CACI International Inc (CACI) Balance Sheet

As reported in recent financial statements, CACI has seen total assets grow from $6.7 billion in 2024Q2 to $11.6 billion by 2026Q3, a trend that suggests an aggressive inorganic growth strategy that is increasingly reliant on debt and goodwill rather than organic equity accumulation.

Based on the provided quarterly data, CACI's debt-to-equity ratio has fluctuated significantly, peaking at 0.94 in 2025Q3 before moderating to 0.11 in 2026Q3, which indicates that management utilizes debt as a tactical tool to fund specific M&A events rather than maintaining a steady capital structure.

According to the balance sheet data, goodwill has risen to $6.5 billion as of 2026Q3, representing over 56% of total assets, which suggests that the company's valuation is heavily dependent on the successful integration and performance of past acquisitions rather than tangible physical infrastructure.

As indicated by the reported figures, CACI's cash position has remained thin, with only $158 million in cash against $11.6 billion in total assets as of 2026Q3, suggesting a limited buffer to absorb operational shocks or fund unexpected capital requirements without external financing.