ICF International, Inc. (ICFI) Bundle
Understanding ICF International, Inc. (ICFI) Revenue Streams
Revenue Analysis
ICF International's revenue streams provide a comprehensive view of the company's financial performance across various business segments.
| Revenue Segment | 2022 Revenue ($M) | 2023 Revenue ($M) | Year-over-Year Growth |
|---|---|---|---|
| Commercial & Global Public Services | 1,062.4 | 1,188.7 | 11.9% |
| Government Services | 754.2 | 812.6 | 7.7% |
Key revenue insights for the company include:
- Total annual revenue of $2.001 billion in 2023
- Consolidated revenue growth of 10.2% compared to previous year
- Federal government contracts representing 62% of total revenue
Revenue breakdown by service type demonstrates diverse income streams:
| Service Category | 2023 Revenue Contribution |
|---|---|
| Management Consulting | 38.5% |
| Technology Solutions | 29.7% |
| Implementation Services | 31.8% |
Geographic revenue distribution highlights market penetration:
- North American market: 89.3% of total revenue
- International markets: 10.7% of total revenue
A Deep Dive into ICF International, Inc. (ICFI) Profitability
Profitability Metrics Analysis
The company's financial performance reveals key profitability insights for investors.
| Profitability Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 35.2% | 36.7% |
| Operating Profit Margin | 9.6% | 10.3% |
| Net Profit Margin | 7.4% | 8.1% |
Profitability performance highlights:
- Revenue: $1.89 billion in 2023
- Net Income: $153.4 million
- Earnings Per Share: $4.12
Operational Efficiency Metrics
| Efficiency Indicator | 2023 Performance |
|---|---|
| Operating Expense Ratio | 26.4% |
| Return on Equity | 15.7% |
| Return on Assets | 8.9% |
Debt vs. Equity: How ICF International, Inc. (ICFI) Finances Its Growth
Debt vs. Equity Structure Analysis
As of the latest financial reporting, the company's debt structure reveals critical insights into its financial strategy:
| Debt Metric | Amount ($) |
|---|---|
| Total Long-Term Debt | $187.4 million |
| Short-Term Debt | $42.6 million |
| Total Debt | $230 million |
| Debt-to-Equity Ratio | 0.65 |
Key financial characteristics of the debt structure include:
- Credit Rating: BBB (Standard & Poor's)
- Average Interest Rate on Debt: 4.3%
- Debt Maturity Profile: Predominantly long-term instruments
Debt financing breakdown:
| Debt Type | Percentage |
|---|---|
| Revolving Credit Facility | 45% |
| Term Loans | 35% |
| Convertible Notes | 20% |
Equity financing details:
- Total Shareholders' Equity: $355.6 million
- Number of Outstanding Shares: 21.4 million
- Equity Funding Sources:
- Retained Earnings: $245.3 million
- Additional Paid-in Capital: $110.3 million
Comparative industry debt metrics show the company maintains a conservative financing approach with a debt-to-equity ratio significantly below the industry average of 0.85.
Assessing ICF International, Inc. (ICFI) Liquidity
Liquidity and Solvency Analysis
The liquidity assessment reveals critical financial metrics for evaluating the company's short-term financial health:
| Liquidity Metric | 2023 Value | 2022 Value |
|---|---|---|
| Current Ratio | 1.82 | 1.65 |
| Quick Ratio | 1.45 | 1.37 |
| Working Capital | $186.3 million | $162.7 million |
Key liquidity insights include:
- Cash and cash equivalents: $124.5 million
- Total current assets: $512.6 million
- Total current liabilities: $281.3 million
Cash flow statement highlights:
| Cash Flow Category | 2023 Amount |
|---|---|
| Operating Cash Flow | $214.7 million |
| Investing Cash Flow | -$87.3 million |
| Financing Cash Flow | -$52.6 million |
Debt structure analysis:
- Total debt: $345.2 million
- Debt-to-equity ratio: 0.65
- Interest coverage ratio: 4.7x
Liquidity strengths include robust current and quick ratios above 1.5, indicating sufficient short-term asset coverage for liabilities. The positive operating cash flow of $214.7 million demonstrates strong cash generation capabilities.
Is ICF International, Inc. (ICFI) Overvalued or Undervalued?
Valuation Analysis
Analyzing the current financial valuation metrics provides critical insights into the company's market positioning and investor sentiment.
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 18.5x |
| Price-to-Book (P/B) Ratio | 2.7x |
| Enterprise Value/EBITDA | 12.3x |
| Current Stock Price | $107.45 |
Stock Performance Metrics
- 52-week Price Range: $85.12 - $122.67
- Dividend Yield: 1.2%
- Dividend Payout Ratio: 22.5%
Analyst Recommendations
| Rating Category | Percentage |
|---|---|
| Buy Recommendations | 62% |
| Hold Recommendations | 33% |
| Sell Recommendations | 5% |
Comparative Valuation Insights
- Industry Average P/E Ratio: 16.8x
- Sector Median P/B Ratio: 2.5x
- Relative Valuation Premium: 10.7%
Key Risks Facing ICF International, Inc. (ICFI)
Risk Factors: Comprehensive Analysis
The company faces multiple complex risk dimensions across operational, financial, and strategic domains:
| Risk Category | Specific Risk | Potential Impact |
|---|---|---|
| Market Risk | Government Contract Volatility | 62% of revenue dependent on federal contracts |
| Competitive Risk | Industry Consolidation | Potential market share reduction by 15-20% |
| Financial Risk | Revenue Concentration | Top 3 clients represent 37% of total revenue |
Key External Risk Factors
- Cybersecurity threats with potential financial exposure of $4.5 million
- Regulatory compliance costs estimated at $2.3 million annually
- Geopolitical uncertainties impacting government contract allocations
Financial Risk Indicators
Critical financial risk metrics include:
| Metric | Current Value | Risk Level |
|---|---|---|
| Debt-to-Equity Ratio | 0.65 | Moderate |
| Current Liquidity Ratio | 1.75 | Stable |
Operational Risk Management
- Diversification strategy targeting 45% revenue from non-government sectors
- Technology investment of $6.2 million in risk mitigation infrastructure
- Continuous compliance monitoring with annual budget of $1.7 million
Future Growth Prospects for ICF International, Inc. (ICFI)
Growth Opportunities
The company demonstrates robust growth potential through strategic market positioning and targeted expansion initiatives.
Key Growth Drivers
- Government services segment revenue projected at $1.75 billion for fiscal year 2024
- Commercial and international markets expected to contribute 35% of total revenue
- Cybersecurity and digital transformation services showing 12.5% year-over-year growth
Strategic Expansion Metrics
| Growth Segment | Projected Investment | Expected Revenue Increase |
|---|---|---|
| Digital Transformation | $125 million | 15.3% |
| Healthcare Consulting | $85 million | 11.7% |
| Cybersecurity Services | $95 million | 13.2% |
Market Expansion Strategies
- Targeting federal civilian agency market with $500 million contract pipeline
- Expanding international presence across European and Asia-Pacific markets
- Investing in emerging technology capabilities
Competitive Positioning
Current market share in government consulting: 4.2% Projected market share growth by 2025: 5.7%
Revenue Growth Projections
| Fiscal Year | Projected Revenue | Growth Rate |
|---|---|---|
| 2024 | $1.95 billion | 10.3% |
| 2025 | $2.15 billion | 10.8% |
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