ICF International (ICFI)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $1.8B, ICF International's free cash flow of $120M (fiscal 2025) would need to grow about 1% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from ICF International's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from ICFI's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from ICF International's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $2.0B | $2.0B | $1.9B |
| Net income | $71M | $64M | $83M | $110M | $92M |
| Free cash flow | $90M | $138M | $130M | $150M | $120M |
| EPS (diluted) | $3.72 | $3.38 | $4.35 | $5.82 | $4.95 |
| Operating margin | 7.1% | 6.1% | 6.7% | 8.2% | 7.8% |
Where the revenue comes from
Revenue by segments, fiscal 2025. Every breakdown, year by year.
Superinvestors who own ICFI
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $41M | 0.01% | Q2 2026 |
| Marty Whitman Third Avenue Management LLC |
Added | $7M | 1.2% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Added | $6M | 0.00% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $672,862 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by ICF International's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 6, 2026 | Randall Mehl |
1,100 | $74.30 | $81,730 |
| Nov 17, 2025 | Randall Mehl |
500 | $77.00 | $38,500 |
| Nov 14, 2025 | Randall Mehl |
500 | $78.14 | $39,070 |
Get an alert at your buy price
Pick the price you'd be interested at. We'll email you when ICFI trades at or below it.
New accounts get 7 days of Pro, price alerts included. No card needed.
In the full deep dive
Questions
What growth does ICF International's stock price imply?
At a market value of $1.8B, ICF International would need its free cash flow to grow about 1% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 7% a year.
Are ICF International insiders buying the stock?
3 open-market insider purchases of ICFI in the last 12 months, from SEC Form 4 filings.
Which superinvestors own ICF International?
4 of the superinvestors Investingly tracks hold ICFI in their latest 13F, including Cliff Asness, Marty Whitman, Hersh Cohen.
Companies like ICF International
All Industrials stocks · Consulting Services stocks · Stock lists
Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.