ICF INTERNATIONAL INC (ICFI) Fundamental Analysis & Valuation

NASDAQ:ICFI • US44925C1036

75.95 USD
+1.05 (+1.4%)
At close: Mar 6, 2026
75.95 USD
0 (0%)
After Hours: 3/6/2026, 8:25:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ICFI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ICFI. ICFI was compared to 87 industry peers in the Professional Services industry. Both the profitability and the financial health of ICFI get a neutral evaluation. Nothing too spectacular is happening here. ICFI is valued quite cheap, but it does not seem to be growing. These ratings would make ICFI suitable for value investing!


Dividend Valuation Growth Profitability Health

6

1. ICFI Profitability Analysis

1.1 Basic Checks

  • In the past year ICFI was profitable.
  • ICFI had a positive operating cash flow in the past year.
  • Of the past 5 years ICFI 4 years were profitable.
  • Of the past 5 years ICFI 4 years had a positive operating cash flow.
ICFI Yearly Net Income VS EBIT VS OCF VS FCFICFI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

  • ICFI has a Return On Assets (4.68%) which is in line with its industry peers.
  • With a Return On Equity value of 9.65%, ICFI perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • ICFI has a Return On Invested Capital (7.41%) which is comparable to the rest of the industry.
  • ICFI had an Average Return On Invested Capital over the past 3 years of 6.90%. This is significantly below the industry average of 12.74%.
  • The 3 year average ROIC (6.90%) for ICFI is below the current ROIC(7.41%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.68%
ROE 9.65%
ROIC 7.41%
ROA(3y)4.17%
ROA(5y)3.93%
ROE(3y)9.25%
ROE(5y)8.79%
ROIC(3y)6.9%
ROIC(5y)6.58%
ICFI Yearly ROA, ROE, ROICICFI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 5.13%, ICFI is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ICFI has grown nicely.
  • The Operating Margin of ICFI (7.96%) is better than 63.64% of its industry peers.
  • In the last couple of years the Operating Margin of ICFI has grown nicely.
  • ICFI has a Gross Margin (37.23%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of ICFI has remained more or less at the same level.
Industry RankSector Rank
OM 7.96%
PM (TTM) 5.13%
GM 37.23%
OM growth 3Y4.76%
OM growth 5Y3.67%
PM growth 3Y6.01%
PM growth 5Y3.2%
GM growth 3Y-0.36%
GM growth 5Y0.56%
ICFI Yearly Profit, Operating, Gross MarginsICFI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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5

2. ICFI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ICFI is destroying value.
  • There is no outstanding debt for ICFI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ICFI Yearly Shares OutstandingICFI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
ICFI Yearly Total Debt VS Total AssetsICFI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • ICFI has an Altman-Z score of 2.62. This is not the best score and indicates that ICFI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of ICFI (2.62) is comparable to the rest of the industry.
  • ICFI has a debt to FCF ratio of 3.27. This is a good value and a sign of high solvency as ICFI would need 3.27 years to pay back of all of its debts.
  • ICFI's Debt to FCF ratio of 3.27 is fine compared to the rest of the industry. ICFI outperforms 61.36% of its industry peers.
  • ICFI has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.45, ICFI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 3.27
Altman-Z 2.62
ROIC/WACC0.92
WACC8.06%
ICFI Yearly LT Debt VS Equity VS FCFICFI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

  • ICFI has a Current Ratio of 1.41. This is a normal value and indicates that ICFI is financially healthy and should not expect problems in meeting its short term obligations.
  • ICFI has a Current ratio (1.41) which is in line with its industry peers.
  • ICFI has a Quick Ratio of 1.41. This is a normal value and indicates that ICFI is financially healthy and should not expect problems in meeting its short term obligations.
  • ICFI has a Quick ratio of 1.41. This is comparable to the rest of the industry: ICFI outperforms 45.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 1.41
ICFI Yearly Current Assets VS Current LiabilitesICFI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. ICFI Growth Analysis

3.1 Past

  • The earnings per share for ICFI have decreased by -6.52% in the last year.
  • ICFI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.03% yearly.
EPS 1Y (TTM)-6.52%
EPS 3Y5.07%
EPS 5Y10.03%
EPS Q2Q%-21.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-10.61%

3.2 Future

  • ICFI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.18% yearly.
  • ICFI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.86% yearly.
EPS Next Y7.02%
EPS Next 2Y8.14%
EPS Next 3Y6.89%
EPS Next 5Y8.18%
Revenue Next Year2.73%
Revenue Next 2Y3.73%
Revenue Next 3Y5.37%
Revenue Next 5Y4.86%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
ICFI Yearly Revenue VS EstimatesICFI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
ICFI Yearly EPS VS EstimatesICFI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8

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7

4. ICFI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.27, which indicates a very decent valuation of ICFI.
  • Based on the Price/Earnings ratio, ICFI is valued a bit cheaper than 79.55% of the companies in the same industry.
  • ICFI is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 10.53, which indicates a very decent valuation of ICFI.
  • ICFI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ICFI is cheaper than 78.41% of the companies in the same industry.
  • ICFI is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.27
Fwd PE 10.53
ICFI Price Earnings VS Forward Price EarningsICFI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 76.14% of the companies in the same industry are more expensive than ICFI, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, ICFI is valued cheaply inside the industry as 82.95% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.84
EV/EBITDA 8.68
ICFI Per share dataICFI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ICFI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.6
PEG (5Y)1.12
EPS Next 2Y8.14%
EPS Next 3Y6.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ICFI Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.75%, ICFI is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.64, ICFI pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, ICFI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.75%

5.2 History

  • The dividend of ICFI has a limited annual growth rate of 0.11%.
  • ICFI has been paying a dividend for over 5 years, so it has already some track record.
  • ICFI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.11%
Div Incr Years0
Div Non Decr Years6
ICFI Yearly Dividends per shareICFI Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • ICFI pays out 10.52% of its income as dividend. This is a sustainable payout ratio.
  • ICFI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP10.52%
EPS Next 2Y8.14%
EPS Next 3Y6.89%
ICFI Yearly Income VS Free CF VS DividendICFI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
ICFI Dividend Payout.ICFI Dividend Payout, showing the Payout Ratio.ICFI Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

ICFI Fundamentals: All Metrics, Ratios and Statistics

ICF INTERNATIONAL INC

NASDAQ:ICFI (3/6/2026, 8:25:36 PM)

After market: 75.95 0 (0%)

75.95

+1.05 (+1.4%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-26
Earnings (Next)04-29
Inst Owners101.16%
Inst Owner Change-1.25%
Ins Owners1.52%
Ins Owner Change2.46%
Market Cap1.39B
Revenue(TTM)N/A
Net Income(TTM)98.84M
Analysts85.45
Price Target110.93 (46.06%)
Short Float %3.43%
Short Ratio4.14
Dividend
Industry RankSector Rank
Dividend Yield 0.75%
Yearly Dividend0.56
Dividend Growth(5Y)0.11%
DP10.52%
Div Incr Years0
Div Non Decr Years6
Ex-Date03-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.41%
Min EPS beat(2)-5.9%
Max EPS beat(2)1.08%
EPS beat(4)2
Avg EPS beat(4)0.73%
Min EPS beat(4)-5.9%
Max EPS beat(4)9.31%
EPS beat(8)6
Avg EPS beat(8)4.84%
EPS beat(12)9
Avg EPS beat(12)4.59%
EPS beat(16)11
Avg EPS beat(16)5.52%
Revenue beat(2)0
Avg Revenue beat(2)-4.85%
Min Revenue beat(2)-6.39%
Max Revenue beat(2)-3.32%
Revenue beat(4)0
Avg Revenue beat(4)-3.29%
Min Revenue beat(4)-6.39%
Max Revenue beat(4)-1.57%
Revenue beat(8)0
Avg Revenue beat(8)-2.63%
Revenue beat(12)1
Avg Revenue beat(12)-1.95%
Revenue beat(16)2
Avg Revenue beat(16)-2%
PT rev (1m)1.87%
PT rev (3m)6.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.57%
Valuation
Industry RankSector Rank
PE 11.27
Fwd PE 10.53
P/S 0.72
P/FCF 9.84
P/OCF 8.59
P/B 1.35
P/tB N/A
EV/EBITDA 8.68
EPS(TTM)6.74
EY8.87%
EPS(NY)7.21
Fwd EY9.5%
FCF(TTM)7.72
FCFY10.16%
OCF(TTM)8.85
OCFY11.65%
SpS105.39
BVpS56.05
TBVpS-17.34
PEG (NY)1.6
PEG (5Y)1.12
Graham Number92.2
Profitability
Industry RankSector Rank
ROA 4.68%
ROE 9.65%
ROCE 8.96%
ROIC 7.41%
ROICexc 7.43%
ROICexgc 34.7%
OM 7.96%
PM (TTM) 5.13%
GM 37.23%
FCFM 7.32%
ROA(3y)4.17%
ROA(5y)3.93%
ROE(3y)9.25%
ROE(5y)8.79%
ROIC(3y)6.9%
ROIC(5y)6.58%
ROICexc(3y)6.93%
ROICexc(5y)6.61%
ROICexgc(3y)39.19%
ROICexgc(5y)34.68%
ROCE(3y)8.35%
ROCE(5y)7.95%
ROICexgc growth 3Y22.5%
ROICexgc growth 5Y12.7%
ROICexc growth 3Y10.75%
ROICexc growth 5Y1.3%
OM growth 3Y4.76%
OM growth 5Y3.67%
PM growth 3Y6.01%
PM growth 5Y3.2%
GM growth 3Y-0.36%
GM growth 5Y0.56%
F-Score5
Asset Turnover0.91
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 3.27
Debt/EBITDA 2.18
Cap/Depr 36.19%
Cap/Sales 1.07%
Interest Coverage 5.96
Cash Conversion 76.86%
Profit Quality 142.64%
Current Ratio 1.41
Quick Ratio 1.41
Altman-Z 2.62
F-Score5
WACC8.06%
ROIC/WACC0.92
Cap/Depr(3y)41.98%
Cap/Depr(5y)48.13%
Cap/Sales(3y)1.19%
Cap/Sales(5y)1.21%
Profit Quality(3y)169.39%
Profit Quality(5y)183.54%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.52%
EPS 3Y5.07%
EPS 5Y10.03%
EPS Q2Q%-21.39%
EPS Next Y7.02%
EPS Next 2Y8.14%
EPS Next 3Y6.89%
EPS Next 5Y8.18%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-10.61%
Revenue Next Year2.73%
Revenue Next 2Y3.73%
Revenue Next 3Y5.37%
Revenue Next 5Y4.86%
EBIT growth 1Y-7.82%
EBIT growth 3Y14.35%
EBIT growth 5Y10.34%
EBIT Next Year20.68%
EBIT Next 3Y9.86%
EBIT Next 5Y10.49%
FCF growth 1Y-19.94%
FCF growth 3Y18.46%
FCF growth 5Y18.41%
OCF growth 1Y-19.68%
OCF growth 3Y15.9%
OCF growth 5Y13.42%

ICF INTERNATIONAL INC / ICFI FAQ

Can you provide the ChartMill fundamental rating for ICF INTERNATIONAL INC?

ChartMill assigns a fundamental rating of 5 / 10 to ICFI.


What is the valuation status for ICFI stock?

ChartMill assigns a valuation rating of 7 / 10 to ICF INTERNATIONAL INC (ICFI). This can be considered as Undervalued.


How profitable is ICF INTERNATIONAL INC (ICFI) stock?

ICF INTERNATIONAL INC (ICFI) has a profitability rating of 6 / 10.


What is the financial health of ICF INTERNATIONAL INC (ICFI) stock?

The financial health rating of ICF INTERNATIONAL INC (ICFI) is 5 / 10.


What is the expected EPS growth for ICF INTERNATIONAL INC (ICFI) stock?

The Earnings per Share (EPS) of ICF INTERNATIONAL INC (ICFI) is expected to grow by 7.02% in the next year.