ICF International (ICFI) Financials

$86.13 +1.49 (+1.76%)

As of 02:53 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	110	83	64	71	55	69	61	63	47	39	40
Consolidated Net Income / (Loss)	110	83	64	71	55	69	61	63	47	39	40
Net Income / (Loss) Continuing Operations	110	83	64	71	55	69	61	63	47	39	40
Total Pre-Tax Income	138	97	84	100	75	90	83	74	75	64	64
Total Operating Income	166	132	109	111	89	101	92	82	83	75	69
Total Gross Profit	738	698	646	573	534	525	480	457	440	438	395
Total Revenue	2,020	1,963	1,780	1,553	1,507	1,479	1,338	1,229	1,185	1,132	1,050
Operating Revenue	2,020	1,963	1,780	1,553	1,507	1,479	1,338	1,229	1,185	1,132	1,050
Total Cost of Revenue	1,282	1,265	1,134	980	972	953	858	772	745	694	655
Operating Cost of Revenue	1,282	1,265	1,134	980	972	953	858	772	745	694	655
Total Operating Expenses	572	566	537	463	445	424	388	375	357	363	326
Selling, General & Admin Expense	518	505	487	431	412	396	361	346	328	329	302
Depreciation Expense	20	25	21	19	20	20	17	18	17	16	13
Amortization Expense	33	35	28	12	13	8.08	10	11	12	17	10
Total Other Income / (Expense), net	-28	-36	-25	-11	-14	-11	-9.45	-8.43	-8.29	-12	-5.21
Interest Expense	30	40	23	9.98	14	11	8.71	8.55	9.47	10	4.25
Other Income / (Expense), net	1.81	3.91	-1.50	-0.86	-0.72	-0.50	-0.74	0.12	1.18	-1.56	-0.96
Income Tax Expense	28	14	20	29	20	21	21	11	28	24	24
Basic Earnings per Share	$5.88	$4.39	$3.41	$3.77	$2.92	$3.66	$3.27	$3.35	$2.45	$2.04	$2.04
Weighted Average Basic Shares Outstanding	18.75M	18.80M	18.82M	18.87M	18.84M	18.82M	18.80M	18.77M	18.99M	19.34M	19.61M
Diluted Earnings per Share	$5.82	$4.35	$3.38	$3.72	$2.87	$3.59	$3.18	$3.27	$2.40	$2.00	$2.00
Weighted Average Diluted Shares Outstanding	18.93M	18.99M	19.03M	19.12M	19.14M	19.22M	19.34M	19.24M	19.42M	19.66M	20.00M
Weighted Average Basic & Diluted Shares Outstanding	18.44M	18.72M	18.73M	18.77M	18.87M	18.85M	18.80M	18.80M	19M	19.30M	19.60M
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	Q1 2025	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	27	33	26	22	24	20	16	8.88	19
Consolidated Net Income / (Loss)	27	33	26	22	24	20	16	8.88	19
Net Income / (Loss) Continuing Operations	27	33	26	22	24	20	16	8.88	19
Total Pre-Tax Income	30	38	35	30	24	21	21	12	22
Total Operating Income	38	46	42	37	32	32	31	23	28
Total Gross Profit	185	192	183	175	178	175	171	176	160
Total Revenue	488	517	512	478	502	500	483	476	468
Operating Revenue	488	517	512	478	502	500	483	476	468
Total Cost of Revenue	303	325	329	304	324	325	313	300	307
Operating Cost of Revenue	303	325	329	304	324	325	313	300	307
Total Operating Expenses	147	146	140	138	146	143	139	152	132
Selling, General & Admin Expense	132	133	127	123	132	127	124	137	118
Depreciation Expense	15	4.82	4.91	6.23	5.92	6.83	6.31	6.28	5.30
Amortization Expense	0.00	8.29	8.29	8.31	8.64	9.29	9.22	9.49	8.66
Total Other Income / (Expense), net	-8.39	-8.09	-7.67	-7.13	-7.82	-11	-10	-11	-6.59
Interest Expense	7.34	7.20	7.70	9.54	11	10	9.46	9.19	7.42
Other Income / (Expense), net	-1.05	-0.90	0.04	2.41	2.74	-0.68	-0.56	-1.94	0.83
Income Tax Expense	3.15	5.25	9.13	7.63	0.34	0.93	5.04	3.05	2.54
Basic Earnings per Share	$1.45	$1.74	$1.37	$1.18	$1.26	$1.08	$0.87	$0.47	$1.01
Weighted Average Basic Shares Outstanding	18.51M	18.76M	18.74M	18.80M	18.82M	18.79M	18.78M	18.82M	18.83M
Diluted Earnings per Share	$1.44	$1.73	$1.36	$1.16	$1.25	$1.07	$0.87	$0.46	$1.01
Weighted Average Diluted Shares Outstanding	18.61M	18.91M	18.86M	18.99M	18.97M	18.92M	18.95M	19.03M	19.01M
Weighted Average Basic & Diluted Shares Outstanding	18.41M	18.76M	18.76M	18.72M	18.82M	18.81M	18.79M	18.73M	18.84M
Cash Dividends to Common per Share	$0.14	$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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	9.37	-3.52	-7.47	-62	76	-6.50	-10	15	-0.81	-2.75	3.17
Net Cash From Operating Activities	172	152	162	110	173	91	75	117	80	76	79
Net Cash From Continuing Operating Activities	172	152	162	110	173	91	75	117	80	76	79
Net Income / (Loss) Continuing Operations	110	83	64	71	55	69	61	63	47	39	40
Consolidated Net Income / (Loss)	110	83	64	71	55	69	61	63	47	39	40
Depreciation Expense	53	61	50	32	34	28	27	29	29	33	24
Non-Cash Adjustments To Reconcile Net Income	21	17	24	33	25	18	15	13	13	13	12
Changes in Operating Assets and Liabilities, net	-13	-7.70	24	-26	58	-24	-29	12	-8.74	-10	3.87
Net Cash From Investing Activities	-75	-3.67	-259	-194	-271	-30	-56	-15	-14	-15	-359
Net Cash From Continuing Investing Activities	-75	-3.67	-259	-194	-271	-30	-56	-15	-14	-15	-359
Purchase of Property, Plant & Equipment	-21	-22	-24	-20	-18	-27	-22	-15	-14	-13	-11
Acquisitions	-55	-33	-234	-175	-253	-3.57	-35	-0.09	-0.10	-1.82	-348
Divestitures	1.99	51	0.00	0.00	-	-	-	-	-	-	-
Other Investing Activities, net	-0.35	0.00	0.00	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-87	-153	90	23	170	-68	-29	-87	-67	-64	284
Net Cash From Continuing Financing Activities	-87	-153	90	23	170	-68	-29	-87	-67	-64	284
Repayment of Debt	-1,317	-1,416	-1,452	-773	-872	-722	-580	-645	-531	-420	-424
Repurchase of Common Equity	-48	-19	-21	-20	-30	-23	-17	-32	-14	-25	-28
Payment of Dividends	-11	-11	-11	-11	-11	-11	-7.92	-	-	-	-
Issuance of Debt	1,290	1,294	1,584	881	1,020	687	574	590	479	382	733
Other Financing Activities, net	-2.02	-0.41	-10	-54	62	1.29	2.12	-0.09	-1.01	-1.05	3.04
Effect of Exchange Rate Changes	-0.47	0.36	-1.20	-0.51	3.35	0.17	-	-	-	-	-1.00
Cash Interest Paid	30	34	23	10	14	10	9.89	7.92	8.94	9.85	2.73
Cash Income Taxes Paid	60	26	16	34	16	27	15	22	21	16	24

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	Q1 2025	Q4 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	5.28	11	-4.85	1.60	-3.62	2.53	-4.03	2.49	2.01
Net Cash From Operating Activities	-33	95	-10	107	26	37	-17	156	0.19
Net Cash From Continuing Operating Activities	-33	95	-10	107	26	37	-17	156	0.19
Net Income / (Loss) Continuing Operations	27	25	27	22	24	20	16	8.88	19
Consolidated Net Income / (Loss)	27	25	27	22	24	20	16	8.88	19
Depreciation Expense	15	13	14	15	15	16	16	16	14
Non-Cash Adjustments To Reconcile Net Income	5.53	5.17	3.23	7.64	1.43	2.94	4.71	14	3.31
Changes in Operating Assets and Liabilities, net	-80	52	-54	62	-14	-2.66	-53	118	-37
Net Cash From Investing Activities	-3.45	-61	-3.51	-0.28	42	-39	-6.90	-5.44	-245
Net Cash From Continuing Investing Activities	-3.45	-61	-3.51	-0.28	42	-39	-6.90	-5.44	-245
Purchase of Property, Plant & Equipment	-3.45	-5.87	-5.23	-4.46	-4.74	-6.70	-6.44	-7.15	-6.30
Divestitures	0.00	-	1.72	4.18	47	-	0.00	-	-
Net Cash From Financing Activities	41	-22	8.83	-106	-71	4.56	20	-149	248
Net Cash From Continuing Financing Activities	41	-22	8.83	-106	-71	4.56	20	-149	248
Repayment of Debt	-432	-332	-336	-401	-388	-334	-294	-372	-237
Repurchase of Common Equity	-39	-17	-30	1.52	-0.01	2.23	-23	-0.11	-0.33
Payment of Dividends	-2.62	-2.63	-2.64	-2.63	-2.63	-2.63	-2.64	-2.64	-2.63
Issuance of Debt	515	328	380	296	321	340	337	226	489
Other Financing Activities, net	0.00	0.30	-2.13	0.22	-1.61	-0.81	1.79	0.32	-1.04
Effect of Exchange Rate Changes	0.74	-0.65	-0.17	0.57	-0.39	0.17	0.01	0.98	-0.99
Cash Interest Paid	4.54	5.66	7.74	4.92	10	13	5.92	9.19	7.12
Cash Income Taxes Paid	1.10	9.84	1.13	14	4.15	7.54	0.91	2.09	2.01

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

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	Q1 2025	Q3 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,075	2,028	2,006	2,055	2,115	2,072	2,158
Total Current Assets	511	493	465	477	478	455	532
Cash & Equivalents	5.72	6.91	4.06	5.08	6.97	5.36	8.48
Restricted Cash	18	0.72	0.71	2.77	4.50	3.57	1.99
Accounts Receivable	236	212	209	215	226	221	282
Prepaid Expenses	21	25	23	34	33	28	31
Current Deferred & Refundable Income Taxes	1.07	11	4.59	11	7.63	8.42	12
Other Current Assets	228	238	223	209	200	188	197
Plant, Property, & Equipment, net	64	71	72	79	84	85	85
Total Noncurrent Assets	1,501	1,464	1,469	1,499	1,553	1,532	1,540
Goodwill	1,251	1,221	1,219	1,219	1,236	1,214	1,190
Intangible Assets	103	70	78	103	117	116	136
Noncurrent Deferred & Refundable Income Taxes	4.11	-	-	-	-	-	-
Other Noncurrent Operating Assets	143	172	171	176	200	202	214
Total Liabilities & Shareholders' Equity	2,075	2,028	2,006	2,055	2,115	2,072	2,158
Total Liabilities	1,106	1,052	1,062	1,162	1,243	1,226	1,320
Total Current Liabilities	382	408	392	369	369	352	372
Accounts Payable	122	121	111	123	113	110	129
Accrued Expenses	134	141	131	107	109	110	99
Current Employee Benefit Liabilities	76	91	94	77	87	61	75
Other Current Liabilities	50	41	44	39	40	44	49
Total Noncurrent Liabilities	725	644	670	793	873	874	948
Long-Term Debt	502	405	422	511	581	572	681
Capital Lease Obligations	11	12	13	14	15	16	13
Other Noncurrent Operating Liabilities	212	221	220	228	214	217	207
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	969	976	943	893	873	847	838
Total Preferred & Common Equity	969	976	943	893	873	847	838
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	969	976	943	893	873	847	838
Common Stock	448	437	432	415	411	406	397
Retained Earnings	899	853	823	756	734	717	697
Treasury Stock	-359	-301	-300	-267	-267	-266	-242
Accumulated Other Comprehensive Income / (Loss)	-18	-12	-12	-10	-6.32	-9.47	-14

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

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

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

Metric	Q1 2025	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.38%	3.09%	5.95%	0.58%	7.21%	18.19%	16.89%	22.58%	18.71%
EBITDA Growth	-7.63%	18.37%	21.29%	46.01%	13.50%	17.79%	23.57%	39.10%	7.88%
EBIT Growth	-12.30%	30.28%	37.39%	86.30%	19.16%	5.20%	13.31%	16.58%	-10.14%
NOPAT Growth	5.48%	26.08%	29.94%	60.03%	26.21%	44.19%	19.79%	22.06%	12.86%
Net Income Growth	-1.71%	37.65%	56.18%	149.60%	24.26%	10.41%	-8.20%	-26.49%	-6.30%
EPS Growth	0.00%	38.40%	56.32%	152.17%	23.76%	10.31%	-7.45%	-25.81%	-5.61%
Operating Cash Flow Growth	-230.31%	0.00%	40.58%	-31.35%	13,628.88%	172.65%	-138.57%	242.44%	-99.68%
Free Cash Flow Firm Growth	-138.47%	-47.43%	156.26%	145.96%	128.61%	-8.06%	17.16%	10.12%	-675.33%
Invested Capital Growth	5.22%	-2.37%	-4.56%	-4.27%	-7.04%	17.21%	15.73%	17.27%	50.03%
Revenue Q/Q Growth	0.00%	0.00%	7.04%	-4.62%	0.29%	3.48%	1.61%	1.67%	10.56%
EBITDA Q/Q Growth	0.00%	0.00%	2.62%	9.47%	3.61%	2.28%	24.62%	-14.90%	7.54%
EBIT Q/Q Growth	0.00%	0.00%	7.92%	13.54%	10.41%	1.54%	46.34%	-27.37%	-2.53%
NOPAT Q/Q Growth	0.00%	0.00%	13.83%	-12.67%	2.61%	27.39%	40.19%	-31.13%	17.23%
Net Income Q/Q Growth	0.00%	0.00%	15.56%	-6.65%	16.88%	23.87%	84.68%	-53.53%	3.85%
EPS Q/Q Growth	0.00%	0.00%	17.24%	-7.20%	16.82%	22.99%	89.13%	-54.46%	4.12%
Operating Cash Flow Q/Q Growth	-134.64%	0.00%	-109.36%	316.12%	-30.07%	318.11%	-110.82%	83,113.90%	-98.61%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	11.05%	-37.32%	175.11%	-7.63%	9.28%	60.99%	-183.69%
Invested Capital Q/Q Growth	0.00%	0.00%	2.41%	-5.67%	-3.00%	1.85%	2.73%	-8.40%	22.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	37.96%	37.13%	35.68%	36.54%	35.50%	34.93%	35.32%	36.91%	34.31%
EBITDA Margin	10.69%	11.26%	11.00%	11.26%	9.81%	9.50%	9.61%	7.76%	9.27%
Operating Margin	7.87%	8.90%	8.28%	7.72%	6.36%	6.41%	6.51%	4.85%	6.04%
EBIT Margin	7.66%	8.73%	8.29%	8.22%	6.91%	6.27%	6.39%	4.44%	6.21%
Profit (Net Income) Margin	5.51%	6.32%	5.00%	4.63%	4.73%	4.06%	3.39%	1.87%	4.08%
Tax Burden Percent	89.50%	86.16%	73.72%	74.39%	98.59%	95.64%	76.50%	74.46%	88.26%
Interest Burden Percent	80.35%	84.06%	81.85%	75.76%	69.52%	67.70%	69.39%	56.49%	74.47%
Effective Tax Rate	10.50%	13.84%	26.28%	25.61%	1.41%	4.36%	23.50%	25.54%	11.74%
Return on Invested Capital (ROIC)	9.98%	0.00%	8.58%	8.15%	8.26%	8.62%	6.81%	4.91%	7.02%
ROIC Less NNEP Spread (ROIC-NNEP)	8.37%	0.00%	7.50%	7.09%	7.02%	6.65%	5.36%	3.18%	5.78%
Return on Net Nonoperating Assets (RNNOA)	4.07%	0.00%	4.38%	3.98%	5.05%	4.11%	3.43%	1.85%	3.34%
Return on Equity (ROE)	14.05%	0.00%	12.96%	12.13%	13.31%	12.73%	10.23%	6.75%	10.36%
Cash Return on Invested Capital (CROIC)	4.34%	0.00%	13.11%	12.55%	14.31%	-8.74%	-8.12%	-9.54%	-33.80%
Operating Return on Assets (OROA)	7.55%	0.00%	8.10%	7.87%	6.43%	6.09%	6.02%	4.01%	5.59%
Return on Assets (ROA)	5.43%	0.00%	4.89%	4.43%	4.41%	3.95%	3.19%	1.69%	3.67%
Return on Common Equity (ROCE)	14.05%	0.00%	12.96%	12.13%	13.31%	12.73%	10.23%	6.75%	10.36%
Return on Equity Simple (ROE_SIMPLE)	11.32%	0.00%	9.73%	0.00%	7.76%	7.41%	7.41%	0.00%	8.05%
Net Operating Profit after Tax (NOPAT)	34	40	31	27	31	31	24	17	25
NOPAT Margin	7.05%	7.67%	6.11%	5.74%	6.27%	6.13%	4.98%	3.61%	5.33%
Net Nonoperating Expense Percent (NNEP)	1.61%	1.45%	1.08%	1.07%	1.24%	1.98%	1.45%	1.72%	1.23%
Return On Investment Capital (ROIC_SIMPLE)	2.32%	-	-	2.02%	-	-	-	1.20%	-
Cost of Revenue to Revenue	62.04%	62.87%	64.32%	63.46%	64.50%	65.07%	64.68%	63.09%	65.69%
SG&A Expenses to Revenue	27.05%	25.69%	24.82%	25.79%	26.23%	25.30%	25.60%	28.75%	25.29%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.08%	28.23%	27.40%	28.83%	29.13%	28.52%	28.82%	32.06%	28.27%
Earnings before Interest and Taxes (EBIT)	37	45	42	39	35	31	31	21	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	52	58	56	54	49	47	46	37	43
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.62	3.20	2.95	2.74	2.53	2.67	2.41	2.17	2.43
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
Price to Revenue (P/Rev)	0.78	0.00	1.40	1.28	1.16	1.21	1.11	1.04	1.20
Price to Earnings (P/E)	14.28	0.00	30.29	30.43	32.66	35.98	32.57	28.81	30.19
Dividend Yield	0.66%	0.34%	0.38%	0.42%	0.47%	0.45%	0.51%	0.57%	0.52%
Earnings Yield	7.00%	0.00%	3.30%	3.29%	3.06%	2.78%	3.07%	3.47%	3.31%
Enterprise Value to Invested Capital (EV/IC)	1.41	2.54	2.33	2.18	1.96	1.98	1.83	1.71	1.78
Enterprise Value to Revenue (EV/Rev)	1.02	0.00	1.62	1.50	1.43	1.52	1.43	1.35	1.62
Enterprise Value to EBITDA (EV/EBITDA)	9.48	0.00	15.58	14.97	15.58	16.87	15.94	15.34	18.55
Enterprise Value to EBIT (EV/EBIT)	12.65	0.00	21.81	21.64	23.77	26.09	23.89	22.47	26.28
Enterprise Value to NOPAT (EV/NOPAT)	15.34	0.00	26.91	26.04	26.87	30.12	30.30	28.97	34.29
Enterprise Value to Operating Cash Flow (EV/OCF)	13.84	19.41	20.25	19.35	13.94	16.70	17.38	14.86	52.66
Enterprise Value to Free Cash Flow (EV/FCFF)	33.35	0.00	17.34	16.99	13.17	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.44	0.47	0.48	0.61	0.71	0.72	0.67	0.85
Long-Term Debt to Equity	0.53	0.43	0.46	0.46	0.59	0.68	0.69	0.64	0.83
Financial Leverage	0.49	0.52	0.58	0.56	0.72	0.62	0.64	0.58	0.58
Leverage Ratio	2.13	2.18	2.28	2.32	2.43	2.34	2.38	2.38	2.31
Compound Leverage Factor	1.71	1.84	1.86	1.76	1.69	1.59	1.65	1.34	1.72
Debt to Total Capital	34.60%	30.63%	32.13%	32.62%	38.03%	41.40%	42.01%	40.15%	46.05%
Short-Term Debt to Total Capital	0.00%	0.98%	0.89%	1.91%	1.61%	1.38%	1.78%	1.63%	1.32%
Long-Term Debt to Total Capital	34.60%	29.65%	31.24%	30.71%	36.42%	40.03%	40.23%	38.52%	44.73%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	65.40%	69.37%	67.87%	67.38%	61.97%	58.60%	57.99%	59.85%	53.95%
Debt to EBITDA	2.36	0.00	2.16	2.26	3.05	3.55	3.69	3.64	4.84
Net Debt to EBITDA	2.25	0.00	2.14	2.21	3.00	3.48	3.64	3.56	4.77
Long-Term Debt to EBITDA	2.36	0.00	2.10	2.12	2.92	3.43	3.54	3.49	4.70
Debt to NOPAT	3.83	0.00	3.73	3.92	5.25	6.33	7.02	6.88	8.95
Net Debt to NOPAT	3.65	0.00	3.69	3.84	5.18	6.21	6.91	6.72	8.82
Long-Term Debt to NOPAT	3.83	0.00	3.62	3.69	5.03	6.12	6.72	6.60	8.69
Altman Z-Score	2.56	0.00	3.25	2.98	2.76	2.63	2.49	2.28	2.30
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.21	1.19	1.07	1.29	1.30	1.29	1.12	1.43
Quick Ratio	0.63	0.54	0.54	0.51	0.60	0.63	0.64	0.59	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-38	74	97	88	140	-186	-173	-191	-489
Operating Cash Flow to CapEx	-956.95%	0.00%	-191.37%	2,394.78%	541.97%	548.07%	-261.31%	2,175.76%	2.97%
Free Cash Flow to Firm to Interest Expense	-5.18	10.23	12.65	9.20	13.26	-18.40	-18.31	-20.78	-65.95
Operating Cash Flow to Interest Expense	-4.50	0.00	-1.30	11.20	2.43	3.62	-1.78	16.94	0.03
Operating Cash Flow Less CapEx to Interest Expense	-4.97	0.00	-1.98	10.74	1.98	2.96	-2.46	16.16	-0.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	0.00	0.98	0.96	0.93	0.97	0.94	0.90	0.90
Accounts Receivable Turnover	9.04	0.00	9.26	8.97	7.89	8.66	8.67	7.57	6.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	29.62	0.00	25.25	24.34	23.91	24.91	24.94	25.90	24.72
Accounts Payable Turnover	10.95	0.00	11.62	9.36	10.01	11.71	11.57	9.40	9.60
Days Sales Outstanding (DSO)	40.39	0.00	39.43	40.70	46.27	42.17	42.12	48.19	53.66
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	33.35	0.00	31.40	38.99	36.45	31.16	31.56	38.84	38.01
Cash Conversion Cycle (CCC)	7.04	0.00	8.03	1.71	9.83	11.00	10.56	9.35	15.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	1,457	1,400	1,385	1,352	1,434	1,478	1,451	1,413	1,542
Invested Capital Turnover	1.42	0.00	1.40	1.42	1.32	1.41	1.37	1.36	1.32
Increase / (Decrease) in Invested Capital	72	-34	-66	-60	-109	217	197	208	514
Enterprise Value (EV)	2,055	3,552	3,223	2,948	2,805	2,933	2,649	2,410	2,740
Market Capitalization	1,567	3,128	2,782	2,514	2,264	2,328	2,044	1,851	2,036
Book Value per Share	$52.55	$52.05	$50.34	$48.76	$47.48	$46.46	$45.20	$45.28	$44.52
Tangible Book Value per Share	($20.88)	($16.80)	($18.90)	($21.09)	($22.81)	($25.58)	($25.82)	($25.80)	($25.97)
Total Capital	1,482	1,407	1,390	1,362	1,442	1,490	1,460	1,426	1,553
Total Debt	513	431	447	444	548	617	613	572	715
Total Long-Term Debt	513	417	434	418	525	596	587	549	694
Net Debt	489	423	442	435	540	605	605	559	704
Capital Expenditures (CapEx)	3.45	0.00	5.23	4.46	4.74	6.70	6.44	7.15	6.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	105	91	80	45	124	118	120	61	170
Debt-free Net Working Capital (DFNWC)	129	99	85	55	131	130	129	74	181
Net Working Capital (NWC)	129	85	73	29	108	109	103	51	160
Net Nonoperating Expense (NNE)	7.51	6.97	5.65	5.30	7.71	10	7.66	8.28	5.81
Net Nonoperating Obligations (NNO)	489	423	442	435	540	605	605	559	704
Total Depreciation and Amortization (D&A)	15	13	14	15	15	16	16	16	14
Debt-free, Cash-free Net Working Capital to Revenue	5.23%	0.00%	4.02%	2.32%	6.31%	6.13%	6.50%	3.43%	10.06%
Debt-free Net Working Capital to Revenue	6.42%	0.00%	4.26%	2.80%	6.71%	6.73%	6.98%	4.16%	10.68%
Net Working Capital to Revenue	6.42%	0.00%	3.64%	1.47%	5.52%	5.66%	5.57%	2.85%	9.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$1.74	$1.37	$1.18	$1.26	$1.08	$0.87	$0.47	$1.01
Adjusted Weighted Average Basic Shares Outstanding	18.51M	18.76M	18.74M	18.80M	18.82M	18.79M	18.78M	18.82M	18.83M
Adjusted Diluted Earnings per Share	$1.44	$1.73	$1.36	$1.16	$1.25	$1.07	$0.87	$0.46	$1.01
Adjusted Weighted Average Diluted Shares Outstanding	18.61M	18.91M	18.86M	18.99M	18.97M	18.92M	18.95M	19.03M	19.01M
Adjusted Basic & Diluted Earnings per Share	$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	18.41M	18.76M	18.76M	18.72M	18.82M	18.81M	18.79M	18.73M	18.84M
Normalized Net Operating Profit after Tax (NOPAT)	34	40	31	27	31	31	24	17	25
Normalized NOPAT Margin	7.05%	7.67%	6.11%	5.74%	6.27%	6.13%	4.98%	3.61%	5.33%
Pre Tax Income Margin	6.15%	7.34%	6.78%	6.23%	4.80%	4.25%	4.44%	2.51%	4.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.09	6.27	5.51	4.12	3.28	3.10	3.27	2.30	3.92
NOPAT to Interest Expense	4.68	5.51	4.06	2.88	2.98	3.03	2.54	1.87	3.36
EBIT Less CapEx to Interest Expense	4.62	0.00	4.83	3.66	2.83	2.44	2.59	1.52	3.07
NOPAT Less CapEx to Interest Expense	4.21	0.00	3.38	2.41	2.53	2.36	1.86	1.09	2.51
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.56%	0.00%	11.47%	12.75%	15.20%	16.29%	16.80%	16.42%	15.65%
Augmented Payout Ratio	61.30%	0.00%	40.46%	35.85%	45.08%	48.79%	51.46%	49.45%	48.94%

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. See ICF International's forecast for analyst expectations on what’s next for the company.

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 5/29/2025 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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