ICF International (ICFI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ICF International

NasdaqGS•Industrials•Consulting Services

$88.29+2.34(0.03%)After hours

Market Cap

$1.53B

P/E

17.3x

P/S

0.8x

P/B

1.5x

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 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. The company serves energy, environment, infrastructure, and disaster recovery; health and social programs; and security and other civilian and commercial markets; U.S. federal government departments and agencies, local government departments and agencies, international governments, and commercial clients. The company was formerly known as ICF Consulting Group Holdings, LLC and changed its name to ICF International, Inc. in 2006. ICF International, Inc. was founded in 1969 and is headquartered in Reston, Virginia.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Cash & Earnings Quality (23/25); weakest: Growth (5/25).

Profitability11/25

Growth5/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowLow leverageCash-backed earningsImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.3x5y range 14.1x – 35.9x

Currently below its 20-quarter median.

P/S · 0.8x5y range 0.7x – 1.6x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.2x – 3.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Revenue Decline

Red Flag

Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $1.53B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.82B
Q. Revenue: $474.50M
TTM EBITDA: $197.06M
TTM Op. Income: $141.81M
Q. Op. Income: $39.89M
TTM Net Income: $88.55M
Q. Net Income: $26.95M
EPS: $1.5
Shares Out.: $18.01M

$1.82B in TTM revenue declined 7.9% YoY, reaching $474.50M last quarter. TTM EBITDA of $197.06M and TTM operating income of $141.81M show growth is flowing through to the bottom line. TTM net income of $88.55M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 6 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.2%
EBITDA Margin: 11.2%
Op. Margin: 8.4%
Net Margin: 5.7%

Op. margin of 8.4% is up 0.0% YoY — cost efficiency is improving. Net margin at 5.7% and gross margin of 37.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.3x
P/S Ratio: 0.8x
P/B Ratio: 1.5x

At 17.3x P/E, the stock trades within typical market levels. P/S of 0.8x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 20% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.10B
Cash: $4.62M
Long-Term Debt: $406.23M
Book Value: $1.05B
D/E Ratio: 0.4
Debt/EBITDA: 7.6

With $2.10B in assets and $406.23M in long-term debt, D/E is 0.4and book value is $1.05B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 16% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $99.72M
TTM Free Cash Flow: $198.55M
FCF Margin: 10.9%
FCF / Net Income: 2.2

TTM FCF of $198.55M on $99.72M in operating cash flow. The FCF / Net Income ratio of 2.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.