NASDAQ : ICFI
ICF International, Inc. — Financial statements
Industrials · Consulting Services · United States
Last price 95.48 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.71B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
ICF International, Inc. (ICFI) reported revenue of 1.82B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.82B | 1.87B | 2.02B | 1.96B | 1.78B | 1.55B |
| Cost of Revenue | 1.14B | 1.18B | 1.28B | 1.27B | 1.13B | 979.57M |
| Gross Profit | 676.71M | 696.02M | 737.77M | 698.22M | 645.54M | 573.48M |
| Selling, General & Admin | 479.65M | 492.40M | 514.87M | 498.36M | 478.51M | 422.67M |
| Amortization of Goodwill & Intangibles | 28.43M | 12.49M | ||||
| Operating Expenses | 534.90M | 550.55M | 568.35M | 559.10M | 528.43M | 454.64M |
| Operating Income | 141.81M | 145.47M | 169.43M | 139.12M | 117.12M | 118.84M |
| Interest Expense | -28.55M | -30.83M | -29.59M | -39.68M | -23.28M | -9.98M |
| Currency Exchange Gain (Loss) | -500.00K | -2.50M | ||||
| Other Non Operating Income (Expenses) | -47.00K | -139.00K | -207.00K | -1.80M | -1.50M | -862.00K |
| EBT Excluding Unusual Items | 112.71M | 111.99M | 139.63M | 97.64M | 92.33M | 107.99M |
| Merger & Restructuring Charges | -3.58M | -6.80M | -8.35M | -7.90M | ||
| Gain (Loss) on Sale of Assets | -500.00K | 2.01M | 5.71M | |||
| Pretax Income | 112.21M | 111.99M | 138.06M | 96.55M | 83.98M | 100.09M |
| Income Tax Expense | 23.67M | 20.41M | 27.89M | 13.94M | 19.74M | 28.96M |
| Net Income | 88.55M | 91.59M | 110.17M | 82.61M | 64.24M | 71.13M |
| Net Income to Common | 88.55M | 91.59M | 110.17M | 82.61M | 64.24M | 71.13M |
| Shares Outstanding (Basic) | 18.25M | 18.41M | 18.75M | 18.80M | 18.82M | 18.87M |
| Shares Outstanding (Diluted) | 18.35M | 18.52M | 18.93M | 18.99M | 19.03M | 19.12M |
| EPS (Basic) | 4.85 | 4.97 | 5.88 | 4.39 | 3.41 | 3.77 |
| EPS (Diluted) | 4.84 | 4.95 | 5.82 | 4.35 | 3.38 | 3.72 |
| Free Cash Flow | 198.55M | 120.21M | 150.11M | 130.05M | 137.73M | 90.27M |
| Free Cash Flow Per Share | 10.82 | 6.49 | 7.93 | 6.85 | 7.24 | 4.72 |
| Dividend Per Share | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
| Gross Margin | 37.16% | 37.16% | 36.53% | 35.57% | 36.27% | 36.93% |
| Operating Margin | 7.79% | 7.77% | 8.39% | 7.09% | 6.58% | 7.65% |
| Profit Margin | 4.86% | 4.89% | 5.46% | 4.21% | 3.61% | 4.58% |
| Free Cash Flow Margin | 10.90% | 6.42% | 7.43% | 6.62% | 7.74% | 5.81% |
| EBITDA | 197.06M | 203.61M | 222.90M | 199.86M | 167.03M | 150.81M |
| EBITDA Margin | 10.82% | 10.87% | 11.04% | 10.18% | 9.38% | 9.71% |
| D&A For EBITDA | 55.25M | 58.15M | 53.48M | 60.74M | 49.92M | 31.97M |
| EBIT | 141.81M | 145.47M | 169.43M | 139.12M | 117.12M | 118.84M |
| EBIT Margin | 7.79% | 7.77% | 8.39% | 7.09% | 6.58% | 7.65% |
| Effective Tax Rate | 21.09% | 18.22% | 20.20% | 14.43% | 23.50% | 28.93% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.62M | 5.30M | 4.96M | 6.36M | 11.26M | 8.25M |
| Trading Asset Securities | 338.00K | 825.00K | 4.82M | 5.05M | ||
| Cash & Short-Term Investments | 4.96M | 5.30M | 5.79M | 11.18M | 16.31M | 8.25M |
| Accounts Receivable | 435.86M | 424.68M | 445.86M | 407.32M | 401.43M | 375.55M |
| Other Receivables | 18.31M | 18.09M | 6.26M | 2.34M | 11.62M | 10.82M |
| Receivables | 454.17M | 442.77M | 452.12M | 409.65M | 413.04M | 386.38M |
| Prepaid Expenses | 20.72M | 18.39M | 20.31M | 23.23M | 35.66M | 42.09M |
| Restricted Cash | 99.28M | 47.98M | 13.86M | 3.09M | 1.71M | 12.18M |
| Other Current Assets | 6.00K | 267.00K | ||||
| Total Current Assets | 579.13M | 514.44M | 492.07M | 447.16M | 466.72M | 449.16M |
| Property, Plant & Equipment | 154.16M | 164.63M | 182.03M | 208.75M | 234.47M | 229.47M |
| Long-Term Investments | 354.00K | 129.00K | 398.00K | 4.18M | ||
| Goodwill | 1.25B | 1.25B | 1.25B | 1.22B | 1.21B | 1.05B |
| Other Intangible Assets | 68.41M | 83.16M | 133.50M | 107.70M | 126.54M | 94.14M |
| Long-Term Deferred Tax Assets | 1.60M | |||||
| Long-Term Deferred Charges | 2.00M | 2.80M | 2.60M | |||
| Other Long-Term Assets | 44.64M | 33.74M | 5.36M | 25.68M | 47.45M | 30.00M |
| Total Assets | 2.10B | 2.05B | 2.07B | 2.01B | 2.09B | 1.85B |
| Accounts Payable | 83.81M | 123.52M | 159.52M | 134.50M | 135.78M | 105.65M |
| Accrued Expenses | 102.07M | 112.48M | 128.87M | 106.55M | 112.91M | 99.88M |
| Current Portion of Long-Term Debt | 26.00M | 23.25M | 13.03M | |||
| Current Portion of Leases | 18.52M | 21.49M | 23.33M | 22.93M | 21.69M | 34.90M |
| Current Income Taxes Payable | 7.01M | 6.63M | 5.27M | |||
| Current Unearned Revenue | 45.72M | 43.44M | 24.58M | 22.00M | 25.77M | 39.66M |
| Other Current Liabilities | 167.88M | 103.33M | 112.87M | 99.24M | 89.97M | 78.24M |
| Total Current Liabilities | 417.99M | 404.28M | 449.18M | 418.23M | 415.99M | 376.63M |
| Long-Term Debt | 406.27M | 403.42M | 411.90M | 404.41M | 533.08M | 412.49M |
| Long-Term Leases | 140.00M | 148.49M | 167.20M | 189.33M | 198.37M | 191.81M |
| Long-Term Deferred Tax Liabilities | 21.51M | 6.84M | 26.18M | 68.04M | 41.91M | |
| Other Long-Term Liabilities | 57.38M | 58.67M | 55.62M | 56.05M | 23.57M | 23.22M |
| Total Liabilities | 1.05B | 1.02B | 1.08B | 1.09B | 1.24B | 1.05B |
| Common Stock | 24.00K | 24.00K | 24.00K | 24.00K | 23.00K | 23.00K |
| Additional Paid-In Capital | 476.94M | 465.78M | 443.46M | 421.50M | 401.96M | 384.98M |
| Retained Earnings | 998.49M | 956.08M | 874.77M | 775.10M | 703.03M | 649.30M |
| Treasury Stock | -412.71M | -379.97M | -320.05M | -267.15M | -243.67M | -219.80M |
| Comprehensive Income & Other | -12.82M | -13.43M | -15.75M | -11.88M | -8.13M | -11.04M |
| Shareholders' Equity | 1.05B | 1.03B | 982.46M | 917.59M | 853.21M | 803.47M |
| Total Liabilities & Equity | 2.10B | 2.05B | 2.07B | 2.01B | 2.09B | 1.85B |
| Total Debt | 564.79M | 573.40M | 602.42M | 642.67M | 776.39M | 652.23M |
| Net Cash (Debt) | -559.83M | -568.10M | -596.64M | -631.49M | -760.08M | -643.97M |
| Net Cash Per Share | -30.51 | -30.68 | -31.53 | -33.25 | -39.93 | -33.67 |
| Filing Date Shares Outstanding | 17.93M | 18.27M | 18.44M | 18.72M | 18.73M | 18.77M |
| Total Common Shares Outstanding | 17.93M | 18.25M | 18.67M | 18.85M | 18.88M | 18.88M |
| Working Capital | 161.13M | 110.16M | 42.89M | 28.93M | 50.73M | 72.53M |
| Book Value Per Share | 58.54 | 56.36 | 52.63 | 48.69 | 45.18 | 42.56 |
| Tangible Book Value | -269.95M | -306.88M | -399.90M | -409.60M | -486.22M | -337.44M |
| Tangible Book Value Per Share | -15.05 | -16.82 | -21.42 | -21.73 | -25.75 | -17.88 |
| Machinery | 69.72M | 71.88M | 74.43M | 74.34M | 69.24M | |
| Leasehold Improvements | 51.60M | 53.10M | 54.40M | 58.13M | 34.64M | |
| Order Backlog | 3.40B | 3.79B | 3.78B | 3.86B | 3.20B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 88.55M | 91.59M | 110.17M | 82.61M | 64.24M | 71.13M |
| Depreciation & Amortization | 55.25M | 58.15M | 53.48M | 60.74M | 49.92M | 31.97M |
| Other Amortization | 617.00K | |||||
| Loss (Gain) From Sale of Assets | -2.01M | -7.59M | ||||
| Asset Writedown & Restructuring Costs | 7.90M | |||||
| Stock-Based Compensation | 18.25M | 17.69M | 16.72M | 14.86M | 13.17M | 13.23M |
| Provision & Write-off of Bad Debts | 610.00K | -429.00K | 1.67M | 1.16M | 248.00K | 10.91M |
| Other Operating Activities | 33.23M | 7.40M | -19.69M | -9.34M | 18.11M | 9.61M |
| Change in Accounts Receivable | 32.65M | 47.40M | -34.87M | -17.48M | -21.90M | -15.95M |
| Change in Accounts Payable | -39.77M | -36.83M | 24.15M | -1.49M | 30.00M | 13.48M |
| Change in Income Taxes | -10.19M | -11.69M | -5.39M | 9.28M | -1.53M | -12.80M |
| Change in Other Net Operating Assets | 40.94M | -31.40M | 27.31M | 19.63M | 9.94M | -19.89M |
| Operating Cash Flow | 219.52M | 141.87M | 171.54M | 152.38M | 162.21M | 110.20M |
| Capital Expenditures | -20.98M | -21.66M | -21.43M | -22.34M | -24.48M | -19.93M |
| Cash Acquisitions | -55.01M | -32.66M | -237.28M | -174.55M | ||
| Divestitures | 1.99M | 51.33M | ||||
| Other Investing Activities | -255.00K | 148.00K | -353.00K | 2.91M | ||
| Investing Cash Flow | -21.23M | -21.51M | -74.81M | -3.67M | -258.84M | -194.48M |
| Short-Term Debt Issued | 1.37B | 1.29B | 1.29B | 1.58B | 881.04M | |
| Total Debt Issued | 1.57B | 1.37B | 1.29B | 1.29B | 1.58B | 881.04M |
| Short-Term Debt Repaid | -1.38B | -1.31B | -1.41B | -1.45B | -773.26M | |
| Total Debt Repaid | -1.63B | -1.38B | -1.31B | -1.41B | -1.45B | -773.26M |
| Net Debt Issued (Repaid) | -51.93M | -16.05M | -24.19M | -120.40M | 137.81M | 107.77M |
| Issuance of Common Stock | 4.26M | 4.63M | 5.13M | 4.41M | 2.85M | |
| Repurchase of Common Stock | -50.82M | -59.92M | -52.90M | -23.49M | -21.22M | -20.04M |
| Common Dividends Paid | -10.26M | -10.36M | -10.51M | -10.54M | -10.55M | -10.56M |
| Other Financing Activities | -7.08M | -2.61M | -4.43M | -2.57M | -15.68M | -56.78M |
| Financing Cash Flow | -115.82M | -84.31M | -86.90M | -152.59M | 90.37M | 23.23M |
| Foreign Exchange Rate Adjustments | -375.00K | 1.46M | -473.00K | 359.00K | -1.20M | -511.00K |
| Net Cash Flow | 82.10M | 37.51M | 9.37M | -3.52M | -7.46M | -61.55M |
| Free Cash Flow | 198.55M | 120.21M | 150.11M | 130.05M | 137.73M | 90.27M |
| Free Cash Flow Margin | 10.90% | 6.42% | 7.43% | 6.62% | 7.74% | 5.81% |
| Free Cash Flow Per Share | 10.82 | 6.49 | 7.93 | 6.85 | 7.24 | 4.72 |
| Levered Free Cash Flow | 82.74M | 64.20M | 150.74M | 136.14M | 135.82M | 61.82M |
| Unlevered Free Cash Flow | 100.58M | 83.47M | 169.24M | 160.94M | 150.37M | 67.44M |
| Cash Interest Paid | 26.58M | 29.28M | 30.05M | 34.09M | 22.78M | 10.33M |
| Cash Income Tax Paid | 1.85M | 28.07M | 58.81M | 23.22M | 16.48M | 34.13M |
| Change in Working Capital | 23.62M | -32.52M | 11.20M | 9.94M | 16.52M | -35.17M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.77B | 1.57B | 2.24B | 2.52B | 1.87B | 1.94B |
| Enterprise Value | 2.33B | 2.20B | 2.85B | 3.26B | 2.78B | 2.34B |
| Last Close Price | 98.52 | 84.81 | 117.77 | 131.96 | 97.04 | 99.91 |
| PE Ratio | 20.37 | 17.17 | 20.30 | 30.54 | 29.05 | 27.21 |
| Forward PE | 13.24 | 12.55 | 15.33 | 20.87 | 16.57 | 21.14 |
| PS Ratio | 0.97 | 0.84 | 1.11 | 1.28 | 1.05 | 1.25 |
| PB Ratio | 1.68 | 1.53 | 2.28 | 2.75 | 2.19 | 2.41 |
| P/FCF Ratio | 8.90 | 13.08 | 14.90 | 19.40 | 13.55 | 21.44 |
| P/OCF Ratio | 8.05 | 11.09 | 13.04 | 16.56 | 11.51 | 17.56 |
| PEG Ratio | 0.83 | 0.78 | 0.96 | 1.30 | 1.04 | 1.32 |
| EV/Sales Ratio | 1.28 | 1.17 | 1.41 | 1.66 | 1.56 | 1.50 |
| EV/EBITDA Ratio | 11.81 | 10.78 | 12.78 | 16.29 | 16.65 | 15.50 |
| EV/EBIT Ratio | 16.41 | 15.09 | 16.81 | 23.41 | 23.74 | 19.67 |
| EV/FCF Ratio | 11.72 | 18.27 | 18.98 | 25.04 | 20.19 | 25.89 |
| Debt / Equity Ratio | 0.54 | 0.56 | 0.61 | 0.70 | 0.91 | 0.81 |
| Debt / EBITDA Ratio | 2.63 | 2.57 | 2.45 | 2.85 | 3.78 | 3.49 |
| Debt / FCF Ratio | 2.85 | 4.77 | 4.01 | 4.94 | 5.64 | 7.22 |
| Net Debt / Equity Ratio | 0.53 | 0.55 | 0.61 | 0.69 | 0.89 | 0.80 |
| Net Debt / EBITDA Ratio | 2.84 | 2.79 | 2.68 | 3.16 | 4.55 | 4.27 |
| Net Debt / FCF Ratio | 2.82 | 4.73 | 3.98 | 4.86 | 5.52 | 7.13 |
| Asset Turnover | 0.87 | 0.91 | 0.99 | 0.96 | 0.90 | 0.88 |
| Quick Ratio | 1.10 | 1.11 | 1.02 | 1.01 | 1.03 | 1.05 |
| Current Ratio | 1.39 | 1.27 | 1.09 | 1.07 | 1.12 | 1.19 |
| Return on Equity (ROE) | 8.64% | 9.11% | 11.60% | 9.33% | 7.76% | 9.18% |
| Return on Assets (ROA) | 4.25% | 4.42% | 5.19% | 4.24% | 3.71% | 4.22% |
| Return on Invested Capital (ROIC) | 6.90% | 7.49% | 8.64% | 7.53% | 5.85% | 6.39% |
| Return on Capital Employed (ROCE) | 8.40% | 8.80% | 10.50% | 8.70% | 7.00% | 8.10% |
| Earnings Yield | 4.91% | 5.82% | 4.93% | 3.27% | 3.44% | 3.67% |
| FCF Yield | 11.24% | 7.64% | 6.71% | 5.15% | 7.38% | 4.66% |
| Dividend Yield | 0.57% | 0.65% | 0.47% | 0.42% | 0.57% | 0.55% |
| Payout Ratio | 11.58% | 11.31% | 9.54% | 12.75% | 16.42% | 14.85% |
| Buyback Yield / Dilution | 2.08% | 2.16% | 0.36% | 0.21% | 0.48% | 0.06% |
| Total Shareholder Return | 2.65% | 2.81% | 0.83% | 0.62% | 1.04% | 0.60% |