ICF International, Inc. (ICFI) Financial Ratios
22 years of historical data (2004–2025) · Industrials · Consulting Services
EV/EBITDA
↓
8.44
↓-43% vs avg
5yr avg: 14.92
30Y Low5.5·High18.2
P/FCF
↓
10.02
↓-40% vs avg
5yr avg: 16.62
30Y Low6.3·High27.3
P/B Ratio
↓
1.19
↓-47% vs avg
5yr avg: 2.25
30Y Low1.1·High2.8
ROE
↓
9.1%
-3% vs avg
5yr avg: 9.4%
30Y Low4%·High29%
Debt/EBITDA
↓
2.72
↓-25% vs avg
5yr avg: 3.65
30Y Low0.5·High5.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ICFI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ICF International, Inc. trades at 13.4x earnings, 46% below its 5-year average of 25.1x, sitting at the 20th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 47%. On a free-cash-flow basis, the stock trades at 10.0x P/FCF, 40% below the 5-year average of 16.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.6B | $2.3B | $2.5B | $1.9B | $2.0B | $1.4B | $1.8B | $1.3B | $1.0B | $1.1B |
| Enterprise Value | $1.8B | $2.1B | $2.9B | $3.2B | $2.7B | $2.6B | $1.9B | $2.1B | $1.4B | $1.2B | $1.3B |
| P/E Ratio → | 13.44 | 17.23 | 20.48 | 30.83 | 29.30 | 27.57 | 25.90 | 25.52 | 20.37 | 16.06 | 23.00 |
| P/S Ratio | 0.64 | 0.84 | 1.12 | 1.30 | 1.06 | 1.26 | 0.94 | 1.19 | 0.94 | 0.82 | 0.90 |
| P/B Ratio | 1.19 | 1.53 | 2.30 | 2.78 | 2.21 | 2.44 | 1.90 | 2.46 | 1.90 | 1.64 | 1.89 |
| P/FCF | 10.02 | 13.07 | 15.03 | 19.58 | 13.69 | 21.72 | 9.15 | 27.29 | 23.70 | 9.84 | 16.30 |
| P/OCF | 8.49 | 11.08 | 13.15 | 16.71 | 11.62 | 17.80 | 8.21 | 19.26 | 16.77 | 8.62 | 13.47 |
P/E links to full P/E history page with 30-year chart
ICFI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ICF International, Inc.'s enterprise value stands at 8.4x EBITDA, 43% below its 5-year average of 14.9x. The Industrials sector median is 13.8x, placing the stock at a 39% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.14 | 1.41 | 1.62 | 1.49 | 1.67 | 1.25 | 1.40 | 1.08 | 0.98 | 1.12 |
| EV / EBITDA | 8.44 | 10.19 | 13.01 | 16.49 | 16.70 | 18.20 | 15.63 | 16.14 | 12.06 | 10.85 | 11.84 |
| EV / EBIT | 11.67 | 17.75 | 17.02 | 23.37 | 24.71 | 23.63 | 20.80 | 20.60 | 15.75 | 14.62 | 16.01 |
| EV / FCF | — | 17.78 | 19.01 | 24.48 | 19.24 | 28.82 | 12.12 | 32.09 | 27.27 | 11.73 | 20.15 |
ICFI Profitability
Margins and return-on-capital ratios measuring operating efficiency
ICF International, Inc. earns an operating margin of 8.1%, above the Industrials sector average of 4.3%. Operating margins have expanded from 6.7% to 8.1% over the past 3 years, signaling improving operational efficiency. ROE of 9.1% is modest. ROIC of 7.2% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.1% | 34.1% | 36.5% | 35.6% | 36.3% | 36.9% | 35.5% | 35.5% | 35.9% | 37.2% | 37.1% |
| Operating Margin | 8.1% | 8.1% | 8.2% | 6.7% | 6.1% | 7.1% | 5.9% | 6.9% | 6.9% | 6.7% | 7.0% |
| Net Profit Margin | 4.9% | 4.9% | 5.5% | 4.2% | 3.6% | 4.6% | 3.6% | 4.7% | 4.6% | 5.1% | 3.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 9.1% | 11.6% | 9.3% | 7.8% | 9.2% | 7.5% | 10.0% | 9.6% | 10.6% | 8.6% |
| ROA | 4.4% | 4.4% | 5.4% | 4.0% | 3.3% | 4.0% | 3.6% | 5.2% | 5.3% | 5.7% | 4.3% |
| ROIC | 7.2% | 7.2% | 7.9% | 6.3% | 5.3% | 6.3% | 6.0% | 8.1% | 8.3% | 7.6% | 7.5% |
| ROCE | 9.3% | 9.3% | 10.3% | 8.1% | 6.9% | 8.2% | 7.7% | 10.1% | 10.1% | 9.3% | 9.3% |
ICFI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ICF International, Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (16% below the sector average of 3.2x). Net debt stands at $566M ($571M total debt minus $5M cash). Interest coverage of 14.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.56 | 0.56 | 0.61 | 0.70 | 0.91 | 0.81 | 0.64 | 0.44 | 0.30 | 0.33 | 0.46 |
| Debt / EBITDA | 2.72 | 2.72 | 2.75 | 3.33 | 4.89 | 4.54 | 3.94 | 2.46 | 1.68 | 1.86 | 2.32 |
| Net Debt / Equity | — | 0.55 | 0.61 | 0.69 | 0.90 | 0.80 | 0.62 | 0.43 | 0.29 | 0.32 | 0.45 |
| Net Debt / EBITDA | 2.70 | 2.70 | 2.72 | 3.30 | 4.82 | 4.48 | 3.83 | 2.41 | 1.58 | 1.75 | 2.26 |
| Debt / FCF | — | 4.71 | 3.98 | 4.89 | 5.56 | 7.09 | 2.97 | 4.80 | 3.57 | 1.89 | 3.85 |
| Interest Coverage | 14.30 | 14.30 | 5.67 | 3.43 | 4.61 | 11.03 | 6.61 | 9.38 | 10.51 | 9.64 | 8.74 |
ICFI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means ICF International, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.07x to 1.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 1.10 | 1.07 | 1.12 | 1.19 | 1.11 | 1.28 | 1.41 | 1.48 | 1.52 |
| Quick Ratio | 1.27 | 1.27 | 1.10 | 1.07 | 1.12 | 1.19 | 1.11 | 1.28 | 1.41 | 1.43 | 1.52 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | 0.04 | 0.05 | 0.03 |
| Asset Turnover | — | 0.91 | 0.98 | 0.98 | 0.85 | 0.84 | 0.90 | 1.04 | 1.10 | 1.11 | 1.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 68.96 | — |
| Days Sales Outstanding | — | 46.38 | 81.70 | 76.16 | 84.70 | 90.81 | 89.19 | 101.42 | 99.34 | 88.23 | 86.66 |
ICFI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ICF International, Inc. returns 5.4% to shareholders annually — split between a 0.8% dividend yield and 4.6% buyback yield. The payout ratio of 11.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 7.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 0.7% | 0.5% | 0.4% | 0.6% | 0.5% | 0.7% | 0.6% | 0.6% | — | — |
| Payout Ratio | 11.3% | 11.3% | 9.5% | 12.8% | 16.4% | 14.9% | 19.2% | 15.3% | 12.9% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.4% | 5.8% | 4.9% | 3.2% | 3.4% | 3.6% | 3.9% | 3.9% | 4.9% | 6.2% | 4.3% |
| FCF Yield | 10.0% | 7.7% | 6.7% | 5.1% | 7.3% | 4.6% | 10.9% | 3.7% | 4.2% | 10.2% | 6.1% |
| Buyback Yield | 4.6% | 3.5% | 2.1% | 0.7% | 1.1% | 1.0% | 2.1% | 1.3% | 1.4% | 3.2% | 1.3% |
| Total Shareholder Yield | 5.4% | 4.2% | 2.6% | 1.2% | 1.7% | 1.6% | 2.8% | 1.9% | 2.0% | 3.2% | 1.3% |
| Shares Outstanding | — | $18M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M |
Peer Comparison
Compare ICFI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ICFIYou | $1B | 13.4 | 8.4 | 10.0 | 34.1% | 8.1% | 9.1% | 7.2% | 2.7 |
 CACI | $10B | 20.9 | 14.1 | 21.4 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 SAIC | $4B | 13.3 | 10.2 | 7.5 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
 FCN | $4B | 17.7 | 10.2 | 28.0 | 32.1% | 10.9% | 13.6% | 15.9% | 1.3 |
 FORR | $128M | -1.1 | 8.2 | 7.1 | 53.3% | 0.5% | -67.0% | 0.8% | 4.3 |
 HII | $11B | 18.5 | 14.5 | 14.2 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 BAH | $8B | 9.6 | 9.0 | 8.4 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 LDOS | $13B | 9.6 | 7.6 | 8.3 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 PSN | $6B | 23.7 | 12.3 | 13.6 | 22.5% | 6.6% | 9.1% | 8.6% | 2.8 |
 KBR | $4B | 10.2 | 9.2 | 8.6 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
 VRNS | $4B | -29.5 | — | 29.1 | 79.1% | -23.5% | -24.5% | -11.0% | — |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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ICFI — Frequently Asked Questions
Quick answers to the most common questions about buying ICFI stock.
What is ICF International, Inc.'s P/E ratio?
ICF International, Inc.'s current P/E ratio is 13.4x. The historical average is 19.6x. This places it at the 20th percentile of its historical range.
What is ICF International, Inc.'s EV/EBITDA?
ICF International, Inc.'s current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
What is ICF International, Inc.'s ROE?
ICF International, Inc.'s return on equity (ROE) is 9.1%. The historical average is 10.1%.
Is ICFI stock overvalued?
Based on historical data, ICF International, Inc. is trading at a P/E of 13.4x. This is at the 20th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ICF International, Inc.'s dividend yield?
ICF International, Inc.'s current dividend yield is 0.85% with a payout ratio of 11.3%.
What are ICF International, Inc.'s profit margins?
ICF International, Inc. has 34.1% gross margin and 8.1% operating margin.
How much debt does ICF International, Inc. have?
ICF International, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.