Icf International (ICFI) AI Stock Analysis

• Market Cap: $1.58B
• Dividend Yield: 0.65%
• Average Volume (3M): 175.88K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.37
• Revenue Growth: 1.95%
• EPS Growth: 17.98%
• Country: US
• Employees: 9,000
• Sector: Industrials
• Sector Strength: 85
• Industry: Consulting Services
• EPS (TTM): 1.94
• Shares Outstanding: 18,411,116
• 10 Day Avg. Volume: 165,882
• 30 Day Avg. Volume: 175,878
• PEG Ratio: 2.10
• Price to Book (P/B): 2.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 26.71
• Enterprise Value/Market Cap: 1.28
• Enterprise Value/Revenue: 0.25
• Enterprise Value/Gross Profit: 2.80
• Enterprise Value/Ebitda: 2.34
• 1Y Price Target: $108.33
• Price Target Upside: 27.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 68 Neutral
• Price Target: $93.00 ▲(9.57%Upside)

ICF International's overall score reflects strong financial performance and growing revenue in commercial sectors, offset by challenges in the federal sector. The technical indicators are mixed, and valuation is moderate. The earnings call provided a balanced view with positive developments in specific sectors, though federal revenue challenges remain significant.

Positive Factors

Commercial Energy Growth

The company’s commercial energy markets business continued to be a standout performer, as its revenue increased 21% year-over-year, driven by strong demand from utility clients.

Earnings

Non-GAAP EPS increased 10% year-over-year to $1.94, outperforming the estimate of $1.70 and the consensus of $1.73, benefiting from a one-time tax benefit.

Profit Margins

Margins continue to expand as the more profitable commercial energy business becomes a larger proportion of the overall revenue stream.

Negative Factors

Contract Cancellations

Approximately $115 million of estimated 2025 revenue has been impacted by stop-work orders and contract terminations in the federal market.

Federal Revenue Decline

Federal government client market, which constitutes 49% of revenue, experienced a revenue decline of -12.6% year-over-year, impacted by contract funding curtailments and fewer new contract opportunities.

Federal Spending Cuts

A fiscal budget proposal outlines significant discretionary spending cuts to federal environmental, education, renewable energy, and foreign aid programs, exemplifying the rapidly changing nature of the environment ICF must navigate.

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 primarily generates revenue through service contracts with government and commercial clients. The company operates under a consulting and solutions-based revenue model, with key revenue streams stemming from long-term contracts and projects in various sectors such as energy, environment, and public health. ICF's earnings are significantly influenced by its ability to secure government contracts, given its strong presence in the public sector. Additionally, the company benefits from strategic partnerships and alliances that enhance its service offerings and technological capabilities, further contributing to its revenue growth.

Icf International Financial Statement Overview

Summary

ICF International demonstrates strong revenue growth and profitability with a stable balance sheet and solid cash flow generation. However, there is room for improvement in free cash flow growth.

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
2.01B	2.02B	1.96B	1.78B	1.55B	1.51B
	Gross Profit
725.74M	737.77M	698.22M	645.54M	573.48M	534.47M
	EBIT
163.66M	165.84M	132.32M	108.76M	110.94M	89.11M
	EBITDA
216.78M	214.88M	196.97M	157.18M	150.81M	122.04M
	Net Income Common Stockholders
109.70M	110.17M	82.61M	64.24M	71.13M	54.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.72M	4.96M	9.45M	11.26M	8.25M	13.84M
	Total Assets
2.08B	2.07B	2.01B	2.09B	1.85B	1.67B
	Total Debt
687.19M	602.27M	642.67M	776.39M	648.31M	452.18M
	Net Debt
681.47M	597.31M	636.31M	765.13M	640.06M	438.34M
	Total Liabilities
1.11B	1.08B	1.09B	1.24B	1.05B	920.33M
	Stockholders Equity
968.87M	982.46M	917.59M	853.21M	803.47M	746.96M
Cash Flow		Free Cash Flow
128.85M	150.11M	130.05M	137.73M	90.27M	155.46M
	Operating Cash Flow
148.51M	171.54M	152.38M	162.21M	110.20M	173.15M
	Investing Cash Flow
-74.75M	-74.81M	-3.67M	-258.84M	-194.48M	-270.95M
	Financing Cash Flow
-54.71M	-86.90M	-152.59M	90.37M	23.23M	169.96M

Icf International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 84.88
• 50DMA: Positive
• 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 84.88 is below the 20-day moving average (MA) of 85.42, above the 50-day MA of 84.70, and below the 200-day MA of 119.95, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 48.41 is Neutral, neither overbought nor oversold. The STOCH value of 57.87 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
ARCB	73 Outperform	$1.59B	9.15	14.25%	0.69%	-5.69%	51.78%
TNC	69 Neutral	$1.39B	20.86	11.04%	1.59%	1.35%	-40.63%
VVX	69 Neutral	$1.41B	34.02	4.10%	―	7.38%	―
GBX	68 Neutral	$1.43B	7.23	14.69%	2.80%	-5.79%	82.71%
ICFI	68 Neutral	$1.58B	14.77	11.64%	0.65%	1.95%	17.98%
Sector *	66 Neutral	$4.49B	12.22	5.40%	3.71%	4.17%	-11.97%
PBI	58 Neutral	$1.91B	40.91	35.20%	2.66%	-29.43%	―

Icf International Corporate Events

ICF International Holds Annual Stockholders Meeting

On June 4, 2025, ICF International, Inc. held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s leadership and financial oversight. The stockholders elected three directors for terms expiring in 2028, approved executive compensation, and appointed Grant Thornton LLP as the independent registered public accountant for the fiscal year 2025. These decisions are expected to influence the company’s governance and financial strategies moving forward.

The most recent analyst rating on (ICFI) stock is a Hold with a $85.00 price target. To see the full list of analyst forecasts on Icf International stock, see the ICFI Stock Forecast page.