ICF International (NASDAQ:ICFI) Releases Earnings Results, Misses Expectations By $0.06 EPS

ICF International (NASDAQ:ICFI) announced its quarterly earnings data on Thursday. The business services provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.06), FiscalAI reports. The business had revenue of $443.67 million for the quarter, compared to analyst estimates of $440.90 million. ICF International had a return on equity of 13.40% and a net margin of 5.13%.The company’s revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 EPS. ICF International updated its Q1 2026 guidance to 1.550-1.55 EPS and its FY 2026 guidance to 6.950-7.250 EPS.

Here are the key takeaways from ICF International’s conference call:

• ICF is guiding a return to growth in 2026 with revenues $1.89B–$1.96B (≈3% midpoint) and non‑GAAP EPS $6.95–$7.25, and Q1 revenue guidance of about $450M.
• Management expects non‑federal clients to drive the year — non‑federal revenues grew 14% in 2025 and are projected to exceed 60% of 2026 revenues, led by commercial energy which reached nearly $550M and grew ~24% in 2025.
• The federal business remains the principal near‑term headwind after a ~25% revenue decline in 2025; ICF expects a high‑single‑digit federal revenue decline in 2026 but forecasted sequential improvement with a return to YoY growth by Q4, supported by a firm backlog of $3.4B and an $8.6B pipeline.
• Profitability and balance‑sheet actions are supportive — full‑year adjusted EBITDA margin held near 11.1%, operating cash flow was ~$142M, debt fell to $401M (adjusted leverage ~1.98x), management repurchased ~564,000 shares, declared a $0.14 quarterly dividend, and expects modest margin upside (10–20 bps) from AI efficiencies.

ICF International Price Performance

Shares of ICFI stock traded up $4.56 during trading hours on Thursday, hitting $79.72. The company’s stock had a trading volume of 312,991 shares, compared to its average volume of 145,515. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $87.46 and a 200-day moving average of $88.80. ICF International has a twelve month low of $72.03 and a twelve month high of $102.05. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 15.04 and a beta of 0.43.

Key ICF International News

Here are the key news stories impacting ICF International this week:

• Positive Sentiment: Company-issued FY‑2026 guidance implies a return to growth with EPS guidance of $6.95–$7.25 and revenue guidance roughly $1.9–$2.0B, roughly in line with Street expectations — management framed 2026 as a recovery year. ICF Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Q1‑2026 revenue guidance of ~$450M was provided and is above the Street’s Q1 revenue consensus, giving near‑term top‑line visibility. ICF Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Large contract awards, a book‑to‑bill of ~0.95 for the quarter and $2.2B of awards for the year, plus solid operating cash flow ($142M FY‑2025), support revenue visibility and cash generation. ICFI Releases Q4 2025 Earnings: Revenue Declines and EPS Miss
• Positive Sentiment: Board declared a quarterly dividend and there were recent insider purchases and notable institutional additions reported — signals of shareholder‑friendly actions and investor interest. ICF International Declares Quarterly Dividend Amid Strategic Shift
• Neutral Sentiment: Wall Street sentiment and price targets remain mixed but constructive (median target ~ $102); analysts are watching 2026 execution. ICFI Releases Q4 2025 Earnings: Revenue Declines and EPS Miss
• Negative Sentiment: Q4 results showed a miss on EPS ($1.47 vs. ~$1.53 consensus) and operating metrics weakened: YoY revenue and gross profit declined and operating profit fell sharply — signs of near‑term margin pressure. ICF International (ICFI) Misses Q4 Earnings and Revenue Estimates
• Negative Sentiment: Key profitability metrics and GAAP EPS were down Y/Y (net income and diluted EPS declined), and some estimates were missed on a GAAP and non‑GAAP basis — risk if 2026 execution slips. ICFI Releases Q4 2025 Earnings: Revenue Declines and EPS Miss

Hedge Funds Weigh In On ICF International

Several hedge funds have recently bought and sold shares of the stock. Jump Financial LLC raised its holdings in shares of ICF International by 195.3% in the fourth quarter. Jump Financial LLC now owns 6,756 shares of the business services provider’s stock worth $576,000 after acquiring an additional 4,468 shares during the last quarter. Russell Investments Group Ltd. increased its position in ICF International by 62.2% during the 4th quarter. Russell Investments Group Ltd. now owns 21,132 shares of the business services provider’s stock worth $1,803,000 after purchasing an additional 8,104 shares in the last quarter. Third Avenue Management LLC increased its position in ICF International by 12.4% during the 4th quarter. Third Avenue Management LLC now owns 52,864 shares of the business services provider’s stock worth $4,509,000 after purchasing an additional 5,840 shares in the last quarter. Geode Capital Management LLC raised its stake in ICF International by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 458,175 shares of the business services provider’s stock valued at $39,089,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in ICF International by 5,229.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,214 shares of the business services provider’s stock valued at $1,597,000 after purchasing an additional 16,891 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ICF International in a research note on Monday, December 29th. Barrington Research decreased their price objective on shares of ICF International from $107.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Canaccord Genuity Group assumed coverage on shares of ICF International in a report on Tuesday, December 2nd. They issued a “buy” rating and a $115.00 target price for the company. Finally, Truist Financial boosted their price target on ICF International from $82.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.33.

ICF International Company Profile

ICF International (NASDAQ: ICFI), commonly known as ICF, is a global consulting and digital services provider specializing in the intersection of strategy, technology, and policy. The firm delivers integrated services and solutions to government and commercial clients in areas such as energy and environment, health and social programs, transportation, infrastructure, technology, and marketing and communications. ICF’s offerings span strategic planning, data analytics, program evaluation, digital transformation, and implementation support.

Founded in 1969 and headquartered in Reston, Virginia, ICF has grown through both organic expansion and targeted acquisitions to broaden its capabilities and geographic reach.