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ICF International, Inc.

ICFIIndustrialsNASDAQ

Consulting Services

PriceMA150MA200
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Financials · Annual
Revenue
$1.87B
-7.3% YoY
Net Income
$91.6M
-16.9% YoY
EBITDA
$201.0M
-9.1% YoY
Free Cash Flow
$88.5M

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About ICF International, Inc.

ICF International, Inc. provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company carries a $1.25B market cap, placing it firmly in the small-cap category. The Company provides consulting and technology services across several key domains, such as strategy and public policy; energy and environmental sustainability; and climate resilience; digital transformation including information technology; modernization, cloud, cybersecurity, and data analytics; health and social programs including public health and education; international development and capacity building; disaster management and recovery planning; transportation, aviation, and infrastructure; and marketing and strategic communications.

Key stats
Market Cap$1.25B
P/E (TTM)14.87
Fwd P/E8.96
EPS$4.63
Beta0.56
52W Change-16.1%
Dividend Yield0.81%
ROE8.5%
Analysis

On the balance sheet, ICFI has $3.9M in cash with $603.7M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $88.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 8.5% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.3% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $1.78B (2022) to $1.87B (2025).

The relatively low beta of 0.56 suggests ICFI is a less volatile holding compared to the broader index. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for ICF International, Inc. and its sector.

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