Icf Intl Inc Financials
This page shows Icf Intl Inc (ICFI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Strong cash conversion and low capital intensity let ICF keep funding buybacks even as FY2025 revenue slipped.
FY2025's lower revenue did not break the model: gross margin reached37.2% while free cash flow still equaled130.7% of net income, so the earnings decline looked more like a volume setback than a cash-quality problem. That matters because capex stayed near$21.7M , leaving room for share repurchases of$55.3M even in a softer year.
The balance sheet looks operationally light but acquisition-heavy: goodwill is about
ICF is not holding a large cash cushion—just
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Icf Intl Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Icf Intl Inc has an operating margin of 7.8%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 8.2% the prior year.
Icf Intl Inc's revenue declined 7.3% year-over-year, from $2.0B to $1.9B. This contraction results in a growth score of 24/100.
Icf Intl Inc has a moderate D/E ratio of 0.39. This balance of debt and equity financing earns a leverage score of 31/100.
Icf Intl Inc's current ratio of 1.27 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
Icf Intl Inc has a free cash flow margin of 6.4%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.
Icf Intl Inc earns a strong 8.9% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is down from 11.2% the prior year.
Icf Intl Inc scores 2.68, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Icf Intl Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Icf Intl Inc generates $1.54 in operating cash flow ($141.9M OCF vs $92.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Icf Intl Inc earns $4.7 in operating income for every $1 of interest expense ($145.5M vs $31.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Icf Intl Inc generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 7.3% from the prior year.
Icf Intl Inc's EBITDA was $203.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.2% from the prior year.
Icf Intl Inc reported $92.0M in net income in fiscal year 2025. This represents a decrease of 16.4% from the prior year.
Icf Intl Inc earned $4.95 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 14.9% from the prior year.
Cash & Balance Sheet
Icf Intl Inc generated $120.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 19.9% from the prior year.
Icf Intl Inc held $5.3M in cash against $401.4M in long-term debt as of fiscal year 2025.
Icf Intl Inc paid $0.56 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Icf Intl Inc had 18M shares outstanding in fiscal year 2025. This represents a decrease of 2.2% from the prior year.
Margins & Returns
Icf Intl Inc's gross margin was 37.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Icf Intl Inc's operating margin was 7.8% in fiscal year 2025, reflecting core business profitability. This is down 0.4 percentage points from the prior year.
Icf Intl Inc's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.
Icf Intl Inc's ROE was 8.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the prior year.
Capital Allocation
Icf Intl Inc spent $55.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 15.7% from the prior year.
Icf Intl Inc invested $21.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1.1% from the prior year.
ICFI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $437.5M-1.4% | $443.7M-4.7% | $465.4M-2.3% | $476.2M-2.4% | $487.6M-1.8% | $496.3M-4.0% | $517.0M+1.0% | $512.0M |
| Cost of Revenue | $270.6M-5.1% | $285.3M-1.8% | $290.5M-2.6% | $298.4M-1.4% | $302.5M-4.6% | $317.1M-2.4% | $325.0M-1.3% | $329.3M |
| Gross Profit | $166.9M+5.4% | $158.3M-9.4% | $174.9M-1.6% | $177.7M-4.0% | $185.1M+3.3% | $179.2M-6.6% | $192.0M+5.1% | $182.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $118.8M+3.1% | $115.2M-5.7% | $122.3M-0.6% | $123.0M-6.7% | $131.9M+1.9% | $129.5M-2.5% | $132.8M+4.5% | $127.1M |
| Operating Income | $34.9M+21.7% | $28.6M-25.5% | $38.4M-3.9% | $40.0M+4.2% | $38.4M+5.3% | $36.5M-20.8% | $46.0M+8.5% | $42.4M |
| Interest Expense | $6.8M-8.3% | $7.4M-6.3% | $7.9M-6.8% | $8.5M+14.5% | $7.4M+13.3% | $6.6M-9.5% | $7.2M-6.6% | $7.8M |
| Income Tax | $6.9M+72.3% | $4.0M-42.9% | $7.0M+11.0% | $6.3M+99.7% | $3.1M-51.5% | $6.5M+23.6% | $5.3M-42.5% | $9.1M |
| Net Income | $20.5M+15.8% | $17.7M-25.4% | $23.8M+0.4% | $23.7M-11.9% | $26.9M+10.1% | $24.4M-25.4% | $32.7M+27.6% | $25.6M |
| EPS (Diluted) | $1.12 | N/A | $1.280.0% | $1.28-11.1% | $1.44 | N/A | $1.73+27.2% | $1.36 |
ICFI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+0.1% | $2.1B-3.0% | $2.1B+1.9% | $2.1B-0.1% | $2.1B+0.4% | $2.1B+1.9% | $2.0B+1.1% | $2.0B |
| Current Assets | $524.4M+1.9% | $514.4M-9.6% | $569.0M+12.4% | $506.2M-0.9% | $510.8M+3.8% | $492.1M-0.2% | $493.1M+6.1% | $464.6M |
| Cash & Equivalents | $3.9M-26.7% | $5.3M+32.8% | $4.0M-42.9% | $7.0M+22.1% | $5.7M+15.3% | $5.0M-28.2% | $6.9M+70.4% | $4.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $240.0M+0.8% | $238.0M+2.1% | $233.0M+9.5% | $212.8M-9.9% | $236.2M-8.1% | $256.9M+21.0% | $212.4M+1.5% | $209.4M |
| Goodwill | $1.3B-0.1% | $1.3B0.0% | $1.3B-0.1% | $1.3B+0.1% | $1.3B+0.2% | $1.2B+2.2% | $1.2B+0.2% | $1.2B |
| Total Liabilities | $1.0B-0.1% | $1.0B-6.2% | $1.1B+1.5% | $1.1B-2.9% | $1.1B+2.1% | $1.1B+3.0% | $1.1B-1.0% | $1.1B |
| Current Liabilities | $355.0M-12.2% | $404.3M+0.2% | $403.4M+2.5% | $393.5M+3.1% | $381.5M-15.1% | $449.2M+10.1% | $407.8M+4.0% | $392.0M |
| Long-Term Debt | $439.2M+9.4% | $401.4M-10.7% | $449.4M-2.8% | $462.3M-7.9% | $502.0M+21.9% | $411.7M+1.6% | $405.4M-3.8% | $421.6M |
| Total Equity | $1.0B+0.3% | $1.0B+0.4% | $1.0B+2.4% | $1.0B+3.3% | $968.9M-1.4% | $982.5M+0.6% | $976.3M+3.5% | $943.3M |
| Retained Earnings | $974.0M+1.9% | $956.1M+1.6% | $941.3M+2.3% | $920.1M+2.3% | $899.1M+2.8% | $874.8M+2.6% | $852.8M+3.7% | $822.8M |
ICFI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.1M-104.2% | $75.6M+59.8% | $47.3M-8.9% | $52.0M+257.3% | -$33.0M-134.6% | $95.4M+273.2% | $25.5M-57.9% | $60.6M |
| Capital Expenditures | $2.8M-59.1% | $6.9M+24.7% | $5.5M-3.6% | $5.8M+66.6% | $3.5M-41.2% | $5.9M+13.6% | $5.2M0.0% | $5.2M |
| Free Cash Flow | -$6.0M-108.7% | $68.7M+64.5% | $41.8M-9.6% | $46.2M+226.6% | -$36.5M-140.8% | $89.5M+339.1% | $20.4M-63.3% | $55.5M |
| Investing Cash Flow | -$2.8M+60.5% | -$7.2M-29.3% | -$5.5M-3.7% | -$5.3M-54.9% | -$3.5M+94.4% | -$61.2M-1150.4% | -$4.9M+5.2% | -$5.2M |
| Financing Cash Flow | $15.1M+122.9% | -$66.1M-350.1% | -$14.7M+67.1% | -$44.6M-208.6% | $41.0M+284.0% | -$22.3M-23.3% | -$18.1M+67.3% | -$55.3M |
| Dividends Paid | $2.6M-1.1% | $2.6M+0.2% | $2.6M-0.1% | $2.6M-1.6% | $2.6M-0.3% | $2.6M+0.2% | $2.6M+0.1% | $2.6M |
| Share Buybacks | $18.3M+16.3% | $15.8M+7826.6% | $199K+786.2% | -$29K-100.1% | $39.3M+134.6% | $16.8M+4348.8% | $377K+43.3% | $263K |
ICFI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.1%+2.5pp | 35.7%-1.9pp | 37.6%+0.2pp | 37.3%-0.6pp | 38.0%+1.9pp | 36.1%-1.0pp | 37.1%+1.5pp | 35.7% |
| Operating Margin | 8.0%+1.5pp | 6.5%-1.8pp | 8.3%-0.1pp | 8.4%+0.5pp | 7.9%+0.5pp | 7.3%-1.6pp | 8.9%+0.6pp | 8.3% |
| Net Margin | 4.7%+0.7pp | 4.0%-1.1pp | 5.1%+0.1pp | 5.0%-0.5pp | 5.5%+0.6pp | 4.9%-1.4pp | 6.3%+1.3pp | 5.0% |
| Return on Equity | 2.0%+0.3pp | 1.7%-0.6pp | 2.3%-0.1pp | 2.4%-0.4pp | 2.8%+0.3pp | 2.5%-0.9pp | 3.4%+0.6pp | 2.7% |
| Return on Assets | 1.0%+0.1pp | 0.9%-0.3pp | 1.1%-0.0pp | 1.1%-0.1pp | 1.3%+0.1pp | 1.2%-0.4pp | 1.6%+0.3pp | 1.3% |
| Current Ratio | 1.48+0.2 | 1.27-0.1 | 1.41+0.1 | 1.29-0.1 | 1.34+0.2 | 1.10-0.1 | 1.21+0.0 | 1.19 |
| Debt-to-Equity | 0.43+0.0 | 0.39-0.0 | 0.44-0.0 | 0.46-0.1 | 0.52+0.1 | 0.420.0 | 0.42-0.0 | 0.45 |
| FCF Margin | -1.4%-16.9pp | 15.5%+6.5pp | 9.0%-0.7pp | 9.7%+17.2pp | -7.5%-25.5pp | 18.0%+14.1pp | 3.9%-6.9pp | 10.8% |
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Frequently Asked Questions
What is Icf Intl Inc's annual revenue?
Icf Intl Inc (ICFI) reported $1.9B in total revenue for fiscal year 2025. This represents a -7.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Icf Intl Inc's revenue growing?
Icf Intl Inc (ICFI) revenue declined by 7.3% year-over-year, from $2.0B to $1.9B in fiscal year 2025.
Is Icf Intl Inc profitable?
Yes, Icf Intl Inc (ICFI) reported a net income of $92.0M in fiscal year 2025, with a net profit margin of 4.9%.
What is Icf Intl Inc's EBITDA?
Icf Intl Inc (ICFI) had EBITDA of $203.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Icf Intl Inc have?
As of fiscal year 2025, Icf Intl Inc (ICFI) had $5.3M in cash and equivalents against $401.4M in long-term debt.
What is Icf Intl Inc's gross margin?
Icf Intl Inc (ICFI) had a gross margin of 37.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Icf Intl Inc's operating margin?
Icf Intl Inc (ICFI) had an operating margin of 7.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Icf Intl Inc's net profit margin?
Icf Intl Inc (ICFI) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Icf Intl Inc pay dividends?
Yes, Icf Intl Inc (ICFI) paid $0.56 per share in dividends during fiscal year 2025.
What is Icf Intl Inc's return on equity (ROE)?
Icf Intl Inc (ICFI) has a return on equity of 8.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Icf Intl Inc's free cash flow?
Icf Intl Inc (ICFI) generated $120.2M in free cash flow during fiscal year 2025. This represents a -19.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Icf Intl Inc's operating cash flow?
Icf Intl Inc (ICFI) generated $141.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Icf Intl Inc's total assets?
Icf Intl Inc (ICFI) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Icf Intl Inc's capital expenditures?
Icf Intl Inc (ICFI) invested $21.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Icf Intl Inc's current ratio?
Icf Intl Inc (ICFI) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.
What is Icf Intl Inc's debt-to-equity ratio?
Icf Intl Inc (ICFI) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Icf Intl Inc's return on assets (ROA)?
Icf Intl Inc (ICFI) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Icf Intl Inc's Altman Z-Score?
Icf Intl Inc (ICFI) has an Altman Z-Score of 2.68, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Icf Intl Inc's Piotroski F-Score?
Icf Intl Inc (ICFI) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Icf Intl Inc's earnings high quality?
Icf Intl Inc (ICFI) has an earnings quality ratio of 1.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Icf Intl Inc cover its interest payments?
Icf Intl Inc (ICFI) has an interest coverage ratio of 4.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Icf Intl Inc?
Icf Intl Inc (ICFI) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.