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Gulf Island Fabrication logo
Gulf Island Fabrication GIFI
report update icon

Quarterly report 2025-Q3
added 05-30-2026

Gulf Island Fabrication Income Statement 2024-2009 | GIFI

Brief overview of financial performance at Gulf Island Fabrication

This overview is based on financial performance over the past five years. According to figures from Gulf Island Fabrication, revenue changed from 303 million dollars to 159 million dollars over five years. The cumulative result was −47.5%, corresponding to roughly −12.1% per year. Sales followed a declining trajectory over the five years.

Gross profit was −$17 million at the start and $22.3 million at the end of the period (+230.9%). Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was −5.6% at the start and 14% at the end. The margin shift points to a more favorable sales-and-cost structure.

EBITDA was −22.9 million dollars at the beginning and 17.1 million dollars at the end of the period (+174.8%). The operating result outpaced sales and points to improving efficiency. EBITDA margin moved from −7.6% to 10.8%. Higher profitability strengthens the quality of operating growth.

Net income moved from −49.4 million dollars at the start to 14.7 million dollars at the end. The business moved out of a loss and ended the period with a profit.

Summary assessment

The figures do not all move in the same direction. The financial profile benefits from a stronger gross margin, a stronger final result and positive operating leverage. The main areas of concern are limited revenue growth. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Gulf Island Fabrication

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

- - - 62 M 52.4 M 75.8 M 142 M 196 M 202 M 126 M 240 M 304 M 324 M 446 M - -

Shares

16.4 M 16.2 M 15.8 M 15.5 M 15.2 M 15.2 M 15 M 14.8 M 14.6 M 14.5 M 14.5 M 14.5 M 14.4 M 14.4 M 14.3 M -

Historical Prices

- - - 4.01 3.06 5.07 7.22 13.4 11.8 10.3 18.5 21.8 22.1 26.6 - -

Net Income

14.7 M -24.4 M -3.35 M -22.2 M -27.4 M -49.4 M -20.4 M -44.8 M 3.52 M -25.4 M 15.3 M 7.23 M -4.09 M -1.8 M 13.1 M 20.8 M

Revenue

159 M 151 M 142 M 93.5 M 251 M 303 M 221 M 171 M 286 M 306 M 507 M 608 M 521 M 308 M 248 M 312 M

Cost of Revenue

137 M 163 M 134 M 91.8 M 126 M 320 M 228 M 214 M 261 M - 462 M 585 M 518 M 303 M 225 M 272 M

Gross Profit

22.3 M -11.9 M 7.9 M 1.66 M -17.8 M -17 M -7.2 M -42.9 M 24.9 M -15.2 M 44.6 M 23.7 M 3.84 M 4.53 M 23.3 M 39.5 M

Operating Income

12.3 M -25.9 M -3.42 M -13.5 M -13.9 M -50 M -19.7 M -68.6 M 5.86 M -38.6 M 23.9 M 12.1 M -5.97 M -3.66 M 15.3 M 31.2 M

Interest Expense

- - - - - - 142 K 349 K 332 K 165 K 37 K 237 K 153 K 173 K 76 K 77 K

EBITDA

17.1 M -20.4 M 1.68 M -8.1 M -14.3 M -22.9 M -16.1 M -47.8 M 30.6 M -5.21 M 50.4 M 37.2 M 17.4 M 17 M 34.6 M 49.7 M

Operating Expenses

- - - - 5.28 M 15.5 M 19.3 M 17.8 M 19.7 M 16.3 M 20.6 M 11.6 M 9.81 M 8.19 M - -

General and Administrative Expenses

13.5 M 16.3 M 18.2 M 11.8 M 13.9 M 15.6 M 19 M 17.8 M 19.7 M 16.3 M 20.6 M 11.6 M 9.81 M 8.19 M 7.95 M 8.26 M

All numbers in USD currency

Quarterly Income Statement Gulf Island Fabrication

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

16 M 16.2 M 16.3 M 16.3 M 16.5 M 16.4 M 16.2 M 16.3 M 16.2 M 16 M - - 15.8 M 15.7 M 15.6 M 15.5 M 15.5 M 15.4 M 15.4 M 15.3 M 15.3 M 15.3 M 15.3 M 15.3 M 15.2 M 15.2 M 15.1 M 15.1 M 15.1 M 15.1 M 14.9 M 14.9 M 14.9 M 14.9 M 14.7 M 14.7 M 14.7 M 14.7 M 14.6 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.5 M 14.4 M 14.4 M 14.4 M 14.4 M 14.4 M 14.3 M 14.3 M

Net Income

1.56 M -574 K 3.83 M - 2.32 M 1.89 M 6.24 M -33.2 M 1.1 M 641 K - - 528 K -5.03 M - 5.39 M -2.83 M -18.5 M -15.4 M -12.3 M -5.54 M 5.9 M -34.3 M -6.78 M -5.25 M -3.04 M -4.68 M -10.9 M 549 K -5.3 M -24.3 M -3.11 M -10.9 M -6.45 M -3.56 M 541 K 5.54 M 989 K -14.7 M -12.1 M 1.36 M 83 K -111 K 7.59 M 4.31 M 3.54 M -3.11 M 3.28 M 4.28 M 2.79 M -8.09 M -10.4 M 7.59 M 6.78 M 1.77 M 1.56 M 1.84 M -6.96 M

Revenue

51.5 M 37.5 M 40.3 M - 37.6 M 41.3 M 42.9 M 5.02 M 39.3 M 62.2 M - - 35.9 M 28.7 M - 19.6 M 24.3 M 23.8 M 57.6 M 25.3 M 32 M 78.6 M 79.4 M 75.8 M 80.5 M 67.6 M 60.2 M 49.7 M 54 M 57.3 M 37.3 M 49.9 M 45.9 M 38 M 55.5 M 65.4 M 81.5 M 84 M 55 M 67.5 M 84.3 M 99.2 M 125 M 118 M 129 M 135 M 135 M 168 M 155 M 150 M 129 M 142 M 137 M 113 M 88.4 M 85.8 M 87.3 M 46.3 M

Cost of Revenue

46.7 M 34 M 33.7 M - 33 M 37.1 M 36.8 M 34.9 M 34.8 M 57.1 M - - 34.2 M 29.1 M - 19.7 M 23 M 23.8 M - 25.9 M 32.7 M 78.8 M - 78.5 M 82.1 M 67.1 M - 52.9 M 54.7 M 56.6 M - 50.4 M 57.5 M 42.9 M - 60.1 M 67.4 M 78.3 M - 75.4 M 78.5 M 94.8 M - 103 M 119 M 126 M - 159 M 145 M 144 M - 155 M 123 M 100 M - 81.8 M 82.4 M 55.9 M

Gross Profit

4.88 M 3.56 M 6.62 M - 4.66 M 4.16 M 6.12 M -29.9 M 4.48 M 5.03 M - - 1.67 M -420 K - -135 K 1.22 M 25 K -7.98 M -635 K -728 K -254 K -13.3 M -2.68 M -1.6 M 553 K -3.96 M -3.21 M -699 K 679 K -25.9 M -494 K -11.6 M -4.9 M -173 K 5.26 M 14.1 M 5.7 M -17.6 M -7.84 M 5.8 M 4.45 M 10.8 M 14.7 M 10.3 M 8.77 M -1.78 M 9.06 M 9.68 M 6.7 M -9.35 M -13.4 M 13.9 M 12.7 M 5.25 M 4 M 4.85 M -9.57 M

Operating Income

1.15 M -1.08 M 3.28 M - 1.67 M 1.28 M 5.71 M -33.6 M 749 K 328 K - - 533 K -4.98 M - -3.61 M -1.49 M -2.23 M - -4.2 M -4.1 M 5.94 M - -6.93 M -5.38 M -3.28 M - -10.7 M 724 K -5.09 M - -4.86 M -16.3 M -9.22 M - 173 K 9 M 1.22 M - -18.2 M 2.08 M 155 K - 11.3 M 6.45 M 5.4 M - 5.31 M 6.82 M 4.35 M - -15.4 M 11.3 M 10.1 M - 2.09 M 2.89 M -11.5 M

Interest Expense

- - - - - - - - - - - - - - - - - - - - - - - - - - - 140 K 92 K 469 K - 45 K 146 K 59 K - 110 K 88 K 50 K - 39 K 50 K 37 K - 23 K 25 K 24 K - 43 K 60 K 64 K - 19 K 23 K 96 K - 48 K 32 K 22 K

EBITDA

4.82 M 1.37 M 4.54 M - - 3.72 M 6.9 M -29.5 M 3.47 M 1.66 M - - 3.06 M -3.73 M - -3.61 M 1.73 M -293 K - -2.03 M -2.03 M 8.16 M - -4.64 M -2.96 M -730 K - -8.26 M 3.32 M -2.34 M - 5.28 M -8.78 M -4.52 M - 19.4 M 21.9 M 7.78 M - -11.7 M 8.62 M 6.75 M - 31 M 19.4 M 11.8 M - 24.1 M 19.2 M 10.5 M - 2.05 M 22.8 M 15.7 M - 17.3 M 12.9 M -6.48 M

General and Administrative Expenses

3.65 M 3.29 M 3.24 M - 2.98 M 3.35 M 3.48 M 4.08 M 3.74 M 5.07 M - - 4.34 M 4.11 M - 3.21 M 3.09 M 2.79 M - 2.75 M 3.37 M 3.74 M - 3.97 M 3.99 M 3.83 M - 4.9 M 5.09 M 4.71 M - 4.37 M 4.64 M 3.93 M - 5.09 M 5.06 M 4.48 M - 3.8 M 3.73 M 4.29 M - 3.31 M 3.87 M 3.37 M - 3.75 M 2.85 M 2.36 M - 1.98 M 2.58 M 2.61 M - 1.91 M 1.96 M 1.94 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Gulf Island Fabrication (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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