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ICF International ICFI
$ 83.68 0.12%
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Quarterly report 2026-Q2
added 08-06-2026

ICF International Financial Ratios 2025-2008 | ICFI

Brief overview of ICF International's market valuation

Ratios are assessed across five available annual reports in the 2021–2025 interval.

Key multiples at the end of the period are P/E 16.41x (median 23.51x), EV/EBITDA 12.41x (median 18.88x), P/S 0.81x (median 1.08x). The current ratio basket stands about 29.4% below the five-year comparison base. Earnings and risk trends should explain the discount.

The inverse P/E implies an earnings yield of 6.1%. This is not a dividend yield, but current earnings relative to market price.

Returns on assets and capital are represented by ROE 8.9%, ROA 4.5%, ROCE 14.1%. Efficiency ratios are restrained, with capital and assets producing modest returns.

Price, earnings and growth produce a PEG of 1.42x, a neutral level if forecasts are realistic.

The time from paying for inputs to receiving cash fell from 17.4 days to 4.3 days. Cash turnover improved.

Valuation takeaway

ICF International's valuation is lower, but weak quality metrics call for caution. Recovery in earnings and capital returns is the key catalyst.

Annual Financial Ratios ICF International

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

P/E

16.4 13.4 34.8 31.7 23.5 28.5 24.4 20.0 15.9 21.2 16.8 18.3 17.2 11.8 15.9 15.8 18.4 -

P/S

0.8 0.7 1.5 1.1 1.1 1.0 1.1 0.9 0.8 0.8 0.6 0.7 0.7 0.5 0.7 0.6 0.6 -

EPS

5.0 5.9 4.4 3.4 3.8 2.9 3.7 3.3 3.4 2.5 2.0 2.0 2.0 1.9 1.8 1.4 1.4 -

EV (Enterprise Value)

2.53 B 2.55 B 3.97 B 3.26 B 2.71 B 2.47 B 2.36 B 1.77 B 1.48 B 1.5 B 1.21 B 1.33 B 895 M 716 M 853 M 645 M 409 M -1.54 M

EBITDA per Share

11.1 11.7 10.3 8.43 7.57 6.52 6.89 6.36 5.91 5.89 5.62 4.75 4.32 4.58 4.02 3.61 3.86 -

EV/EBITDA

12.4 11.6 20.6 20.5 18.9 14.2 14.2 11.8 10.8 11.1 8.9 11.5 8.3 6.0 8.8 9.2 6.9 -

PEG

1.42 1.16 3.32 4.18 4.36 9.05 2.04 -8.37 0.43 1.05 4.71 7.28 6.68 1.23 0.6 - - -

P/B

1.5 1.5 3.1 2.4 2.1 2.1 2.4 1.9 1.6 1.7 1.3 1.5 1.4 1.0 1.4 1.2 - -

P/CF

10.6 8.6 18.9 12.5 15.2 9.0 26.0 23.2 9.7 15.0 10.4 11.1 10.1 6.1 11.3 6.3 8.5 -

ROE %

8.95 11.20 9.05 7.50 8.85 7.36 9.65 9.30 10.21 8.23 7.52 7.99 8.30 8.88 8.87 7.70 7.04 -

ROA %

4.49 5.32 4.13 3.06 3.85 3.30 4.93 5.06 5.66 4.29 3.63 3.61 5.61 5.36 5.02 4.74 - -

ROCE %

14.14 16.88 14.42 12.75 13.81 11.93 9.57 9.86 9.30 9.31 8.46 7.65 11.75 11.66 10.51 13.30 12.31 -

Current Ratio

2.0 1.9 1.8 1.7 1.8 1.8 1.3 1.4 1.5 1.5 1.4 1.4 1.5 1.6 1.7 2.6 - -

DSO

48.2 41.8 40.7 48.2 54.1 58.6 101.4 99.3 88.2 86.7 83.8 92.4 80.6 84.2 91.4 42.2 - -

DPO

43.9 41.9 39.0 38.8 36.7 42.4 51.5 43.7 35.5 34.6 33.5 36.6 28.1 28.0 27.1 11.4 - -

Operating Cycle

48.2 41.8 40.7 48.2 54.1 58.6 101.4 99.3 88.2 86.7 83.8 92.4 80.6 84.2 91.4 42.2 - -

Cash Conversion Cycle

4.3 -0.1 1.7 9.3 17.4 16.2 49.9 55.7 52.7 52.1 50.3 55.8 52.5 56.2 64.3 30.8 - -

All numbers in USD currency

Quarterly Financial Ratios ICF International

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

1.5 1.12 1.29 1.29 1.45 - 1.74 1.37 1.46 - 1.26 1.08 0.87 - 1.01 0.98 0.95 - 1.08 1.08 0.97 0.68 0.95 0.73 0.56 1.03 1.04 0.78 0.81 0.99 0.88 0.72 0.67 1.45 0.73 0.64 0.54 0.67 0.71 0.56 0.52 0.56 0.6 0.47 0.41 0.45 0.59 0.51 0.49 0.39 0.56 0.52 0.52 0.47 0.49 0.52 0.45 0.45 0.47 0.46 0.39

EBITDA per Share

3.69 2.63 4.45 2.97 2.87 - 2.71 2.97 2.92 - 2.01 2.07 2.5 - 1.78 1.85 2.01 - 2.97 1.95 1.93 1.15 2.84 2.09 1.29 1.5 2.67 1.97 1.53 1.56 2.33 1.81 1.3 1.08 2.41 1.94 1.26 1.16 K 2.39 K 1.77 K 1.31 K 1 2.4 1.8 1.24 0.86 1.77 1.41 1.09 0.64 1.65 1.4 1.17 0.75 1.76 1.5 1.09 0.7 1.59 1.31 0.95

ROE %

9.24 9.45 10.80 11.20 11.82 9.04 11.70 10.68 9.90 6.92 9.20 8.79 8.69 6.75 9.33 9.68 9.88 7.65 9.37 9.18 8.38 7.36 8.35 8.71 8.92 9.65 9.77 9.54 9.56 9.30 10.86 10.56 10.43 10.21 8.05 8.20 8.13 8.23 8.05 7.88 7.76 7.52 7.22 7.32 7.56 7.99 7.88 7.92 8.10 8.30 8.81 8.70 8.93 8.88 8.98 9.12 8.99 8.87 2.37 2.28 1.97

ROA %

4.55 4.56 5.17 5.32 5.54 4.24 5.40 4.75 4.26 2.91 3.79 3.60 3.91 3.12 4.36 3.48 4.60 3.64 4.41 4.21 3.79 3.30 3.92 4.25 4.48 4.94 5.09 5.06 5.13 5.06 5.96 5.82 5.77 5.66 4.39 4.40 4.30 4.29 4.12 3.95 3.82 3.64 3.44 3.41 3.46 3.61 3.92 4.47 5.04 5.61 5.80 5.56 5.55 5.36 5.34 5.33 5.17 5.02 1.34 1.29 1.11

ROCE %

14.93 15.09 16.43 17.17 17.64 13.68 17.25 16.21 15.43 10.96 14.33 14.39 14.17 10.45 14.53 15.31 15.42 11.97 14.88 14.58 13.49 11.93 12.98 13.21 13.31 14.19 14.69 14.34 14.37 13.97 12.79 12.92 13.34 13.38 13.98 14.39 14.20 14.63 14.39 14.29 14.45 14.38 14.06 13.65 13.58 13.85 13.19 13.11 13.25 13.64 14.38 14.73 15.34 15.44 15.58 15.72 15.41 15.01 4.10 3.95 3.42

Current Ratio

2.0 2.0 1.9 1.9 1.9 1.9 1.9 1.9 1.8 1.8 1.8 1.7 1.7 1.7 1.6 - 1.8 1.8 2.0 1.9 1.9 1.8 1.8 1.8 1.8 2.0 2.0 2.0 2.0 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.1 2.1 2.1 2.1 1.9 1.9 1.9 1.9 1.8 1.8 1.8 1.8 3.1 3.1 3.1 3.1 2.5 2.5 2.5 2.5 2.3 2.3 2.3 2.3

DSO

46.1 49.3 43.7 43.0 46.1 - 37.2 36.7 37.6 - 40.1 40.8 42.8 - 27.5 22.2 48.9 - 53.0 53.1 52.7 46.8 56.4 57.5 61.6 60.1 63.7 65.0 65.8 55.8 63.3 65.0 60.2 47.8 50.3 50.1 69.2 88.7 83.8 84.1 86.6 83.5 81.2 81.2 86.3 85.9 89.7 90.0 86.6 81.4 76.7 77.5 80.0 80.6 78.6 78.0 83.0 89.3 87.4 89.5 -

DPO

27.1 39.2 41.3 37.6 42.5 - 32.5 31.9 37.3 - 33.4 31.3 35.9 - 19.1 16.2 35.6 - 34.4 34.4 35.8 - 37.3 37.3 44.7 - 51.6 52.2 50.1 - 43.9 45.3 42.9 - 36.1 35.9 36.2 - 33.7 33.2 34.6 - 32.7 32.6 35.9 - 36.1 36.0 33.0 - 27.0 27.4 28.8 - 27.5 27.6 27.1 - 25.7 26.4 -

Operating Cycle

- - - 43.0 46.1 - 37.2 36.7 37.6 - 40.1 40.8 42.8 - 27.5 22.2 48.9 - 53.0 53.1 52.7 46.8 56.4 57.5 61.6 60.1 63.7 65.0 65.8 55.8 63.3 65.0 60.2 47.8 50.3 50.1 69.2 88.7 83.8 84.1 86.6 83.5 81.2 81.2 86.3 85.9 89.7 90.0 86.6 81.4 76.7 77.5 80.0 80.6 78.6 78.0 83.0 89.3 87.4 89.5 -

Cash Conversion Cycle

- - - 5.4 3.7 - 4.7 4.8 0.3 - 6.8 9.5 7.0 - 8.4 6.0 13.3 - 18.6 18.7 16.9 46.8 19.1 20.1 16.9 60.1 12.2 12.8 15.7 55.8 19.4 19.7 17.2 47.8 14.2 14.2 33.0 88.7 50.1 50.9 52.0 83.5 48.5 48.5 50.4 85.9 53.5 54.0 53.6 81.4 49.7 50.0 51.1 80.6 51.1 50.5 55.9 89.3 61.7 63.1 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company ICF International, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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