Four consecutive quarters of earnings beats averaging approximately 12% above consensus, a forward price-to-earnings multiple of 16.2x, and a risk/reward ratio of 2.3-to-1 make this an attractively valued government technology franchise; the primary near-term risk is momentum weakness alongside elevated options hedging demand, offset by the observation that the 200-day trend line remains intact and rising.
Thesis pillars
- Attractively Valued Material Upside→Stable
- Federal Concentration Spending Risk↑Improving
- Consistent Earnings Beat Streak↑Improving
- +1 more pillar — see the Why tab for full reasoning
CACI International, Inc. (CACI) Stock Analysis
Technology · Information Technology Services
Hold if already holding. Not a fresh buy at $647.39, but acceptable to hold if already in. Reasons: Concentration risk — Customer: U.S. federal government (95.7%); Concentration risk — Customer: U.S. Department of Defense (DoD) (75.4%).
CACI International provides Expertise and Technology services to U.S. national security customers in the intelligence, defense, and federal civilian sectors, operating through Domestic Operations (97.0% of fiscal 2025 revenue) and International Operations (3.0%, primarily... Read more
Hold if already holding. Not a fresh buy at $647.39, but acceptable to hold if already in. Reasons: Concentration risk — Customer: U.S. federal government (95.7%); Concentration risk — Customer: U.S. Department of Defense (DoD) (75.4%). Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Score 6.3/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, earnings proximity 59d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About CACI International, Inc.
About CACI International, Inc.
CACI International generated 95.7% of fiscal 2025 revenue from U.S. federal government contracts, including 75.4% from Department of Defense agencies, with Domestic Operations contributing 97.0% of total revenue and International Operations (primarily UK-based) the remaining 3.0%. The company's top ten revenue-producing contracts accounted for 46.4% of revenue, or $4.0 billion, and CACI employed approximately 25,000 people as of June 30, 2025.
CACI earns revenue under a mix of fixed-price, cost-reimbursement, time-and-materials, and indefinite-delivery/indefinite-quantity (IDIQ) contracts and task orders, many won through competitive bidding and government-wide acquisition contracts (GWACs) such as GSA schedules. The company has grown partly through acquisition, completing seven deals over the past three fiscal years, including three in fiscal 2025 that expanded its software-defined offerings and specialized technologies. Because federal contracts typically include a base period plus option periods the government is not obligated to exercise, and many are structured as multi-year programs only partially funded at any point through annual congressional appropriations, CACI's backlog includes both funded and unfunded amounts that may never convert to revenue. The company also depends on subcontractor and teaming relationships for a portion of its revenue, and it generates a substantial share of revenue on contracts where it is not the sole provider, meaning the government could shift work to competitors.
Show full overview
CACI's near-total dependence on U.S. government spending — 95.7% of fiscal 2025 revenue, including 75.4% from the DoD alone — means its results track federal budget politics directly: the 10-K notes that when Congress fails to pass a budget or continuing resolution by the government's September 30 fiscal year-end, agencies can be forced to suspend contracts and delay new awards. Layered on top is bid-protest risk, which the filing says is both increasing in frequency and taking longer for the government to resolve, delaying contract starts even when CACI ultimately prevails. With the top ten contracts alone representing 46.4% of revenue, an adverse ruling, a lost recompete, or a prolonged funding lapse on even a handful of major programs could move results materially.
See also: Technology · Information Technology Services
From CACI International, Inc.'s most recent 10-K filing, extracted August 23, 2026.
Recent developments
updated 2026-08-24Recent Developments — CACI International, Inc.
Latest news
- NEWS CACI International (CACI) to Post Earnings on Wednesday - MarketBeat — MarketBeat positive
- NEWS CACI International (NYSE:CACI) Updates FY 2026 Earnings Guidance - MarketBeat — MarketBeat neutral
- NEWS CACI International tops quarterly estimates, raises revenue outlook (CACI:NYSE) - Seeking Alpha — Seeking Alpha positive
- NEWS CACI International: Fiscal Q3 Earnings Snapshot - cbs19news.com — cbs19news.com neutral
- NEWS CACI International: Fiscal Q3 Earnings Snapshot - kare11.com — kare11.com neutral
Generated 2026-08-24T08:02:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerU.S. federal government96%10-K Item 1A: 'revenues from federal government contracts, either as a prime contractor or a subcontractor, accounting for 95.7% and 95.1% of our total revenues in fiscal 2025 and 2024, respectively.'
- HIGHCustomerU.S. Department of Defense (DoD)75%10-K Item 1A: 'we generated 75.4% and 74.4% of our total revenues in fiscal 2025 and 2024, respectively, from contracts with agencies of the DoD.'
- HIGHGeographicDomestic Operations97%10-K Item 1: 'Domestic Operations represented 97.0%, 97.0%, and 97.2% of our total revenues for the fiscal year ended June 30, 2025 (fiscal 2025), June 30, 2024 (fiscal 2024) and June 30, 2023 (fiscal 2023), respectively.'
- MEDIUMCustomertop ten revenue-producing contracts46%10-K Item 1: 'For fiscal 2025, the top ten revenue-producing contracts, many of which consist of multiple task orders, accounted for 46.4% of our revenues, or $4.0 billion.'
Material Events(8-K, last 90d)
- 2026-06-05Item 5.02MEDIUMPresident, U.S. Operations DeEtte Gray notified CACI of her intent to retire effective June 30, 2026; she will remain as a Strategic Advisor through December 31, 2026 under a Transition and Separation Agreement to support an orderly leadership transition, receiving prorated base salary and a reduced bonus rate during the transition period.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
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Position Sizing
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Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $647.39, but acceptable to hold if already in. Reasons: Concentration risk — Customer: U.S. federal government (95.7%); Concentration risk — Customer: U.S. Department of Defense (DoD) (75.4%). Chart setup: No clear chart pattern; technical signals are mixed. Mixed signals. Hold existing position. Target $669.72 (+3.4%), stop $602.07 (−7.5%), A.R:R -0.2:1. Score 6.3/10, moderate confidence.
Take-profit target: $669.72 (-2.6% upside). Target $669.72 (+3.4%), stop $602.07 (−7.5%), A.R:R -0.2:1. Stop-loss: $602.07.
Concentration risk — Customer: U.S. federal government (95.7%); Concentration risk — Customer: U.S. Department of Defense (DoD) (75.4%); Analyst target reached - limited upside remaining.
CACI International, Inc. trades at a P/E of 26.8 (forward 17.2). TrendMatrix value score: 5.8/10. Verdict: Hold.
24 analysts cover CACI with a consensus score of 4.0/5. Average price target: $725.
What does CACI International, Inc. do?CACI International provides Expertise and Technology services to U.S. national security customers in the intelligence,...
CACI International provides Expertise and Technology services to U.S. national security customers in the intelligence, defense, and federal civilian sectors, operating through Domestic Operations (97.0% of fiscal 2025 revenue) and International Operations (3.0%, primarily UK-based). The company generated 95.7% of fiscal 2025 revenue from U.S. federal government contracts, including 75.4% from Department of Defense agencies, and its top ten revenue-producing contracts accounted for 46.4% of revenue, or $4.0 billion, across approximately 25,000 employees.