Sees Q1 2026 Revenue Around $450M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy ICFI?
Sees Q1 revenue about $450M, consensus $467.41M. "With respect to the cadence of the year, we generally expect sequential improvement in federal revenues from the first quarter through the third quarter of 2026, returning to year-on-year growth by the fourth quarter. Our first-quarter comparisons will be down as we will be comparing against a quarter that included federal government contract work that was cancelled between February and May of last year. For the first quarter of 2026, we expect total revenues of approximately $450 million, GAAP EPS of approximately $1.20, and Non-GAAP EPS of approximately $1.55."
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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.
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- 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.
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- 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.
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