ICF International (ICFI) DCF: History & Chart

ICF International, Inc.(ICFI)

Consulting Services · Reston, VA

$84.84+1.98 (+2.39%)

Delayed quote: Oct 6, 2026, 10:40 AM EDT

About ICF International, Inc.

ICF International, Inc. is a prominent global consultancy offering a wide array of management, marketing, technology, and policy advisory and implementation services to both government and commercial entities worldwide. The firm specializes in in-depth research into pivotal policy, industry, and stakeholder matters, alongside analyzing trends and behaviors, subsequently assessing and quantifying the impact of these initiatives. ICF provides strategic guidance to clients, helping them adeptly navigate an array of societal, market, business, communication, and technological obstacles. Their comprehensive services encompass the development and deployment of policies, programs, and business instruments utilizing both standard and bespoke methodologies. This includes conducting extensive survey research, collecting and analyzing diverse datasets to illuminate key issues, and furnishing clients with actionable business intelligence and streamlined data management solutions for integrated usage. Additionally, ICF focuses on optimizing customer and citizen interactions, modernizing information technology systems, and providing formidable cybersecurity measures to safeguard IT infrastructure against evolving threats. The company designs, develops, and implements critical technology systems and business tools essential for its clients' operational excellence and mission achievement. To ensure effective engagement, ICF also handles public relations, branding, marketing, and multichannel communication strategies, along with reputation management, for its clients' various constituents, customers, and employees. Its expertise spans critical sectors such as energy, environment, and infrastructure; health, education, and social programs; safety and security; and consumer and financial markets. Established in 1969, the company initially operated as ICF Consulting Group Holdings, LLC, before rebranding to ICF International, Inc. in 2006. Its headquarters are located in Fairfax, Virginia.

Reston, VA

7,686 employees

www.icf.com

Industrials / Consulting Services

Sector: Industrials
Industry: Consulting Services
CEO: John Wasson

View full financials

ICF International, Inc. (ICFI) DCF Valuation

Price is BELOW the estimated range

$94.19

$200.02

Model scenario range

$84.84

Today's price

TGM's two-stage DCF values ICF International, Inc. (ICFI) between $94.19 and $200.02 depending on assumptions, with a base case of $133.71. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.

What would today's price require?

Growth the price assumes-5.5%/yr

Actual FCF growth, last 5 years-5.0%/yr

$84.84 is justified only if free cash flow grows about -5.5% a year (fading to 2.5% long-run) at a 7.5% required return — about in line with its track record.

Scenario	FCF growth (fading to 2.5%)	Discount	Value / share
Conservative	0.5%/yr	8.5%	$94.19
Base case	3.1%/yr	7.5%	$133.71
Optimistic	6.1%/yr	6.5%	$200.02
Third-party model estimate (FMP)	independent reference · retrieved Oct 6, 2026 · assumptions not provided		$183.85

The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.

Price|PE Ratio|FCF Yield|All Metrics

Current Price

$84.84

Market-Implied Growth

-5.5%/yr

vs -5.0% 5Y actual

Model Scenario Range

$94.19 – $200.02

model output — not a price target

ICFI DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for ICFI (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

FCF Growth Rate3.1%/yr

Historical FCF CAGR: 3Y 10.0% · 5Y -5.0% · 10Y 10.4%

Discount Rate (WACC)7.5%

Terminal Growth2.5%

Projection Years10yr

Base inputs: FCF $133.9M · 0.02B shares · net debt $396.1M

Estimated Fair Value

$133.71

+57.6% vs $84.84

Current price$84.84

Third-party model estimate (FMP)$183.85

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 3.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $84.84; red = below. Your current case is outlined.

WACC ↓ / Terminal →	1.50%	2.00%	2.50%	3.00%	3.50%
5.5%	$180	$205	$238	$284	$354
6.5%	$139	$154	$173	$197	$229
7.5%	$112	$122	$134	$148	$166
8.5%	$92.73	$99.64	$108	$117	$129
9.5%	$78.26	$83.34	$89.13	$95.80	$104