ICF International, Inc. ICFI R2K

Industrials · Consulting Services · United States

https://www.icf.com

ICF International, Inc. provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The Company provides consulting and technology services across several key domains, such as strategy and public policy; energy and environmental sustainability; and climate resilience; digital transformation including information technology; modernization, cloud, cybersecurity, and data analytics; health and social programs including public health and education; international development and capacity building; disaster management and recovery planning; transportation, aviation, and infrastructure; and marketing and strategic communications. The company serves energy, environment, infrastructure, and disaster recovery; health and social programs; and security and other civilian and commercial markets; U.S. federal government departments and agencies, local government departments and agencies, international governments, and commercial clients. The company was formerly known as ICF Consulting Group Holdings, LLC and changed its name to ICF International, Inc. in 2006. ICF International, Inc. was founded in 1969 and is headquartered in Reston, Virginia.

Market & Price

Market Cap

$1.25B

Current Price

$68.84

High / Low (52W)

$100.20 / $59.90

Beta

0.56

Valuation

Stock P/E

14.87

Industry PE

28.38

Forward P/E

8.96

PEG Ratio

1.81

Book Value

$56.96

Price to Book

1.21

P/S

0.68

EV/EBITDA

9.30

Dividend Yield

0.81%

Profitability & Returns

ROCE

8.68%

ROE

8.52%

ROA

4.30%

Profit Margin

4.68%

Op Margin

7.97%

EPS (Latest Qtr)

$1.12

EPS (TTM)

$4.63

Balance Sheet & Liquidity

Debt/Equity

0.59

Quick Ratio

1.28

Current Ratio

1.48

Debt

$603.72M

Total Assets

$2.05B

Current Assets

$514.44M

Working Capital

$110.16M

Ownership

Promoter Holding

1.82%

Chg in Prom Hold

FII / Inst Holding

97.91%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$1.85B

Total Revenue (TTM)

$1.82B

EBITDA

$198.46M

Free Cash Flow

$88.48M

Operating Cash Flow

$171.76M

Shares Outstanding

18.10M

Gross Margin

37.19%

Payout Ratio

12.10%

Growth (CAGR)

Revenue 5Y

1.71%

Profit 5Y

12.55%

Revenue (YoY)

-10.30%

Earnings (YoY)

-22.20%

PROS

Profit CAGR of 12.5% over 5 years.
Generates positive free cash flow.

CONS

Trading 31.3% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	ICFI ICF International, Inc. R2K	68.84	14.87	$1.25B	0.81%	8.68%	8.52%	1.71%	12.55%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	296.30M	306.39M	305.30M	321.17M	302.78M	324.31M	332.97M	377.91M	341.25M	366.72M	373.92M	396.64M	358.24M	353.99M	360.31M	434.33M	378.48M	392.52M	394.06M	413.47M	423.11M	467.78M	483.28M	500.08M	501.52M	494.44M	512.03M	-	-	487.62M	476.15M	465.40M	443.67M	437.50M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	302.54M	298.43M	290.55M	285.32M	270.64M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	185.08M	177.73M	174.86M	158.35M	166.86M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	146.69M	137.72M	136.43M	129.72M	132.01M
Operating Income	21.50M	19.04M	17.69M	19.36M	23.78M	21.96M	16.63M	22.21M	23.40M	20.18M	17.58M	21.02M	24.22M	29.44M	21.89M	22.54M	28.66M	28.30M	16.32M	22.78M	28.25M	21.76M	28.13M	31.95M	32.27M	27.70M	29.78M	28.23M	31.45M	32.05M	31.90M	40.94M	42.41M	-	-	38.39M	40.01M	38.43M	28.63M	34.86M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52.13M	53.07M	52.77M	42.99M	47.28M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.34M	8.42M	7.86M	7.21M	6.71M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.00M	29.95M	30.75M	21.30M	27.39M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.15M	6.29M	6.98M	3.99M	6.87M
Net Income	11.54M	10.75M	9.89M	10.58M	13.44M	12.67M	10.18M	11.94M	13.69M	27.07M	12.42M	13.62M	16.67M	18.70M	15.32M	14.61M	19.63M	19.38M	10.61M	13.66M	17.87M	12.82M	18.35M	20.31M	20.39M	17.86M	18.40M	19.11M	16.40M	20.31M	23.74M	27.32M	25.61M	-	-	26.85M	23.66M	23.77M	17.31M	20.52M
Diluted EPS	0.59	0.55	0.51	0.55	0.70	0.65	0.52	0.63	0.72	1.41	0.65	0.71	0.86	0.97	0.80	0.76	1.02	1.01	0.55	0.72	0.94	0.67	0.96	1.07	1.07	0.94	0.97	1.01	0.87	1.07	1.25	1.44	1.36	-	-	1.44	1.28	1.28	0.94	1.12

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	1.19B	1.23B	1.34B	1.48B	1.51B	-	1.78B	1.96B	2.02B	1.87B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	1.13B	1.27B	1.28B	1.18B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	645.54M	698.22M	737.77M	696.02M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	536.78M	565.90M	571.93M	550.55M
Operating Income	39.08M	46.92M	59.48M	66.18M	64.69M	69.36M	75.23M	82.79M	82.42M	92.27M	101.39M	89.11M	-	108.76M	132.32M	165.84M	145.47M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	157.18M	196.97M	221.12M	200.97M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	23.28M	39.68M	29.59M	30.83M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	83.98M	96.55M	138.06M	111.99M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	19.74M	13.94M	27.89M	20.41M
Net Income	22.36M	27.17M	34.87M	38.08M	39.33M	40.03M	39.37M	46.58M	62.88M	61.40M	68.94M	54.96M	-	64.24M	82.61M	110.17M	91.59M
Diluted EPS	1.40	1.38	1.75	1.91	1.95	2.00	2.00	2.40	3.27	3.18	3.59	2.87	-	3.38	4.35	5.82	4.95

Compounded Sales Growth

5 Years:	1.71%
1 Year:	-10.30%

Compounded Profit Growth

5 Years:	12.55%
1 Year:	-22.20%

Stock Price Performance

1 Year:	-19.32%
6 Months:	-11.90%
3 Months:	-17.01%
1 Month:	+0.39%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	572.82M	694.62M	709.72M	700.91M	1.11B	1.08B	1.09B	1.11B	1.21B	1.40B	1.67B	-	2.09B	2.01B	2.07B	2.05B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	466.72M	447.16M	492.07M	514.44M
Cash & Equivalents	1.54M	2.35M	3.30M	4.10M	14.72M	8.95M	12.12M	7.75M	6.04M	11.81M	11.69M	6.48M	13.84M	-	11.26M	6.36M	4.96M	5.30M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	232.34M	205.48M	256.92M	238.00M
Total Liabilities	-	-	220.09M	301.59M	280.97M	226.82M	609.65M	557.01M	519.57M	494.23M	553.45M	681.48M	920.33M	-	1.24B	1.09B	1.08B	1.02B
Current Liabilities	-	-	116.17M	134.33M	146.83M	150.22M	203.24M	182.98M	192.48M	224.37M	278.06M	339.05M	427.03M	-	415.99M	418.23M	449.18M	404.28M
Long Term Debt	-	-	85.00M	145.00M	105.00M	40.00M	350.05M	311.53M	259.39M	206.25M	200.42M	164.26M	303.21M	-	533.08M	404.41M	411.74M	401.36M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	776.39M	642.67M	602.27M	571.34M
Total Equity	202.92M	317.56M	352.73M	393.03M	428.75M	474.09M	500.69M	523.28M	566.00M	616.03M	660.42M	714.55M	746.96M	-	853.21M	917.59M	982.46M	1.03B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23.79M	23.98M	24.19M	24.38M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	48.55M	68.18M	59.52M	87.76M	80.81M	79.16M	76.32M	80.06M	117.19M	74.67M	91.44M	173.15M	-	162.21M	152.38M	171.54M	141.87M
Investing Cash Flow	-197.18M	-7.68M	-118.24M	-23.54M	-16.62M	-358.51M	-14.50M	-13.89M	-14.60M	-56.39M	-30.47M	-270.95M	-	-258.84M	-3.67M	-74.81M	-21.51M
Financing Cash Flow	149.50M	-59.37M	59.80M	-52.64M	-70.43M	283.52M	-64.45M	-66.97M	-87.30M	-28.77M	-67.64M	169.96M	-	90.37M	-152.59M	-86.90M	-84.31M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-24.48M	-22.34M	-21.43M	-21.66M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	137.73M	130.05M	150.11M	120.21M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.27M	-3.88M	9.84M	36.05M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	36.3%	35.6%	36.5%	37.2%
Operating Margin %	-	-	-	-	-	-	-	7.0%	6.7%	6.9%	6.9%	5.9%	-	6.1%	6.7%	8.2%	7.8%
Net Margin %	-	-	-	-	-	-	-	3.9%	5.1%	4.6%	4.7%	3.6%	-	3.6%	4.2%	5.5%	4.9%
ROE %	7.0%	7.7%	8.9%	8.9%	8.3%	8.0%	7.5%	8.2%	10.2%	9.3%	9.6%	7.4%	-	7.5%	9.0%	11.2%	8.9%
ROCE %	-	10.3%	10.6%	11.8%	11.7%	7.6%	8.4%	9.3%	9.3%	9.9%	9.6%	7.2%	-	6.5%	8.3%	10.3%	8.8%

Shareholding Pattern

Insiders

1.82%

Institutions

97.91%

Public Float

99.72%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	9.06%	1.64M	$112.85M
2	Capital Research Global Investors	8.86%	1.60M	$110.46M
3	Wasatch Advisors LP	6.49%	1.17M	$80.88M
4	Dimensional Fund Advisors LP	5.40%	978.46K	$67.36M
5	Vanguard Capital Management LLC	4.50%	814.25K	$56.05M
6	Thrivent Financial For Lutherans	3.64%	659.77K	$45.42M
7	Geode Capital Management, LLC	2.55%	460.97K	$31.73M
8	State Street Corporation	2.51%	455.14K	$31.33M
9	Estuary Capital Management LP	2.50%	452.80K	$31.17M
10	Silvercrest Asset Management Group, LLC	2.28%	413.67K	$28.48M

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ICFI · Industrials