Clarivate vs ICF International
Clarivate is the larger business, with $2.46bn of revenue in fiscal 2025 against $1.87bn for ICF International (1.3 times as much). Clarivate grew faster (-4.0% against -7.3%). ICF International kept more of each dollar of sales as profit: a net margin of 4.9% against -8.2%.
| Latest fiscal year | ClarivateCLVT, 2025 | ICF InternationalICFI, 2025 |
|---|---|---|
| Revenue | $2.46bn | $1.87bn |
| Revenue growth | -4.0% | -7.3% |
| Net income | −$201m | $91.6m |
| Operating margin | 2.9% | — |
| Net margin | -8.2% | 4.9% |
| Return on equity | -4.0% | 9.1% |
| Free cash flow | $365m | $120m |
| Cash | $329m | $5.3m |
| Total debt | $4.47bn | $403m |
| Debt to equity | 92.3% | — |
| Dividend per share | — | $0.56 |
| Dividend yield | 0.0% | 0.6% |
| Share buybacks | $225m | $55.3m |
| Employees | 12,000 | 8,400 |
| Market value | $1.31bn | $1.75bn |
| Price vs our value range | — | Within our value range |
| Moat score | 49 (Moderate) | 51 (Moderate) |
| Insider trades, 12 months | 4 buys, 4 sales | 6 buys, 4 sales |