📊 ICFI Key Takeaways
Is ICF International, Inc. (ICFI) a Good Investment?
While ICF reports extraordinary 6174% revenue growth (likely acquisition-driven), the company exhibits concerning operational deterioration: negative operating cash flow of -$3.1M and negative free cash flow of -$6.0M despite massive top-line expansion. With only $3.9M in cash against $439.2M in debt and weak interest coverage of 2.4x, the company faces material liquidity risk and lacks the cash generation capability to service debt sustainably.
ICF International shows solid operating profitability and strong cash generation with moderate leverage and healthy interest coverage, indicating sound financial health. However, flat net income and a notable EPS decline despite outsized reported revenue growth raise quality-of-growth and margin sustainability questions. Maintain a neutral stance pending evidence of margin expansion and continued high cash conversion.
Why Buy ICF International, Inc. Stock? ICFI Key Strengths
- Reasonable debt-to-equity ratio of 0.43x indicates moderate leverage
- Adequate current ratio of 1.48x provides near-term liquidity cushion
- $2.1B in total assets provides operational foundation for a consulting business
- Strong cash generation with 6.4% FCF margin and OCF near operating income
- Moderate leverage (0.39x D/E) and robust interest coverage (10.2x)
- Solid operating profitability for the model (7.8% operating margin)
ICFI Stock Risks: ICF International, Inc. Investment Risks
- Negative operating cash flow of -$3.1M despite massive revenue growth signals operational distress and poor working capital management
- Critically low cash position of $3.9M against $439.2M debt and -$6.0M free cash flow creates imminent refinancing risk
- Dilutive acquisition (EPS down 14.9% YoY) combined with extremely weak returns (ROE 2.0%, ROA 1.0%) indicates value-destroying integration
- Very low cash balance ($5.3M) limits flexibility relative to scale and debt
- Growth quality concerns: revenue surge not translating to earnings (flat NI, lower EPS)
- Potential margin pressure and working capital needs could weaken cash conversion
Key Metrics to Watch
- Operating cash flow trend toward positive territory and sustainability
- Cash balance and ability to service $439.2M debt without refinancing
- Interest coverage ratio improvement above 3.0x minimum threshold
- Operating margin trend
- FCF conversion (OCF/NI and FCF/Revenue)
ICF International, Inc. (ICFI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
ICF International, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
ICFI Profit Margin, ROE & Profitability Analysis
ICFI vs Services Sector: How ICF International, Inc. Compares
How ICF International, Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is ICF International, Inc. Stock Overvalued? ICFI Valuation Analysis 2026
Based on fundamental analysis, ICF International, Inc. has mixed fundamental signals relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
ICF International, Inc. Balance Sheet: ICFI Debt, Cash & Liquidity
ICFI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: ICF International, Inc.'s revenue has grown significantly by 30% over the 5-year period, indicating strong business expansion. The most recent EPS of $4.35 reflects profitable operations.
ICFI Revenue Growth, EPS Growth & YoY Performance
ICFI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $437.5M | $20.5M | $1.12 |
| Q3 2025 | $465.4M | $23.7M | $1.28 |
| Q2 2025 | $476.2M | $23.7M | $1.28 |
| Q1 2025 | $487.6M | $26.9M | $1.44 |
| Q3 2024 | $501.5M | $16.4M | $1.25 |
| Q1 2024 | $483.3M | $16.4M | $0.87 |
| Q3 2023 | $467.8M | $19.1M | $1.01 |
| Q2 2023 | $423.1M | $18.4M | $0.97 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ICF International, Inc. Dividends, Buybacks & Capital Allocation
ICFI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for ICF International, Inc. (CIK: 0001362004)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ICFI
What is the AI rating for ICFI?
ICF International, Inc. (ICFI) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ICFI's key strengths?
Claude: Reasonable debt-to-equity ratio of 0.43x indicates moderate leverage. Adequate current ratio of 1.48x provides near-term liquidity cushion. ChatGPT: Strong cash generation with 6.4% FCF margin and OCF near operating income. Moderate leverage (0.39x D/E) and robust interest coverage (10.2x).
What are the risks of investing in ICFI?
Claude: Negative operating cash flow of -$3.1M despite massive revenue growth signals operational distress and poor working capital management. Critically low cash position of $3.9M against $439.2M debt and -$6.0M free cash flow creates imminent refinancing risk. ChatGPT: Very low cash balance ($5.3M) limits flexibility relative to scale and debt. Growth quality concerns: revenue surge not translating to earnings (flat NI, lower EPS).
What is ICFI's revenue and growth?
ICF International, Inc. reported revenue of $437.5M.
Does ICFI pay dividends?
ICF International, Inc. pays dividends, with $2.6M distributed to shareholders in the trailing twelve months.
Where can I find ICFI SEC filings?
Official SEC filings for ICF International, Inc. (CIK: 0001362004) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ICFI's EPS?
ICF International, Inc. has a diluted EPS of $1.12.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ICFI a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, ICF International, Inc. has a SELL rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is ICFI stock overvalued or undervalued?
Valuation metrics for ICFI: ROE of 2.0% (sector avg: 16%), net margin of 4.7% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy ICFI stock in 2026?
Our dual AI analysis gives ICF International, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ICFI's free cash flow?
ICF International, Inc.'s operating cash flow is $-3.1M, with capital expenditures of $2.8M. FCF margin is -1.4%.
How does ICFI compare to other Services stocks?
Vs Services sector averages: Net margin 4.7% (avg: 10%), ROE 2.0% (avg: 16%), current ratio 1.48 (avg: 1.5).