A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
ICF International, Inc.
ICFI
$1.5B
Mkt Cap
$79.52
+3.15%
ICF International, Inc. (ICFI) has a current P/E ratio of 16.1, compared to its historical median P/E of 24.8. The stock is currently considered Cheap based on its historical valuation range.
ICF International, Inc. (ICFI) has a 5-year average return on invested capital (ROIC) of 6.6%. This is below average and may indicate limited pricing power.
ICF International, Inc. (ICFI) has a market capitalization of $1.4B. It is classified as a small-cap stock.
Yes, ICF International, Inc. (ICFI) pays a dividend with a trailing twelve-month yield of 0.71%. The company also returns capital through share buybacks, with a buyback yield of 2.38%.
Based on historical P/E analysis, ICF International, Inc. (ICFI) appears cheap. The current P/E of 16.1 is 35% below its historical median of 24.8. The estimated fair value CAGR (P/E method) is 7.8%.
ICF International, Inc. (ICFI) operates in the Services-Management Consulting Services industry, within the Industrials sector.
ICF International, Inc. (ICFI) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
COMPANY OVERVIEW ICF International, Inc. was formed in 1999 as a Delaware limited liability company under the name ICF Consulting Group Holdings, LLC. It was formed to purchase our principal operating subsidiary, which was founded in 1969, from a larger services organization. We converted to a Delaware corporation in 2003 and changed our name to ICF International, Inc. in 2006. We completed our initial public offering in September 2006. We provide professional services and technology-based solutions, including management, technology, and policy consulting and implementation services, to government and commercial clients. Our government clients include U.S. federal agencies, state and local governments, as well as international governments. Our commercial clients include those that are inside and outside of the U.S. We help our clients conceive, develop, implement, and improve solutions that address complex business, natural resource, social, technological, and public safety issues.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Energy, Environment, Infrastructure, and Disaster Recovery | $694M | $715M | $806M | $934M | $979M | 52% |
Health and Social Programs | $564M | $704M | $815M | $765M | $621M | 33% |
Security and Other Civilian & Commercial | $296M | $361M | $343M | $326M | $273M | 15% |
Safety and Security | $116M | $129M | — | — | — | — |
Health, Education and Social Programs | $678M | $906M | — | — | — | — |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.9B | 2.0B | 2.0B | 1.8B | 1.6B |
| Net Income | 85M | 92M | 110M | 83M | 64M | 71M |
| EPS | $4.65 | $4.95 | $5.82 | $4.35 | $3.38 | $3.72 |
| Free Cash Flow | 151M | 120M | 150M | 130M | 138M | 90M |
| ROIC | 7.5% | 7.8% | 8.8% | 6.6% | 4.7% | 5.2% |
| Gross Margin | - | 37.2% | 36.5% | 35.6% | 36.3% | 36.9% |
| Debt/Equity | 0.43 | 0.57 | 0.66 | 0.74 | 1.40 | 1.16 |
| Dividends/Share | $0.57 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 |
| Operating Income | 142M | 145M | 166M | 132M | 109M | 111M |
| Operating Margin | 7.8% | 7.8% | 8.2% | 6.7% | 6.1% | 7.1% |
| ROE | 8.3% | 9.1% | 11.6% | 9.3% | 7.8% | 9.2% |
| Shares Outstanding | 18M | 19M | 19M | 19M | 19M | 19M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | 1.5B | 1.5B | 1.6B | 1.8B | 2.0B | 2.0B | 1.9B | 1.8B |
| Gross Margin | 37.6% | 38.7% | 37.1% | 37.2% | 35.9% | 35.5% | 35.5% | 36.9% | 36.3% | 35.6% | 36.5% | 37.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 302M | 329M | 328M | 346M | 361M | 396M | 412M | 431M | 487M | 505M | 518M | 492M | 479M |
| EBIT | 69M | 75M | 83M | 82M | 92M | 101M | 89M | 111M | 109M | 132M | 166M | 145M | 142M |
| Op. Margin | 6.6% | 6.6% | 7.0% | 6.7% | 6.9% | 6.9% | 5.9% | 7.1% | 6.1% | 6.7% | 8.2% | 7.8% | 7.8% |
| Net Income | 40M | 39M | 47M | 63M | 61M | 69M | 55M | 71M | 64M | 83M | 110M | 92M | 85M |
| Net Margin | 3.8% | 3.5% | 3.9% | 5.1% | 4.6% | 4.7% | 3.6% | 4.6% | 3.6% | 4.2% | 5.5% | 4.9% | 4.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 2.0M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 4.6% | 4.8% | 5.2% | 6.8% | 6.2% | 6.1% | 4.8% | 5.2% | 4.7% | 6.6% | 8.8% | 7.8% | 7.5% |
| ROE | 8.2% | 7.7% | 8.6% | 10.6% | 9.6% | 10.0% | 7.5% | 9.2% | 7.8% | 9.3% | 11.6% | 9.1% | 8.3% |
| ROA | 4.4% | 3.6% | 4.3% | 5.7% | 5.3% | 5.3% | 3.6% | 4.0% | 3.3% | 4.0% | 5.4% | 4.4% | 4.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 79M | 76M | 80M | 117M | 75M | 91M | 173M | 110M | 162M | 152M | 172M | 142M | 172M |
| Free Cash Flow | 69M | 64M | 66M | 103M | 53M | 65M | 155M | 90M | 138M | 130M | 150M | 120M | 151M |
| Owner Earnings | 44M | 32M | 42M | 78M | 36M | 47M | 122M | 65M | 99M | 77M | 101M | 66M | 97M |
| CapEx | 11M | 13M | 14M | 15M | 22M | 27M | 18M | 20M | 24M | 22M | 21M | 22M | 21M |
| Maint. CapEx | 24M | 33M | 29M | 29M | 27M | 28M | 34M | 32M | 50M | 61M | 53M | 58M | 57M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 24M | 33M | 29M | 29M | 27M | 28M | 34M | 32M | 50M | 61M | 53M | 58M | 57M |
| CapEx/OCF | 13.4% | 16.6% | 17.2% | 12.4% | N/A | 29.4% | 10.2% | 18.1% | 15.1% | 14.7% | 12.5% | 15.3% | 12.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 7.9M | 11M | 11M | 11M | 11M | 11M | 11M | 10M | 10M |
| Dividend Yield | N/A | N/A | N/A | N/A | 0.6% | 0.7% | 0.8% | 0.6% | 0.6% | 0.5% | 0.4% | 0.6% | 0.7% |
| Share Buybacks | 0 | 22M | 12M | 32M | 17M | 23M | 30M | 20M | 21M | 19M | 48M | 55M | 34M |
| Buyback Yield | N/A | 3.4% | 1.2% | 3.3% | N/A | 1.4% | 2.1% | 1.0% | 1.1% | 0.8% | 2.1% | 3.5% | 2.4% |
| Stock-Based Comp | 11M | 11M | 9.1M | 10M | 12M | 16M | 18M | 13M | 13M | 15M | 17M | 18M | 18M |
| Debt Repayment | 423M | 420M | 531M | 643M | 580M | 722M | 870M | 773M | 1.4B | 1.4B | 1.2B | 1.4B | 1.4B |
| Balance Sheet | |||||||||||||
| Net Debt | 478M | 436M | 448M | 440M | 473M | 683M | 714M | 924M | 1.2B | 668M | 646M | 578M | 444M |
| Cash & Equiv. | 12M | 7.7M | 6.0M | 12M | 12M | 6.5M | 14M | 8.3M | 11M | 6.4M | 5.0M | 5.3M | 3.9M |
| Long-Term Debt | 350M | 312M | 259M | 206M | 200M | 164M | 303M | 412M | 533M | 404M | 412M | 401M | 439M |
| Debt/Equity | 0.98 | 0.85 | 0.80 | 0.73 | 0.73 | 0.96 | 0.97 | 1.16 | 1.40 | 0.74 | 0.66 | 0.57 | 0.43 |
| Interest Coverage | 16.3 | 7.5 | 8.7 | 9.6 | 10.6 | 9.5 | 6.4 | 10.8 | 4.6 | 3.3 | 5.6 | 4.7 | 4.7 |
| Equity | 501M | 523M | 566M | 616M | 660M | 715M | 747M | 803M | 853M | 918M | 982M | 1.0B | 1.0B |
| Total Assets | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | 2.1B | 2.0B | 2.1B | 2.1B | 2.1B |
| Total Liabilities | 610M | 557M | 520M | 494M | 553M | 681M | 920M | 1.0B | 1.2B | 1.1B | 1.1B | 1.0B | 1.0B |
| Intangibles | 77M | 59M | 46M | 35M | 35M | 26M | 60M | 80M | 127M | 95M | 112M | 82M | 74M |
| Retained Earnings | 286M | 325M | 372M | 435M | 486M | 545M | 589M | 649M | 703M | 775M | 875M | 956M | 974M |
| Working Capital | 85M | 92M | 107M | 107M | 114M | 96M | 49M | 73M | 51M | 29M | 43M | 110M | 169M |
| Current Assets | 288M | 275M | 299M | 331M | 392M | 435M | 476M | 449M | 467M | 447M | 492M | 514M | 524M |
| Current Liabilities | 203M | 183M | 192M | 224M | 278M | 339M | 427M | 377M | 416M | 418M | 449M | 404M | 355M |
| Per Share Data | |||||||||||||
| EPS | 2.00 | 2.00 | 2.40 | 3.27 | 3.18 | 3.59 | 2.87 | 3.72 | 3.38 | 4.35 | 5.82 | 4.95 | 4.65 |
| Owner EPS | 2.22 | 1.63 | 2.16 | 4.07 | 1.86 | 2.47 | 6.36 | 3.40 | 5.21 | 4.04 | 5.35 | 3.57 | 5.36 |
| Book Value | 25.02 | 26.58 | 29.16 | 32.04 | 34.20 | 37.21 | 39.01 | 42.02 | 44.89 | 48.32 | 51.90 | 55.59 | 56.96 |
| Cash Flow/Share | 3.96 | 3.88 | 4.12 | 6.09 | 3.87 | 4.76 | 9.04 | 5.76 | 8.53 | 8.02 | 9.06 | 7.67 | 7.83 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.57 |
| Shares Out. | 20.0M | 19.7M | 19.4M | 19.2M | 19.3M | 19.2M | 19.1M | 19.1M | 19.0M | 19.0M | 18.9M | 18.5M | 18.1M |
| Valuation | |||||||||||||
| P/E Ratio | 20.0 | 16.8 | 21.6 | 15.5 | N/A | 24.8 | 25.6 | 27.0 | 28.7 | 30.1 | 20.2 | 17.4 | 17.1 |
| P/FCF | 11.7 | 10.4 | 15.2 | 9.5 | 22.4 | 26.5 | 9.1 | 21.3 | 13.4 | 19.1 | 14.8 | 13.3 | 9.6 |
| EV/EBIT | 18.4 | 14.6 | 17.5 | 17.1 | N/A | 22.1 | 22.3 | 23.6 | 26.0 | 22.1 | 15.9 | 13.7 | 13.3 |
| Price/Book | 1.6 | 1.3 | 1.8 | 1.6 | 1.7 | 2.4 | 1.9 | 2.4 | 2.2 | 2.7 | 2.3 | 1.6 | 1.4 |
| Price/Sales | 0.7 | 0.6 | 0.6 | 0.7 | 1.1 | 1.0 | 0.9 | 1.1 | 1.1 | 1.1 | 1.4 | 0.9 | 0.8 |
| FCF Yield | 8.6% | 9.6% | 6.6% | 10.5% | 4.6% | 3.8% | 11.0% | 4.7% | 7.5% | 5.2% | 6.7% | 7.5% | 10.5% |
| Market Cap | 801M | 662M | 1.0B | 973M | 1.2B | 1.7B | 1.4B | 1.9B | 1.8B | 2.5B | 2.2B | 1.6B | 1.4B |
| Avg. Price | 34.57 | 34.63 | 39.23 | 46.45 | 64.69 | 75.13 | 69.24 | 89.23 | 98.43 | 117.19 | 147.10 | 91.53 | 79.52 |
| Year-End Price | 40.03 | 33.63 | 51.76 | 50.62 | 61.28 | 89.06 | 73.61 | 100.60 | 97.15 | 130.77 | 117.70 | 86.18 | 79.52 |
ICF International, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
ICF International, Inc. trades at 16.1x trailing earnings, compared to its 15-year median P/E of 24.8x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 12.1x vs a median of 15.0x. The company's 5-year average ROIC is 6.6% with a gross margin of 36.5%. Total shareholder yield (dividends + buybacks) is 3.1%. At current prices, the estimated annualized return to fair value is +8.6%.
ICF International, Inc. (ICFI) has a net profit margin of 4.9%. This is a modest margin.
ICF International, Inc. (ICFI) generated $120 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ICF International, Inc. (ICFI) has a debt-to-equity ratio of 0.57. This indicates moderate leverage.
ICF International, Inc. (ICFI) reported earnings per share (EPS) of $4.95 in its most recent fiscal year.
ICF International, Inc. (ICFI) has a return on equity (ROE) of 9.1%. This indicates moderate shareholder returns.
ICF International, Inc. (ICFI) has a 5-year average gross margin of 36.5%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for ICF International, Inc. (ICFI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ICF International, Inc. (ICFI) has a book value per share of $55.59, based on its most recent annual SEC filing.
No recent press releases.