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Relative valuation derived from Technology sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
11.6%
Sector: -1.4%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, CACI INTERNATIONAL INC /DE/ (CACI) receives a "Hold" rating with a composite score of 52.5/100, ranked #915 out of 4446 stocks. Key factor scores: Quality 50/100, Value 45/100, Momentum 65/100. This is quantitative analysis only — not investment advice.
CACI INTERNATIONAL INC /DE/ (CACI) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does CACI INTERNATIONAL INC /DE/ Do?
CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates in two segments, Domestic Operations and International Operations. The Domestic Operations segment provides information solutions and services to the U.S. federal government agencies and commercial enterprises in the areas, such as digital solutions, C4ISR, cyber and space, engineering services, enterprise IT, and mission support. The International Operations segment offers a range of IT services, proprietary data, and software products to commercial and government customers in the United Kingdom, continental Europe, and internationally. The company designs, develops, integrates, deploys, and sustains enterprise-wide IT systems in a variety of models; delivers cloud-powered solutions, performance-based service management, software-as-a service secure mobility, defensive cyber and network security, end-user services, and infrastructure services. It also delivers technology that includes developing and implementing digital solutions, and enterprise IT systems for enterprise customers; and technology for customers that includes developing and deploying multi-domain offerings for signals intelligence, resilient communications, free space optical communications, electronic warfare, and cyber operations. In addition, the company provides capabilities in areas, such as command and control, communications, intelligence collection and analysis, signals intelligence (SIGINT), electronic warfare, and cyber operations. Further, it offers investigation and litigation support services; and SIGINT and cyber products and solutions to the Intelligence Community and Department of Defense. The company was founded in 1962 and is headquartered in Reston, Virginia. CACI INTERNATIONAL INC /DE/ (CACI) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO John S. Mengucci and employs approximately 22,000 people, headquartered in Wilmington, Virginia. With a market capitalization of $12.4B, CACI is one of the prominent companies in the Technology sector.
CACI INTERNATIONAL INC /DE/ (CACI) Stock Rating — Hold (April 2026)
As of April 2026, CACI INTERNATIONAL INC /DE/ receives a Hold rating with a composite score of 52.5/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.CACI ranks #915 out of 4,446 stocks in our coverage universe. Within the Technology sector, CACI INTERNATIONAL INC /DE/ ranks #87 of 584 stocks, placing it in the top quartile of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CACI Stock Price and 52-Week Range
CACI INTERNATIONAL INC /DE/ (CACI) currently trades at $534.49. The stock lost $28.72 (5.1%) in the most recent trading session. The 52-week high for CACI is $683.50, which means the stock is currently trading -21.8% from its annual peak. The 52-week low is $356.77, putting the stock 49.8% above its annual trough. Recent trading volume was 319K shares, suggesting relatively thin trading activity.
Is CACI Overvalued or Undervalued? — Valuation Analysis
CACI INTERNATIONAL INC /DE/ (CACI) carries a value factor score of 45/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 26.20x, compared to the Technology sector average of 45.27x — a discount of 42%. The price-to-book ratio stands at 3.04x, versus the sector average of 3.16x. The price-to-sales ratio is 1.45x, compared to 1.06x for the average Technology stock. On an enterprise value basis, CACI trades at 15.71x EV/EBITDA, versus 12.79x for the sector. The EV/EBIT multiple is 20.01x.
Overall, CACI's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
CACI INTERNATIONAL INC /DE/ Profitability — ROE, Margins, and Quality Score
CACI INTERNATIONAL INC /DE/ (CACI) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 11.6%, compared to the Technology sector average of -1.4%, which is within a healthy range. Return on assets (ROA) comes in at 5.4% versus the sector average of -1.0%.
On a margin basis, CACI INTERNATIONAL INC /DE/ reports gross margins of 32.6%, compared to 50.9% for the sector. The operating margin is 9.1% (sector: -0.5%). Net profit margin stands at 5.5%, versus -1.5% for the average Technology stock. Revenue growth is running at 14.6% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
CACI Debt, Balance Sheet, and Financial Health
CACI INTERNATIONAL INC /DE/ has a debt-to-equity ratio of 72.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.97x, suggesting adequate working capital coverage. Total debt on the balance sheet is $2.96B. Cash and equivalents stand at $423M.
CACI has a beta of 0.55, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for CACI INTERNATIONAL INC /DE/ is 81/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
CACI INTERNATIONAL INC /DE/ Revenue and Earnings History — Quarterly Trend
In TTM 2026, CACI INTERNATIONAL INC /DE/ reported revenue of $8.66B and earnings per share (EPS) of $5.61. Net income for the quarter was $480M. Gross margin was 32.6%. Operating income came in at $789M.
In Q2 2026, CACI INTERNATIONAL INC /DE/ reported revenue of $2.22B and earnings per share (EPS) of $5.61. Net income for the quarter was $124M. Gross margin was 32.7%. Revenue grew 0.0% year-over-year compared to Q2 2025. Operating income came in at $206M.
In Q2 2025, CACI INTERNATIONAL INC /DE/ reported revenue of $2.22B and earnings per share (EPS) of $5.61. Net income for the quarter was $124M. Gross margin was 32.7%. Operating income came in at $206M.
In FY 2025, CACI INTERNATIONAL INC /DE/ reported revenue of $8.63B and earnings per share (EPS) of $22.47. Net income for the quarter was $500M. Gross margin was 32.4%. Revenue grew 12.6% year-over-year compared to FY 2024. Operating income came in at $764M.
Over the past 8 quarters, CACI INTERNATIONAL INC /DE/ has demonstrated a growth trajectory, with revenue expanding from $1.94B to $8.66B. Investors analyzing CACI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CACI Dividend Yield and Income Analysis
CACI INTERNATIONAL INC /DE/ (CACI) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
CACI Momentum and Technical Analysis Profile
CACI INTERNATIONAL INC /DE/ (CACI) has a momentum factor score of 65/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 43/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 21/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CACI vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, CACI INTERNATIONAL INC /DE/ (CACI) ranks #87 out of 584 stocks based on the Blank Capital composite score. This places CACI in the top quartile of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing CACI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CACI vs S&P 500 (SPY) comparison to assess how CACI INTERNATIONAL INC /DE/ stacks up against the broader market across all factor dimensions.
CACI Next Earnings Date
No upcoming earnings date has been announced for CACI INTERNATIONAL INC /DE/ (CACI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CACI? — Investment Thesis Summary
CACI INTERNATIONAL INC /DE/ presents a balanced picture with arguments on both sides. Price momentum is positive at 65/100, suggesting the trend favors buyers. Low volatility (stability score 81/100) reduces downside risk.
In summary, CACI INTERNATIONAL INC /DE/ (CACI) earns a Hold rating with a composite score of 52.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CACI stock.
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Institutional Research Dossier
CACI INTERNATIONAL INC /DE/ (CACI) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
CACI International currently holds a BCR Action Rating of Hold, a 3-star rating reflecting a composite score of 52.6/100. This rating is primarily driven by a mixed performance across our quant model factors. While CACI exhibits strong momentum and stability, its valuation appears stretched, and its investment and quality scores are only moderate. The high P/E ratio relative to the sector raises concerns about overvaluation, despite the company's robust revenue growth and profitability.
The core takeaway is that CACI presents a balanced risk-reward profile. Its strong position in the government IT services market, coupled with consistent revenue growth, provides a solid foundation. However, the high debt levels and premium valuation necessitate caution. Investors should closely monitor the company's ability to maintain its growth trajectory and improve its capital allocation efficiency to justify the current market price.
Business Strategy & Overview
CACI International operates as a technology and expertise provider, primarily serving the U.S. federal government, particularly in the intelligence, defense, and federal civilian sectors. The company's revenue is generated through contracts for IT services, software products, and specialized solutions tailored to national security missions and government modernization initiatives. CACI's business model revolves around securing long-term contracts with government agencies, providing a relatively stable revenue stream. The company operates through two segments: Domestic Operations, which focuses on U.S. federal government agencies and commercial enterprises, and International Operations, which serves commercial and government customers in the United Kingdom, continental Europe, and internationally.
CACI's strategic positioning centers on delivering comprehensive IT solutions, including digital solutions, C4ISR, cyber and space, engineering services, enterprise IT, and mission support. The company emphasizes its ability to integrate and deploy enterprise-wide IT systems, deliver cloud-powered solutions, and provide secure mobility and network security. A key aspect of CACI's strategy involves developing and deploying multi-domain offerings for signals intelligence, resilient communications, electronic warfare, and cyber operations. This focus on high-demand areas within the government sector allows CACI to command premium pricing and maintain a competitive edge.
The company's product pipeline includes ongoing development and enhancement of its digital solutions, enterprise IT systems, and specialized technologies for intelligence and defense applications. CACI invests in research and development to stay ahead of technological advancements and meet the evolving needs of its government clients. This includes developing advanced capabilities in areas such as command and control, communications, intelligence collection and analysis, and cyber operations. CACI's ability to innovate and adapt to emerging threats and technologies is crucial for maintaining its market position and securing future contracts.
In the broader industry context, CACI operates in a competitive landscape that includes other major government contractors such as Lockheed Martin, General Dynamics, and Booz Allen Hamilton. The industry is characterized by intense competition for government contracts, which are often awarded based on technical expertise, past performance, and pricing. CACI differentiates itself through its specialized focus on IT solutions and its deep understanding of the intelligence and defense sectors. The company's ability to navigate the complex regulatory environment and maintain strong relationships with government agencies is essential for its continued success.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
14.6%
Sector: 14.2%
IN LINE
Economic Moat Analysis
CACI International possesses a narrow economic moat, primarily derived from switching costs and intangible assets. The company's long-term contracts with government agencies create significant switching costs for its clients. Once CACI's IT systems and solutions are integrated into an agency's operations, it becomes costly and disruptive to switch to a different provider. This stickiness provides CACI with a degree of pricing power and revenue stability. The specialized nature of CACI's services, particularly in areas such as signals intelligence and cyber operations, further enhances its competitive advantage.
The intangible assets contributing to CACI's moat include its proprietary technology, specialized expertise, and established relationships with government agencies. CACI's deep understanding of the intelligence and defense sectors, combined with its ability to deliver customized solutions, creates a barrier to entry for new competitors. The company's reputation for reliability and security is also a valuable asset, as government agencies prioritize these factors when selecting IT service providers. However, the moat is not wide due to the presence of numerous other well-established players in the government contracting space.
While CACI benefits from switching costs and intangible assets, it does not possess significant network effects or cost advantages. The company's services are not inherently scalable in a way that creates a network effect, and its cost structure is comparable to that of its competitors. Efficient scale is also not a major factor, as the government contracting market is large and fragmented, with opportunities for multiple players to thrive. Therefore, CACI's moat is primarily based on its ability to retain existing clients and leverage its specialized expertise.
The strength of CACI's moat is subject to several factors, including the level of competition in the government contracting market, the pace of technological change, and the evolving needs of its government clients. Increased competition could erode CACI's pricing power and reduce its ability to retain clients. Rapid technological advancements could render its existing solutions obsolete, requiring significant investments in research and development. Changes in government priorities and funding could also impact CACI's revenue and profitability. Therefore, while CACI's moat provides a degree of protection, it is not impenetrable and requires ongoing investment and adaptation to maintain its competitive advantage.
Financial Health & Profitability
CACI International's financial health presents a mixed picture. The company has demonstrated consistent revenue growth, with a 14.6% increase compared to the sector's 14.0%. This growth is evident in the quarterly financial history, with revenue steadily increasing from $1.65B in Q2 FY2022 to $2.22B in Q2 FY2026. This indicates a strong demand for CACI's services and effective execution of its growth strategy. However, the company's net income growth has been less consistent, with fluctuations in quarterly net income and EPS.
CACI's profitability metrics, such as gross margin and operating margin, are generally healthy. The gross margin has remained relatively stable, ranging from 31.2% to 34.4% over the past several quarters. The operating margin has also been consistent, hovering around 8.5% to 9.4%. These margins indicate that CACI is able to maintain its profitability while growing its revenue. However, when compared to the sector, CACI's gross margin of 32.6% is significantly lower than the sector average of 51.2%, suggesting that CACI may face pricing pressures or have a different cost structure than its peers. On the other hand, CACI's operating margin of 9.1% and net margin of 5.5% are significantly higher than the sector averages of -0.5% and -1.5%, respectively, indicating superior operational efficiency.
The company's balance sheet is characterized by a high level of debt. With a total debt of $3.39B and total cash of $422.98M, CACI's debt-to-equity ratio is 72.00, significantly higher than the sector average of 43.00. This high leverage increases the company's financial risk and could limit its ability to invest in growth opportunities or weather economic downturns. Investors should closely monitor CACI's debt levels and its ability to generate sufficient cash flow to service its debt obligations.
CACI's free cash flow generation has been inconsistent. While the company reported a free cash flow of $47.13M in Q2 FY2025, historical data suggests that FCF can be volatile. Consistent and growing free cash flow is crucial for CACI to reduce its debt, fund its growth initiatives, and return capital to shareholders. The company's ability to improve its cash flow generation will be a key factor in determining its long-term financial health.
Valuation Assessment
CACI International's valuation appears stretched based on several key metrics. The company's P/E ratio of 108.1x is significantly higher than the sector average of 45.3x, indicating that investors are paying a premium for CACI's earnings. This premium could be justified if CACI were growing at a significantly faster rate than its peers, but its revenue growth of 14.6% is only slightly above the sector average of 14.0%. The high P/E ratio suggests that the stock may be overvalued, and investors should exercise caution.
The company's EV/EBITDA ratio of 15.7x is also higher than the sector average of 13.0x, further supporting the argument that CACI is trading at a premium. This metric takes into account the company's debt levels, which are substantial. The high EV/EBITDA ratio suggests that the market is pricing in expectations of strong future growth and profitability, which may not be fully justified given the company's historical performance and the competitive landscape.
Given the limited free cash flow data, a thorough FCF yield analysis is challenging. However, the available data suggests that CACI's FCF generation has been inconsistent. A low or negative FCF yield would indicate that the company is not generating enough cash to justify its current market capitalization. Investors should closely monitor CACI's FCF generation and its ability to improve its cash flow margins.
Overall, CACI's valuation appears expensive relative to its growth, its history, and its sector. The high P/E and EV/EBITDA ratios suggest that the stock is trading at a premium, while the inconsistent FCF generation raises concerns about its ability to generate sufficient cash to support its valuation. While CACI's strong position in the government IT services market and its consistent revenue growth provide some justification for its premium valuation, investors should carefully consider the risks and uncertainties before investing in the stock.
Risk & Uncertainty
CACI International faces several specific, idiosyncratic risks that could impact its business and financial performance. One of the most significant risks is its reliance on government contracts. Changes in government spending priorities, budget cuts, or political shifts could lead to a reduction in contract awards or delays in project funding. This concentration risk makes CACI vulnerable to fluctuations in government demand and could negatively impact its revenue and profitability.
Another key risk is the intense competition in the government contracting market. CACI competes with numerous other well-established players, including Lockheed Martin, General Dynamics, and Booz Allen Hamilton. These competitors have significant resources and established relationships with government agencies, making it challenging for CACI to win new contracts and maintain its market share. Increased competition could lead to pricing pressures and reduced profitability.
CACI's high debt levels also pose a significant risk. The company's debt-to-equity ratio of 72.00 is significantly higher than the sector average, increasing its financial risk and limiting its flexibility. High debt levels could make it more difficult for CACI to invest in growth opportunities, weather economic downturns, or respond to competitive pressures. The company's ability to manage its debt obligations and generate sufficient cash flow to service its debt will be crucial for its long-term financial health.
Furthermore, CACI faces risks related to cybersecurity and data breaches. As a provider of IT services to government agencies, CACI is responsible for protecting sensitive data and systems. A successful cyberattack or data breach could damage the company's reputation, lead to legal liabilities, and result in the loss of valuable contracts. CACI must invest heavily in cybersecurity measures and maintain robust data protection protocols to mitigate this risk.
Bulls Say / Bears Say
The Bull Case
BULL VIEWCACI's strong position in the growing government IT services market, particularly in high-demand areas like cybersecurity and intelligence, ensures a steady stream of revenue and earnings growth.
BULL VIEWThe company's long-term contracts with government agencies provide revenue visibility and stability, reducing the risk of significant revenue declines even in economic downturns.
BULL VIEWCACI's focus on innovation and its ability to adapt to emerging technologies will allow it to maintain its competitive edge and secure new contracts in the evolving government IT landscape.
The Bear Case
BEAR VIEWCACI's high valuation, particularly its elevated P/E ratio, is unsustainable and leaves the stock vulnerable to a significant correction if growth slows or earnings disappoint.
BEAR VIEWThe company's high debt levels increase its financial risk and could limit its ability to invest in growth opportunities or weather economic downturns.
BEAR VIEWIncreased competition in the government contracting market could erode CACI's pricing power and reduce its ability to win new contracts, negatively impacting its revenue and profitability.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score CACI and 4,400+ other equities.
CACI INTERNATIONAL INC /DE/ exhibits a 3% valuation premium relative to institutional benchmarks. This represents a balanced risk/reward profile based on current multiples.
Return on Assets
Efficiency of asset utilization
5.4%
Sector: -1.0%
Gross Margin
Pricing power and cost efficiency
32.6%
Sector: 50.9%
Operating Margin
Core business profitability
9.1%
Sector: -0.5%
Net Margin
Bottom-line profitability
5.5%
Sector: -1.5%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
RESTON, Va., April 08, 2026--CACI International Inc (NYSE: CACI) will release its financial results for the third quarter of fiscal year 2026 after the market closes on Wednesday, April 22. The company will host a conference call the next morning, on Thursday, April 23 at 8:00 a.m. Eastern time, during which CACI’s executive leaders will discuss quarterly results followed by a question-and-answer session.
