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Side-by-side financial comparison of GULF ISLAND FABRICATION INC (GIFI) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

i3 Verticals, Inc. is the larger business by last-quarter revenue ($52.7M vs $51.5M, roughly 1.0× GULF ISLAND FABRICATION INC). GULF ISLAND FABRICATION INC runs the higher net margin — 3.0% vs 0.9%, a 2.1% gap on every dollar of revenue. On growth, GULF ISLAND FABRICATION INC posted the faster year-over-year revenue change (36.9% vs -14.6%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $2.7M). Over the past eight quarters, GULF ISLAND FABRICATION INC's revenue compounded faster (7.6% CAGR vs -4.7%).

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.

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

GIFI vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.0× larger
IIIV
$52.7M
$51.5M
GIFI
Growing faster (revenue YoY)
GIFI
GIFI
+51.6% gap
GIFI
36.9%
-14.6%
IIIV
Higher net margin
GIFI
GIFI
2.1% more per $
GIFI
3.0%
0.9%
IIIV
More free cash flow
IIIV
IIIV
$11.1M more FCF
IIIV
$13.8M
$2.7M
GIFI
Faster 2-yr revenue CAGR
GIFI
GIFI
Annualised
GIFI
7.6%
-4.7%
IIIV

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GIFI
GIFI
IIIV
IIIV
Revenue
$51.5M
$52.7M
Net Profit
$1.6M
$484.0K
Gross Margin
9.5%
Operating Margin
2.2%
3.1%
Net Margin
3.0%
0.9%
Revenue YoY
36.9%
-14.6%
Net Profit YoY
-32.7%
-76.5%
EPS (diluted)
$0.10
$0.02

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
GIFI
GIFI
IIIV
IIIV
Q4 25
$52.7M
Q3 25
$51.5M
$46.0M
Q2 25
$37.5M
$51.9M
Q1 25
$40.3M
$63.1M
Q4 24
$37.4M
$52.2M
Q3 24
$37.6M
$32.0M
Q2 24
$41.3M
$46.2M
Q1 24
$42.9M
$58.0M
Net Profit
GIFI
GIFI
IIIV
IIIV
Q4 25
$484.0K
Q3 25
$1.6M
$3.1M
Q2 25
$-574.0K
$12.9M
Q1 25
$3.8M
$-154.0K
Q4 24
$4.3M
$2.1M
Q3 24
$2.3M
$117.9M
Q2 24
$1.9M
$-7.5M
Q1 24
$6.2M
$1.9M
Gross Margin
GIFI
GIFI
IIIV
IIIV
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
GIFI
GIFI
IIIV
IIIV
Q4 25
3.1%
Q3 25
2.2%
3.2%
Q2 25
-2.9%
-9.3%
Q1 25
8.1%
8.0%
Q4 24
9.7%
3.9%
Q3 24
4.4%
10.6%
Q2 24
3.1%
-2.8%
Q1 24
13.3%
3.4%
Net Margin
GIFI
GIFI
IIIV
IIIV
Q4 25
0.9%
Q3 25
3.0%
6.7%
Q2 25
-1.5%
24.8%
Q1 25
9.5%
-0.2%
Q4 24
11.5%
3.9%
Q3 24
6.2%
368.2%
Q2 24
4.6%
-16.3%
Q1 24
14.6%
3.2%
EPS (diluted)
GIFI
GIFI
IIIV
IIIV
Q4 25
$0.02
Q3 25
$0.10
$0.14
Q2 25
$-0.04
$0.50
Q1 25
$0.23
$0.00
Q4 24
$0.26
$0.08
Q3 24
$0.14
$4.93
Q2 24
$0.11
$-0.32
Q1 24
$0.37
$0.08

Balance Sheet & Financial Strength

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

Metric
GIFI
GIFI
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$23.2M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.3M
$358.5M
Total Assets
$146.7M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIFI
GIFI
IIIV
IIIV
Q4 25
$37.5M
Q3 25
$23.2M
$66.7M
Q2 25
$46.8M
$55.5M
Q1 25
$28.6M
$7.7M
Q4 24
$27.3M
$85.6M
Q3 24
$21.3M
$86.5M
Q2 24
$9.5M
$9.7M
Q1 24
$32.5M
$3.1M
Total Debt
GIFI
GIFI
IIIV
IIIV
Q4 25
Q3 25
$0
Q2 25
$0
Q1 25
$12.0M
Q4 24
$26.2M
Q3 24
$26.2M
Q2 24
$374.1M
Q1 24
$369.6M
Stockholders' Equity
GIFI
GIFI
IIIV
IIIV
Q4 25
$358.5M
Q3 25
$94.3M
$389.6M
Q2 25
$92.8M
$383.3M
Q1 25
$96.7M
$385.2M
Q4 24
$93.1M
$375.0M
Q3 24
$88.8M
$379.7M
Q2 24
$86.7M
$249.7M
Q1 24
$85.4M
$249.3M
Total Assets
GIFI
GIFI
IIIV
IIIV
Q4 25
$595.9M
Q3 25
$146.7M
$638.4M
Q2 25
$134.3M
$623.3M
Q1 25
$138.2M
$646.4M
Q4 24
$133.2M
$726.2M
Q3 24
$130.8M
$730.7M
Q2 24
$133.3M
$861.7M
Q1 24
$127.8M
$625.8M
Debt / Equity
GIFI
GIFI
IIIV
IIIV
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.03×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
1.50×
Q1 24
1.48×

Cash Flow & Capital Efficiency

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

Metric
GIFI
GIFI
IIIV
IIIV
Operating Cash FlowLast quarter
$2.9M
$14.1M
Free Cash FlowOCF − Capex
$2.7M
$13.8M
FCF MarginFCF / Revenue
5.2%
26.2%
Capex IntensityCapex / Revenue
0.4%
0.6%
Cash ConversionOCF / Net Profit
1.83×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIFI
GIFI
IIIV
IIIV
Q4 25
$14.1M
Q3 25
$2.9M
$14.0M
Q2 25
$2.5M
$7.4M
Q1 25
$2.2M
$-27.1M
Q4 24
$2.3M
$11.5M
Q3 24
$5.6M
$15.1M
Q2 24
$3.3M
$8.1M
Q1 24
$7.0M
$10.7M
Free Cash Flow
GIFI
GIFI
IIIV
IIIV
Q4 25
$13.8M
Q3 25
$2.7M
$13.5M
Q2 25
$2.2M
$6.8M
Q1 25
$1.9M
$-27.6M
Q4 24
$1.8M
$11.0M
Q3 24
$4.3M
$14.6M
Q2 24
$2.3M
$7.2M
Q1 24
$4.5M
$9.9M
FCF Margin
GIFI
GIFI
IIIV
IIIV
Q4 25
26.2%
Q3 25
5.2%
29.5%
Q2 25
5.9%
13.1%
Q1 25
4.7%
-43.8%
Q4 24
4.9%
21.1%
Q3 24
11.5%
45.6%
Q2 24
5.5%
15.6%
Q1 24
10.4%
17.1%
Capex Intensity
GIFI
GIFI
IIIV
IIIV
Q4 25
0.6%
Q3 25
0.4%
0.9%
Q2 25
0.8%
1.0%
Q1 25
0.8%
0.8%
Q4 24
1.2%
0.9%
Q3 24
3.5%
1.7%
Q2 24
2.5%
1.9%
Q1 24
6.0%
1.4%
Cash Conversion
GIFI
GIFI
IIIV
IIIV
Q4 25
29.18×
Q3 25
1.83×
4.52×
Q2 25
0.57×
Q1 25
0.58×
Q4 24
0.54×
5.59×
Q3 24
2.44×
0.13×
Q2 24
1.74×
Q1 24
1.12×
5.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GIFI
GIFI

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

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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