Gross Margin % is calculated as gross profit divided by its revenue. ICF International's Gross Profit for the
three
months ended in Dec. 2023 was $175 Mil. ICF International's Revenue for the
three
months ended in Dec. 2023 was $478 Mil. Therefore, ICF International's Gross Margin % for the quarter that ended in Dec. 2023 was 36.54%.
The historical rank and industry rank for ICF International's Gross Margin % or its related term are showing as below:
ICFI'
s Gross Margin % Range Over the Past 10 Years
Min: 35.47 Med: 36.6 Max: 38.67
Current: 35.57
During the past 13 years, the highestGross Margin % of ICF International was 38.67%. The lowest was 35.47%. And the median was 36.60%.
ICFI's Gross Margin % is ranked better than 51.01% of 992
companies
in the Business Services industry
Industry Median: 34.725
vs ICFI: 35.57
ICF International had a gross margin of 36.54% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for ICF International was 0.20% per year.
ICF International Gross Margin % Historical Data
The historical data trend for ICF International's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of ICF International's Gross Margin %
For the Consulting Services subindustry, ICF International's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ICF International's Gross Margin % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, ICF International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ICF International's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
ICF International (NAS:ICFI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
ICF International had a gross margin of 36.54% for the quarter that ended in Dec. 2023 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
ICF International Gross Margin % Related Terms
Thank you for viewing the detailed overview of ICF International's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
ICF International (ICF International) Business Description
ICF International Inc provides professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting and implementation services. Its services primarily support clients that operate in four key markets that include Energy, Environment, and Infrastructure, Health, Education, and Social Programs, Safety and Security and Consumer and Financial. The Company's major clients are United States federal government departments and agencies.
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