ICF International, Inc. (ICFI)

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.

Ticker
ICFI
Exchange
Nasdaq
Sector
Industrials
Industry
Consulting Services
Market cap
$1.43B
52-week range
$58.83 - $100.63

Valuation

Share price
$79.68 (close of Nov 6, 2026)
P/E (TTM)
14.95x
Price to book
1.32x
Price to free cash flow
7.67x
Enterprise value
$1.95B
Book value per share
$60.55

Price performance

PeriodChange
1 day-16.46%
5 days-16.55%
1 month-4.10%
3 months-6.60%
6 months+8.29%
Year to date-6.59%
1 year-2.19%
3 years-38.78%
5 years-24.44%
10 years+63.11%
All time+550.45%

Short interest

As of
Oct 15, 2026
Short % of float
3.72%
Shares short
655.70K
Days to cover
4.10
Change since prior report
-15.71%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
8.91%
Return on invested capital
7.82%
Return on assets
4.47%
Return on capital employed
8.84%
Gross margin
37.16%
Net margin
4.89%
EBITDA margin
10.87%
Revenue growth
-7.27%
Net income growth
-16.87%
Free cash flow growth
-19.92%

Cash flow and balance sheet

Free cash flow yield (TTM)
13.04%
Current ratio
1.40x
Net debt to EBITDA
2.65x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$1.87B
Cost of revenue
$1.18B
Gross profit
$696.02M
EBITDA
$203.61M
Net income
$91.59M
Earnings per share
$4.97
Interest expense
$31.27M
Shares outstanding
18.41M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.87B$696.02M$91.59M$4.97
2024-12-31$2.02B$737.77M$110.17M$5.88
2023-12-31$1.96B$698.22M$82.61M$4.39
2022-12-31$1.78B$645.54M$64.24M$3.41
2021-12-31$1.55B$573.48M$71.13M$3.77
2020-12-31$1.51B$534.47M$54.96M$2.92
2019-12-31$1.48B$525.34M$68.94M$3.66
2018-12-31$1.34B$480.46M$61.40M$3.27
2017-12-31$1.23B$457.44M$62.88M$3.35
2016-12-31$1.19B$439.96M$46.58M$2.45

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3137.16%4.89%8.91%7.82%
2024-12-3136.53%5.45%11.21%8.71%
2023-12-3135.56%4.21%9.00%7.59%
2022-12-3136.27%3.61%7.53%5.46%
2021-12-3136.93%4.58%8.85%5.65%
2020-12-3135.47%3.65%7.36%5.79%
2019-12-3135.53%4.66%9.65%7.78%
2018-12-3135.91%4.59%9.30%8.23%
2017-12-3137.22%5.12%10.21%8.67%
2016-12-3137.12%3.93%8.23%6.65%

Cash and debt by year

Period endCashDebt
2025-12-31$5.30M$401.36M
2024-12-31$4.96M$411.74M
2023-12-31$6.36M$404.41M
2022-12-31$11.26M$533.08M
2021-12-31$8.25M$411.61M
2020-12-31$13.84M$303.21M
2019-12-31$6.48M$164.26M
2018-12-31$11.69M$200.42M
2017-12-31$11.81M$206.25M
2016-12-31$6.04M$259.39M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$120.21M$17.69M
2024-12-31$150.11M$16.72M
2023-12-31$130.05M$14.86M
2022-12-31$137.73M$13.17M
2021-12-31$90.27M$13.23M
2020-12-31$155.46M$17.55M
2019-12-31$64.54M$15.82M
2018-12-31$52.86M$11.51M
2017-12-31$102.68M$10.29M
2016-12-31$66.27M$9.08M

Dividend history

Most recent payment
Sep 4, 2026
Paid in the last twelve months
$0.56
Payment dateDividend per share
2026-09-04$0.14
2026-06-05$0.14
2026-03-27$0.14
2025-12-05$0.14
2025-09-05$0.14
2025-06-06$0.14
2025-03-28$0.14
2024-12-06$0.14

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026$1.89
2026-08-06Jun 2026$1.69
2026-05-07Mar 2026$1.55
2026-02-26Dec 2025$1.53
2025-10-30Sep 2025$1.75
2025-07-31Jun 2025$1.63
2025-05-01Mar 2025$1.74
2025-02-27Dec 2024$1.86

Filings and sources

Company website
icf.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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