Filing Flows › ICF International (ICFI) › Q3 2026
ICF International (ICFI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
ICF International (ICFI) reported revenue of $470M for the third quarter 2026 (Q3 2026), +1% from a year earlier and -0.8% from the quarter before. Operating margin was 9.3%, net earnings $31.7M (6.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $470M | -0.8% | +1% |
| Operating profit | $43.6M | +9% | +14% |
| Net earnings | $31.7M | +18% | +34% |
| Operating cash flow | $35.2M | -65% | -26% |
| Free cash flow | $29.6M | -69% | -29% |
What changed
Revenue was $470.5M in Q3 2026, up 1% year over year and down 1% from the previous quarter. US Federal Government was the largest line at 41% of revenue. US State and Local Government added $6.2M year over year (up 8%), 121% of the total change. US Federal Government declined 4%.
Operating profit was $43.6M, a 9.3% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 102% reached operating profit, above the 8% margin then. Total costs fell 0% while revenue rose 1%. Net earnings were $31.7M, up 34% year over year. The effective tax rate was 15.0%.
Operating cash flow was $35.2M (down 26% year over year), 111% of net earnings. Non-cash charges added back $9.9M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $10.8M. Capital expenditures of $5.6M left free cash flow of $29.6M.
Questions
What was ICF International's revenue in the third quarter 2026?
ICF International (ICFI) reported revenue of $470M for the third quarter 2026 (Q3 2026), +1% from a year earlier and -0.8% from the quarter before.
Was ICF International profitable in the third quarter 2026?
Operating profit was $43.6M (9.3% of revenue) and net earnings $31.7M.
Source: ICF International 10-Q on SEC EDGAR.