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GIFI

Gulf Island Fabrication, Inc.

GIFI

Gulf Island Fabrication, Inc. • NASDAQ
$11.88 ▲ 0.17% (+0.02)
Market Cap $190.49 M
52w High $11.88
52w Low $5.75
Dividend Yield 0%
P/E 21.6
Volume 16.53K
Outstanding Shares 16.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $51.54M ▲ $3.734M ▼ $1.559M ▲ 3.025% ▲ $0.096 ▲ $3.196M ▲
Q2-2025 $37.538M ▼ $4.64M ▲ $-574K ▼ -1.529% ▼ $-0.035 ▼ $15K ▼
Q1-2025 $40.273M ▲ $3.335M ▼ $3.827M ▼ 9.503% ▼ $0.23 ▼ $4.736M ▼
Q4-2024 $37.416M ▼ $3.699M ▲ $4.295M ▲ 11.479% ▲ $0.26 ▲ $4.782M ▲
Q3-2024 $37.64M $2.984M $2.317M 6.156% $0.14 $2.88M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63.362M ▲ $146.726M ▲ $52.422M ▲ $94.304M ▲
Q2-2025 $60.992M ▼ $134.348M ▼ $41.59M ▲ $92.758M ▼
Q1-2025 $66.275M ▲ $138.162M ▲ $41.457M ▲ $96.705M ▲
Q4-2024 $66.068M ▲ $133.216M ▲ $40.114M ▼ $93.102M ▲
Q3-2024 $65.35M $130.768M $41.969M $88.799M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.559M ▲ $2.856M ▲ $-26.186M ▼ $-289K ▲ $-23.619M ▼ $2.659M ▲
Q2-2025 $-574K ▼ $2.539M ▲ $19.312M ▲ $-3.662M ▼ $18.189M ▲ $2.23M ▲
Q1-2025 $3.827M ▼ $2.219M ▼ $-300K ▼ $-567K ▲ $1.352M ▼ $1.912M ▲
Q4-2024 $4.295M ▲ $2.305M ▼ $4.773M ▼ $-1.4M ▼ $5.678M ▼ $1.841M ▼
Q3-2024 $2.317M $5.646M $6.779M $-606K $11.819M $4.332M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fabrication Segment
Fabrication Segment
 $40.00M ▲$20.00M ▼$20.00M ▲$30.00M ▲
Services Segment
Services Segment
 $40.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲
Shipyard Segment
Shipyard Segment
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been through a reset: it fell meaningfully earlier in the period, then climbed back gradually over the last few years. The business is still relatively small and very project‑driven, so results move around with contract timing and execution. Profitability has been uneven, with losses in several years, but the most recent year shows a clear improvement with positive operating and net income. Margins look thin but directionally better, suggesting past restructuring and mix changes are starting to show through, while still leaving little room for major project missteps.

Balance Sheet

Balance Sheet The balance sheet looks lean but generally clean. Total assets have come down from earlier levels, which fits with a company that has streamlined and refocused its operations. Cash has stayed fairly steady for several years, giving some financial flexibility, and debt levels are low, so leverage is not a major concern. Equity dipped as the company absorbed losses, then recovered somewhat with the recent return to profitability. Overall, the company appears conservatively financed, but with only a modest cushion relative to the size and risk of its projects.

Cash Flow

Cash Flow Cash flow has shifted from being a consistent drag to becoming modestly supportive. A few years ago, operations were using cash; more recently, the core business has generated cash instead, reflecting better project execution and cost control. Free cash flow has moved from clearly negative toward slightly positive, helped by very restrained capital spending. This pattern points to improving financial discipline, but also to limited reinvestment, meaning future growth will likely depend more on winning and executing projects with existing capacity than on heavy expansion.

Competitive Edge

Competitive Edge Gulf Island’s edge comes from its experience with large, complex steel projects, its sizable Gulf Coast fabrication yard, and a skilled workforce used to demanding offshore and industrial work. These create meaningful barriers for new entrants, especially given the safety, quality, and logistics requirements of its projects. The company is deliberately reducing its dependence on traditional oil and gas work and leaning into infrastructure, government, subsea, and renewable projects, which broadens its opportunity set. However, it operates in a highly competitive, cyclical, bid‑driven market where project wins, pricing, and execution can swing results sharply. The planned acquisition by IES could strengthen its position with a broader customer base and resources, but also introduces integration risk.

Innovation and R&D

Innovation and R&D Innovation here is more about how the company builds than about lab‑style R&D. Gulf Island emphasizes modular fabrication, advanced welding and cutting, and large‑scale prefabrication in controlled environments to improve quality, safety, and schedules. It has shown an ability to repurpose these capabilities into newer areas like offshore wind components, major bridge work, subsea structures, and even aerospace‑related projects. Under IES, there is potential to pair these fabrication strengths with more technologically advanced infrastructure and data‑center projects. The main risk is that, as a mid‑size player, its pace of process and digital innovation will depend heavily on the capital and strategic priorities of its new parent and the health of its project pipeline.

Summary

Gulf Island looks like a niche industrial fabricator emerging from a difficult stretch and entering a new chapter. Financially, the company has moved from shrinking revenue, recurring losses, and cash burn toward steadier revenue, modest profitability, and slightly positive free cash flow, all supported by a relatively low‑debt balance sheet. Strategically, it is pivoting away from a narrow focus on oil and gas toward a more diversified mix that includes infrastructure, government, subsea, and renewable projects. The pending acquisition by IES is likely to define its next phase, offering scale and diversification benefits but also adding integration and execution uncertainty. Overall, this is a specialized, project‑driven business that appears to be stabilizing and repositioning itself, with results still highly sensitive to contract wins, cost control, and how effectively it is integrated into its prospective new owner.

NEWS

November 27, 2025 · 11:17 PM UTC

HAPPY THANKSGIVING AND INVESTOR ALERT: The M&A Class Action Firm Continues to Investigate the Merger - GIFI, MOVE, NUVSF and ORBI

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November 27, 2025 · 6:42 PM UTC

Halper Sadeh LLC Encourages MOVE and GIFI Shareholders to Contact the Firm to Discuss Their Rights

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November 22, 2025 · 7:51 AM UTC

GIFI Merger Investigation: Halper Sadeh LLC is Investigating Whether the Sale of Gulf Island Fabrication, Inc. is Fair to Shareholders

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November 14, 2025 · 12:54 PM UTC

Halper Sadeh LLC Encourages THS and GIFI Shareholders to Contact the Firm to Discuss Their Rights

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November 11, 2025 · 5:30 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Gulf Island Fabrication, Inc. (NASDAQ: GIFI)

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