ICFINasdaqServices-Management Consulting ServicesFiscal year ends December 31
ICF International, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$88.46−0.97 (-1.08%)
Close on Oct 19, 2026
- Market cap
- $1.60B
- P/E (TTM)
- 18.3
- Dividend yield
- 0.63%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
37.2%+1.7 pts over 5 years
Operating margin
7.8%+1.9 pts over 5 years
Net margin
4.9%+1.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -7.3% | +1.7% | +4.4% | +5.2% | |
| Gross profit | -5.7% | +2.5% | +5.4% | +4.7% | |
| Operating income | -12.3% | +10.2% | +10.3% | +6.8% | |
| Net income | -16.9% | +12.5% | +10.8% | +8.8% | |
| EPS, diluted | -14.9% | +13.6% | +11.5% | +9.5% | |
| Free cash flow | -19.9% | -4.4% | -5.0% | +6.6% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.6% | 7.5% | 9.1% | |
| Return on assets | 4.3% | 3.6% | 4.4% | |
| Current ratio | 1.55 | 1.11 | 1.27 | |
| Debt to equity | 0.46 | 0.42 | 0.39 | |
| Net debt to EBITDA | 2.26× | 2.44× | 1.95× | |
| Interest coverage | 8.7× | 6.4× | 4.7× | |
| Capex to revenue | 1.2% | 1.2% | 1.2% | |
| Diluted shares | 19M | 19M | 19M |
Where the cash went
Fiscal 2021 to 2025, five years combined
ICF International generated $738.21M from operations and spent $325.74M on capital expenditure, dividends and share buybacks. 34% of that went back into the business.
Generated
$738.21M
Used
$325.74M
Capital expenditure$109.83M34%Dividends$52.51M16%Share buybacks$163.39M50%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.9%
×Asset turnover0.91×
×Equity multiplier2.05×
=Return on equity, FY20259.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.9% | 0.91× | 2.05× | 9.1% |
| FY2024 | 5.5% | 0.99× | 2.15× | 11.6% |
| FY2023 | 4.2% | 0.96× | 2.32× | 9.3% |
| FY2022 | 3.6% | 0.90× | 2.38× | 7.8% |
| FY2021 | 4.6% | 0.88× | 2.27× | 9.2% |
| FY2020 | 3.6% | 0.98× | 2.10× | 7.5% |
| FY2019 | 4.7% | 1.13× | 1.90× | 10.0% |
| FY2018 | 4.6% | 1.15× | 1.82× | 9.6% |
| FY2017 | 5.1% | 1.12× | 1.86× | 10.6% |
| FY2016 | 3.9% | 1.09× | 1.99× | 8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$91.59M
- Cash generatingOperating cash flow above zero$141.87M
- Return on assets improvedROA up on the prior year5.5% → 4.4%
- Earnings backed by cashOperating cash flow above net income$141.87M vs $91.59M
- Less leverageLong-term debt to assets fell19.9% → 19.6%
- Better liquidityCurrent ratio rose1.10 → 1.27
- No dilutionShare count did not rise19M → 19M
- Gross margin improvedGross margin up on the prior year36.53% → 37.16%
- More efficientAsset turnover rose1.00 → 0.91