Is the business good?
How good a business is AMTM?
Amentum Holdings, Inc. earns 5.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.1%
Return on invested capital · cost of capital 9.0% · 3.9 points below what the capital costs: growth destroys value
- Operating margin
- 3.7%
Operating margin · Specialty Business Services median 10% · 12 months to Q2 2026
- Cash conversion
- 2.97×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.82%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2022 | 1.6% |
| FY2023 | 0.72% |
| FY2024 | 3.5% |
| FY2025 | 3.3% |
Details›
- Operating margin12 months to Q2 2026
- 3.7%
- Net margin12 months to Q2 2026
- 1.0%
- Free cash flow margin
- 3.1%
- Revenue, trailing twelve months
- $14.2B
- Free cash flow, trailing twelve months
- $439M
- Net income, trailing twelve months
- $148M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Business Services
Ranks #14 of 18 by Smart Score