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MARKETS / NASDAQ / ICFI
NASDAQ · SERVICES-MANAGEMENT CONSULTING SERVICES · LARGE CAP

ICF International, Inc. ICFI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.9B
▼ 7.3% YoY
$91.6M
▼ 16.9% YoY
$120.2M
▼ 19.9% YoY
In brief

What this company does

The company provides professional services and technology-based solutions, including management, technology, and policy consulting and implementation services, to government and commercial clients. Its services primarily support clients operating in three key markets: Energy, Environment, Infrastructure, and Disaster Recovery; Health and Social Programs; and Security and Other Civilian & Commercial. As of December 31, 2025, it had approximately 8,400 full-time and part-time employees around the globe. For the year ended December 31, 2025, it generated revenue of $1,872.9 million. It serves clients from its headquarters in the Washington, D.C. metropolitan area, 49 regional offices throughout the United States, and 14 offices outside the United States, including in the United Kingdom, Belgium, Spain, India, and Canada. It reports its operating results and financial data in one operating and reportable segment. It organizes its services into five areas: Advisory Services, Program Implementation, Analytics Services, Digital Services, and Engagement Services. ICF International, Inc. was formed in 1999 as a Delaware limited liability company under the name ICF Consulting Group Holdings, LLC, to purchase its principal operating subsidiary, which had been founded in 1969.

Written from the business description in ICF International, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.9B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.9 · Net income 0.1
0.8B1.6B200920112013201520172019202120232025
Compound annual growth
+1.7%
+4.4%
+5.2%
+6.2%
+12.5%
+10.8%
+8.8%
+8.4%
+13.6%
+11.5%
+9.5%
+8.9%
+0.0%
+0.0%
−0.6%
−0.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.4% a year over five years — but profit grew faster: net income at +10.8%, earnings per share at +11.5%.

The share count fell from 0.02B to 0.02B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.8% · Net 4.9%
5%200920112013201520172019202120232025
ROE
FY2025 · ROE 9.1%
5%10%200920112013201520172019202120232025

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 10.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 120.2
80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 10.4 · Net buybacks —
4M8M20182019202020212022202320242025

USD 10.4M in dividends — 11% of the year's profit went back to shareholders.

Total assetsUSD 2.1B
EquityUSD 1.0B
CashUSD 5.3M
Gross debtUSD 401.4M
Net debtUSD 396.1M
Current ratio1.27×

Net debt stands at 39% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.92.02.01.81.61.51.51.31.21.21.11.10.90.90.80.80.7
Operating income $B0.10.20.10.10.10.10.10.10.10.10.10.10.10.10.10.00.0
EBITDA $B0.20.20.20.20.10.10.10.10.10.10.10.10.10.10.10.10.1
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.10.10.10.10.10.10.10.00.00.00.00.00.00.00.0
Free cash flow $B0.10.20.10.10.10.20.10.10.10.10.10.10.10.10.00.10.0
EPS, diluted $4.955.824.353.383.722.873.593.183.272.402.002.001.951.911.751.381.40
Dividend / sh $0.560.560.560.560.560.560.560.56·········
Payout %1110131615191513·········
ROE %9.111.69.37.89.27.510.09.610.68.67.78.28.79.39.48.17.0
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.020.020.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Management Consulting Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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