ICFI
IndustrialsICF International, Inc. · Consulting Services · $1B
What is ICF International, Inc.?
ICF International is a consulting and technology services firm serving government agencies and commercial clients across the United States and internationally. The company blends policy expertise, data analytics, and digital modernization under one roof.
ICF generates revenue by delivering consulting, implementation, and technology services to federal, state, and commercial clients. Its work spans strategic advisory, IT modernization, cybersecurity, survey research, and marketing communications. Clients rely on ICF to design programs, analyze data, and navigate complex policy or regulatory environments. The firm also helps organizations engage their stakeholders through public relations and multichannel communications campaigns.
ICF International was incorporated in 2006 and is headquartered in Reston, Virginia.
- Management and policy consulting for government agencies
- IT modernization and digital transformation services
- Cybersecurity solutions and infrastructure protection
- Survey research, data analytics, and business intelligence
- Public relations, branding, and marketing communications
Is ICFI a Good Stock to Buy?
UQS Score rates ICFI as Good overall, reflecting a mixed but constructive profile across its five pillars.
The most notable positive in ICFI's profile is its Valuation pillar, rated Attractive — suggesting the market may not be fully pricing in the company's fundamentals relative to peers. Risk is rated Neutral, indicating the business does not carry outsized balance-sheet or operational hazards compared to the broader sector.
Growth and Moat are both rated Weak, pointing to limited near-term expansion momentum and a competitive positioning that does not yet stand out clearly from rivals in the government consulting space.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ICFI pay dividends?
Yes — ICF International, Inc. pays a dividend.
ICF International pays a regular dividend, which is relatively uncommon among smaller consulting firms. This reflects a degree of cash-flow stability tied to long-term government contracts. Income-oriented investors may find the dividend cadence appealing, though the payout should be weighed alongside the company's Weak Growth pillar when considering total-return potential.
When does ICFI report earnings?
ICF International reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Revenue trends have been shaped by the mix of federal contract renewals and commercial client activity. Given the Neutral Quality and Weak Growth pillar ratings, recent results reflect steady but unspectacular operational performance rather than accelerating expansion.
For the most recent quarter's results and guidance, visit ICF International's investor relations page directly.
ICFI Price History
-19.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in ICF International, Inc.?
Based on ICF International, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ICFI Long-term Outlook
ICFI's fundamental outlook is shaped by its Weak Growth pillar alongside an Attractive Valuation rating — a combination that suggests the stock may offer more value than near-term revenue acceleration. The Neutral Risk profile indicates the business is not in a precarious position, but meaningful upside likely depends on winning larger federal contracts or expanding commercial engagements. Investors focused on long-term quality should weigh the limited moat against the relatively undemanding valuation.
Growth drivers
- Federal government IT modernization and digital transformation spending
- Demand for cybersecurity services across public-sector agencies
- Expansion of commercial advisory and marketing communications work
Key risks
- Concentration in government contracts subject to budget cycles and political shifts
- Weak Moat rating signals limited pricing power versus competing consulting firms
- Attractive Valuation may reflect genuine growth uncertainty rather than a simple mispricing
ICFI vs Peers
ICF International competes in the specialized consulting and advisory space alongside several firms with distinct positioning.
CRA focuses heavily on litigation support and economic consulting, giving it a different client mix than ICF's government-centric model.
Huron emphasizes healthcare and higher-education consulting, sectors where ICF has a smaller footprint.
Exponent specializes in engineering and scientific consulting, commanding premium fees through deep technical expertise that differs from ICF's policy-and-technology blend.
Frequently Asked Questions
What does ICF International do?
ICF International provides consulting, technology, and implementation services to government and commercial clients. Its work covers policy advisory, IT modernization, cybersecurity, data analytics, and marketing communications. The company helps clients design programs, understand complex issues, and engage their stakeholders effectively.
Does ICFI pay dividends?
Yes, ICF International pays a regular dividend. This is relatively uncommon for a small-cap consulting firm and reflects the cash-flow predictability that comes with long-term government contracts. Investors should review the current yield and payout history on the company's investor relations page.
When does ICFI report earnings?
ICF International follows a standard quarterly reporting schedule. The company's investor relations page is the most reliable source for upcoming earnings dates and recent results.
Is ICFI a good stock to buy?
UQS Score rates ICFI as Good overall. The Valuation pillar is Attractive and Risk is Neutral, which are constructive signals. However, both Growth and Moat are rated Weak, meaning the stock's appeal depends heavily on whether an investor prioritizes current value over near-term expansion. The full pillar breakdown is available to Pro members.
Is ICFI overvalued?
Based on the UQS Valuation pillar, ICFI is rated Attractive — meaning the stock appears reasonably priced or potentially undervalued relative to its fundamentals. That said, an Attractive Valuation rating can sometimes reflect the market pricing in limited growth expectations rather than a straightforward bargain.
How does ICFI compare to its competitors?
ICF International sits in a competitive consulting landscape alongside firms like CRA International, Huron Consulting, and Exponent. Each competitor has a distinct specialty — litigation economics, healthcare advisory, or engineering science — while ICF's differentiation lies in its government-focused policy, technology, and communications blend. See the full comparison on UQS Score.
What is ICFI's market cap bracket?
ICFI is classified as a small-cap stock. This places it below large-cap consulting peers in terms of total market value, which can mean less analyst coverage and potentially wider price swings, but also the possibility of being overlooked by institutional investors.
Who founded ICF International?
ICF International traces its roots to a consulting group that was incorporated in its current public form in 2006. Detailed founding history, including key individuals involved, is publicly available through the company's official website and SEC filings.
Is ICFI a long-term quality investment?
As a long-term quality indicator, ICFI's UQS profile is mixed. The Neutral Quality and Risk pillars suggest operational stability, but the Weak Moat rating raises questions about durable competitive advantage over time. Investors focused on long-term compounding should weigh these factors carefully before committing. Pro members can view the complete analysis.
What is the main competitive advantage of ICF International?
ICF's primary edge comes from its deep integration across policy expertise, data analytics, and technology delivery — a combination that is difficult for pure-play IT firms or boutique policy shops to replicate. However, the UQS Moat pillar is rated Weak, suggesting this advantage has not yet translated into a clearly defensible market position.
What sector does ICFI belong to?
ICFI is classified in the Industrials sector, specifically within the professional and commercial services segment. Its work for government agencies and commercial clients places it at the intersection of public policy, technology services, and management consulting.
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Pro Analysis
ICFI — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 50.8 | 56.5 | 32.0 | 34.7 | 47.9 | 97.1 | -0.1 |
| May 18, 2026 | 50.9 | 56.5 | 32.0 | 34.7 | 47.9 | 97.7 | +0.1 |
| May 11, 2026 | 50.8 | 56.5 | 32.0 | 34.8 | 47.9 | 97.0 | -0.1 |
| May 10, 2026 | 50.9 | 56.5 | 32.0 | 34.8 | 47.9 | 97.3 | -0.2 |
| May 7, 2026 | 51.1 | 57.7 | 32.0 | 35.0 | 46.4 | 97.8 | +0.1 |
| May 3, 2026 | 51.0 | 57.7 | 32.0 | 35.0 | 46.4 | 97.7 | -0.1 |
| Apr 26, 2026 | 51.1 | 57.7 | 32.0 | 35.0 | 46.4 | 98.2 | 0.0 |
| Apr 18, 2026 | 51.1 | 57.7 | 32.0 | 35.0 | 46.4 | 97.9 | -0.2 |
| Apr 14, 2026 | 51.3 | 57.7 | 32.0 | 35.0 | 46.4 | 99.5 | -0.1 |
| Apr 3, 2026 | 51.4 | 57.7 | 32.0 | 35.0 | 46.4 | 99.8 | 0.0 |
ICFI — Pillar Breakdown
Quality
— 56.5/100 (25%)ICF International, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 34.7/100 (20%)ICF International, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 47.9/100 (15%)ICF International, Inc. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.1/100 (15%)ICF International, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 32/100 (25%)ICF International, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ICFI.
Score Composition
Financial Data
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How is the ICFI UQS Score Calculated?
The UQS (Unified Quality Score) for ICF International, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses ICF International, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether ICF International, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.