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AMTM Stock Risk & Deep Value Analysis

Amentum Holdings Inc

Industrials • Specialty Business Services

DVR Score

3.0

out of 10

Risk Trap

What You Need to Know About AMTM Stock

We analyzed Amentum Holdings Inc using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran AMTM through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Moderate. Here's what we found.

Updated Apr 2, 2026Run Fresh Analysis →

AMTM Risk Analysis & Red Flags

What Could Go Wrong

Despite strategic contract wins, Amentum operates in a low-margin industry, and a significant economic downturn or shift in government spending priorities could severely impact their core revenue streams, making it difficult to service debt and fund growth initiatives. The high TTM P/E also implies little room for operational missteps without a corresponding valuation re-rating.

Risk Matrix

Overall

Moderate

Financial

Medium

Market

Low

Competitive

Medium

Execution

Medium

Regulatory

Low

Red Flags

  • Q1 FY2026 revenue missed estimates ($3.24B vs. $3.32B) and was down 5.2% YoY.

  • Low net margin of 0.69% in Q1 FY2026.

  • High TTM P/E of 63-76.63 for a low-margin business.

  • Vanguard's 13G/A filing (March 26, 2026) reporting 0% ownership post-realignment could signal an institutional exit.

Upcoming Risk Events

  • 📅

    Q2 FY2026 earnings miss or downward revision of FY2026 guidance

  • 📅

    Significant government budget cuts impacting defense/infrastructure spending

When to Reconsider

  • 🚪

    Consistent revenue declines for two or more consecutive quarters.

  • 🚪

    Net margin falling below 0.5% consistently.

  • 🚪

    Debt-to-equity ratio exceeding 2.0 without corresponding asset growth or deleveraging plan.

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What Does Amentum Holdings Inc (AMTM) Do?

Market Cap

$6.14B

Sector

Industrials

Industry

Specialty Business Services

Employees

50,000

Amentum Holdings, Inc. engages in the provision of engineering and technology solutions in the United States and internationally. It operates through two segments, Digital Solutions and Global Engineering Solutions. The company offers digital and data-driven solutions, including intelligence analytics, space system development, cybersecurity, and IT to the federal government and commercial clients. It also provides large-scale environmental remediation, nuclear power solutions, platform engineering, sustainment, and supply chain management for the U.S. government and allied nations. The company was incorporated in 2023 and is headquartered in Chantilly, Virginia.

Visit Amentum Holdings Inc Website

Investment Thesis

Amentum, a stable government services provider, is strategically positioning itself in high-value, long-term growth sectors like nuclear (SMRs) and digital infrastructure, evidenced by its recent $406M UK SMR contract. Despite low overall margins and a recent revenue miss, the company's EPS beat and reaffirmed guidance, coupled with strong government relationships and specialized expertise, suggest predictable, if not explosive, growth in critical infrastructure markets, offering a steady, albeit low 10x potential, investment.

Is AMTM Stock Undervalued?

Amentum Holdings remains a robust government services provider, but recent developments offer a slightly improved outlook for specialized growth. The significant $406M UK SMR program contract win (April 1, 2026) is a material positive, validating their strategic push into higher-value, long-term nuclear infrastructure. This bolsters their competitive moat and aligns with a compelling growth niche, mitigating some previous concerns about a lack of disruptive innovation. While Q1 FY2026 revenue missed estimates and net margins remain low, EPS beat expectations, and FY2026 guidance was reaffirmed above consensus, indicating operational resilience. Despite a high TTM P/E, the PEG ratio of 0.92 suggests reasonable valuation relative to its projected growth. However, achieving 10x growth for a $6.42B company in this mature sector, even with strategic wins, remains a formidable challenge, hence the modest score improvement from 22/100 to 30/100.

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AMTM Price Targets & Strategy

12-Month Target

$37.60

Bull Case

$49.00

Bear Case

$27.00

Valuation Basis

16x forward P/E on company's reaffirmed mid-point FY26 EPS of $2.35.

Entry Strategy

Consider initiating a position or dollar-cost averaging at current levels (~$26.34) or on dips towards the lower end of the analyst price target range ($30.00).

Exit Strategy

Consider taking profits as the stock approaches $40-$42 (Truist target). Implement a stop-loss order below recent support at $25.00-$26.00.

Portfolio Allocation

3-7% for moderate risk tolerance

Price Targets & Strategy

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Is AMTM Financially Healthy?

Valuation

P/E Ratio

62.97

Forward P/E

10.79

EV/EBITDA

10.73

PEG Ratio

0.76

Profitability

Gross Margin

10.75%

Operating Margin

3.49%

Net Margin

0.46%

Return on Equity

1.29%

Revenue Growth

-5.20%

EPS

$0.27

Balance Sheet

Current Ratio

1.32

Quick Ratio

1.24

Debt/Equity

0.90

Cash Flow

EBITDA

$1.02B

Other

Beta (Volatility)

0.25

Does AMTM Have a Competitive Moat?

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Moat Rating

🛡️ Narrow

Moat Trend

Stable to Expanding

Moat Sources

3 Identified

Intangible Assets/IPSwitching CostsEfficient Scale

Amentum's moat is durable due to the high barriers to entry in critical government and nuclear infrastructure projects. Their specialized expertise, long-term relationships, and regulatory compliance create significant switching costs and scale advantages for clients, ensuring persistent revenue streams for 10-20 years.

Moat Erosion Risks

  • Government budget cuts or shifts in strategic spending priorities impacting core contracts.
  • Intense competition from other large, established government and defense contractors.
  • Challenges in attracting and retaining highly specialized technical talent.

AMTM Competitive Moat Analysis

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AMTM Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Neutral. No specific data indicating significant retail interest.

Institutional Sentiment

Neutral/Mixed. Analyst consensus is 'Hold', but the median price target implies upside. Truist reiterated 'Buy'. Vanguard's 0% ownership post-realignment is a potential negative signal.

Insider Activity (Form 4)

No specific Form 4 filings reported for buys/sells by individuals (including CEO/CFO) in last 90 days.

Options Flow

Normal options activity. No specific unusual activity reported.

Earnings Intelligence

Next Earnings

Estimated early-May 2026

Surprise Probability

Medium

Historical Earnings Pattern

Insufficient data to establish a consistent historical reaction pattern. Q1 FY2026 saw an EPS beat but revenue miss.

Key Metrics to Watch

Revenue growth (particularly normalized and organic)Net margin improvement and operating cash flowUpdates on contract backlog and new awardsReaffirmation or adjustment of FY2026 guidance

Competitive Position

Top Competitor

J (Jacobs Solutions)

Market Share Trend

Stable, with potential for gaining share in specialized, high-value segments (e.g., nuclear, digital infrastructure) through strategic contract wins.

Valuation vs Peers

Trading at a high TTM P/E (~63-76) compared to some peers in the government services sector like Jacobs Solutions (which typically trade lower P/E for higher margins). However, a PEG of 0.92 suggests reasonable valuation for its reported growth rate.

Competitive Advantages

  • Deep, long-standing relationships with government entities
  • Specialized technical expertise (e.g., nuclear, complex defense systems)
  • Ability to manage large-scale, complex, long-duration contracts

Market Intelligence

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What Could Drive AMTM Stock Higher?

Near-Term (0-6 months)

  • Q2 FY2026 Earnings (Estimated early-May 2026)
  • Continued positive commentary on UK SMR project execution

Medium-Term (6-18 months)

  • New contract awards in nuclear, space, or digital infrastructure segments
  • Progress updates on UK SMR program milestones

Long-Term (18+ months)

  • Expanded role in global Small Modular Reactor (SMR) development
  • Leveraging specialized expertise in defense/government modernization programs

Catalysts & Growth Drivers

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What's the Bull Case for AMTM?

  • Acceleration in organic revenue growth and expanding contract backlog in high-value segments.

  • Consistent improvement in net operating margins.

  • Successful execution and expansion of projects like the UK SMR program.

Bull Case Analysis

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Competing with AMTM

See how Amentum Holdings Inc compares to related companies

CompanyMarket CapDVR ScoreP/ERevenueProfit MarginRev Growth

Amentum Holdings Inc

AMTM

$6.1B3.063.0$14.4B0.5%-5.2%

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0.5Compare →

URA

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7.22.3$612.5M0.0%0.0%Compare →

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FAQ

What is the DVR Score for Amentum Holdings Inc (AMTM)?

As of April 2, 2026, Amentum Holdings Inc has a DVR Score of 3.0 out of 10, placing it in the "Risk Trap" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Amentum Holdings Inc?

Amentum Holdings Inc's market capitalization is approximately $6.1B. The company operates in the Industrials sector within the Specialty Business Services industry.

What ticker symbol does Amentum Holdings Inc use?

AMTM is the ticker symbol for Amentum Holdings Inc. The company trades on the NYQ.

What is the risk level for AMTM stock?

Our analysis rates Amentum Holdings Inc's overall risk as Moderate. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

What is the P/E ratio of AMTM?

Amentum Holdings Inc currently has a price-to-earnings (P/E) ratio of 63.0. This is above the market average, suggesting the stock may be priced for high growth expectations.

Is Amentum Holdings Inc's revenue growing?

Amentum Holdings Inc has reported revenue growth of -5.2%. Revenue has been declining, which warrants closer examination.

Is AMTM stock profitable?

Amentum Holdings Inc has a profit margin of 0.5%. The company is profitable but margins are modest.

How often is the AMTM DVR analysis updated?

Our AI-powered analysis of Amentum Holdings Inc is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on April 2, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for AMTM (Amentum Holdings Inc) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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