Gulf Island Fabrication (GIFI) AI Stock Analysis

• Market Cap: $106.63M
• Dividend Yield: N/A
• Average Volume (3M): 26.13K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.66
• Revenue Growth: 14.32%
• EPS Growth: N/A
• Country: US
• Employees: 751
• Sector: Industrials
• Sector Strength: 79
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.04
• Shares Outstanding: 16,034,779
• 10 Day Avg. Volume: 30,695
• 30 Day Avg. Volume: 26,133
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 0.42
• Enterprise Value/Gross Profit: 2.91
• Enterprise Value/Ebitda: 9.15
• 1Y Price Target: $7.50
• Price Target Upside: 10.46% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: $7.50 ▲(10.46% Upside)

Gulf Island Fabrication's overall stock score reflects a stable financial position and strategic initiatives for growth, such as acquisitions and share repurchases. However, challenges in revenue growth, profitability, and integration of new acquisitions weigh on the score. The lack of technical analysis data further limits a comprehensive assessment.

Gulf Island Fabrication Business Overview & Revenue Model

Company Description

Gulf 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.

How the Company Makes Money

Gulf Island Fabrication generates revenue through multiple streams, primarily by providing fabrication and manufacturing services to the energy and marine sectors. The company earns money from contracts for the construction of offshore platforms, marine vessels, and other industrial projects. Key revenue streams include project-based contracts, where GIFI is compensated for its fabrication services based on agreed-upon milestones and deliverables. Additionally, the company may earn income through repair and maintenance services for existing structures and equipment. Significant partnerships with major energy companies and government contracts contribute to its financial stability, as these relationships often lead to long-term contracts and repeat business. The company also benefits from a growing focus on renewable energy projects, which may open new avenues for revenue in the evolving energy landscape.

Gulf Island Fabrication Financial Statement Overview

Summary

Gulf Island Fabrication shows financial resilience with improvements in profitability and cash flow management. The company has returned to profitability with strong equity positioning, despite concerns about revenue growth.

Income Statement

The income statement shows a positive trend with a significant recovery in net income from the previous losses. The TTM (Trailing-Twelve-Months) gross profit margin is approximately 14.5%, and the net profit margin is about 7.9%. However, revenue has declined slightly from the previous year, indicating potential challenges in sales growth. The EBIT and EBITDA margins are solid at 6.1% and 6.8% respectively, reflecting operational improvements.

Balance Sheet

The balance sheet is strong with an equity ratio of approximately 70%, suggesting financial stability and low leverage with a debt-to-equity ratio of 0.012. This indicates the company’s prudent financial management. The return on equity (ROE) is also respectable at 12.75%, showing efficient use of equity in generating profits.

Cash Flow

The cash flow statement shows a positive operating cash flow and a healthy free cash flow of $10.35 million in the TTM. The free cash flow to net income ratio is approximately 0.84, indicating good cash generation relative to net income. However, the operating cash flow to net income ratio is slightly above 1, which is adequate but suggests room for improvement in cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	152.87M	159.20M	151.07M	142.32M	93.45M	250.96M
Gross Profit	22.15M	22.25M	-11.90M	7.89M	1.66M	-17.75M
EBITDA	7.04M	13.60M	-21.92M	-5.13M	-8.10M	-5.29M
Net Income	9.87M	14.74M	-24.40M	-3.35M	-4.80M	-27.38M
Balance Sheet
Total Assets	134.35M	133.22M	128.43M	134.87M	135.27M	231.34M
Cash, Cash Equivalents and Short-Term Investments	62.19M	66.07M	46.41M	43.13M	52.89M	51.16M
Total Debt	19.00M	19.00M	20.00M	2.10M	2.00M	10.00M
Total Liabilities	41.59M	40.11M	49.46M	32.24M	31.36M	104.98M
Stockholders Equity	92.76M	93.10M	78.97M	102.62M	103.91M	126.36M
Cash Flow
Free Cash Flow	10.31M	12.90M	4.32M	-12.01M	-26.30M	-30.22M
Operating Cash Flow	12.71M	18.25M	7.20M	-8.92M	-24.81M	-19.01M
Investing Cash Flow	30.56M	-25.96M	-503.00K	-8.87M	37.40M	2.61M
Financing Cash Flow	-6.24M	-3.46M	-1.87M	-1.97M	-1.16M	9.86M

Gulf Island Fabrication Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.79
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GIFI, the sentiment is Positive. The current price of 6.79 is below the 20-day moving average (MA) of 6.80, below the 50-day MA of 6.86, and above the 200-day MA of 6.76, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 54.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GIFI.

Gulf Island Fabrication Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWPX	72 Outperform	$510.21M	16.07	9.14%	―	5.83%	33.50%
GIFI	66 Neutral	$106.63M	11.75	11.00%	―	14.32%	―
Sector *	64 Neutral	$10.96B	16.35	8.89%	1.96%	2.68%	-15.17%
MEC	61 Neutral	$296.84M	17.23	7.37%	―	-16.95%	66.04%
HIHO	51 Neutral	$7.69M	69.30	1.64%	7.06%	17.26%	―
TPCS	49 Neutral	$51.66M	―	-23.42%	―	3.78%	78.39%
AP	40 Underperform	$59.33M	15.81	-8.37%	―	-3.95%	88.17%

Gulf Island Fabrication Corporate Events

Gulf Island Completes Acquisition of ENGlobal Units

Gulf Island Fabrication, Inc. has been involved in a financial arrangement with ENGlobal Corporation, which filed for chapter 11 bankruptcy on March 5, 2025. The company entered into a DIP Credit Agreement to lend ENGlobal up to $3.5 million, facilitating ENGlobal’s restructuring process. On May 12 and June 16, 2025, Gulf Island completed the acquisition of ENGlobal’s automation, engineering, and government services businesses. The acquisition involved a credit bid of the full DIP Loan amount and additional cash payments totaling $5 million.

Gulf Island Fabrication Expands Share Repurchase Program

On June 4, 2025, Gulf Island Fabrication, Inc. announced that its board of directors approved a $5 million increase in its share repurchase program, raising the total authorization to $10 million. The expiration of the program was also extended to December 15, 2026. As of the announcement date, the company has $5.6 million available for repurchases, which can be executed at management’s discretion through various transaction methods.

Gulf Island Fabrication Holds Virtual Shareholders’ Meeting

On May 15, 2025, Gulf Island Fabrication, Inc. held its annual shareholders’ meeting virtually, where shareholders elected five directors, approved executive compensation, and ratified Ernst & Young LLP as the independent auditor for 2025. The meeting saw significant shareholder participation, with over 13 million shares represented, indicating strong engagement in the company’s governance decisions.