ICF International Management
Management criteria checks 4/4
ICF International's CEO is John Wasson, appointed in Oct 2019, has a tenure of 6.58 years. total yearly compensation is $6.86M, comprised of 14.6% salary and 85.4% bonuses, including company stock and options. directly owns 0.63% of the company’s shares, worth $7.77M. The average tenure of the management team and the board of directors is 6.3 years and 15.6 years respectively.
Key information
John Wasson
Chief executive officer
US$6.9m
Total compensation
| CEO salary percentage | 14.63% |
| CEO tenure | 6.6yrs |
| CEO ownership | 0.6% |
| Management average tenure | 6.3yrs |
| Board average tenure | 15.6yrs |
Recent management updates
Recent updates
Narrative Update • May 07
ICFI: Federal And State Contract Wins Will Support Future Upside Potential
Analysts have maintained the price target for ICF International at $124, reflecting slightly adjusted assumptions for discount rate, revenue, profit margin, and future P/E based on updated views on the company. What's in the News ICF received a position on a new five-year multiple award blanket purchase agreement from the U.S. Defense Counterintelligence and Security Agency for software engineering services to modernize National Background Investigation Services systems, with a total ceiling of US$800 million across 12 vendors (Key Developments).
Narrative Update • Apr 22
ICFI: Federal And State Contracts Will Drive Stronger Long Term Upside
Analysts have kept their price target for ICF International steady at $80.00, citing only modest changes to discount rate, revenue growth, profit margin, and future P/E assumptions that leave their overall valuation view broadly unchanged. What's in the News Defense Counterintelligence and Security Agency awarded ICF a position on a new multiple award blanket purchase agreement for software engineering services to modernize National Background Investigation Services systems, a five year vehicle with an $800 million ceiling across 12 awardees, where ICF can compete for task orders using cloud native design, zero trust architecture, open source technologies, agile DevSecOps, AI and automation (Client announcement).Narrative Update • Apr 08
ICFI: New Contracts And Buybacks Will Support Future Upside Potential
Analysts have raised their price target on ICF International by $8 to $124, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research around ICF International points to a constructive tone, with the latest price target revision to $124 reflecting updated thinking on discount rates, revenue growth, profit margins, and future P/E assumptions.Narrative Update • Mar 25
ICFI: Contract Wins And Guidance Will Support Stronger Long Term Upside
Analysts have adjusted their price target on ICF International by $2, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E, which they view as consistent with the latest Street research. Analyst Commentary While the latest research includes a price target adjustment that reflects refreshed assumptions around valuation inputs, not all commentary is upbeat.Narrative Update • Mar 10
ICFI: Future Contract Wins And Buybacks Will Support Upside Potential
Analysts now see fair value for ICF International at about $124, down from $133, reflecting updated views on discount rates, revenue growth, profit margins, and a lower assumed future P/E multiple informed in part by recent Street research such as Truist's price target revision. Analyst Commentary Recent Street research on ICF International has centered on updated valuation work, which has informed both the new fair value estimate of about $124 and changes to individual price targets such as the recent revision highlighted in the Truist report.
Narrative Update • Feb 24
ICFI: Recent Contract Wins Will Support Future Risk Adjusted Earnings Trajectory
Analysts have raised their price target on ICF International by $8, reflecting updated assumptions for the discount rate and long-term P/E, while keeping fair value estimates broadly in line with prior views. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as better aligning the stock with their updated long term P/E assumptions, suggesting they view current valuation as reasonable relative to their revised framework.Narrative Update • Feb 10
ICFI: Recent Contract Wins Will Support Future Execution Against Earnings Trajectory
Analysts recently nudged their price target on ICF International higher by $8, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E that still align with an unchanged fair value estimate of $108.75. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with their updated assumptions on revenue growth and margins, suggesting the current share price still leaves room relative to their fair value work.Narrative Update • Jan 26
ICFI: Recent Contract Wins And Earnings Resilience Will Support Future Upside
Analysts have raised their price target on ICF International by $5.50 to $108.75, citing updated assumptions for revenue growth, profitability, discount rate, and a lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with updated assumptions for revenue growth and profitability.Narrative Update • Jan 12
ICFI: Shutdown Revenue Hit Will Pressure Overvalued Shares Despite Maryland Contract
Analysts have adjusted their price target for ICF International to reflect updated assumptions around slightly lower discount rates, higher revenue growth of about 4.84% and modestly stronger profit margins of roughly 5.75%, together with a revised future P/E of about 14.51x. These factors support a refined valuation view in currency terms.Narrative Update • Dec 26
ICFI: Future Outlook Will Balance Shutdown Pressures With Digital Contract Opportunities
Analysts have modestly raised their price target on ICF International to reflect incremental improvements in projected revenue growth, profit margins, and long term earnings multiples, which results in a slightly higher implied equity valuation in dollar terms compared with prior estimates. What's in the News ICF was selected as one of eight prime awardees on Maryland's $300 million, nine year Agile Digital Experience Product Transformation contract to modernize state and local digital services and legacy systems (Client Announcements).Narrative Update • Dec 12
ICFI: Future Outlook Will Balance Lower Upside With Improving Profitability
Analysts have trimmed their price target on ICF International from 88.00 dollars to 82.00 dollars, citing a slightly higher discount rate that more than offsets improvements in projected revenue growth, profit margins, and a lower expected future price-to-earnings multiple. What's in the News Completed a long running share repurchase program, buying back 1,966,602 shares in total, representing about 10.46% of outstanding stock for $188.03 million, with no additional shares repurchased in the most recent quarter (company buyback update).Analysis Article • Sep 10
Calculating The Intrinsic Value Of ICF International, Inc. (NASDAQ:ICFI)
Key Insights The projected fair value for ICF International is US$113 based on 2 Stage Free Cash Flow to Equity ICF...Seeking Alpha • Aug 04
ICF International: Fathom Hints At AI-Driven Rerating Potential
Summary ICF International delivered mixed Q2 results, with federal revenue declines offset by strong commercial growth, especially in energy and data center projects. Despite headwinds, ICF maintained margins and is prioritizing deleveraging over shareholder returns, with limited dividend growth and cautious cash management. The new AI platform, Fathom, is promising and could drive future margin expansion, but it's too early to assume significant recurring revenue or a SaaS-like rerating. I maintain a 'Hold' rating and $88-$90 price target, seeing limited near-term upside but growing confidence in ICF’s resilience and AI-driven growth potential. Read the full article on Seeking AlphaAnalysis Article • Jul 22
ICF International (NASDAQ:ICFI) Is Looking To Continue Growing Its Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Analysis Article • Jun 16
Earnings Working Against ICF International, Inc.'s (NASDAQ:ICFI) Share Price
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Analysis Article • May 29
Shareholders May Not Be So Generous With ICF International, Inc.'s (NASDAQ:ICFI) CEO Compensation And Here's Why
Key Insights ICF International's Annual General Meeting to take place on 4th of June CEO John Wasson's total...Analysis Article • May 13
Is ICF International, Inc. (NASDAQ:ICFI) Trading At A 33% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, ICF International fair value estimate is US$133 ICF...Analysis Article • Apr 08
ICF International (NASDAQ:ICFI) Hasn't Managed To Accelerate Its Returns
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Analysis Article • Mar 04
ICF International, Inc. (NASDAQ:ICFI) Analysts Just Cut Their EPS Forecasts Substantially
Market forces rained on the parade of ICF International, Inc. ( NASDAQ:ICFI ) shareholders today, when the analysts...Analysis Article • Jan 22
ICF International, Inc.'s (NASDAQ:ICFI) Intrinsic Value Is Potentially 89% Above Its Share Price
Key Insights The projected fair value for ICF International is US$252 based on 2 Stage Free Cash Flow to Equity ICF...Analysis Article • Jan 07
ICF International (NASDAQ:ICFI) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Dec 14
ICF International, Inc.'s (NASDAQ:ICFI) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
The ICF International, Inc. ( NASDAQ:ICFI ) share price has fared very poorly over the last month, falling by a...Analysis Article • Dec 02
Here's Why We Think ICF International (NASDAQ:ICFI) Might Deserve Your Attention Today
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Nov 17
ICF International's (NASDAQ:ICFI) Returns Have Hit A Wall
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Sep 20
Does ICF International (NASDAQ:ICFI) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$85m |
| Dec 31 2025 | US$7m | US$1m | US$92m |
| Sep 30 2025 | n/a | n/a | US$99m |
| Jun 30 2025 | n/a | n/a | US$108m |
| Mar 31 2025 | n/a | n/a | US$110m |
| Dec 31 2024 | US$7m | US$1m | US$110m |
| Sep 30 2024 | n/a | n/a | US$108m |
| Jun 30 2024 | n/a | n/a | US$99m |
| Mar 31 2024 | n/a | n/a | US$94m |
| Dec 31 2023 | US$6m | US$1m | US$83m |
| Sep 30 2023 | n/a | n/a | US$69m |
| Jun 30 2023 | n/a | n/a | US$65m |
| Mar 31 2023 | n/a | n/a | US$63m |
| Dec 31 2022 | US$5m | US$970k | US$64m |
| Sep 30 2022 | n/a | n/a | US$67m |
| Jun 30 2022 | n/a | n/a | US$69m |
| Mar 31 2022 | n/a | n/a | US$71m |
| Dec 31 2021 | US$4m | US$900k | US$71m |
| Sep 30 2021 | n/a | n/a | US$72m |
| Jun 30 2021 | n/a | n/a | US$69m |
| Mar 31 2021 | n/a | n/a | US$63m |
| Dec 31 2020 | US$3m | US$800k | US$55m |
| Sep 30 2020 | n/a | n/a | US$62m |
| Jun 30 2020 | n/a | n/a | US$63m |
| Mar 31 2020 | n/a | n/a | US$64m |
| Dec 31 2019 | US$3m | US$717k | US$69m |
Compensation vs Market: John's total compensation ($USD6.86M) is about average for companies of similar size in the US market ($USD5.47M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
CEO
John Wasson (64 yo)
6.6yrs
Tenure
US$6,857,678
Compensation
Mr. John M. Wasson served as President of ICF International Inc. since 2010. Mr. Wasson had been the President of ICF International Inc. since June 2010 until 2022 and served as its Chief Operating Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 6.6yrs | US$6.86m | 0.63% $ 7.8m | |
| President | less than a year | US$2.00m | 0.058% $ 714.7k | |
| COO, CFO & Executive VP | 6.3yrs | US$2.95m | 0.27% $ 3.4m | |
| Executive Vice President of Growth | 6.3yrs | US$1.49m | 0.15% $ 1.8m | |
| VP, Corporate Controller & Principal Accounting Officer | 3.6yrs | no data | 0.0014% $ 17.7k | |
| Executive VP | 12.6yrs | no data | no data | |
| Senior VP & Chief Marketing Officer | 8.8yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 6.3yrs | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| MD & Senior VP | no data | no data | no data | |
| Senior Vice President of Strategic Communications Group | no data | no data | no data | |
| Senior Vice President of Health | 20.3yrs | no data | no data |
6.3yrs
Average Tenure
60yo
Average Age
Experienced Management: ICFI's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 6.6yrs | US$6.86m | 0.63% $ 7.8m | |
| Independent Director | 8.9yrs | US$270.00k | 0.13% $ 1.6m | |
| Lead Independent Director | 19.8yrs | US$290.00k | 0.27% $ 3.3m | |
| Independent Director | 14.3yrs | US$252.00k | 0.025% $ 306.9k | |
| Independent Director | 8.7yrs | US$258.00k | 0.12% $ 1.4m | |
| Member of the Defense Advisory Board | 16.9yrs | no data | no data | |
| Member of the Defense Advisory Board | 16.9yrs | no data | no data | |
| Member of the Defense Advisory Board | 16.9yrs | no data | no data | |
| Member of the Defense Advisory Board | 16.9yrs | no data | no data | |
| Member of the Defense Advisory Board | 16.9yrs | no data | no data | |
| Independent Director | 5.7yrs | US$280.00k | 0.038% $ 467.9k | |
| Independent Director | 5yrs | US$256.00k | 0.042% $ 521.8k |
15.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: ICFI's board of directors are seasoned and experienced ( 15.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/27 07:02 |
| End of Day Share Price | 2026/05/27 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ICF International, Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Steinke | Barrington Research Associates, Inc. |
| Samuel England | Berenberg |
| Jason Ross Tilchen | Canaccord Genuity |