ICF International (NAS:ICFI) EBIT

: $107 Mil (TTM As of Dec. 2022)

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ICF International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $107 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ICF International's annualized ROC % for the quarter that ended in Dec. 2022 was 3.77%. ICF International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 34.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ICF International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 3.90%.

ICF International EBIT Historical Data

The historical data trend for ICF International's EBIT 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.

* Premium members only.

ICF International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

91.54

100.89

88.39

110.07

107.26

ICF International Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT																18.11	27.33	29.87	29.12	20.93

ICF International EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $107 Mil.

ICF International (NAS:ICFI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ICF International's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	92.196 * ( 1 - 25.54% )	/	( (1875.86	+	1769.803)	/ 2 )
=	68.6491416	/	1822.8315
=	3.77 %

where

	Invested Capital		(Q: Sep. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2157.76	-	273.417	-	( 8.483	-	max(0, 371.99	-	532.149	+	8.483	))
=	1875.86

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2092.258	-	311.198	-	( 11.257	-	max(0, 415.992	-	466.718	+	11.257	))
=	1769.803

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

ICF International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	83.728	/	( ( (248.733 + max(-11.876, 0))	+	(234.468 + max(-96.299, 0)) )	/	2 )
=	83.728	/	( ( 248.733	+	234.468 )	/	2 )
=	83.728	/	241.6005
=	34.66 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(282.271	+	0	+	32.605)	-	(273.417	+	24.599	+	28.736)
=	-11.876

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(232.337	+	0	+	42.42)	-	(311.198	+	25.773	+	34.085)
=	-96.299

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

ICF International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	107.261	/	2751.675
	=	3.90 %

ICF International EBIT Related Terms

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ICF International (NAS:ICFI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

G6V:Germany

Address

9300 Lee Highway, Fairfax, VA, USA, 22031

Website

https://www.icf.com

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.

Executives

Anne F Choate	officer: Executive Vice President	9300 LEE HIGHWAY, FAIRFAX VA 22031
Barry M Broadus	officer: Chief Financial Officer	9300 LEE HIGHWAY, FAIRFAX VA 22031
Michelle A Williams	director	9300 LEE HIGHWAY, FAIRFAX VA 22031
Lee Rodney Mark Jr.	officer: Executive Vice President	9300 LEE HIGHWAY, FAIRFAX VA 22031
Scott B Salmirs	director	551 FIFTH AVE, SUITE 300, NEW YORK NY 10176
Donald J Terreri	officer: VP & Principal Acct. Officer	9300 LEE HIGHWAY, FAIRFAX VA 22031
Marilyn C Crouther	director	9300 LEE HIGHWAY, FAIRFAX VA 22031
Bettina Garcia Welsh	officer: Chief Financial Officer	9300 LEE HIGHWAY, FAIRFAX VA 22031
Theresa D Golinvaux	officer: SVP & Principal Acct. Officer	9300 LEE HIGHWAY, FAIRFAX VA 20131
Randall Mehl	director	8620 N DEAN CIR, RIVER HILLS WI 53217
Van Handel Michael J	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Sergio J Ostria	officer: Executive Vice President	9300 LEE HIGHWAY, FAIRFAX VA 22031
Phillip Eck	officer: VP & Principal Acct Officer	9300 LEE HIGHWAY, FAIRFAX VA 22031
Richard Dewayne Taylor	officer: SVP & Principal Acct. Officer	9300 LEE HIGHWAY, FAIRFAX VA 22031
Sanjay Gupta	director	2775 SANDERS ROAD, NORTHBROOK IL 60062