ICF International

ICF International

Global solutions provider delivering technology-driven consulting

Overview

ICF International is a global solutions and technology provider that helps organizations tackle complex challenges and manage change. It combines deep expertise with technology-enabled services to deliver advisory, program management, and digital/analytic solutions that support clients across sectors. Its approach centers on applying specialized knowledge and data-driven tools to meet client needs and implement practical outcomes. The company differentiates itself by blending broad, deep expertise with technology to deliver integrated, end-to-end services at scale, rather than focusing on a single niche. Its goal is to help clients solve difficult problems, navigate transitions, and shape the future by delivering practical, measurable results.

About ICF International

Simplify's Rating
Why ICF International is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Cybersecurity

AI & Machine Learning

Company Size

10,001+

Company Stage

IPO

Headquarters

Fairfax, Virginia

Founded

2020

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Simplify's Take

What believers are saying

  • 17.5% year-on-year international government revenue growth drives sequential expansion.
  • $1.45B credit facility enables aggressive M&A pace with five deals in 2024-2025.
  • $21M California infrastructure contract bolsters state-level public sector presence.

What critics are saying

  • AEG integration fails, causing 60-70% talent loss and $30M revenue synergies evaporate within 18 months.
  • $1.45B debt strains free cash flow declining to $129.6M by 2027, halting M&A in 12-24 months.
  • Overlapping CMY, Blanton, AEG practices trigger revenue cannibalization and client confusion in 6-12 months.

What makes ICF International unique

  • ICF blends consulting with implementation across federal, international, and commercial energy clients.
  • Acquisitions like AEG, CMY Solutions, and Blanton expand energy and grid modernization expertise.
  • Secures niche contracts such as $800M Defense Counterintelligence BPA and $29M NYSDOT award.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

401(k) Company Match

Flexible Work Hours

Remote Work Options

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-4%
Squire Patton Boggs
Apr 27th, 2026
Squire Patton Boggs Advises ICF International on a $1.45 Billion Amended and Restated Credit Agreement | News | Squire Patton Boggs

Squire Patton Boggs represented ICF International, Inc. in connection with an amendment, restatement and increase to its $1.45 billion senior secured credit agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto. BOFA Securities, Inc. and Wells Fargo Securities, LLC acted as the joint lead arrangers on the transaction.

Yahoo Finance
Mar 2nd, 2026
Globalstar leads cash producers with 96% margin as ICF and Equifax struggle with efficiency

Globalstar, which operates low-earth orbit satellites providing voice and data communications in remote areas, stands out as a strong cash-producing investment with a 96.1% trailing 12-month free cash flow margin. The company, known for powering Apple iPhone's emergency SOS feature, has delivered exceptional revenue growth of 16.3% annually over the past five years. Two business services stocks to avoid are ICF International and Equifax. ICF International faces a declining sales pipeline with backlog averaging 7.4% declines over two years and anaemic growth projections of 2.4%. Equifax has seen its operating margin fall by 4.1 percentage points over five years, with EPS growth of just 2.2% annually, underperforming peers despite an 18.7% free cash flow margin.

VentureSquare
Dec 10th, 2025
Newbility secures KRW 25.1 billion in investment - 벤처스퀘어

Newbility (CEO Sangmin Lee), a physical AI-based robotics service and platform company, has secured KRW 25.1 billion in Series B funding. With this in...

Stock Titan
Jan 7th, 2025
ICF Acquires AEG for $30M Revenue Boost

ICF has acquired Applied Energy Group (AEG) from Ameresco for a $30 million revenue boost. AEG, with over 100 experts, enhances ICF's utility management and state/local government capabilities with its energy technology platform. The acquisition is expected to be immediately accretive to ICF's Non-GAAP EPS and aligns with ICF's strategy to expand in energy markets. Ameresco will focus on its core projects post-divestiture.

WashingtonExec
Aug 7th, 2023
ICF Buys CMY Solutions | WashingtonExec

John Wasson, ICF ICF has acquired CMY Solutions, a power and energy engineering firm that provides technology solutions and data analytics for grid moderniz ...

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