CACI INTERNATIONAL INC /DE/, 10-Q filed on 4/24/2025
Quarterly Report
v3.25.1
Cover - shares
 9 Months Ended
Mar. 31, 2025
Apr. 13, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 001-31400  
Entity Registrant Name CACI International Inc  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 54-1345888  
Entity Address, Address Line One 12021 Sunset Hills Road  
Entity Address, City or Town Reston  
Entity Address, State or Province VA  
Entity Address, Postal Zip Code 20190  
City Area Code 703  
Local Phone Number 841-7800  
Title of 12(b) Security Common Stock  
Trading Symbol CACI  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   21,990,052
Entity Central Index Key 0000016058  
Current Fiscal Year End Date --06-30  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]        
Revenues $ 2,166,982 $ 1,937,456 $ 6,323,680 $ 5,621,537
Costs of revenues:        
Direct costs 1,434,735 1,290,903 4,251,384 3,819,072
Indirect costs and selling expenses 480,917 430,134 1,375,524 1,244,122
Depreciation and amortization 54,961 35,115 139,264 106,385
Total costs of revenues 1,970,613 1,756,152 5,766,172 5,169,579
Income from operations 196,369 181,304 557,508 451,958
Interest expense and other, net 45,117 27,668 113,153 80,758
Income before income taxes 151,252 153,636 444,355 371,200
Income taxes 39,392 38,286 102,380 85,933
Net income $ 111,860 $ 115,350 $ 341,975 $ 285,267
Basic earnings per share (in dollars per share) $ 5.02 $ 5.17 $ 15.31 $ 12.73
Diluted earnings per share (in dollars per share) $ 5.00 $ 5.13 $ 15.21 $ 12.63
Weighted-average basic shares outstanding (in shares) 22,279 22,292 22,332 22,407
Weighted-average diluted shares outstanding (in shares) 22,383 22,478 22,485 22,593
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 111,860 $ 115,350 $ 341,975 $ 285,267
Other comprehensive income (loss):        
Foreign currency translation adjustment 9,671 (3,500) 4,235 (1,255)
Change in fair value of interest rate swap agreements, net of tax (5,889) 7,373 (15,103) (6,417)
Total other comprehensive income (loss), net of tax 3,782 3,873 (10,868) (7,672)
Comprehensive income $ 115,642 $ 119,223 $ 331,107 $ 277,595
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 223,897 $ 133,961
Accounts receivable, net 1,232,291 1,031,311
Prepaid expenses and other current assets 242,862 209,257
Total current assets 1,699,050 1,374,529
Goodwill 4,941,564 4,154,844
Intangible assets, net 1,117,231 474,354
Property, plant and equipment, net 204,879 195,443
Operating lease right-of-use assets 337,036 305,637
Supplemental retirement savings plan assets 99,906 99,339
Accounts receivable, long-term 14,722 13,311
Other long-term assets 165,690 178,644
Total assets 8,580,078 6,796,101
Current liabilities:    
Current portion of long-term debt 68,750 61,250
Accounts payable 305,108 287,142
Accrued compensation and benefits 287,121 316,514
Other accrued expenses and current liabilities 415,727 413,354
Total current liabilities 1,076,706 1,078,260
Long-term debt, net of current portion 3,043,406 1,481,387
Supplemental retirement savings plan obligations, net of current portion 112,591 111,208
Deferred income taxes 159,679 169,808
Operating lease liabilities, noncurrent 371,929 325,046
Other long-term liabilities 111,321 112,185
Total liabilities 4,875,632 3,277,894
COMMITMENTS AND CONTINGENCIES (NOTE 9)
Shareholders’ equity:    
Preferred stock $0.10 par value, 10,000 shares authorized, no shares issued or outstanding 0 0
Common stock $0.10 par value, 80,000 shares authorized; 43,165 shares issued and 21,990 outstanding at March 31, 2025 and 43,042 shares issued and 22,301 outstanding at June 30, 2024 4,316 4,304
Additional paid-in capital 637,207 631,191
Retained earnings 4,702,515 4,360,540
Accumulated other comprehensive loss (23,390) (12,522)
Treasury stock, at cost (21,175 and 20,740 shares, respectively) (1,616,202) (1,465,306)
Total shareholders’ equity 3,704,446 3,518,207
Total liabilities and shareholders’ equity $ 8,580,078 $ 6,796,101
v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2025
Jun. 30, 2024
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 0.10 $ 0.10
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 80,000,000 80,000,000
Common stock, shares issued (in shares) 43,165,000 43,042,000
Common stock, shares outstanding (in shares) 21,990,000 22,301,000
Treasury stock, shares at cost (in shares) 21,175,000 20,740,000
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 341,975 $ 285,267
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,264 106,385
Amortization of deferred financing costs 2,134 1,644
Stock-based compensation expense 44,108 35,016
Deferred income taxes (7,813) (36,231)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (90,185) (109,617)
Prepaid expenses and other assets 359 (24,254)
Accounts payable and other accrued expenses (3,759) 179,922
Accrued compensation and benefits (44,238) (117,580)
Income taxes payable and receivable 6,685 2,483
Operating lease liabilities and assets, net 389 (4,346)
Long-term liabilities 2,108 21,434
Net cash provided by operating activities 391,027 340,123
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (37,640) (41,091)
Acquisitions of businesses, net of cash acquired (1,642,075) (81,577)
Other 2,410 1,974
Net cash used in investing activities (1,677,305) (120,694)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 5,833,500 2,421,000
Principal payments made under bank credit facilities (4,257,835) (2,426,625)
Payment of financing costs under bank credit facilities (9,803) 0
Proceeds from employee stock purchase plans 9,668 8,374
Repurchases of common stock (163,998) (158,426)
Payment of taxes for equity transactions (37,058) (19,945)
Net cash provided by (used in) financing activities 1,374,474 (175,622)
Effect of exchange rate changes on cash and cash equivalents 1,740 (357)
Net change in cash and cash equivalents 89,936 43,450
Cash and cash equivalents, beginning of period 133,961 115,776
Cash and cash equivalents, end of period 223,897 159,226
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 91,774 101,965
Cash paid during the period for interest 94,541 71,089
Non-cash financing and investing activities:    
Accrued capital expenditures 3,099 1,000
Landlord sponsored tenant incentives $ 6,870 $ 9,183
v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Beginning balance (in shares) at Jun. 30, 2023   42,923,000        
Beginning balance (in shares) at Jun. 30, 2023           20,126,000
Beginning balance at Jun. 30, 2023 $ 3,224,334 $ 4,292 $ 546,334 $ 3,940,616 $ (4,916) $ (1,261,992)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 285,267     285,267    
Stock-based compensation expense 35,016   35,016      
Tax withholdings on restricted share vestings (in shares)   114,000        
Tax withholdings on restricted share vestings (19,710) $ 12 (19,722)      
Other comprehensive income (loss), net of tax (7,672)       (7,672)  
Repurchases of common stock (160,071)   51,097     $ (211,168)
Repurchases of common stock (in shares)           641,000
Treasury stock issued under stock purchase plans 8,200   365     $ 7,835
Treasury stock issued under stock purchase plans (in shares)           (27,000)
Ending balance (in shares) at Mar. 31, 2024   43,037,000        
Ending balance (in shares) at Mar. 31, 2024           20,740,000
Ending balance at Mar. 31, 2024 3,365,364 $ 4,304 613,090 4,225,883 (12,588) $ (1,465,325)
Beginning balance (in shares) at Dec. 31, 2023   43,027,000        
Beginning balance (in shares) at Dec. 31, 2023           20,742,000
Beginning balance at Dec. 31, 2023 3,235,624 $ 4,303 602,613 4,110,533 (16,461) $ (1,465,364)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 115,350     115,350    
Stock-based compensation expense 12,067   12,067      
Tax withholdings on restricted share vestings (in shares)   10,000        
Tax withholdings on restricted share vestings (1,782) $ 1 (1,783)      
Other comprehensive income (loss), net of tax 3,873       3,873  
Repurchases of common stock (2,626)   (134)     $ (2,492)
Repurchases of common stock (in shares)           8,000
Treasury stock issued under stock purchase plans 2,858   327     $ 2,531
Treasury stock issued under stock purchase plans (in shares)           (10,000)
Ending balance (in shares) at Mar. 31, 2024   43,037,000        
Ending balance (in shares) at Mar. 31, 2024           20,740,000
Ending balance at Mar. 31, 2024 $ 3,365,364 $ 4,304 613,090 4,225,883 (12,588) $ (1,465,325)
Beginning balance (in shares) at Jun. 30, 2024 22,301,000 43,042,000        
Beginning balance (in shares) at Jun. 30, 2024 20,740,000         20,740,000
Beginning balance at Jun. 30, 2024 $ 3,518,207 $ 4,304 631,191 4,360,540 (12,522) $ (1,465,306)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 341,975     341,975    
Stock-based compensation expense 44,108   44,108      
Tax withholdings on restricted share vestings (in shares)   123,000        
Tax withholdings on restricted share vestings (37,359) $ 12 (37,371)      
Other comprehensive income (loss), net of tax (10,868)       (10,868)  
Repurchases of common stock (161,330)   (764)     $ (160,566)
Repurchases of common stock (in shares)           459,000
Treasury stock issued under stock purchase plans $ 9,713   43     $ 9,670
Treasury stock issued under stock purchase plans (in shares)           (24,000)
Ending balance (in shares) at Mar. 31, 2025 21,990,000 43,165,000        
Ending balance (in shares) at Mar. 31, 2025 21,175,000         21,175,000
Ending balance at Mar. 31, 2025 $ 3,704,446 $ 4,316 637,207 4,702,515 (23,390) $ (1,616,202)
Beginning balance (in shares) at Dec. 31, 2024   43,159,000        
Beginning balance (in shares) at Dec. 31, 2024           20,739,000
Beginning balance at Dec. 31, 2024 3,728,373 $ 4,316 625,878 4,590,655 (27,172) $ (1,465,304)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 111,860     111,860    
Stock-based compensation expense 12,765   12,765      
Tax withholdings on restricted share vestings (in shares)   6,000        
Tax withholdings on restricted share vestings (1,043)   (1,043)      
Other comprehensive income (loss), net of tax 3,782       3,782  
Repurchases of common stock (154,544)   (393)     $ (154,151)
Repurchases of common stock (in shares)           444,000
Treasury stock issued under stock purchase plans $ 3,253         $ 3,253
Treasury stock issued under stock purchase plans (in shares)           (8,000)
Ending balance (in shares) at Mar. 31, 2025 21,990,000 43,165,000        
Ending balance (in shares) at Mar. 31, 2025 21,175,000         21,175,000
Ending balance at Mar. 31, 2025 $ 3,704,446 $ 4,316 $ 637,207 $ 4,702,515 $ (23,390) $ (1,616,202)
v3.25.1
Basis of Presentation
 9 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The accompanying unaudited condensed consolidated financial statements of CACI International Inc and subsidiaries (CACI or the Company) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and include the assets, liabilities, results of operations, comprehensive income and cash flows for the Company, including its subsidiaries and ventures that are majority-owned or otherwise controlled by the Company. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year presentation.
The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and amounts included in other current assets and current liabilities that meet the definition of a financial instrument approximate fair value because of the short-term nature of these amounts. The fair value of the Company’s debt outstanding as of March 31, 2025 under its bank credit facility approximates its carrying value. The fair value of the Company’s debt under its bank credit facility was estimated using Level 2 inputs based on market data of companies with a corporate rating similar to CACI’s that have recently priced credit facilities.
In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation of the periods presented. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s latest annual report to the SEC on Form 10-K for the year ended June 30, 2024. The results of operations for the three and nine months ended March 31, 2025 are not necessarily indicative of the results to be expected for any subsequent interim period or for the full fiscal year.
v3.25.1
Recent Accounting Pronouncements
 9 Months Ended
Mar. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Recent Accounting Pronouncements Recent Accounting Pronouncements
Accounting Standards Updates Issued but Not Yet Adopted
In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures, which requires disclosure of significant segment expenses and other segment items in annual and interim periods. The ASU will be effective beginning with our annual fiscal 2025 financial statements and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impacts of the new standard on our segment disclosures.
In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires disaggregated information about an entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU will be effective beginning with our annual fiscal 2026 financial statements and should be applied prospectively. Retrospective application is permitted. We are currently evaluating the impacts of the new standard on our income tax disclosures.
In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, to enhance the transparency of certain expense disclosures. The ASU requires disclosure of specific types of expenses included in the expense captions of the consolidated statement of operations. The ASU will be effective beginning with our annual fiscal 2028 financial statements and may be adopted prospectively or retrospectively. We are currently evaluating the impacts of the new standard.
Accounting Standards Updates Adopted
There have been no recently adopted accounting pronouncements that are material to the Company's consolidated financial statements.
v3.25.1
Acquisitions
 9 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
Applied Insight
On October 1, 2024, CACI acquired all of the equity interests of AI Corporate Holdings, Inc. and Applied Insight Holdings, LLC (Applied Insight) for purchase consideration of approximately $314.2 million, net of cash acquired, subject to adjustments for working capital and certain other items. Applied Insight delivers proven cloud migration, adoption, and transformation capabilities, coupled with intimate customer relationships across the Department of Defense (DoD) and intelligence communities. The Company preliminarily recognized fair values of the assets acquired and liabilities assumed and allocated $217.5 million to goodwill and $95.2 million to intangible assets. At March 31, 2025, the Company had not finalized the determination of fair values allocated to assets and liabilities. The intangible assets consist of customer relationships of $84.3 million and technology of $10.9 million, which will amortize over eight and five years, respectively. The goodwill is primarily associated with future customer relationships and an acquired assembled work force. Of the value attributed to goodwill and intangible assets, approximately $248.6 million is deductible for income tax purposes. The Company funded the acquisition with cash on hand and borrowings under its revolving credit facility.
Azure Summit Technology
On October 30, 2024, CACI acquired all of the equity interests of Azure Summit Technology, LLC (Azure Summit) for purchase consideration of approximately $1,310.2 million, net of cash acquired, subject to adjustments for working capital and certain other items. Azure Summit advances DoD mission outcomes with its portfolio of high-performance radio frequency technology and engineering talent focused on the electromagnetic spectrum. The Company funded the acquisition with the net proceeds from the new senior secured Term Loan B facility (see “Note 8 – Debt”), borrowings under the revolving credit facility, and cash on hand to finance the acquisition.
The purchase price was allocated, on a preliminary basis, among assets acquired and liabilities assumed at fair value on the acquisition date, October 30, 2024, based on the best available information, with the excess purchase price recorded as goodwill.
As of March 31, 2025, the Company recorded measurement period adjustments that resulted in an increase to goodwill by $22.6 million. Measurement period adjustments were recorded that decreased accounts receivable, net, by $7.9 million to better reflect estimated costs at completion based on facts and circumstances as of the acquisition date related to contract assets for certain contracts with customers for which revenue is recognized over-time using a cost-to-cost input method. A measurement period adjustment was recorded that decreased technology intangible assets with a useful life of 25 years by $14.5 million due to valuation adjustments. The adjusted preliminary allocation of the total estimated purchase consideration is as follows (in thousands):
Accounts receivable, net$84,011 
Prepaid expenses and other current assets31,511 
Goodwill566,176 
Intangible assets, net635,000 
Property, plant and equipment, net16,349 
Operating lease right-of-use assets9,607 
Other long-term assets211 
Accounts payable(16,182)
Accrued compensation and benefits(3,860)
Other accrued expenses and current liabilities(4,570)
Operating lease liabilities, noncurrent(8,062)
Total estimated consideration$1,310,191 
The goodwill is primarily associated with future customer relationships and an acquired assembled work force. All of the goodwill recognized is tax deductible.
The estimated fair value attributed to intangible assets of $635.0 million consists of customer relationships of $270.5 million and technology of $364.5 million. The fair value attributed to intangible assets is being amortized over 10 to 20 years for customer intangibles and over 20 to 25 years for technology. The fair value attributed to the intangible assets acquired was based on assumptions and other information compiled by management, including independent valuations that utilized established valuation techniques.
As of March 31, 2025, the Company has not finalized the determination of fair values allocated to various assets and liabilities, including, but not limited to, accounts receivables, prepaid expenses and other current assets, intangible assets, and goodwill. The allocation of the purchase price is subject to change as the Company continues to obtain and assess relevant information that existed as of the acquisition date.
For the nine months ended March 31, 2025, combined post-acquisition revenues of the acquirees were $207.4 million, and total acquisition-related costs of $13.5 million were reported in indirect costs and expenses. Earnings and pro forma results of operations for these acquisitions are not material to the Company's consolidated results of operations.
v3.25.1
Goodwill and Intangible Assets
 9 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill for the nine months ended March 31, 2025 are as follows (in thousands):
Domestic International Total
Balance at June 30, 2024$3,974,823 $180,021 $4,154,844 
Goodwill acquired(1)
783,633 74 783,707 
Foreign currency translation(1,033)4,046 3,013 
Balance at March 31, 2025$4,757,423 $184,141 $4,941,564 
__________________________________________________
(1)Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.
There were no impairments of goodwill during the periods presented.
Intangible Assets
Intangible assets consisted of the following (in thousands):
March 31, 2025June 30, 2024
Gross carrying valueAccumulated
amortization 		Net carrying
value		Gross carrying
value		Accumulated
amortization 		Net carrying
value
Customer contracts and related customer relationships$1,050,683 $(407,662)$643,021 $695,944 $(353,159)$342,785 
Acquired technologies646,723 (172,513)474,210 271,285 (139,716)131,569 
Total intangible assets$1,697,406 $(580,175)$1,117,231 $967,229 $(492,875)$474,354 
Amortization expense related to intangible assets was $36.8 million and $87.2 million for the three and nine months ended March 31, 2025, respectively, and $18.4 million and $55.1 million for the three and nine months ended March 31, 2024, respectively.
v3.25.1
Revenues and Contract Balances
 9 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenues and Contract Balances Revenues and Contract Balances
Disaggregation of Revenues
The Company disaggregates revenues by contract type, customer type, prime vs. subcontractor, and whether the solution provided is primarily Expertise or Technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected.
Disaggregated revenues by contract type were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,316,805 $— $1,316,805 $3,837,028 $— $3,837,028 
Fixed-price533,735 39,729 573,464 1,537,759 113,820 1,651,579 
Time-and-materials254,580 22,133 276,713 765,810 69,263 835,073 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,174,219 $— $1,174,219 $3,411,128 $— $3,411,128 
Fixed-price484,980 36,007 520,987 1,437,282 105,326 1,542,608 
Time-and-materials218,787 23,463 242,250 604,752 63,049 667,801 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Disaggregated revenues by customer type were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,652,206 $— $1,652,206 $4,765,472 $— $4,765,472 
Federal civilian agencies431,453 — 431,453 1,304,515 — 1,304,515 
Commercial and other21,461 61,862 83,323 70,610 183,083 253,693 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,452,264 $— $1,452,264 $4,163,079 $— $4,163,079 
Federal civilian agencies381,214 — 381,214 1,178,500 — 1,178,500 
Commercial and other44,508 59,470 103,978 111,583 168,375 279,958 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Disaggregated revenues by prime vs. subcontractor were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$1,900,648 $55,105 $1,955,753 $5,535,517 $162,753 $5,698,270 
Subcontractor204,472 6,757 211,229 605,080 20,330 625,410 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$1,689,140 $52,637 $1,741,777 $4,878,820 $148,696 $5,027,516 
Subcontractor188,846 6,833 195,679 574,342 19,679 594,021 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Disaggregated revenues by expertise or technology were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Expertise$941,805 $31,232 $973,037 $2,794,191 $93,011 $2,887,202 
Technology1,163,315 30,630 1,193,945 3,346,406 90,072 3,436,478 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Expertise$895,791 $21,164 $916,955 $2,583,634 $60,956 $2,644,590 
Technology982,195 38,306 1,020,501 2,869,528 107,419 2,976,947 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Changes in Estimates
Aggregate net changes in estimates for the three and nine months ended March 31, 2025 reflected an increase to income before income taxes of $3.4 million ($0.11 per diluted share) and $11.1 million ($0.37 per diluted share), respectively, compared with $7.5 million ($0.25 per diluted share) and $24.5 million ($0.81 per diluted share), for the three and nine months ended March 31, 2024. The Company uses its statutory tax rate when calculating the impact to diluted earnings per share.
Revenues recognized from previously satisfied performance obligations were not material for the three and nine months ended March 31, 2025 and 2024, respectively. The change in revenues recognized from previously satisfied performance obligations generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customer’s final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied.
Remaining Performance Obligations
As of March 31, 2025, the Company had $11.3 billion of remaining performance obligations and expects to recognize approximately 44% and 63% as revenue over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter.
Contract Balances
Contract balances consisted of the following (in thousands):
Description of Contract Related BalanceFinancial Statement ClassificationMarch 31, 2025June 30, 2024
Billed and billable receivablesAccounts receivable, net$979,486 $885,552 
Contract assets – current unbilled receivablesAccounts receivable, net252,805 145,759 
Contract assets – current costs to obtainPrepaid expenses and other current assets6,885 6,142 
Contract assets – noncurrent unbilled receivablesAccounts receivable, long-term14,722 13,311 
Contract assets – noncurrent costs to obtainOther long-term assets13,895 12,310 
Contract liabilities – current deferred revenue and other contract liabilitiesOther accrued expenses and current liabilities(144,832)(139,745)
Contract liabilities – noncurrent deferred revenue and other contract liabilitiesOther long-term liabilities(4,009)(4,607)
During the three and nine months ended March 31, 2025, we recognized $18.3 million and $111.8 million of revenues, respectively, compared with $23.0 million and $117.4 million of revenues for the three and nine months ended March 31, 2024, that was included in a previously recorded contract liability as of the beginning of the period.
v3.25.1
Inventories
 9 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following (in thousands):
March 31, 2025June 30, 2024
Materials, purchased parts and supplies$91,986 $77,743 
Work in process15,889 13,331 
Finished goods27,734 27,365 
Total$135,609 $118,439 
Inventories are stated at the lower of cost (average cost or first-in, first-out) or net realizable value and are included in prepaid expenses and other current assets on the accompanying consolidated balance sheets.
v3.25.1
Sales of Receivables
 9 Months Ended
Mar. 31, 2025
Transfers and Servicing of Financial Assets [Abstract]  
Sales of Receivables Sales of Receivables
On December 20, 2024, the Company amended its Master Accounts Receivable Purchase Agreement (MARPA) with MUFG Bank, Ltd. (Purchaser), for the sale of certain designated eligible U.S. government receivables. The amendment extended the term of the MARPA to December 19, 2025. Under the MARPA, the Company can sell eligible receivables, including certain billed and unbilled receivables up to a maximum amount of $300.0 million. The Company’s receivables are sold under the MARPA without recourse for any U.S. government credit risk.
The Company accounts for receivable transfers under the MARPA as sales under ASC 860, Transfers and Servicing, and derecognizes the sold receivables from its balance sheets. The fair value of the sold receivables approximated their book value due to their short-term nature.
The Company does not retain an ongoing financial interest in the transferred receivables other than cash collection and administrative services. The Company estimated that its servicing fee was at fair value and therefore no servicing asset or liability related to these receivables was recognized as of March 31, 2025. Proceeds from the sold receivables are reflected in operating cash flows on the statement of cash flows.
MARPA activity consisted of the following (in thousands):
As of and for the
Nine Months Ended March 31,
20252024
Beginning balance:$250,000 $200,000 
Sales of receivables2,814,912 2,423,064 
Cash collections(2,764,912)(2,373,064)
Outstanding balance sold to Purchaser(1):
300,000 250,000 
Cash collected, not remitted to Purchaser(2)
(79,150)(85,120)
Remaining sold receivables$220,850 $164,880 
__________________________________________________
(1)For the nine months ended March 31, 2025 and 2024, the Company recorded a net cash inflow of $50.0 million and a net cash inflow of $50.0 million in its cash flows from operating activities, respectively, from sold receivables. MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year.
(2)Includes the cash collected on behalf of but not yet remitted to Purchaser as of March 31, 2025 and 2024. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.
v3.25.1
Debt
 9 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt consisted of the following (in thousands):
March 31, 2025June 30, 2024
Bank credit facility – term loans$1,087,188 $1,133,125 
Bank credit facility – revolver loans1,290,000 415,000 
Term loan B facility748,125 — 
Principal amount of long-term debt3,125,313 1,548,125 
Less unamortized discounts and debt issuance costs(13,157)(5,488)
Total long-term debt3,112,156 1,542,637 
Less current portion(68,750)(61,250)
Long-term debt, net of current portion$3,043,406 $1,481,387 
Bank Credit Facility
On December 13, 2021, the Company amended its credit facility (the Credit Facility) primarily to extend the maturity date, increase borrowing capacity, and improve pricing. As amended, the Company’s $3,200.0 million Credit Facility consists of a $1,975.0 million revolving credit facility (the Revolving Facility) and a $1,225.0 million term loan (the Term Loan). The Revolving Facility has subfacilities of $100.0 million for same-day swing line loan borrowings and $25.0 million for stand-by letters of credit.
The Revolving Facility is a secured facility that permits continuously renewable borrowings of up to $1,975.0 million. As of March 31, 2025, the Company had $1,290.0 million outstanding under the Revolving Facility and no borrowings on the swing line. The Company pays a quarterly facility fee for the unused portion of the Revolving Facility.
The Term Loan is a five-year secured facility under which principal payments are due in quarterly installments of $7.7 million through December 31, 2023 and $15.3 million thereafter until the balance is due in full on December 13, 2026. As of March 31, 2025, the Company had $1,087.2 million outstanding under the Term Loan.
The interest rates applicable to loans under the Credit Facility are floating interest rates that, at the Company’s option, equal a base rate or a Secured Overnight Financing Rate (SOFR) rate plus, in each case, an applicable margin based upon the Company’s consolidated total net leverage ratio. For the three months ended March 31, 2025, the effective interest rate, including the impact of the Company’s floating-to-fixed interest rate swap agreements and excluding the effect of amortization of debt financing costs, for the outstanding borrowings under the Credit Facility was 5.26%.
The Credit Facility requires the Company to comply with certain financial covenants, including a maximum total leverage ratio and a minimum interest coverage ratio. The Credit Facility also includes customary negative covenants restricting or limiting the Company’s ability to guarantee or incur additional indebtedness, grant liens or other security interests to third parties, make loans or investments, transfer assets, declare dividends or redeem or repurchase capital stock or make other distributions, prepay subordinated indebtedness and engage in mergers, acquisitions or other business combinations, in each case except as expressly permitted under the Credit Facility. As of March 31, 2025, the Company was in compliance with all of the financial covenants. A majority of the Company’s assets serve as collateral under the Credit Facility.
All debt issuance costs are being amortized from the date incurred to the expiration date of the Credit Facility.
Term Loan B Facility
To provide additional financial flexibility for the Company, in connection with the Azure Summit acquisition, the Company entered into a commitment letter (the “Commitment Letter”), dated September 10, 2024, with JPMorgan Chase Bank, N.A. (“JPMorgan”), pursuant to which JPMorgan committed to provide the entire principal amount of a senior secured bridge loan facility in an aggregate principal amount of up to $750.0 million. No amounts were funded pursuant to the Commitment Letter.
On October 30, 2024 the Company completed a new senior secured Term Loan B facility in an aggregate principal amount of $750.0 million, which effectively terminated the Commitment Letter. The Term Loan B facility is a seven-year facility under which principal payments are due in quarterly installments of $1.9 million from March 2025 until the balance is due in full at maturity in October 2031. The interest rates applicable to the Term Loan B facility are floating interest rates that, at the Company’s option, equal a base rate or a term SOFR rate plus an applicable margin.
The Company recognized $9.8 million of debt discount and debt issuance costs related to the Term Loan B financing, which were recorded as an offset against the carrying value of debt and are being amortized to interest expense over the life of the Term Loan B facility using the effective interest method.
Cash Flow Hedges
The Company periodically uses derivative financial instruments as part of a strategy to manage exposure to market risks associated with interest rate fluctuations. The Company has entered into several floating-to-fixed interest rate swap agreements for an aggregate notional amount of $1,000.0 million which hedge a portion of the Company’s floating rate indebtedness. The swaps mature at various dates through 2028. The Company has designated the swaps as cash flow hedges. Unrealized gains are recognized as assets while unrealized losses are recognized as liabilities. The interest rate swap agreements are highly correlated to the changes in interest rates to which the Company is exposed. Realized gains and losses in connection with each required interest payment are reclassified from accumulated other comprehensive income or loss to interest expense. The Company does not hold or issue derivative financial instruments for trading purposes.
The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and nine months ended March 31, 2025 and 2024 is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Gain (loss) recognized in other comprehensive income$(2,399)$14,252 $(1,057)$14,130 
Amounts reclassified to earnings from accumulated other comprehensive loss(3,490)(6,879)(14,046)(20,547)
Other comprehensive income (loss), net of tax$(5,889)$7,373 $(15,103)$(6,417)
v3.25.1
Legal Proceedings and Other Commitments and Contingencies
 9 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Legal Proceedings and Other Commitments and Contingencies Legal Proceedings and Other Commitments and Contingencies
Legal Proceedings
The Company is involved in various claims, lawsuits, and administrative proceedings arising in the normal course of business, none of which, based on current information, are expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows.
On November 12, 2024, a jury reached a $42 million judgment against the Company in an ongoing civil suit alleging that the Company’s employees had conspired with the US military, which lead to acts of wrongdoings committed by the US military against the plaintiffs. On November 25, 2024, the Company filed a motion for dismissal as a matter of law, enumerating numerous grounds. On January 10, 2025, the motion was denied, and the Company filed a notice of appeal to the U.S. Court of Appeals. The Court of Appeals established a briefing schedule but has not yet scheduled the matter for oral argument. The Company is vigorously defending the proceedings and continues to believe that the plaintiffs’ position is completely without merit. No amounts have been recognized in our consolidated financial statements.
Government Contracting
Payments to the Company on cost-plus-fee and time-and-materials contracts are subject to adjustment upon audit by the Defense Contract Audit Agency (DCAA) and other government agencies that do not utilize DCAA’s services. The DCAA has completed audits of the Company’s annual incurred cost proposals through fiscal year 2023. The Company is still negotiating the results of prior years’ audits with the respective cognizant contracting officers and believes its reserves for such are adequate. Adjustments that may result from these audits and the audits not yet started are not expected to have a material effect on the Company’s financial position, results of operations, or cash flows and the Company has accrued its best estimate of potential disallowances. Additionally, the DCAA continually reviews the cost accounting and other practices of government contractors, including the Company. In the course of those reviews, cost accounting and other issues may be identified, discussed and settled.
v3.25.1
Earnings Per Share
 9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per share and the weighted-average number of diluted shares are computed as follows (in thousands, except per share data):
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Net income$111,860 $115,350 $341,975 $285,267 
Weighted-average number of basic shares outstanding during the period22,279 22,292 22,332 22,407 
Dilutive effect of equity awards104 186 153 186 
Weighted-average number of diluted shares outstanding during the period22,383 22,478 22,485 22,593 
Basic earnings per share$5.02 $5.17 $15.31 $12.73 
Diluted earnings per share$5.00 $5.13 $15.21 $12.63 
Share Repurchases
During the third quarter of fiscal 2025, CACI repurchased 0.4 million shares of its outstanding common stock for $150.0 million on the open market at an average share price of $344.35 under the 2023 Repurchase Program. The total remaining authorization for future common share repurchases under the 2023 Repurchase Program was $187.3 million as of March 31, 2025.
v3.25.1
Income Taxes
 9 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company is subject to income taxes in the U.S. and various state and foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require the application of significant judgment. The Company is currently under examination by the Internal Revenue Service for fiscal 2017 through 2021 and one state jurisdiction for fiscal 2019 and 2020. The Company does not expect resolution of these examinations to have a material impact on its results of operations, financial condition or cash flows.
During fiscal 2023, a provision of the Tax Cuts and Jobs Act of 2017 (TCJA) went into effect that eliminated the option to deduct domestic research and development costs in the year incurred and instead requires taxpayers to capitalize and amortize such costs over five years. Based upon our interpretation of the law as currently enacted, we estimate that the fiscal 2025 impact will result in increases of $47.7 million to both our income taxes payable and net deferred tax assets. The future impact of this provision will depend on any guidance issued by the Treasury Department regarding the identification of appropriate costs for capitalization, and the amount of future research and development expenses paid or incurred (among other factors). For the nine months ended March 31, 2025, the Company recognized a $36.0 million increase in income taxes payable, with a corresponding increase to net deferred tax assets.
The Organisation for Economic Co-operation and Development (OECD) has a framework to implement a global minimum corporate tax of 15% for companies with global revenues and profits above certain thresholds (referred to as Pillar 2). While it is uncertain whether the U.S. will enact legislation to adopt Pillar 2, certain countries in which we operate have adopted legislation, and other countries are in the process of introducing legislation to implement Pillar 2. We do not expect Pillar 2 to have a material impact on our effective tax rate or our consolidated results of operation, financial position, and cash flows.
The Company’s effective income tax rate was 26.0% and 23.0% for the three and nine months ended March 31, 2025, respectively, and 24.9% and 23.2% for the three and nine months ended March 31, 2024, respectively. The effective tax rates for the three and nine months ended March 31, 2025, and 2024 differ from the statutory rate of 21.0% primarily due to research and development tax credits and state income taxes.
v3.25.1
Business Segments
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company reports operating results and financial data in two segments: domestic operations and international operations. Domestic operations provide Expertise and Technology primarily to U.S. federal government agencies. International operations provide Expertise and Technology primarily to international government and commercial customers.
The Company evaluates the performance of its operating segments based on net income. Summarized financial information for the Company’s reportable segments is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Revenues:
  Domestic$2,105,120 $1,877,986 $6,140,597 $5,453,162 
  International61,862 59,470 183,083 168,375 
Total revenues$2,166,982 $1,937,456 $6,323,680 $5,621,537 
Net income:
  Domestic$103,150 $106,598 $306,260 $257,901 
  International8,710 8,752 35,715 27,366 
Total net income$111,860 $115,350 $341,975 $285,267 
v3.25.1
Fair Value Measurements
 9 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
ASC 820, Fair Value Measurements and Disclosures, establishes a framework for measuring fair value and categorizes the inputs used in measuring fair value as follows: observable inputs such as quoted prices in active markets (Level 1); inputs other than quoted prices in active markets that are observable, either directly or indirectly, or quoted prices that are not active (Level 2); and unobservable inputs in which there is little or no market data which requires development of assumptions that market participants would use in pricing the asset or liability (Level 3).
The financial instruments measured at fair value on a recurring basis consist of the following (in thousands):
Description of Financial Instrument Financial Statement
Classification		Fair Value
Hierarchy		March 31, 2025June 30, 2024
Fair Value
Contingent considerationOther accrued expenses and current liabilitiesLevel 3$(3,560)$(3,061)
Contingent considerationOther long-term liabilitiesLevel 3$(5,203)$(13,737)
Interest rate swap agreementsPrepaid expenses and other current assetsLevel 2$515 $— 
Interest rate swap agreementsOther long-term assetsLevel 2$12,883 $33,327 
Interest rate swap agreementsOther long-term liabilitiesLevel 2$(280)$— 
The Company uses interest rate swap agreements to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves.
The Company recognized contingent consideration liabilities in connection with certain acquisitions, representing potential earnout payments and other contingent payments. The fair values of these liabilities were determined using a valuation model which included an assessment of the most likely outcome, assumptions related to projected earnings of the acquired company and the application of a discount rate when applicable. Fair value of contingent consideration is reassessed quarterly, including an analysis of the significant inputs used in the evaluation, as well as the accretion of the discount. Changes in the fair value of contingent consideration are reflected within indirect costs and selling expenses and were $8.6 million and zero for the nine months ended March 31, 2025 and 2024, respectively.
v3.25.1
Subsequent Event
 9 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
In April 2025, CACI Limited acquired Identity E2E Limited (E2E) for $51.8 million, in cash, subject to working capital adjustments plus potential future earnout payments up to $7.8 million. E2E provides specialized technology services in biometrics and cloud engineering to customers within the United Kingdom.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure        
Net income $ 111,860 $ 115,350 $ 341,975 $ 285,267
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
Basis of Presentation (Policies)
 9 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements of CACI International Inc and subsidiaries (CACI or the Company) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and include the assets, liabilities, results of operations, comprehensive income and cash flows for the Company, including its subsidiaries and ventures that are majority-owned or otherwise controlled by the Company. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year presentation.
The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and amounts included in other current assets and current liabilities that meet the definition of a financial instrument approximate fair value because of the short-term nature of these amounts. The fair value of the Company’s debt outstanding as of March 31, 2025 under its bank credit facility approximates its carrying value. The fair value of the Company’s debt under its bank credit facility was estimated using Level 2 inputs based on market data of companies with a corporate rating similar to CACI’s that have recently priced credit facilities.
In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation of the periods presented. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s latest annual report to the SEC on Form 10-K for the year ended June 30, 2024. The results of operations for the three and nine months ended March 31, 2025 are not necessarily indicative of the results to be expected for any subsequent interim period or for the full fiscal year.
Accounting Standards Updates Issued but Not Yet Adopted and Accounting Standards Updates Adopted
Accounting Standards Updates Issued but Not Yet Adopted
In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures, which requires disclosure of significant segment expenses and other segment items in annual and interim periods. The ASU will be effective beginning with our annual fiscal 2025 financial statements and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impacts of the new standard on our segment disclosures.
In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires disaggregated information about an entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU will be effective beginning with our annual fiscal 2026 financial statements and should be applied prospectively. Retrospective application is permitted. We are currently evaluating the impacts of the new standard on our income tax disclosures.
In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, to enhance the transparency of certain expense disclosures. The ASU requires disclosure of specific types of expenses included in the expense captions of the consolidated statement of operations. The ASU will be effective beginning with our annual fiscal 2028 financial statements and may be adopted prospectively or retrospectively. We are currently evaluating the impacts of the new standard.
Accounting Standards Updates Adopted
There have been no recently adopted accounting pronouncements that are material to the Company's consolidated financial statements.
v3.25.1
Acquisitions (Tables)
 9 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed :
Accounts receivable, net$84,011 
Prepaid expenses and other current assets31,511 
Goodwill566,176 
Intangible assets, net635,000 
Property, plant and equipment, net16,349 
Operating lease right-of-use assets9,607 
Other long-term assets211 
Accounts payable(16,182)
Accrued compensation and benefits(3,860)
Other accrued expenses and current liabilities(4,570)
Operating lease liabilities, noncurrent(8,062)
Total estimated consideration$1,310,191 
v3.25.1
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the nine months ended March 31, 2025 are as follows (in thousands):
Domestic International Total
Balance at June 30, 2024$3,974,823 $180,021 $4,154,844 
Goodwill acquired(1)
783,633 74 783,707 
Foreign currency translation(1,033)4,046 3,013 
Balance at March 31, 2025$4,757,423 $184,141 $4,941,564 
__________________________________________________
(1)Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
March 31, 2025June 30, 2024
Gross carrying valueAccumulated
amortization 		Net carrying
value		Gross carrying
value		Accumulated
amortization 		Net carrying
value
Customer contracts and related customer relationships$1,050,683 $(407,662)$643,021 $695,944 $(353,159)$342,785 
Acquired technologies646,723 (172,513)474,210 271,285 (139,716)131,569 
Total intangible assets$1,697,406 $(580,175)$1,117,231 $967,229 $(492,875)$474,354 
v3.25.1
Revenues and Contract Balances (Tables)
 9 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenues
Disaggregated revenues by contract type were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,316,805 $— $1,316,805 $3,837,028 $— $3,837,028 
Fixed-price533,735 39,729 573,464 1,537,759 113,820 1,651,579 
Time-and-materials254,580 22,133 276,713 765,810 69,263 835,073 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,174,219 $— $1,174,219 $3,411,128 $— $3,411,128 
Fixed-price484,980 36,007 520,987 1,437,282 105,326 1,542,608 
Time-and-materials218,787 23,463 242,250 604,752 63,049 667,801 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Disaggregated revenues by customer type were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,652,206 $— $1,652,206 $4,765,472 $— $4,765,472 
Federal civilian agencies431,453 — 431,453 1,304,515 — 1,304,515 
Commercial and other21,461 61,862 83,323 70,610 183,083 253,693 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,452,264 $— $1,452,264 $4,163,079 $— $4,163,079 
Federal civilian agencies381,214 — 381,214 1,178,500 — 1,178,500 
Commercial and other44,508 59,470 103,978 111,583 168,375 279,958 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Disaggregated revenues by prime vs. subcontractor were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$1,900,648 $55,105 $1,955,753 $5,535,517 $162,753 $5,698,270 
Subcontractor204,472 6,757 211,229 605,080 20,330 625,410 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$1,689,140 $52,637 $1,741,777 $4,878,820 $148,696 $5,027,516 
Subcontractor188,846 6,833 195,679 574,342 19,679 594,021 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Disaggregated revenues by expertise or technology were as follows (in thousands):
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Expertise$941,805 $31,232 $973,037 $2,794,191 $93,011 $2,887,202 
Technology1,163,315 30,630 1,193,945 3,346,406 90,072 3,436,478 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Three Months Ended March 31, 2024Nine Months Ended March 31, 2024
DomesticInternationalTotalDomesticInternationalTotal
Expertise$895,791 $21,164 $916,955 $2,583,634 $60,956 $2,644,590 
Technology982,195 38,306 1,020,501 2,869,528 107,419 2,976,947 
Total$1,877,986 $59,470 $1,937,456 $5,453,162 $168,375 $5,621,537 
Schedule of Contract Assets and Liabilities
Contract balances consisted of the following (in thousands):
Description of Contract Related BalanceFinancial Statement ClassificationMarch 31, 2025June 30, 2024
Billed and billable receivablesAccounts receivable, net$979,486 $885,552 
Contract assets – current unbilled receivablesAccounts receivable, net252,805 145,759 
Contract assets – current costs to obtainPrepaid expenses and other current assets6,885 6,142 
Contract assets – noncurrent unbilled receivablesAccounts receivable, long-term14,722 13,311 
Contract assets – noncurrent costs to obtainOther long-term assets13,895 12,310 
Contract liabilities – current deferred revenue and other contract liabilitiesOther accrued expenses and current liabilities(144,832)(139,745)
Contract liabilities – noncurrent deferred revenue and other contract liabilitiesOther long-term liabilities(4,009)(4,607)
v3.25.1
Inventories (Tables)
 9 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Components of Inventories
Inventories consisted of the following (in thousands):
March 31, 2025June 30, 2024
Materials, purchased parts and supplies$91,986 $77,743 
Work in process15,889 13,331 
Finished goods27,734 27,365 
Total$135,609 $118,439 
v3.25.1
Sales of Receivables (Tables)
 9 Months Ended
Mar. 31, 2025
Transfers and Servicing of Financial Assets [Abstract]  
Schedule of MARPA Activity
MARPA activity consisted of the following (in thousands):
As of and for the
Nine Months Ended March 31,
20252024
Beginning balance:$250,000 $200,000 
Sales of receivables2,814,912 2,423,064 
Cash collections(2,764,912)(2,373,064)
Outstanding balance sold to Purchaser(1):
300,000 250,000 
Cash collected, not remitted to Purchaser(2)
(79,150)(85,120)
Remaining sold receivables$220,850 $164,880 
__________________________________________________
(1)For the nine months ended March 31, 2025 and 2024, the Company recorded a net cash inflow of $50.0 million and a net cash inflow of $50.0 million in its cash flows from operating activities, respectively, from sold receivables. MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year.
(2)Includes the cash collected on behalf of but not yet remitted to Purchaser as of March 31, 2025 and 2024. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.
v3.25.1
Debt (Tables)
 9 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in thousands):
March 31, 2025June 30, 2024
Bank credit facility – term loans$1,087,188 $1,133,125 
Bank credit facility – revolver loans1,290,000 415,000 
Term loan B facility748,125 — 
Principal amount of long-term debt3,125,313 1,548,125 
Less unamortized discounts and debt issuance costs(13,157)(5,488)
Total long-term debt3,112,156 1,542,637 
Less current portion(68,750)(61,250)
Long-term debt, net of current portion$3,043,406 $1,481,387 
Schedule of Cash Flow Hedges
The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and nine months ended March 31, 2025 and 2024 is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Gain (loss) recognized in other comprehensive income$(2,399)$14,252 $(1,057)$14,130 
Amounts reclassified to earnings from accumulated other comprehensive loss(3,490)(6,879)(14,046)(20,547)
Other comprehensive income (loss), net of tax$(5,889)$7,373 $(15,103)$(6,417)
v3.25.1
Earnings Per Share (Tables)
 9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share and the weighted-average number of diluted shares are computed as follows (in thousands, except per share data):
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Net income$111,860 $115,350 $341,975 $285,267 
Weighted-average number of basic shares outstanding during the period22,279 22,292 22,332 22,407 
Dilutive effect of equity awards104 186 153 186 
Weighted-average number of diluted shares outstanding during the period22,383 22,478 22,485 22,593 
Basic earnings per share$5.02 $5.17 $15.31 $12.73 
Diluted earnings per share$5.00 $5.13 $15.21 $12.63 
v3.25.1
Business Segments (Tables)
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information of Reportable Segments Summarized financial information for the Company’s reportable segments is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Revenues:
  Domestic$2,105,120 $1,877,986 $6,140,597 $5,453,162 
  International61,862 59,470 183,083 168,375 
Total revenues$2,166,982 $1,937,456 $6,323,680 $5,621,537 
Net income:
  Domestic$103,150 $106,598 $306,260 $257,901 
  International8,710 8,752 35,715 27,366 
Total net income$111,860 $115,350 $341,975 $285,267 
v3.25.1
Fair Value Measurements (Tables)
 9 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Recurring Fair Value Measurements
The financial instruments measured at fair value on a recurring basis consist of the following (in thousands):
Description of Financial Instrument Financial Statement
Classification		Fair Value
Hierarchy		March 31, 2025June 30, 2024
Fair Value
Contingent considerationOther accrued expenses and current liabilitiesLevel 3$(3,560)$(3,061)
Contingent considerationOther long-term liabilitiesLevel 3$(5,203)$(13,737)
Interest rate swap agreementsPrepaid expenses and other current assetsLevel 2$515 $— 
Interest rate swap agreementsOther long-term assetsLevel 2$12,883 $33,327 
Interest rate swap agreementsOther long-term liabilitiesLevel 2$(280)$— 
v3.25.1
Acquisitions - Narrative (Details) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2025
Oct. 30, 2024
Oct. 01, 2024
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2024
Business Acquisition [Line Items]            
Payments to acquire businesses       $ 1,642,075 $ 81,577  
Goodwill $ 4,941,564     4,941,564   $ 4,154,844
Goodwill acquired       783,707    
AI Corporate Holdings, Inc            
Business Acquisition [Line Items]            
Payments to acquire businesses     $ 314,200      
Applied Insight            
Business Acquisition [Line Items]            
Payments to acquire businesses     314,200      
Goodwill     217,500      
Identifiable intangible assets     95,200      
Amount of tax deductible goodwill and intangibles     248,600      
Applied Insight | Customer Relationships            
Business Acquisition [Line Items]            
Identifiable intangible assets     $ 84,300      
Acquired finite-lived intangible assets, weighted average useful life     8 years      
Applied Insight | Acquired technologies            
Business Acquisition [Line Items]            
Identifiable intangible assets     $ 10,900      
Acquired finite-lived intangible assets, weighted average useful life     5 years      
Azure Summit Technology, Inc            
Business Acquisition [Line Items]            
Payments to acquire businesses   $ 1,310,200        
Goodwill   566,176        
Goodwill acquired $ 22,600          
Accounts receivable, measurement period adjustments       $ (7,900)    
Useful life 25 years     25 years    
Intangible assets, measurement period adjustment       $ (14,500)    
Intangible assets, net   635,000        
Azure Summit Technology, Inc | Customer Relationships            
Business Acquisition [Line Items]            
Intangible assets, net   $ 270,500        
Azure Summit Technology, Inc | Customer Relationships | Minimum            
Business Acquisition [Line Items]            
Acquired finite-lived intangible assets, weighted average useful life   10 years        
Azure Summit Technology, Inc | Customer Relationships | Maximum            
Business Acquisition [Line Items]            
Acquired finite-lived intangible assets, weighted average useful life   20 years        
Azure Summit Technology, Inc | Acquired technologies            
Business Acquisition [Line Items]            
Intangible assets, net   $ 364,500        
Azure Summit Technology, Inc | Acquired technologies | Minimum            
Business Acquisition [Line Items]            
Acquired finite-lived intangible assets, weighted average useful life   20 years        
Azure Summit Technology, Inc | Acquired technologies | Maximum            
Business Acquisition [Line Items]            
Acquired finite-lived intangible assets, weighted average useful life   25 years        
Azure Summit and Applied Insight            
Business Acquisition [Line Items]            
Acquisition-related expenses       13,500    
Azure Summit and Applied Insight | Domestic Reportable Segment            
Business Acquisition [Line Items]            
Revenues       $ 207,400    
v3.25.1
Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Oct. 30, 2024
Jun. 30, 2024
Business Acquisition [Line Items]      
Goodwill $ 4,941,564   $ 4,154,844
Azure Summit Technology, Inc      
Business Acquisition [Line Items]      
Accounts receivable, net   $ 84,011  
Prepaid expenses and other current assets   31,511  
Goodwill   566,176  
Intangible assets, net   635,000  
Property, plant and equipment, net   16,349  
Operating lease right-of-use assets   9,607  
Other long-term assets   211  
Accounts payable   (16,182)  
Accrued compensation and benefits   (3,860)  
Other accrued expenses and current liabilities   (4,570)  
Operating lease liabilities, noncurrent   (8,062)  
Total estimated consideration   $ 1,310,191  
v3.25.1
Goodwill and Intangible Assets - Schedule of Changes in Goodwill (Details)
$ in Thousands
 9 Months Ended
Mar. 31, 2025
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 4,154,844
Goodwill acquired 783,707
Foreign currency translation 3,013
Ending balance 4,941,564
Domestic  
Goodwill [Roll Forward]  
Beginning balance 3,974,823
Goodwill acquired 783,633
Foreign currency translation (1,033)
Ending balance 4,757,423
International  
Goodwill [Roll Forward]  
Beginning balance 180,021
Goodwill acquired 74
Foreign currency translation 4,046
Ending balance $ 184,141
v3.25.1
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Finite Lived Intangible Assets [Line Items]    
Gross carrying value $ 1,697,406 $ 967,229
Accumulated amortization (580,175) (492,875)
Net carrying value 1,117,231 474,354
Customer contracts and related customer relationships    
Finite Lived Intangible Assets [Line Items]    
Gross carrying value 1,050,683 695,944
Accumulated amortization (407,662) (353,159)
Net carrying value 643,021 342,785
Acquired technologies    
Finite Lived Intangible Assets [Line Items]    
Gross carrying value 646,723 271,285
Accumulated amortization (172,513) (139,716)
Net carrying value $ 474,210 $ 131,569
v3.25.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 36.8 $ 18.4 $ 87.2 $ 55.1
v3.25.1
Revenues and Contract Balances - Disaggregation of Revenues (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Disaggregation Of Revenue [Line Items]        
Revenues $ 2,166,982 $ 1,937,456 $ 6,323,680 $ 5,621,537
Expertise        
Disaggregation Of Revenue [Line Items]        
Revenues 973,037 916,955 2,887,202 2,644,590
Technology        
Disaggregation Of Revenue [Line Items]        
Revenues 1,193,945 1,020,501 3,436,478 2,976,947
Prime contractor        
Disaggregation Of Revenue [Line Items]        
Revenues 1,955,753 1,741,777 5,698,270 5,027,516
Subcontractor        
Disaggregation Of Revenue [Line Items]        
Revenues 211,229 195,679 625,410 594,021
Department of Defense        
Disaggregation Of Revenue [Line Items]        
Revenues 1,652,206 1,452,264 4,765,472 4,163,079
Federal civilian agencies        
Disaggregation Of Revenue [Line Items]        
Revenues 431,453 381,214 1,304,515 1,178,500
Commercial and other        
Disaggregation Of Revenue [Line Items]        
Revenues 83,323 103,978 253,693 279,958
Cost-plus-fee        
Disaggregation Of Revenue [Line Items]        
Revenues 1,316,805 1,174,219 3,837,028 3,411,128
Fixed-price        
Disaggregation Of Revenue [Line Items]        
Revenues 573,464 520,987 1,651,579 1,542,608
Time-and-materials        
Disaggregation Of Revenue [Line Items]        
Revenues 276,713 242,250 835,073 667,801
Domestic        
Disaggregation Of Revenue [Line Items]        
Revenues 2,105,120 1,877,986 6,140,597 5,453,162
Domestic | Expertise        
Disaggregation Of Revenue [Line Items]        
Revenues 941,805 895,791 2,794,191 2,583,634
Domestic | Technology        
Disaggregation Of Revenue [Line Items]        
Revenues 1,163,315 982,195 3,346,406 2,869,528
Domestic | Prime contractor        
Disaggregation Of Revenue [Line Items]        
Revenues 1,900,648 1,689,140 5,535,517 4,878,820
Domestic | Subcontractor        
Disaggregation Of Revenue [Line Items]        
Revenues 204,472 188,846 605,080 574,342
Domestic | Department of Defense        
Disaggregation Of Revenue [Line Items]        
Revenues 1,652,206 1,452,264 4,765,472 4,163,079
Domestic | Federal civilian agencies        
Disaggregation Of Revenue [Line Items]        
Revenues 431,453 381,214 1,304,515 1,178,500
Domestic | Commercial and other        
Disaggregation Of Revenue [Line Items]        
Revenues 21,461 44,508 70,610 111,583
Domestic | Cost-plus-fee        
Disaggregation Of Revenue [Line Items]        
Revenues 1,316,805 1,174,219 3,837,028 3,411,128
Domestic | Fixed-price        
Disaggregation Of Revenue [Line Items]        
Revenues 533,735 484,980 1,537,759 1,437,282
Domestic | Time-and-materials        
Disaggregation Of Revenue [Line Items]        
Revenues 254,580 218,787 765,810 604,752
International        
Disaggregation Of Revenue [Line Items]        
Revenues 61,862 59,470 183,083 168,375
International | Expertise        
Disaggregation Of Revenue [Line Items]        
Revenues 31,232 21,164 93,011 60,956
International | Technology        
Disaggregation Of Revenue [Line Items]        
Revenues 30,630 38,306 90,072 107,419
International | Prime contractor        
Disaggregation Of Revenue [Line Items]        
Revenues 55,105 52,637 162,753 148,696
International | Subcontractor        
Disaggregation Of Revenue [Line Items]        
Revenues 6,757 6,833 20,330 19,679
International | Department of Defense        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Federal civilian agencies        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Commercial and other        
Disaggregation Of Revenue [Line Items]        
Revenues 61,862 59,470 183,083 168,375
International | Cost-plus-fee        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Fixed-price        
Disaggregation Of Revenue [Line Items]        
Revenues 39,729 36,007 113,820 105,326
International | Time-and-materials        
Disaggregation Of Revenue [Line Items]        
Revenues $ 22,133 $ 23,463 $ 69,263 $ 63,049
v3.25.1
Revenues and Contract Balances - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Change In Accounting Estimate [Line Items]        
Income before income taxes $ 151,252,000 $ 153,636,000 $ 444,355,000 $ 371,200,000
Diluted earnings per share (in dollars per share) $ 5.00 $ 5.13 $ 15.21 $ 12.63
EAC Adjustments        
Change In Accounting Estimate [Line Items]        
Income before income taxes $ 3,400,000 $ 7,500,000 $ 11,100,000 $ 24,500,000
Diluted earnings per share (in dollars per share) $ 0.11 $ 0.25 $ 0.37 $ 0.81
Revenue from previously satisfied performance obligations $ 0 $ 0 $ 0 $ 0
v3.25.1
Revenues and Contract Balances - Remaining Performance Obligations (Details)
$ in Billions
Mar. 31, 2025
USD ($)
Remaining Performance Obligations [Line Items]  
Remaining performance obligations $ 11.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-04-01  
Remaining Performance Obligations [Line Items]  
Remaining performance obligations, expected satisfaction, percentage 44.00%
Remaining performance obligations, expected satisfaction, percentage, periods one and two 63.00%
Remaining performance obligations, expected timing of satisfaction 12 months
Remaining performance obligations, expected timing of satisfaction, periods one and two 24 months
v3.25.1
Revenues and Contract Balances - Schedule of Contract Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Contract with Customer, Asset and Liability [Abstract]    
Billed and billable receivables $ 979,486 $ 885,552
Contract assets – current unbilled receivables 252,805 145,759
Contract assets – current costs to obtain 6,885 6,142
Contract assets – noncurrent unbilled receivables 14,722 13,311
Contract assets – noncurrent costs to obtain 13,895 12,310
Contract liabilities – current deferred revenue and other contract liabilities (144,832) (139,745)
Contract liabilities – noncurrent deferred revenue and other contract liabilities $ (4,009) $ (4,607)
v3.25.1
Revenues and Contract Balances - Change in Contract with Customer Liability (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]        
Liability, revenue recognized $ 18.3 $ 23.0 $ 111.8 $ 117.4
v3.25.1
Inventories (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Inventory Disclosure [Abstract]    
Materials, purchased parts and supplies $ 91,986 $ 77,743
Work in process 15,889 13,331
Finished goods 27,734 27,365
Total $ 135,609 $ 118,439
v3.25.1
Sales of Receivables - Narrative (Details)
$ in Millions
Dec. 20, 2024
USD ($)
Transfers and Servicing of Financial Assets [Abstract]  
MARPA maximum commitment $ 300.0
v3.25.1
Sales of Receivables - Schedule of MARPA Activity (Details) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Transfer of Financial Assets Accounted for as Sales, Amount [Roll Forward]    
Beginning balance $ 250,000 $ 200,000
Sales of receivables 2,814,912 2,423,064
Cash collections (2,764,912) (2,373,064)
Outstanding balance sold to purchaser 300,000 250,000
Cash collected, not remitted to purchaser (79,150) (85,120)
Remaining sold receivables 220,850 164,880
Cash provided (used) by MARPA $ 50,000 $ 50,000
v3.25.1
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Debt Instrument [Line Items]    
Principal amount of long-term debt $ 3,125,313 $ 1,548,125
Less unamortized discounts and debt issuance costs (13,157) (5,488)
Total long-term debt 3,112,156 1,542,637
Less current portion (68,750) (61,250)
Long-term debt, net of current portion 3,043,406 1,481,387
Bank credit facility – term loans    
Debt Instrument [Line Items]    
Principal amount of long-term debt 1,087,200  
Bank credit facility – term loans | Line of Credit    
Debt Instrument [Line Items]    
Principal amount of long-term debt 1,087,188 1,133,125
Bank credit facility – term loans | Term loan B facility | Line of Credit    
Debt Instrument [Line Items]    
Principal amount of long-term debt 748,125 0
Bank credit facility – revolver loans    
Debt Instrument [Line Items]    
Principal amount of long-term debt 1,290,000  
Bank credit facility – revolver loans | Line of Credit    
Debt Instrument [Line Items]    
Principal amount of long-term debt $ 1,290,000 $ 415,000
v3.25.1
Debt - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
Oct. 30, 2024
Mar. 31, 2025
Mar. 31, 2025
Jun. 30, 2024
Dec. 13, 2021
Debt Instrument [Line Items]          
Principal amount of long-term debt   $ 3,125,313,000 $ 3,125,313,000 $ 1,548,125,000  
Debt discount and debt issuance costs   13,157,000 13,157,000 $ 5,488,000  
Term Loan B Facility          
Debt Instrument [Line Items]          
Debt discount and debt issuance costs $ 9,800,000        
Azure Summit Technology, Inc          
Debt Instrument [Line Items]          
Commitment letter amount to be available $ 750,000,000.0        
Interest rate swap agreements | Cash flow hedging          
Debt Instrument [Line Items]          
Aggregate notional amount   1,000,000,000 $ 1,000,000,000    
Term loans | Azure Summit Technology, Inc | Term Loan B Facility          
Debt Instrument [Line Items]          
Term loan period 7 years        
Debt instrument face amount $ 750,000,000.0        
Term loan B principal payment   $ 1,900,000      
Bank Credit Facility          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity         $ 3,200,000,000
Outstanding borrowings interest rate   5.26% 5.26%    
Revolving credit facility          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity         1,975,000,000
Principal amount of long-term debt   $ 1,290,000,000 $ 1,290,000,000    
Term loans          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity         1,225,000,000
Principal amount of long-term debt   1,087,200,000 $ 1,087,200,000    
Term loan period     5 years    
Term loan principal payment     $ 7,700,000    
Term loans | Principal payment after December 31, 2023          
Debt Instrument [Line Items]          
Term loan principal payment     15,300,000    
Same-Day Swing Line Loan Revolving Credit Sub-Facility          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity         100,000,000.0
Principal amount of long-term debt   $ 0 $ 0    
Stand-By Letters Of Credit Revolving Credit Sub-Facility          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity         $ 25,000,000.0
v3.25.1
Debt - Schedule of Cash Flow Hedges (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Debt Disclosure [Abstract]        
Gain (loss) recognized in other comprehensive income $ (2,399) $ 14,252 $ (1,057) $ 14,130
Amounts reclassified to earnings from accumulated other comprehensive loss (3,490) (6,879) (14,046) (20,547)
Other comprehensive income (loss), net of tax $ (5,889) $ 7,373 $ (15,103) $ (6,417)
v3.25.1
Legal Proceedings and Other Commitments and Contingencies (Details)
$ in Millions
Nov. 12, 2024
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Loss contingency, estimate of possible loss $ 42
v3.25.1
Earnings Per Share - Weighted Average (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share [Abstract]        
Net income $ 111,860 $ 115,350 $ 341,975 $ 285,267
Weighted-average number of basic shares outstanding during the period (in shares) 22,279 22,292 22,332 22,407
Dilutive effect of equity awards (in shares) 104 186 153 186
Weighted-average number of diluted shares outstanding during the period (in shares) 22,383 22,478 22,485 22,593
Basic earnings per share (in dollars per share) $ 5.02 $ 5.17 $ 15.31 $ 12.73
Diluted earnings per share (in dollars per share) $ 5.00 $ 5.13 $ 15.21 $ 12.63
v3.25.1
Earnings Per Share - Narrative (Details)
$ / shares in Units, shares in Millions, $ in Millions
 9 Months Ended
Mar. 31, 2025
USD ($)
$ / shares
shares
Open Market Repurchases  
Equity, Class of Treasury Stock [Line Items]  
Shares repurchased (in shares) | shares 0.4
Payment for repurchase of common stock $ 150.0
Shares repurchased, average price per share (in dollars per share) | $ / shares $ 344.35
2023 Repurchase Program  
Equity, Class of Treasury Stock [Line Items]  
Share repurchase program, remaining authorized amount $ 187.3
v3.25.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Jun. 30, 2025
Effective Income Tax Rate Reconciliation [Line Items]          
Income taxes payable, increase     $ 36.0    
Effective income tax rate 26.00% 24.90% 23.00% 23.20%  
Forecast          
Effective Income Tax Rate Reconciliation [Line Items]          
Expected increase in income tax payable and net deferred tax assets         $ 47.7
v3.25.1
Business Segments - Narrative (Details)
 9 Months Ended
Mar. 31, 2025
segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.25.1
Business Segments - Schedule of Summarized Financial Information of Reportable Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]        
Revenues $ 2,166,982 $ 1,937,456 $ 6,323,680 $ 5,621,537
Net income 111,860 115,350 341,975 285,267
Domestic        
Segment Reporting Information [Line Items]        
Revenues 2,105,120 1,877,986 6,140,597 5,453,162
Domestic | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 2,105,120 1,877,986 6,140,597 5,453,162
Net income 103,150 106,598 306,260 257,901
International        
Segment Reporting Information [Line Items]        
Revenues 61,862 59,470 183,083 168,375
International | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 61,862 59,470 183,083 168,375
Net income $ 8,710 $ 8,752 $ 35,715 $ 27,366
v3.25.1
Fair Value Measurements - Schedule of Recurring Fair Value Measurements (Details) - Recurring - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Level 2 | Interest rate swap agreements    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate swap agreements $ (280) $ 0
Other accrued expenses and current liabilities | Level 3 | Contingent consideration    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Contingent consideration (3,560) (3,061)
Other long-term liabilities | Level 3 | Contingent consideration    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Contingent consideration (5,203) (13,737)
Prepaid expenses and other current assets | Level 2 | Interest rate swap agreements    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate swap agreements 515 0
Other long-term assets | Level 2 | Interest rate swap agreements    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate swap agreements $ 12,883 $ 33,327
v3.25.1
Fair Value Measurements - Narrative (Details) - USD ($)
$ in Millions
 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Fair Value Disclosures [Abstract]    
Change in contingent consideration $ 8.6 $ 0.0
v3.25.1
Subsequent Event (Details) - Subsequent event
$ in Millions
 1 Months Ended
Apr. 24, 2025
USD ($)
Subsequent Event [Line Items]  
Payments to acquire business, gross $ 51.8
Potential future earnout payments $ 7.8