Icf International (ICFI) AI Stock Analysis

• Market Cap: $1.41B
• Dividend Yield: 0.7%
• Average Volume (3M): 199.30K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.42
• Revenue Growth: -3.81%
• EPS Growth: -7.05%
• Country: US
• Employees: 9,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 1.67
• Shares Outstanding: 18,435,932
• 10 Day Avg. Volume: 197,901
• 30 Day Avg. Volume: 199,299
• 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: 1.63
• Enterprise Value/Revenue: 1.19
• Enterprise Value/Gross Profit: 3.20
• Enterprise Value/Ebitda: 10.98
• 1Y Price Target: $92.00
• Price Target Upside: 20.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 7.01
• Revenue Forecast (FY): $1.93B

• Rating: 64 Neutral
• Price Target: $83.00 ▲(8.51% Upside)

ICF International's overall stock score reflects solid financial performance and reasonable valuation. The most significant factor is the company's strong cash flow generation and stable profitability, despite challenges in revenue growth and leverage. Technical analysis indicates bearish momentum, which weighs on the score. The earnings call provided a balanced view of growth opportunities and challenges, particularly in the federal government segment.

Positive Factors

Cash Generation

Strong cash generation capabilities provide ICF International with the financial flexibility to invest in growth opportunities and manage debt effectively.

Commercial Energy Growth

The robust growth in commercial energy revenues indicates strong demand for ICFI's expertise in energy efficiency and grid resilience, supporting long-term revenue expansion.

Contract Awards and Pipeline

A strong pipeline and robust contract awards position ICFI for sustained growth, ensuring a steady flow of future projects and revenue.

Negative Factors

Federal Revenue Decline

The significant decline in federal revenues poses a challenge for ICFI, potentially impacting its overall revenue stability and growth prospects.

Government Shutdown Impact

The impact of government shutdowns on revenue highlights the vulnerability of ICFI's federal segment to political and fiscal disruptions.

Increased Tax Rate

A higher tax rate reduces net income and cash flow, potentially limiting ICFI's ability to reinvest in business operations and growth 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 demonstrates stable financial performance with consistent profitability and manageable leverage. However, the recent decline in revenue and free cash flow growth in the TTM period warrants attention.

Income Statement

ICF International shows a stable revenue base with a slight decline in the TTM period. The gross profit margin is healthy, although it has decreased from previous years. Net profit margin remains consistent, indicating stable profitability. However, the decline in revenue growth rate in the TTM period is a concern.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, which has improved over time, indicating better financial leverage management. Return on equity is stable, reflecting consistent profitability. The equity ratio suggests a balanced capital structure, but the high debt levels in previous years are a potential risk.

Cash Flow

Operating cash flow remains positive, but there is a decline in free cash flow growth in the TTM period. The operating cash flow to net income ratio is stable, indicating efficient cash generation relative to net income. However, the recent decline in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.93B	2.02B	1.96B	1.78B	1.55B	1.51B
Gross Profit	716.88M	737.77M	698.22M	645.54M	573.48M	534.47M
EBITDA	208.79M	221.12M	196.97M	157.18M	142.04M	122.04M
Net Income	98.84M	110.17M	82.61M	64.24M	71.13M	54.96M
Balance Sheet
Total Assets	2.11B	2.07B	2.01B	2.09B	1.85B	1.67B
Cash, Cash Equivalents and Short-Term Investments	3.99M	4.96M	9.45M	11.26M	8.25M	13.84M
Total Debt	623.95M	602.27M	642.67M	776.39M	648.31M	475.53M
Total Liabilities	1.09B	1.08B	1.09B	1.24B	1.05B	920.33M
Stockholders Equity	1.02B	982.46M	917.59M	853.21M	803.47M	746.96M
Cash Flow
Free Cash Flow	140.99M	150.11M	130.05M	137.73M	90.27M	155.46M
Operating Cash Flow	161.60M	171.54M	152.38M	162.21M	110.20M	173.15M
Investing Cash Flow	-75.57M	-74.81M	-3.67M	-258.84M	-194.48M	-270.95M
Financing Cash Flow	-40.53M	-86.90M	-152.59M	90.37M	23.23M	169.96M

Icf International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 76.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 76.49 is below the 20-day moving average (MA) of 82.87, below the 50-day MA of 89.02, and below the 200-day MA of 89.28, indicating a bearish trend. The MACD of -3.27 indicates Positive momentum. The RSI at 32.22 is Neutral, neither overbought nor oversold. The STOCH value of 11.00 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
FCN	75 Outperform	$5.17B	21.28	13.30%	―	-0.95%	-10.54%
HURN	73 Outperform	$2.80B	27.22	21.20%	―	12.50%	29.40%
CRAI	70 Outperform	$1.14B	20.65	27.83%	1.06%	8.69%	34.58%
ICFI	64 Neutral	$1.41B	14.55	9.88%	0.70%	-3.81%	-7.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RGP	51 Neutral	$151.93M	-0.80	-61.44%	7.69%	-10.83%	-1669.11%
FORR	42 Neutral	$143.50M	―	-43.39%	―	-8.73%	-1168.15%

Icf International Corporate Events

ICF International Navigates Growth and Challenges in Earnings Call

ICF International’s recent earnings call painted a picture of both robust growth and significant challenges. The company reported strong growth in non-federal client revenue and commercial energy business, alongside improved EBITDA margins and a solid pipeline of contract awards. However, the federal government segment faced notable difficulties due to contract cancellations and the impact of the government shutdown, compounded by delayed international contract ramp-ups and increased tax rates.

ICF International Reports Q3 2025 Financial Results

ICF International is a global solutions and technology provider specializing in a diverse range of services, including business analysis, digital strategy, and data science, serving both public and private sector clients. In its third quarter of 2025, ICF reported revenues of $465 million, with a notable increase in revenues from commercial clients and state, local, and international government clients, which now account for 57% of total revenues. The company also highlighted a 24% increase in revenues from commercial energy clients, driven by strong demand for its energy efficiency programs.

ICF International Announces Leadership Changes Amid Growth

ICF International reported its third quarter 2025 results, highlighting a 14% increase in revenues from commercial, state, local, and international government clients, which now account for 57% of total revenues. The company experienced robust growth in commercial energy client revenues, driven by strong demand for its energy efficiency programs. Despite a decline in U.S. federal government revenue, ICF maintained its margin expansion through effective cost management and a favorable business mix. The company announced executive leadership changes to support future growth, with James Morgan taking on the additional role of CFO and Anne Choate becoming president. ICF’s business development pipeline remains strong, with significant contract awards and a total backlog of $3.5 billion, positioning the company for a return to growth in 2026.

The most recent analyst rating on (ICFI) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Icf International stock, see the ICFI Stock Forecast page.

ICF International Announces Executive Leadership Changes

ICF International announced significant executive leadership changes effective January 1, 2026. Anne Choate will be appointed as President, succeeding John Wasson, and will focus on maximizing growth opportunities and expanding the use of technology and AI. James Morgan will assume the combined role of Chief Operating and Financial Officer, following Barry Broadus’s planned retirement as CFO. These changes are aimed at supporting ICF’s future growth and enhancing its operational excellence.

The most recent analyst rating on (ICFI) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Icf International stock, see the ICFI Stock Forecast page.