ICF International

ICFI

Market cap $1.44B

ICFI posts weaker third-quarter 2025 results, with earnings and revenues falling short of estimates and declining year over year.

ICF International faces headwinds from declining federal contracts, a prolonged government shutdown, and weak guidance, keeping the stock under pressure. Commercial revenue, especially from electrification services for data centers, grew 20.9% year-over-year, but cannot offset federal contract losses yet. Despite resilient margins and strong free cash flow, Q3 FY 2025 saw a double miss, with revenue and outlook both disappointing.

While the top- and bottom-line numbers for ICF (ICFI) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

ICF International, Inc. ( ICFI ) Q3 2025 Earnings Call October 30, 2025 4:30 PM EDT Company Participants John Wasson - Chairman of the Board, President & CEO Barry Broadus - EVP & CFO Conference Call Participants Lynn Morgen Timothy Mulrooney - William Blair & Company L.L.C., Research Division Tobey Sommer - Truist Securities, Inc., Research Division Marc Riddick - Sidoti & Company, LLC Kevin Steinke - Barrington Research Associates, Inc., Research Division Presentation Operator Welcome to the Third Quarter 2025 ICF Earnings Conference Call.

ICF International (ICFI) came out with quarterly earnings of $1.67 per share, missing the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $2.13 per share a year ago.

―Revenues From Commercial Clients and State & Local and International Government Clients Increased 14% to Account for 57% of Q3 Revenues― ―Revenues from Commercial Energy Clients Up 24%― ―Favorable Mix and Effective Cost Management Continued to Drive Margin Expansion― ―Maintains Guidance Framework and Expects a Return to Revenue and Earnings Growth in 2026― Third Quarter Highlights:  Revenue Was $465 Million Net Income Was $24 Million; GAAP EPS Was $1.28 Non-GAAP EPS1 Was $1.67, Inclusive of a Negative Tax Adjustment of $0.04 Per Share EBITDA1 Was $52.8 Million; Adjusted EBITDA1 Was $53.2 Million, or 11.4% of Total Revenues Contract Awards Were $714 Million for a Quarterly Book-to-Bill Ratio of 1.53 RESTON, Va. , Oct. 30, 2025 /PRNewswire/ -- ICF (NASDAQ: ICFI), a leading global solutions and technology provider, reported results for the third quarter ended September 30, 2025.

Barry Broadus to Retire as CFO in 2026 After a 40-Year Career in Finance James Morgan, COO, to Take on Additional Role of CFO  Anne Choate to be Named President RESTON, Va. , Oct. 30, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a leading global solutions and technology provider, today announced several executive leadership changes supporting the company's future growth.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

New AI Capabilities  Enhance Program Design & Delivery RESTON, Va. , Oct. 7, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a leading global solutions and technology provider, announced the next generation of Sightline®, its industry-leading utility program platform with added capabilities that unlock a 360-degree view of customer programs.

ICF (ICFI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.