ICF
Delivers consulting, technology, and implementation support for government and commercial energy clients.
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Profile
Provides advisory, program implementation, analytics, digital, and engagement services for government agencies and commercial clients. Revenue is concentrated in government work, with energy, environment, infrastructure, disaster recovery, health, social programs, and civilian-security work shaping demand.
Advisory Services, Program Implementation, Analytics Services, Digital Services, and Engagement Services form the operating palette. Work spans energy, environment, infrastructure, disaster recovery, health, social programs, security, civilian agency missions, and commercial client needs.
Delivery is concentrated in the United States, with U.S. federal, state and local, international government, and commercial customers. Most contracts are prime relationships, so the company often works directly for the end customer rather than only as a subcontractor.
Execution depends on policy expertise, data analysis, technology modernization, and program operations. Government funding cycles, federal contract timing, shutdowns, client procurement pace, and the shift toward commercial energy services shape the business mix.
Company facts
Key statistics
Year to date +5.7% · Average volume (30d) 205.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Barrington | Target | $121 | $110 | ||
| Jan 14, 2026 | Truist Financial | Target | $155 | $90 | ||
| Dec 2, 2025 | Canaccord Genuity | Upgrade | Hold | Buy | $100 | $115 |
| Feb 28, 2025 | Canaccord Genuity | Downgrade | Buy | Hold | $100 | |
| Nov 19, 2024 | Sidoti & Co. | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.65 | $1.86 | +12.7% | $478.3M | $474.5M | −0.8% | +11.36% |
| May 7, 2026Q1 FY26 | $1.55 | $1.50 | −3.2% | $448.6M | $437.5M | −2.5% | −6.56% |
| Feb 26, 2026Q4 FY25 | $1.53 | $1.47 | −3.9% | $440.9M | $443.7M | +0.6% | +4.28% |
| Oct 30, 2025Q3 FY25 | $1.75 | $1.67 | −4.6% | $440.9M | $465.4M | +5.6% | −6.06% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $487.6M | $476.2M | $465.4M | $443.7M | $437.5M | $474.5M | |
| Gross profit | $185.1M | $177.7M | $174.9M | $143.9M | $153.7M | $176.6M | |
| Operating income | $38.4M | $40.0M | $38.4M | $31.6M | $36.5M | $39.9M | |
| Net income | $26.9M | $23.7M | $23.8M | $17.3M | $20.5M | $26.9M | |
| Diluted EPS | $1.44 | $1.28 | $1.28 | $0.94 | $1.12 | $1.49 | |
| Gross margin | 38.0% | 37.3% | 37.6% | 32.4% | 35.1% | 37.2% | |
| Operating margin | 7.9% | 8.4% | 8.3% | 7.1% | 8.3% | 8.4% |
Fiscal years (4-quarter sums)FY21 $1.55B · FY22 $1.78B · FY23 $1.96B · FY24 $2.02B · FY25 $1.87B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $4.6M · Total debt $564.8M · Total assets $2.10B · Shareholders' equity $1.05B
Dividends
Raised for 7 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jul 10 | $0.14 | |
| Mar 27, 2026 | Mar 27 | Apr 14 | $0.14 | |
| Dec 5, 2025 | Dec 5 | Jan 9 | $0.14 | |
| Sep 5, 2025 | Sep 5 | Oct 10 | $0.14 | |
| Jun 6, 2025 | Jun 6 | Jul 11 | $0.14 | |
| Mar 28, 2025 | Mar 28 | Apr 14 | $0.14 | |
| Dec 6, 2024 | Dec 6 | Jan 10 | $0.14 | |
| Sep 6, 2024 | Sep 6 | Oct 11 | $0.14 |
Ownership
Shares outstanding 18.10M · Float 17.77M · 98.2% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.82M | 10.03% | 13F | Aug 7, 2026 |
| AllianceBernstein L.P. | 1.42M | 7.80% | 13G | Aug 14, 2026 |
| FMR LLC | 1.16M | 6.39% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.01M | 5.55% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 805.1K | 4.45% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Sergio J. Ostria | officer: Executive Vice President | −2,000 | $88.59 |
| Jul 13, 2026 | John Wasson | director, officer: CEO & President | −12,411 | $80.08 |
| May 15, 2026 | Michael J. van Handel | director | +8,000 | $61.39 |
| Mar 6, 2026 | Randall Mehl | director | +1,100 | $74.30 |
| Nov 14, 2025 | Randall Mehl | director | +500 | $78.14 |
Peers
- Booz Allen Hamilton
Federal consulting and technology peer in civil and security missions
- Leidos
Large government-tech peer in health, civil, and digital missions
- AECOM
Infrastructure consulting peer in disaster, water, and energy work
- Tetra Tech
Water, environment, and sustainable infrastructure specialist
- Science Applications International
Federal IT integrator across defense, intelligence, and civilian work
- CACI
National-security technology peer with federal civilian IT overlap
- Accenture
Global consulting and managed-services peer in public-sector digital
- General Dynamics
GDIT-backed federal IT and mission-systems competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ICF | $90.22 | +0.03% | $1.63B | 18.7 | 12.1 | 0.9 | −0.4% |
| Booz Allen Hamilton | $75.24 | −0.05% | $9.05B | 11.8 | 12.0 | 0.8 | −4.2% |
| Leidos | $141.00 | +0.31% | $17.69B | 13.1 | 11.6 | 1.0 | +7.2% |
| AECOM | $69.38 | +0.29% | $8.89B | 31.7 | 11.2 | 0.6 | −61.5% |
| Tetra Tech | $36.54 | 0.00% | $9.48B | 22.0 | 21.6 | 1.9 | −19.0% |
| Science Applications International | $127.50 | +1.24% | $5.33B | 14.2 | 13.0 | 0.7 | +1.6% |
| CACI | $623.04 | −0.96% | $13.88B | 26.0 | 19.1 | 1.5 | +17.6% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| General Dynamics | $376.45 | −0.75% | $102.63B | 23.1 | 21.7 | 1.9 | +8.1% |
| Median | 18.6 | 13.1 | 1.2 | +3.6% |