Sees FY26 Revenue of $1.89B to $1.96B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy ICFI?
Sees FY26 revenue $1.89B-$1.96B, consensus $1.92B. "These expectations anticipate another year of double-digit revenue growth from our non-federal government clients, which we estimate will account for more than 60% of our total 2026 revenues, and a return to year-on-year growth in certain parts of our federal government business. Full-year operating cash flow is estimated to range from $135 million to $150 million."
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Analyst Views on ICFI
Wall Street analysts forecast ICFI stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 83.130
Low
82.00
Averages
99.67
High
115.00
Current: 83.130
Low
82.00
Averages
99.67
High
115.00
About ICFI
ICF International, Inc. is a global consulting and technology services company. The Company provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. Its services include advisory services, program implementation services, analytics services, digital services, and engagement services. Its advisory services include research critical policy, industry, and stakeholder issues, trends, and behavior. The program implementation services identify, defines, and implements policies, plans, programs, and business tools. The analytics services conduct survey research and collect and analyze varieties and large volumes of data to understand critical issues and options for its clients and provide actionable business intelligence. Its digital services design, develop, and implement technology systems and business tools and cybersecurity solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ICF International Declares $0.14 Quarterly Dividend
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- Dividend Yield: The forward yield of this dividend stands at 0.7%, which, while relatively low, still offers appeal to income-seeking investors, reflecting the company's resilience in the current market environment.
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- Quarterly Dividend Announcement: ICF International has declared a quarterly dividend of $0.14 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of this dividend stands at 0.7%, which, while relatively low, still offers appeal to income-seeking investors, reflecting the company's resilience in the current market environment.
- Payment Schedule: The dividend is payable on April 14, with a record date of March 27 and an ex-dividend date also set for March 27, ensuring that shareholders receive timely returns and enhancing their willingness to hold shares.
- Future Growth Target: ICF International aims for over 10% non-federal revenue growth in 2026, particularly through expansion in the commercial energy sector, demonstrating the company's positive outlook and strategic positioning for future market opportunities.
See More
ICF (ICFI) Q4 2025 Earnings Call Transcript
See More
ICF International Q4 2025 Earnings Call Insights
- Revenue Growth Outlook: ICF International projects 2026 revenues between $1.89 billion and $1.96 billion, reflecting approximately 3% growth year-over-year, with non-federal clients expected to account for over 60% of total revenues, indicating strong growth potential in the non-federal market.
- Commercial Energy Performance: Revenues from commercial energy clients grew by 24% in 2025, reaching nearly $550 million in Q4, reinforcing ICF's market leadership with a 35% share in residential energy efficiency, showcasing its competitive strength in the energy sector.
- Financial Resilience: Total revenue for Q4 was $443.7 million, down 10.6% year-over-year, yet the adjusted EBITDA margin remained stable at 10.4%, demonstrating the company's resilience and profitability amid challenging conditions.
- Strong Business Pipeline: ICF's business development pipeline stands at $8.6 billion with a backlog of $3.4 billion, highlighting the company's growth potential and market opportunities, particularly in IT modernization and non-federal client sectors.
See More
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- Earnings Miss: ICF International reported a Q4 non-GAAP EPS of $1.47, missing expectations by $0.02, indicating potential pressure on profitability that may affect investor confidence.
- Revenue Decline: The company generated $444 million in revenue, a 10.5% year-over-year decline, although it beat market expectations by $3.1 million, the ongoing revenue drop could pose challenges to future growth prospects.
- New Contract Wins: ICF secured $300 million in new contracts in Europe, which not only strengthens its market position but also provides new revenue growth opportunities, showcasing the company's capability in international market expansion.
- Market Sentiment: Despite revenue exceeding expectations, the earnings miss may lead to cautious market sentiment regarding ICF International's short-term performance, prompting investors to monitor future performance improvement measures.
See More
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Leadership Change: Scott Strazik took over as head of General Electric’s energy business, GE Vernova, in 2021.
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See More
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- Project Background and Goals: The Diridon Station, a key transit hub in Northern California, will be expanded and redesigned to meet future transit needs, with ICF's environmental services ensuring compliance with state and federal requirements to avoid delays.
- Collaborative Efforts: The project is advanced by a partnership of five agencies, including Caltrain and the City of San Jose, with ICF working alongside California agencies to provide necessary analysis and community engagement, ensuring transparency and accountability in the project.
- Industry Experience and Impact: With over 50 years of experience, ICF has supported hundreds of complex transportation, water, and energy infrastructure projects, leveraging deep industry expertise to help state and local governments navigate regulatory environments and promote sustainable community development.
See More
