GULF ISLAND FABRICATION INCGIFIEarnings & Financial Report
Gulf Island Fabrication is an American manufacturer of specialized structures and marine vessels used in the energy sector. it owns seven building yards in Louisiana and Texas and has Bechtel as a partner.
GIFI Q3 FY2025 Key Financial Metrics
Revenue
$51.5M
Gross Profit
$4.9M
Operating Profit
$1.1M
Net Profit
$1.6M
Gross Margin
9.5%
Operating Margin
2.2%
Net Margin
3.0%
YoY Growth
36.9%
EPS
$0.10
GULF ISLAND FABRICATION INC Q3 FY2025 Financial Summary
GULF ISLAND FABRICATION INC reported revenue of $51.5M (up 36.9% YoY) for Q3 FY2025, with a net profit of $1.6M (down 32.7% YoY) (3.0% margin). Cost of goods sold was $46.7M, operating expenses totaled $3.7M.
Key Financial Metrics
| Total Revenue | $51.5M |
|---|---|
| Net Profit | $1.6M |
| Gross Margin | 9.5% |
| Operating Margin | 2.2% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
GULF ISLAND FABRICATION INC Q3 FY2025 revenue of $51.5M breaks down across 3 segments, led by Fabrication Segment at $30.6M (59.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Fabrication Segment | $30.6M | 59.3% |
| Time And Materials And Cost Reimbursable | $19.8M | 38.5% |
| Other Basis Of Pricing | $1.0M | 2.0% |
GULF ISLAND FABRICATION INC Revenue by Segment — Quarterly Trend
GULF ISLAND FABRICATION INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Fabrication Segment and Time And Materials And Cost Reimbursable) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Fabrication Segment | $30.6M | $15.8M | $20.7M | — |
| Time And Materials And Cost Reimbursable | $19.8M | — | $18.2M | $17.8M |
| Other Basis Of Pricing | $1.0M | — | $1.4M | — |
GULF ISLAND FABRICATION INC Annual Revenue by Year
GULF ISLAND FABRICATION INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $159.2M).
GULF ISLAND FABRICATION INC Quarterly Revenue & Net Profit History
GULF ISLAND FABRICATION INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $51.5M | +36.9% | $1.6M | 3.0% |
| Q2 FY2025 | $37.5M | -9.0% | $-574.0K | -1.5% |
| Q1 FY2025 | $40.3M | -6.1% | $3.8M | 9.5% |
| Q4 FY2024 | $37.4M | -16.0% | $4.3M | 11.5% |
| Q3 FY2024 | $37.6M | +649.4% | $2.3M | 6.2% |
| Q2 FY2024 | $41.3M | +4.9% | $1.9M | 4.6% |
| Q1 FY2024 | $42.9M | -31.0% | $6.2M | 14.6% |
| Q4 FY2023 | $44.5M | +16.8% | $7.1M | 15.9% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.5M | $42.9M | $41.3M | $37.6M | $37.4M | $40.3M | $37.5M | $51.5M |
| YoY Growth | 16.8% | -31.0% | 4.9% | 649.4% | -16.0% | -6.1% | -9.0% | 36.9% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $128.4M | $127.8M | $133.3M | $130.8M | $133.2M | $138.2M | $134.3M | $146.7M |
| Liabilities | $49.5M | $42.3M | $46.6M | $42.0M | $40.1M | $41.5M | $41.6M | $52.4M |
| Equity | $79.0M | $85.4M | $86.7M | $88.8M | $93.1M | $96.7M | $92.8M | $94.3M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.4M | $7.0M | $3.3M | $5.6M | $2.3M | $2.2M | $2.5M | $2.9M |