Gulf Island Fabrication, Inc. (GIFI)

Gulf Island Fabrication Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	152.87	159.2	151.07	142.32	93.45	117.73
Revenue Growth (YoY)	14.32%	5.38%	6.15%	52.29%	-20.62%	-61.19%
Cost of Revenue	130.72	136.95	162.97	134.43	91.79	125.6
Gross Profit	22.15	22.25	-11.9	7.9	1.66	-7.87
Selling, General & Admin	13.2	13.52	13.08	18.21	11.85	12.73
Other Operating Expenses	0.05	-0.45	-1.5	-0.09	-1	0.02
Operating Expenses	13.26	13.07	11.58	18.13	10.85	12.75
Operating Income	8.89	9.18	-23.48	-10.23	-9.18	-20.61
Interest Expense	-	-	-	-	-0.4	-0.27
Interest & Investment Income	2.33	2.41	1.44	0.09	-	-
EBT Excluding Unusual Items	11.21	11.59	-22.04	-10.15	-9.58	-20.88
Merger & Restructuring Charges	-1.4	-0.9	-0.7	-	-0.5	-0.9
Gain (Loss) on Sale of Assets	-	4	-	-	-	-0.2
Asset Writedown	-	-	-	-0.48	-	-1.39
Legal Settlements	-	-	-3.2	-	-	-
Other Unusual Items	-	-	-0.5	-0.2	5.26	9.2
Pretax Income	9.81	14.69	-24.44	-3.33	-4.82	-14.17
Income Tax Expense	-0.05	-0.05	-0.04	0.02	-0.02	-0.05
Earnings From Continuing Operations	9.87	14.74	-24.4	-3.35	-4.8	-14.12
Earnings From Discontinued Operations	-	-	-	-	-17.37	-13.31
Net Income	9.87	14.74	-24.4	-3.35	-22.17	-27.43
Net Income to Common	9.87	14.74	-24.4	-3.35	-22.17	-27.43
Shares Outstanding (Basic)	16	16	16	16	16	15
Shares Outstanding (Diluted)	17	17	16	16	16	15
Shares Change (YoY)	1.96%	3.47%	2.23%	2.13%	1.32%	0.53%
EPS (Basic)	0.60	0.90	-1.51	-0.21	-1.43	-1.79
EPS (Diluted)	0.60	0.88	-1.51	-0.21	-1.43	-1.79
Free Cash Flow	10.32	12.9	4.32	-12.01	-26.3	-30.22
Free Cash Flow Per Share	0.62	0.77	0.27	-0.76	-1.70	-1.97
Gross Margin	14.49%	13.98%	-7.88%	5.55%	1.78%	-6.68%
Operating Margin	5.82%	5.77%	-15.54%	-7.19%	-9.83%	-17.51%
Profit Margin	6.45%	9.26%	-16.15%	-2.35%	-23.72%	-23.30%
Free Cash Flow Margin	6.75%	8.11%	2.86%	-8.44%	-28.14%	-25.67%
EBITDA	13.77	14.04	-18.02	-5.13	-3.8	-12
EBITDA Margin	9.01%	8.82%	-11.93%	-3.61%	-4.06%	-10.19%
D&A For EBITDA	4.88	4.87	5.47	5.1	5.39	8.62
EBIT	8.89	9.18	-23.48	-10.23	-9.18	-20.61
EBIT Margin	5.82%	5.77%	-15.54%	-7.19%	-9.83%	-17.51%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q