ICTSFOTCServices-Business Services, NECFiscal year ends December 31
ICTS INTERNATIONAL N V
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$5.55+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
11.2%−9.7 pts over 5 years
Operating margin
-3.3%−6.5 pts over 5 years
Net margin
-2.7%−4.5 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 | +10.6% | +18.0% | +16.6% | +11.1% | |
| Gross profit | -14.5% | -2.2% | +2.9% | +12.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -6.2% | -13.3% | – | |
| Return on assets | 5.2% | 3.3% | -8.2% | |
| Current ratio | 0.97 | 1.96 | 1.79 | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | – | |
| Capex to revenue | 0.5% | 0.9% | 0.3% | |
| Diluted shares | 12M | 38M | 36M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Icts International N V generated $100.34M from operations and spent $11.74M on capital expenditure, dividends and share buybacks. 72% of that went back into the business.
Generated
$100.34M
Used
$11.74M
Capital expenditure$8.49M72%Dividends$3.25M28%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.5%
×Asset turnover1.71×
×Equity multiplier-23.50×
=Return on equity, FY202258.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2022 | -1.5% | 1.71× | -23.50× | 58.4% |
| FY2021 | 10.7% | 1.93× | -9.26× | -191.7% |
| FY2020 | 1.8% | 1.88× | -3.99× | -13.3% |
| FY2019 | -2.4% | 3.36× | -2.81× | 22.8% |
| FY2018 | -3.3% | 4.73× | -2.37× | 36.5% |
| FY2017 | 2.0% | 5.05× | -1.96× | -19.3% |
| FY2016 | 0.9% | 5.71× | -1.18× | -6.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$14.35M
- Cash generatingOperating cash flow above zero-$30.99M
- Return on assets improvedROA up on the prior year-2.1% → -7.7%
- Earnings backed by cashOperating cash flow above net income-$30.99M vs -$14.35M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.04 → 1.79
- No dilutionShare count did not rise37M → 36M
- Gross margin improvedGross margin up on the prior year14.45% → 11.18%
- More efficientAsset turnover rose2.45 → 2.88