ICF International, Inc. (ICFI)

ICF International's stock price has experienced a significant decline over the past six months. As of October 8, 2025, the share price was $92.60, representing a 45.09% decrease from $168.63 on October 9, 2024. The stock has also shown a 24% decline year-to-date as of October 22, 2025, and a 46.76% decrease over the last year, attributed to ongoing declines in the sales pipeline and backlog, coupled with cooling demand. In Q3 2024, total revenue increased by 3.1% year-over-year to $517 million, with net income rising by 37.7% to $32.7 million. In Q4 2024, full-year total revenue was $2.02 billion, a 2.9% increase from the previous year, and net income increased 33% to $110 million. In Q1 2025, revenues declined 1.4% year-over-year to $487.6 million, impacted by federal contract funding curtailments. In Q2 2025, total revenues declined 7% year-over-year to $476.2 million, with revenues from federal government clients declining 25.2% year-over-year.

ICF International experiences typical seasonality that can impact its financial metrics, such as working capital needs in the first quarter, which can lead to an increase in debt. While seasonal signals are generally balanced for October, a statistically strong window for the stock is anticipated around November 15, 2025. Demand for ICF's commercial energy services remains robust and is expected to expand further due to the increasing demand for electricity driven by data center construction.

ICF International, Inc. is a global consulting and technology services provider offering diverse solutions to government and commercial clients. It operates in professional services, technology and communications, and commercial services sectors, providing management, technology, and policy consulting, as well as implementation services. Its core offerings include advisory services, program implementation, analytics, digital solutions, and engagement services. ICF specializes in strategic planning, research, program management, business process management, data analytics, cybersecurity, and marketing strategy and engagement marketing. Key focus areas span government consulting, healthcare, climate and energy, and digital transformation. The company helps clients address complex business, social, technological, natural resource, and public safety issues.

ICF International has an operational presence in 11 countries and serves clients across North America, Europe, and Asia-Pacific. The company's operations extend to the Americas, Africa, Asia-Pacific, and Europe. However, its primary revenue concentration is in the United States, accounting for 88% of total revenue, followed by the United Kingdom at 7%.

ICF International has received positive recognition for its workplace culture and consulting expertise. In 2025, Forbes listed ICF among "America's Best Employers For Company Culture" and "America's Best Employers By State." The company was also recognized as one of the "World's Best Management Consulting Firms" in 2024. There were no specific events identified in the past year that significantly damaged ICF International's brand reputation.

ICF International, Inc. is predominantly owned by institutional shareholders, who hold approximately 94.12% of the stock. Major institutional owners include Wasatch Advisors Inc, BlackRock, Inc., Capital Research Global Investors, Vanguard Group Inc, Dimensional Fund Advisors Lp, Silvercrest Asset Management Group Llc, and State Street Corp. Individual insiders own about 1.39% of the stock, with Sudhakar Kesavan being the largest individual shareholder, owning 468,742 shares, representing 2.54% of the company.