management LP$54.0 Mil12.6%23ADD +26.6%13F
Brightline Capital Management, LLC$36.4 Mil10.8%9Hold13F
Permian Investment Partners, LP$40.9 Mil4.5%13New13F
Troluce Capital Advisors LLC$26.1 Mil2.8%46New13F
Rovida Investment Management Ltd$8.2 Mil1.0%17New13F
Ruane, Cunniff & Goldfarb L.P.$42.3 Mil0.7%50TRIM -32.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Permian Investment Partners, LP$40.9 Mil4.5%13New13F
Troluce Capital Advisors LLC$26.1 Mil2.8%46New13F
Rovida Investment Management Ltd$8.2 Mil1.0%17New13F
Arvin Capital Management LP$54.0 Mil12.6%23ADD +26.6%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Ruane, Cunniff & Goldfarb L.P.$42.3 Mil0.7%50TRIM -32.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Arvin Capital Management LP$54.0 Mil12.6%23ADD +26.6%13F
Ruane, Cunniff & Goldfarb L.P.$42.3 Mil0.7%50TRIM -32.2%13F
Permian Investment Partners, LP$40.9 Mil4.5%13New13F
Brightline Capital Management, LLC$36.4 Mil10.8%9Hold13F
Troluce Capital Advisors LLC$26.1 Mil2.8%46New13F
Rovida Investment Management Ltd$8.2 Mil1.0%17New13F
Core Cache Last Updated: 7/31/2026