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ICF International ICFI Commercial — Revenue

Other segment segments

US Federal Government
$184.91M-9.5%
US State And Local Government
$84.05M-1.9%
International Government
$39.52M+35.1%

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Other financials

Income statement

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Revenue$474.5M-0.3%
Gross profit$176.6M-0.6%
Operating income$39.9M-0.3%
Net income$26.9M+13.9%
EPS (diluted)$1.49+16.4%

Balance sheet

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Cash & equivalents$4.6M-33.8%
Total debt$564.8M-12.7%
Total equity$1.0B+5.0%
Total assets$2.1B+1.2%

Cash flow

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Operating cash flow$99.7M+91.9%
CapEx$5.7M-1.1%
Free cash flow$94.0M+103%

Valuation

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Market cap$1.72B-1.1%
Enterprise value$2.28B-4.2%
P/E19.4×+3.3×
P/S0.9×+0.1×

Profitability

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Gross margin37.2%0.0pp
Operating margin7.8%-0.4pp
Net margin4.9%-0.6pp
FCF margin10.9%+4.9pp

Returns & leverage

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Return on equity8.6%-2.5pp
Debt / equity0.5×-0.1×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by ICF International in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: ICF International’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338422
Line itemThree Months Ended June 30, 2026 / DollarsThree Months Ended June 30, 2026 / PercentThree Months Ended June 30, 2025 / DollarsThree Months Ended June 30, 2025 / PercentSix Months Ended June 30, 2026 / DollarsSix Months Ended June 30, 2026 / PercentSix Months Ended June 30, 2025 / DollarsSix Months Ended June 30, 2025 / Percent
Client Type:
U.S. federal government$184,91339%$204,38943%$367,35640%$443,55146%
U.S. state and local government84,04918%85,68218%161,09718%162,79317%
International government39,5218%29,2596%71,3478%56,3486%
Total Government308,48365%319,33067%599,80066%662,69269%
Commercial166,01235%156,82533%312,19534%301,08131%
Total$474,495100%$476,155100%$911,995100%$963,773100%

Item 1. Financial Statements

FAQ

What is ICF International's commercial — revenue?
ICF International (ICFI) reported commercial — revenue of $166.01M in Q2 2026.
How has ICF International's commercial — revenue changed year-over-year?
ICF International's commercial — revenue increased by 5.9% year-over-year, from $156.83M to $166.01M.
What is the long-term trend for ICF International's commercial — revenue?
Over 4 years (2021 to 2025), ICF International's commercial — revenue has grown at a 8.7% compound annual growth rate (CAGR), from $444.92M to $621.5M.
What does commercial — revenue mean?
This metric represents the total gross revenue generated from the commercial business segment, excluding any pass-through taxes collected from customers. It serves as a primary indicator of the company's ability to capture market share and scale its professional services and consulting offerings within the private sector. Tracking this figure helps investors assess the growth trajectory and revenue diversification of the commercial portfolio relative to government-focused operations.

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