Earnings summaries and quarterly performance for ICF International.
Executive leadership at ICF International.
John Wasson
Detailed
Chair, President and Chief Executive Officer
CEO
AC
Anne Choate
Detailed
President
BB
Barry Broadus
Detailed
Executive Vice President and Chief Financial Officer
JM
James Morgan
Detailed
Chief Operating and Financial Officer
RC
Ranjit Chadha
Detailed
Vice President and Corporate Controller, Principal Accounting Officer
SO
Sergio Ostria
Detailed
Executive Vice President – Growth, Marketing & Innovation
Board of directors at ICF International.
Research analysts who have asked questions during ICF International earnings calls.
Marc Riddick
Sidoti & Company, LLC
6 questions for ICFI
Also covers: ABM, BBSI, BEEP +14 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
5 questions for ICFI
Also covers: ADV, ALIT, ASGN +20 more
KS
Kevin Steinke
Barrington Research
5 questions for ICFI
Also covers: ACCO, BEEP, CCRN +9 more
Tobey Sommer
Truist Securities, Inc.
4 questions for ICFI
Also covers: AMN, AMTM, ASGN +26 more
Henry Roberts
Truist Securities
2 questions for ICFI
Also covers: AMTX, BE, BLDP +6 more
Samuel Kusswurm
William Blair
2 questions for ICFI
Also covers: AMRC, NVEE
TM
Tim Mulrooney
William Blair
2 questions for ICFI
Also covers: ABM, APG, BV +9 more
Sam Kusswurm
William Blair & Company
1 question for ICFI
Also covers: BCO, EME, MEG
TM
Timothy Mulrooney
William Blair & Company
1 question for ICFI
Also covers: ABM, APG, BBCP +13 more
Recent press releases and 8-K filings for ICFI.
ICF International Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
ICFI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- ICF International reported Q4 2025 revenue of $443.7 million and full-year 2025 revenue of $1.87 billion, with non-federal business growing 14.2% and offsetting a 25.7% decline in federal revenues.
- The company ended 2025 with a book-to-bill ratio of 1.19, a firm backlog of $3.4 billion, and a business development pipeline of $8.6 billion.
- For 2026, ICF International guides for revenue between $1.89 billion and $1.96 billion (3% growth at midpoint) and non-GAAP EPS between $6.95 and $7.25 (5% growth at midpoint).
- The company anticipates double-digit growth from non-federal clients, bringing their share to over 60% of total 2026 revenues, with commercial energy revenues growing 24% in 2025 and expected to see another year of double-digit growth in 2026.
- Federal revenues are expected to decline at a high single-digit rate in 2026, with year-over-year growth returning by the fourth quarter of 2026.
1 day ago
ICF International Announces Q4 and Full Year 2025 Results and 2026 Guidance
ICFI
Earnings
Guidance Update
Share Buyback
- ICF International reported Q4 2025 revenue of $443.7 million and full-year 2025 revenue of $1.87 billion, with non-GAAP EPS of $1.47 for Q4 and $6.77 for the full year.
- The company provided 2026 revenue guidance of $1.89 billion-$1.96 billion, representing 3% growth at the midpoint, and non-GAAP EPS guidance of $6.95-$7.25, or 5% growth at the midpoint.
- The non-federal business increased 16% year-over-year in Q4 2025, accounting for approximately 62% of total revenues, and is expected to exceed 60% of total revenues in 2026 with double-digit growth. Commercial energy revenue grew approximately 24% in 2025 and is projected for at least 10% organic growth in 2026.
- Federal revenue declined 35.1% in Q4 2025 and 25.7% for the full year, with a projected high single-digit decline in 2026 before returning to year-over-year growth by Q4 2026.
- ICF repurchased approximately 564,000 shares of common stock in 2025, including 220,000 in Q4, and reduced total debt to $401.4 million by year-end 2025, achieving an adjusted leverage ratio of 1.98 times.
1 day ago
ICF International Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
ICFI
Earnings
Guidance Update
Share Buyback
CFO Change
- ICF International reported Q4 2025 revenue of $443.7 million and full-year 2025 revenue of $1.87 billion, a 7.3% dip from 2024, with Adjusted EBITDA margins maintained at 11.1% for the full year. Non-GAAP EPS for Q4 2025 was $1.47 and for the full year was $6.77.
- The company anticipates a return to revenue and EPS growth in 2026, with revenues expected to range from $1.89 billion to $1.96 billion (3% growth at midpoint) and non-GAAP EPS from $6.95 to $7.25 (5% growth at midpoint).
- Non-federal client revenues increased 14% in 2025, accounting for 57% of full-year revenues, led by 24% growth in commercial energy clients. This segment is expected to achieve double-digit revenue growth again in 2026, accounting for over 60% of total revenues. Conversely, federal revenues declined 25% in 2025.
- ICF ended 2025 with a book-to-bill ratio of 1.19x, a firm backlog of $3.4 billion, and a business development pipeline of $8.6 billion. The company repurchased approximately 564,000 shares of common stock in 2025, including 220,000 in Q4.
- CFO Barry Broadus announced his retirement after four years.
1 day ago
ICF Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
ICFI
Earnings
Guidance Update
Dividends
- ICF reported Q4 2025 revenue of $444 million and full-year 2025 revenue of $1.9 billion. Full-year revenue was down 7.3% from $2.02 billion in 2024.
- Full-year 2025 Non-GAAP EPS was $6.77, and Adjusted EBITDA was $207 million, representing 11.1% of total revenues. This compares to $7.45 Non-GAAP EPS and 11.2% Adjusted EBITDA margin in 2024.
- For 2026, ICF expects revenues to range from $1.89 billion to $1.96 billion and Non-GAAP EPS to range from $6.95 to $7.25. The company also anticipates Q1 2026 total revenues of approximately $450 million and Non-GAAP EPS of approximately $1.55.
- The Board of Directors declared a quarterly cash dividend of $0.14 per share, payable on April 14, 2026. Additionally, ICF repurchased approximately 564,000 shares of common stock in 2025.
- Full-year 2025 contract awards were $2.2 billion, resulting in a book-to-bill ratio of 1.19, and total backlog stood at $3.4 billion at the end of Q4 2025.
1 day ago
ICF Reports Fourth Quarter and Full Year 2025 Results
ICFI
Earnings
Guidance Update
Share Buyback
- ICF reported Q4 2025 revenue of $444 million and full-year 2025 revenue of $1.9 billion, with GAAP EPS of $0.94 (Q4) and $4.95 (full-year), and Non-GAAP EPS of $1.47 (Q4) and $6.77 (full-year).
- The company provided 2026 guidance, projecting revenue between $1.89 billion and $1.96 billion (3% growth at midpoint) and Non-GAAP EPS between $6.95 and $7.25 (5% growth at midpoint), anticipating a return to growth.
- Commercial energy client revenues showed strong growth, increasing 23% in Q4 and 24% for the full year 2025, contributing to a full-year Adjusted EBITDA margin of 11.1%.
- ICF repurchased approximately 564,000 shares in 2025 and declared a quarterly cash dividend of $0.14 per share.
1 day ago
ICF Awarded Florida Comprehensive Management Services Contract
ICFI
New Projects/Investments
- ICF (NASDAQ: ICFI) has been selected by the Florida Department of Management Services (DMS) as an awardee for an expanded, three-year comprehensive management services contract.
- Under this contract, ICF is eligible to provide a wide range of services to statewide programs, including disaster management, environmental support, workforce development, and technology modernization.
- The agreement aims to strengthen operations, deliver critical public services, and build long-term infrastructure resilience across Florida communities.
4 days ago
ICF Awarded Expanded Energy Efficiency Contract by Southern California Edison
ICFI
New Projects/Investments
- ICF (NASDAQ: ICFI) was awarded a multi-million dollar contract amendment by Southern California Edison (SCE).
- This amendment more than triples ICF's involvement as the implementer of SCE's Agricultural Energy Efficiency Program (AgEE Program).
- ICF will expand energy efficiency support for SCE agricultural customers, helping them lower energy costs and improve operational efficiencies through rebates and advanced analytical tools.
Feb 19, 2026, 9:05 PM
ICF Secures New European Contracts
ICFI
New Projects/Investments
Revenue Acceleration/Inflection
- ICF (NASDAQ: ICFI) secured two new contracts with European institutions in the third and fourth quarters of 2025.
- These contracts have a combined ceiling value of nearly $300 million USD with a period of performance of up to five years.
- The company will design and deliver large-scale public communication campaigns across all 27 European Union Member States.
- ICF plans to leverage its extensive European network and AI-enabled technology to implement and optimize these campaigns.
Jan 13, 2026, 9:05 PM
ICF Selected for Maryland Digital Modernization Contract
ICFI
New Projects/Investments
- ICF has been chosen as one of eight prime awardees for the state of Maryland's $300 million ceiling digital experience contract.
- The contract has a nine-year term, comprising a five-year base and two two-year options.
- ICF will utilize agile methodologies, human-centered design, enterprise architecture, and digital product management to enhance citizen interaction with government services across Maryland's digital platforms.
Dec 15, 2025, 9:05 PM
ICF International Discusses 2025 Performance and 2026 Outlook at Sidoti Conference
ICFI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- ICF International projects its non-federal client revenues, which comprised 55% of year-to-date 2025 revenues, to grow at a mid-teens rate for 2025 and further increase to north of 60% in 2026, primarily driven by growth in energy and international business.
- The company faced a $125 million impact in 2025 from federal actions and an $8 million per month impact from the government shutdown, though federal IT modernization is anticipated to return to low single-digit growth in 2026.
- Key growth drivers include rapid load growth demand from data center construction, electrification efforts, and grid modernization in the commercial energy sector, alongside significant disaster recovery work supporting over 90 programs in more than 20 states and territories.
- ICF aims to maintain its Adjusted EBITDA margin similar to 2024's 11.2% while investing in growth areas such as energy efficiency and AI, and its capital allocation priorities include quarterly dividends, share repurchases, debt reduction, and M&A focused on energy and disaster recovery.
Dec 10, 2025, 2:15 PM
Quarterly earnings call transcripts for ICF International.
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