ICFI Financials Icf International, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 4.4% per year over the past 5 years.
Net income has grown faster than revenue (10.9% vs 4.4% per year).
Operating margin has expanded, at 7.8% in the latest year.
Free cash flow has declined 5.0% per year over the past 5 years.

Financial health

Total debt ($401M) exceeds cash ($5M); net debt is $396M.
Total debt has grown in line with revenue (5.1% vs 4.4% per year).
Operating income covered interest expense 4.7× in the latest year.
Total debt is 2.0× EBITDA.

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 11.3% of earnings and 8.6% of free cash flow.
The dividend has declined 0.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.9B	$92M	37.2%	7.8%	8.9%	4.5%	$120M	$401M	$5M
2024	$2.0B	$110M	36.5%	8.2%	11.2%	5.3%	$150M	$412M	$5M
2023	$2.0B	$83M	35.6%	6.7%	9.0%	4.1%	$130M	$430M	$6M
2022	$1.8B	$64M	36.3%	6.1%	7.5%	3.1%	$138M	$556M	$11M
2021	$1.6B	$71M	36.9%	7.1%	8.8%	3.8%	$90M	$422M	$8M
2020	$1.5B	$55M	35.5%	5.9%	7.4%	3.3%	$155M	$313M	$14M
2019	$1.5B	$69M	35.5%	6.9%	9.6%	4.9%	$65M	$164M	$6M
2018	$1.3B	$61M	35.9%	6.9%	9.3%	5.1%	$53M	$200M	$12M
2017	$1.2B	$63M	37.2%	6.7%	10.2%	5.7%	$103M	$206M	$12M
2016	$1.2B	$47M	37.1%	7.0%	8.2%	4.3%	$66M	$259M	$6M
2015	—	$39M	—	—	7.5%	3.6%	$64M	$312M	$8M
2014	—	$40M	—	—	8.0%	3.6%	$69M	$350M	$12M
2013	—	$39M	—	—	8.3%	5.6%	$69M	$40M	$9M
2012	—	$38M	—	—	8.9%	5.4%	$74M	$105M	$15M
2011	—	$35M	—	—	8.9%	5.0%	$49M	$145M	$4M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$474M	$27M	37.2%	8.4%	2.6%	1.3%	$94M	$406M	$5M
Mar '26	$438M	$21M	38.1%	8.0%	2.0%	1.0%	-$6M	$439M	$4M
Dec '25	$444M	$17M	35.7%	6.5%	1.7%	0.8%	$69M	$401M	$5M
Sep '25	$465M	$24M	37.6%	8.3%	2.3%	1.1%	$42M	$449M	$4M
Jun '25	$476M	$24M	37.3%	8.4%	2.4%	1.1%	$46M	$462M	$7M
Mar '25	$488M	$27M	38.0%	7.9%	2.8%	1.3%	-$36M	$502M	$6M
Dec '24	$496M	$25M	36.1%	7.3%	2.5%	1.2%	$89M	$412M	$5M
Sep '24	$517M	$33M	37.1%	8.9%	3.3%	1.6%	$20M	$419M	$7M
Jun '24	$512M	$26M	35.7%	8.3%	2.7%	1.3%	$55M	$434M	$4M
Mar '24	$494M	$27M	37.2%	8.3%	3.0%	1.4%	-$15M	$475M	$4M
Dec '23	$478M	$22M	36.5%	7.7%	2.4%	1.1%	$102M	$430M	$6M
Sep '23	$502M	$24M	35.5%	6.4%	2.7%	1.2%	$21M	$534M	$5M
Jun '23	$500M	$20M	34.9%	6.4%	2.3%	1.0%	$30M	$602M	$7M
Mar '23	$483M	$16M	35.3%	6.5%	1.9%	0.8%	-$23M	$598M	$5M
Dec '22	$476M	$9M	36.9%	4.8%	1.0%	0.4%	$148M	$556M	$11M
Sep '22	$468M	$19M	34.3%	6.0%	2.3%	0.9%	-$6M	$702M	$8M
Jun '22	$423M	$18M	36.4%	7.0%	2.2%	1.0%	$9M	$450M	$6M
Mar '22	$413M	$18M	37.6%	6.7%	2.2%	1.0%	-$14M	$460M	$7M
Dec '21	$388M	$12M	36.4%	4.8%	1.5%	0.7%	$38M	$422M	$8M
Sep '21	$394M	$20M	35.5%	8.2%	2.6%	1.3%	$54M	$280M	$8M

Valuation over time

How the market has priced ICFI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 30.7× (Mar '23) to 19.2× (Nov '26).
The price-to-sales ratio has fallen from 1.1× (Mar '23) to 0.9× (Nov '26).
The dividend yield has risen from 0.5% (Mar '23) to 0.6% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ICFI growing its revenue and profit?

Over the past 5 years, Icf International, Inc.'s revenue has grown 4.4% per year, and net income grown 10.9% per year. These are computed facts, not advice.

How much debt does ICFI have?

As of FY2025, Icf International, Inc. reported $401M of total debt against $5M of cash; operating income covered interest expense 4.7×.

What is ICFI's profit margin?

In FY2025, gross margin was 37.2%, operating margin 7.8%, and net margin 4.9%.

What is ICFI's P/E ratio?

Icf International, Inc.'s P/E (TTM) is 19.95 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ICFI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 19.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.