ICF International (ICFI)
Market Price (2/22/2026): $78.8 | Market Cap: $1.5 BilSector: Industrials | Industry: Research & Consulting Services
ICF International (ICFI)
Market Price (2/22/2026): $78.8Market Cap: $1.5 BilSector: IndustrialsIndustry: Research & Consulting 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 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 9.7% | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -89% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg QQuarterly Revenue Change % is -10.0% |
| Low stock price volatilityVol 12M is 39% | Key risksICFI key risks include [1] its significant dependence on U.S. Show more. | |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Water Infrastructure, and Cybersecurity. Themes include Smart Metering, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 9.7% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Water Infrastructure, and Cybersecurity. Themes include Smart Metering, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -89% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg QQuarterly Revenue Change % is -10.0% |
| Key risksICFI key risks include [1] its significant dependence on U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Q3 2025 Earnings Miss and Revenue Decline
ICF International reported its third-quarter 2025 earnings on October 30, 2025, missing both earnings per share (EPS) and revenue consensus estimates. The company reported an EPS of $1.67, falling short of the $1.75 estimate by $0.08, and quarterly revenue declined 10.0% year-over-year to $465.41 million, below analyst estimates of $485.10 million. This earnings miss likely contributed to initial downward pressure on the stock.
2. Persistent Federal Business Headwinds and International Contract Delays
The company faced ongoing challenges in its federal government business, which saw a substantial 29.8% year-over-year decline in revenue from federal clients in Q3 2025. Management also noted that revenue fell short of expectations due to a slower-than-anticipated ramp-up of international contracts, particularly with the U.K. ICF anticipates these federal business challenges to continue through 2026.
3. Balancing Effect of Significant New Contract Awards
Despite the financial headwinds, ICF secured several notable contracts during this period, which likely provided a floor for the stock price. These included a $300 million digital modernization contract for the state of Maryland in December 2025, $300 million in new European contracts in January 2026, a $64 million data modernization contract for Pennsylvania in January 2026, and a $21 million contract for a California infrastructure project in February 2026. These contract wins helped to offset negative sentiment from the earnings miss and federal sector declines.
4. Mixed Analyst Sentiment and Unmet Price Targets
While Wall Street analysts generally maintained a "Moderate Buy" or "Buy" consensus rating for ICFI, their average 12-month price targets, ranging from $102.33 to $108.75, indicated a potential upside that did not fully translate into stock price appreciation. Some analysts also maintained "Hold" ratings, suggesting a degree of caution. This divergence between analyst targets and the actual stock price, which was around $87.17 on February 10, 2026, implies that while there was underlying optimism, it was counterbalanced by the aforementioned operational challenges, leading to the stock trading largely sideways.
Updated on 2/11/2026 Show more
Stock Movement Drivers
Fundamental Drivers
The -1.4% change in ICFI stock from 10/31/2025 to 2/21/2026 was primarily driven by a -1.4% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 80.15 | 79.01 | -1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,926 | 1,926 | 0.0% |
| Net Income Margin (%) | 5.1% | 5.1% | 0.0% |
| P/E Multiple | 14.9 | 14.7 | -1.4% |
| Shares Outstanding (Mil) | 18 | 18 | 0.0% |
| Cumulative Contribution | -1.4% |
Market Drivers
10/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| ICFI | -1.4% | |
| Market (SPY) | 1.1% | 24.9% |
| Sector (XLI) | 14.3% | 25.9% |
Fundamental Drivers
The -5.5% change in ICFI stock from 7/31/2025 to 2/21/2026 was primarily driven by a -5.8% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.63 | 79.01 | -5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,013 | 1,926 | -4.3% |
| Net Income Margin (%) | 5.4% | 5.1% | -5.8% |
| P/E Multiple | 14.1 | 14.7 | 4.4% |
| Shares Outstanding (Mil) | 19 | 18 | 0.4% |
| Cumulative Contribution | -5.5% |
Market Drivers
7/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| ICFI | -5.5% | |
| Market (SPY) | 9.4% | 19.9% |
| Sector (XLI) | 17.1% | 25.3% |
Fundamental Drivers
The -31.9% change in ICFI stock from 1/31/2025 to 2/21/2026 was primarily driven by a -27.0% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 115.96 | 79.01 | -31.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,002 | 1,926 | -3.8% |
| Net Income Margin (%) | 5.4% | 5.1% | -4.6% |
| P/E Multiple | 20.2 | 14.7 | -27.0% |
| Shares Outstanding (Mil) | 19 | 18 | 1.8% |
| Cumulative Contribution | -31.9% |
Market Drivers
1/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| ICFI | -31.9% | |
| Market (SPY) | 15.6% | 14.1% |
| Sector (XLI) | 29.4% | 18.4% |
Fundamental Drivers
The -21.5% change in ICFI stock from 1/31/2023 to 2/21/2026 was primarily driven by a -47.6% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 100.69 | 79.01 | -21.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,692 | 1,926 | 13.8% |
| Net Income Margin (%) | 4.0% | 5.1% | 28.8% |
| P/E Multiple | 28.1 | 14.7 | -47.6% |
| Shares Outstanding (Mil) | 19 | 18 | 2.1% |
| Cumulative Contribution | -21.5% |
Market Drivers
1/31/2023 to 2/21/2026| Return | Correlation | |
|---|---|---|
| ICFI | -21.5% | |
| Market (SPY) | 75.9% | 21.4% |
| Sector (XLI) | 81.6% | 28.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ICFI Return | 39% | -3% | 36% | -11% | -28% | -8% | 9% |
| Peers Return | 6% | 16% | 13% | 14% | 0% | 1% | 61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| ICFI Win Rate | 75% | 50% | 58% | 50% | 33% | 50% | |
| Peers Win Rate | 58% | 58% | 58% | 67% | 52% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ICFI Max Drawdown | -2% | -17% | -3% | -12% | -36% | -11% | |
| Peers Max Drawdown | -12% | -13% | -14% | -4% | -24% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BAH, LDOS, CACI, SAIC, TTEK. See ICFI 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 2/20/2026 (YTD)
How Low Can It Go
| Event | ICFI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -21.1% | -25.4% |
| % Gain to Breakeven | 26.8% | 34.1% |
| Time to Breakeven | 169 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.8% | -33.9% |
| % Gain to Breakeven | 84.6% | 51.3% |
| Time to Breakeven | 413 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.9% | -19.8% |
| % Gain to Breakeven | 36.8% | 24.7% |
| Time to Breakeven | 178 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -56.2% | -56.8% |
| % Gain to Breakeven | 128.5% | 131.3% |
| Time to Breakeven | 1,836 days | 1,480 days |
Compare to BAH, LDOS, CACI, SAIC, TTEK
In The Past
ICF International's stock fell -21.1% during the 2022 Inflation Shock from a high on 11/23/2021. A -21.1% loss requires a 26.8% gain to breakeven.
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About ICF International (ICFI)
AI Analysis | Feedback
Analogy 1: "Accenture for government and public sector projects."
Analogy 2: "Similar to Deloitte Consulting, but with a strong specialization in areas like energy, environment, and social programs for government clients."
Analogy 3: "Booz Allen Hamilton for a wider array of government and commercial clients beyond defense and intelligence."
AI Analysis | Feedback
- Advisory and Consulting Services: ICF provides expert strategic guidance and specialized consulting across various sectors, helping clients navigate complex challenges and make informed decisions.
- Digital Transformation and Technology Solutions: The company designs, develops, and implements advanced technology solutions, including IT modernization, cloud services, cybersecurity, and data management, to drive digital innovation.
- Program Management and Implementation: ICF manages and executes large-scale government and commercial programs, ensuring efficient delivery of projects, policy implementation, and operational support.
- Analytics and Data Science: ICF leverages data analytics, advanced modeling, and research to provide clients with actionable insights, evaluate program effectiveness, and support evidence-based decision-making.
- Strategic Communications and Marketing: The company develops and executes integrated communication and marketing strategies, including public engagement, behavior change campaigns, and brand management, to reach target audiences and achieve client objectives.
AI Analysis | Feedback
ICF International (ICFI) primarily provides consulting and technology services to other organizations, rather than directly to individuals. Its major customers are predominantly government entities and other businesses/organizations. As such, the company sells primarily to other companies/organizations.
The major customers of ICF International include:
-
U.S. Federal Government
This is ICF's largest customer, accounting for approximately 49% of its gross revenues in 2023. ICF serves a broad range of federal agencies, including but not limited to:
- U.S. Environmental Protection Agency (EPA)
- U.S. Department of Energy (DOE)
- U.S. Department of Health and Human Services (HHS)
- U.S. Department of Homeland Security (DHS)
- U.S. Department of Transportation (DOT)
- U.S. Department of Justice (DOJ)
(These are U.S. government agencies and do not have public company symbols.)
-
State and Local Government Agencies
ICF partners with numerous state and local government bodies across various sectors within the U.S.
(These are government agencies and do not have public company symbols.)
-
Commercial Companies (primarily large utility companies)
This segment includes a diverse set of private sector clients, with large utility companies being typical major commercial customers. While ICF has many commercial clients, no single commercial client accounted for more than 10% of its gross revenues in 2023. Therefore, specific names of major commercial customer companies that are publicly traded with symbols are not individually disclosed by ICF in its public filings, as no single commercial client constitutes a major portion of their revenue requiring specific identification.
(Specific publicly traded customer companies with symbols are not identified by ICF for this category.)
-
Multilateral Organizations
ICF also provides services to international bodies such as the European Commission and the World Bank.
(These are international organizations and do not have public company symbols.)
AI Analysis | Feedback
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John Wasson, Chair and CEO
John Wasson joined ICF in 1987 as an associate and has spent his entire 36-year career at the company. He was appointed CEO on October 1, 2019, and became board chair in 2020. Prior to his current role, he served as Chief Operating Officer and President. Wasson has led ICF through a period of significant growth, including a series of acquisitions, resulting in the company doubling in size every five years over the past two decades.
Barry Broadus, Chief Financial Officer
Barry Broadus joined ICF as Chief Financial Officer in February 2022. He brings over 35 years of financial, executive, and management experience, with more than 25 years in the U.S. federal government services sector. Before joining ICF, Broadus served as CFO for Dovel Technologies from 2019 to 2021, where he was part of the executive team that led the company's growth and subsequent sale to Guidehouse in October 2021. He also held CFO positions at SRI International, Constellis, and Alion Science and Technology, and senior financial roles at SAIC and EDS.
James Morgan, Chief Operating Officer
James Morgan has served as ICF's Chief Operating Officer since 2022. Prior to this, he was the company's Chief Financial Officer for eight years, from 2012 to 2020. Before joining ICF in 2012, Morgan was Executive Vice President and CFO of Serco, Inc. He also spent 18 years at Science Applications International Corporation (SAIC), where he held roles including Senior Vice President and Business Transformation Officer, and Senior Financial Officer for operational finance.
Jennifer Welham, Senior Vice President, Health, People, and Human Services
Jennifer Welham joined ICF in July 1990 as a research assistant and has been with the company for over 35 years. She currently leads ICF's health, people, and human services business, providing advisory, implementation, and evaluation services for U.S. federal health, organizational, and social programs. Welham previously led the environmental risk and toxicology business unit, which experienced significant growth under her leadership.
Sudhakar Kesavan, Executive Chairman
Sudhakar Kesavan joined ICF as an associate in 1983 and served as the company's Chairman and CEO from 1999 to 2020. In 1999, he led a leveraged buyout of the ICF Consulting Group division from Kaiser Engineers, establishing ICF as an independent firm. Under his leadership, ICF significantly expanded its annual revenue from $100 million to $1.5 billion and grew its team from 550 to 7,000 employees. He now serves as Executive Chairman, contributing to the company's strategy and mentoring new leaders.
AI Analysis | Feedback
The key risks to ICF International's (ICFI) business are primarily rooted in its significant reliance on government contracts, intense market competition, and the evolving landscape of technology and automation.
- Dependence on Government Contracts: ICF International is highly dependent on contracts with government agencies, particularly the U.S. federal government, which accounts for a substantial portion of its revenue. This reliance exposes the company to significant risks associated with fluctuations in government spending, budget cuts, policy shifts, and political uncertainties. Any widespread reductions in federal spending could lead to a significant decline in ICF's revenues.
- Highly Competitive Market: The professional services and technology solutions market in which ICF operates is highly competitive. The company faces competition from both established players and new entrants, which can result in price competition, reduced profit margins, and a potential loss of market share if not strategically managed.
- Impact of Automation and Digital Competition: The rise of automation and digital competitors poses a risk to ICF's traditional advisory strength. These technological advancements can erode market position, limit the company's ability to adapt to evolving client needs, compress margins, and potentially weaken long-term earnings growth.
AI Analysis | Feedback
The rapid advancements in artificial intelligence (AI) and automation tools pose an emerging threat to traditional consulting models. These technologies can significantly automate tasks such as data analysis, research, report generation, and even some strategic planning, potentially reducing the need for human consultants in certain areas and putting downward pressure on billing rates. Firms that do not rapidly adopt and integrate these AI capabilities into their service delivery may find themselves outcompeted by more technologically agile firms offering faster, cheaper, and more data-driven solutions, fundamentally altering the competitive landscape for companies like ICF International.
AI Analysis | Feedback
For ICF International (ICFI), the addressable market size for their IT modernization and digital transformation services within the U.S. federal government is estimated to reach $94.7 billion by 2027. This market is projected to grow at a compound annual growth rate (CAGR) of 8.6%. Within this larger market, ICF anticipates even faster growth for its key segments of consulting and application services, with projected CAGRs of 14% and 9.2%, respectively.
AI Analysis | Feedback
ICF International (ICFI) Expected Drivers of Future Revenue Growth
Over the next 2-3 years, ICF International (NASDAQ: ICFI) is expected to drive revenue growth primarily through its robust commercial energy market, expansion in state and local government contracts, and the ramp-up of its international business. Strategic acquisitions and the introduction of new technology solutions, including AI, are also anticipated to contribute. Here are the key drivers: * Strong Demand in Commercial Energy Sector: ICF is experiencing consistent and robust demand from commercial clients for its energy and environment expertise, particularly in areas such as energy efficiency programs, grid resilience, electrification, decarbonization, and flexible load management. This segment was a significant contributor to revenue growth in 2024 and is expected to continue its strong performance, driven by regulation and the ongoing energy transition. The company's work with utility clients, addressing increased electricity demand from sources like data centers, highlights this growth area. * Growth in State and Local Government Engagements: While federal government revenue has faced headwinds, ICF has seen growth in its state and local government client base. This diversification outside of the federal sector is a deliberate strategy to offset uncertainties and leverage increasing spending priorities at the state and local levels. * International Market Expansion: ICF is actively growing its international government revenue, notably with new contract wins, especially with the UK government. This expansion is expected to continue contributing to overall revenue as these contracts ramp up. * IT Modernization and Digital Transformation: ICF's capabilities in IT modernization and digital transformation are key offerings across its client base. Demand for these services, particularly in areas like public health and digital transformation, supports high-margin contract wins and revenue stability. * Strategic Acquisitions and AI Solutions: Recent acquisitions, such as Applied Energy Group (AEG) in late 2024, are aimed at expanding ICF's capabilities in energy technology and advisory services for utility and state and local government clients, offering substantial growth prospects for 2025. Additionally, the launch of new AI solutions, such as ICF Fathom for federal agencies, presents a potential new revenue stream that could enhance profit margins and scale the company's offerings if it gains traction.AI Analysis | Feedback
Share Repurchases
- On November 14, 2024, ICF International's Board of Directors approved an additional $100 million for its share repurchase program, raising the total authorization to $300 million, with no expiration date.
- As of September 30, 2024, approximately $67 million remained under the previously authorized share repurchase program.
- From mid-November 2024 to February 27, 2025, the company repurchased approximately 395,000 shares for $48 million.
Share Issuance
- In 2023, 45,141 shares granted in 2020 through Performance Share Awards (PSAs) vested.
- As of December 31, 2023, an additional 69,650 shares granted in 2021 and 2022 are expected to vest in the future based on performance goals.
Outbound Investments
- In 2023, ICF acquired CMY Solutions for $32.6 million, enhancing its engineering solutions and automation capabilities for utility and commercial clients.
- In 2022, the company completed two acquisitions: SemanticBits for $216 million to strengthen digital modernization solutions and Blanton & Associates for $22.9 million for environmental compliance and permitting expertise.
- In 2021, ICF acquired Creative Systems for $157 million, focusing on digital modernization, and ESAC for $17.3 million, which specializes in analytics and research data management for federal health agencies.
Capital Expenditures
- Full-year capital expenditures were $21.4 million in 2024, a slight decrease from $22.3 million in 2023.
- The company's capital deployment strategy emphasizes investments in organic growth.
Latest Trefis Analyses
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| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -13.3% |
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| 02282025 | ICFI | ICF International | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 24.3% | -2.2% | -4.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 84.46 |
| Mkt Cap | 9.4 |
| Rev LTM | 8,164 |
| Op Inc LTM | 711 |
| FCF LTM | 566 |
| FCF 3Y Avg | 440 |
| CFO LTM | 614 |
| CFO 3Y Avg | 489 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.7% |
| Rev Chg 3Y Avg | 7.6% |
| Rev Chg Q | -7.8% |
| QoQ Delta Rev Chg LTM | -2.0% |
| Op Mgn LTM | 9.2% |
| Op Mgn 3Y Avg | 9.0% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 8.5% |
| CFO/Rev 3Y Avg | 7.4% |
| FCF/Rev LTM | 7.5% |
| FCF/Rev 3Y Avg | 6.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.4 |
| P/S | 1.1 |
| P/EBIT | 10.2 |
| P/E | 15.3 |
| P/CFO | 12.0 |
| Total Yield | 7.4% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.1% |
| 3M Rtn | -0.4% |
| 6M Rtn | -12.5% |
| 12M Rtn | 7.7% |
| 3Y Rtn | 10.4% |
| 1M Excs Rtn | -14.0% |
| 3M Excs Rtn | -4.2% |
| 6M Excs Rtn | -19.1% |
| 12M Excs Rtn | -8.4% |
| 3Y Excs Rtn | -60.3% |
Price Behavior
| Market Price | $79.01 | |
| Market Cap ($ Bil) | 1.5 | |
| First Trading Date | 09/28/2006 | |
| Distance from 52W High | -22.5% | |
| 50 Days | 200 Days | |
| DMA Price | $88.17 | $88.02 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -10.4% | -10.2% |
| 3M | 1YR | |
| Volatility | 38.6% | 39.1% |
| Downside Capture | 173.98 | 61.08 |
| Upside Capture | 137.81 | 28.34 |
| Correlation (SPY) | 29.4% | 14.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.89 | 1.23 | 0.68 | 0.68 | 0.27 | 0.44 |
| Up Beta | 1.20 | -0.55 | 0.31 | 0.79 | 0.41 | 0.49 |
| Down Beta | 1.46 | 1.48 | 0.60 | 0.51 | -0.05 | 0.27 |
| Up Capture | 125% | 248% | 129% | 65% | 12% | 15% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 20 | 30 | 66 | 126 | 386 |
| Down Capture | -71% | 53% | 43% | 79% | 61% | 80% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 20 | 30 | 58 | 124 | 364 |
[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 ICFI | |
|---|---|---|---|---|
| ICFI | -22.0% | 39.0% | -0.54 | - |
| Sector ETF (XLI) | 29.2% | 19.2% | 1.20 | 18.8% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 14.5% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | 3.8% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 6.9% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 20.2% |
| Bitcoin (BTCUSD) | -29.7% | 44.9% | -0.65 | 20.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ICFI | |
|---|---|---|---|---|
| ICFI | -0.4% | 29.8% | 0.02 | - |
| Sector ETF (XLI) | 16.1% | 17.2% | 0.76 | 38.0% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 31.5% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | 3.0% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 7.2% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 32.5% |
| Bitcoin (BTCUSD) | 7.4% | 57.1% | 0.35 | 13.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ICFI | |
|---|---|---|---|---|
| ICFI | 9.8% | 31.2% | 0.37 | - |
| Sector ETF (XLI) | 15.8% | 19.8% | 0.70 | 45.7% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 40.4% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | -1.1% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 16.4% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 40.0% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 12.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/15/2026 | -0.3% | 0.2% | -21.6% |
| 9/17/2025 | 1.2% | -1.8% | -10.4% |
| 6/17/2025 | -0.7% | -1.2% | -2.0% |
| 3/31/2025 | -0.7% | -3.7% | -0.0% |
| 1/14/2025 | 0.1% | 2.9% | -14.9% |
| 10/31/2024 | -0.5% | 0.1% | -19.8% |
| 8/1/2024 | 9.9% | 8.1% | 13.5% |
| 5/2/2024 | 1.6% | 5.3% | -0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 18 | 11 |
| # Negative | 10 | 7 | 14 |
| Median Positive | 1.2% | 3.3% | 4.9% |
| Median Negative | -0.4% | -1.8% | -2.5% |
| Max Positive | 9.9% | 9.6% | 13.5% |
| Max Negative | -5.0% | -17.4% | -21.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mehl, Randall | Direct | Buy | 11172025 | 78.14 | 500 | 39,069 | 1,560,736 | Form | |
| 2 | Mehl, Randall | Direct | Buy | 11172025 | 77.00 | 500 | 38,500 | 1,576,498 | Form | |
| 3 | Morgan, James C M | Chief Operating Officer | Direct | Sell | 10062025 | 95.19 | 2,400 | 228,466 | 3,779,594 | Form |
| 4 | Morgan, James C M | Chief Operating Officer | Direct | Sell | 9292025 | 95.00 | 100 | 9,500 | 3,999,880 | Form |
| 5 | Mehl, Randall | Direct | Buy | 6102025 | 84.40 | 2,000 | 168,800 | 1,498,438 | Form |
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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