CACI Reports Results for Its Fiscal 2026 Fourth Quarter and Full Year and Issues Fiscal Year 2027 Guidance
Annual revenues of
Annual net income of
Annual adjusted net income of
Annual EBITDA of
Annual contract awards of
Company expects strong cash flow in Fiscal Year 2027, driven by strong revenue growth, margin expansion, and efficient working capital management
“CACI’s outstanding fiscal year 2026 performance demonstrates the power of our differentiated strategy, our relentless focus on execution, and underscores the technology-first national security company we have become. In a challenging environment, we grew free cash flow by
Fourth Quarter Results
|
Three Months Ended |
|||||||
(in millions, except earnings per share and DSO) |
6/30/2026 |
|
6/30/2025 |
|
% Change3 |
|||
Revenues |
$ |
2,709.1 |
|
$ |
2,304.1 |
|
17.6 |
% |
Income from operations |
$ |
272.2 |
|
$ |
206.7 |
|
31.7 |
% |
Net income |
$ |
156.8 |
|
$ |
157.9 |
|
(0.7 |
)% |
Adjusted net income, a non-GAAP measure1 |
$ |
198.1 |
|
$ |
185.8 |
|
6.6 |
% |
Diluted earnings per share |
$ |
7.05 |
|
$ |
7.14 |
|
(1.3 |
)% |
Adjusted diluted earnings per share, a non-GAAP measure1 |
$ |
8.91 |
|
$ |
8.40 |
|
6.1 |
% |
Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure1 |
$ |
353.1 |
|
$ |
264.5 |
|
33.5 |
% |
Net cash provided by operating activities excluding MARPA, a non-GAAP measure1 |
$ |
279.7 |
|
$ |
167.1 |
|
67.4 |
% |
Free cash flow, a non-GAAP measure1 |
$ |
232.9 |
|
$ |
139.1 |
|
67.4 |
% |
Days sales outstanding (DSO)2 |
|
55 |
|
|
56 |
|
|
|
(1) |
This non-GAAP measure should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. For additional information regarding this non-GAAP measure, see the related explanation and reconciliation to the GAAP measure included below in this release. |
|
(2) |
The DSO calculations for three months ended June 30, 2026 and 2025, exclude the impact of the Company’s Master Accounts Receivable Purchase Agreement (MARPA), which was 7 days and 8 days, respectively. |
|
(3) |
Percentages are calculated using the underlying whole dollar amounts. Some percentages may vary slightly due to rounding. |
Revenues in the fourth quarter of fiscal year 2026 increased
Fourth Quarter Contract Awards
Contract awards in the fourth quarter totaled
-
CACI was awarded a contract by the Department of War (DoW) to deploy SkyValor at the Southern Border after successfully completing a two-day operational evaluation conducted by the Joint Interagency Task Force 401 (JIATF-401) at
U.S . Marine Corps Air StationYuma, Arizona . SkyValor is CACI’s next-generation drone defense system built to find, track, and stop hostile drones. The deployment will support a broader national security effort to counter the growing threat of hostile drones and strengthen homeland defense in high-priority operating environments. -
CACI was awarded a six-year technology contract valued at up to
$308 million -
CACI was awarded over
$236 million -
CACI was awarded a contract increase valued at more than
$140 million U.S . Army Development Command (DEVCOM) C5ISR Center. With this increase, the total contract value will be more than$560 million -
CACI was awarded a five-year technology contract valued at up to
$113 million U.S . Navy’s Military Sealift Command (MSC) to continue modernizing a portfolio of mission-critical business applications used by both ashore personnel and MSC’s global fleet. -
CACI will serve as one of Oracle’s technology partners for the
U.S . Office of Personnel Management’s (OPM) Federal Human Resources Information Technology (HRIT) Modernization contract. Working alongside Oracle and other partners on this 10-year contract worth nearly$400 million
Total backlog as of June 30, 2026 was
Additional Highlights
- Dr. Dave Young has joined CACI as executive vice president and Chief Operating Officer reporting to John Mengucci, CACI President and Chief Executive Officer, and serve on the company’s executive leadership team. Young brings extensive operational, business development, and national security leadership experience across space, defense technology, advanced systems, and mission-focused businesses. He joins CACI as the company continues to grow and deliver complex technology capabilities for national security customers.
-
Tom
Kirkland rejoined CACI as executive vice president of Electronic Warfare.Kirkland brings deep defense technology, customer engagement, and business leadership experience across all domains and mission-focused technology businesses. In this role,Kirkland will lead CACI’s Electronic Warfare business and serve on the company’s executive leadership team. - Christopher Monoski has joined CACI as its new executive vice president of Manufacturing and will serve on the company’s executive leadership team. Monoski brings nearly three decades of experience in manufacturing and supply chain management, further strengthening the company’s ability to deliver secure, mission-critical technologies across defense, intelligence, and national security programs.
-
CACI advanced to Phase 3 of the
U.S . Space Force’s (USSF) Enterprise Space Terminal (EST) program, marking the company’s latest significant advancement in its Optical Communications Terminal (OCT) portfolio. This milestone reinforces CACI’s leadership in delivering innovative, resilient, and mission-ready capabilities across all orbital domains. The EST is the optical communications terminal expected to be proliferated across multiple orbits as part of the USSF Space Data Network (SDN) buildout and CACI is positioned to deliver EST OCTs in whatever orbital domain they are needed. -
CACI was awarded a silver Edison Award™ for TLS Manpack, the company’s electronic warfare (EW) military solution for dismounted soldiers, enabling the
U.S . Army to fight and dominate in the electromagnetic battlespace. The TLS Manpack is a proven, mature, and portable software-defined system that detects, disrupts, and defeats enemy signals by securing communications, countering threat networks and drones, and unlocking high-bandwidth data access. - CACI has achieved Amazon Web Services (AWS) Managed Service Provider (MSP) status. This latest recognition adds to CACI’s current arsenal of technical and business accomplishments achieved through precise hybrid cloud execution and robust qualifications, uniting edge-to-cloud delivery with audited 24/7 operations for mission workloads.
-
CACI earned the 2026 USA TODAY Top Workplaces award, marking the company’s sixth consecutive year on the list. This year, CACI ranked first in its sector and sixth in
Virginia . The company was recognized for its exceptional leadership team, innovative technologies, professional development, employee well-being, work-life flexibility, purpose and values, and compensation and benefits. Across the country, CACI also earned Top Workplace awards for regions inColorado ,New Jersey , andFlorida . - CACI President and CEO John Mengucci was named to the inaugural 2026 Defense News Strategic Architect list, recognizing leaders shaping defense strategy, doctrine, budgets, alliances, and long‑term priorities. John earned this distinction for driving CACI’s strategic vision of investing ahead of customer need to strengthen deterrence, improve readiness, and maintain a lasting competitive advantage.
-
Jeffrey MacLauchlan, executive vice president, Chief Financial Officer, and Treasurer was named Public Company CFO of the Year by the Northern Virginia Technology Council (NVTC) and CFO of the Year Award in the Annual Revenue Greater than
$500 Million - Jimmy Norcross, executive vice president of Digital and Network Technology was named to the prestigious Nextgov/FCW Federal 100. Regarded as one of the highest honors for the federal IT community, the award recognizes individuals who went far beyond their assigned duties to shape their organizations and the nation’s agenda over the past year.
Fiscal Year Results
|
Twelve Months Ended |
|||||||
(in millions, except earnings per share) |
6/30/2026 |
|
6/30/2025 |
|
% Change2 |
|||
Revenues |
$ |
9,567.8 |
|
$ |
8,627.8 |
|
10.9 |
% |
Income from operations |
$ |
919.8 |
|
$ |
764.2 |
|
20.4 |
% |
Net income |
$ |
535.8 |
|
$ |
499.8 |
|
7.2 |
% |
Adjusted net income, a non-GAAP measure1 |
$ |
661.6 |
|
$ |
593.0 |
|
11.6 |
% |
Diluted earnings per share |
$ |
24.16 |
|
$ |
22.32 |
|
8.2 |
% |
Adjusted diluted earnings per share, a non-GAAP measure1 |
$ |
29.83 |
|
$ |
26.48 |
|
12.7 |
% |
Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure1 |
$ |
1,173.9 |
|
$ |
966.8 |
|
21.4 |
% |
Net cash provided by operating activities excluding MARPA, a non-GAAP measure1 |
$ |
842.1 |
|
$ |
508.1 |
|
65.7 |
% |
Free cash flow, a non-GAAP measure1 |
$ |
735.4 |
|
$ |
442.5 |
|
66.2 |
% |
(1) |
This non-GAAP measure should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. For additional information regarding this non-GAAP measure, see the related explanation and reconciliation to the GAAP measure included below in this release. |
|
(2) |
Percentages are calculated using the underlying whole dollar amounts. Some percentages may vary slightly due to rounding. |
Revenues in fiscal year 2026 increased
Fiscal Year 2027 Guidance
The table below summarizes our fiscal year 2027 guidance and represents our views as of August 5, 2026.
(in millions, except earnings per share) |
|
Fiscal Year 2027 Guidance |
Revenues |
|
|
Adjusted net income, a non-GAAP measure1 |
|
|
Adjusted diluted earnings per share, a non-GAAP measure1 |
|
|
Diluted weighted average shares |
|
22.3 |
Free cash flow, a non-GAAP measure2 |
|
at least |
(1) |
Adjusted net income and adjusted diluted earnings per share are defined as GAAP net income and GAAP diluted EPS, respectively, excluding intangible amortization expense and the related tax impact. This non-GAAP measure should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. For additional information regarding this non-GAAP measure, see the related explanation and reconciliation to the GAAP measure included below in this release. |
|
(2) |
Free cash flow is defined as net cash provided by operating activities excluding MARPA, less payments for capital expenditures. This non-GAAP measure should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. For additional information regarding this non-GAAP measure, see the related explanation and reconciliation to the GAAP measure included below in this release |
Conference Call Information
We have scheduled a conference call for 8:00 AM Eastern Time Thursday, August 6, 2026 during which members of our senior management will be making a brief presentation focusing on fourth quarter and full year results and operating trends, followed by a question-and-answer session. You can listen to the webcast and view the accompanying exhibits on CACI’s investor relations website at http://investor.caci.com/events/default.aspx at the scheduled time. A replay of the call will also be available on CACI’s investor relations website at http://investor.caci.com/.
About CACI
CACI International Inc (NYSE: CACI) is a technology-first national security company that expands the limits of national security through innovation, discipline, and operational excellence. We deliver advanced technologies that help our customers move faster, operate more efficiently, and anticipate and defeat evolving threats. Our 27,000 talented employees and strong culture drive our success and have earned CACI recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 500™, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit caci.com.
There are statements made herein that do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to risk factors that could cause actual results to be materially different from anticipated results. These risk factors include, but are not limited to, the following: our reliance on U.S. government contracts, which includes general risk around the government contract procurement process (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; significant delays or reductions in appropriations for our programs and broader changes in U.S. government funding and spending patterns; legislation that amends or changes discretionary spending levels or budget priorities, such as for homeland security or to address global pandemics; legal, regulatory, and political change from successive presidential administrations that could result in economic uncertainty; changes in U.S. federal agencies, current agreements with other nations, foreign events, or any other events which may affect the global economy, including the impact of global pandemics; the results of government audits and reviews conducted by the Defense Contract Audit Agency, the Defense Contract Management Agency, or other governmental entities with cognizant oversight; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); failure to achieve contract awards in connection with re-competes for present business and/or competition for new business; regional and national economic conditions in the United States and globally, including but not limited to: terrorist activities or war, changes in interest rates, currency fluctuations, significant fluctuations in the equity markets, and market speculation regarding our continued independence; our ability to meet contractual performance obligations, including technologically complex obligations dependent on factors not wholly within our control; limited access to certain facilities required for us to perform our work, including during a global pandemic; changes in tax law, the interpretation of associated rules and regulations, or any other events impacting our effective tax rate; changes in technology; the potential impact of the announcement or consummation of a proposed transaction and our ability to successfully integrate the operations of our recent and any future acquisitions; our ability to achieve the objectives of near term or long-term business plans; the effects of health epidemics, pandemics and similar outbreaks may have material adverse effects on our business, financial position, results of operations and/or cash flows; and other risks described in our Securities and Exchange Commission filings.
CACI International Inc |
|||||||||||||||||
Consolidated Statements of Operations (Unaudited) |
|||||||||||||||||
(in thousands, except per share data) |
|||||||||||||||||
|
Three Months Ended |
|
Twelve Months Ended |
||||||||||||||
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
||||||
Revenues |
$ |
2,709,057 |
|
$ |
2,304,144 |
|
17.6 |
% |
|
$ |
9,567,779 |
|
$ |
8,627,824 |
|
10.9 |
% |
Costs of revenues: |
|
|
|
|
|
|
|
|
|
|
|
||||||
Direct costs |
|
1,795,512 |
|
|
1,584,174 |
|
13.3 |
|
|
|
6,390,886 |
|
|
5,835,558 |
|
9.5 |
|
Indirect costs and selling expenses |
|
562,556 |
|
|
457,432 |
|
23.0 |
|
|
|
2,011,179 |
|
|
1,832,956 |
|
9.7 |
|
Depreciation and amortization |
|
78,795 |
|
|
55,861 |
|
41.1 |
|
|
|
245,899 |
|
|
195,125 |
|
26.0 |
|
Total costs of revenues |
|
2,436,863 |
|
|
2,097,467 |
|
16.2 |
|
|
|
8,647,964 |
|
|
7,863,639 |
|
10.0 |
|
Income from operations |
|
272,194 |
|
|
206,677 |
|
31.7 |
|
|
|
919,815 |
|
|
764,185 |
|
20.4 |
|
Interest expense and other, net |
|
72,064 |
|
|
45,691 |
|
57.7 |
|
|
|
215,454 |
|
|
158,844 |
|
35.6 |
|
Income before income taxes |
|
200,130 |
|
|
160,986 |
|
24.3 |
|
|
|
704,361 |
|
|
605,341 |
|
16.4 |
|
Income taxes |
|
43,380 |
|
|
3,131 |
|
1285.5 |
|
|
|
168,553 |
|
|
105,511 |
|
59.7 |
|
Net income |
$ |
156,750 |
|
$ |
157,855 |
|
(0.7 |
)% |
|
$ |
535,808 |
|
$ |
499,830 |
|
7.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Basic earnings per share |
$ |
7.09 |
|
$ |
7.18 |
|
(1.3 |
)% |
|
$ |
24.28 |
|
$ |
22.47 |
|
8.1 |
% |
Diluted earnings per share |
$ |
7.05 |
|
$ |
7.14 |
|
(1.3 |
)% |
|
$ |
24.16 |
|
$ |
22.32 |
|
8.2 |
% |
Weighted-average basic shares outstanding |
|
22,097 |
|
|
21,992 |
|
0.5 |
% |
|
|
22,065 |
|
|
22,247 |
|
(0.8 |
)% |
Weighted-average diluted shares outstanding |
|
22,228 |
|
|
22,115 |
|
0.5 |
% |
|
|
22,176 |
|
|
22,393 |
|
(1.0 |
)% |
CACI International Inc |
|||||
Consolidated Balance Sheets (Unaudited) |
|||||
(in thousands) |
|||||
|
6/30/2026 |
|
6/30/2025 |
||
ASSETS |
|
|
|
||
Current assets: |
|
|
|
||
Cash and cash equivalents |
$ |
191,756 |
|
$ |
106,181 |
Accounts receivable, net |
|
1,705,087 |
|
|
1,405,441 |
Prepaid expenses and other current assets |
|
364,502 |
|
|
268,323 |
Total current assets |
|
2,261,345 |
|
|
1,779,945 |
|
|
|
|
||
Goodwill |
|
6,484,456 |
|
|
5,021,805 |
Intangible assets, net |
|
2,072,991 |
|
|
1,091,276 |
Property, plant and equipment, net |
|
397,161 |
|
|
212,035 |
Operating lease right-of-use assets |
|
381,980 |
|
|
343,944 |
Supplemental retirement savings plan assets |
|
104,878 |
|
|
101,024 |
Other assets |
|
116,833 |
|
|
97,569 |
Total assets |
$ |
11,819,644 |
|
$ |
8,647,598 |
|
|
|
|
||
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
||
Current liabilities: |
|
|
|
||
Current portion of long-term debt |
$ |
46,750 |
|
$ |
68,750 |
Accounts payable |
|
521,669 |
|
|
381,574 |
Accrued compensation and benefits |
|
284,602 |
|
|
282,987 |
Other accrued expenses and current liabilities |
|
670,911 |
|
|
474,795 |
Total current liabilities |
|
1,523,932 |
|
|
1,208,106 |
|
|
|
|
||
Long-term debt, net of current portion |
|
4,854,759 |
|
|
2,849,190 |
Supplemental retirement savings plan obligations, net of current portion |
|
119,233 |
|
|
114,261 |
Deferred income taxes |
|
376,580 |
|
|
142,636 |
Operating lease liabilities |
|
431,769 |
|
|
377,080 |
Other liabilities |
|
50,674 |
|
|
62,380 |
Total liabilities |
|
7,356,947 |
|
|
4,753,653 |
|
|
|
|
||
Total shareholders' equity |
|
4,462,697 |
|
|
3,893,945 |
Total liabilities and shareholders' equity |
$ |
11,819,644 |
|
$ |
8,647,598 |
CACI International Inc |
|||||||
Consolidated Statements of Cash Flows (Unaudited) |
|||||||
(in thousands) |
|||||||
|
Twelve Months Ended |
||||||
|
6/30/2026 |
|
6/30/2025 |
||||
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
||||
Net income |
$ |
535,808 |
|
|
$ |
499,830 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
||||
Depreciation and amortization |
|
245,899 |
|
|
|
195,125 |
|
Amortization of deferred financing costs |
|
5,054 |
|
|
|
3,031 |
|
Gain on divestiture of business |
|
(7,280 |
) |
|
|
— |
|
Stock-based compensation expense |
|
79,514 |
|
|
|
60,177 |
|
Deferred income taxes |
|
145,387 |
|
|
|
(27,060 |
) |
Changes in operating assets and liabilities, net of effect of business acquisitions: |
|
|
|
||||
Accounts receivable, net |
|
(198,983 |
) |
|
|
(269,215 |
) |
Prepaid expenses and other assets |
|
(30,618 |
) |
|
|
24,187 |
|
Accounts payable and other accrued expenses |
|
181,226 |
|
|
|
125,914 |
|
Accrued compensation and benefits |
|
(8,748 |
) |
|
|
(49,005 |
) |
Income taxes |
|
(71,255 |
) |
|
|
(4,862 |
) |
Operating lease liabilities, net |
|
8,748 |
|
|
|
(6,015 |
) |
Long-term liabilities |
|
1,958 |
|
|
|
(5,098 |
) |
Net cash provided by operating activities |
|
886,710 |
|
|
|
547,009 |
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
||||
Capital expenditures |
|
(106,653 |
) |
|
|
(65,603 |
) |
Acquisitions of businesses, net of cash acquired |
|
(2,636,216 |
) |
|
|
(1,695,749 |
) |
Proceeds from divestiture of business |
|
8,477 |
|
|
|
— |
|
Other |
|
158 |
|
|
|
2,409 |
|
Net cash used in investing activities |
|
(2,734,234 |
) |
|
|
(1,758,943 |
) |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
||||
Proceeds from borrowings |
|
5,804,251 |
|
|
|
8,209,000 |
|
Principal payments on borrowings |
|
(3,803,376 |
) |
|
|
(6,816,023 |
) |
Deferred financing costs |
|
(22,360 |
) |
|
|
(22,227 |
) |
Proceeds from employee stock purchase plans |
|
14,390 |
|
|
|
13,697 |
|
Repurchases of common stock |
|
(17,082 |
) |
|
|
(168,563 |
) |
Payment of taxes for equity transactions |
|
(34,161 |
) |
|
|
(38,003 |
) |
Other |
|
(6,855 |
) |
|
|
— |
|
Net cash provided by financing activities |
|
1,934,807 |
|
|
|
1,177,881 |
|
Effect of exchange rate changes on cash and cash equivalents |
|
(1,708 |
) |
|
|
6,273 |
|
Net change in cash and cash equivalents |
|
85,575 |
|
|
|
(27,780 |
) |
Cash and cash equivalents, beginning of year |
|
106,181 |
|
|
|
133,961 |
|
Cash and cash equivalents, end of year |
$ |
191,756 |
|
|
$ |
106,181 |
|
Revenues by Customer Group (Unaudited) |
|||||||||||||||||
|
Three Months Ended |
||||||||||||||||
(in thousands) |
06/30/2026 |
|
06/30/2025 |
|
$ Change |
|
% Change |
||||||||||
Department of War |
$ |
1,506,353 |
|
55.6 |
% |
|
$ |
1,230,604 |
|
53.4 |
% |
|
$ |
275,749 |
|
22.4 |
% |
Intelligence Community |
|
634,097 |
|
23.4 |
|
|
|
594,355 |
|
25.8 |
|
|
|
39,742 |
|
6.7 |
|
Federal civilian agencies |
|
436,990 |
|
16.1 |
|
|
|
365,008 |
|
15.8 |
|
|
|
71,982 |
|
19.7 |
|
Commercial and other |
|
131,617 |
|
4.9 |
|
|
|
114,177 |
|
5.0 |
|
|
|
17,440 |
|
15.3 |
|
Total |
$ |
2,709,057 |
|
100.0 |
% |
|
$ |
2,304,144 |
|
100.0 |
% |
|
$ |
404,913 |
|
17.6 |
% |
|
Twelve Months Ended |
||||||||||||||||
(in thousands) |
6/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Department of War |
$ |
5,133,759 |
53.6 |
% | $ |
4,617,699 |
53.5 |
% | $ |
516,060 |
11.2 |
% |
|||||
Intelligence Community |
|
2,351,801 |
24.6 |
|
2,209,238 |
25.6 |
|
142,563 |
6.5 |
|
|||||||
Federal civilian agencies |
|
1,660,934 |
17.4 |
|
1,433,013 |
16.6 |
|
227,921 |
15.9 |
|
|||||||
Commercial and other |
|
421,285 |
4.4 |
|
367,874 |
4.3 |
|
53,411 |
14.5 |
|
|||||||
Total |
$ |
9,567,779 |
100.0 |
% | $ |
8,627,824 |
100.0 |
% | $ |
939,955 |
10.9 |
% |
|||||
Revenues by Contract Type (Unaudited) |
|||||||||||||||||
|
Three Months Ended |
||||||||||||||||
(in thousands) |
06/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Cost-plus-fee |
$ |
1,395,398 |
51.5 |
% | $ |
1,383,983 |
60.1 |
% | $ |
11,415 |
0.8 |
% |
|||||
Fixed-price |
|
941,647 |
34.8 |
|
620,023 |
26.9 |
|
321,624 |
51.9 |
|
|||||||
Time-and-materials |
|
372,012 |
13.7 |
|
300,138 |
13.0 |
|
71,874 |
23.9 |
|
|||||||
Total |
$ |
2,709,057 |
100.0 |
% | $ |
2,304,144 |
100.0 |
% | $ |
404,913 |
17.6 |
% |
|||||
|
Twelve Months Ended |
||||||||||||||||
(in thousands) |
6/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Cost-plus-fee |
$ |
5,361,366 |
56.0 |
% | $ |
5,221,011 |
60.5 |
% | $ |
140,355 |
2.7 |
% |
|||||
Fixed-price |
|
2,901,065 |
30.4 |
|
2,271,602 |
26.3 |
|
629,463 |
27.7 |
|
|||||||
Time-and-materials |
|
1,305,348 |
13.6 |
|
1,135,211 |
13.2 |
|
170,137 |
15.0 |
|
|||||||
Total |
$ |
9,567,779 |
100.0 |
% | $ |
8,627,824 |
100.0 |
% | $ |
939,955 |
10.9 |
% |
|||||
Revenues by Prime or Subcontractor (Unaudited) |
|||||||||||||||||
|
Three Months Ended |
||||||||||||||||
(in thousands) |
06/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Prime contractor |
$ |
2,407,755 |
88.9 |
% | $ |
2,085,638 |
90.5 |
% | $ |
322,117 |
15.4 |
% |
|||||
Subcontractor |
|
301,302 |
11.1 |
|
218,506 |
9.5 |
|
82,796 |
37.9 |
|
|||||||
Total |
$ |
2,709,057 |
100.0 |
% | $ |
2,304,144 |
100.0 |
% | $ |
404,913 |
17.6 |
% |
|||||
|
Twelve Months Ended |
||||||||||||||||
(in thousands) |
6/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Prime contractor |
$ |
8,619,301 |
90.1 |
% | $ |
7,783,908 |
90.2 |
% | $ |
835,393 |
10.7 |
% |
|||||
Subcontractor |
|
948,478 |
9.9 |
|
843,916 |
9.8 |
|
104,562 |
12.4 |
|
|||||||
Total |
$ |
9,567,779 |
100.0 |
% | $ |
8,627,824 |
100.0 |
% | $ |
939,955 |
10.9 |
% |
|||||
Revenues by Technology or Expertise (Unaudited) |
|||||||||||||||||
|
Three Months Ended |
||||||||||||||||
(in thousands) |
06/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Technology |
$ |
1,659,220 |
61.2 |
% | $ |
1,341,505 |
58.2 |
% | $ |
317,715 |
23.7 |
% |
|||||
Expertise |
|
1,049,837 |
38.8 |
|
962,639 |
41.8 |
|
87,198 |
9.1 |
|
|||||||
Total |
$ |
2,709,057 |
100.0 |
% | $ |
2,304,144 |
100.0 |
% | $ |
404,913 |
17.6 |
% |
|||||
|
Twelve Months Ended |
||||||||||||||||
(in thousands) |
6/30/2026 |
06/30/2025 |
$ Change |
% Change |
|||||||||||||
Technology |
$ |
5,583,122 |
58.4 |
% | $ |
4,777,983 |
55.4 |
% | $ |
805,139 |
16.9 |
% |
|||||
Expertise |
|
3,984,657 |
41.6 |
|
3,849,841 |
44.6 |
|
134,816 |
3.5 |
|
|||||||
Total |
$ |
9,567,779 |
100.0 |
% | $ |
8,627,824 |
100.0 |
% | $ |
939,955 |
10.9 |
% |
|||||
Contract Awards (Unaudited) |
||||||||||||
|
Three Months Ended |
|||||||||||
(in thousands) |
6/30/2026 |
|
6/30/2025 |
|
$ Change |
|
% Change |
|||||
Contract awards |
$ |
1,643,896 |
|
$ |
2,637,341 |
|
$ |
(993,445 |
) |
|
(37.7 |
)% |
|
Twelve Months Ended |
|||||||||||
(in thousands) |
6/30/2026 |
|
06/30/2025 |
|
$ Change |
|
% Change |
|||||
Contract awards |
$ |
10,245,039 |
|
$ |
9,642,184 |
|
$ |
602,855 |
|
|
6.3 |
% |
Note: Some percentages may vary slightly due to rounding.
Reconciliation of Net Income to Adjusted Net Income and Diluted EPS to Adjusted Diluted EPS (Unaudited)
Adjusted net income and adjusted diluted EPS are non-GAAP performance measures. We define adjusted net income and adjusted diluted EPS as GAAP net income and GAAP diluted EPS, respectively, excluding intangible amortization expense and the related tax impact as we do not consider intangible amortization expense to be indicative of our operating performance. We believe that these performance measures provide management and investors with useful information in assessing trends in our ongoing operating performance, provide greater visibility in understanding the long-term financial performance of the Company, and allow investors to more easily compare our results to results of our peers. These non-GAAP measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
(in thousands, except per share data) |
Three Months Ended |
|
Twelve Months Ended |
|
|||||||||||||||||||
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
||||||||||||
|
Net income, as reported |
$ |
156,750 |
|
|
$ |
157,855 |
|
|
(0.7 |
)% |
|
$ |
535,808 |
|
|
$ |
499,830 |
|
|
|
7.2 |
% |
|
|
Intangible amortization expense |
|
55,296 |
|
|
|
37,405 |
|
|
47.8 |
|
|
|
168,336 |
|
|
|
124,618 |
|
|
|
35.1 |
|
|
|
Tax effect of intangible amortization1 |
|
(13,971 |
) |
|
|
(9,451 |
) |
|
47.8 |
|
|
|
(42,532 |
) |
|
|
(31,486 |
) |
|
|
35.1 |
|
|
|
Adjusted net income |
$ |
198,075 |
|
|
$ |
185,809 |
|
|
6.6 |
% |
|
$ |
661,612 |
|
|
$ |
592,962 |
|
|
|
11.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
Three Months Ended |
|
Twelve Months Ended |
|
|||||||||||||||||||
|
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
|||||||||||
|
Diluted EPS, as reported |
$ |
7.05 |
|
|
$ |
7.14 |
|
|
(1.3 |
)% |
|
$ |
24.16 |
|
|
$ |
22.32 |
|
|
|
8.2 |
% |
|
|
Intangible amortization expense |
|
2.49 |
|
|
|
1.69 |
|
|
47.3 |
|
|
|
7.59 |
|
|
|
5.57 |
|
|
|
36.3 |
|
|
|
Tax effect of intangible amortization1 |
|
(0.63 |
) |
|
|
(0.43 |
) |
|
46.5 |
|
|
|
(1.92 |
) |
|
|
(1.41 |
) |
|
|
36.2 |
|
|
|
Adjusted diluted EPS |
$ |
8.91 |
|
|
$ |
8.40 |
|
|
6.1 |
% |
|
$ |
29.83 |
|
|
$ |
26.48 |
|
|
|
12.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
|
|
|
|
|
|
FY27 Guidance Range |
|
|||||||||||||||
|
(in millions, except per share data) |
|
|
|
|
|
|
Low End |
|
|
|
High End |
|
|||||||||||
|
Net income, as reported |
|
|
|
|
|
|
$ |
574 |
|
|
|
--- |
|
|
$ |
594 |
|
|
|||||
|
Intangible amortization expense |
|
|
|
|
|
|
|
215 |
|
|
|
--- |
|
|
|
215 |
|
|
|||||
|
Tax effect of intangible amortization1 |
|
|
|
|
|
|
|
(54 |
) |
|
|
--- |
|
|
|
(54 |
) |
|
|||||
|
Adjusted net income |
|
|
|
|
|
|
$ |
735 |
|
|
|
--- |
|
|
$ |
755 |
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
|
|
|
|
|
|
FY27 Guidance Range |
|
|||||||||||||||
|
|
|
|
|
|
|
|
Low End |
|
|
|
High End |
|
|||||||||||
|
Diluted EPS, as reported |
|
|
|
|
|
|
$ |
25.74 |
|
|
|
--- |
|
|
$ |
26.64 |
|
|
|||||
|
Intangible amortization expense |
|
|
|
|
|
|
|
9.64 |
|
|
|
--- |
|
|
|
9.64 |
|
|
|||||
|
Tax effect of intangible amortization1 |
|
|
|
|
|
|
|
(2.42 |
) |
|
|
--- |
|
|
|
(2.42 |
) |
|
|||||
|
Adjusted diluted EPS |
|
|
|
|
|
|
$ |
32.96 |
|
|
|
--- |
|
|
$ |
33.86 |
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
(1) |
Calculation uses an assumed full year statutory tax rate of |
Note: Numbers may not sum due to rounding.
Reconciliation of Net Income to Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (Unaudited)
The Company views EBITDA and EBITDA margin, both of which are defined as non-GAAP measures, as important indicators of performance, consistent with the manner in which management measures and forecasts the Company’s performance. EBITDA is a commonly used non-GAAP measure when comparing our results with those of other companies. We define EBITDA as GAAP net income plus net interest expense, income taxes, and depreciation and amortization expense (including depreciation within direct costs). We consider EBITDA to be a useful metric for management and investors to evaluate and compare the ongoing operating performance of our business on a consistent basis across reporting periods, as it eliminates the effect of non-cash items such as depreciation of tangible assets and amortization of intangible assets primarily recognized in business combinations, which we do not believe are indicative of our operating performance. EBITDA margin is EBITDA divided by revenue. These non-GAAP measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
Three Months Ended |
|
Twelve Months Ended |
|
||||||||||||||||||
|
(in thousands) |
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
||||||||||
|
Net income |
$ |
156,750 |
|
|
$ |
157,855 |
|
|
(0.7 |
)% |
|
$ |
535,808 |
|
|
$ |
499,830 |
|
|
7.2 |
% |
|
|
Plus: |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Income taxes |
|
43,380 |
|
|
|
3,131 |
|
|
1285.5 |
|
|
|
168,553 |
|
|
|
105,511 |
|
|
59.7 |
|
|
|
Interest income and expense, net |
|
72,064 |
|
|
|
45,691 |
|
|
57.7 |
|
|
|
215,454 |
|
|
|
158,844 |
|
|
35.6 |
|
|
|
Depreciation and amortization expense, including amounts within direct costs |
|
80,870 |
|
|
|
57,861 |
|
|
39.8 |
|
|
|
254,099 |
|
|
|
202,611 |
|
|
25.4 |
|
|
|
EBITDA |
$ |
353,064 |
|
|
$ |
264,538 |
|
|
33.5 |
% |
|
$ |
1,173,914 |
|
|
$ |
966,796 |
|
|
21.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
Three Months Ended |
|
Twelve Months Ended |
|
||||||||||||||||||
|
(in thousands) |
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
6/30/2026 |
|
6/30/2025 |
|
% Change |
|
||||||||||
|
Revenues, as reported |
$ |
2,709,057 |
|
|
$ |
2,304,144 |
|
|
17.6 |
% |
|
$ |
9,567,779 |
|
|
$ |
8,627,824 |
|
|
10.9 |
% |
|
|
EBITDA |
|
353,064 |
|
|
|
264,538 |
|
|
33.5 |
|
|
|
1,173,914 |
|
|
|
966,796 |
|
|
21.4 |
|
|
|
EBITDA margin |
|
13.0 |
% |
|
|
11.5 |
% |
|
|
|
|
12.3 |
% |
|
|
11.2 |
% |
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Reconciliation of Net Cash Provided by Operating Activities to Net Cash Provided by Operating Activities Excluding MARPA and to Free Cash Flow (Unaudited)
The Company defines net cash provided by operating activities excluding MARPA, a non-GAAP measure, as net cash provided by operating activities calculated in accordance with GAAP, adjusted to exclude cash flows from CACI’s MARPA for the sale of certain designated eligible
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
Three Months Ended |
|
Twelve Months Ended |
|
||||||||||||
|
(in thousands) |
6/30/2026 |
|
6/30/2025 |
|
6/30/2026 |
|
6/30/2025 |
|
||||||||
|
Net cash provided by operating activities |
$ |
378,266 |
|
|
$ |
155,982 |
|
|
$ |
886,710 |
|
|
$ |
547,009 |
|
|
|
Cash (provided by) used in MARPA |
|
(98,606 |
) |
|
|
11,091 |
|
|
|
(44,624 |
) |
|
|
(38,909 |
) |
|
|
Net cash provided by operating activities excluding MARPA |
|
279,660 |
|
|
|
167,073 |
|
|
|
842,086 |
|
|
|
508,100 |
|
|
|
Capital expenditures |
|
(46,777 |
) |
|
|
(27,963 |
) |
|
|
(106,653 |
) |
|
|
(65,603 |
) |
|
|
Free cash flow |
$ |
232,883 |
|
|
$ |
139,110 |
|
|
$ |
735,433 |
|
|
$ |
442,497 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
(in millions) |
|
|
|
|
FY27 Current Guidance |
|
|
|
||||||||
|
Net cash provided by operating activities |
|
|
|
|
$ |
1,015 |
|
|
|
|
||||||
|
Cash (provided by) used in MARPA |
|
|
|
|
|
— |
|
|
|
|
||||||
|
Net cash provided by operating activities excluding MARPA |
|
|
|
|
|
1,015 |
|
|
|
|
||||||
|
Capital expenditures |
|
|
|
|
|
(115 |
) |
|
|
|
||||||
|
Free cash flow |
|
|
|
|
$ |
900 |
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260805256967/en/
Corporate Communications and Media:
Gino Bona, Executive Vice President, Corporate Communications
(571) 597-2787, gino.bona@caci.com
Investor Relations:
George Price, Senior Vice President, Investor Relations
(703) 841-7818, george.price@caci.com
Source: CACI International Inc