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ICF International Operating Income

: $110 Mil (TTM As of Jun. 2021)
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ICF International's Operating Income for the three months ended in Jun. 2021 was $32 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 was $110 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ICF International's Operating Income for the three months ended in Jun. 2021 was $32 Mil. ICF International's Revenue for the three months ended in Jun. 2021 was $393 Mil. Therefore, ICF International's Operating Margin % for the quarter that ended in Jun. 2021 was 8.14%.

Warning Sign:

ICF International Inc operating margin has been in 5-year decline. The average rate of decline per year is -1.7%.

ICF International's 5-Year average Growth Rate for Operating Margin % was -1.70% per year.

Operating Income or EBIT 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 Jun. 2021 was 6.55%. ICF International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 74.12%.


ICF International Operating Income Historical Data

The historical data trend for ICF International's Operating Income 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 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Operating Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 82.79 82.42 92.27 101.39 89.11

ICF International Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Operating Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.78 28.25 21.76 28.13 31.95

ICF International Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $110 Mil.

* 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.


ICF International  (NAS:ICFI) Operating Income Explanation

1. Operating Income or EBIT 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 Jun. 2021 is calculated as:

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2021 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=127.816 * ( 1 - 30.67% )/( (1321.309 + 1384.128)/ 2 )
=88.6148328/1352.7185
=6.55 %

where

Invested Capital(Q: Mar. 2021 )
=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))
=1630.759 - 300.858 - ( 8.592 - max(0, 383.328 - 451.384+8.592))
=1321.309

Invested Capital(Q: Jun. 2021 )
=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))
=1632.789 - 239.058 - ( 9.603 - max(0, 366.926 - 463.363+9.603))
=1384.128

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

ICF International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=127.632/( ( (179.544 + max(-65.81, 0)) + (164.838 + max(-27.145, 0)) )/ 2 )
=127.632/( ( 179.544 + 164.838 )/ 2 )
=127.632/172.191
=74.12 %

where Working Capital is:

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(214.291 + 0 + 64.346) - (300.858 + 43.589 + -5.6843418860808E-14)
=-65.81

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(242.562 + 0 + 52.091) - (239.058 + 35.7 + 47.04)
=-27.145

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

3. Operating Income is also linked to Operating Margin %:

ICF International's Operating Margin % for the quarter that ended in Jun. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2021 )/Revenue (Q: Jun. 2021 )
=31.954/392.525
=8.14 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


ICF International Operating Income Related Terms

Thank you for viewing the detailed overview of ICF International's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


ICF International Business Description

ICF International logo
Industry
Industrials » Business Services NAICS : 541611 SIC : 8742
Traded in Other Exchanges
Address
9300 Lee Highway, Fairfax, VA, USA, 22031
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
Crouther Marilyn C director 9300 LEE HIGHWAY FAIRFAX VA 22031
Terreri Donald J officer: VP & Principal Acct. Officer 9300 LEE HIGHWAY FAIRFAX VA 22031
Kesavan Sudhakar director, officer: Executive Chairman ICF INTERNATIONAL, INC. 9300 LEE HIGHWAY FAIRFAX VA 22031
Van Handel Michael J director 5301 NORTH IRONWOOD ROAD MILWAUKEE WI 53217
Grise Cheryl W director NORTHEAST UTILITIES 107 SELDEN STREET BERLIN CT 06037
Datar Srikant M. director ICF INTERNATIONAL, INC. 9300 LEE HIGHWAY FAIRFAX VA 22031
Schulte Peter M director 900 THIRD AVENUE 33RD FLOOR NEW YORK NY 10022-4775
Mehl Randall director 8620 N DEAN CIR RIVER HILLS WI 53217
Wasson John director, officer: CEO & President ICF INTERNATIONAL, INC. 9300 LEE HIGHWAY FAIRFAX VA 22031
Golinvaux Theresa D officer: SVP & Principal Acct. Officer 9300 LEE HIGHWAY FAIRFAX VA 20131
Morgan James C M officer: Chief of Business Operations 9300 LEE HIGHWAY FAIRFAX VA 22031
Ostria Sergio J officer: Executive Vice President 9300 LEE HIGHWAY FAIRFAX VA 22031
Welsh Bettina Garcia officer: Chief Financial Officer 9300 LEE HIGHWAY FAIRFAX VA 22031
Taylor Richard Dewayne officer: SVP & Principal Acct. Officer 9300 LEE HIGHWAY FAIRFAX VA 22031
Glover Ellen officer: Executive Vice President ICF INTERNATIONAL, INC. 9300 LEE HIGHWAY FAIRFAX VA 22031

ICF International Headlines

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