Saturday 17 October 2026
Export ICFI’s income statement to Excel — free account
ICF International, Inc.
ICFI Industrials Consulting Services
ICF International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 7.27% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 16.3%, free cash flow grew 103.5% and total debt fell 14.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
89.43
0.66
+0.74%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
22.12 | 16.01 | 19.87 | 25.03 | 25.46 | 27.20 | 29.45 | 30.68 | 20.27 | 17.13 |
Piotroski F-Score |
8 | 8 | 5 | 4 | 3 | 6 | 5 | 7 | 8 | 7 |
Altman Z-Score |
3.15 | 3.21 | 3.35 | 3.45 | 2.52 | 2.69 | 2.42 | 3.13 | 3.10 | 2.79 |
P/S ratio |
0.87 | 0.82 | 0.91 | 1.17 | 0.93 | 1.25 | 1.06 | 1.29 | 1.11 | 0.84 |
P/FCF ratio |
15.53 | 9.83 | 23.04 | 26.71 | 9.01 | 21.43 | 13.72 | 19.47 | 14.89 | 13.07 |
Altman Z″-Score (non-manufacturers) |
3.42 | 3.72 | 3.69 | 3.31 | 2.55 | 2.61 | 2.33 | 2.67 | 3.01 | 3.41 |
Beneish M-Score |
(2.49) | (3.04) | (2.19) | (2.39) | (3.02) | (2.48) | (2.71) | (2.72) | (2.41) | (2.63) |
P/Operating CF |
46.21 | 21.52 | 18.93 | 20.26 | 17.96 | 42.58 | 12.15 | 23.70 | 23.44 | 20.77 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 84 |
P/B ratio |
1.82 | 1.64 | 1.84 | 2.41 | 1.87 | 2.41 | 2.22 | 2.76 | 2.27 | 1.53 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
1.08 | 0.97 | 1.05 | 1.30 | 1.08 | 1.50 | 1.38 | 1.51 | 1.31 | 1.03 |
EV/EBITDA |
11.41 | 10.68 | 11.72 | 14.72 | 13.20 | 16.28 | 15.44 | 15.37 | 7.53 | 5.93 |
EV/Operating CF |
16.02 | 10.18 | 18.83 | 20.94 | 9.42 | 21.20 | 15.10 | 19.47 | 15.46 | 13.62 |
EV/FCF |
19.35 | 11.62 | 26.61 | 29.67 | 10.50 | 25.88 | 17.78 | 22.81 | 17.67 | 16.08 |
Quick Ratio |
1.49 | 0.88 | 0.90 | 0.81 | 0.72 | 0.71 | 0.62 | 0.52 | 0.63 | 0.77 |
Current Ratio |
1.55 | 1.48 | 1.41 | 1.28 | 1.11 | 1.19 | 1.12 | 1.07 | 1.10 | 1.27 |
Net Debt/EBITDA |
2.25 | 1.64 | 1.57 | 1.47 | 1.87 | 2.80 | 3.53 | 2.25 | 1.84 | 1.75 |
Debt/Assets |
23.89% | 18.58% | 16.51% | 14.13% | 18.79% | 22.80% | 27.36% | 22.08% | 20.47% | 19.99% |
Debt/Equity |
0.46 | 0.33 | 0.30 | 0.28 | 0.42 | 0.52 | 0.67 | 0.48 | 0.43 | 0.40 |
Asset Turnover |
1.09 | 1.12 | 1.15 | 1.13 | 0.98 | 0.88 | 0.90 | 0.96 | 0.99 | 0.91 |
Operating CF/Net income |
1.72 | 1.86 | 1.22 | 1.33 | 3.15 | 1.55 | 2.52 | 1.84 | 1.56 | 1.55 |
Capex/Depreciation |
(0.47) | (0.50) | (0.79) | (0.94) | (0.51) | (0.61) | (0.49) | (0.37) | (0.40) | (0.37) |
Interest Coverage |
8.74 | 9.64 | 10.59 | 9.46 | 6.50 | 11.11 | 4.67 | 3.33 | 5.60 | 4.72 |
| 8.55% | 10.64% | 9.62% | 10.03% | 7.52% | 9.18% | 7.76% | 9.33% | 11.60% | 9.11% | |
| 4.30% | 5.73% | 5.28% | 5.28% | 3.59% | 4.05% | 3.26% | 4.03% | 5.40% | 4.45% | |
ROIC |
6.32% | 6.44% | 6.79% | 7.00% | 5.69% | 5.76% | 4.81% | 6.11% | 7.47% | 6.56% |
Return on Tangible Assets |
31.66% | 43.33% | 37.87% | 44.79% | 49.48% | 57.10% | 47.19% | 78.77% | 100.71% | 54.35% |
Average Days of Receivables |
86.66 | 51.64 | 64.78 | 66.28 | 54.46 | 58.41 | 50.03 | 38.64 | 47.56 | 49.91 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
27.68% | 28.19% | 26.98% | 26.77% | 27.32% | 27.72% | 27.35% | 25.73% | 25.67% | 26.29% |
Intangible Assets out of Total Assets |
0.67 | 0.65 | 0.62 | 0.53 | 0.58 | 0.61 | 0.64 | 0.65 | 0.66 | 0.65 |
Share Based Compensation of Revenue |
0.77% | 0.84% | 0.86% | 1.07% | 1.16% | 0.85% | 0.74% | 0.76% | 0.83% | 0.94% |
Graham Net Nets |
(0.21) | (0.16) | (0.13) | (0.14) | (0.32) | (0.31) | (0.41) | (0.26) | (0.26) | (0.32) |
Graham Number |
40.54 | 49.82 | 50.77 | 55.92 | 51.04 | 60.10 | 58.98 | 69.43 | 83.27 | 79.11 |
Earnings Yield |
4.52% | 6.25% | 5.03% | 3.99% | 3.93% | 3.68% | 3.40% | 3.26% | 4.93% | 5.84% |
Free Cash Flow Yield |
6.44% | 10.17% | 4.34% | 3.74% | 11.10% | 4.67% | 7.29% | 5.14% | 6.72% | 7.65% |
Revenue per Share |
62.41 | 65.50 | 71.18 | 78.58 | 79.98 | 82.31 | 94.59 | 104.42 | 107.74 | 101.71 |
Operating CF per Share |
4.22 | 6.24 | 3.97 | 4.86 | 9.19 | 5.84 | 8.62 | 8.10 | 9.15 | 7.70 |
Capex per Share |
(0.73) | (0.77) | (1.16) | (1.43) | (0.94) | (1.06) | (1.30) | (1.19) | (1.14) | (1.18) |
Free Cash Flow per Share |
3.49 | 5.47 | 2.81 | 3.43 | 8.25 | 4.78 | 7.32 | 6.92 | 8.01 | 6.53 |
Cash per Share |
0.32 | 1.23 | 0.62 | 0.34 | 4.35 | 1.08 | 0.69 | 0.50 | 1.00 | 2.89 |
Shareholders Equity per Share |
29.81 | 32.83 | 35.13 | 37.98 | 39.65 | 42.58 | 45.34 | 48.80 | 52.41 | 55.85 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
29.81 | 32.83 | 35.13 | 37.98 | 39.65 | 42.58 | 45.34 | 48.80 | 52.41 | 55.85 |
Free Cash Flow |
66.27 | 102.68 | 52.86 | 64.54 | 155.46 | 90.27 | 137.73 | 130.05 | 150.11 | 120.21 |
Working Capital |
106.65 | 107.07 | 114.05 | 95.67 | 48.65 | 72.53 | 50.73 | 28.93 | 42.89 | 110.16 |
Capital Expenditures |
(13.79) | (14.51) | (21.81) | (26.90) | (17.68) | (19.93) | (24.47) | (22.34) | (21.43) | (21.66) |
Net Current Asset Value |
(220.44) | (162.79) | (161.34) | (246.77) | (444.65) | (596.90) | (772.33) | (647.03) | (591.82) | (507.25) |
EV/EBIT |
15.49 | 14.47 | 15.24 | 18.88 | 18.31 | 21.06 | 22.52 | 22.42 | 16.00 | 13.29 |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
12.43 | 12.25 | 13.20 | 17.00 | 15.72 | 17.44 | 17.38 | 19.14 | 13.48 | 10.80 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.73 | 0.77 | 0.58 | 0.49 | 0.55 | 0.63 | 0.58 | 0.80 | 0.80 | 1.00 |
Cash ROIC |
7.97% | 12.15% | 6.06% | 7.03% | 13.61% | 7.25% | 9.57% | 9.48% | 10.54% | 8.06% |
Accounts Receivable Turnover |
4.40 | 5.40 | 6.50 | 5.84 | 6.11 | 6.56 | 7.23 | 8.69 | 8.58 | 7.21 |
Accounts Payable Turnover |
11.09 | 10.60 | 9.65 | 8.04 | 8.61 | 9.94 | 9.40 | 9.36 | 8.72 | 8.32 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
34.58 | 35.51 | 43.67 | 51.53 | 34.29 | 39.37 | 43.69 | 38.81 | 45.42 | 38.31 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
269.17 | 227.64 | 205.69 | 252.98 | 246.66 | 236.67 | 246.23 | 225.89 | 235.50 | 259.63 |
Average Payables |
67.16 | 72.83 | 88.84 | 118.59 | 112.97 | 98.51 | 120.72 | 135.14 | 147.01 | 141.52 |
Average Assets |
1,082.93 | 1,097.91 | 1,162.06 | 1,304.95 | 1,531.66 | 1,758.41 | 1,970.90 | 2,052.02 | 2,039.06 | 2,058.26 |
Average Common Equity |
544.64 | 591.02 | 638.22 | 687.48 | 730.76 | 775.22 | 828.34 | 885.40 | 950.02 | 1,005.47 |
Columns are period end dates