Caci International Inc /De/ (NYSE: CACI)

Sector: Technology Industry: Information Technology Services CIK: 0000016058
Market Cap 12.47 Bn
P/B 3.01
P/E 24.06
P/S 1.39
ROIC (Qtr) 8.54
Div Yield % 0.00
Rev 1y % (Qtr) 5.73
Total Debt (Qtr) 3.39 Bn
Debt/Equity (Qtr) 0.82
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About

CACI International Inc, commonly known as CACI, is a prominent company operating in the intelligence, defense, and federal civilian sectors. With a rich history dating back to 1962, CACI has established itself as a leading provider of expertise and differentiated technology, primarily in the United States and Europe. CACI's main business activities revolve around delivering a diverse range of products and services, including digital solutions, C4ISR, cyber, space, engineering services, and enterprise IT. These offerings are designed to modernize...

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Investment thesis

Bull case

  • Healthy cash reserves of 422.98M provide 10.92x coverage of short-term debt 38.75M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of 711.57M provides strong 11.36x coverage of stock compensation 62.64M, indicating sustainable incentive practices.
  • Robust free cash flow of 634.30M exceeds capital expenditure of 77.26M by 8.21x, indicating strong organic growth funding capability.
  • Operating cash flow of 711.57M fully covers other non-current liabilities 373.85M by 1.90x, showing strong long-term stability.
  • Operating cash flow of 711.57M provides solid 0.66x coverage of current liabilities 1.07B, showing strong operational health.

Bear case

  • Operating cash flow of 711.57M barely covers its investment activities of (187.66M), with a coverage ratio of -3.79, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Cash reserves of 422.98M provide limited coverage of acquisition spending of (110.56M), which is -3.83x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • Free cash flow of 634.30M represents just -9.04x of debt issuance (70.20M), suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Operating cash flow of 711.57M is outpaced by equity issuance of (152.54M) (-4.66 ratio), indicating concerning reliance on equity markets for funding operations.
  • Retained earnings of 5.11B provide limited buffer against comprehensive income items of (15.18M), which is -336.61x, indicating elevated exposure to market risks.

Segments Breakdown of Revenue (2025)

Segments Breakdown of Revenue (2025)

Peer comparison

Companies in the Information Technology Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 IBM International Business Machines Corp 229.77 Bn 29.79 2.98 66.57 Bn
2 ACN Accenture plc 136.96 Bn 17.99 1.94 8.20 Bn
3 INFY Infosys Ltd 61.29 Bn 19.41 3.18 0.68 Bn
4 CTSH Cognizant Technology Solutions Corp 31.81 Bn 14.26 1.51 1.15 Bn
5 FIS Fidelity National Information Services, Inc. 28.54 Bn -1.17 2.90 13.00 Bn
6 WIT Wipro Ltd 23.98 Bn 16.25 2.37 2.35 Bn
7 LDOS Leidos Holdings, Inc. 20.68 Bn 14.28 1.20 5.24 Bn
8 BR Broadridge Financial Solutions, Inc. 20.38 Bn 19.09 2.84 3.17 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.74 1.23
EV to Cash from Ops. EV/CFO 21.84 3.12
EV to Debt EV to Debt 4.59 3.45
EV to EBIT EV/EBIT 18.91 -4.05
EV to EBITDA EV/EBITDA 14.93 3.57
EV to Free Cash Flow [EV/FCF] EV/FCF 24.50 -2.69
EV to Market Cap EV to Market Cap 1.25 1.54
EV to Revenue EV/Rev 1.73 47.25
Price to Book Value [P/B] P/B 3.01 3.04
Price to Earnings [P/E] P/E 24.06 4.15
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -0.59
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 14.14
Dividend per Basic Share Div per Share (Qtr) 0.00 0.47
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 4.61
Interest Coverage Int. cover (Qtr) 4.52 -318.37
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -38.77 -256.13
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 140.73 128.67
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 6.73
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 16.19 -36.77
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 16.26 -22.62
EBIT Growth (1y) % EBIT 1y % (Qtr) 11.02 -87.06
EBT Growth (1y) % EBT 1y % (Qtr) 3.17 75.53
EPS Growth (1y) % EPS 1y % (Qtr) 9.17 122.99
FCF Growth (1y) % FCF 1y % (Qtr) 37.74 -8,761.26
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 8.21 -4.36
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.01 0.79
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.00
Cash Ratio Cash Ratio (Qtr) 0.39 0.73
Current Ratio Curr Ratio (Qtr) 1.97 2.20
Debt to Equity Ratio Debt/Equity (Qtr) 0.82 0.98
Interest Cover Ratio Int Coverage (Qtr) 4.52 -318.37
Times Interest Earned Times Interest Earned (Qtr) 4.52 -318.37
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 11.60 -369.53
EBIT Margin % EBIT Margin % (Qtr) 9.15 -585.52
EBT Margin % EBT Margin % (Qtr) 7.13 -637.04
Gross Margin % Gross Margin % (Qtr) 32.50 24.60
Net Profit Margin % Net Margin % (Qtr) 5.80 -639.67