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Side-by-side financial comparison of ICF International, Inc. (ICFI) and OSI SYSTEMS INC (OSIS). Click either name above to swap in a different company.

OSI SYSTEMS INC is the larger business by last-quarter revenue ($464.1M vs $443.7M, roughly 1.0× ICF International, Inc.). OSI SYSTEMS INC runs the higher net margin — 8.3% vs 3.9%, a 4.4% gap on every dollar of revenue. On growth, OSI SYSTEMS INC posted the faster year-over-year revenue change (10.5% vs -10.6%). ICF International, Inc. produced more free cash flow last quarter ($68.7M vs $55.5M). Over the past eight quarters, OSI SYSTEMS INC's revenue compounded faster (7.0% CAGR vs -5.3%).

ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.

OSI Systems, Inc. is an American company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring and anesthesia systems, and optoelectronic devices. As of June 2010, the company employs approximately 3,180 personnel globally and includes subsidiary companies Spacelabs Healthcare, Rapiscan Systems and OSI Optoelectronics.

ICFI vs OSIS — Head-to-Head

Bigger by revenue
OSIS
OSIS
1.0× larger
OSIS
$464.1M
$443.7M
ICFI
Growing faster (revenue YoY)
OSIS
OSIS
+21.1% gap
OSIS
10.5%
-10.6%
ICFI
Higher net margin
OSIS
OSIS
4.4% more per $
OSIS
8.3%
3.9%
ICFI
More free cash flow
ICFI
ICFI
$13.2M more FCF
ICFI
$68.7M
$55.5M
OSIS
Faster 2-yr revenue CAGR
OSIS
OSIS
Annualised
OSIS
7.0%
-5.3%
ICFI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ICFI
ICFI
OSIS
OSIS
Revenue
$443.7M
$464.1M
Net Profit
$17.3M
$38.7M
Gross Margin
35.7%
32.7%
Operating Margin
6.5%
12.7%
Net Margin
3.9%
8.3%
Revenue YoY
-10.6%
10.5%
Net Profit YoY
-29.5%
2.3%
EPS (diluted)
$0.95
$2.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ICFI
ICFI
OSIS
OSIS
Q4 25
$443.7M
$464.1M
Q3 25
$465.4M
$384.6M
Q2 25
$476.2M
$505.0M
Q1 25
$487.6M
$444.4M
Q4 24
$496.3M
$419.8M
Q3 24
$517.0M
$344.0M
Q2 24
$512.0M
$480.9M
Q1 24
$494.4M
$405.4M
Net Profit
ICFI
ICFI
OSIS
OSIS
Q4 25
$17.3M
$38.7M
Q3 25
$23.8M
$20.6M
Q2 25
$23.7M
$52.7M
Q1 25
$26.9M
$41.1M
Q4 24
$24.6M
$37.8M
Q3 24
$32.7M
$17.9M
Q2 24
$25.6M
$44.7M
Q1 24
$27.3M
$34.0M
Gross Margin
ICFI
ICFI
OSIS
OSIS
Q4 25
35.7%
32.7%
Q3 25
37.6%
32.0%
Q2 25
37.3%
33.3%
Q1 25
38.0%
33.8%
Q4 24
36.1%
35.1%
Q3 24
37.1%
35.3%
Q2 24
35.7%
32.1%
Q1 24
37.2%
33.6%
Operating Margin
ICFI
ICFI
OSIS
OSIS
Q4 25
6.5%
12.7%
Q3 25
8.3%
8.6%
Q2 25
8.4%
14.5%
Q1 25
7.9%
12.7%
Q4 24
7.3%
13.8%
Q3 24
8.9%
8.8%
Q2 24
8.3%
13.1%
Q1 24
8.3%
12.7%
Net Margin
ICFI
ICFI
OSIS
OSIS
Q4 25
3.9%
8.3%
Q3 25
5.1%
5.3%
Q2 25
5.0%
10.4%
Q1 25
5.5%
9.3%
Q4 24
4.9%
9.0%
Q3 24
6.3%
5.2%
Q2 24
5.0%
9.3%
Q1 24
5.5%
8.4%
EPS (diluted)
ICFI
ICFI
OSIS
OSIS
Q4 25
$0.95
$2.22
Q3 25
$1.28
$1.18
Q2 25
$1.28
$3.04
Q1 25
$1.44
$2.40
Q4 24
$1.29
$2.22
Q3 24
$1.73
$1.05
Q2 24
$1.36
$2.57
Q1 24
$1.44
$1.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ICFI
ICFI
OSIS
OSIS
Cash + ST InvestmentsLiquidity on hand
$5.3M
$336.7M
Total DebtLower is stronger
$401.4M
$1.0B
Stockholders' EquityBook value
$1.0B
$845.5M
Total Assets
$2.1B
$2.5B
Debt / EquityLower = less leverage
0.39×
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICFI
ICFI
OSIS
OSIS
Q4 25
$5.3M
$336.7M
Q3 25
$4.0M
$124.4M
Q2 25
$7.0M
$106.4M
Q1 25
$5.7M
$95.8M
Q4 24
$5.0M
$101.6M
Q3 24
$6.9M
$85.1M
Q2 24
$4.1M
$95.4M
Q1 24
$3.7M
$101.4M
Total Debt
ICFI
ICFI
OSIS
OSIS
Q4 25
$401.4M
$1.0B
Q3 25
$449.4M
$442.2M
Q2 25
$462.3M
$471.6M
Q1 25
$502.0M
$473.2M
Q4 24
$411.7M
$474.8M
Q3 24
$419.1M
$476.3M
Q2 24
$433.9M
$137.6M
Q1 24
$474.7M
Stockholders' Equity
ICFI
ICFI
OSIS
OSIS
Q4 25
$1.0B
$845.5M
Q3 25
$1.0B
$946.0M
Q2 25
$1.0B
$951.1M
Q1 25
$968.9M
$879.3M
Q4 24
$982.5M
$825.8M
Q3 24
$976.3M
$786.5M
Q2 24
$943.3M
$863.5M
Q1 24
$916.1M
$813.4M
Total Assets
ICFI
ICFI
OSIS
OSIS
Q4 25
$2.1B
$2.5B
Q3 25
$2.1B
$2.3B
Q2 25
$2.1B
$2.2B
Q1 25
$2.1B
$2.1B
Q4 24
$2.1B
$2.1B
Q3 24
$2.0B
$2.1B
Q2 24
$2.0B
$1.9B
Q1 24
$2.0B
$1.8B
Debt / Equity
ICFI
ICFI
OSIS
OSIS
Q4 25
0.39×
1.19×
Q3 25
0.44×
0.47×
Q2 25
0.46×
0.50×
Q1 25
0.52×
0.54×
Q4 24
0.42×
0.57×
Q3 24
0.43×
0.61×
Q2 24
0.46×
0.16×
Q1 24
0.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ICFI
ICFI
OSIS
OSIS
Operating Cash FlowLast quarter
$75.6M
$62.2M
Free Cash FlowOCF − Capex
$68.7M
$55.5M
FCF MarginFCF / Revenue
15.5%
12.0%
Capex IntensityCapex / Revenue
1.6%
1.4%
Cash ConversionOCF / Net Profit
4.37×
1.61×
TTM Free Cash FlowTrailing 4 quarters
$120.2M
$137.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICFI
ICFI
OSIS
OSIS
Q4 25
$75.6M
$62.2M
Q3 25
$47.3M
$17.1M
Q2 25
$52.0M
$562.0K
Q1 25
$-33.0M
$81.6M
Q4 24
$95.4M
$52.5M
Q3 24
$25.5M
$-37.2M
Q2 24
$60.6M
$-29.0M
Q1 24
$-10.0M
$-52.1M
Free Cash Flow
ICFI
ICFI
OSIS
OSIS
Q4 25
$68.7M
$55.5M
Q3 25
$41.8M
$10.1M
Q2 25
$46.2M
$-5.6M
Q1 25
$-36.5M
$77.1M
Q4 24
$89.5M
$47.1M
Q3 24
$20.4M
$-44.9M
Q2 24
$55.5M
$-37.5M
Q1 24
$-15.2M
$-57.0M
FCF Margin
ICFI
ICFI
OSIS
OSIS
Q4 25
15.5%
12.0%
Q3 25
9.0%
2.6%
Q2 25
9.7%
-1.1%
Q1 25
-7.5%
17.4%
Q4 24
18.0%
11.2%
Q3 24
3.9%
-13.0%
Q2 24
10.8%
-7.8%
Q1 24
-3.1%
-14.1%
Capex Intensity
ICFI
ICFI
OSIS
OSIS
Q4 25
1.6%
1.4%
Q3 25
1.2%
1.8%
Q2 25
1.2%
1.2%
Q1 25
0.7%
1.0%
Q4 24
1.2%
1.3%
Q3 24
1.0%
2.2%
Q2 24
1.0%
1.8%
Q1 24
1.1%
1.2%
Cash Conversion
ICFI
ICFI
OSIS
OSIS
Q4 25
4.37×
1.61×
Q3 25
1.99×
0.83×
Q2 25
2.20×
0.01×
Q1 25
-1.23×
1.98×
Q4 24
3.88×
1.39×
Q3 24
0.78×
-2.07×
Q2 24
2.37×
-0.65×
Q1 24
-0.37×
-1.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ICFI
ICFI

US Federal Government$166.7M38%
Commercial$164.4M37%
US State And Local Government$78.7M18%
International Government$33.8M8%

OSIS
OSIS

Security Division$334.7M72%
Optoelectronics And Manufacturing Division$92.8M20%
Healthcare Division$36.5M8%

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