ICF International (ICFI) Financials

$79.70 -5.58 (-6.54%)

As of 09:33 AM Eastern

Annual Income Statements for ICF International

This table shows ICF International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	40	39	47	63	61	69	55	71	64	83	110
Consolidated Net Income / (Loss)	40	39	47	63	61	69	55	71	64	83	110
Net Income / (Loss) Continuing Operations	40	39	47	63	61	69	55	71	64	83	110
Total Pre-Tax Income	64	64	75	74	83	90	75	100	84	97	138
Total Operating Income	69	75	83	82	92	101	89	111	109	132	166
Total Gross Profit	395	438	440	457	480	525	534	573	646	698	738
Total Revenue	1,050	1,132	1,185	1,229	1,338	1,479	1,507	1,553	1,780	1,963	2,020
Operating Revenue	1,050	1,132	1,185	1,229	1,338	1,479	1,507	1,553	1,780	1,963	2,020
Total Cost of Revenue	655	694	745	772	858	953	972	980	1,134	1,265	1,282
Operating Cost of Revenue	655	694	745	772	858	953	972	980	1,134	1,265	1,282
Total Operating Expenses	326	363	357	375	388	424	445	463	537	566	572
Selling, General & Admin Expense	302	329	328	346	361	396	412	431	487	505	518
Depreciation Expense	13	16	17	18	17	20	20	19	21	25	20
Amortization Expense	10	17	12	11	10	8.08	13	12	28	35	33
Total Other Income / (Expense), net	-5.21	-12	-8.29	-8.43	-9.45	-11	-14	-11	-25	-36	-28
Interest Expense	4.25	10	9.47	8.55	8.71	11	14	9.98	23	40	30
Other Income / (Expense), net	-0.96	-1.56	1.18	0.12	-0.74	-0.50	-0.72	-0.86	-1.50	3.91	1.81
Income Tax Expense	24	24	28	11	21	21	20	29	20	14	28
Basic Earnings per Share	$2.04	$2.04	$2.45	$3.35	$3.27	$3.66	$2.92	$3.77	$3.41	$4.39	$5.88
Weighted Average Basic Shares Outstanding	19.61M	19.34M	18.99M	18.77M	18.80M	18.82M	18.84M	18.87M	18.82M	18.80M	18.75M
Diluted Earnings per Share	$2.00	$2.00	$2.40	$3.27	$3.18	$3.59	$2.87	$3.72	$3.38	$4.35	$5.82
Weighted Average Diluted Shares Outstanding	20.00M	19.66M	19.42M	19.24M	19.34M	19.22M	19.14M	19.12M	19.03M	18.99M	18.93M
Weighted Average Basic & Diluted Shares Outstanding	19.60M	19.30M	19M	18.80M	18.80M	18.85M	18.87M	18.77M	18.73M	18.72M	18.44M
Cash Dividends to Common per Share	-	-	-	-	$0.56	$0.56	$0.56	$0.56	$0.56	$0.56	$0.56

This table shows ICF International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q3 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	19	8.88	16	20	24	22	26	33
Consolidated Net Income / (Loss)	19	8.88	16	20	24	22	26	33
Net Income / (Loss) Continuing Operations	19	8.88	16	20	24	22	26	33
Total Pre-Tax Income	22	12	21	21	24	30	35	38
Total Operating Income	28	23	31	32	32	37	42	46
Total Gross Profit	160	176	171	175	178	175	183	192
Total Revenue	468	476	483	500	502	478	512	517
Operating Revenue	468	476	483	500	502	478	512	517
Total Cost of Revenue	307	300	313	325	324	304	329	325
Operating Cost of Revenue	307	300	313	325	324	304	329	325
Total Operating Expenses	132	152	139	143	146	138	140	146
Selling, General & Admin Expense	118	137	124	127	132	123	127	133
Depreciation Expense	5.30	6.28	6.31	6.83	5.92	6.23	4.91	4.82
Amortization Expense	8.66	9.49	9.22	9.29	8.64	8.31	8.29	8.29
Total Other Income / (Expense), net	-6.59	-11	-10	-11	-7.82	-7.13	-7.67	-8.09
Interest Expense	7.42	9.19	9.46	10	11	9.54	7.70	7.20
Other Income / (Expense), net	0.83	-1.94	-0.56	-0.68	2.74	2.41	0.04	-0.90
Income Tax Expense	2.54	3.05	5.04	0.93	0.34	7.63	9.13	5.25
Basic Earnings per Share	$1.01	$0.47	$0.87	$1.08	$1.26	$1.18	$1.37	$1.74
Weighted Average Basic Shares Outstanding	18.83M	18.82M	18.78M	18.79M	18.82M	18.80M	18.74M	18.76M
Diluted Earnings per Share	$1.01	$0.46	$0.87	$1.07	$1.25	$1.16	$1.36	$1.73
Weighted Average Diluted Shares Outstanding	19.01M	19.03M	18.95M	18.92M	18.97M	18.99M	18.86M	18.91M
Weighted Average Basic & Diluted Shares Outstanding	18.84M	18.73M	18.79M	18.81M	18.82M	18.72M	18.76M	18.76M
Cash Dividends to Common per Share	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14	$0.14

This table details how cash moves in and out of ICF International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	3.17	-2.75	-0.81	15	-10	-6.50	76	-62	-7.47	-3.52	9.37
Net Cash From Operating Activities	79	76	80	117	75	91	173	110	162	152	172
Net Cash From Continuing Operating Activities	79	76	80	117	75	91	173	110	162	152	172
Net Income / (Loss) Continuing Operations	40	39	47	63	61	69	55	71	64	83	110
Consolidated Net Income / (Loss)	40	39	47	63	61	69	55	71	64	83	110
Depreciation Expense	24	33	29	29	27	28	34	32	50	61	53
Non-Cash Adjustments To Reconcile Net Income	12	13	13	13	15	18	25	33	24	17	21
Changes in Operating Assets and Liabilities, net	3.87	-10	-8.74	12	-29	-24	58	-26	24	-7.70	-13
Net Cash From Investing Activities	-359	-15	-14	-15	-56	-30	-271	-194	-259	-3.67	-75
Net Cash From Continuing Investing Activities	-359	-15	-14	-15	-56	-30	-271	-194	-259	-3.67	-75
Purchase of Property, Plant & Equipment	-11	-13	-14	-15	-22	-27	-18	-20	-24	-22	-21
Acquisitions	-348	-1.82	-0.10	-0.09	-35	-3.57	-253	-175	-234	-33	-55
Divestitures	-	-	-	-	-	-	-	0.00	0.00	51	1.99
Other Investing Activities, net	-	-	-	-	-	-	-	-	0.00	0.00	-0.35
Net Cash From Financing Activities	284	-64	-67	-87	-29	-68	170	23	90	-153	-87
Net Cash From Continuing Financing Activities	284	-64	-67	-87	-29	-68	170	23	90	-153	-87
Repayment of Debt	-424	-420	-531	-645	-580	-722	-872	-773	-1,452	-1,416	-1,317
Repurchase of Common Equity	-28	-25	-14	-32	-17	-23	-30	-20	-21	-19	-48
Payment of Dividends	-	-	-	-	-7.92	-11	-11	-11	-11	-11	-11
Issuance of Debt	733	382	479	590	574	687	1,020	881	1,584	1,294	1,290
Other Financing Activities, net	3.04	-1.05	-1.01	-0.09	2.12	1.29	62	-54	-10	-0.41	-2.02
Effect of Exchange Rate Changes	-1.00	-	-	-	-	0.17	3.35	-0.51	-1.20	0.36	-0.47
Cash Interest Paid	2.73	9.85	8.94	7.92	9.89	10	14	10	23	34	30
Cash Income Taxes Paid	24	16	21	22	15	27	16	34	16	26	60

This table details how cash moves in and out of ICF International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	12/31/2024
Net Change in Cash & Equivalents	2.01	2.49	-4.03	2.53	-3.62	1.60	-4.85	11
Net Cash From Operating Activities	0.19	156	-17	37	26	107	-10	95
Net Cash From Continuing Operating Activities	0.19	156	-17	37	26	107	-10	95
Net Income / (Loss) Continuing Operations	19	8.88	16	20	24	22	27	25
Consolidated Net Income / (Loss)	19	8.88	16	20	24	22	27	25
Depreciation Expense	14	16	16	16	15	15	14	13
Non-Cash Adjustments To Reconcile Net Income	3.31	14	4.71	2.94	1.43	7.64	3.23	5.17
Changes in Operating Assets and Liabilities, net	-37	118	-53	-2.66	-14	62	-54	52
Net Cash From Investing Activities	-245	-5.44	-6.90	-39	42	-0.28	-3.51	-61
Net Cash From Continuing Investing Activities	-245	-5.44	-6.90	-39	42	-0.28	-3.51	-61
Purchase of Property, Plant & Equipment	-6.30	-7.15	-6.44	-6.70	-4.74	-4.46	-5.23	-5.87
Acquisitions	-239	1.71	-0.46	-32	-	-	0.00	-55
Net Cash From Financing Activities	248	-149	20	4.56	-71	-106	8.83	-22
Net Cash From Continuing Financing Activities	248	-149	20	4.56	-71	-106	8.83	-22
Repayment of Debt	-237	-372	-294	-334	-388	-401	-336	-332
Repurchase of Common Equity	-0.33	-0.11	-23	2.23	-0.01	1.52	-30	-17
Payment of Dividends	-2.63	-2.64	-2.64	-2.63	-2.63	-2.63	-2.64	-2.63
Issuance of Debt	489	226	337	340	321	296	380	328
Other Financing Activities, net	-1.04	0.32	1.79	-0.81	-1.61	0.22	-2.13	0.30
Effect of Exchange Rate Changes	-0.99	0.98	0.01	0.17	-0.39	0.57	-0.17	-0.65
Cash Interest Paid	7.12	9.19	5.92	13	10	4.92	7.74	5.66
Cash Income Taxes Paid	2.01	2.09	0.91	7.54	4.15	14	1.13	9.84

This table presents ICF International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,110	1,080	1,086	1,110	1,214	1,396	1,667	1,850	2,092	2,012	2,066
Total Current Assets	288	275	299	331	392	435	476	449	467	447	492
Cash & Equivalents	12	7.75	6.04	12	12	6.48	14	8.25	11	6.36	4.96
Restricted Cash	-	-	-	11	-	0.00	68	12	1.71	3.09	14
Accounts Receivable	260	257	281	168	231	261	223	238	232	205	257
Prepaid Expenses	10	10	12	11	16	17	25	42	41	28	21
Current Deferred & Refundable Income Taxes	5.72	-	-	5.60	6.51	7.32	1.98	11	12	2.34	6.26
Other Current Assets	-	-	-	123	127	142	143	138	169	202	189
Plant, Property, & Equipment, net	43	45	40	38	48	58	62	52	85	76	68
Total Noncurrent Assets	779	760	746	741	774	903	1,129	1,348	1,540	1,489	1,506
Goodwill	688	687	684	686	716	720	910	1,047	1,213	1,219	1,249
Intangible Assets	77	59	46	35	35	26	60	80	127	95	88
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	0.00	1.60
Other Noncurrent Operating Assets	13	12	16	19	23	157	159	222	201	174	167
Total Liabilities & Shareholders' Equity	1,110	1,080	1,086	1,110	1,214	1,396	1,667	1,850	2,092	2,012	2,066
Total Liabilities	610	557	520	494	553	681	920	1,046	1,239	1,094	1,084
Total Current Liabilities	203	183	192	224	278	339	427	377	416	418	449
Short-Term Debt	-	-	-	-	-	0.00	10	10	23	26	0.00
Accounts Payable	66	64	71	75	103	135	91	106	136	135	160
Accrued Expenses	42	43	53	65	98	82	180	101	124	125	136
Current Employee Benefit Liabilities	56	43	40	46	44	52	81	86	86	88	106
Other Current Liabilities	-	-	-	39	33	70	65	75	47	45	48
Total Noncurrent Liabilities	406	374	327	270	275	342	493	669	823	676	635
Long-Term Debt	350	312	259	206	200	164	303	412	533	404	412
Capital Lease Obligations	-	-	-	-	-	-	-	0.00	16	14	11
Noncurrent Deferred & Payable Income Tax Liabilities	28	33	39	33	40	38	34	42	68	26	0.00
Other Noncurrent Operating Liabilities	8.47	13	13	15	21	141	156	216	206	232	212
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	501	523	566	616	660	715	747	803	853	918	982
Total Preferred & Common Equity	501	523	566	616	660	715	747	803	853	918	982
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	501	523	566	616	660	715	747	803	853	918	982
Common Stock	267	280	292	308	326	347	369	385	402	422	443
Retained Earnings	286	325	372	435	486	545	589	649	703	775	875
Treasury Stock	-50	-75	-89	-122	-140	-165	-197	-220	-244	-267	-320
Accumulated Other Comprehensive Income / (Loss)	-2.48	-7.49	-9.64	-5.04	-13	-12	-14	-11	-8.13	-12	-16

This table presents ICF International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	6/30/2024	9/30/2024
Total Assets	2,158	2,072	2,115	2,055	2,006	2,028
Total Current Assets	532	455	478	477	465	493
Cash & Equivalents	8.48	5.36	6.97	5.08	4.06	6.91
Restricted Cash	1.99	3.57	4.50	2.77	0.71	0.72
Accounts Receivable	282	221	226	215	209	212
Prepaid Expenses	31	28	33	34	23	25
Current Deferred & Refundable Income Taxes	12	8.42	7.63	11	4.59	11
Other Current Assets	197	188	200	209	223	238
Plant, Property, & Equipment, net	85	85	84	79	72	71
Total Noncurrent Assets	1,540	1,532	1,553	1,499	1,469	1,464
Goodwill	1,190	1,214	1,236	1,219	1,219	1,221
Intangible Assets	136	116	117	103	78	70
Other Noncurrent Operating Assets	214	202	200	176	171	172
Total Liabilities & Shareholders' Equity	2,158	2,072	2,115	2,055	2,006	2,028
Total Liabilities	1,320	1,226	1,243	1,162	1,062	1,052
Total Current Liabilities	372	352	369	369	392	408
Short-Term Debt	21	26	21	23	12	14
Accounts Payable	129	110	113	123	111	121
Accrued Expenses	99	110	109	107	131	141
Current Employee Benefit Liabilities	75	61	87	77	94	91
Other Current Liabilities	49	44	40	39	44	41
Total Noncurrent Liabilities	948	874	873	793	670	644
Long-Term Debt	681	572	581	511	422	405
Capital Lease Obligations	13	16	15	14	13	12
Noncurrent Deferred & Payable Income Tax Liabilities	46	69	63	40	16	5.98
Other Noncurrent Operating Liabilities	207	217	214	228	220	221
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	838	847	873	893	943	976
Total Preferred & Common Equity	838	847	873	893	943	976
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	838	847	873	893	943	976
Common Stock	397	406	411	415	432	437
Retained Earnings	697	717	734	756	823	853
Treasury Stock	-242	-266	-267	-267	-300	-301
Accumulated Other Comprehensive Income / (Loss)	-14	-9.47	-6.32	-10	-12	-12

This table displays calculated financial ratios and metrics derived from ICF International's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.62%	7.82%	4.67%	3.72%	8.85%	10.50%	1.92%	3.06%	14.61%	10.30%	2.88%
EBITDA Growth	7.99%	16.70%	5.59%	-1.62%	6.68%	8.66%	-5.20%	16.13%	10.18%	25.31%	12.27%
EBIT Growth	5.77%	7.70%	13.99%	-1.71%	10.90%	10.22%	-12.40%	24.54%	-2.56%	27.01%	23.06%
NOPAT Growth	5.87%	7.59%	11.16%	35.31%	-2.34%	13.32%	-15.39%	20.21%	5.53%	36.08%	16.89%
Net Income Growth	1.78%	-1.65%	18.33%	34.97%	-2.35%	12.28%	-20.28%	29.43%	-9.68%	28.59%	33.36%
EPS Growth	2.56%	0.00%	20.00%	36.25%	-2.75%	12.89%	-20.06%	29.62%	-9.14%	28.70%	33.79%
Operating Cash Flow Growth	-2.05%	-3.74%	5.06%	46.38%	-36.28%	22.46%	89.35%	-36.35%	47.19%	-6.06%	12.57%
Free Cash Flow Firm Growth	-632.01%	119.96%	0.18%	55.07%	-79.43%	193.14%	-174.13%	-266.52%	15.42%	238.96%	-43.45%
Invested Capital Growth	66.34%	-1.37%	-0.77%	-2.45%	6.24%	2.73%	12.14%	23.15%	17.27%	-4.27%	2.53%
Revenue Q/Q Growth	4.65%	0.39%	0.74%	2.64%	4.43%	1.28%	2.57%	-2.90%	5.18%	0.14%	0.00%
EBITDA Q/Q Growth	8.23%	3.30%	2.52%	-1.60%	9.19%	-1.45%	-4.32%	-1.97%	6.38%	9.43%	0.00%
EBIT Q/Q Growth	6.67%	3.24%	4.02%	-2.27%	10.90%	-1.09%	-7.77%	-2.32%	2.88%	15.44%	0.00%
NOPAT Q/Q Growth	3.99%	5.53%	3.14%	29.79%	-11.93%	0.96%	-8.16%	-1.90%	4.11%	8.48%	0.00%
Net Income Q/Q Growth	2.58%	5.32%	4.31%	29.70%	-12.00%	1.00%	-10.66%	-1.03%	-4.74%	19.16%	0.00%
EPS Q/Q Growth	3.09%	5.82%	4.35%	30.28%	-12.15%	1.41%	-10.87%	-1.06%	-4.52%	19.18%	0.00%
Operating Cash Flow Q/Q Growth	47.50%	-25.67%	-12.11%	26.62%	30.41%	29.37%	-3.94%	-22.79%	211.71%	-24.25%	-6.27%
Free Cash Flow Firm Q/Q Growth	-866.39%	128.51%	-19.20%	33.49%	149.80%	74.69%	58.26%	-202.98%	71.25%	-18.51%	0.00%
Invested Capital Q/Q Growth	40.74%	-1.98%	-0.16%	-0.97%	-3.22%	-5.49%	-10.34%	17.19%	-8.40%	-5.67%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.63%	38.67%	37.12%	37.22%	35.91%	35.53%	35.47%	36.93%	36.27%	35.56%	36.53%
EBITDA Margin	8.78%	9.50%	9.59%	9.09%	8.91%	8.76%	8.15%	9.19%	8.83%	10.03%	10.95%
Operating Margin	6.61%	6.64%	6.99%	6.71%	6.90%	6.86%	5.91%	7.14%	6.11%	6.74%	8.21%
EBIT Margin	6.51%	6.51%	7.09%	6.72%	6.84%	6.82%	5.87%	7.09%	6.03%	6.94%	8.30%
Profit (Net Income) Margin	3.81%	3.48%	3.93%	5.12%	4.59%	4.66%	3.65%	4.58%	3.61%	4.21%	5.45%
Tax Burden Percent	62.40%	61.90%	62.52%	84.98%	74.13%	76.45%	73.60%	71.07%	76.50%	85.57%	79.80%
Interest Burden Percent	93.78%	86.33%	88.72%	89.64%	90.48%	89.38%	84.49%	90.93%	78.30%	70.87%	82.35%
Effective Tax Rate	37.60%	38.10%	37.48%	15.02%	25.87%	23.55%	26.40%	28.93%	23.50%	14.43%	20.20%
Return on Invested Capital (ROIC)	6.46%	5.60%	6.29%	8.65%	8.30%	9.01%	7.09%	7.22%	6.36%	8.19%	9.66%
ROIC Less NNEP Spread (ROIC-NNEP)	4.68%	3.35%	4.43%	5.37%	4.53%	4.05%	1.63%	4.79%	2.41%	2.03%	4.38%
Return on Net Nonoperating Assets (RNNOA)	1.76%	2.09%	2.26%	1.98%	1.32%	1.02%	0.43%	1.95%	1.40%	1.14%	1.93%
Return on Equity (ROE)	8.21%	7.69%	8.55%	10.64%	9.62%	10.03%	7.52%	9.18%	7.76%	9.33%	11.60%
Cash Return on Invested Capital (CROIC)	-43.36%	6.98%	7.07%	11.13%	2.25%	6.31%	-4.35%	-13.53%	-9.54%	12.55%	7.16%
Operating Return on Assets (OROA)	7.55%	6.73%	7.75%	7.52%	7.88%	7.73%	5.77%	6.26%	5.44%	6.64%	8.22%
Return on Assets (ROA)	4.42%	3.59%	4.30%	5.73%	5.28%	5.28%	3.59%	4.05%	3.26%	4.03%	5.40%
Return on Common Equity (ROCE)	8.21%	7.69%	8.55%	10.64%	9.62%	10.03%	7.52%	9.18%	7.76%	9.33%	11.60%
Return on Equity Simple (ROE_SIMPLE)	8.00%	7.52%	8.23%	10.21%	9.30%	9.65%	7.36%	8.85%	7.53%	9.00%	11.21%
Net Operating Profit after Tax (NOPAT)	43	47	52	70	68	78	66	79	83	113	132
NOPAT Margin	4.12%	4.11%	4.37%	5.70%	5.11%	5.24%	4.35%	5.08%	4.67%	5.77%	6.55%
Net Nonoperating Expense Percent (NNEP)	1.78%	2.25%	1.86%	3.28%	3.76%	4.95%	5.46%	2.44%	3.95%	6.16%	5.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	5.84%	8.31%	9.42%
Cost of Revenue to Revenue	62.37%	61.33%	62.88%	62.78%	64.09%	64.47%	64.53%	63.07%	63.73%	64.44%	63.47%
SG&A Expenses to Revenue	28.76%	29.07%	27.68%	28.19%	26.98%	26.77%	27.32%	27.72%	27.35%	25.73%	25.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.03%	32.02%	30.14%	30.51%	29.01%	28.67%	29.56%	29.78%	30.16%	28.82%	28.32%
Earnings before Interest and Taxes (EBIT)	68	74	84	83	92	101	88	110	107	136	168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	92	108	114	112	119	130	123	143	157	197	221
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.25	1.77	1.52	1.79	2.35	1.84	2.38	2.17	2.74	2.28
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.58	0.85	0.76	0.88	1.14	0.91	1.23	1.04	1.28	1.11
Price to Earnings (P/E)	0.00	16.66	21.55	14.93	19.23	24.35	25.06	26.89	28.81	30.43	20.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.89%	0.63%	0.77%	0.55%	0.57%	0.42%	0.47%
Earnings Yield	0.00%	6.00%	4.64%	6.70%	5.20%	4.11%	3.99%	3.72%	3.47%	3.29%	4.93%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.16	1.53	1.40	1.61	2.11	1.64	1.92	1.71	2.18	1.90
Enterprise Value to Revenue (EV/Rev)	0.00	0.85	1.06	0.91	1.02	1.24	1.07	1.49	1.35	1.50	1.31
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.92	11.07	10.04	11.49	14.17	13.09	16.22	15.34	14.97	11.94
Enterprise Value to EBIT (EV/EBIT)	0.00	13.03	14.97	13.60	14.96	18.20	18.20	21.02	22.47	21.64	15.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	20.61	24.29	16.02	20.02	23.69	24.52	29.35	28.97	26.04	19.96
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	12.59	15.71	9.58	18.34	20.09	9.29	20.99	14.86	19.35	15.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.54	21.64	12.45	73.90	33.80	0.00	0.00	0.00	16.99	26.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.60	0.46	0.33	0.30	0.23	0.42	0.52	0.67	0.48	0.43
Long-Term Debt to Equity	0.70	0.60	0.46	0.33	0.30	0.23	0.41	0.51	0.64	0.46	0.43
Financial Leverage	0.38	0.62	0.51	0.37	0.29	0.25	0.27	0.41	0.58	0.56	0.44
Leverage Ratio	1.86	2.14	1.99	1.86	1.82	1.90	2.10	2.27	2.38	2.32	2.15
Compound Leverage Factor	1.74	1.85	1.76	1.67	1.65	1.70	1.77	2.06	1.86	1.64	1.77
Debt to Total Capital	41.15%	37.32%	31.43%	25.08%	23.28%	18.69%	29.54%	34.41%	40.15%	32.62%	30.10%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.94%	0.82%	1.63%	1.91%	0.00%
Long-Term Debt to Total Capital	41.15%	37.32%	31.43%	25.08%	23.28%	18.69%	28.60%	33.60%	38.52%	30.71%	30.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.85%	62.68%	68.57%	74.92%	76.72%	81.31%	70.46%	65.59%	59.85%	67.38%	69.90%
Debt to EBITDA	3.80	2.90	2.28	1.85	1.68	1.27	2.55	2.96	3.64	2.26	1.91
Net Debt to EBITDA	3.66	2.82	2.23	1.64	1.58	1.22	1.88	2.81	3.56	2.21	1.83
Long-Term Debt to EBITDA	3.80	2.90	2.28	1.85	1.68	1.27	2.47	2.89	3.49	2.12	1.91
Debt to NOPAT	8.09	6.69	5.01	2.94	2.93	2.12	4.78	5.35	6.88	3.92	3.20
Net Debt to NOPAT	7.81	6.52	4.89	2.62	2.76	2.04	3.53	5.09	6.72	3.84	3.05
Long-Term Debt to NOPAT	8.09	6.69	5.01	2.94	2.93	2.12	4.62	5.22	6.60	3.69	3.20
Altman Z-Score	0.00	2.50	3.10	3.16	3.31	3.40	2.51	2.67	2.42	3.13	3.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.50	1.55	1.48	1.41	1.28	1.11	1.19	1.12	1.07	1.10
Quick Ratio	1.34	1.45	1.49	0.80	0.87	0.79	0.55	0.65	0.59	0.51	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-291	58	58	90	19	54	-40	-148	-125	173	98
Operating Cash Flow to CapEx	744.33%	600.88%	580.50%	807.49%	342.33%	339.91%	979.16%	552.90%	662.74%	682.20%	800.49%
Free Cash Flow to Firm to Interest Expense	-68.31	5.76	6.14	10.54	2.13	5.07	-2.94	-14.79	-5.36	4.37	3.32
Operating Cash Flow to Interest Expense	18.61	7.57	8.45	13.70	8.57	8.53	12.63	11.04	6.97	3.84	5.80
Operating Cash Flow Less CapEx to Interest Expense	16.11	6.31	7.00	12.00	6.07	6.02	11.34	9.04	5.92	3.28	5.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.03	1.09	1.12	1.15	1.13	0.98	0.88	0.90	0.96	0.99
Accounts Receivable Turnover	4.51	4.38	4.40	5.47	6.70	6.01	6.23	6.74	7.57	8.97	8.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	28.59	25.54	27.59	31.30	31.06	27.81	24.97	27.13	25.90	24.34	28.04
Accounts Payable Turnover	11.77	10.73	11.09	10.60	9.65	8.04	8.61	9.94	9.40	9.36	8.72
Days Sales Outstanding (DSO)	80.87	83.37	82.90	66.77	54.46	60.75	58.62	54.12	48.19	40.70	41.78
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	31.01	34.03	32.90	34.45	37.81	45.41	42.40	36.71	38.84	38.99	41.86
Cash Conversion Cycle (CCC)	49.85	49.34	50.00	32.32	16.65	15.34	16.22	17.41	9.35	1.71	-0.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	837	826	819	799	849	872	978	1,205	1,413	1,352	1,387
Invested Capital Turnover	1.57	1.36	1.44	1.52	1.62	1.72	1.63	1.42	1.36	1.42	1.47
Increase / (Decrease) in Invested Capital	334	-11	-6.35	-20	50	23	106	226	208	-60	34
Enterprise Value (EV)	0.00	960	1,257	1,122	1,370	1,837	1,608	2,314	2,410	2,948	2,641
Market Capitalization	0.00	656	1,004	939	1,181	1,679	1,377	1,913	1,851	2,514	2,237
Book Value per Share	$25.53	$27.22	$29.86	$33.04	$35.04	$37.99	$39.60	$42.57	$45.28	$48.76	$52.36
Tangible Book Value per Share	($13.45)	($11.60)	($8.64)	($5.65)	($4.81)	($1.66)	($11.81)	($17.11)	($25.80)	($21.09)	($18.90)
Total Capital	851	835	825	822	861	879	1,060	1,225	1,426	1,362	1,405
Total Debt	350	312	259	206	200	164	313	422	572	444	423
Total Long-Term Debt	350	312	259	206	200	164	303	412	549	418	423
Net Debt	338	304	253	183	189	158	231	401	559	435	404
Capital Expenditures (CapEx)	11	13	14	15	22	27	18	20	24	22	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	73	84	101	84	102	89	-23	62	61	45	24
Debt-free Net Working Capital (DFNWC)	85	92	107	107	114	96	59	83	74	55	43
Net Working Capital (NWC)	85	92	107	107	114	96	49	73	51	29	43
Net Nonoperating Expense (NNE)	3.25	7.20	5.18	7.17	7.00	8.58	11	7.71	19	31	22
Net Nonoperating Obligations (NNO)	336	302	253	183	189	158	231	401	559	435	404
Total Depreciation and Amortization (D&A)	24	34	30	29	28	29	34	33	50	61	53
Debt-free, Cash-free Net Working Capital to Revenue	6.96%	7.42%	8.49%	6.84%	7.65%	6.03%	-1.55%	4.00%	3.43%	2.32%	1.19%
Debt-free Net Working Capital to Revenue	8.11%	8.10%	9.00%	8.71%	8.52%	6.47%	3.89%	5.31%	4.16%	2.80%	2.12%
Net Working Capital to Revenue	8.11%	8.10%	9.00%	8.71%	8.52%	6.47%	3.23%	4.67%	2.85%	1.47%	2.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.04	$2.04	$2.45	$3.35	$3.27	$3.66	$2.92	$3.77	$3.41	$4.39	$5.88
Adjusted Weighted Average Basic Shares Outstanding	19.61M	19.34M	18.99M	18.77M	18.80M	18.82M	18.84M	18.87M	18.82M	18.80M	18.75M
Adjusted Diluted Earnings per Share	$2.00	$2.00	$2.40	$3.27	$3.18	$3.59	$2.87	$3.72	$3.38	$4.35	$5.82
Adjusted Weighted Average Diluted Shares Outstanding	20.00M	19.66M	19.42M	19.24M	19.34M	19.22M	19.14M	19.12M	19.03M	18.99M	18.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$2.04	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.44M	18.96M	19.02M	18.62M	18.81M	18.85M	18.87M	18.77M	18.73M	18.72M	18.44M
Normalized Net Operating Profit after Tax (NOPAT)	43	47	52	70	68	78	66	79	83	113	132
Normalized NOPAT Margin	4.12%	4.11%	4.37%	5.70%	5.11%	5.24%	4.35%	5.08%	4.67%	5.77%	6.55%
Pre Tax Income Margin	6.11%	5.62%	6.29%	6.02%	6.19%	6.10%	4.96%	6.44%	4.72%	4.92%	6.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.08	7.31	8.87	9.65	10.51	9.41	6.45	11.03	4.61	3.43	5.67
NOPAT to Interest Expense	10.17	4.62	5.47	8.19	7.85	7.23	4.78	7.90	3.57	2.85	4.47
EBIT Less CapEx to Interest Expense	13.58	6.06	7.41	7.95	8.01	6.90	5.16	9.03	3.56	2.87	4.94
NOPAT Less CapEx to Interest Expense	7.67	3.36	4.01	6.49	5.35	4.72	3.49	5.90	2.52	2.29	3.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	12.89%	15.29%	19.20%	14.85%	16.42%	12.75%	9.54%
Augmented Payout Ratio	70.75%	63.15%	29.67%	51.63%	40.78%	49.25%	73.29%	43.03%	49.45%	35.85%	52.89%

This table displays calculated financial ratios and metrics derived from ICF International's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q3 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	18.71%	22.58%	16.89%	18.19%	7.21%	0.58%	5.95%	3.09%
EBITDA Growth	7.88%	39.10%	23.57%	17.79%	13.50%	46.01%	21.29%	18.37%
EBIT Growth	-10.14%	16.58%	13.31%	5.20%	19.16%	86.30%	37.39%	30.28%
NOPAT Growth	12.86%	22.06%	19.79%	44.19%	26.21%	60.03%	29.94%	26.08%
Net Income Growth	-6.30%	-26.49%	-8.20%	10.41%	24.26%	149.60%	56.18%	37.65%
EPS Growth	-5.61%	-25.81%	-7.45%	10.31%	23.76%	152.17%	56.32%	38.40%
Operating Cash Flow Growth	-99.68%	242.44%	-138.57%	172.65%	13,628.88%	-31.35%	40.58%	0.00%
Free Cash Flow Firm Growth	-675.33%	10.12%	17.16%	-8.06%	128.61%	145.96%	156.26%	-47.43%
Invested Capital Growth	50.03%	17.27%	15.73%	17.21%	-7.04%	-4.27%	-4.56%	-2.37%
Revenue Q/Q Growth	10.56%	1.67%	1.61%	3.48%	0.29%	-4.62%	7.04%	0.00%
EBITDA Q/Q Growth	7.54%	-14.90%	24.62%	2.28%	3.61%	9.47%	2.62%	0.00%
EBIT Q/Q Growth	-2.53%	-27.37%	46.34%	1.54%	10.41%	13.54%	7.92%	0.00%
NOPAT Q/Q Growth	17.23%	-31.13%	40.19%	27.39%	2.61%	-12.67%	13.83%	0.00%
Net Income Q/Q Growth	3.85%	-53.53%	84.68%	23.87%	16.88%	-6.65%	15.56%	0.00%
EPS Q/Q Growth	4.12%	-54.46%	89.13%	22.99%	16.82%	-7.20%	17.24%	0.00%
Operating Cash Flow Q/Q Growth	-98.61%	83,113.90%	-110.82%	318.11%	-30.07%	316.12%	-109.36%	0.00%
Free Cash Flow Firm Q/Q Growth	-183.69%	60.99%	9.28%	-7.63%	175.11%	-37.32%	11.05%	0.00%
Invested Capital Q/Q Growth	22.30%	-8.40%	2.73%	1.85%	-3.00%	-5.67%	2.41%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	34.31%	36.91%	35.32%	34.93%	35.50%	36.54%	35.68%	37.13%
EBITDA Margin	9.27%	7.76%	9.61%	9.50%	9.81%	11.26%	11.00%	11.26%
Operating Margin	6.04%	4.85%	6.51%	6.41%	6.36%	7.72%	8.28%	8.90%
EBIT Margin	6.21%	4.44%	6.39%	6.27%	6.91%	8.22%	8.29%	8.73%
Profit (Net Income) Margin	4.08%	1.87%	3.39%	4.06%	4.73%	4.63%	5.00%	6.32%
Tax Burden Percent	88.26%	74.46%	76.50%	95.64%	98.59%	74.39%	73.72%	86.16%
Interest Burden Percent	74.47%	56.49%	69.39%	67.70%	69.52%	75.76%	81.85%	84.06%
Effective Tax Rate	11.74%	25.54%	23.50%	4.36%	1.41%	25.61%	26.28%	13.84%
Return on Invested Capital (ROIC)	7.02%	4.91%	6.81%	8.62%	8.26%	8.15%	8.58%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.78%	3.18%	5.36%	6.65%	7.02%	7.09%	7.50%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.34%	1.85%	3.43%	4.11%	5.05%	3.98%	4.38%	0.00%
Return on Equity (ROE)	10.36%	6.75%	10.23%	12.73%	13.31%	12.13%	12.96%	0.00%
Cash Return on Invested Capital (CROIC)	-33.80%	-9.54%	-8.12%	-8.74%	14.31%	12.55%	13.11%	0.00%
Operating Return on Assets (OROA)	5.59%	4.01%	6.02%	6.09%	6.43%	7.87%	8.10%	0.00%
Return on Assets (ROA)	3.67%	1.69%	3.19%	3.95%	4.41%	4.43%	4.89%	0.00%
Return on Common Equity (ROCE)	10.36%	6.75%	10.23%	12.73%	13.31%	12.13%	12.96%	0.00%
Return on Equity Simple (ROE_SIMPLE)	8.05%	0.00%	7.41%	7.41%	7.76%	0.00%	9.73%	0.00%
Net Operating Profit after Tax (NOPAT)	25	17	24	31	31	27	31	40
NOPAT Margin	5.33%	3.61%	4.98%	6.13%	6.27%	5.74%	6.11%	7.67%
Net Nonoperating Expense Percent (NNEP)	1.23%	1.72%	1.45%	1.98%	1.24%	1.07%	1.08%	1.45%
Cost of Revenue to Revenue	65.69%	63.09%	64.68%	65.07%	64.50%	63.46%	64.32%	62.87%
SG&A Expenses to Revenue	25.29%	28.75%	25.60%	25.30%	26.23%	25.79%	24.82%	25.69%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.27%	32.06%	28.82%	28.52%	29.13%	28.83%	27.40%	28.23%
Earnings before Interest and Taxes (EBIT)	29	21	31	31	35	39	42	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	37	46	47	49	54	56	58
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.43	2.17	2.41	2.67	2.53	2.74	2.95	3.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.20	1.04	1.11	1.21	1.16	1.28	1.40	0.00
Price to Earnings (P/E)	30.19	28.81	32.57	35.98	32.66	30.43	30.29	0.00
Dividend Yield	0.52%	0.57%	0.51%	0.45%	0.47%	0.42%	0.38%	0.34%
Earnings Yield	3.31%	3.47%	3.07%	2.78%	3.06%	3.29%	3.30%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.78	1.71	1.83	1.98	1.96	2.18	2.33	2.54
Enterprise Value to Revenue (EV/Rev)	1.62	1.35	1.43	1.52	1.43	1.50	1.62	0.00
Enterprise Value to EBITDA (EV/EBITDA)	18.55	15.34	15.94	16.87	15.58	14.97	15.58	0.00
Enterprise Value to EBIT (EV/EBIT)	26.28	22.47	23.89	26.09	23.77	21.64	21.81	0.00
Enterprise Value to NOPAT (EV/NOPAT)	34.29	28.97	30.30	30.12	26.87	26.04	26.91	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	52.66	14.86	17.38	16.70	13.94	19.35	20.25	19.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	13.17	16.99	17.34	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.67	0.72	0.71	0.61	0.48	0.47	0.44
Long-Term Debt to Equity	0.83	0.64	0.69	0.68	0.59	0.46	0.46	0.43
Financial Leverage	0.58	0.58	0.64	0.62	0.72	0.56	0.58	0.52
Leverage Ratio	2.31	2.38	2.38	2.34	2.43	2.32	2.28	2.18
Compound Leverage Factor	1.72	1.34	1.65	1.59	1.69	1.76	1.86	1.84
Debt to Total Capital	46.05%	40.15%	42.01%	41.40%	38.03%	32.62%	32.13%	30.63%
Short-Term Debt to Total Capital	1.32%	1.63%	1.78%	1.38%	1.61%	1.91%	0.89%	0.98%
Long-Term Debt to Total Capital	44.73%	38.52%	40.23%	40.03%	36.42%	30.71%	31.24%	29.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.95%	59.85%	57.99%	58.60%	61.97%	67.38%	67.87%	69.37%
Debt to EBITDA	4.84	3.64	3.69	3.55	3.05	2.26	2.16	0.00
Net Debt to EBITDA	4.77	3.56	3.64	3.48	3.00	2.21	2.14	0.00
Long-Term Debt to EBITDA	4.70	3.49	3.54	3.43	2.92	2.12	2.10	0.00
Debt to NOPAT	8.95	6.88	7.02	6.33	5.25	3.92	3.73	0.00
Net Debt to NOPAT	8.82	6.72	6.91	6.21	5.18	3.84	3.69	0.00
Long-Term Debt to NOPAT	8.69	6.60	6.72	6.12	5.03	3.69	3.62	0.00
Altman Z-Score	2.30	2.28	2.49	2.63	2.76	2.98	3.25	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.12	1.29	1.30	1.29	1.07	1.19	1.21
Quick Ratio	0.78	0.59	0.64	0.63	0.60	0.51	0.54	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-489	-191	-173	-186	140	88	97	74
Operating Cash Flow to CapEx	2.97%	2,175.76%	-261.31%	548.07%	541.97%	2,394.78%	-191.37%	0.00%
Free Cash Flow to Firm to Interest Expense	-65.95	-20.78	-18.31	-18.40	13.26	9.20	12.65	10.23
Operating Cash Flow to Interest Expense	0.03	16.94	-1.78	3.62	2.43	11.20	-1.30	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.82	16.16	-2.46	2.96	1.98	10.74	-1.98	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.90	0.94	0.97	0.93	0.96	0.98	0.00
Accounts Receivable Turnover	6.80	7.57	8.67	8.66	7.89	8.97	9.26	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	24.72	25.90	24.94	24.91	23.91	24.34	25.25	0.00
Accounts Payable Turnover	9.60	9.40	11.57	11.71	10.01	9.36	11.62	0.00
Days Sales Outstanding (DSO)	53.66	48.19	42.12	42.17	46.27	40.70	39.43	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.01	38.84	31.56	31.16	36.45	38.99	31.40	0.00
Cash Conversion Cycle (CCC)	15.65	9.35	10.56	11.00	9.83	1.71	8.03	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	1,542	1,413	1,451	1,478	1,434	1,352	1,385	1,400
Invested Capital Turnover	1.32	1.36	1.37	1.41	1.32	1.42	1.40	0.00
Increase / (Decrease) in Invested Capital	514	208	197	217	-109	-60	-66	-34
Enterprise Value (EV)	2,740	2,410	2,649	2,933	2,805	2,948	3,223	3,552
Market Capitalization	2,036	1,851	2,044	2,328	2,264	2,514	2,782	3,128
Book Value per Share	$44.52	$45.28	$45.20	$46.46	$47.48	$48.76	$50.34	$52.05
Tangible Book Value per Share	($25.97)	($25.80)	($25.82)	($25.58)	($22.81)	($21.09)	($18.90)	($16.80)
Total Capital	1,553	1,426	1,460	1,490	1,442	1,362	1,390	1,407
Total Debt	715	572	613	617	548	444	447	431
Total Long-Term Debt	694	549	587	596	525	418	434	417
Net Debt	704	559	605	605	540	435	442	423
Capital Expenditures (CapEx)	6.30	7.15	6.44	6.70	4.74	4.46	5.23	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	170	61	120	118	124	45	80	91
Debt-free Net Working Capital (DFNWC)	181	74	129	130	131	55	85	99
Net Working Capital (NWC)	160	51	103	109	108	29	73	85
Net Nonoperating Expense (NNE)	5.81	8.28	7.66	10	7.71	5.30	5.65	6.97
Net Nonoperating Obligations (NNO)	704	559	605	605	540	435	442	423
Total Depreciation and Amortization (D&A)	14	16	16	16	15	15	14	13
Debt-free, Cash-free Net Working Capital to Revenue	10.06%	3.43%	6.50%	6.13%	6.31%	2.32%	4.02%	0.00%
Debt-free Net Working Capital to Revenue	10.68%	4.16%	6.98%	6.73%	6.71%	2.80%	4.26%	0.00%
Net Working Capital to Revenue	9.46%	2.85%	5.57%	5.66%	5.52%	1.47%	3.64%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.01	$0.47	$0.87	$1.08	$1.26	$1.18	$1.37	$1.74
Adjusted Weighted Average Basic Shares Outstanding	18.83M	18.82M	18.78M	18.79M	18.82M	18.80M	18.74M	18.76M
Adjusted Diluted Earnings per Share	$1.01	$0.46	$0.87	$1.07	$1.25	$1.16	$1.36	$1.73
Adjusted Weighted Average Diluted Shares Outstanding	19.01M	19.03M	18.95M	18.92M	18.97M	18.99M	18.86M	18.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.84M	18.73M	18.79M	18.81M	18.82M	18.72M	18.76M	18.76M
Normalized Net Operating Profit after Tax (NOPAT)	25	17	24	31	31	27	31	40
Normalized NOPAT Margin	5.33%	3.61%	4.98%	6.13%	6.27%	5.74%	6.11%	7.67%
Pre Tax Income Margin	4.63%	2.51%	4.44%	4.25%	4.80%	6.23%	6.78%	7.34%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.92	2.30	3.27	3.10	3.28	4.12	5.51	6.27
NOPAT to Interest Expense	3.36	1.87	2.54	3.03	2.98	2.88	4.06	5.51
EBIT Less CapEx to Interest Expense	3.07	1.52	2.59	2.44	2.83	3.66	4.83	0.00
NOPAT Less CapEx to Interest Expense	2.51	1.09	1.86	2.36	2.53	2.41	3.38	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.65%	16.42%	16.80%	16.29%	15.20%	12.75%	11.47%	0.00%
Augmented Payout Ratio	48.94%	49.45%	51.46%	48.79%	45.08%	35.85%	40.46%	0.00%

Frequently Asked Questions About ICF International's Financials

When does ICF International's fiscal year end?

According to the most recent income statement we have on file, ICF International's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ICF International's net income changed over the last 10 years?

ICF International's net income appears to be on an upward trend, with a most recent value of $110.17 million in 2024, rising from $40.03 million in 2014. The previous period was $82.61 million in 2023. View ICF International's forecast to see where analysts expect ICF International to go next.

What is ICF International's operating income?

ICF International's total operating income in 2024 was $165.84 million, based on the following breakdown:

Total Gross Profit: $737.77 million
Total Operating Expenses: $571.93 million

How has ICF International revenue changed over the last 10 years?

Over the last 10 years, ICF International's total revenue changed from $1.05 billion in 2014 to $2.02 billion in 2024, a change of 92.3%.

How much debt does ICF International have?

ICF International's total liabilities were at $1.08 billion at the end of 2024, a 0.9% decrease from 2023, and a 77.8% increase since 2014.

How much cash does ICF International have?

In the past 10 years, ICF International's cash and equivalents has ranged from $4.96 million in 2024 to $13.84 million in 2020, and is currently $4.96 million as of their latest financial filing in 2024.

How has ICF International's book value per share changed over the last 10 years?

Over the last 10 years, ICF International's book value per share changed from 25.53 in 2014 to 52.36 in 2024, a change of 105.1%.

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This page (NASDAQ:ICFI) was last updated on 5/5/2025 by MarketBeat.com Staff

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ICF International (ICFI) Financials

Frequently Asked Questions About ICF International's Financials

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ICF International (ICFI) Financials

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