ICF International, Inc. (ICFI)
NASDAQIndustrialsConsulting ServicesSnapshot 2026-09-04
$88.00-2.22%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsConsulting ServicesSnapshot 2026-09-04
Broken: Primary pillar broken — EPS about $7.10 in 2026: FY26 EPS guidance $6.10 vs $7.10 target.
ICF expects revenue near $1.93 billion in 2026. Profit per share should be about $7.10. Free cash flow is guided to $142.5 million. The company pays a steady dividend of $0.14 per share.
ICF has missed earnings several times in 2026. Cash flow was negative in the first quarter. Revenue growth is uncertain and may fall short of targets.
The price is about 32% below our fair value near $114. Analysts expect about 7% revenue growth. Our view aligns with these expectations.
Breaks if: Dividend per share falls below $0.14 quarterly
Continue paying a quarterly cash dividend of $0.14 per share, subject to Board discretion based on earnings and financial conditions.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on returning to revenue and earnings growth. The current thesis state is intact, supported by recent positive financial performance despite some headwinds in the sector.
The market appears to price ICFI as cheap compared to its peers, with a medium level of confidence in its valuation. There is a negative expectations gap, indicating that investors may not fully anticipate the company's potential recovery and growth.
Management is focused on achieving revenue and earnings growth in 2026, with some progress shown in recent quarters. However, the company has faced challenges, including a recent earnings miss, which adds some uncertainty to its near-term performance.
The long-term thesis hinges on the performance of sector bellwethers like EFX, BAH, and FCN, as their results could significantly impact ICFI's momentum. Additionally, any changes in guidance from management could lead to shifts in investor sentiment.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company secured a $35 million energy contract. This contract supports revenue and earnings growth goals for 2026. However, sales were below analyst estimates in Q2. This may hinder revenue growth objectives for the year.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 3 of last 3 quarters. The company consistently declared a quarterly dividend of $0.14 per share in 2025-Q4, 2026-Q1, and 2026-Q2. Dividend payments align with stable earnings and financial conditions, demonstrating delivery on this capital allocation priority.
“Board declared a quarterly dividend of $0.14 per share payable October 9, 2026.”
“Board declared a quarterly cash dividend of $0.14 per share payable July 10, 2026.”
“Board declared a quarterly dividend of $0.14 per share payable April 14, 2026.”
Breaks if: EPS falls below $6.95 in FY26
Breaks if: Free cash flow falls below $135 million in FY26
Generate operating cash flow in the range of $135 million to $150 million for the full year 2026, excluding restricted cash impacts.
Stated as a priority in 3 of last 3 quarters. Management reaffirmed operating cash flow guidance of $135M to $150M for 2026. Cash flows from operations excluding restricted cash increased from $50.4M in 2025-Q2 to $56.7M in 2026-Q2, showing progress but full-year delivery remains to be seen.
“We expect operating cash flow to range from $135 million to $150 million, excluding the impact of restricted cash.”
“We expect operating cash flow to range from $135 million to $150 million.”
“Revised operating cash flow estimate for 2025 to range from $125 million to $150 million.”
Breaks if: Revenue falls below $1.89 billion in FY26
ICF International projects revenue between $1.89 billion and $1.96 billion for fiscal year 2026.
Over the next 1 to 3 years, ICFI's performance will depend on its ability to navigate sector challenges and deliver on growth targets. Not investment advice.