# ICF International Inc. (ICFI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Professional Services. Price $88.00, market value $1.6 billion.

## Valuation
- **P/E (trailing): 18.2×** (5-yr avg 24.7×, 3-yr avg 22.6×). ICF International Inc. trades at 18.2× trailing earnings, well below its own five-year average of 24.7×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 11.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.0×**. Enterprise value is 10.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 12.6%** (5-yr avg 6.3%). Free cash flow equals 12.6% of the market value, above its five-year average of 6.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Operating margin: 7.8%**. 7.8% of revenue is left after running the business.
- **Net margin: 4.9%**. 4.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.9%**. 8.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.9%**. Return on all capital, debt included, is 7.9%.
- **Return on assets: 4.3%**. Each dollar of assets produces 4.3% of profit.

## Growth
- **Revenue growth (1 yr): -7.3%** (3-yr 1.7%/yr, 5-yr 4.4%/yr). Revenue fell 7.3% over the last year, against 4.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -14.9%** (3-yr 13.6%/yr, 5-yr 11.5%/yr). Earnings per share fell 14.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -4.4%/yr**. Free cash flow has compounded at -4.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.39**. Debt is 0.39 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.0×**. It would take 2.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.78**. A Z-score of 2.78 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.64%** ($0.56 per share, trailing). ICF International Inc. yields 0.64%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 11%** (5% of free cash flow). 11% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): -6.0%** (YTD 3.6%, 3-mo 25.9%). The shares are down 6.0% over twelve months including dividends.
- **From 52-week high: -13.3%** (49.6% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.35** (volatility 40%). Beta of 0.35 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ICFI · Page: https://foliofundamentals.com/stocks/icfi

Not investment advice.