{
  "url": "https://struct.news/briefs/amentums-482b-backlog-is-growing-its-cash-generation-is-not",
  "title": "Amentum's $48.2B backlog is growing. Its cash generation is not.",
  "summary": "A $48.2 billion backlog dwarfs nine-month sales, while operating income climbed to $172 million after lower interest expense and better rates.",
  "published_at": "2026-08-11T23:45:49.664131+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Amentum Holdings, Inc.",
    "ticker": "AMTM",
    "cik": "1628280",
    "sector": "Industrials",
    "industry": "Specialty Business Services"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-11",
    "accession": "0001628280-26-055727",
    "url": "https://www.sec.gov/Archives/edgar/data/2011286/000162828026055727/amtm-20260703.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-06",
    "url": "https://www.sec.gov/Archives/edgar/data/2011286/000201128625000163/amtm-20250627.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 14393000000,
      "display": "$14.4B",
      "unit": "usd",
      "period": "2025-10-03",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-055727",
        "filing_date": "2026-08-11"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 71.59036719122555,
      "display": "+71.6%",
      "unit": "percent",
      "period": "2025-10-03",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-055727",
        "filing_date": "2026-08-11"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 3.334954491766831,
      "display": "+3.3%",
      "unit": "percent",
      "period": "2025-10-03",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-055727",
        "filing_date": "2026-08-11"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Lower term-loan principal and more favorable rates reduced interest expense during the nine months.",
      "importance": "medium",
      "evidence": "Interest expense and other, net — The decrease in interest expense and other, net was primarily due to the reduction to our term facility principal balance as compared to the nine months ended June 27, 2025 and more favorable rates due to the Amendment.",
      "source_date": "2026-08-11"
    },
    {
      "type": "tax",
      "statement": "The effective tax-rate change primarily reflected recognition of a valuation allowance against a disallowed-interest deferred-tax asset.",
      "importance": "medium",
      "evidence": "The change in the effective tax rate was primarily due to the recognition of a valuation allowance against a disallowed interest expense deferred tax asset relative to income before income taxes in the respective period.",
      "source_date": "2026-08-11"
    },
    {
      "type": "backlog",
      "statement": "Amentum's backlog rose to $48.2 billion, primarily from new contract wins, even as revenue declined; compare the next reported backlog balance and its composition.",
      "importance": "medium",
      "evidence": "As of July 3, 2026, the Company had total backlog of $48.2 billion, compared with $44.6 billion as of June 27, 2025, an increase of $3.6 billion primarily due to new contract wins partially offset by revenue recognized on current contracts.",
      "source_date": "2026-08-11"
    }
  ],
  "related_tickers": [
    "AMTM"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}