Filing Flows › ICF International (ICFI) › Q3 2026 › vs Q3 2025
ICF International (ICFI) Q3 2026 vs Q3 2025 (year over year)
ICF International's revenue rose $5.1M (+1%) from $465M in Q3 2025 to $470M in Q3 2026. The biggest changes: US State and International Government +$2.7M (+0.9%); Commercial +$2.4M (+2%). Operating margin 9.3% against 8.3% (+1.0 pts).
ICF International, Q3 2026: revenue $470M (+1% year over year), operating margin 9.3%, net earnings $31.7M, operating cash flow $35.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 9.3% | 8.3% | +1.0 pts |
| Net margin | 6.7% | 5.1% | +1.6 pts |
| Free cash flow margin | 6.3% | 9.0% | -2.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| US Federal Government | $191M | $198M | −$7.0M | -4% |
| US State and Local Government | $87.9M | $81.7M | $6.2M | +8% |
| International Government | $32.5M | $29.0M | $3.5M | +12% |
| US State and International Government | $312M | $309M | $2.7M | +0.9% |
| Commercial | $159M | $156M | $2.4M | +2% |
| Revenue | $470M | $465M | $5.1M | +1% |
| Operating profit | $43.6M | $38.4M | $5.2M | +14% |
| Costs & expenses | $427M | $427M | −$124K | 0% |
| Pre-tax earnings | $37.3M | $30.7M | $6.6M | +21% |
| Other expense, net | $6.3M | $7.7M | −$1.4M | -18% |
| Cost of revenue | $291M | $291M | $765K | +0.3% |
| SG&A | $126M | $122M | $3.4M | +3% |
| Other operating costs | $9.9M | $14.2M | −$4.3M | -30% |
| Net earnings | $31.7M | $23.8M | $8.0M | +34% |
| Income tax | $5.6M | $7.0M | −$1.4M | -20% |
| Depreciation & amortization | $9.9M | $14.2M | −$4.3M | -30% |
| Share-based compensation | $4.3M | $4.5M | −$170K | -4% |
| Working capital & other | $10.8M | −$4.9M | $15.7M | — |
| Operating cash flow | $35.2M | $47.3M | −$12.1M | -26% |
| Free cash flow (OCF − capex) | $29.6M | $41.8M | −$12.2M | -29% |
| Capital expenditures | $5.6M | $5.5M | $18K | +0.3% |
Questions
How much did ICF International's revenue grow year over year in Q3 2026?
ICF International's revenue rose $5.1M (+1%) from $465M in Q3 2025 to $470M in Q3 2026.
What drove ICF International's revenue change in Q3 2026?
US State and International Government +$2.7M (+0.9%); Commercial +$2.4M (+2%).