ICF International Inc (NASDAQ: ICFI) is a consulting and technology services company that delivers advisory, program management, and implementation services primarily to U.S. federal government agencies and commercial clients across energy, environment, health, and social policy markets. Revenue comes from fee-based contracts, largely awarded through competitive bidding, including task orders under U.S. General Services Administration Multiple Award Schedule and Indefinite Delivery/Indefinite Quantity vehicles. ICF operates as a single reportable segment, generating $1,872.9 million in FY2025 revenue, down from $2,019.8 million in FY2024. Total backlog stood at $3,405.0 million as of December 31, 2025. The company is headquartered in Reston, Virginia, with 49 regional U.S. offices and 14 international offices in the U.K., Belgium, Spain, India, and Canada. As of December 31, 2025, ICF employed approximately 8,400 full-time and part-time staff, with roughly 42% of benefits-eligible employees holding post-graduate degrees.

Revenue model

Fee-based professional services contracts, including time-and-materials, fixed-price, and cost-plus arrangements, awarded through competitive bidding or via GSA Schedule and IDIQ contract vehicles. Revenue is recognized as services are delivered across multi-year engagements.

Products and services

Advisory and consulting services, program design and implementation, technology modernization, IT integration, energy efficiency programs, electrification and decarbonization planning, environmental compliance, cybersecurity and resilience planning, public health program management, health communications, and social policy program delivery.

Customers and end markets

U.S. federal government agencies, U.S. state and local governments, utilities, energy developers, commercial enterprises. End markets include energy, environment and infrastructure, public health and social programs, and cybersecurity and technology modernization.

Value-chain role

Advisory and implementation services provider sitting between government or commercial clients and program outcomes. ICF designs, evaluates, and manages policies and programs rather than manufacturing products or operating infrastructure.

Geographic exposure

Primarily U.S.-based, with headquarters in Reston, Virginia and 49 regional U.S. offices. International presence through 14 offices including the U.K., Belgium, Spain, India, and Canada as of December 31, 2025.

Source: SEC 10-K, filed 2026-02-27

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