Amentum Holdings (AMTM) Company Report

Amentum reported FY 2025 revenues of $14.4 billion, representing 4% pro forma growth, with adjusted EBITDA of $1.1 billion, an increase of 5% year-over-year, and adjusted diluted EPS of $2.22, up 11%.
The company achieved a full-year book-to-bill ratio of 1.2 times and grew its backlog by 5% to over $47 billion in FY 2025, securing significant wins including a $4 billion US Space Force Range contract and a $1.8 billion Cellifield remediation contract.
For FY 2026, Amentum expects revenues between $13.95 billion and $14.3 billion, adjusted EBITDA of $1.1 billion to $1.14 billion, adjusted diluted EPS of $2.25 to $2.45, and free cash flow of $525 million to $575 million.
Amentum reduced its net leverage to 3.2 times by the end of FY 2025 and aims to achieve less than 3 times by the end of FY 2026.
The company is focusing on accelerating growth markets including space systems and technologies, critical digital infrastructure, and global nuclear energy, which are expected to drive future growth and margin expansion.

Nov 25, 2025, 1:30 PM

Amentum Reports Strong Fiscal Year 2025 Results and Provides Fiscal Year 2026 Outlook

AMTM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Amentum reported full-year fiscal 2025 revenues of $14.4 billion, representing 4% pro forma growth, and adjusted EBITDA of $1.1 billion, an increase of 5% year-over-year. Adjusted diluted earnings per share grew 11% to $2.22, and free cash flow reached $516 million.
The company achieved a full-year book-to-bill ratio of 1.2 times and increased its backlog by 5% to over $47 billion, including significant wins such as a $4 billion 10-year US Space Force Range contract.
For fiscal year 2026, Amentum projects revenues between $13.95 billion and $14.3 billion, adjusted EBITDA between $1.1 billion and $1.14 billion, and adjusted diluted EPS between $2.25 and $2.45. Free cash flow is expected to be between $525 million and $575 million.
Amentum is on track to deliver at least $60 million in net run rate synergies by the end of fiscal year 2026 and reduced its net leverage to 3.2 times, with a target of less than 3 times by the end of fiscal year 2026.

Nov 25, 2025, 1:30 PM

Amentum Reports Strong FY 2025 Results and Provides FY 2026 Guidance

AMTM

Earnings

Guidance Update

New Projects/Investments

Amentum reported strong fiscal year 2025 results, with revenues of $14.4 billion (4% pro forma growth), adjusted EBITDA of $1.1 billion (5% increase), and adjusted diluted EPS of $2.22 (11% increase).
The company secured $6.4 billion in Q4 bookings, contributing to a full-year book-to-bill ratio of 1.2 times and a 5% increase in backlog to over $47 billion, including a $4 billion US Space Force Range contract.
For fiscal year 2026, Amentum projects revenues between $13.95 billion and $14.3 billion, adjusted EBITDA between $1.1 billion and $1.14 billion, and adjusted diluted EPS between $2.25 and $2.45.
Amentum is on track to achieve at least $60 million in net run rate synergies by the end of fiscal year 2026 and aims for 8.5% to 9% margins by FY 2028.
The company expects to reduce its net leverage to less than 3 times by the end of fiscal year 2026, supported by projected free cash flow of $525 million to $575 million in FY 2026.

Nov 25, 2025, 1:30 PM

Momentum Reports Strong FY 2025 Results and Provides FY 2026 Outlook

AMTM

Earnings

Guidance Update

New Projects/Investments

Momentum (AMTM) reported FY 2025 revenue of $14.4 billion and adjusted diluted EPS of $2.22, representing 2.5% and 11% year-over-year growth, respectively.
Adjusted EBITDA for FY 2025 reached $1.1 billion, an increase of 5%, with 10 basis points of margin expansion, and free cash flow was $516 million.
For FY 2026, the company projects revenues between $13.95 billion and $14.3 billion, adjusted EBITDA of $1.1 billion to $1.14 billion, and adjusted diluted EPS of $2.25 to $2.45.
Momentum aims to reduce net leverage to less than 3 times by the end of FY 2026 and is on track to deliver at least $60 million in net run rate synergies by the same period, supporting a long-term margin goal of 8.5% to 9% by FY 2028.
The company is strategically focused on accelerating growth in Space Systems and Technologies, critical digital infrastructure, and global nuclear energy, with operations for the Space Force Range contract commencing in December.

Nov 25, 2025, 1:30 PM

AMTM Reports Strong Q4 and Full Year FY25 Results, Issues FY26 Guidance

AMTM

Earnings

Guidance Update

New Projects/Investments

AMTM concluded FY25 with strong financial performance, reporting revenues of $14.4 billion (+4% YoY), Adjusted EBITDA of $1,104 million (+5% YoY), and Adjusted Diluted EPS of $2.22 (+11% YoY).
The company demonstrated robust growth momentum with a Q4 book-to-bill of 1.6x and secured significant strategic awards totaling over $8.3 billion in Q4 FY25, contributing to a year-end backlog of $47.1 billion.
AMTM achieved its deleveraging goals ahead of schedule, reducing net leverage to 3.2x by the end of FY25, and generated $516 million in Free Cash Flow for the year.
For FY26, the company initiated guidance, forecasting revenues between $13,950 million and $14,300 million, Adjusted EBITDA between $1,100 million and $1,140 million, and Adjusted Diluted EPS between $2.25 and $2.45.

Nov 25, 2025, 1:30 PM

Earnings Transcripts

Quarterly earnings call transcripts for Amentum Holdings.

Get instant answers from SEC filings, earnings calls & more

Get instant analysis when filings drop