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Gulf Island Fabrication, Inc. (GIFI) 10-Year Financial Performance & Capital Metrics

GIFI • • Industrial / General
IndustrialsMetal FabricationMetal Fabrication & Processing ServicesCustom Metal Fabrication Services
AboutGulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. The company fabricates modules, skids, and piping systems for onshore refining, petrochemical, liquified natural gas (LNG), industrial, and offshore facilities; foundations, secondary steel components, and support structures for alternative energy developments and coastal mooring facilities; offshore production platforms and associated structures, including jacket foundations, piles, and topsides for fixed production and utility platforms, as well as hulls and topsides for floating production and utility platforms; and other complex steel structures and components. It also provides services on offshore platforms, including maintenance, repair, construction, and other services required to connect production equipment and service modules and equipment; on-site construction and maintenance services on inland platforms and structures and industrial facilities; project management and commissioning services; and scaffolding, coatings, industrial staffing, and other specialty services, as well as performs municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works. The company serves international energy producers; refining, petrochemical, LNG, industrial, and power operators; and engineering, procurement, and construction companies. Gulf Island Fabrication, Inc. was founded in 1947 and is headquartered in Houston, Texas.Show more
  • Revenue $159M +5.4%
  • EBITDA $17M +184.0%
  • Net Income $15M +160.4%
  • EPS (Diluted) 0.88 +158.3%
  • Gross Margin 13.98% +277.4%
  • EBITDA Margin 10.77% +179.7%
  • Operating Margin 7.71% +145.0%
  • Net Margin 9.26% +157.3%
  • ROE 17.13% +163.8%
  • ROIC 12.65% +142.4%
  • Debt/Equity 0.20 -19.4%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓Momentum leader: RS Rating 85 (top 15%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

  • ✗Sales declining 12.1% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-10.93%
5Y-12.1%
3Y19.43%
TTM0.26%

Profit (Net Income) CAGR

10Y-0.38%
5Y-
3Y-
TTM-48.07%

EPS CAGR

10Y-1.75%
5Y-
3Y-
TTM-48.04%

ROCE

10Y Avg-11.34%
5Y Avg-7.65%
3Y Avg-5.71%
Latest11.67%

Peer Comparison

Custom Metal Fabrication Services
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Valuation
Per Share
Growth
Profitability
Quality & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
WORWorthington Industries, Inc.2.7B54.5128.39-7.4%8.46%11%5.89%0.35
MLIMueller Industries, Inc.14.52B130.7624.5810.19%18.1%24.2%3.9%0.01
MECMayville Engineering Company, Inc.385.44M18.9715.30-1.16%2.29%4.99%20.16%0.44
GIFIGulf Island Fabrication, Inc.191.98M12.0013.645.38%5.46%9.66%6.72%0.20
TGTredegar Corporation282.16M8.11-4.314.31%-9.14%-26.61%3.96%0.43
RYIRyerson Holding Corporation960.24M29.81-114.65-9.98%-0.51%-2.86%10.97%1.03

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+306.12M286.33M171.02M221.25M303.31M117.73M93.45M142.32M151.07M159.2M
Revenue Growth %-0.4%-0.06%-0.4%0.29%0.37%-0.61%-0.21%0.52%0.06%0.05%
Cost of Goods Sold+321.28M261.47M213.95M228.44M319.61M125.6M91.79M134.43M162.97M136.95M
COGS % of Revenue1.05%0.91%1.25%1.03%1.05%1.07%0.98%0.94%1.08%0.86%
Gross Profit+-15.16M24.85M-42.92M-7.2M-16.3M-7.87M1.66M7.89M-11.9M22.25M
Gross Margin %-0.05%0.09%-0.25%-0.03%-0.05%-0.07%0.02%0.06%-0.08%0.14%
Gross Profit Growth %-1.34%2.64%-2.73%0.83%-1.27%0.52%1.21%3.74%-2.51%2.87%
Operating Expenses+16.26M19.67M17.8M19.32M33.72M6.04M15.15M11.31M13.98M9.97M
OpEx % of Revenue0.05%0.07%0.1%0.09%0.11%0.05%0.16%0.08%0.09%0.06%
Selling, General & Admin16.26M19.67M17.8M19.02M15.63M12.72M11.85M18.21M16.28M13.52M
SG&A % of Revenue0.05%0.07%0.1%0.09%0.05%0.11%0.13%0.13%0.11%0.08%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses20K00304K18.09M-6.69M3.3M-6.9M-2.3M-3.55M
Operating Income+-38.61M5.18M-68.4M-19.66M-50.02M-13.9M-13.48M-3.42M-25.88M12.28M
Operating Margin %-0.13%0.02%-0.4%-0.09%-0.16%-0.12%-0.14%-0.02%-0.17%0.08%
Operating Income Growth %-2.61%1.13%-14.2%0.71%-1.54%0.72%0.03%0.75%-6.58%1.47%
EBITDA+-12.41M30.63M-55.49M-9.23M-40.41M-5.29M-8.1M1.39M-20.42M17.14M
EBITDA Margin %-0.04%0.11%-0.32%-0.04%-0.13%-0.04%-0.09%0.01%-0.14%0.11%
EBITDA Growth %-1.25%3.47%-2.81%0.83%-3.38%0.87%-0.53%1.17%-15.74%1.84%
D&A (Non-Cash Add-back)26.2M25.45M12.91M10.43M9.61M8.62M5.39M4.8M5.47M4.87M
EBIT-38.57M5.86M-60.68M-26.52M-32.38M-20.61M-9.18M-10.32M-28.18M9.18M
Net Interest Income+-139K-308K-349K-142K531K-268K-397K86K1.44M2.41M
Interest Income26K24K00531K0086K1.44M2.41M
Interest Expense165K332K349K142K0268K397K000
Other Income/Expense-119K373K-562K-142K723K-268K8.66M86K1.44M2.41M
Pretax Income+-38.73M5.56M-68.96M-19.81M-49.3M-14.17M-4.82M-3.33M-24.44M14.69M
Pretax Margin %-0.13%0.02%-0.4%-0.09%-0.16%-0.12%-0.05%-0.02%-0.16%0.09%
Income Tax+-13.37M2.04M-24.19M571K96K-52K-24K23K-41K-51K
Effective Tax Rate %0.65%0.63%0.65%1.03%1%1.94%4.6%1.01%1%1%
Net Income+-25.36M3.52M-44.77M-20.38M-49.39M-27.43M-22.17M-3.35M-24.4M14.74M
Net Margin %-0.08%0.01%-0.26%-0.09%-0.16%-0.23%-0.24%-0.02%-0.16%0.09%
Net Income Growth %-2.66%1.14%-13.74%0.54%-1.42%0.44%0.19%0.85%-6.28%1.6%
Net Income (Continuing)-25.36M3.52M-44.77M-20.38M-49.39M-14.12M-4.8M-3.35M-24.4M14.74M
Discontinued Operations00000-13.31M-17.37M000
Minority Interest0000000000
EPS (Diluted)+-1.750.24-3.02-1.36-3.24-1.79-0.31-0.21-1.510.88
EPS Growth %-2.67%1.14%-13.58%0.55%-1.38%0.45%0.83%0.32%-6.19%1.58%
EPS (Basic)-1.750.24-3.02-1.36-3.24-1.79-0.31-0.21-1.510.90
Diluted Shares Outstanding14.49M14.65M14.82M14.98M15.23M15.31M15.51M15.84M16.19M16.75M
Basic Shares Outstanding14.49M14.63M14.82M14.98M15.23M15.31M15.51M15.84M16.19M16.37M
Dividend Payout Ratio-0.17%--------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+115.87M113.36M179.16M159.96M163.47M152.76M83.68M87.07M101.63M105.41M
Cash & Short-Term Investments34.83M51.17M8.98M79.18M69.62M51.16M52.89M43.13M46.41M66.07M
Cash Only34.83M51.17M8.98M70.46M49.7M43.16M52.89M33.22M38.18M27.28M
Short-Term Investments0008.72M19.92M8M09.9M8.23M38.78M
Accounts Receivable59.88M47M56.84M52.49M78.22M19.19M20.75M34.27M39.04M31.1M
Days Sales Outstanding71.459.91121.3186.5994.1359.4981.0287.8894.3271.3
Inventory12.94M11.97M4.93M6.09M2.68M2.16M1.78M1.6M2.07M1.91M
Days Inventory Outstanding14.716.718.429.733.066.277.074.344.645.08
Other Current Assets4.8M0104.58M18.93M12.95M72.32M1.3M1.6M7.12M6.34M
Total Non-Current Assets+201.05M209.05M91.68M98.33M89.3M83.98M51.59M47.8M26.8M27.81M
Property, Plant & Equipment200.38M206.22M88.9M79.93M72.38M31.18M34.67M31.15M23.14M24.05M
Fixed Asset Turnover1.53x1.39x1.92x2.77x4.19x3.78x2.70x4.57x6.53x6.62x
Goodwill0000002.22M2.22M2.22M2.22M
Intangible Assets000000984K842K700K557K
Long-Term Investments0007.86M000000
Other Non-Current Assets670K2.83M-15.28M10.54M16.92M52.8M13.73M13.58M739K982K
Total Assets+316.92M322.41M270.84M258.29M252.78M236.74M135.27M134.87M128.43M133.22M
Asset Turnover0.97x0.89x0.63x0.86x1.20x0.50x0.69x1.06x1.18x1.20x
Asset Growth %-0.21%0.02%-0.16%-0.05%-0.02%-0.06%-0.43%-0%-0.05%0.04%
Total Current Liabilities+37.9M35.35M48.66M56.1M97.84M105.69M29.95M30.79M29.85M21.38M
Accounts Payable13.6M9.02M18.38M28.97M61.54M12.36M9.28M8.31M8.47M5.8M
Days Payables Outstanding15.4612.5931.3546.2970.2835.9336.922.5618.9615.46
Short-Term Debt0000500K5.5M001.07M1.12M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K01000K1000K0
Other Current Liabilities00009.53M63.81M6.65M0014.46M
Current Ratio3.06x3.21x3.68x2.85x1.67x1.45x2.79x2.83x3.40x4.93x
Quick Ratio2.72x2.87x3.58x2.74x1.64x1.42x2.73x2.78x3.34x4.84x
Cash Conversion Cycle70.6464.0398.3750.0326.9129.8351.269.668060.92
Total Non-Current Liabilities+21.82M24.03M2.68M1.09M2.25M6.57M1.41M1.45M19.61M18.74M
Long-Term Debt000004.5M0018.93M17.89M
Capital Lease Obligations00002.1M00000
Deferred Tax Liabilities21.82M23.23M18.06M200K000000
Other Non-Current Liabilities0305K1.91M1.09M148K2.07M1.41M1.45M685K850K
Total Liabilities59.73M59.38M51.35M57.19M100.09M112.26M31.36M32.24M49.46M40.11M
Total Debt+00002.6M10M0020M19M
Net Debt-34.83M-51.17M-8.98M-70.46M-47.1M-33.16M-52.89M-33.22M-18.18M-8.28M
Debt / Equity----0.02x0.08x--0.25x0.20x
Debt / EBITDA---------1.11x
Net Debt / EBITDA--1.67x------23.99x--0.48x
Interest Coverage-234.02x15.61x-195.98x-138.49x--51.88x-33.96x---
Total Equity+257.2M263.03M219.49M201.1M152.69M124.48M103.91M102.62M78.97M93.1M
Equity Growth %-0.1%0.02%-0.17%-0.08%-0.24%-0.18%-0.17%-0.01%-0.23%0.18%
Book Value per Share17.7517.9614.8113.4210.038.136.706.484.885.56
Total Shareholders' Equity257.2M263.03M219.49M201.1M152.69M124.48M103.91M102.62M78.97M93.1M
Common Stock10.35M10.64M10.82M11.02M11.12M11.22M11.38M11.59M11.73M11.67M
Retained Earnings150.65M153.58M108.21M87.84M38.44M9.18M-12.99M-16.34M-41.37M-26.63M
Treasury Stock0000000000
Accumulated OCI-236.8M-251.29M-142.62M-141.14M000000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+10.62M14.35M-39.38M-20.39M-7.14M-19.01M-24.81M-8.92M7.2M18.25M
Operating CF Margin %0.03%0.05%-0.23%-0.09%-0.02%-0.16%-0.27%-0.06%0.05%0.11%
Operating CF Growth %-0.67%0.35%-3.74%0.48%0.65%-1.66%-0.31%0.64%1.81%1.54%
Net Income-25.36M3.52M-44.77M-20.38M-49.39M-27.38M-22.17M-3.35M-24.4M14.74M
Depreciation & Amortization26.2M25.45M12.91M10.43M9.61M8.68M5.39M5.1M5.47M4.87M
Stock-Based Compensation2.71M3.13M2.74M2.79M1.77M1.13M1.71M2.3M1.99M1.78M
Deferred Taxes-14.06M1.41M-23.23M200K-10K00000
Other Non-Cash Items7.64M-5.49M5.91M-6.55M16.34M3.54M16.3M-697K-954K-3.94M
Working Capital Changes13.49M-13.66M7.06M-6.89M14.54M-4.97M-26.04M-12.27M25.1M800K
Change in Receivables31.79M28.07M-8.32M2.96M-25.8M10.7M-7.54M-13.52M-7.09M7.97M
Change in Inventory931K6.5M356K-20.36M0-16.18M003.17M0
Change in Payables-26.67M-12.76M9.35M10.52M30.95M10.04M-11.49M-1.09M-9K-2.61M
Cash from Investing+-6.01M2.7M-1.14M82.72M-12.77M2.61M37.4M-8.87M-503K-25.96M
Capital Expenditures-6.02M-6.79M-4.83M-3.48M-3.79M-11.21M-1.48M-3.09M-2.88M-5.34M
CapEx % of Revenue0.02%0.02%0.03%0.02%0.01%0.1%0.02%0.02%0.02%0.03%
Acquisitions----------
Investments----------
Other Investing11K6.46M3.7M9.36M2.22M-9.19M38.46M3.23M701K9.94M
Cash from Financing+-5.87M-710K-1.67M-852K-843K9.86M-1.16M-1.97M-1.87M-3.46M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-5.87M-588K-598K0000000
Share Repurchases----------
Other Financing0-122K-1.07M-852K-843K-71K-108K-1.97M-1.74M-1.18M
Net Change in Cash----------
Free Cash Flow+4.6M7.56M-44.22M-23.87M-10.93M-30.22M-26.3M-12.01M4.32M12.9M
FCF Margin %0.02%0.03%-0.26%-0.11%-0.04%-0.26%-0.28%-0.08%0.03%0.08%
FCF Growth %0.03%0.64%-6.85%0.46%0.54%-1.76%0.13%0.54%1.36%1.99%
FCF per Share0.320.52-2.98-1.59-0.72-1.97-1.70-0.760.270.77
FCF Conversion (FCF/Net Income)-0.42x4.08x0.88x1.00x0.14x0.69x1.12x2.66x-0.29x1.24x
Interest Paid165K332K349K352K470K0264K149K00
Taxes Paid152K377K189K6K63K00000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-9.34%1.35%-18.55%-9.69%-27.92%-19.79%-19.41%-3.25%-26.88%17.13%
Return on Invested Capital (ROIC)-12.27%1.79%-24.29%-8.65%-31.76%-10.59%-14.21%-4.25%-29.82%12.65%
Gross Margin-4.95%8.68%-25.1%-3.25%-5.37%-6.68%1.78%5.55%-7.88%13.98%
Net Margin-8.29%1.23%-26.18%-9.21%-16.29%-23.3%-23.72%-2.36%-16.15%9.26%
Debt / Equity----0.02x0.08x--0.25x0.20x
Interest Coverage-234.02x15.61x-195.98x-138.49x--51.88x-33.96x---
FCF Conversion-0.42x4.08x0.88x1.00x0.14x0.69x1.12x2.66x-0.29x1.24x
Revenue Growth-39.58%-6.47%-40.27%29.37%37.09%-61.19%-20.62%52.29%6.15%5.38%

Revenue by Segment

2014201620172018201920202021202220232024
Services-91.41M65.44M11.05M-----87.37M
Services Growth---28.41%-83.12%------
Fabrication-88.68M57.88M63.5M-----71.67M
Fabrication Growth---34.73%9.71%------
Shipyard---259.64M-----1.1M
Shipyard Growth----------
Forty Vehicle Ferry----5.1M7.2M300K1.1M1.4M-
Forty Vehicle Ferry Growth-----41.18%-95.83%266.67%27.27%-
Seventy Vehicle Ferry-----1.1M4.1M900K1.3M-
Seventy Vehicle Ferry Growth------272.73%-78.05%44.44%-
Marine Docking Structures Offshore Modules And Material Supply Projects------3.3M---
Marine Docking Structures Offshore Modules And Material Supply Projects Growth----------
Towing Salvage And Rescue Ship-----7.3M----
Towing Salvage And Rescue Ship Growth----------
First Forty Vehicle Ferry Project-----6.2M----
First Forty Vehicle Ferry Project Growth----------
Paddle Wheel Riverboat And Subsea Components Projects-----1.5M----
Paddle Wheel Riverboat And Subsea Components Projects Growth----------
Jacket And Deck----2M1.2M----
Jacket And Deck Growth------40.00%----
Harbor Tug----4.9M1M----
Harbor Tug Growth------79.59%----
Second Forty Vehicle Ferry Project-----1M----
Second Forty Vehicle Ferry Project Growth----------
Subsea Components Project----1.6M-----
Subsea Components Project Growth----------
Ice Breaker Tug----1.5M-----
Ice Breaker Tug Growth----------
Paddle Wheel River Boat----1.3M-----
Paddle Wheel River Boat Growth----------
EPC---385K------
EPC Growth----------
Shipyards--52.7M-------
Shipyards Growth----------

Revenue by Geography

2014201620172018201920202021202220232024
Services---11.05M13.21M--1.32M93.55M87.37M
Services Growth----19.61%---6976.25%-6.60%
UNITED STATES456.8M---------
UNITED STATES Growth----------
International49.8M---------
International Growth----------

Frequently Asked Questions

Valuation & Price

Gulf Island Fabrication, Inc. (GIFI) has a price-to-earnings (P/E) ratio of 13.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Gulf Island Fabrication, Inc. (GIFI) reported $166.8M in revenue for fiscal year 2024. This represents a 46% decrease from $307.8M in 2011.

Gulf Island Fabrication, Inc. (GIFI) grew revenue by 5.4% over the past year. This is steady growth.

Yes, Gulf Island Fabrication, Inc. (GIFI) is profitable, generating $9.1M in net income for fiscal year 2024 (9.3% net margin).

Dividend & Returns

Gulf Island Fabrication, Inc. (GIFI) has a return on equity (ROE) of 17.1%. This is reasonable for most industries.

Gulf Island Fabrication, Inc. (GIFI) generated $8.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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