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Side-by-side financial comparison of First Foundation Inc. (FFWM) and GULF ISLAND FABRICATION INC (GIFI). Click either name above to swap in a different company.

GULF ISLAND FABRICATION INC is the larger business by last-quarter revenue ($51.5M vs $48.4M, roughly 1.1× First Foundation Inc.). GULF ISLAND FABRICATION INC runs the higher net margin — 3.0% vs -97.9%, a 100.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 36.9%). GULF ISLAND FABRICATION INC produced more free cash flow last quarter ($2.7M vs $-35.2M). Over the past eight quarters, GULF ISLAND FABRICATION INC's revenue compounded faster (7.6% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs GIFI — Head-to-Head

Bigger by revenue
GIFI
GIFI
1.1× larger
GIFI
$51.5M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+384.7% gap
FFWM
421.7%
36.9%
GIFI
Higher net margin
GIFI
GIFI
100.9% more per $
GIFI
3.0%
-97.9%
FFWM
More free cash flow
GIFI
GIFI
$37.9M more FCF
GIFI
$2.7M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
GIFI
GIFI
Annualised
GIFI
7.6%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FFWM
FFWM
GIFI
GIFI
Revenue
$48.4M
$51.5M
Net Profit
$-8.0M
$1.6M
Gross Margin
9.5%
Operating Margin
-97.5%
2.2%
Net Margin
-97.9%
3.0%
Revenue YoY
421.7%
36.9%
Net Profit YoY
43.0%
-32.7%
EPS (diluted)
$-0.09
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FFWM
FFWM
GIFI
GIFI
Q4 25
$48.4M
Q3 25
$63.6M
$51.5M
Q2 25
$51.4M
$37.5M
Q1 25
$71.4M
$40.3M
Q4 24
$9.3M
$37.4M
Q3 24
$9.2M
$37.6M
Q2 24
$57.5M
$41.3M
Q1 24
$51.1M
$42.9M
Net Profit
FFWM
FFWM
GIFI
GIFI
Q4 25
$-8.0M
Q3 25
$-146.3M
$1.6M
Q2 25
$-7.7M
$-574.0K
Q1 25
$6.9M
$3.8M
Q4 24
$-14.1M
$4.3M
Q3 24
$-82.2M
$2.3M
Q2 24
$3.1M
$1.9M
Q1 24
$793.0K
$6.2M
Gross Margin
FFWM
FFWM
GIFI
GIFI
Q4 25
Q3 25
9.5%
Q2 25
9.5%
Q1 25
16.4%
Q4 24
19.6%
Q3 24
12.4%
Q2 24
10.1%
Q1 24
14.3%
Operating Margin
FFWM
FFWM
GIFI
GIFI
Q4 25
-97.5%
Q3 25
-92.7%
2.2%
Q2 25
-21.1%
-2.9%
Q1 25
8.8%
8.1%
Q4 24
-247.7%
9.7%
Q3 24
-1276.7%
4.4%
Q2 24
4.6%
3.1%
Q1 24
-0.2%
13.3%
Net Margin
FFWM
FFWM
GIFI
GIFI
Q4 25
-97.9%
Q3 25
-230.1%
3.0%
Q2 25
-15.0%
-1.5%
Q1 25
9.7%
9.5%
Q4 24
-152.2%
11.5%
Q3 24
-896.9%
6.2%
Q2 24
5.4%
4.6%
Q1 24
1.6%
14.6%
EPS (diluted)
FFWM
FFWM
GIFI
GIFI
Q4 25
$-0.09
Q3 25
$-1.78
$0.10
Q2 25
$-0.09
$-0.04
Q1 25
$0.08
$0.23
Q4 24
$-0.24
$0.26
Q3 24
$-1.23
$0.14
Q2 24
$0.05
$0.11
Q1 24
$0.01
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FFWM
FFWM
GIFI
GIFI
Cash + ST InvestmentsLiquidity on hand
$1.6B
$23.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$94.3M
Total Assets
$11.9B
$146.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
GIFI
GIFI
Q4 25
$1.6B
Q3 25
$1.7B
$23.2M
Q2 25
$1.1B
$46.8M
Q1 25
$1.0B
$28.6M
Q4 24
$1.0B
$27.3M
Q3 24
$1.1B
$21.3M
Q2 24
$1.4B
$9.5M
Q1 24
$1.6B
$32.5M
Stockholders' Equity
FFWM
FFWM
GIFI
GIFI
Q4 25
$912.6M
Q3 25
$917.9M
$94.3M
Q2 25
$1.1B
$92.8M
Q1 25
$1.1B
$96.7M
Q4 24
$1.1B
$93.1M
Q3 24
$1.1B
$88.8M
Q2 24
$933.2M
$86.7M
Q1 24
$928.7M
$85.4M
Total Assets
FFWM
FFWM
GIFI
GIFI
Q4 25
$11.9B
Q3 25
$11.9B
$146.7M
Q2 25
$11.6B
$134.3M
Q1 25
$12.6B
$138.2M
Q4 24
$12.6B
$133.2M
Q3 24
$13.4B
$130.8M
Q2 24
$13.7B
$133.3M
Q1 24
$13.6B
$127.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FFWM
FFWM
GIFI
GIFI
Operating Cash FlowLast quarter
$-31.9M
$2.9M
Free Cash FlowOCF − Capex
$-35.2M
$2.7M
FCF MarginFCF / Revenue
-72.8%
5.2%
Capex IntensityCapex / Revenue
6.9%
0.4%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
GIFI
GIFI
Q4 25
$-31.9M
Q3 25
$9.2M
$2.9M
Q2 25
$-16.3M
$2.5M
Q1 25
$-552.0K
$2.2M
Q4 24
$-8.7M
$2.3M
Q3 24
$14.2M
$5.6M
Q2 24
$-9.1M
$3.3M
Q1 24
$7.2M
$7.0M
Free Cash Flow
FFWM
FFWM
GIFI
GIFI
Q4 25
$-35.2M
Q3 25
$8.6M
$2.7M
Q2 25
$-16.7M
$2.2M
Q1 25
$-2.5M
$1.9M
Q4 24
$-11.4M
$1.8M
Q3 24
$13.4M
$4.3M
Q2 24
$-9.4M
$2.3M
Q1 24
$5.9M
$4.5M
FCF Margin
FFWM
FFWM
GIFI
GIFI
Q4 25
-72.8%
Q3 25
13.5%
5.2%
Q2 25
-32.4%
5.9%
Q1 25
-3.5%
4.7%
Q4 24
-123.5%
4.9%
Q3 24
146.2%
11.5%
Q2 24
-16.3%
5.5%
Q1 24
11.6%
10.4%
Capex Intensity
FFWM
FFWM
GIFI
GIFI
Q4 25
6.9%
Q3 25
1.0%
0.4%
Q2 25
0.8%
0.8%
Q1 25
2.8%
0.8%
Q4 24
29.4%
1.2%
Q3 24
9.0%
3.5%
Q2 24
0.4%
2.5%
Q1 24
2.5%
6.0%
Cash Conversion
FFWM
FFWM
GIFI
GIFI
Q4 25
Q3 25
1.83×
Q2 25
Q1 25
-0.08×
0.58×
Q4 24
0.54×
Q3 24
2.44×
Q2 24
-2.96×
1.74×
Q1 24
9.09×
1.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

GIFI
GIFI

Fabrication Segment$30.6M59%
Time And Materials And Cost Reimbursable$19.8M38%
Other Basis Of Pricing$1.0M2%

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