NASDAQ · Financial Statements

Gulf Island Fabrication, Inc. (GIFI) Financial Statements

$12.00 NASDAQ: GIFI Market Cap $191.98M

Gulf Island Fabrication, Inc. most recently reported annual revenue of $159.0M, net profit of $15.0M. Revenue declined at an average annual rate of 12.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Gulf Island Fabrication, Inc.: Revenue fell from $306.0M in 2015 to $159.0M in 2024, a change of -48.0% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -12.6% to 7.7%, a shift of +20.3 percentage points; the most recent year shows net profit of $15.0M.

Income Statement — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Revenue$306.0M$286.0M$171.0M$221.0M$303.0M$118.0M$93.0M$142.0M$151.0M$159.0M
Operating Expenses$345.0M$281.0M$239.0M$241.0M$353.0M$132.0M$107.0M$146.0M$177.0M$147.0M
Operating Profit$-39.0M$5.0M$-68.0M$-20.0M$-50.0M$-14.0M$-13.0M$-3.0M$-26.0M$12.0M
Operating Margin-12.6%1.8%-40.0%-8.9%-16.5%-11.8%-14.4%-2.4%-17.1%7.7%
Other Income$0$0$-1.0M$0$1.0M$0$9.0M$0$1.0M$2.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$26.0M$25.0M$13.0M$10.0M$10.0M$9.0M$5.0M$5.0M$5.0M$5.0M
Profit Before Tax$-39.0M$6.0M$-69.0M$-20.0M$-49.0M$-14.0M$-5.0M$-3.0M$-24.0M$15.0M
Tax$34.5M$36.7M$35.1M$-2.9M$-190,000$370,000$500,000$-690,000$170,000$-350,000
Net Profit$-25.0M$4.0M$-45.0M$-20.0M$-49.0M$-27.0M$-22.0M$-3.0M$-24.0M$15.0M
EPS$-1.75$0.24$-3.02$-1.36$-3.24$-1.79$-0.31$-0.21$-1.51$0.88
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricDec '22Mar '23Jun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25
Revenue$38.0M$62.0M$39.0M$5.0M$45.0M$43.0M$41.0M$38.0M$37.0M$40.0M$38.0M$52.0M
Operating Expenses$38.0M$62.0M$39.0M$39.0M$38.0M$37.0M$40.0M$36.0M$34.0M$37.0M$39.0M$50.0M
Operating Profit$0$0$1.0M$-34.0M$7.0M$6.0M$1.0M$2.0M$4.0M$3.0M$-1.0M$1.0M
Operating Margin1.0%0.5%1.9%-669.6%15.0%13.3%3.1%4.4%9.7%8.1%-2.9%2.2%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$1.0M$1.0M$1.0M$-33.0M$7.0M$6.0M$2.0M$2.0M$4.0M$4.0M$-1.0M$2.0M
Tax$3.7M$1.1M$-1.2M$10,000$-450,000$160,000$-160,000$90,000$-1.4M$50,000$-880,000$-130,000
Net Profit$1.0M$1.0M$1.0M$-33.0M$7.0M$6.0M$2.0M$2.0M$4.0M$4.0M$-1.0M$2.0M
EPS$0.04$0.04$0.07$-2.04$0.44$0.37$0.11$0.14$0.26$0.23$-0.04$0.10

Over the 10 years reported for Gulf Island Fabrication, Inc., cash stood at $27.0M in the latest year, shareholders' equity was $12.0M, current assets covered current liabilities 5.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Total Assets$317.0M$322.0M$271.0M$258.0M$253.0M$237.0M$135.0M$135.0M$128.0M$133.0M
Current Assets$116.0M$113.0M$179.0M$160.0M$163.0M$153.0M$84.0M$87.0M$102.0M$105.0M
Cash$35.0M$51.0M$9.0M$70.0M$50.0M$43.0M$53.0M$33.0M$38.0M$27.0M
Inventory$13.0M$12.0M$5.0M$6.0M$3.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Receivables$60.0M$47.0M$57.0M$52.0M$78.0M$19.0M$21.0M$34.0M$39.0M$31.0M
Fixed Assets$200.0M$206.0M$89.0M$80.0M$72.0M$31.0M$35.0M$31.0M$23.0M$24.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$17.0M$20.0M$8.0M$0$10.0M$8.0M$39.0M
Other Assets$0$0$0$0$0$0$2.0M$2.0M$2.0M$2.0M
Total Liabilities$60.0M$59.0M$51.0M$57.0M$100.0M$112.0M$31.0M$32.0M$49.0M$40.0M
Current Liabilities$38.0M$35.0M$49.0M$56.0M$98.0M$106.0M$30.0M$31.0M$30.0M$21.0M
Borrowings$0$0$0$0$3.0M$10.0M$0$0$20.0M$19.0M
Other Liabilities$60.0M$59.0M$51.0M$57.0M$97.0M$102.0M$31.0M$32.0M$29.0M$21.0M
Equity$10.0M$11.0M$11.0M$11.0M$11.0M$11.0M$11.0M$12.0M$12.0M$12.0M
Reserves$257.0M$263.0M$219.0M$201.0M$153.0M$124.0M$104.0M$103.0M$79.0M$93.0M

For Gulf Island Fabrication, Inc., operating cash flow was positive in 4 of 10 reported years; free cash flow in the latest year was $13.0M; free cash flow was positive in 4 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2015201620172018201920202021202220232024
Operating Cash Flow$11.0M$14.0M$-39.0M$-20.0M$-7.0M$-19.0M$-25.0M$-9.0M$7.0M$18.0M
Investing Cash Flow$-12.0M$-4.0M$-4.0M$79.0M$-17.0M$-9.0M$36.0M$-12.0M$-3.0M$-31.0M
Financing Cash Flow$0$0$-2.0M$-2.0M$-1.0M$0$0$-2.0M$-2.0M$-2.0M
Net Cash Flow$-1.0M$16.0M$-42.0M$61.0M$-21.0M$-7.0M$11.0M$-20.0M$5.0M$-11.0M
Free Cash Flow$5.0M$8.0M$-44.0M$-24.0M$-11.0M$-30.0M$-26.0M$-12.0M$4.0M$13.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.82
EV / EBITDA23.63
FCF Yield3.54%
Quick Ratio3.46
Interest Coverage8.14
Return 1Y—
Return 3Y—
Return 5Y—

Gulf Island Fabrication, Inc. (GIFI) financials — frequently asked questions

What is Gulf Island Fabrication, Inc.'s annual revenue?

Gulf Island Fabrication, Inc. (GIFI) reported annual revenue of $159.0M in its most recent fiscal year.

What is Gulf Island Fabrication, Inc.'s net profit?

Gulf Island Fabrication, Inc. (GIFI) reported net profit of $15.0M in its most recent fiscal year.

What is GIFI EV/EBITDA?

Gulf Island Fabrication, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 23.63.

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