CACI International (CACI)
Market Price (7/1/2026): $467.05 | Market Cap: $10.3 BilSector: Industrials | Industry: Diversified Support Services
CACI International (CACI)
Market Price (7/1/2026): $467.05Market Cap: $10.3 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 5.6% Low stock price volatilityVol 12M is 33% Megatrend and thematic driversMegatrends include Cybersecurity, Cloud Computing, and Advanced Aviation & Space. Themes include Network Security, Show more. | Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -31% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53% Key risksCACI key risks include [1] its heavy reliance on U.S. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 5.6% |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Cloud Computing, and Advanced Aviation & Space. Themes include Network Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -31% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53% |
| Key risksCACI key risks include [1] its heavy reliance on U.S. Show more. |
Qualitative Assessment
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Updated on 6/30/2026
CACI International (CACI) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Increased Debt from ARKA Group Acquisition.
CACI International's stock decline was influenced by the substantial increase in its long-term debt to approximately $5.13 billion as of March 31, 2026, up from about $2.85 billion at the prior fiscal year-end. This increase was largely due to the $2.6 billion all-cash acquisition of ARKA Group L.P., completed around March/April 2026. The significant leverage increase likely made investors more cautious, particularly in a risk-averse market environment.
2. Downward Revisions of Analyst Price Targets.
Several analyst firms lowered their price targets for CACI International during the period, indicating a more cautious outlook on the company's valuation. For instance, JP Morgan reduced its price target from $700 to $645 on June 15, 2026; Citigroup lowered its target from $614 to $555 on May 18, 2026; and TD Cowen adjusted its target from $650 to $625 on April 24, 2026. More recently, on July 1, 2026, Jefferies lowered its target from $550 to $510, and Citigroup adjusted its target from $555 to $519, both maintaining "Hold" or "Neutral" ratings. These consistent downward adjustments contributed to negative market sentiment.
Show more
CACI International (CACI) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Increased Debt from ARKA Group Acquisition.
CACI International's stock decline was influenced by the substantial increase in its long-term debt to approximately $5.13 billion as of March 31, 2026, up from about $2.85 billion at the prior fiscal year-end. This increase was largely due to the $2.6 billion all-cash acquisition of ARKA Group L.P., completed around March/April 2026. The significant leverage increase likely made investors more cautious, particularly in a risk-averse market environment.
2. Downward Revisions of Analyst Price Targets.
Several analyst firms lowered their price targets for CACI International during the period, indicating a more cautious outlook on the company's valuation. For instance, JP Morgan reduced its price target from $700 to $645 on June 15, 2026; Citigroup lowered its target from $614 to $555 on May 18, 2026; and TD Cowen adjusted its target from $650 to $625 on April 24, 2026. More recently, on July 1, 2026, Jefferies lowered its target from $550 to $510, and Citigroup adjusted its target from $555 to $519, both maintaining "Hold" or "Neutral" ratings. These consistent downward adjustments contributed to negative market sentiment.
Show more
Updated on 6/30/2026
CACI International (CACI) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Increased Debt from ARKA Group Acquisition.
CACI International's stock decline was influenced by the substantial increase in its long-term debt to approximately $5.13 billion as of March 31, 2026, up from about $2.85 billion at the prior fiscal year-end. This increase was largely due to the $2.6 billion all-cash acquisition of ARKA Group L.P., completed around March/April 2026. The significant leverage increase likely made investors more cautious, particularly in a risk-averse market environment.
2. Downward Revisions of Analyst Price Targets.
Several analyst firms lowered their price targets for CACI International during the period, indicating a more cautious outlook on the company's valuation. For instance, JP Morgan reduced its price target from $700 to $645 on June 15, 2026; Citigroup lowered its target from $614 to $555 on May 18, 2026; and TD Cowen adjusted its target from $650 to $625 on April 24, 2026. More recently, on July 1, 2026, Jefferies lowered its target from $550 to $510, and Citigroup adjusted its target from $555 to $519, both maintaining "Hold" or "Neutral" ratings. These consistent downward adjustments contributed to negative market sentiment.
3. Rotation out of Government IT Sector.
The stock's performance was also impacted by a broader market trend where investors appeared to rotate out of government IT names amid weakness in the overall services sector. A notable downturn in large IT and consulting companies on June 18, 2026, may have had a ripple effect, spilling over to government technology contractors like CACI, even in the absence of specific company-driven news.
4. Modest Market Reaction to Fiscal Q3 2026 Earnings Despite Beats.
Despite CACI International reporting strong fiscal Q3 2026 results on April 22, 2026, including adjusted diluted EPS of $7.27, which surpassed consensus estimates of $7.09, and raising its fiscal year 2026 revenue and EBITDA margin guidance, the market's reaction was lukewarm. The stock either saw a modest initial gain of 2.8% or a decline of 3.58% in aftermarket trading following the announcement, before drifting significantly lower by 11.4% in the subsequent 59 days. This suggests that investors may have focused on underlying concerns, such as the increased debt, rather than solely on the earnings beat.
Show less
CACI International (CACI) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Increased Debt from ARKA Group Acquisition.
CACI International's stock decline was influenced by the substantial increase in its long-term debt to approximately $5.13 billion as of March 31, 2026, up from about $2.85 billion at the prior fiscal year-end. This increase was largely due to the $2.6 billion all-cash acquisition of ARKA Group L.P., completed around March/April 2026. The significant leverage increase likely made investors more cautious, particularly in a risk-averse market environment.
2. Downward Revisions of Analyst Price Targets.
Several analyst firms lowered their price targets for CACI International during the period, indicating a more cautious outlook on the company's valuation. For instance, JP Morgan reduced its price target from $700 to $645 on June 15, 2026; Citigroup lowered its target from $614 to $555 on May 18, 2026; and TD Cowen adjusted its target from $650 to $625 on April 24, 2026. More recently, on July 1, 2026, Jefferies lowered its target from $550 to $510, and Citigroup adjusted its target from $555 to $519, both maintaining "Hold" or "Neutral" ratings. These consistent downward adjustments contributed to negative market sentiment.
3. Rotation out of Government IT Sector.
The stock's performance was also impacted by a broader market trend where investors appeared to rotate out of government IT names amid weakness in the overall services sector. A notable downturn in large IT and consulting companies on June 18, 2026, may have had a ripple effect, spilling over to government technology contractors like CACI, even in the absence of specific company-driven news.
4. Modest Market Reaction to Fiscal Q3 2026 Earnings Despite Beats.
Despite CACI International reporting strong fiscal Q3 2026 results on April 22, 2026, including adjusted diluted EPS of $7.27, which surpassed consensus estimates of $7.09, and raising its fiscal year 2026 revenue and EBITDA margin guidance, the market's reaction was lukewarm. The stock either saw a modest initial gain of 2.8% or a decline of 3.58% in aftermarket trading following the announcement, before drifting significantly lower by 11.4% in the subsequent 59 days. This suggests that investors may have focused on underlying concerns, such as the increased debt, rather than solely on the earnings beat.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -14.8% change in CACI stock from 3/31/2026 to 6/30/2026 was primarily driven by a -17.7% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 6302026 | Change |
|---|---|---|---|
| Stock Price ($) | 543.87 | 463.26 | -14.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,979 | 9,163 | 2.0% |
| Net Income Margin (%) | 5.8% | 5.9% | 1.5% |
| P/E Multiple | 23.2 | 19.1 | -17.7% |
| Shares Outstanding (Mil) | 22 | 22 | 0.0% |
| Cumulative Contribution | -14.8% |
Market Drivers
3/31/2026 to 6/30/2026| Return | Correlation | |
|---|---|---|
| CACI | -14.8% | |
| Market (SPY) | 14.8% | 0.5% |
| Sector (XLI) | 14.5% | 10.1% |
Fundamental Drivers
The -13.1% change in CACI stock from 12/31/2025 to 6/30/2026 was primarily driven by a -18.0% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 6302026 | Change |
|---|---|---|---|
| Stock Price ($) | 532.81 | 463.26 | -13.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,859 | 9,163 | 3.4% |
| Net Income Margin (%) | 5.7% | 5.9% | 2.9% |
| P/E Multiple | 23.2 | 19.1 | -18.0% |
| Shares Outstanding (Mil) | 22 | 22 | -0.4% |
| Cumulative Contribution | -13.1% |
Market Drivers
12/31/2025 to 6/30/2026| Return | Correlation | |
|---|---|---|
| CACI | -13.1% | |
| Market (SPY) | 9.8% | 7.9% |
| Sector (XLI) | 19.7% | 13.4% |
Fundamental Drivers
The -2.8% change in CACI stock from 6/30/2025 to 6/30/2026 was primarily driven by a -14.5% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 6302026 | Change |
|---|---|---|---|
| Stock Price ($) | 476.70 | 463.26 | -2.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,362 | 9,163 | 9.6% |
| Net Income Margin (%) | 5.7% | 5.9% | 2.8% |
| P/E Multiple | 22.3 | 19.1 | -14.5% |
| Shares Outstanding (Mil) | 22 | 22 | 0.9% |
| Cumulative Contribution | -2.8% |
Market Drivers
6/30/2025 to 6/30/2026| Return | Correlation | |
|---|---|---|
| CACI | -2.8% | |
| Market (SPY) | 21.9% | 9.1% |
| Sector (XLI) | 26.9% | 16.0% |
Fundamental Drivers
The 35.9% change in CACI stock from 6/30/2023 to 6/30/2026 was primarily driven by a 38.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 6302026 | Change |
|---|---|---|---|
| Stock Price ($) | 340.84 | 463.26 | 35.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,642 | 9,163 | 38.0% |
| Net Income Margin (%) | 5.6% | 5.9% | 5.2% |
| P/E Multiple | 21.2 | 19.1 | -10.3% |
| Shares Outstanding (Mil) | 23 | 22 | 4.4% |
| Cumulative Contribution | 35.9% |
Market Drivers
6/30/2023 to 6/30/2026| Return | Correlation | |
|---|---|---|
| CACI | 35.9% | |
| Market (SPY) | 74.4% | 21.8% |
| Sector (XLI) | 79.8% | 29.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CACI Return | 8% | 12% | 8% | 25% | 32% | -14% | 83% |
| Peers Return | 10% | 29% | 7% | 7% | 8% | -13% | 52% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| CACI Win Rate | 67% | 58% | 58% | 83% | 58% | 17% | |
| Peers Win Rate | 53% | 62% | 57% | 62% | 55% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CACI Max Drawdown | -17% | -19% | -14% | -30% | -30% | -33% | |
| Peers Max Drawdown | -18% | -17% | -19% | -24% | -24% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LDOS, BAH, SAIC, GD, NOC. See CACI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/30/2026 (YTD)
How Low Can It Go
| Event | CACI | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.2% | -9.5% |
| % Gain to Breakeven | 13.9% | 10.5% |
| Time to Breakeven | 135 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -10.8% | -24.5% |
| % Gain to Breakeven | 12.1% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.4% | -33.7% |
| % Gain to Breakeven | 70.7% | 50.9% |
| Time to Breakeven | 590 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.2% | -12.2% |
| % Gain to Breakeven | 15.2% | 13.9% |
| Time to Breakeven | 22 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.0% | -17.9% |
| % Gain to Breakeven | 31.5% | 21.8% |
| Time to Breakeven | 164 days | 123 days |
In The Past
CACI International's stock fell -5.1% during the 2025 US Tariff Shock. Such a loss loss requires a 5.4% gain to breakeven.
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| Event | CACI | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -41.4% | -33.7% |
| % Gain to Breakeven | 70.7% | 50.9% |
| Time to Breakeven | 590 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.0% | -17.9% |
| % Gain to Breakeven | 31.5% | 21.8% |
| Time to Breakeven | 164 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.4% | -15.4% |
| % Gain to Breakeven | 25.7% | 18.2% |
| Time to Breakeven | 119 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -26.2% | -53.4% |
| % Gain to Breakeven | 35.5% | 114.4% |
| Time to Breakeven | 125 days | 1085 days |
In The Past
CACI International's stock fell -5.1% during the 2025 US Tariff Shock. Such a loss loss requires a 5.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CACI International (CACI)
CACI International provides advanced expertise and technology solutions, primarily supporting national security missions and government modernization efforts. The company serves enterprise and mission customers across the intelligence, defense, and federal civilian sectors in the U.S. through its Domestic Operations segment. Its International Operations segment extends these offerings to government and commercial clients in the United Kingdom, continental Europe, and other international markets. CACI's core mission involves designing, developing, integrating, deploying, and sustaining complex IT systems and delivering critical technology tailored for government and commercial enterprise environments.
CACI's comprehensive suite of products and services includes digital solutions, C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), cyber and space operations, engineering services, enterprise IT, and mission support. They deliver cloud-powered solutions, performance-based service management, software-as-a-service secure mobility, defensive cyber and network security, and end-user services. Additionally, CACI develops and deploys multi-domain technologies for signals intelligence (SIGINT), resilient communications, electronic warfare, and cyber operations, along with providing investigation and litigation support services primarily to the Intelligence Community and Department of Defense.
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CACI International (CACI) is like:
- Accenture or IBM Global Services, but specifically focused on providing advanced IT, cybersecurity, and technology solutions for national security and government defense agencies.
- A defense contractor such as Lockheed Martin or Raytheon, but specializing in cutting-edge software, IT, and intelligence technology solutions rather than physical hardware.
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- Digital Solutions: Provides expertise and technology for developing and implementing advanced digital solutions for enterprise and mission customers.
- Enterprise IT Systems & Services: Offers design, development, integration, deployment, and sustainment of enterprise-wide IT systems, including cloud, network, and end-user services.
- C4ISR Capabilities: Delivers technology and services for Command, Control, Computers, Communications, Intelligence, Surveillance, and Reconnaissance missions.
- Cyber & Space Operations: Provides defensive cyber, network security, and advanced space-related technologies and services for national security.
- Signals Intelligence (SIGINT) & Electronic Warfare: Develops and deploys specialized products and solutions for intelligence collection, analysis, electronic warfare, and cyber operations.
- Engineering Services: Offers a range of engineering support and expertise to federal civilian, defense, and intelligence sectors.
- Mission & Intelligence Support: Provides strategic mission support, intelligence collection and analysis, and investigation and litigation support services.
- Proprietary Data & Software Products: Develops and offers proprietary data and various software products to government and commercial customers.
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Major Customers of CACI International (CACI)
CACI International (CACI) primarily sells its expertise and technology to government entities and other commercial enterprises, rather than directly to individuals.
Its major customers include:
- U.S. Federal Government Agencies: This constitutes a significant portion of CACI's business, particularly supporting national security missions and government modernization/transformation. Specific entities mentioned include the Intelligence Community, the Department of Defense, and various federal civilian sectors. These are government bodies and do not have public stock symbols.
- International Government Customers: Through its International Operations segment, CACI serves government customers in the United Kingdom, continental Europe, and other international regions. These are government bodies and do not have public stock symbols.
- Commercial Enterprises: CACI also provides information solutions, IT services, proprietary data, and software products to commercial enterprises and customers in both its Domestic and International Operations segments. The provided background description does not name specific commercial customer companies, nor does it indicate if they are publicly traded entities.
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John S. Mengucci, President and Chief Executive Officer
John S. Mengucci has served as President and Chief Executive Officer of CACI International Inc since July 2019. He previously held the position of Chief Operating Officer for CACI from 2012 to 2019. Before joining CACI, Mr. Mengucci was president of Lockheed Martin Corporation's Information Systems and Global Solutions, Civil Product Line, where he led a 13,000-person, $4 billion business area. He also served as president of Lockheed Martin's Information Systems and Global Solutions Defense Segment. He holds a bachelor's degree in computer science from Clarkson University and an MBA from Syracuse University.
Jeffrey D. MacLauchlan, Executive Vice President, Chief Financial Officer, and Treasurer
Jeffrey D. MacLauchlan assumed the role of Executive Vice President, Chief Financial Officer, and Treasurer at CACI effective November 1, 2022. He joined CACI in May 2022 as a senior vice president on the finance team. Prior to his time at CACI, Mr. MacLauchlan was one of six founding partners of First Light Acquisition Group. He also served as a senior vice president of corporate development for Rockwell Collins from 2014-2018.
DeEtte Gray, President of U.S. Operations
DeEtte Gray serves as the President of U.S. Operations for CACI International. In this role, she is responsible for the company's domestic, federal, state, and local markets.
J. William Koegel, Jr., Executive Vice President, General Counsel and Secretary
J. William Koegel, Jr. holds the position of Executive Vice President, General Counsel and Secretary at CACI International.
Tracy Weir, President and Chief Executive, CACI Limited UK
Tracy Weir is the President and Chief Executive of CACI Limited UK. She oversees CACI's United Kingdom operation, managing a diverse business that provides a range of IT services.
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Here are the key risks to CACI International's business:
- Reliance on U.S. Government Contracts: CACI International's business model heavily depends on securing and executing large-scale, long-term contracts with the U.S. federal government. This reliance makes the company susceptible to various risks, including fluctuations in government budgets, potential government shutdowns, and shifts in policy or spending priorities, which could lead to contract delays, reductions, or terminations. Changes in discretionary spending levels, particularly in defense and national security, or alterations to the government contract procurement process, can significantly impact CACI's financial performance.
- Intense Market Competition: The government contracting landscape in which CACI operates is highly competitive. CACI faces constant pressure from both established industry players, such as Science Applications International (SAIC), Leidos Holdings (LDOS), and Booz Allen Hamilton (BAH), and newer, emerging firms vying for contracts. This intense competition can lead to increased pricing pressures, potentially impacting profit margins and the company's ability to secure new business.
- Technological Disruption and the Need for Continuous Innovation: Rapid advancements in technologies such as Artificial Intelligence (AI), cybersecurity, and cloud computing demand continuous investment and adaptation from CACI. Delays in securing awards for software-defined technologies or failure to keep pace with evolving technological threats and requirements could impact CACI's competitive edge and market position. The company must consistently enhance its capabilities and invest in research and development to remain relevant and competitive in a dynamic technological environment.
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The increasing preference of government customers to directly contract with pure-play commercial technology vendors (particularly in advanced areas like artificial intelligence, data analytics, and specialized cyber solutions) and hyperscale cloud providers. This trend, driven by a desire for cutting-edge innovation and direct access to platforms, could reduce the scope and strategic importance of traditional government system integrators and providers of custom enterprise IT and mission support services.
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CACI International Inc. operates within several significant addressable markets, primarily focused on U.S. federal government sectors, including defense, intelligence, and federal civilian agencies. The company's total addressable market (TAM) for federal services is estimated to be between $200 billion and $300 billion annually. The U.S. federal defense budget for fiscal year 2024 was $886 billion, and annual federal IT spending is approximately $120 billion.
Key addressable markets for CACI's main products and services include:
- Federal Information Technology (IT) and Digital Solutions: The U.S. federal spending on contractor-supplied IT products and services is projected to increase from $116.4 billion in fiscal year 2023 to $137.5 billion in fiscal year 2027. The federal cloud computing market in the U.S. was approximately $17 billion in fiscal year 2024 and is anticipated to grow to between $20 billion and $21 billion in fiscal year 2025. By fiscal year 2028, federal cloud computing spending is projected to reach $21.0 billion. The global government cloud market was valued at $48.6 billion in 2025 and is projected to reach $145.2 billion by 2034, with North America holding over 34.7% of the market share in 2025. The U.S. dominates the government cloud market with a 90.60% share.
- C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance): The global C4ISR market was valued at $126.2 billion in 2024 and is forecast to grow to $216 billion by 2034. Another estimate places the global market at $131.50 billion in 2024, expected to reach $190.78 billion by 2033. North America held over 39% of the global C4ISR market share in 2024, with the U.S. alone accounting for over 95% of the North American market.
- Cyber and Space: The global defense cybersecurity market was valued at $30.23 billion in 2024 and is projected to grow to $96.5 billion by 2034. North America accounted for 43.15% of the global defense cybersecurity revenue in 2024. The U.S. defense cybersecurity market is projected to reach $10.997 billion by 2026. The federal cybersecurity budget in the U.S. is $18 billion and is growing at a 15% compound annual growth rate. The global market for Space Domain Awareness is projected to reach $28 billion by 2030, with CACI focusing on the U.S. Department of Defense's $12 billion share.
- Artificial Intelligence (AI): The U.S. federal government's procurement of AI technology is a market worth more than $1 billion to vendors, with $8.4 billion in federal procurement over the last four fiscal years. Federal spending on AI and AI-related technologies is forecasted to increase from $2.7 billion in fiscal year 2026 to $3.1 billion in fiscal year 2028. The global AI in government and public services market was valued at $17.1 billion in 2024 and is projected to reach $91.3 billion in 2034, with North America being the largest market. The U.S. artificial intelligence market overall is projected to be worth $319.32 billion in 2032.
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Expected Drivers of Future Revenue Growth for CACI International (CACI) over the Next 2-3 Years:
- Organic Growth in National Security and Government Modernization: CACI is strategically positioned within the national security sector and continues to drive organic growth through its expertise and technology solutions for government modernization initiatives. Analysts anticipate low double-digit organic growth for CACI in calendar years 2027 and 2028. This growth is further supported by the company's focus on enduring funding streams and differentiated capabilities.
- Expansion of Technology-Led Solutions: CACI is making a deliberate transition towards higher-margin, technology-driven solutions, including significant investments in electronic warfare, software development, and software modernization. The company's electronic warfare portfolio alone generates approximately $2 billion in annual revenue, and its leadership in software development is a key part of its enterprise technology portfolio.
- Strategic Acquisitions: CACI utilizes strategic acquisitions to enhance its capabilities and expand its technology portfolio. The recent acquisition of ARKA Group, which adds space-based sensors and agentic AI-based software, is expected to be a significant driver for future growth, particularly in the space market and geospatial intelligence. Such acquisitions are part of a flexible and opportunistic capital deployment strategy aimed at long-term growth.
- New Business Wins and Strong Contract Backlog: The company's ability to consistently win new contracts and maintain a robust backlog underpins future revenue. CACI reported a record backlog of $34 billion in Q1 FY26 and $33 billion in Q2 FY26, representing nearly four years of annual revenue. A significant portion of contract awards are for new business, and CACI has billions in bids under evaluation, with over 70% for new business.
- Increased Government Funding and Key Programs: CACI expects to benefit from reconciliation funds flowing into various areas of its business, particularly from its national security customers, which account for 90% of its revenue. Specific programs like "Golden Dome," a U.S. government effort for multi-layered national defense against missile and unmanned systems, and the growing interest in Counter-UAS (CUAS) technologies, are identified as future funding drivers.
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Share Repurchases
- CACI International announced a new share repurchase program on January 26, 2023, authorizing the repurchase of up to $750 million worth of common stock with no expiration date.
- As part of this authorization, the company executed an accelerated share repurchase (ASR) of $250 million, equating to approximately 845,000 shares, which was completed by the end of August 2023.
- The company's annual share repurchases amounted to $273.235 million in 2023, $161.487 million in 2024, and $168.563 million in 2025.
Share Issuance
- On March 12, 2026, CACI International completed a $500 million offering of 6.375% unsecured senior notes due in 2033.
- These notes, part of a series originally issued in June 2025, were primarily intended to fund a portion of the $2.6 billion ARKA Group acquisition and related expenses, as well as to repay indebtedness under its revolving credit facility.
Outbound Investments
- CACI International completed the acquisition of ARKA Group for $2.6 billion in cash in March 2026, enhancing its capabilities in space-based sensors and agentic AI-based software.
- The company acquired Azure Summit Technology for $1.28 billion on September 16, 2024.
- In January 2022, CACI acquired ID Technologies for $225 million, expanding its secure network modernization offerings.
Capital Expenditures
- CACI International's capital expenditures were $64 million in 2023, $64 million in 2024, and $66 million in 2025.
- For the last 12 months ending in March 2026, capital expenditures were $77.26 million.
- In Q2 fiscal year 2026, the company invested $16.0 million in capital expenditures, which are generally focused on long-term assets and infrastructure.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 232.32 |
| Mkt Cap | 11.6 |
| Rev LTM | 14,273 |
| Op Inc LTM | 1,572 |
| FCF LTM | 1,405 |
| FCF 3Y Avg | 1,059 |
| CFO LTM | 1,517 |
| CFO 3Y Avg | 1,180 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.6% |
| Rev Chg 3Y Avg | 6.5% |
| Rev Chg Q | 4.0% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 9.5% |
| Op Inc Chg 3Y Avg | 15.0% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 9.6% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 10.1% |
| CFO/Rev 3Y Avg | 8.3% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 6.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.6 |
| P/S | 0.9 |
| P/Op Inc | 10.2 |
| P/EBIT | 10.0 |
| P/E | 13.9 |
| P/CFO | 10.2 |
| Total Yield | 8.5% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 5.6% |
| D/E | 0.5 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.5% |
| 3M Rtn | -18.2% |
| 6M Rtn | -12.4% |
| 12M Rtn | -1.7% |
| 3Y Rtn | 18.9% |
| 1M Excs Rtn | -8.5% |
| 3M Excs Rtn | -38.0% |
| 6M Excs Rtn | -21.0% |
| 12M Excs Rtn | -20.2% |
| 3Y Excs Rtn | -50.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 8,628 | 7,660 | 6,703 | 6,203 | 6,044 |
| Total | 8,628 | 7,660 | 6,703 | 6,203 | 6,044 |
| $ Mil | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|
| Marketing Systems Group | 33 | 5 | 4 | 3 | 2 |
| Information System Group | 6 | 28 | 22 | 17 | 15 |
| Other | -4 | -3 | -2 | 0 | |
| Total | 39 | 29 | 23 | 18 | 17 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Domestic Operations | 3,071 | 3,170 | 2,338 | 2,238 | 2,176 |
| International Operations | 187 | 189 | 164 | 155 | 144 |
| Total | 3,257 | 3,359 | 2,501 | 2,393 | 2,320 |
Price Behavior
Price Behavior
| Market Price | $463.26 | |
| Market Cap ($ Bil) | 10.2 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -30.0% | |
| 50 Days | 200 Days | |
| DMA Price | $500.79 | $554.79 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -7.5% | -16.5% |
| 3M | 1YR | |
| Volatility | 33.4% | 33.3% |
| Downside Capture | 20.51 | 54.27 |
| Upside Capture | -46.59 | 37.96 |
| Correlation (SPY) | -6.6% | 9.1% |
CACI Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.37 | -0.14 | -0.11 | 0.21 | 0.25 | 0.42 |
| Up Beta | 0.39 | 0.20 | 0.04 | -0.13 | 0.01 | 0.40 |
| Down Beta | -0.55 | 0.31 | -0.10 | 0.03 | 0.03 | 0.24 |
| Up Capture | -111% | -67% | -40% | 15% | 27% | 23% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 19 | 26 | 59 | 124 | 401 |
| Down Capture | 2% | -9% | 22% | 67% | 56% | 77% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 22 | 37 | 66 | 127 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CACI | |
|---|---|---|---|---|
| CACI | -3.4% | 33.2% | -0.07 | - |
| Sector ETF (XLI) | 27.6% | 16.5% | 1.30 | 16.5% |
| Equity (SPY) | 22.6% | 12.5% | 1.34 | 10.1% |
| Gold (GLD) | 22.4% | 27.7% | 0.71 | 8.2% |
| Commodities (DBC) | 22.4% | 18.6% | 0.95 | 9.7% |
| Real Estate (VNQ) | 13.2% | 13.7% | 0.66 | 22.1% |
| Bitcoin (BTCUSD) | -44.4% | 42.5% | -1.26 | 15.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CACI | |
|---|---|---|---|---|
| CACI | 11.3% | 27.2% | 0.40 | - |
| Sector ETF (XLI) | 14.4% | 17.6% | 0.65 | 37.5% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 29.2% |
| Gold (GLD) | 17.3% | 18.3% | 0.76 | 7.0% |
| Commodities (DBC) | 7.2% | 19.5% | 0.27 | 12.3% |
| Real Estate (VNQ) | 2.6% | 18.8% | 0.04 | 30.9% |
| Bitcoin (BTCUSD) | 12.9% | 53.8% | 0.43 | 13.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CACI | |
|---|---|---|---|---|
| CACI | 16.1% | 28.2% | 0.57 | - |
| Sector ETF (XLI) | 14.6% | 20.1% | 0.64 | 50.3% |
| Equity (SPY) | 15.5% | 18.0% | 0.73 | 47.1% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 3.5% |
| Commodities (DBC) | 5.6% | 18.0% | 0.24 | 17.3% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 43.2% |
| Bitcoin (BTCUSD) | 55.2% | 66.4% | 0.95 | 10.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 2.8% | -1.8% | -4.3% |
| 1/21/2026 | 3.6% | 0.9% | -7.4% |
| 10/22/2025 | 12.4% | 8.1% | 14.4% |
| 8/6/2025 | 5.2% | 6.0% | -0.2% |
| 4/23/2025 | 7.9% | 8.1% | 12.1% |
| 1/22/2025 | -9.3% | -17.1% | -29.7% |
| 10/23/2024 | 5.4% | 7.3% | -9.3% |
| 8/7/2024 | 3.1% | 3.3% | 4.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 14 |
| # Negative | 8 | 7 | 10 |
| Median Positive | 4.1% | 5.0% | 4.3% |
| Median Negative | -3.7% | -3.3% | -5.8% |
| Max Positive | 12.4% | 16.6% | 21.8% |
| Max Negative | -9.3% | -17.1% | -29.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 2.8% | -1.8% | -4.3% |
| 1/21/2026 | 3.6% | 0.9% | -7.4% |
| 10/22/2025 | 12.4% | 8.1% | 14.4% |
| 8/6/2025 | 5.2% | 6.0% | -0.2% |
| 4/23/2025 | 7.9% | 8.1% | 12.1% |
| 1/22/2025 | -9.3% | -17.1% | -29.7% |
| 10/23/2024 | 5.4% | 7.3% | -9.3% |
| 8/7/2024 | 3.1% | 3.3% | 4.4% |
| 4/24/2024 | 5.9% | 7.5% | 12.2% |
| 1/24/2024 | -1.7% | 1.1% | 8.6% |
| 10/25/2023 | 1.5% | 0.6% | 0.9% |
| 8/9/2023 | -3.7% | -6.5% | -10.9% |
| 4/26/2023 | 3.9% | 2.6% | -2.2% |
| 1/25/2023 | 4.2% | 4.8% | 2.0% |
| 10/27/2022 | 5.5% | 8.4% | 11.3% |
| 8/10/2022 | -2.1% | 0.6% | -0.5% |
| 4/27/2022 | -3.6% | -2.1% | 0.0% |
| 1/26/2022 | -8.4% | -3.3% | 0.1% |
| 10/27/2021 | 2.1% | 5.0% | -1.5% |
| 8/11/2021 | -0.0% | 1.5% | 0.9% |
| 4/21/2021 | 1.1% | -1.7% | 0.4% |
| 1/27/2021 | -4.9% | -7.8% | -14.6% |
| 10/28/2020 | 2.3% | 16.6% | 21.8% |
| 8/12/2020 | 5.6% | 7.2% | 4.3% |
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 14 |
| # Negative | 8 | 7 | 10 |
| Median Positive | 4.1% | 5.0% | 4.3% |
| Median Negative | -3.7% | -3.3% | -5.8% |
| Max Positive | 12.4% | 16.6% | 21.8% |
| Max Negative | -9.3% | -17.1% | -29.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 01/22/2026 | 10-Q |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-K |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 01/28/2025 | 10-Q |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-K |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 01/25/2024 | 10-Q |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-K |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 01/26/2023 | 10-Q |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 01/22/2026 | 10-Q |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-K |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 01/28/2025 | 10-Q |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-K |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 01/25/2024 | 10-Q |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-K |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 01/26/2023 | 10-Q |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-K |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 01/27/2022 | 10-Q |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 08/17/2021 | 10-K |
| 03/31/2021 | 04/22/2021 | 10-Q |
| 12/31/2020 | 01/28/2021 | 10-Q |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-K |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 01/30/2020 | 10-Q |
| 09/30/2019 | 11/01/2019 | 10-Q |
| 06/30/2019 | 08/21/2019 | 10-K |
Recent Forward Guidance
Updated 5/31/2026Latest: Q3 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 9.50 Bil | 9.55 Bil | 9.60 Bil | 1.6% | Raised | Guidance: 9.40 Bil for 2026 | |
| 2026 Adjusted net income | 615.00 Mil | 622.50 Mil | 630.00 Mil | -2.4% | Lowered | Guidance: 637.50 Mil for 2026 | |
| 2026 Adjusted diluted earnings per share | 27.7 | 28 | 28.4 | -1.9% | Lowered | Guidance: 28.6 for 2026 | |
| 2026 Free cash flow | 725.00 Mil | 0 | Affirmed | Guidance: 725.00 Mil for 2026 | |||
| 2026 EBITDA margin | 11.8% | 11.85% | 11.9% | ||||
Prior: Q2 2026 Earnings Reported 1/21/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 9.30 Bil | 9.40 Bil | 9.50 Bil | 1.1% | Raised | Guidance: 9.30 Bil for 2026 | |
| 2026 Adjusted Net Income | 630.00 Mil | 637.50 Mil | 645.00 Mil | 3.7% | Raised | Guidance: 615.00 Mil for 2026 | |
| 2026 Adjusted Diluted EPS | 28.2 | 28.6 | 28.9 | 3.6% | Raised | Guidance: 27.6 for 2026 | |
| 2026 Free Cash Flow | 725.00 Mil | 2.1% | Raised | Guidance: 710.00 Mil for 2026 | |||
Insider Activity
Updated 6/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gordon, Susan M | Direct | Sell | 6182026 | 500.38 | 264 | 132,100 | 1,321,504 | Form | |
| 2 | Plunkett, Debora A | Direct | Sell | 3122026 | 603.30 | 220 | 132,726 | 1,464,812 | Form | |
| 3 | Koegel, J William JR | EVP, General Counsel | Direct | Sell | 2122026 | 615.06 | 2,000 | 1,230,125 | 15,949,186 | Form |
| 4 | Jews, William L | Direct | Sell | 12122025 | 585.82 | 3,000 | 1,757,460 | 1,982,415 | Form | |
| 5 | Mengucci, John S | President & CEO | Direct | Sell | 9162025 | 492.82 | 10,175 | 5,014,483 | 50,039,363 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gordon, Susan M | Direct | Sell | 6182026 | 500.38 | 264 | 132,100 | 1,321,504 | Form | |
| 2 | Plunkett, Debora A | Direct | Sell | 3122026 | 603.30 | 220 | 132,726 | 1,464,812 | Form | |
| 3 | Koegel, J William JR | EVP, General Counsel | Direct | Sell | 2122026 | 615.06 | 2,000 | 1,230,125 | 15,949,186 | Form |
| 4 | Jews, William L | Direct | Sell | 12122025 | 585.82 | 3,000 | 1,757,460 | 1,982,415 | Form | |
| 5 | Mengucci, John S | President & CEO | Direct | Sell | 9162025 | 492.82 | 10,175 | 5,014,483 | 50,039,363 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Diversified Support Services Resources |
| Facilities Management Journal (FMJ) |
| Supply Chain Brain |
| Corporate Services News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/30/2026