Caci International (CACI)
NYSE:CACI
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Caci International
(NYSE:CACI)
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Rating:74Outperform
Price Target:
$609.00
▲(8.13% Upside)
Action:ReiteratedDate: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
Backlog & funded backlog
A $33B backlog with funded backlog up 7% and award durations over six years gives multi-year revenue visibility. This durable contract runway reduces near-term revenue volatility, supports planning for headcount and capital allocation, and underpins predictable cash conversion over several years.
Negative Factors
Near-term leverage spike
A planned jump to ~4.3x net leverage after the ARKA close materially increases financial risk in the near term. Higher leverage raises interest expense sensitivity, limits strategic flexibility, and makes the company more exposed to award timing or cash-flow hiccups while it works to delever over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Backlog & funded backlog
A $33B backlog with funded backlog up 7% and award durations over six years gives multi-year revenue visibility. This durable contract runway reduces near-term revenue volatility, supports planning for headcount and capital allocation, and underpins predictable cash conversion over several years.
Read all positive factors
Caci International (CACI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.80B
Dividend YieldN/A
Average Volume (3M)237.17K
Price to Earnings (P/E)23.7
Beta (1Y)0.44
Revenue Growth12.61%
EPS Growth11.85%
CountryUS
Employees25,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)6.81
Shares Outstanding22,085,773
10 Day Avg. Volume187,756
30 Day Avg. Volume237,172
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)2.72
Price to Sales (P/S)1.23
P/FCF Ratio22.03
Enterprise Value/Market Cap1.25
Enterprise Value/Revenue1.64
Enterprise Value/Gross Profit17.97
Enterprise Value/Ebitda14.19
Forecast
1Y Price Target
$706.00Price Target Upside25.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)28.69
Revenue Forecast (FY)$9.51B
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 fe...
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 contra...
Caci International Earnings Call Summary
Earnings Call Date:Jan 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call communicated strong operational and financial performance (qtr revenue growth, improved margin, higher free cash flow, raised FY guidance, larger technology mix and robust backlog/pipeline) while acknowledging near-term timing and timing-related risks from the government shutdown, award cadence/protests, and a temporary increase in leverage tied to the ARCA acquisition. Management presented these challenges as manageable and reflected them in guidance while emphasizing long-term growth opportunities, particularly in electronic warfare, enterprise technology, and government modernization programs.Positive Updates
Revenue Growth in Q2
Generated $2.2B in revenue in Q2, up 5.7% year-over-year, with 4.5% organic growth.
Negative Updates
Government Shutdown Impacted Timing
Protracted government shutdown caused uneven post-shutdown activity, delayed program timing and government material purchases in Q2, contributing to a lower quarterly book-to-bill of 0.65x.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth in Q2
Generated $2.2B in revenue in Q2, up 5.7% year-over-year, with 4.5% organic growth.
Read all positive updates
Company Guidance
CACI raised fiscal 2026 guidance, now calling for revenue of $9.3–$9.5 billion (total growth 7.8%–10.1%, including just under 2 points from acquisitions), an EBITDA margin of 11.7%–11.8%, adjusted net income of $630–$645 million, adjusted EPS of $28.25–$28.92 (up 7%–9%), and free cash flow of at least $725 million (implying ~65% growth in free cash flow per share); management said Q3 revenue is aligned with consensus and second‑half EBITDA margin should mirror the first half. These targets rest on strong Q2 results (revenue $2.2B, +5.7% y/y and +4.5% organic; EBITDA margin 11.8%, +70 bps y/y; adjusted EPS $6.81, +14%; FCF $138M; DSO 57 days), healthy backlog ($33B, +3% y/y; funded backlog +7%; weighted average award duration >6 years), awards of $1.4B in the quarter (book‑to‑bill 0.65x Q2, 1.4x H1, 1.3x TTM), a $6B pipeline under evaluation plus ~$20B of bids expected over the next two quarters (70%+ new business), and a Q2 net leverage of 2.4x (expected to rise to ~4.3x on ARCA close and return to the low threes within six quarters).Caci International Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
66
Positive
| 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
Negative
563.21
Price Trends
595.64
Negative
592.99
Negative
547.82
Positive
Market Momentum
-9.67
Positive
42.28
Neutral
57.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CACI, the sentiment is Negative. The current price of 563.21 is below the 20-day moving average (MA) of 583.80, below the 50-day MA of 595.64, and above the 200-day MA of 547.82, indicating a neutral trend. The MACD of -9.67 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 57.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CACI.
Caci International Risk Analysis
Caci International disclosed 36 risk factors in its most recent earnings report. Caci International reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Caci International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $11.80B | 23.70 | 13.16% | ― | 12.61% | 11.85% | |
74 Outperform | $11.07B | 26.50 | 23.75% | 1.25% | 7.75% | 20.42% | |
68 Neutral | $6.46B | 30.32 | 10.27% | ― | 14.26% | -15.49% | |
68 Neutral | $3.98B | 13.47 | 23.73% | 1.69% | -0.38% | 31.38% | |
68 Neutral | $19.25B | 16.69 | 31.07% | 0.87% | 6.48% | 22.17% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $2.76B | 26.53 | 20.43% | ― | -1.90% | ― |
* Technology Sector Average
CACI
Caci International
534.49
121.80
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LDOS
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KD
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12.23
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Caci International Corporate Events
Business Operations and StrategyPrivate Placements and Financing
CACI International Expands Senior Notes to Term Out Acquisition Debt
Positive
Mar 12, 2026
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 t...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
CACI International Closes ARKA Group Acquisition and Financing
Positive
Mar 9, 2026
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 subs...
M&A TransactionsPrivate Placements and Financing
CACI Prices Notes to Fund Planned ARKA Acquisition
Positive
Feb 26, 2026
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 bei...
M&A TransactionsPrivate Placements and Financing
CACI International Prices Notes to Fund ARKA Acquisition
Positive
Feb 26, 2026
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 bei...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.