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GULF ISLAND FABRICATION INC

gulfisland.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 12, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Feb 11, 2026.

The sections below describe the company as of the FY2024 annual report.

How Did They Make Money?

revenue
SegmentShareRevenue
Services
55%
FY2021: 43%
Fabrication
45%
FY2021: 44%
Shipyard Division
0.7%
FY2021: 14%

Did Revenues Turn Into Profits?

Yes. It kept 9 cents of every revenue dollar as net income in FY2024 and turned 8 cents into free cash flow.

Operating income, FY2024
8% of revenue
โ–ฒ Now profitable vs FY2023 (โˆ’$25.9M, โˆ’17%)
Net income, FY2024
9% of revenue
โ–ฒ Now profitable vs FY2023 (โˆ’$24.4M, โˆ’16%)
Free cash flow, FY2024
8% of revenue
โ–ฒ +199% vs FY2023 ($4.3M, 3%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Sep 30, 2025
Revenue
โ–ฒ +37%
vs $37.6M in Q3 FY2024
Net income
โ–ผ โˆ’33%
vs $2.3M in Q3 FY2024
Services share of revenue vs 53.8% in Q3 FY2024

Grew. Revenue grew 35% in 4 years, from $117.7M in FY2020 to $159.2M in FY2024, about 8% a year.

Revenue over time
Services Fabrication Shipyard Division F&S
$200M$100M$0

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