Icf International (ICFI) AI Stock Analysis

• Market Cap: $1.55B
• Dividend Yield: 0.67%
• Average Volume (3M): 408.61K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 0.60
• Revenue Growth: 2.88%
• EPS Growth: 33.76%
• Country: US
• Employees: 9,000
• Sector: Industrials
• Sector Strength: 70
• Industry: Corporate Services
• EPS (TTM): 5.83
• Shares Outstanding: 18,436,146
• 10 Day Avg. Volume: 306,476
• 30 Day Avg. Volume: 408,608
• PEG Ratio: 0.43
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.77
• Price to Cash Flow (P/CF): 4.10
• P/FCF Ratio: 4.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $99.67
• Price Target Upside: 15.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

ICF International's stock score reflects a strong financial foundation and strategic initiatives that support long-term growth. However, technical analysis suggests caution with current market momentum, and potential risks in federal contracts could impact future performance. Valuation metrics indicate fair pricing, but low dividend yield offers limited income potential.

Positive Factors

Business Segments

The commercial energy markets business was a standout performer with revenue growth of 25.8% YOY, generating 22% of ICF's total revenue.

Revenue Growth

Q4/24 revenue of $496.3 million increased 3.8% YOY and exceeded the estimate of $493.6 million and the consensus of $494.2 million.

Shareholder Value

Given a solid balance sheet and operational footprint, it is believed that ICF will continue to drive shareholder value in 2025 beyond P&L performance, including stock buybacks and potentially opportunistic M&A.

Negative Factors

Federal Segment Pressure

The core federal segment business is under unprecedented pressure.

Government Contracts

The current presidential administration is canceling many federal government contracts, affecting ICF's core federal segment.

Government Spending

ICF's 2025 guidance reflects anticipated cutbacks in U.S. federal government spending, partially offset by growth projections among commercial, state and local government, and international clients.

Icf International Business Overview & Revenue Model

Company Description

ICF International, Inc. provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges. The company also identifies, defines, and implements policies, plans, programs, and business tools through a range of standard and customized methodologies for its clients; conducts survey research; collects and analyzes various data to understand critical issues and options for its clients; and provides actionable business intelligence, as well as information and data management solutions that allow integrated and purpose-driven data usage. In addition, it provides solutions to optimize the customer and citizen experience; modernizes IT systems; and cyber security solutions that support the range of cyber security missions and protect IT infrastructures in the face of relentless threats, as well as designs, develops, and implements technology systems and business tools that are principal to its clients' mission or business performance. Further, the company informs and engages its clients' constituents, customers, and employees through public relations, branding and marketing, multichannel and strategic communications, and reputation issues management. It serves energy, environment, and infrastructure; health, education, and social programs; safety and security; and consumer and financial markets. 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 Fairfax, Virginia.

How the Company Makes Money

ICF International generates revenue through a diversified business model that includes consulting services, technology solutions, and program management. A significant portion of the company's income is derived from contracts with government agencies, both in the United States and internationally, providing expertise in areas like cybersecurity, public health, and energy efficiency. Additionally, ICF collaborates with commercial clients, offering tailored solutions to enhance their business strategies and operational efficiencies. The company's earnings are further supported by strategic partnerships and acquisitions that expand its capabilities and market reach. Revenue is typically structured through long-term contracts, retainer agreements, and project-based engagements, ensuring a stable and recurring income stream.

Icf International Financial Statement Overview

Summary

ICF International demonstrates strong financial health with robust revenue growth and operational efficiency. Despite moderate net profit margins, the company has improved leverage and equity ratios. Positive trends in cash flow generation reinforce its liquidity and long-term sustainability in the corporate services industry.

Income Statement

Icf International has demonstrated strong revenue growth with a steady increase from $1.48B in 2019 to $2.02B in 2024, indicating a robust upward trajectory. The gross profit margin has been impressive, reaching 98.37% in 2024, reflecting efficient cost management. However, the net profit margin, while showing improvement, remains moderate at 5.45% for 2024. EBIT and EBITDA margins are solid, with the latter at 7.84% in 2024, indicating strong operational performance.

Balance Sheet

The debt-to-equity ratio has shown a decreasing trend, reaching 0.61 in 2024, indicating improved financial leverage. Return on equity has increased moderately to 11.21% in 2024, reflecting better profitability for shareholders. The equity ratio of 47.55% suggests a stable capital structure with a balanced approach to financing through debt and equity.

Cash Flow

Operating cash flow has shown consistent growth, reaching $171.54M in 2024, supporting strong liquidity. The free cash flow growth rate is positive, with a notable increase from $130.05M in 2023 to $150.11M in 2024. The operating cash flow to net income ratio stands at 1.56, reflecting efficient conversion of income into cash. However, the free cash flow to net income ratio of 1.36 suggests room for improvement in cash generation efficiency.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.02B	1.96B	1.78B	1.55B	1.51B
	Gross Profit
737.77M	698.22M	645.54M	573.48M	534.47M
	EBIT
165.84M	132.32M	108.76M	110.94M	89.11M
	EBITDA
221.12M	196.97M	157.18M	150.81M	122.04M
	Net Income Common Stockholders
110.17M	82.61M	64.24M	71.13M	54.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.96M	9.45M	11.26M	8.25M	13.84M
	Total Assets
2.07B	2.01B	2.09B	1.85B	1.67B
	Total Debt
602.27M	642.67M	776.39M	648.31M	452.18M
	Net Debt
597.31M	636.31M	765.13M	640.06M	438.34M
	Total Liabilities
1.08B	1.09B	1.24B	1.05B	920.33M
	Stockholders Equity
982.46M	917.59M	853.21M	803.47M	746.96M
Cash Flow		Free Cash Flow
150.11M	130.05M	137.73M	90.27M	155.46M
	Operating Cash Flow
171.54M	152.38M	162.21M	110.20M	173.15M
	Investing Cash Flow
-74.81M	-3.67M	-258.84M	-194.48M	-270.95M
	Financing Cash Flow
-86.90M	-152.59M	90.37M	23.23M	169.96M

Icf International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 85.99
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ICFI, the sentiment is Negative. The current price of 85.99 is above the 20-day moving average (MA) of 85.49, below the 50-day MA of 103.90, and below the 200-day MA of 137.87, indicating a bearish trend. The MACD of -4.94 indicates Negative momentum. The RSI at 35.14 is Neutral, neither overbought nor oversold. The STOCH value of 17.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ICFI.

Icf International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HURN	80 Outperform	$2.56B	22.67	21.32%	―	8.80%	97.52%
BAH	75 Outperform	$13.46B	15.85	75.34%	1.96%	14.07%	116.33%
CRAI	75 Outperform	$1.22B	26.75	21.96%	0.98%	10.17%	24.74%
TTEK	71 Outperform	$7.89B	30.66	16.05%	0.79%	11.02%	11.33%
MMS	69 Neutral	$3.79B	14.32	16.88%	1.80%	8.01%	53.64%
ICFI	66 Neutral	$1.55B	14.45	11.60%	0.67%	2.88%	33.76%
Sector *	62 Neutral	$8.33B	14.18	2.58%	3.07%	3.83%	-14.77%
EXPO	61 Neutral	$4.07B	37.87	28.05%	1.40%	4.05%	8.71%

Icf International Corporate Events

ICF International Expands Board with New Appointment

On March 6, 2025, ICF International announced the appointment of Caroline Angoorly to its board of directors, expanding the board from seven to eight members. Angoorly, with extensive experience in the energy, power market, infrastructure, and environment sectors, is expected to contribute significantly to ICF’s growth strategies and market positioning. Her appointment follows ICF’s strong performance in 2024, particularly in the commercial energy market, where the company has been expanding its demand side management, grid resilience, electrification, and flexible load management technologies and services.