Caci International (CACI) AI Stock Analysis

• Market Cap: $13.54B
• Dividend Yield: N/A
• Average Volume (3M): 259.04K
• Price to Earnings (P/E): 23.7
• Beta (1Y): 0.47
• Revenue Growth: 12.61%
• EPS Growth: 11.85%
• Country: US
• Employees: 25,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 6.81
• Shares Outstanding: 22,085,773
• 10 Day Avg. Volume: 261,147
• 30 Day Avg. Volume: 259,040
• PEG Ratio: 1.07
• Price to Book (P/B): 2.72
• Price to Sales (P/S): 1.23
• P/FCF Ratio: 22.03
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 1.84
• Enterprise Value/Gross Profit: 20.08
• Enterprise Value/Ebitda: 15.85
• 1Y Price Target: $719.71
• Price Target Upside: 17.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 28.74
• Revenue Forecast (FY): $9.46B

• Rating: 74 Outperform
• Price Target: $686.00 ▲(11.92% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is driven primarily by solid financial performance and a strong, guidance-raising earnings call that points to improved FY2026 cash generation, partially offset by leverage sensitivity and a recent decline in trailing free cash flow. Technicals are supportive with an established uptrend, while valuation is fair but not notably discounted given the ~23.7 P/E and no dividend yield provided.

Positive Factors

Large, long-duration funded backlog

A $33B backlog with funded backlog up 7% and a weighted average award duration >6 years provides durable revenue visibility. This supports multi-year task order conversion, reduces near-term sales volatility, and underpins predictable execution and planning for the next several fiscal years.

Technology-heavy revenue mix and EW leadership

Shifting to ~60% technology revenue and a ~ $2B electronic warfare franchise raises structural margins and differentiation. High technical barriers, specialized sensor and analytics capabilities, and mission-critical EW work create durable competitive advantage and higher-return program opportunities.

Upgraded guidance and material free cash flow target

Management raised FY26 guidance across revenue, margin and FCF, targeting at least $725M of free cash flow. A sizable FCF target signals improving cash conversion and operating efficiency, supporting reinvestment, debt paydown, and funding of strategic M&A over the medium term.

Negative Factors

Elevated leverage from ARKA acquisition

The ARKA purchase materially increases leverage in the near term (to ~4.3x), raising interest expense and constraining financial flexibility. Although management plans to de-lever to the low threes within ~6 quarters, elevated leverage heightens refinancing, integration, and covenant risk if cash flow underperforms or rates remain high.

Recent decline in free cash flow

TTM free cash flow fell ~19%, indicating working-capital or timing volatility despite positive operating cash flow (~$558M) and FCF (~$496M). A declining FCF trend weakens the company’s buffer for deleveraging, acquisitions and organic reinvestment if the decline persists over upcoming quarters.

Dependence on government funding and award timing

Heavy reliance on U.S. government appropriations, award cadence and protests creates structural timing risk. Delays or uneven post-shutdown activity can push task orders and material purchases, producing revenue recognition and margin mix variability that can persist across multiple quarters.

Caci International Business Overview & Revenue Model

Company Description

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates in two segments, Domestic Operations and International Operations. The Domestic Operations segment offers information solutions and services to the U.S. federal government agencies and commercial enterprises in the areas, such as digital solutions, C4ISR, cyber and space, engineering services, enterprise IT, and mission support. The International Operations segment provides a range of IT services, proprietary data, and software products to the commercial and government customers in the United Kingdom, continental Europe, and internationally. The company designs, implements, protects, and manages secure enterprise IT solutions. It also offers software-defined, full-spectrum cyber, electronic warfare, and counter-unmanned aircraft system solutions; and platform integration and modernization and sustainment, as well as system engineering, naval architecture, training and simulation, and logistics engineering. In addition, the company provides enterprise cloud solutions for classified and unclassified networks; and intelligence support that ensures continuous advances in collection, analysis, and dissemination to optimize decision-making. CACI International Inc was founded in 1962 and is headquartered in Reston, Virginia.

How the Company Makes Money

CACI makes money primarily by performing contract work for U.S. federal government agencies (and, to a smaller extent, allied/foreign government customers) and recognizing revenue as it delivers services and technology solutions under those contracts. Revenue is largely generated from the following streams: (1) Services-based contracting: CACI provides personnel- and expertise-driven offerings such as intelligence analysis support, cybersecurity operations, software development, systems engineering, and IT/mission support. These are commonly delivered under long-term prime contracts or as a subcontractor/teammate on larger programs, with revenue tied to labor hours, deliverables, or achievement of contractual milestones depending on contract type. (2) Technology and solution delivery: CACI also earns revenue from designing, building, integrating, and sustaining systems (e.g., networked and mission systems, cyber and information solutions, and related modernization efforts). These engagements can include hardware/software integration, custom solution development, and ongoing sustainment and operations support, with revenue recognized as performance obligations are satisfied. (3) Contract vehicles and recompetes: A meaningful driver of ongoing revenue is winning positions on U.S. government contract vehicles (e.g., IDIQ and similar frameworks) and then securing task orders under those vehicles; recompeting and renewing expiring work is another major contributor to revenue continuity. (4) Acquisitions and contract backlog: CACI historically supplements organic growth with acquisitions that add capabilities, customers, and contract vehicles; the resulting funded backlog and awarded task orders provide visibility into future revenue as work is executed. Key factors influencing earnings include the mix of contract types (e.g., cost-reimbursable, time-and-materials, and fixed-price), the ability to win and execute large mission programs, maintaining high contract renewal and task-order win rates, and meeting performance requirements that support award fees or favorable past-performance ratings. Specific material partnerships are not reliably identifiable from publicly available information at a universal level; therefore, partnership details are null.

Caci International Financial Statement Overview

Summary

Overall fundamentals are solid: profitable at scale (~$9B TTM revenue) with steady EBITDA margin (~11.4%) and decent ROE (~13%). Offsetting this, leverage is a meaningful watch item and free cash flow recently declined (~19% TTM), reducing financial flexibility versus prior periods.

Income Statement

TTM (Trailing-Twelve-Months) revenue is $9.0B with strong reported growth (about 136%), and profitability remains solid for an IT services business (EBITDA margin ~11.4%, net margin ~5.7%). Margins have been fairly steady over time, but they have not meaningfully expanded versus prior years and remain in a mid-single-digit net range, which limits upside if costs rise.

Balance Sheet

The company shows healthy profitability on equity (TTM return on equity ~13%), and equity has grown versus earlier years, supporting balance-sheet resilience. However, leverage is a notable watch item: debt-to-equity has generally been elevated (mid-0.5x to mid-0.8x in the annual data), implying less flexibility if rates stay higher or acquisitions/integration require more capital.

Cash Flow

Cash generation is positive with TTM (Trailing-Twelve-Months) operating cash flow of ~$558M and free cash flow of ~$496M, and free cash flow is high relative to net income (~0.90x), suggesting earnings convert well to cash. The key weakness is the recent free-cash-flow decline (TTM down ~19%) and only moderate cash coverage relative to accounting profits in the provided data, pointing to some working-capital or timing volatility.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	8.98B	8.63B	7.66B	6.70B	6.20B	6.04B
Gross Profit	821.79M	764.18M	649.71M	567.50M	496.33M	539.45M
EBITDA	1.04B	959.31M	791.85M	709.06M	631.01M	664.81M
Net Income	518.38M	499.83M	419.92M	384.74M	366.79M	457.44M
Balance Sheet
Total Assets	8.93B	8.65B	6.80B	6.60B	6.63B	6.17B
Cash, Cash Equivalents and Short-Term Investments	422.98M	106.18M	133.96M	115.78M	114.80M	88.03M
Total Debt	3.39B	3.34B	1.92B	2.07B	2.12B	2.16B
Total Liabilities	4.80B	4.75B	3.28B	3.38B	3.58B	3.51B
Stockholders Equity	4.14B	3.89B	3.52B	3.22B	3.05B	2.67B
Cash Flow
Free Cash Flow	683.41M	481.41M	433.64M	324.34M	670.99M	519.09M
Operating Cash Flow	711.57M	547.01M	497.33M	388.06M	745.55M	592.22M
Investing Cash Flow	-203.62M	-1.76B	-151.95M	-75.72M	-689.15M	-426.65M
Financing Cash Flow	-428.39M	1.18B	-326.89M	-316.11M	-21.21M	-190.60M

Caci International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 612.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CACI, the sentiment is Positive. The current price of 612.93 is above the 20-day moving average (MA) of 603.67, above the 50-day MA of 607.33, and above the 200-day MA of 536.94, indicating a bullish trend. The MACD of 2.76 indicates Negative momentum. The RSI at 52.41 is Neutral, neither overbought nor oversold. The STOCH value of 40.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CACI.

Caci International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKHY	77 Outperform	$12.04B	26.50	23.75%	1.25%	7.75%	20.42%
CACI	74 Outperform	$13.54B	23.70	13.16%	―	12.61%	11.85%
LDOS	73 Outperform	$21.36B	16.69	31.07%	0.87%	6.48%	22.17%
EPAM	70 Outperform	$7.39B	30.32	10.27%	―	14.26%	-15.49%
SAIC	64 Neutral	$4.11B	13.47	23.73%	1.69%	-0.38%	31.38%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KD	53 Neutral	$2.83B	26.53	20.43%	―	-1.90%	―

Caci International Corporate Events

CACI International Expands Senior Notes to Term Out Acquisition Debt

On March 12, 2026, CACI International Inc entered into a second supplemental indenture and completed a $500 million private offering of unsecured senior notes due 2033, issued as an additional series to its existing 6.375% senior notes, bringing the total outstanding under this issuance to $1.5 billion. The notes, guaranteed on a senior unsecured basis by subsidiary guarantors, were sold to qualified institutional buyers under Rule 144A and bear interest at 6.375%, payable semi-annually, with maturity on June 15, 2033.

CACI received approximately $518 million in net proceeds, which it plans to use to repay borrowings under its revolving credit facility that funded part of the ARKA Group L.P. acquisition and related costs, effectively terming out acquisition debt and locking in long-term funding. The indenture governing the notes includes customary covenants and events of default that allow the trustee or holders of at least 30% of the outstanding notes to accelerate payment upon specified breaches, shaping CACI’s leverage profile and financial flexibility over the life of the securities.

The most recent analyst rating on (CACI) stock is a Buy with a $697.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.

CACI International Closes ARKA Group Acquisition and Financing

On March 9, 2026, CACI International Inc and certain subsidiaries amended their Term Loan B credit agreement to add an $800 million Incremental Term B-2 loan tranche maturing in 2033, secured by substantially all company and material domestic subsidiary assets. The floating-rate term loans, together with draws on CACI’s revolving credit facility and cash on hand, funded the cash consideration and transaction costs for its acquisition of ARKA Group L.P.

Also on March 9, 2026, CACI’s federal subsidiary completed the previously announced $2.6 billion all-cash purchase of ARKA Group, a provider of electro-optical/infrared and hyperspectral imaging and agentic AI-based software used for geospatial intelligence in national security missions. The deal immediately expands CACI’s space-based sensor portfolio, strengthens its position in multi-source intelligence, and advances its strategy to deliver integrated space and ground capabilities in a domain with high technical barriers to entry.

The most recent analyst rating on (CACI) stock is a Hold with a $654.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.

CACI Prices Notes to Fund Planned ARKA Acquisition

On February 26, 2026, CACI International Inc said it had priced a private offering of an additional $500 million in unsecured 6.375% senior notes due 2033, to be issued as part of the same series as notes first sold in June 2025. The notes are being marketed primarily to qualified institutional buyers in the U.S. under Rule 144A and to certain investors abroad under Regulation S, and are not registered under the Securities Act.

The offering, expected to close on March 12, 2026, will help finance CACI’s planned acquisition of ARKA Group L.P., alongside borrowings under its credit facilities and existing cash. If the acquisition does not close at the same time as the notes issuance, the gross proceeds will be placed in escrow and are subject to a special mandatory redemption at par plus accrued interest if the deal ultimately fails to complete, seeking to balance funding certainty for CACI with protections for noteholders.

The most recent analyst rating on (CACI) stock is a Hold with a $646.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.

CACI International Prices Notes to Fund ARKA Acquisition

On February 26, 2026, CACI International Inc announced it had launched a private offering of $500 million in additional unsecured senior notes due 2033, to be issued as part of the same 6.375% note series first sold in June 2025. The notes are being marketed to qualified institutional buyers in the U.S. under Rule 144A and to non-U.S. investors under Regulation S, expanding the company’s existing debt stack in the long-dated portion of its capital structure.

CACI plans to use the proceeds, alongside borrowings under its revolving credit facility, an incremental term loan B and cash on hand, to finance all or part of the purchase price for its acquisition of ARKA Group L.P. and associated transaction costs. If the acquisition does not close at the same time as the offering, the gross proceeds will be placed in escrow and the notes will be subject to a special mandatory redemption at par plus accrued interest if the deal ultimately fails to complete, tying the new issuance closely to the execution of CACI’s M&A strategy while limiting risk to noteholders.

The most recent analyst rating on (CACI) stock is a Buy with a $654.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.

CACI International Strengthens Board With Two New Directors

On December 24, 2025, longtime director William L. Jews notified CACI International that he would resign from its board effective December 31, 2025, after nearly 13 years of service, with the company emphasizing that his departure did not stem from any disagreement over operations, policies, or practices. On December 29, 2025, the board moved to fill the vacancies created by Jews’ resignation and the July 2025 death of director Michael A. Daniels by appointing retired U.S. Navy Admiral Michael Gilday and former Northrop Grumman chief financial officer David Keffer as independent directors, effective January 1, 2026, in a move that bolsters CACI’s board with deep military, cyber, and financial leadership experience as the company positions itself to address evolving national security threats and enhance shareholder value; both appointees will serve until the next annual shareholders’ meeting and will receive the standard compensation for non-employee directors.

The most recent analyst rating on (CACI) stock is a Buy with a $607.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.

Caci International Extends Receivables Financing Agreement for Flexibility

On December 19, 2025, CACI, Inc. – Federal and certain subsidiaries entered into a seventh amendment to their Master Accounts Receivable Purchase Agreement with MUFG Bank and other purchasers, extending the agreement’s scheduled termination date by one year to December 18, 2026 and adjusting certain commercial terms. The move effectively preserves and refines an existing receivables-based funding channel, helping maintain financial flexibility that supports CACI’s government contracting operations and providing continued visibility and stability for stakeholders reliant on the company’s access to this form of working capital financing.

The most recent analyst rating on (CACI) stock is a Buy with a $607.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.

CACI International to Acquire ARKA Group for Growth

On December 19, 2025, CACI’s federal subsidiary entered into a definitive agreement to acquire ARKA Group L.P., a space-focused national security contractor, in an all-cash deal valued at $2.6 billion, with closing targeted for the third quarter of CACI’s 2026 fiscal year pending regulatory approvals. ARKA, known for its space-based sensor portfolio, ground-based software processing, and optical, analytics, and secure communications technologies, is expected to bolster CACI’s capabilities in space-based sensing and actionable intelligence, strengthen its position with U.S. intelligence and defense customers, and support long-term growth in cash flow and shareholder value; CACI plans to fund the transaction through cash on hand, its revolving credit facility, and additional debt financing, backed by a $1.3 billion senior secured bridge loan commitment from Wells Fargo.

The most recent analyst rating on (CACI) stock is a Hold with a $642.00 price target. To see the full list of analyst forecasts on Caci International stock, see the CACI Stock Forecast page.