- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
ICF International Inc (ICFI)

- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/05/2025: ICFI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $106.75
1 Year Target Price $106.75
| 2 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -15.19% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.57B USD | Price to earnings Ratio 16.05 | 1Y Target Price 106.75 |
Price to earnings Ratio 16.05 | 1Y Target Price 106.75 | ||
Volume (30-day avg) 5 | Beta 0.43 | 52 Weeks Range 71.91 - 134.47 | Updated Date 12/5/2025 |
52 Weeks Range 71.91 - 134.47 | Updated Date 12/5/2025 | ||
Dividends yield (FY) 0.66% | Basic EPS (TTM) 5.3 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.13% | Operating Margin (TTM) 8.26% |
Management Effectiveness
Return on Assets (TTM) 4.74% | Return on Equity (TTM) 9.88% |
Valuation
Trailing PE 16.05 | Forward PE 12.05 | Enterprise Value 2193835514 | Price to Sales(TTM) 0.81 |
Enterprise Value 2193835514 | Price to Sales(TTM) 0.81 | ||
Enterprise Value to Revenue 1.14 | Enterprise Value to EBITDA 10.51 | Shares Outstanding 18435932 | Shares Floating 18152019 |
Shares Outstanding 18435932 | Shares Floating 18152019 | ||
Percent Insiders 1.53 | Percent Institutions 100.11 |
Upturn AI SWOT
ICF International Inc

Company Overview
History and Background
ICF International, Inc. was founded in 1969 as Inner City Fund, focusing on urban development. It evolved into a global consulting services company providing technology and consulting solutions to government and commercial clients.
Core Business Areas
- Energy, Environment, and Infrastructure: Provides advisory, planning, and implementation services related to energy efficiency, renewable energy, environmental protection, and infrastructure development.
- Health, Education, and Social Programs: Offers consulting services in public health, healthcare delivery, education, and social programs, supporting government agencies and non-profit organizations.
- Disaster Management: Offers consulting, and program management services in response to natural disasters.
- Public Sector Modernization: Helps government agencies to modernize their IT infrastructure, systems and application development.
Leadership and Structure
John Wasson is the CEO and Chairman. The company has a board of directors and operates through various divisions aligned with its core business areas.
Top Products and Market Share
Key Offerings
- Climate Change Consulting: Provides expertise in climate risk assessment, mitigation strategies, and adaptation planning. Market share data is difficult to obtain precisely but it is a very competitive market. Competitors include ERM, AECOM and Ramboll
- IT Modernization Services: Offers IT consulting and implementation services, helping clients modernize legacy systems. Competitors include Accenture, Deloitte, and Booz Allen Hamilton. Market share varies based on specific sectors.
- Public Health Programs: Consulting and implementation services to Public Health programs across the US and abroad. The biggest competitor is Deloitte and Accenture
Market Dynamics
Industry Overview
The consulting industry is growing, driven by demand for specialized expertise in areas such as digital transformation, sustainability, and public sector modernization.
Positioning
ICF International Inc. is positioned as a consulting and technology services provider with a focus on government and commercial clients, leveraging its expertise in specific sectors like energy, environment, health, and public sector modernization.
Total Addressable Market (TAM)
The TAM for ICF International Inc. spans multiple sectors, including consulting, IT services, environmental services, and government services. Estimates are in the hundreds of billions of dollars. ICF is well-positioned with specialization in key verticals.
Upturn SWOT Analysis
Strengths
- Strong expertise in niche markets (e.g., energy, environment)
- Long-standing relationships with government clients
- Diversified service offerings
- Strong ESG Focus
Weaknesses
- Reliance on government contracts can create revenue volatility
- Competition from larger consulting firms
- Relatively smaller scale compared to major players
- Risk of cost overruns
Opportunities
- Growing demand for ESG consulting services
- Increased government spending on infrastructure and modernization
- Expansion into new geographic markets
- Acquisitions of complementary businesses
Threats
- Changes in government regulations and funding priorities
- Increased competition from existing and new players
- Economic downturns affecting client spending
- Project Delays
Competitors and Market Share
Key Competitors
- ACN
- G
- Booz Allen Hamilton (BAH)
- Tetra Tech (TTEK)
Competitive Landscape
ICF competes with large consulting firms and niche players. Its strengths lie in its specialized expertise and government relationships. Challenges include competition for talent and pricing pressure.
Major Acquisitions
ESM
- Year: 2023
- Acquisition Price (USD millions): 85
- Strategic Rationale: Expanded ICF's climate, energy, and transportation capabilities, furthering its net zero strategy.
Growth Trajectory and Initiatives
Historical Growth: ICF International Inc. has experienced steady growth through organic expansion and strategic acquisitions.
Future Projections: Analysts expect continued growth driven by increasing demand for consulting services in key sectors.
Recent Initiatives: Strategic acquisitions, expansion of service offerings, and focus on digital transformation.
Summary
ICF International is a consulting firm specializing in niche areas, particularly government-related projects. It has built a strong reputation and demonstrates consistent growth, although it faces competition from larger firms. Its expertise in areas like energy, environment and disaster management provides a solid foundation for future expansion. However, dependence on government contracts and increasing project delays are potential challenges to consider.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings, Analyst reports, Industry research reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ICF International Inc
Exchange NASDAQ | Headquaters Reston, VA, United States | ||
IPO Launch date 2006-09-28 | Chairman of the Board, President & CEO Mr. John M. Wasson | ||
Sector Industrials | Industry Consulting Services | Full time employees 7998 | Website https://www.icf.com |
Full time employees 7998 | Website https://www.icf.com | ||
ICF International, Inc. provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges. It also identifies, defines, and implements policies, plans, programs, and business tools through a range of standard and customized methodologies for its clients' business context; conducts survey research; collects and analyzes various data to understand critical issues and options for its clients; and provides actionable business intelligence, as well as information and data management solutions that allow integrated and purpose-driven data usage. In addition, the company provides solutions to optimize the customer and citizen experience; cyber security solutions that support the range of cyber security missions and protect IT infrastructures in the face of relentless threats; and modernizes IT systems, as well as designs, develops, and implements technology systems and business tools that are key to its clients' mission or business performance. Further, it informs and engages its clients' constituents, customers, and employees through public relations, branding and marketing, multichannel and strategic communications, and reputation issues management. The company serves energy, environment, infrastructure, and disaster recovery; health and social programs; and security and other civilian and commercial markets. The company was formerly known as ICF Consulting Group Holdings, LLC and changed its name to ICF International, Inc. in 2006. ICF International, Inc. was founded in 1969 and is headquartered in Reston, Virginia.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
Home 

