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ICF International Inc

icf.com

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.

Products & 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.

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.

Customers & 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.

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.

Financial Snapshot

Revenue
TTM
$1.823B
Gross Margin
TTM
37.18%
Net Income
TTM
$85.26M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
147.73%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
1.032B
Cash
2026 Q1
P/E
TTM
17.18
Free Cash Flow
TTM
$150.7M

Stock Price

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Market Cap: $1.465 Billion

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