ICF International, Inc. (ICFI) Income Statement
ICFI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsICFI revenue and net income
Where ICFI's revenue goes
2025Each bar shows an amount and its share of revenue. ICFI kept 4.9% of revenue as net income.
ICFI profit margins
ICFI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.3% | +1.7% | +4.4% | +5.2% |
| Gross profit | −13.5% | −0.4% | +3.6% | +3.8% |
| Operating income | −8.5% | +11.7% | +11.2% | +7.3% |
| Net income | −16.9% | +12.5% | +10.8% | +8.8% |
| EPS (diluted) | −9.7% | +5.1% | +10.0% | +10.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ICFI quarterly EPS vs estimates
ICF International beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.89).
ICFI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.02B | $1.96B | $1.78B | $1.55B | $1.51B | $1.48B | $1.34B | $1.23B | $1.19B |
| Cost of revenue | $1.23B | $1.28B | $1.27B | $1.13B | $979.6M | $972.4M | $953.2M | $857.5M | $771.7M | $745.1M |
| Gross profit | $637.9M | $737.8M | $698.2M | $645.5M | $573.5M | $534.5M | $525.3M | $480.5M | $457.4M | $440.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $492.4M | $518.5M | $513.8M | $486.9M | $430.6M | $411.6M | $395.8M | $361.0M | $346.4M | $328.0M |
| Total operating expenses | $486.2M | $571.9M | $565.9M | $536.8M | $462.5M | $445.4M | $423.9M | $388.2M | $375.0M | $357.2M |
| Operating income | $151.7M | $165.8M | $132.3M | $108.8M | $110.9M | $89.1M | $101.4M | $92.3M | $82.4M | $82.8M |
| Interest income | — | — | — | — | — | — | $10.7M | $8.7M | $8.6M | $9.5M |
| Interest expense | $8.4M | $29.6M | $39.7M | $23.3M | $10.0M | $13.7M | $10.7M | $8.7M | $8.6M | $9.5M |
| Income before taxes | $112.0M | $138.1M | $96.5M | $84.0M | $100.1M | $74.7M | $90.2M | $82.8M | $74.0M | $74.5M |
| Income taxes | $20.4M | $27.9M | $13.9M | $19.7M | $29.0M | $19.7M | $21.2M | $21.4M | $11.1M | $27.9M |
| Net income | $91.6M | $110.2M | $82.6M | $64.2M | $71.1M | $55.0M | $68.9M | $61.4M | $62.9M | $46.6M |
| EBITDA | $178.6M | $221.1M | $197.0M | $157.2M | $142.0M | $124.3M | $128.7M | $119.5M | $111.1M | $113.1M |
| EPS (diluted) | $6.74 | $7.46 | $6.48 | $5.81 | $4.83 | $4.18 | $4.14 | $3.75 | $3.03 | $2.86 |
| Gross margin | 34.1% | 36.5% | 35.6% | 36.3% | 36.9% | 35.5% | 35.5% | 35.9% | 37.2% | 37.1% |
| Operating margin | 8.1% | 8.2% | 6.7% | 6.1% | 7.1% | 5.9% | 6.9% | 6.9% | 6.7% | 7.0% |
| Net margin | 4.9% | 5.5% | 4.2% | 3.6% | 4.6% | 3.6% | 4.7% | 4.6% | 5.1% | 3.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $474.5M | $437.5M | $443.7M | $465.4M | $476.2M | $487.6M | $496.3M | $517.0M | $512.0M | $494.4M | $478.4M | $501.5M |
| Cost of revenue | $297.9M | $283.8M | $299.8M | $290.5M | $298.4M | $302.5M | $317.1M | $325.0M | $329.3M | $310.5M | $303.5M | $323.5M |
| Gross profit | $176.6M | $153.7M | $143.9M | $174.9M | $177.7M | $185.1M | $179.2M | $192.0M | $182.7M | $183.9M | $174.8M | $178.0M |
| Sales, general & admin | $123.3M | $118.8M | $115.2M | $122.3M | $123.0M | $131.9M | $129.8M | $133.2M | $127.5M | $132.3M | $126.5M | $131.6M |
| Total operating expenses | $136.8M | $117.2M | $112.3M | $136.4M | $137.7M | $146.7M | $142.8M | $145.9M | $140.3M | $143.0M | $137.9M | $146.1M |
| Operating income | $39.9M | $36.5M | $31.6M | $38.4M | $40.0M | $38.4M | $36.5M | $46.0M | $42.4M | $40.9M | $36.9M | $31.9M |
| Interest expense | $6.8M | $6.7M | $7.2M | $7.9M | $8.4M | $7.3M | $6.5M | $7.2M | $7.7M | $8.2M | $9.5M | $10.6M |
| Income before taxes | $32.8M | $27.4M | $21.3M | $30.7M | $29.9M | $30.0M | $31.1M | $37.9M | $34.7M | $34.3M | $29.8M | $24.1M |
| Income taxes | $5.8M | $6.9M | $4.0M | $7.0M | $6.3M | $3.1M | $6.5M | $5.3M | $9.1M | $7.0M | $7.6M | $340,000 |
| Net income | $26.9M | $20.5M | $17.3M | $23.8M | $23.7M | $26.9M | $24.6M | $32.7M | $25.6M | $27.3M | $22.2M | $23.7M |
| EBITDA | $46.2M | $47.3M | $43.0M | $52.8M | $53.1M | $52.1M | $50.8M | $58.2M | $55.6M | $56.4M | $59.1M | $49.2M |
| EPS (diluted) | $1.86 | $1.50 | $1.47 | $1.67 | $1.66 | $1.94 | $1.87 | $2.13 | $1.69 | $1.77 | $1.68 | $1.81 |
| Gross margin | 37.2% | 35.1% | 32.4% | 37.6% | 37.3% | 38.0% | 36.1% | 37.1% | 35.7% | 37.2% | 36.5% | 35.5% |
| Operating margin | 8.4% | 8.3% | 7.1% | 8.3% | 8.4% | 7.9% | 7.3% | 8.9% | 8.3% | 8.3% | 7.7% | 6.4% |
| Net margin | 5.7% | 4.7% | 3.9% | 5.1% | 5.0% | 5.5% | 4.9% | 6.3% | 5.0% | 5.5% | 4.6% | 4.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ICFI's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ICFI financial results
In fiscal year 2025 (ended December 31, 2025), ICF International reported revenue of $1.9 billion, down 7.3% from the year before. It had net income of $91.6 million (down 16.9%), a net profit margin of 4.9%. Diluted earnings per share came to $6.74. Over five years revenue grew at an average rate of 4.4% a year.
See the ICFI stock overview for the latest quote and news, or the ICFI chart for price history and technical indicators.
ICFI income statement FAQ
What is ICF International's annual revenue?
ICF International reported total revenue of $1.9 billion for fiscal year 2025, which ended on December 31, 2025. That was down 7.3% from $2.0 billion the previous year.
Is ICF International profitable?
Yes. ICF International reported net income of $91.6 million in fiscal 2025, a net profit margin of 4.9%; its operating margin was 8.1%.
What is ICF International's gross margin?
ICF International's gross margin was 34.1% in fiscal 2025: for every $100 of revenue, ICF International kept $34 after the direct cost of its products and services.
How fast is ICF International growing?
Revenue grew 4.4% a year on average over the last five fiscal years, from $1.5 billion to $1.9 billion.
What are ICF International's earnings per share?
ICF International earned $6.74 per diluted share in fiscal 2025, compared with $7.46 a year earlier.
When will ICF International report its next earnings?
ICF International is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does ICF International's fiscal year end?
ICF International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.