Amentum Holdings (MIL:1AMTM) Altman Z-Score: 1.94 (As of Jun. 28, 2026) — 12% Above Median


MIL:1AMTM Amentum Holdings Inc MIL:1AMTM
11 GF Score
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What is Amentum Holdings Altman Z-Score?

Amentum Holdings MIL:1AMTM 11 Altman Z-Score is 1.94 as of Jun. 28, 2026, which is 12% above its 10-year median of 1.73. GuruFocus rates MIL:1AMTM with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 1,059 Business Services companies, Amentum Holdings ranks worse than 67.89% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 1.95 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Amentum Holdings has a Altman Z-Score of 1.94, indicating it is in Grey Zones. This implies that Amentum Holdings is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Amentum Holdings's Altman Z-Score or its related term are showing as below:

MIL:1AMTM' s Altman Z-Score Range Over the Past 10 Years
Min: 1.4   Med: 1.73   Max: 2.1
Current: 1.95

During the past 5 years, Amentum Holdings's highest Altman Z-Score was 2.10. The lowest was 1.40. And the median was 1.73.


Amentum Holdings  (MIL:1AMTM) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Amentum Holdings Altman Z-Score Related Terms


Amentum Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Amentum Holdings's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Amentum Holdings Altman Z-Score Chart

Amentum Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
0.00 0.00 0.00 1.47 1.93

Amentum Holdings Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.46 1.73 1.93 2.10 2.08

MIL:1AMTM vs DLB, UNF, AZZ: Altman Z-Score Comparison

For the Specialty Business Services subindustry, Amentum Holdings's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Amentum Holdings Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Amentum Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Amentum Holdings's Altman Z-Score falls into.


MIL:1AMTM
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Amentum Holdings Inc MIL:1AMTM
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Amentum Holdings Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Amentum Holdings's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0901+1.4*-0.0325+3.3*0.0458+0.6*0.7785+1.0*1.2631
=1.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was €9,662 Mil.
Total Current Assets was €2,679 Mil.
Total Current Liabilities was €1,809 Mil.
Retained Earnings was €-314 Mil.
Pre-Tax Income was 67.47 + 54.656 + 28.968 + 10.404 = €161 Mil.
Interest Expense was -63.145 + -63.196 + -78.384 + -76.296 = €-281 Mil.
Revenue was 3008.47 + 2764.398 + 3344.1 + 3087.387 = €12,204 Mil.
Market Cap (Today) was €4,355 Mil.
Total Liabilities was €5,594 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(2678.905 - 1808.715)/9662.05
=0.0901

X2=Retained Earnings/Total Assets
=-313.995/9662.05
=-0.0325

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(161.498 - -281.021)/9662.05
=0.0458

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4354.652/5593.955
=0.7785

X5=Revenue/Total Assets
=12204.355/9662.05
=1.2631

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Amentum Holdings has a Altman Z-Score of 1.94 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.94 mean?
Amentum Holdings (MIL:1AMTM) has a Altman Z-Score of 1.94 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Amentum Holdings and its competitors. This is 12% above median its historical median of 1.73. Over the past decade, Amentum Holdings' Altman Z-Score has ranged from 1.40 to 2.10. According to the industry distribution chart, Amentum Holdings ranks #719 out of 1059 companies in the Business Services industry, placing it in the top 67.9%.
Is Amentum Holdings' Altman Z-Score too high?
Amentum Holdings' current Altman Z-Score of 1.94 is 12% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 2.10. The Business Services industry median Altman Z-Score is 2.97. Amentum Holdings' value of 1.94 is 34.7% below this industry median. Based on the distribution chart, Amentum Holdings ranks #719 out of 1059 companies in the Business Services industry, which is below the industry midpoint. Overall, Amentum Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Amentum Holdings' Altman Z-Score compare to DLB and UNF?
According to the Business Services industry distribution chart, Amentum Holdings ranks #719 out of 1059 companies for Altman Z-Score. This places Amentum Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.97. Amentum Holdings' value of 1.94 is 34.7% below this benchmark. Historically, Amentum Holdings' own Altman Z-Score has ranged from 1.40 to 2.10 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 2.97, Amentum Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,059 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Amentum Holdings's current Altman Z-Score of 1.94 is 34.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Amentum Holdings and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amentum Holdings's current Altman Z-Score is 1.94, which is 12% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amentum Holdings stock overvalued right now?
Amentum Holdings (MIL:1AMTM) has a current Altman Z-Score of 1.94. The current Altman Z-Score is 1.94, which is 12% above median its 10-year median of 1.73 and 34.7% below the Business Services industry median of 2.97. Amentum Holdings' overall GF Score™ is 11/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Amentum Holdings (MIL:1AMTM), the current Altman Z-Score is 1.94 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Amentum Holdings Business Description

Other Exchanges AMTM:USAZI7:Germany
Address 4800 Westfields Boulevard, Suite No. 400, Chantilly, VA, USA, 20151
Amentum Holdings Inc is an engineering and technology solutions provider serving U.S. and allied government agencies, as well as international and commercial customers across energy and environmental, intelligence, space, defense, civilian and commercial markets. It provides environmental remediation, intelligence and counter-threat solutions, data analytics, engineering and integration, testing, training and citizen services. The company operates through two segments: Digital Solutions, offering digital and data-driven services, and Global Engineering Solutions, providing environmental remediation, nuclear power solutions, platform engineering, sustainment, and supply chain management. majority of its revenue comes from the Global Engineering Solutions segment and from the United States.
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