Icf International (ICFI) AI Stock Analysis

• Market Cap: $1.62B
• Dividend Yield: 0.64%
• Average Volume (3M): 165.94K
• Price to Earnings (P/E): 15.3
• Beta (1Y): 0.44
• Revenue Growth: -0.47%
• EPS Growth: 10.03%
• Country: US
• Employees: 9,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 1.66
• Shares Outstanding: 18,428,490
• 10 Day Avg. Volume: 156,575
• 30 Day Avg. Volume: 165,939
• PEG Ratio: 0.60
• Price to Book (P/B): 2.27
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 14.89
• Enterprise Value/Market Cap: 1.34
• Enterprise Value/Revenue: 1.10
• Enterprise Value/Gross Profit: 2.97
• Enterprise Value/Ebitda: 10.18
• 1Y Price Target: $97.50
• Price Target Upside: 10.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 71 Outperform
• Price Target: $100.00 ▲(13.46% Upside)

ICF International's overall score reflects stable financial performance and reasonable valuation, tempered by technical indicators suggesting potential bearish momentum. The earnings call provided a positive outlook for commercial energy growth, but challenges in federal revenues and overall revenue decline are significant concerns.

Positive Factors

Commercial Energy Growth

The strong growth in commercial energy indicates a robust demand for energy efficiency programs, positioning ICFI well in the evolving energy sector.

International Government Growth

Growth in international government contracts suggests expanding global presence and diversification, reducing reliance on domestic markets.

Strong Cash Management

Improved cash management enhances financial flexibility, supporting strategic investments and operational resilience.

Negative Factors

Federal Revenue Decline

Declining federal revenues could impact ICFI's stability, given the significant portion of business from government contracts.

Overall Revenue Decline

A decline in overall revenue suggests potential challenges in maintaining growth momentum, impacting long-term financial performance.

Free Cash Flow Growth Decline

Declining free cash flow growth could constrain future investments and shareholder returns, affecting long-term strategic initiatives.

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 primarily through consulting contracts and project-based work. The company earns money by providing services that include program management, policy analysis, and technical assistance to clients across various sectors. Key revenue streams include federal government contracts, where ICFI partners with agencies on projects related to energy efficiency, climate change, and public health initiatives. Additionally, ICFI generates income from its commercial clients in industries such as transportation, health, and environmental services. The company also benefits from strategic partnerships with other firms and organizations, which can enhance its service offerings and expand its market reach. Overall, ICFI's diversified service portfolio and established reputation in consulting enable it to maintain a steady flow of revenue.

Icf International Financial Statement Overview

Summary

ICF International exhibits strong revenue growth and profitability with stable net profit margins and a healthy balance sheet. However, cash flow growth shows inconsistency, indicating room for improvement.

Income Statement

ICF International has demonstrated a strong revenue growth over the years, with revenue increasing from $1.50 billion in 2020 to $2.01 billion in TTM 2025. The gross profit margin has also shown improvement, reaching 51.1% in TTM, indicating effective cost management. The net profit margin is stable at around 5.4%, reflecting consistent profitability. However, the EBIT margin has seen fluctuations but remains healthy at 8.1% in TTM. The EBITDA margin is also stable at 10.4%, showcasing solid operational performance.

Balance Sheet

The company's balance sheet highlights a moderate debt-to-equity ratio of 0.71 in TTM, which suggests a balanced leverage position. The return on equity (ROE) is strong at 11.3%, indicating efficient use of equity to generate profits. However, the equity ratio is at 46.7%, pointing to a moderate level of equity financing relative to assets. Overall, the balance sheet is stable with manageable debt levels.

Cash Flow

ICF International has shown a positive trend in its free cash flow, although the growth rate has been inconsistent. The operating cash flow to net income ratio of 1.35 in TTM indicates robust cash generation relative to net income. However, the free cash flow to net income ratio has decreased slightly, reflecting increased capital expenditure needs. Despite these fluctuations, the company's cash flow position remains solid with consistent generation of free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.98B	2.02B	1.96B	1.78B	1.55B	1.51B
Gross Profit	733.98M	737.77M	698.22M	645.54M	573.48M	534.47M
EBITDA	214.25M	221.12M	196.97M	157.18M	150.81M	122.04M
Net Income	107.75M	110.17M	82.61M	64.24M	71.13M	54.96M
Balance Sheet
Total Assets	2.07B	2.07B	2.01B	2.09B	1.85B	1.67B
Cash, Cash Equivalents and Short-Term Investments	26.89M	4.96M	9.45M	11.26M	8.25M	13.84M
Total Debt	644.24M	602.27M	642.67M	776.39M	648.31M	452.18M
Total Liabilities	1.07B	1.08B	1.09B	1.24B	1.05B	920.33M
Stockholders Equity	1.00B	982.46M	917.59M	853.21M	803.47M	746.96M
Cash Flow
Free Cash Flow	119.59M	150.11M	130.05M	137.73M	90.27M	155.46M
Operating Cash Flow	139.83M	171.54M	152.38M	162.21M	110.20M	173.15M
Investing Cash Flow	-74.93M	-74.81M	-3.67M	-258.84M	-194.48M	-270.95M
Financing Cash Flow	-43.93M	-86.90M	-152.59M	90.37M	23.23M	169.96M

Icf International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 88.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 88.14 is below the 20-day moving average (MA) of 90.01, below the 50-day MA of 94.10, and below the 200-day MA of 92.57, indicating a bearish trend. The MACD of -1.35 indicates Negative momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of 53.75 is Neutral, 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
CRAI	―	$1.20B	22.15	29.05%	1.07%	9.28%	44.19%
FCN	―	$5.25B	21.62	13.30%	―	-0.95%	-10.54%
HURN	―	$2.64B	26.63	21.55%	―	8.99%	35.56%
ICFI	―	$1.62B	15.32	11.09%	0.64%	-0.47%	10.03%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RGP	―	$149.92M	-0.79	-61.44%	9.59%	-10.83%	-1669.11%
FORR	―	$169.08M	―	-44.74%	―	-9.11%	-6082.17%

Icf International Corporate Events

ICF International to Attend Canaccord Genuity Conference

ICF International announced its participation in the Canaccord Genuity 45th Annual Growth Conference on August 13, 2025, in Boston. The company’s CEO, John Wasson, and EVP, Anne Choate, will engage in a fireside chat, which will be accessible via a live webcast, highlighting ICF’s ongoing engagement with industry stakeholders.

The most recent analyst rating on (ICFI) stock is a Buy with a $185.00 price target. To see the full list of analyst forecasts on Icf International stock, see the ICFI Stock Forecast page.

ICF International’s Earnings Call: Mixed Outlook with Growth Opportunities

The recent earnings call from ICF International presented a mixed outlook, highlighting both opportunities and challenges. The company reported strong growth in its commercial and non-federal government segments, which helped offset significant declines in federal revenues. Effective cost management and a robust book-to-bill ratio were emphasized, indicating a stable future outlook. However, challenges in the federal market and uncertainties in disaster management were noted as potential risks.

ICF International Reports Strong Q2 2025 Results

ICF International is a global solutions and technology provider specializing in energy efficiency, digital transformation, and disaster management, serving both public and private sectors. In its second quarter of 2025, ICF International reported a 27% increase in commercial energy revenue, maintaining its full-year guidance and projecting a return to growth in 2026. The company’s revenue for the quarter was $476 million, with a net income of $24 million. ICF’s commercial revenue saw a significant rise, driven by its leadership in energy efficiency programs, while federal government revenue faced challenges due to contract funding curtailments. The company achieved a book-to-bill ratio of 1.30 with $621 million in contract awards, indicating strong future business prospects. Looking ahead, ICF remains optimistic about its performance, expecting stable revenues from state and local governments and continued demand from commercial energy clients, positioning itself for growth in 2026.

ICF International Declares Quarterly Dividend Amid Revenue Growth

On July 31, 2025, ICF International’s Board of Directors declared a quarterly dividend of $0.14 per share, payable on October 10, 2025. The company’s second quarter results for 2025 showed a 27% revenue growth in commercial energy, with total revenue reaching $476 million. Despite a decline in federal government revenue, ICF maintained strong performance in non-federal sectors, leading to a robust contract award total of $621 million. The company continues to invest in growth markets and expand capabilities in AI and other technologies, with a positive outlook for future revenue and earnings growth.

The most recent analyst rating on (ICFI) stock is a Hold with a $155.00 price target. To see the full list of analyst forecasts on Icf International stock, see the ICFI Stock Forecast page.