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Side-by-side financial comparison of ICF International, Inc. (ICFI) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $443.7M, roughly 1.7× ICF International, Inc.). ICF International, Inc. runs the higher net margin — 3.9% vs 2.2%, a 1.7% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs -10.6%). ICF International, Inc. produced more free cash flow last quarter ($68.7M vs $28.9M). Over the past eight quarters, SCANSOURCE, INC.'s revenue compounded faster (0.9% CAGR vs -5.3%).
ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
ICFI vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $443.7M | $766.5M |
| Net Profit | $17.3M | $16.5M |
| Gross Margin | 35.7% | 13.4% |
| Operating Margin | 6.5% | 2.3% |
| Net Margin | 3.9% | 2.2% |
| Revenue YoY | -10.6% | 2.5% |
| Net Profit YoY | -29.5% | -3.3% |
| EPS (diluted) | $0.95 | $0.75 |
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.
| Q4 25 | $443.7M | $766.5M | ||
| Q3 25 | $465.4M | $739.6M | ||
| Q2 25 | $476.2M | $812.9M | ||
| Q1 25 | $487.6M | $704.8M | ||
| Q4 24 | $496.3M | $747.5M | ||
| Q3 24 | $517.0M | $775.6M | ||
| Q2 24 | $512.0M | $746.1M | ||
| Q1 24 | $494.4M | $752.6M |
| Q4 25 | $17.3M | $16.5M | ||
| Q3 25 | $23.8M | $19.9M | ||
| Q2 25 | $23.7M | $20.1M | ||
| Q1 25 | $26.9M | $17.4M | ||
| Q4 24 | $24.6M | $17.1M | ||
| Q3 24 | $32.7M | $17.0M | ||
| Q2 24 | $25.6M | $16.1M | ||
| Q1 24 | $27.3M | $12.8M |
| Q4 25 | 35.7% | 13.4% | ||
| Q3 25 | 37.6% | 14.5% | ||
| Q2 25 | 37.3% | 12.9% | ||
| Q1 25 | 38.0% | 14.2% | ||
| Q4 24 | 36.1% | 13.6% | ||
| Q3 24 | 37.1% | 13.1% | ||
| Q2 24 | 35.7% | 13.0% | ||
| Q1 24 | 37.2% | 12.6% |
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | 8.3% | 3.5% | ||
| Q2 25 | 8.4% | 3.3% | ||
| Q1 25 | 7.9% | 3.2% | ||
| Q4 24 | 7.3% | 2.5% | ||
| Q3 24 | 8.9% | 2.3% | ||
| Q2 24 | 8.3% | 2.9% | ||
| Q1 24 | 8.3% | 2.3% |
| Q4 25 | 3.9% | 2.2% | ||
| Q3 25 | 5.1% | 2.7% | ||
| Q2 25 | 5.0% | 2.5% | ||
| Q1 25 | 5.5% | 2.5% | ||
| Q4 24 | 4.9% | 2.3% | ||
| Q3 24 | 6.3% | 2.2% | ||
| Q2 24 | 5.0% | 2.2% | ||
| Q1 24 | 5.5% | 1.7% |
| Q4 25 | $0.95 | $0.75 | ||
| Q3 25 | $1.28 | $0.89 | ||
| Q2 25 | $1.28 | $0.87 | ||
| Q1 25 | $1.44 | $0.74 | ||
| Q4 24 | $1.29 | $0.70 | ||
| Q3 24 | $1.73 | $0.69 | ||
| Q2 24 | $1.36 | $0.66 | ||
| Q1 24 | $1.44 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.3M | $83.5M |
| Total DebtLower is stronger | $401.4M | — |
| Stockholders' EquityBook value | $1.0B | $910.9M |
| Total Assets | $2.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $83.5M | ||
| Q3 25 | $4.0M | $124.9M | ||
| Q2 25 | $7.0M | $126.2M | ||
| Q1 25 | $5.7M | $146.3M | ||
| Q4 24 | $5.0M | $110.5M | ||
| Q3 24 | $6.9M | $145.0M | ||
| Q2 24 | $4.1M | $185.5M | ||
| Q1 24 | $3.7M | $159.1M |
| Q4 25 | $401.4M | — | ||
| Q3 25 | $449.4M | — | ||
| Q2 25 | $462.3M | — | ||
| Q1 25 | $502.0M | — | ||
| Q4 24 | $411.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $433.9M | — | ||
| Q1 24 | $474.7M | — |
| Q4 25 | $1.0B | $910.9M | ||
| Q3 25 | $1.0B | $914.0M | ||
| Q2 25 | $1.0B | $906.4M | ||
| Q1 25 | $968.9M | $901.7M | ||
| Q4 24 | $982.5M | $900.7M | ||
| Q3 24 | $976.3M | $920.9M | ||
| Q2 24 | $943.3M | $924.3M | ||
| Q1 24 | $916.1M | $944.1M |
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.0B | $1.8B | ||
| Q1 24 | $2.0B | $1.8B |
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.46× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.6M | $30.8M |
| Free Cash FlowOCF − Capex | $68.7M | $28.9M |
| FCF MarginFCF / Revenue | 15.5% | 3.8% |
| Capex IntensityCapex / Revenue | 1.6% | 0.3% |
| Cash ConversionOCF / Net Profit | 4.37× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $120.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $30.8M | ||
| Q3 25 | $47.3M | $23.2M | ||
| Q2 25 | $52.0M | — | ||
| Q1 25 | $-33.0M | $66.1M | ||
| Q4 24 | $95.4M | $-6.2M | ||
| Q3 24 | $25.5M | $44.8M | ||
| Q2 24 | $60.6M | — | ||
| Q1 24 | $-10.0M | $160.2M |
| Q4 25 | $68.7M | $28.9M | ||
| Q3 25 | $41.8M | $20.8M | ||
| Q2 25 | $46.2M | — | ||
| Q1 25 | $-36.5M | $64.6M | ||
| Q4 24 | $89.5M | $-8.2M | ||
| Q3 24 | $20.4M | $42.5M | ||
| Q2 24 | $55.5M | — | ||
| Q1 24 | $-15.2M | $157.7M |
| Q4 25 | 15.5% | 3.8% | ||
| Q3 25 | 9.0% | 2.8% | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | -7.5% | 9.2% | ||
| Q4 24 | 18.0% | -1.1% | ||
| Q3 24 | 3.9% | 5.5% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | -3.1% | 21.0% |
| Q4 25 | 1.6% | 0.3% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 1.2% | 0.3% | ||
| Q3 24 | 1.0% | 0.3% | ||
| Q2 24 | 1.0% | 0.2% | ||
| Q1 24 | 1.1% | 0.3% |
| Q4 25 | 4.37× | 1.87× | ||
| Q3 25 | 1.99× | 1.17× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | -1.23× | 3.79× | ||
| Q4 24 | 3.88× | -0.36× | ||
| Q3 24 | 0.78× | 2.64× | ||
| Q2 24 | 2.37× | — | ||
| Q1 24 | -0.37× | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICFI
| US Federal Government | $166.7M | 38% |
| Commercial | $164.4M | 37% |
| US State And Local Government | $78.7M | 18% |
| International Government | $33.8M | 8% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
