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Side-by-side financial comparison of GULF ISLAND FABRICATION INC (GIFI) and Upland Software, Inc. (UPLD). 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 $49.3M, roughly 1.0× Upland Software, Inc.). On growth, GULF ISLAND FABRICATION INC posted the faster year-over-year revenue change (36.9% vs -27.5%). Upland Software, Inc. produced more free cash flow last quarter ($7.2M vs $2.7M). Over the past eight quarters, GULF ISLAND FABRICATION INC's revenue compounded faster (7.6% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

GIFI vs UPLD — Head-to-Head

Bigger by revenue
GIFI
GIFI
1.0× larger
GIFI
$51.5M
$49.3M
UPLD
Growing faster (revenue YoY)
GIFI
GIFI
+64.4% gap
GIFI
36.9%
-27.5%
UPLD
More free cash flow
UPLD
UPLD
$4.6M more FCF
UPLD
$7.2M
$2.7M
GIFI
Faster 2-yr revenue CAGR
GIFI
GIFI
Annualised
GIFI
7.6%
-16.5%
UPLD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GIFI
GIFI
UPLD
UPLD
Revenue
$51.5M
$49.3M
Net Profit
$1.6M
Gross Margin
9.5%
76.5%
Operating Margin
2.2%
14.5%
Net Margin
3.0%
Revenue YoY
36.9%
-27.5%
Net Profit YoY
-32.7%
EPS (diluted)
$0.10
$0.01

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
UPLD
UPLD
Q4 25
$49.3M
Q3 25
$51.5M
$50.5M
Q2 25
$37.5M
$53.4M
Q1 25
$40.3M
$63.7M
Q4 24
$37.4M
$68.0M
Q3 24
$37.6M
$66.7M
Q2 24
$41.3M
$69.3M
Q1 24
$42.9M
$70.7M
Net Profit
GIFI
GIFI
UPLD
UPLD
Q4 25
Q3 25
$1.6M
$-1.1M
Q2 25
$-574.0K
$-13.0M
Q1 25
$3.8M
$-25.8M
Q4 24
$4.3M
Q3 24
$2.3M
$-1.7M
Q2 24
$1.9M
$-11.4M
Q1 24
$6.2M
$-96.1M
Gross Margin
GIFI
GIFI
UPLD
UPLD
Q4 25
76.5%
Q3 25
9.5%
76.9%
Q2 25
9.5%
74.8%
Q1 25
16.4%
71.6%
Q4 24
19.6%
70.8%
Q3 24
12.4%
70.5%
Q2 24
10.1%
70.5%
Q1 24
14.3%
70.2%
Operating Margin
GIFI
GIFI
UPLD
UPLD
Q4 25
14.5%
Q3 25
2.2%
10.6%
Q2 25
-2.9%
-13.2%
Q1 25
8.1%
-1.7%
Q4 24
9.7%
-2.9%
Q3 24
4.4%
-5.0%
Q2 24
3.1%
-7.7%
Q1 24
13.3%
-129.6%
Net Margin
GIFI
GIFI
UPLD
UPLD
Q4 25
Q3 25
3.0%
-2.2%
Q2 25
-1.5%
-24.4%
Q1 25
9.5%
-40.6%
Q4 24
11.5%
Q3 24
6.2%
-2.6%
Q2 24
4.6%
-16.5%
Q1 24
14.6%
-135.9%
EPS (diluted)
GIFI
GIFI
UPLD
UPLD
Q4 25
$0.01
Q3 25
$0.10
$-0.09
Q2 25
$-0.04
$-0.51
Q1 25
$0.23
$-0.97
Q4 24
$0.26
$-0.30
Q3 24
$0.14
$-0.12
Q2 24
$0.11
$-0.47
Q1 24
$0.37
$-3.37

Balance Sheet & Financial Strength

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

Metric
GIFI
GIFI
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$23.2M
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$94.3M
$-48.4M
Total Assets
$146.7M
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIFI
GIFI
UPLD
UPLD
Q4 25
$29.4M
Q3 25
$23.2M
$22.8M
Q2 25
$46.8M
$41.0M
Q1 25
$28.6M
$33.7M
Q4 24
$27.3M
$56.4M
Q3 24
$21.3M
$59.7M
Q2 24
$9.5M
$232.4M
Q1 24
$32.5M
$231.6M
Total Debt
GIFI
GIFI
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GIFI
GIFI
UPLD
UPLD
Q4 25
$-48.4M
Q3 25
$94.3M
$-47.3M
Q2 25
$92.8M
$-42.4M
Q1 25
$96.7M
$-37.8M
Q4 24
$93.1M
$-18.3M
Q3 24
$88.8M
$907.0K
Q2 24
$86.7M
$6.5M
Q1 24
$85.4M
$20.1M
Total Assets
GIFI
GIFI
UPLD
UPLD
Q4 25
$413.2M
Q3 25
$146.7M
$409.1M
Q2 25
$134.3M
$441.7M
Q1 25
$138.2M
$457.0M
Q4 24
$133.2M
$529.5M
Q3 24
$130.8M
$554.9M
Q2 24
$133.3M
$739.9M
Q1 24
$127.8M
$754.9M

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
UPLD
UPLD
Operating Cash FlowLast quarter
$2.9M
$7.3M
Free Cash FlowOCF − Capex
$2.7M
$7.2M
FCF MarginFCF / Revenue
5.2%
14.7%
Capex IntensityCapex / Revenue
0.4%
0.2%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIFI
GIFI
UPLD
UPLD
Q4 25
$7.3M
Q3 25
$2.9M
$6.9M
Q2 25
$2.5M
$3.3M
Q1 25
$2.2M
$8.3M
Q4 24
$2.3M
$9.3M
Q3 24
$5.6M
$4.3M
Q2 24
$3.3M
$5.5M
Q1 24
$7.0M
$5.1M
Free Cash Flow
GIFI
GIFI
UPLD
UPLD
Q4 25
$7.2M
Q3 25
$2.7M
$6.7M
Q2 25
$2.2M
$2.7M
Q1 25
$1.9M
$7.9M
Q4 24
$1.8M
$9.0M
Q3 24
$4.3M
$4.2M
Q2 24
$2.3M
$5.2M
Q1 24
$4.5M
$4.9M
FCF Margin
GIFI
GIFI
UPLD
UPLD
Q4 25
14.7%
Q3 25
5.2%
13.2%
Q2 25
5.9%
5.0%
Q1 25
4.7%
12.4%
Q4 24
4.9%
13.3%
Q3 24
11.5%
6.3%
Q2 24
5.5%
7.5%
Q1 24
10.4%
7.0%
Capex Intensity
GIFI
GIFI
UPLD
UPLD
Q4 25
0.2%
Q3 25
0.4%
0.4%
Q2 25
0.8%
1.2%
Q1 25
0.8%
0.7%
Q4 24
1.2%
0.5%
Q3 24
3.5%
0.2%
Q2 24
2.5%
0.4%
Q1 24
6.0%
0.3%
Cash Conversion
GIFI
GIFI
UPLD
UPLD
Q4 25
Q3 25
1.83×
Q2 25
Q1 25
0.58×
Q4 24
0.54×
Q3 24
2.44×
Q2 24
1.74×
Q1 24
1.12×

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%

UPLD
UPLD

Segment breakdown not available.

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