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Consulting and technology services firm providing research, program implementation and IT services mainly to US government agencies.
Consulting and technology services firm providing research, program implementation and IT services mainly to US government agencies.
Is paid mostly on contracts that bill for staff time or reimburse costs plus a fee, so how fully staff are used and winning contract renewals drive results. Disaster recovery work, running federally funded housing-aid programmes for states after hurricanes and floods, is a distinctive line, and federal budgets set the pace.
Moat: narrow (regulatory licence, customer qualification, scale). Long government relationships and security clearances create high barriers versus new entrants.
Headquarters: Reston, Virginia · Founded: 1969 · Employees: 8,400
Size ICF International (ICFI) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $1.43B, the 2028th largest of 3,117 United States companies the cockpit tracks. Shares closed at $79.68 on 6 Nov 2026.
Performance Over six months the shares gained 14.5%, against -7.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +8.9%); the operating margin is 8.1% (peer median 7.6%).
Valuation It trades at 10.8× forward earnings against a peer median of 15.5× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points above its cost of capital (6.6% WACC).
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.82B | $1.87B | $2.02B | $1.96B | $1.78B |
| Revenue growth | — | -7% | +3% | +10% | — |
| Gross profit | $621M | $638M | $684M | $637M | $598M |
| EBITDA | $202M | $210M | $221M | $202M | $200M |
| Net income | $88.5M | $91.6M | $110M | $82.6M | $64.2M |
| Free cash flow | $199M | $120M | $150M | $130M | $138M |
| Capital expenditure | $21.0M | $21.7M | $21.4M | $22.3M | $24.5M |
| Total debt | $565M | $571M | $602M | $643M | $776M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ICF International ICFI | $1.43B | +14% | -8% | 8% | 10.8× | -2.2% |
| Booz Allen Hamilton BAH | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
| MAXIMUS MMS | $3.43B | +2% | -3% | 11% | 7.9× | -8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ICFI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | -3.5% | 9th lowest of 21 |
| 6-month return | +14.5% | -7.7% | 5th highest of 21 |
| Distance from 52-week high | -20.8% | -37.2% | 6th highest of 21 |
| Revenue growth (TTM) | -7.9% | +8.9% | 4th lowest of 21 |
| Operating margin | 8.1% | 7.6% | 10th highest of 21 |
| Forward P/E | 10.8× | 15.5× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -2.2% | 5.4% | 6th least demanding of 15 |
| Growth delivered (Del g) | +4.4% | +12.6% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | -6.6 pp | -9.3 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | +1.1 pp | -3.3 pp | 8th highest of 20 |
| EV / EBITDA | 9.3× | 8.4× | 4th most expensive of 11 |
| Net debt / EBITDA | 2.3× | 1.2× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ICF International ICFI | United States | $1.43B | +14% | -8% | 8% | 10.8× | -2.2% | +4.4% |
| Derichebourg DBG.PA | France | $1.42B | -24% | -3% | 5% | 8.9× | 6.8% | +6.3% |
| China National Electric Apparatus Research Institute 688128.SS | China | $1.42B | -12% | +8% | 11% | 15.5× | 4.0% | +13.5% |
| Siglent Technologies 688112.SS | China | $1.41B | -5% | +30% | 24% | 46.2× | 31.3% | +22.0% |
| Concord Biotech CONCORDBIO.NS | India | $1.40B | +2% | +4% | 28% | 38.2× | 47.1% | +11.6% |
| Suzhou Recodeal Interconnect System 688800.SS | China | $1.47B | -55% | +5% | 9% | 28.7× | 26.1% | +38.9% |
| Wintech Nano (Suzhou) 688757.SS | China | $1.39B | -18% | +23% | 7% | n/a | n/a | n/a |
| Shanghai Medicilon 688202.SS | China | $1.47B | +18% | +42% | -2% | 91.8× | n/a | n/a |
| China Security 600654.SS | China | $1.39B | -31% | -30% | -1% | n/a | 56.7% | +0.4% |
| Taiwan Secom 9917.TW | Taiwan | $1.47B | -8% | +3% | 16% | 14.2× | -2.3% | +6.7% |
| SBS 2384.T | Japan | $1.38B | +32% | +22% | 6% | 14.1× | -8.2% | +13.8% |
| Shenzhen Ampron Technology 301413.SZ | China | $1.48B | -7% | +11% | 2% | 423.6× | n/a | n/a |
| Shanghai Foreign Service 600662.SS | China | $1.49B | -14% | +1% | 2% | 13.8× | -20.6% | +1.9% |
| Clarivate CLVT | United States | $1.50B | -16% | -9% | 8% | 3.8× | 13.4% | +14.4% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | n/a | n/a | n/a |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 12.7× | -2.2% | +6.3% |
| Changchun Up Optotech 002338.SZ | China | $1.34B | -39% | +22% | 2% | 43.4× | n/a | n/a |
| TKC 9746.T | Japan | $1.34B | +21% | +14% | 22% | 18.1× | -9.9% | +4.2% |
| Nittetsu Mining 1515.T | Japan | $1.34B | +10% | +13% | 9% | n/a | n/a | n/a |
| Central Mine Planning & Design Institute CMPDI.NS | India | $1.34B | -15% | +10% | 33% | n/a | 4.0% | +18.7% |
| Moltiply MOL.MI | Italy | $1.53B | +6% | +32% | 15% | 14.6× | 10.8% | +21.0% |