ICF International, Inc. (ICFI) Stock Price & Analysis
ICF International, Inc. (ICFI) closed at USD 93.33 on Thursday, October 22, 2026, up 3.76% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 89.95; the Oct 22, 2026 session ranged USD 91–93.6 on volume of 231,273 shares. Market capitalization is $1.67B, with a 52-week range of USD 58.83–98.03 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ICFI.md
Key facts (ICFI)
- Last four reported quarters (through Jun 30, 2026): revenue $1.82B, net income $88.5M (4.9% margin), free cash flow $199M (SEC filings).
- Valuation: P/E 18.9x (avg 22.8x at the last 3 fiscal year-ends), EV/EBITDA 10.5x, net debt $403M.
- 1 of 80 tracked superinvestors hold ICFI (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $1.7M; 1 not under a Rule 10b5-1 plan ($177K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $491K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 107.25 (range 80–124).
- Total return with dividends: 1Y +3.5% vs S&P 500 +14.9%; 5Y -1.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.92, revenue estimate $491M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ICFI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.78B | $1.96B | $2.02B | $1.87B | $1.82B |
| Gross profit | $573M | $646M | $698M | $738M | $696M | — |
| Operating income | $111M | $109M | $132M | $166M | $145M | $142M |
| Net income | $71.1M | $64.2M | $82.6M | $110M | $91.6M | $88.5M |
| EPS (diluted) | $3.72 | $3.38 | $4.35 | $5.82 | $4.95 | — |
| Free cash flow | $90.3M | $138M | $130M | $150M | $120M | $199M |
| Gross margin | 36.9% | 36.3% | 35.6% | 36.5% | 37.2% | — |
| Operating margin | 7.1% | 6.1% | 6.7% | 8.2% | 7.8% | 7.8% |
| Net margin | 4.6% | 3.6% | 4.2% | 5.5% | 4.9% | 4.9% |
| Revenue growth | +3.1% | +14.6% | +10.3% | +2.9% | -7.3% | — |
| Cash + short-term investments | $8.3M | $11.3M | $6.4M | $5.0M | $5.3M | — |
| Total debt | $422M | $556M | $430M | $412M | $403M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ICFI)
P/E 18.9x · P/S 0.9x · EV/EBITDA 10.5x · EV/Sales 1.1x · P/FCF 8.4x · P/B 1.6x · FCF yield 11.86% · Earnings yield 5.29% · Dividend yield (paid, TTM) 0.61% · Net debt $403M · EV $2.08B
P/E at fiscal year-ends: Dec 2025 17.2x, Dec 2024 20.5x, Dec 2023 30.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (ICFI)
1 of 80 tracked investors hold ICFI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 1.15% | $7.2M | Added +37.9% |
Insider sales (SEC Form 4, open-market, last ~7 months) (ICFI)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-01 | Wasson John | CEO & President | 6,400 | $565K | 6.3% | Yes (adopted March 7, 2026) | Too little history (no open-market trades in 2025) |
| 2026-08-26 | Ostria Sergio J | Executive Vice President | 2,000 | $177K | 7.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-13 | Wasson John | CEO & President | 12,411 | $994K | 10.9% | Yes (adopted March 7, 2026) | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (ICFI)
1 purchase, $491K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-15 | Van Handel Michael J | Director | 8,000 | $491K | 61.39 | Too little history (no open-market trades in 2024 or 2025) |
Analysts (ICFI)
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 107.25 (low 80, high 124).
Total return (dividends reinvested) (ICFI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +3.5% | -1.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +3.5% | -0.3% |
| Volatility (annualized) | 40.2% | 34.0% |
| Max drawdown | -38.2% (Jan 2026→May 2026) | -64.4% (Oct 2024→May 2026) |
ICFI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| US State & International Government | $308.5M | 65.0% | -3.4% |
| — US Federal Government (part of US State & International Government) | $184.9M | 39.0% | -9.5% |
| — US State & Local Government (part of US State & International Government) | $84.0M | 17.7% | -1.9% |
| — International Government (part of US State & International Government) | $39.5M | 8.3% | +35.1% |
| Commercial | $166.0M | 35.0% | +5.9% |
| Total revenue | $474.5M | 100% | — |
ICFI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Energy Environment Infrastructure & Disaster Recovery | $251.1M | 52.9% | +1.0% |
| Health & Social Programs | $158.7M | 33.5% | +0.1% |
| Security & Other Civilian & Commercial | $64.7M | 13.6% | -6.3% |
| Total revenue | $474.5M | 100% | — |
ICFI revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.71B | 91.5% | -8.3% |
| Non Us | $159.0M | 8.5% | +5.5% |
| Total revenue | $1.87B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ICFI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.92 | $1.99 | -3.4% | $490.8M | 5 |
| Next quarter (ends Dec 2026) | $1.83 | $1.88 | -2.8% | $501.4M | 5 |
| Current fiscal year (ends Dec 2026) | $7.11 | $7.02 | +1.2% | $1.90B | 5 |
| Next fiscal year (ends Dec 2027) | $7.71 | $7.68 | +0.4% | $2.02B | 5 |
ICFI options: expected move
Options price a move of about ±8.6% (±$8.00) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±5.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 37.3% | ±8.6% |
| Dec 18, 2026 | 56 | 34.2% | ±10.9% |
| Mar 19, 2027 | 147 | 35.7% | ±18.2% |
| Jun 17, 2027 | 237 | 36.6% | ±23.5% |
30-day implied volatility 35.8% vs 26.7% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 93.33 |
|---|---|
| Change | ▲ 3.76% (up) |
| Previous Close | USD 89.95 |
| Open | USD 91 |
| Day Range | USD 91 – 93.6 |
| 52-Week Range | USD 58.83 – 98.03 |
| Volume | 231,273 shares |
| Market Cap | $1.67B |
| Exchange | NMS |
Technical Analysis (ICFI)
Nexqual's technical model rates ICFI "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 69.67 (neutral) |
| vs SMA50 | Above (USD 87.03) |
| MACD | 1.43 (positive) |
Analyst Ratings (ICFI)
Wall Street analysts rate ICFI "Buy" based on 5 analysts, with a mean price target of USD 107.25 (range USD 80–124), per Nexqual as of October 23, 2026 at 09:49 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 107.25 |
| High Target | USD 124 |
| Low Target | USD 80 |
| Buy / Hold / Sell | 4 / 1 / 0 |
Earnings (ICFI)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.92 |
| Revenue Estimate | $490.84M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.86 vs est 1.65 ▲ beat |
| 2026-03-31 | USD 1.5 vs est 1.55 ▼ miss |
| 2025-12-31 | USD 1.47 vs est 1.49 ▼ miss |
| 2025-09-30 | USD 1.67 vs est 1.73 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (ICFI)
| Total Revenue | $1.82B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -0.30% |
| Gross Margin | +37.16% |
| Operating Margin | +8.41% |
| Profit Margin | +4.86% |
| ROE | +8.64% |
| Debt / Equity | 0.54 |
| Current Ratio | 1.39 |
| Total Cash | $4.96M |
| Total Debt | $564.79M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $198.55M (10.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (ICFI)
Nexqual rates ICF International, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 37%, operating 8% (last 12 months) |
| Balance Sheet | Solid — $5M cash and investments vs $408M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $199M (last 4 quarters to Jun 2026, SEC), 11% margin |
| Efficiency | Mixed — ROE 9%, ROA 4.2% |
Ownership (ICFI)
| Insider Ownership | +1.90% |
|---|---|
| Institutional Ownership | +108.42% |
| Shares Outstanding | 17.93M |
| Float | 17.62M |
| Short % of Float | +4.41% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (ICFI)
ICF International, Inc. is led by John M. Wasson, Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 09:49 UTC.
| Chairman of the Board & CEO | John M. Wasson |
|---|---|
| President | Anne Choate |
| COO, CFO & Executive VP | James C. Morgan |
| Executive Vice President of Growth, Marketing & Innovation | Sergio Ostria |
| Senior VP & Chief Marketing Officer | Matthew Maurer |
Major Backers & Investors (ICFI)
Notable institutional backers of ICF International, Inc. include Alliancebernstein L.P., FMR, LLC, Wasatch Advisors LP, according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Alliancebernstein L.P. | 7.9% |
| FMR, LLC | 6.45% |
| Wasatch Advisors LP | 6.42% |
| Fidelity | 3.74% |
| AQR Capital Management, LLC | 3.17% |
| Estuary Capital Management LP | 3.01% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.12% |
| Dimensional Fund Advisors | 5.6% |
| Vanguard Group | 4.49% |
| Geode Capital | 2.72% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
From ICF International, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe that continuing to expand our client engagements into services we offer as part of our end-to-end client solutions enables us to pursue larger prime contract opportunities, which should provide a greater return on our business development efforts and allow for increased employee utilization.
- In fiscal years 2025, 2024, and 2023, our revenue by client type and contract type are as follows: In fiscal years 2025, 2024, and 2023, our largest client was the Department of Health and Human Services ("HHS") with 22%, 25%, and 26% of total revenue, respectively.
- Together, we provide end-to-end solutions that accelerate growth, strengthen resilience, and deliver measurable results.
- Our integrated solutions address reliability concerns, rising electricity demand, regulatory changes, and resilience needs driven by climate and infrastructure challenges.
Partnerships
- Increasing energy demand from data centers, cryptocurrency operations, and electrification of buildings and vehicles, combined with reliability concerns and evolving state and federal regulations, is driving significant investment in diverse and cleaner energy sources and related infrastructure.
- Our contracts and administration function supports bid price development in partnership with the business development account teams.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to various routine and non-routine governmental and other reviews, audits, and investigations and unfavorable results could force us to adjust previously reported operating results, affect future operating results, and subject us to a variety of penalties and sanctions.
- Our operations face continuous and evolving cybersecurity risks, including disruptions in critical systems, security breaches, and the unauthorized access to our and our clients' systems, any of which may harm our reputation, impose unexpected remediation costs, and expose us to potential liability.
- We depend on our intellectual property and our failure to protect it could harm our competitive position.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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|---|---|---|---|
| CRAI | CRA International,Inc. | USD 200.94 | ▲ 9.59% |
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| FCN | FTI Consulting, Inc. | USD 157.59 | ▲ 5.5% |
| SBC | SBC Medical Group Holdings Inco | USD 5.69 | ▲ 2.71% |
| ROMA | Roma Green Finance Limited | USD 6.82 | ▼ 7.78% |
| BAH | Booz Allen Hamilton Holding Cor | USD 78.57 | ▲ 4.7% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt