ICF International, Inc. (ICFI) Key Metrics
ICFI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.60B
- Enterprise value
- $2.06B
- P/E (TTM)
- 18.5 10-yr median 24.3
- Forward P/E
- 10.9
- PEG ratio
- 1.88
- Price / sales
- 0.9 10-yr median 1.0
- Price / book
- 1.4 10-yr median 2.1
- EV / EBITDA
- 10.5 10-yr median 14.0
- Dividend yield
- 0.63% $0.56 a year
- Beta
- 0.53
ICFI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsICFI valuation Price multiples at each fiscal year-end price.
ICFI returns How much profit the business earns on the capital it uses.
ICFI per-share figures Results divided by the shares outstanding at year-end.
ICFI financial health Debt, liquidity and how easily interest is covered.
ICFI efficiency & capital use Working capital cycle and where the cash goes.
ICFI valuation history
ICFI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ICFI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ICFI cash returned to shareholders
ICFI price vs earnings per share
ICFI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.57B | $2.26B | $2.55B | $1.89B | $1.96B | $1.42B | $1.76B | $1.25B | $1.01B | $1.07B |
| Enterprise value | $2.14B | $2.85B | $3.18B | $2.65B | $2.60B | $1.88B | $2.07B | $1.45B | $1.31B | $1.41B |
| P/E ratio | 17.2 | 20.5 | 30.8 | 29.3 | 27.6 | 25.9 | 25.5 | 20.4 | 16.1 | 23.0 |
| Price / sales | 0.8 | 1.1 | 1.3 | 1.1 | 1.3 | 0.9 | 1.2 | 0.9 | 0.8 | 0.9 |
| Price / book | 1.5 | 2.3 | 2.8 | 2.2 | 2.4 | 1.9 | 2.5 | 1.9 | 1.6 | 1.9 |
| Price / free cash flow | 13.1 | 15.0 | 19.6 | 13.7 | 21.7 | 9.1 | 27.3 | 23.7 | 9.8 | 16.3 |
| Price / operating cash flow | 11.1 | 13.2 | 16.7 | 11.6 | 17.8 | 8.2 | 19.3 | 16.8 | 8.6 | 13.5 |
| EV / sales | 1.1 | 1.4 | 1.6 | 1.5 | 1.7 | 1.3 | 1.4 | 1.1 | 1.1 | 1.2 |
| EV / EBITDA | 12.0 | 12.9 | 16.1 | 16.9 | 18.3 | 15.2 | 16.1 | 12.1 | 11.8 | 12.5 |
| EV / free cash flow | 17.8 | 19.0 | 24.5 | 19.2 | 28.8 | 12.1 | 32.1 | 27.3 | 12.7 | 21.4 |
| Earnings yield | 5.8% | 4.9% | 3.2% | 3.4% | 3.6% | 3.9% | 3.9% | 4.9% | 6.2% | 4.3% |
| Free cash flow yield | 7.7% | 6.7% | 5.1% | 7.3% | 4.6% | 10.9% | 3.7% | 4.2% | 10.2% | 6.1% |
| Dividend yield | 0.7% | 0.5% | 0.4% | 0.6% | 0.5% | 0.7% | 0.6% | 0.6% | 0.8% | 0.7% |
| Shareholder yield (dividends + buybacks) | 4.2% | 2.6% | 1.2% | 1.7% | 1.6% | 2.8% | 1.9% | 2.0% | 4.0% | 2.0% |
| Share price at fiscal year-end | $85.30 | $119.21 | $134.09 | $99.05 | $102.55 | $74.33 | $91.62 | $64.78 | $52.50 | $55.20 |
| Per share | ||||||||||
| Revenue per share | $101.67 | $106.73 | $103.36 | $93.52 | $81.21 | $78.75 | $76.91 | $69.20 | $63.87 | $61.04 |
| Earnings per share | $4.97 | $5.82 | $4.35 | $3.38 | $3.72 | $2.87 | $3.59 | $3.18 | $3.27 | $2.40 |
| Operating cash flow per share | $7.70 | $9.06 | $8.02 | $8.52 | $5.76 | $9.05 | $4.76 | $3.86 | $6.09 | $4.10 |
| Free cash flow per share | $6.53 | $7.93 | $6.85 | $7.24 | $4.72 | $8.12 | $3.36 | $2.73 | $5.34 | $3.39 |
| Cash per share | $0.29 | $0.26 | $0.50 | $0.59 | $0.43 | $0.72 | $0.34 | $0.60 | $0.61 | $0.31 |
| Book value per share | $55.84 | $51.91 | $48.31 | $44.83 | $42.01 | $39.04 | $37.17 | $34.16 | $32.01 | $29.15 |
| Tangible book value per share | −$16.57 | −$18.74 | −$20.89 | −$25.55 | −$16.89 | −$11.65 | −$1.62 | −$4.69 | −$5.48 | −$8.44 |
| Dividends per share | $0.56 | $0.56 | $0.55 | $0.55 | $0.55 | $0.55 | $0.55 | $0.41 | $0.41 | $0.41 |
| Capex per share | $1.18 | $1.13 | $1.18 | $1.29 | $1.04 | $0.92 | $1.40 | $1.13 | $0.75 | $0.71 |
| Debt per share | $31.02 | $31.82 | $33.84 | $40.79 | $33.90 | $24.85 | $16.44 | $10.58 | $16.13 | $17.70 |
| Shares outstanding | 18.4M | 18.9M | 19.0M | 19.0M | 19.1M | 19.1M | 19.2M | 19.3M | 19.2M | 19.4M |
| Change in shares outstanding | −2.7% | −0.4% | −0.2% | −0.5% | −0.1% | −0.5% | −0.6% | +0.5% | −0.9% | −1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.1% | 11.6% | 9.3% | 7.8% | 9.2% | 7.5% | 10.0% | 9.6% | 10.6% | 8.6% |
| Return on invested capital (ROIC) | 7.8% | 8.5% | 7.1% | 5.4% | 5.9% | 5.9% | 8.3% | 7.7% | 7.7% | 5.7% |
| Return on assets (ROA) | 4.4% | 5.4% | 4.0% | 3.3% | 4.0% | 3.6% | 5.2% | 5.3% | 5.7% | 4.3% |
| Return on tangible assets | 12.8% | 15.1% | 11.8% | 8.5% | 9.8% | 7.9% | 10.2% | 13.3% | 16.2% | 13.1% |
| Free cash flow margin | 6.4% | 7.4% | 6.6% | 7.7% | 5.8% | 10.3% | 4.4% | 4.0% | 8.4% | 5.5% |
| Income quality (OCF / net income) | 1.55 | 1.56 | 1.84 | 2.52 | 1.55 | 3.15 | 1.33 | 1.22 | 1.86 | 1.71 |
| Financial health | ||||||||||
| Total debt | $571.3M | $602.3M | $642.7M | $776.4M | $648.3M | $475.5M | $316.0M | $204.6M | $310.3M | $343.7M |
| Cash & short-term investments | $5.3M | $5.0M | $9.4M | $11.3M | $8.3M | $13.8M | $6.5M | $11.7M | $11.8M | $6.0M |
| Net debt | $566.0M | $597.3M | $633.2M | $765.1M | $640.1M | $461.7M | $309.5M | $192.9M | $298.5M | $337.7M |
| Debt / equity | 0.56 | 0.61 | 0.70 | 0.91 | 0.81 | 0.64 | 0.44 | 0.31 | 0.50 | 0.61 |
| Debt / assets | 0.28 | 0.29 | 0.32 | 0.37 | 0.35 | 0.29 | 0.22 | 0.17 | 0.28 | 0.32 |
| Net debt / EBITDA | 3.17 | 2.70 | 3.21 | 4.87 | 4.51 | 3.71 | 2.41 | 1.61 | 2.69 | 2.99 |
| Current ratio | 1.27 | 1.10 | 1.07 | 1.12 | 1.19 | 1.11 | 1.28 | 1.41 | 1.48 | 1.52 |
| Quick ratio | 1.27 | 1.10 | 1.08 | 1.12 | 1.16 | 0.95 | 1.28 | 1.41 | 1.43 | 1.52 |
| Interest coverage | 18.0 | 5.6 | 3.3 | 4.7 | 11.1 | 6.5 | 9.5 | 10.6 | 9.6 | 8.7 |
| Working capital | $110.2M | $42.9M | $28.9M | $50.7M | $72.5M | $48.6M | $95.7M | $114.0M | $107.1M | $102.4M |
| Invested capital | $1.59B | $1.58B | $1.55B | $1.62B | $1.44B | $1.21B | $1.02B | $853.3M | $914.6M | $903.7M |
| Tangible asset value | −$305.3M | −$354.7M | −$396.8M | −$486.2M | −$322.9M | −$222.8M | −$31.2M | −$90.7M | −$105.4M | −$163.8M |
| Net current asset value | −$507.3M | −$591.8M | −$647.0M | −$772.3M | −$596.9M | −$444.7M | −$270.9M | −$161.3M | −$162.8M | −$220.4M |
| Graham number | $79.04 | $82.46 | $68.76 | $58.35 | $59.30 | $50.23 | $54.76 | $49.40 | $48.51 | $39.67 |
| Graham net-net per share | −$37.15 | −$39.09 | −$41.06 | −$48.19 | −$38.80 | −$31.16 | −$20.34 | −$13.89 | −$13.20 | −$15.58 |
| Capital allocation | ||||||||||
| Dividends paid | $10.4M | $10.5M | $10.5M | $10.5M | $10.6M | $10.6M | $10.5M | $7.9M | $7.9M | $7.9M |
| Share buybacks (net) | $55.3M | $47.8M | $19.1M | $21.2M | $20.0M | $29.7M | $23.4M | $17.1M | $32.5M | $13.8M |
| Dividend payout ratio | 11.3% | 9.5% | 12.8% | 16.4% | 14.9% | 19.2% | 15.3% | 12.9% | 12.6% | 17.0% |
| Dividends + buybacks / free cash flow | 54.6% | 38.8% | 22.8% | 23.1% | 33.9% | 25.9% | 52.6% | 47.4% | 39.3% | 33.1% |
| Capex / revenue | 1.2% | 1.1% | 1.1% | 1.4% | 1.3% | 1.2% | 1.8% | 1.6% | 1.2% | 1.2% |
| Capex / operating cash flow | 15.3% | 12.5% | 14.7% | 15.1% | 18.1% | 10.2% | 29.4% | 29.2% | 12.4% | 17.3% |
| Capex / depreciation | 0.37 | 0.40 | 0.37 | 0.49 | 0.62 | 0.52 | 0.95 | 0.80 | 0.51 | 0.47 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.8% | 0.7% | 0.9% | 1.2% | 1.1% | 0.9% | 0.8% | 0.8% |
| SG&A / revenue | 26.3% | 25.7% | 26.2% | 27.4% | 27.7% | 27.3% | 26.8% | 27.0% | 28.2% | 27.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 87.2 | 77.9 | 76.5 | 82.0 | 88.7 | 94.3 | 95.7 | 90.2 | 85.9 | 83.3 |
| Days of inventory on hand | — | — | -0.4 | 2.2 | 15.0 | 12.8 | 0.0 | 2.4 | 2.6 | 0.0 |
| Days payables outstanding | 41.8 | 41.9 | 39.0 | 38.8 | 36.7 | 42.4 | 45.4 | 37.8 | 34.4 | 32.9 |
| Cash conversion cycle (days) | 45.4 | 36.0 | 37.0 | 45.4 | 66.9 | 64.7 | 50.2 | 54.8 | 54.1 | 50.4 |
| Receivables turnover | 4.19 | 4.69 | 4.77 | 4.45 | 4.12 | 3.87 | 3.82 | 4.05 | 4.25 | 4.38 |
| Payables turnover | 8.73 | 8.72 | 9.36 | 9.40 | 9.94 | 8.61 | 8.04 | 9.65 | 10.60 | 11.09 |
| Inventory turnover | — | — | — | 163.34 | 24.39 | 28.54 | 953,187,000.00 | 153.25 | 137.92 | 745,137,000.00 |
| Asset turnover | 0.91 | 0.99 | 0.96 | 0.90 | 0.88 | 0.98 | 1.12 | 1.15 | 1.12 | 1.09 |
| Average receivables | $447.4M | $430.9M | $411.3M | $399.7M | $377.3M | $389.5M | $387.5M | $330.6M | $289.2M | $270.6M |
| Average payables | $141.5M | $147.0M | $135.1M | $120.7M | $98.5M | $113.0M | $118.6M | $88.8M | $72.8M | $67.2M |
| Average inventory | — | — | −$1.6M | $6.9M | $40.2M | $34.1M | $1 | $5.6M | $5.6M | $1 |
| Intangibles / total assets | 65.1% | 64.7% | 65.3% | 64.0% | 60.9% | 58.2% | 52.5% | 61.9% | 65.0% | 67.2% |
Computed from ICFI's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ICFI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), ICF International traded at 17.2 times earnings, against a 10-year median of 24.3. Based on the latest twelve months, the trailing P/E is 18.5 and the forward P/E is 10.9. ICF International earned a return on equity of 9.1% and a return on invested capital of 7.8% in fiscal 2025. It ended the year with $571.3 million of debt and $5.3 million in cash and short-term investments, net debt of $566.0 million. It returned $65.6 million to shareholders: $10.4 million in dividends and $55.3 million in share buybacks, 55% of free cash flow. The share count fell 5.1% from 19.4M to 18.4M over 9 years.
See the ICFI income statement, the ICFI chart for price history, or the ICFI stock overview for the latest quote and news.
ICFI key metrics FAQ
What is ICF International's P/E ratio?
ICF International's trailing P/E ratio is 18.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.9. At the end of fiscal 2025 it was 17.2, compared with a 10-year median of 24.3.
What is ICF International's EV/EBITDA?
ICF International's enterprise value was 12.0 times EBITDA at the end of fiscal 2025 (enterprise value $2.1 billion, EBITDA $178.6 million); the current EV/EBITDA is 10.5.
What is ICF International's return on equity?
ICF International's return on equity (ROE) was 9.1% in fiscal 2025: net income of $91.6 million on average shareholders' equity of $1.0 billion.
What is ICF International's ROIC?
ICF International's return on invested capital was 7.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ICF International have?
ICF International had total debt of $571.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.56 and $566.0 million of net debt (3.17 times EBITDA).
What is ICF International's dividend yield?
ICF International's forward dividend yield is 0.63%. ICF International paid $10.4 million in dividends in fiscal 2025 ($0.56 per share), a payout ratio of 11.3%.
Does ICF International buy back its shares?
Yes. ICF International spent $55.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.7% over the year, to 18.4M..
What is ICF International's free cash flow yield?
ICF International generated $120.2 million of free cash flow in fiscal 2025, a free cash flow yield of 7.7% on its market value at year-end ($1.6 billion).
What is ICF International's current ratio?
ICF International's current ratio was 1.27 at the end of fiscal 2025: current assets were 1.27 times current liabilities.