ICF International, Inc. income statement
In fiscal 2025, ICF International, Inc. reported revenue of $1.87bn, down 7.3% on the year before, operating income of $145m (a 7.8% margin) and net income of $91.6m, or $4.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 674 | 765 | 841 | 937 | 949 | 1,050 | 1,132 | 1,185 | 1,229 | 1,338 | 1,479 | 1,507 | 1,553 | 1,780 | 1,963 | 2,020 | 1,873 | 1,821 |
| Cost of revenue | 411 | 476 | 521 | 583 | 592 | 655 | 694 | 745 | 772 | 858 | 953 | 972 | 980 | 1,134 | 1,265 | 1,282 | 1,177 | 1,144 |
| Gross profit | 263 | 289 | 320 | 354 | 358 | 395 | 438 | 440 | 457 | 480 | 525 | 534 | 573 | 646 | 698 | 738 | 696 | 677 |
| Selling, general and administrative | 203 | 219 | 241 | 264 | 272 | 302 | 329 | 328 | 346 | 361 | 396 | 412 | 431 | 487 | 505 | 518 | 492 | 480 |
| Operating income | 39 | 47 | 59 | 66 | 65 | 69 | 75 | 83 | 82 | 92 | 101 | 89 | 111 | 109 | 132 | 166 | 145 | 142 |
| Interest expense | 5 | 3 | 3 | 4 | 2 | 4 | 10 | 9 | 9 | 9 | 11 | 14 | 10 | 24 | 40 | 30 | 31 | 29 |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | −14 | −10 | −23 | −40 | −30 | −31 | −29 |
| Income before tax | 35 | 44 | 57 | 62 | 62 | 64 | 64 | 75 | 74 | 83 | 90 | 75 | 100 | 84 | 97 | 138 | 112 | 112 |
| Income tax | 13 | 17 | 22 | 24 | 23 | 24 | 24 | 28 | 11 | 21 | 21 | 20 | 29 | 20 | 14 | 28 | 20 | 24 |
| Net income | 22 | 27 | 35 | 38 | 39 | 40 | 39 | 47 | 63 | 61 | 69 | 55 | 71 | 64 | 83 | 110 | 92 | 89 |
| Diluted EPS | $1.40 | $1.38 | $1.75 | $1.91 | $1.95 | $2.00 | $2.00 | $2.40 | $3.27 | $3.18 | $3.59 | $2.87 | $3.72 | $3.38 | $4.35 | $5.82 | $4.95 | $4.83 |
| Diluted shares (average) | 16m | 20m | 20m | 20m | 20m | 20m | 20m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 18m |
| EBITDA | 60 | 70 | 79 | 90 | 85 | 93 | 109 | 112 | 111 | 119 | 130 | 123 | 143 | 159 | 193 | 219 | 204 | 197 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 517 | 496 | 488 | 476 | 465 | 444 | 438 | 474 |
| Cost of revenue | 325 | 317 | 303 | 298 | 291 | 285 | 271 | 298 |
| Gross profit | 192 | 179 | 185 | 178 | 175 | 158 | 167 | 177 |
| Selling, general and administrative | 133 | 129 | 132 | 123 | 122 | 115 | 119 | 123 |
| Operating income | 46 | 36 | 38 | 40 | 38 | 29 | 35 | 40 |
| Interest expense | 7 | 7 | 7 | 8 | 8 | 7 | 7 | 7 |
| Net interest income | −7 | −6 | −7 | −8 | −8 | −7 | −7 | −7 |
| Income before tax | 38 | 31 | 30 | 30 | 31 | 21 | 27 | 33 |
| Income tax | 5 | 6 | 3 | 6 | 7 | 4 | 7 | 6 |
| Net income | 33 | 25 | 27 | 24 | 24 | 17 | 21 | 27 |
| Diluted EPS | $1.73 | $1.29 | $1.44 | $1.28 | $1.28 | $0.94 | $1.12 | $1.49 |
| EBITDA | 59 | 50 | 53 | 55 | 53 | 43 | 48 | 53 |
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