Saturday 17 October 2026 Export ICFI’s income statement to Excel — free account

ICF International, Inc.

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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Market cap: $1.6B
P/E: 18.4×
Fwd P/E: 11.7×
Dividend yield: 0.63%
F-score: 7/9
Altman Z: 2.79
Beneish M: −2.63
Dividend safety: 84/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.65

Total sells 1.74

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	1	—	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	1	1	—

Insider Ownership 2.22%

Capital & Financial Ratios $m

Market Cap 1,590.00

Revenue 1,821.07

Net Income 88.55

Free Cash Flow 198.55

Net Debt 302.33

Current Ratio 1.39

Debt/Equity 0.39

P/E ratio 18.40

Fwd P/E 11.70

P/S ratio 0.88

P/B ratio 1.53

Past 5Y EPS Growth 11.52%

This Y EPS Growth 4.99%

Next Y EPS Growth 8.47%

Next Y revenue growth 1.66%

Next 5Y EPS Growth 6.60%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 26.32%

10-year low 10-year high

P/S against its own 10 years 37.41%

10-year low 10-year high

P/B against its own 10 years 17.29%

10-year low 10-year high

EV/Sales against its own 10 years 31.37%

10-year low 10-year high

EV/FCF against its own 10 years 2.65%

10-year low 10-year high

Dividends

Payout Ratio 0.12

Annual Dividend Rate 0.56

Annual Dividend Yield 0.63%

	total	individual payouts
2026	0.42	0.14 0.14 0.14
2025	0.56	0.14 0.14 0.14 0.14
2024	0.56	0.14 0.14 0.14 0.14
2023	0.56	0.14 0.14 0.14 0.14
2022	0.56	0.14 0.14 0.14 0.14
2021	0.56	0.14 0.14 0.14 0.14
2020	0.56	0.14 0.14 0.14 0.14
2019	0.56	0.14 0.14 0.14 0.14
2018	0.56	0.14 0.14 0.14 0.14
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	9	19	53	104
Receivables	208	263	256	258
Inventory	—	—	—	—
Other	202	189	187	196
	447	492	514	579

	2023	2024	2025	Q'26
Payables	135	160	124	84
ST’ Debt	26	—	—	—
Other	22	25	43	46
	418	449	404	418

Compound Annual Growth %

	10y	5y	3y
Sales	5.16%	4.44%	1.71%
Cash Flow	6.41%	(3.91%)	(4.37%)
Earnings	8.81%	10.75%	12.55%
Book Value	6.99%	6.61%	6.43%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	438	474	—	—	—
’25	488	476	465	444	1,873
’24	494	512	517	496	2,020
’23	483	500	502	478	1,963
’22	413	423	468	476	1,780
’21	378	393	394	388	1,553
’20	358	354	360	434	1,507

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	100	—	—	—
’25	(33)	52	47	76	142
’24	(10)	61	26	95	172
’23	(17)	37	26	107	152
’22	(7)	13	0	156	162
’21	5	1	58	45	110
’20	(15)	26	84	78	173

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	94	—	—	—
’25	(36)	46	42	69	120
’24	(15)	55	20	89	150
’23	(23)	30	21	102	130
’22	(14)	9	(6)	148	138
’21	1	(2)	54	38	90
’20	(20)	22	80	73	155

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.12	1.49	—	—	—
’25	1.44	1.28	1.28	0.94	4.95
’24	1.44	1.36	1.73	1.30	5.82
’23	0.87	1.07	1.25	1.16	4.35
’22	0.94	0.97	1.01	0.47	3.38
’21	0.96	1.07	1.07	0.63	3.72
’20	0.55	0.72	0.94	0.67	2.87

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	31.26	40.20	50.10	61.26	47.75	71.32	84.68	94.53	116.66	72.03	Analyst estimates 2026–2028 Powerpack
	High	59.55	57.95	82.25	93.65	95.24	108.23	121.28	145.40	179.67	135.34
People
People	Employees	5,000	5,500	6,000	7,000	7,500	7,700	9,000	9,000	9,300	8,400
	Revenue/emp, $m	0.24	0.22	0.22	0.21	0.20	0.20	0.20	0.22	0.22	0.22
Income, $m
Income, $m	Revenue	1,185	1,229	1,338	1,479	1,507	1,553	1,780	1,963	2,020	1,873
	Gross margin, %	37.12	37.22	35.91	35.53	35.47	36.93	36.27	35.56	36.53	37.16
	EBT	75	74	83	90	75	100	84	97	138	112
	EBT margin, %	6.29	6.02	6.19	6.10	4.96	6.44	4.72	4.92	6.84	5.98
	Net income	47	63	61	69	55	71	64	83	110	92
	Depreciation	30	29	28	29	34	33	50	61	53	58
Per share, $
Per share, $	Revenue	62.41	65.50	71.18	78.58	79.98	82.31	94.59	104.42	107.74	101.71
	Earnings	2.45	3.35	3.27	3.66	2.92	3.77	3.41	4.39	5.88	4.97
	Cash flow	4.22	6.24	3.97	4.86	9.19	5.84	8.62	8.10	9.15	7.70
	Capex	(0.73)	(0.77)	(1.16)	(1.43)	(0.94)	(1.06)	(1.30)	(1.19)	(1.14)	(1.18)
	Free cash flow	3.49	5.47	2.81	3.43	8.25	4.78	7.32	6.92	8.01	6.53
	Book value	29.81	32.83	35.13	37.98	39.65	42.58	45.34	48.80	52.41	55.85
	Shares, m	19	19	19	19	19	19	19	19	19	18
Valuation, ×
Valuation, ×	P/E	22.12	16.01	19.87	25.03	25.46	27.20	29.45	30.68	20.27	17.13
	P/S	0.87	0.82	0.91	1.17	0.93	1.25	1.06	1.29	1.11	0.84
	P/B	1.82	1.64	1.84	2.41	1.87	2.41	2.22	2.76	2.27	1.53
	EV/Sales	1.08	0.97	1.05	1.30	1.08	1.50	1.38	1.51	1.31	1.03
	EV/FCF	19.35	11.62	26.61	29.67	10.50	25.88	17.78	22.81	17.67	16.08
Cash, $m
Cash, $m	Operating cash flow	80	117	75	91	173	110	162	152	172	142
	Capex	(14)	(15)	(22)	(27)	(18)	(20)	(24)	(22)	(21)	(22)
	Free cash flow	66	103	53	65	155	90	138	130	150	120
Balance, $m
Balance, $m	Working capital	107	107	114	96	49	73	51	29	43	110
	Total debt	259	206	200	197	313	422	572	444	423	410
	Net debt	253	183	189	191	231	401	559	435	404	357
	Shareholders’ equity	566	616	660	715	747	803	853	918	982	1,028
Returns, %
Returns, %	ROA	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
	ROE	8.55	10.64	9.62	10.03	7.52	9.18	7.76	9.33	11.60	9.11

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BAH Booz Allen Hamilton Holding Corporation	$9.0B	11.6×	13.4×	−4.24% (below 0%: shrinking)	−24.88% (below 0%: shrinking)	+171.88% (above 0%: growing)	52.29%	9.96%	Compare
FCN FTI Consulting, Inc.	$4.0B	17.8×	17.5×	+5.28% (above 0%: growing)	−6.94% (below 0%: shrinking)	+268.52% (above 0%: growing)	31.84%	8.56%	Compare
HURN Huron Consulting Group Inc.	$2.8B	25.6×	14.7×	+15.37% (above 0%: growing)	+72.32% (above 0%: growing)	+51.61% (above 0%: growing)	32.51%	10.58%	Compare
ICFI ICF International, Inc.	$1.6B	18.4×	11.7×	−0.35% (below 0%: shrinking)	+16.28% (above 0%: growing)	+103.49% (above 0%: growing)	37.23%	8.41%
CRAI Charles River Associates	$1.1B	23.5×	17.6×	+12.81% (above 0%: growing)	+17.68% (above 0%: growing)	−230.17% (below 0%: shrinking)	29.45%	11.17%	Compare
SBC SBC Medical Group Holdings Incorporated	$545.1M	11.0×	6.6×	+13.44% (above 0%: growing)	+400.00% (above 0%: growing)	+396.07% (above 0%: growing)	73.14%	38.55%	Compare
ROMA Roma Green Finance Limited	$496.8M	—	—	—	—	+20.80% (above 0%: growing)	—	—	Compare
FORR Forrester Research, Inc.	$227.2M	— (loss-making)	— (loss-making)	−10.23% (below 0%: shrinking)	+276.19% (above 0%: growing)	−197.82% (below 0%: shrinking)	56.38%	3.39%	Compare
LAWR Robot Consulting Co., Ltd.	$172.4M	—	—	—	—	−270.95% (below 0%: shrinking)	—	—	Compare
Median of peers	$827.5M	17.8×	14.7×	+9.05%	+45.00%	+36.21%	42.40%	10.27%

All 23 Consulting Services stocks →

ICF International, Inc. (ICFI) key facts

Concern: ICF International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 7.27% from fiscal 2024.
Concern: Net income was $91.6 million, or $4.97 per share (basic), a net margin of 4.89%.
ICF International, Inc. (ICFI) is a Consulting Services company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, ICFI traded at $89.43, a market capitalization of $1.6 billion.
At that price the stock trades at 18.4× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 26% of its own readings over the past ten years.
ICF International, Inc. pays an annual dividend of $0.56 per share, a yield of 0.63%, with a payout ratio of 11.6%.
Return on equity was 9.11% and debt-to-equity 0.39.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.79 (grey zone) for fiscal 2025.