Gulf Island Fabrication (GIFI)
Market Price (1/20/2026): $11.995 | Market Cap: $192.1 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Gulf Island Fabrication (GIFI)
Market Price (1/20/2026): $11.995Market Cap: $192.1 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 56x |
| Megatrend and thematic driversMegatrends include Offshore Wind Development, US Energy Independence, and Water Infrastructure. Themes include Offshore Wind Project Development, Show more. | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 55% | |
| Key risksGIFI key risks include [1] significant merger and integration uncertainty related to its pending acquisition by IES Holdings and [2] profitability pressures and operating losses stemming from the integration of its own recent acquisitions. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23% |
| Megatrend and thematic driversMegatrends include Offshore Wind Development, US Energy Independence, and Water Infrastructure. Themes include Offshore Wind Project Development, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 56x |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 55% |
| Key risksGIFI key risks include [1] significant merger and integration uncertainty related to its pending acquisition by IES Holdings and [2] profitability pressures and operating losses stemming from the integration of its own recent acquisitions. |
Why The Stock Moved
Stock Movement Drivers
Fundamental Drivers
The 53.6% change in GIFI stock from 10/31/2025 to 1/19/2026 was primarily driven by a 64.7% change in the company's P/E Multiple.| 10312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 7.81 | 12.00 | 53.65% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 152.87 | 166.77 | 9.09% |
| Net Income Margin (%) | 6.45% | 5.46% | -15.38% |
| P/E Multiple | 12.82 | 21.11 | 64.70% |
| Shares Outstanding (Mil) | 16.19 | 16.02 | 1.04% |
| Cumulative Contribution | 53.63% |
Market Drivers
10/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| GIFI | 53.6% | |
| Market (SPY) | 1.4% | 2.8% |
| Sector (XLI) | 7.6% | 5.5% |
Fundamental Drivers
The 78.6% change in GIFI stock from 7/31/2025 to 1/19/2026 was primarily driven by a 137.0% change in the company's P/E Multiple.| 7312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 6.72 | 12.00 | 78.57% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 156.59 | 166.77 | 6.50% |
| Net Income Margin (%) | 7.87% | 5.46% | -30.64% |
| P/E Multiple | 8.91 | 21.11 | 136.98% |
| Shares Outstanding (Mil) | 16.34 | 16.02 | 1.96% |
| Cumulative Contribution | 78.50% |
Market Drivers
7/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| GIFI | 78.6% | |
| Market (SPY) | 9.7% | 4.9% |
| Sector (XLI) | 10.2% | 8.6% |
Fundamental Drivers
The 67.4% change in GIFI stock from 1/31/2025 to 1/19/2026 was primarily driven by a 213.1% change in the company's P/E Multiple.| 1312025 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 7.17 | 12.00 | 67.36% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 166.33 | 166.77 | 0.26% |
| Net Income Margin (%) | 10.54% | 5.46% | -48.20% |
| P/E Multiple | 6.74 | 21.11 | 213.06% |
| Shares Outstanding (Mil) | 16.49 | 16.02 | 2.86% |
| Cumulative Contribution | 67.23% |
Market Drivers
1/31/2025 to 1/19/2026| Return | Correlation | |
|---|---|---|
| GIFI | 67.4% | |
| Market (SPY) | 15.9% | 11.7% |
| Sector (XLI) | 21.9% | 12.6% |
Fundamental Drivers
The 144.9% change in GIFI stock from 1/31/2023 to 1/19/2026 was primarily driven by a 92.0% change in the company's P/S Multiple.| 1312023 | 1192026 | Change | |
|---|---|---|---|
| Stock Price ($) | 4.90 | 12.00 | 144.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 129.99 | 166.77 | 28.29% |
| P/S Multiple | 0.60 | 1.15 | 92.03% |
| Shares Outstanding (Mil) | 15.92 | 16.02 | -0.60% |
| Cumulative Contribution | 144.89% |
Market Drivers
1/31/2023 to 1/19/2026| Return | Correlation | |
|---|---|---|
| GIFI | 144.9% | |
| Market (SPY) | 76.5% | 15.5% |
| Sector (XLI) | 71.0% | 15.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GIFI Return | 31% | 28% | -16% | 57% | 76% | 0% | 292% |
| Peers Return | 4% | -6% | 44% | 62% | 27% | 13% | 229% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| GIFI Win Rate | 58% | 50% | 50% | 42% | 75% | 100% | |
| Peers Win Rate | 48% | 53% | 57% | 57% | 55% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| GIFI Max Drawdown | 0% | -21% | -42% | -1% | -15% | -0% | |
| Peers Max Drawdown | -20% | -36% | -19% | -10% | -28% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MTRX, ORN, FLR, PRIM, MTZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
| Event | GIFI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.5% | -25.4% |
| % Gain to Breakeven | 90.6% | 34.1% |
| Time to Breakeven | 255 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -54.1% | -33.9% |
| % Gain to Breakeven | 118.1% | 51.3% |
| Time to Breakeven | 1,389 days | 148 days |
| 2018 Correction | ||
| % Loss | -69.1% | -19.8% |
| % Gain to Breakeven | 223.3% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.0% | -56.8% |
| % Gain to Breakeven | 904.3% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to MTRX, ORN, FLR, PRIM, MTZ
In The Past
Gulf Island Fabrication's stock fell -47.5% during the 2022 Inflation Shock from a high on 11/22/2022. A -47.5% loss requires a 90.6% gain to breakeven.
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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.
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Here are 1-2 brief analogies to describe Gulf Island Fabrication (GIFI):
- Imagine them as an 'Oshkosh Corporation (OSK) for the water,' building specialized marine vessels like tugboats and ferries, plus large custom steel structures for offshore energy and industrial clients.
- A commercial-focused shipyard akin to a scaled-down Huntington Ingalls Industries (HII), specializing in tugboats, ferries, and large steel structures for offshore energy.
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- Fabrication of Steel Structures: Gulf Island fabricates complex steel structures for various industrial sectors including energy, marine, and government.
- Shipbuilding and Repair: The company constructs and repairs various types of vessels, including tugboats, ferries, and special purpose ships.
- Offshore Wind Structures: Gulf Island produces large steel components, such as foundations and transition pieces, for offshore wind farms.
- Heavy Industrial Modules: They fabricate large, integrated modules for industrial plants, refineries, and other complex projects.
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Gulf Island Fabrication (GIFI) sells primarily to other companies (B2B).
While Gulf Island Fabrication's annual reports (e.g., the 2023 10-K filed March 7, 2024) indicate that a significant portion of their consolidated revenue is derived from a small number of customers (for instance, in 2023, two customers accounted for approximately 35.8% and 23.9% of consolidated revenue, respectively), the specific names of these major customers are not publicly disclosed in their financial filings or press releases.
Based on their business description, Gulf Island Fabrication generally serves the following categories of customers:
- Independent and Major Oil and Gas Companies: These are companies involved in the exploration, production, and processing of oil and natural gas, often requiring offshore platforms, modules, and other related infrastructure.
- EPC (Engineering, Procurement, and Construction) Contractors: Companies that undertake large-scale projects for industrial clients, needing fabricated components and structures for their projects.
- Government Agencies: Including entities like the U.S. Coast Guard, Navy, or other government bodies that may require marine vessels, specialized structures, or repair services.
- Vessel Owners and Operators: Companies that own and operate various types of marine vessels (e.g., tugs, barges, offshore support vessels) for which GIFI provides new construction, repair, and maintenance services.
- Industrial Customers: A broad category encompassing various industries that require heavy fabrication services for industrial facilities, infrastructure, or specialized equipment.
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Richard W. Heo President, Chief Executive Officer & Chairman of the Board
Richard W. Heo became Chief Executive Officer of Gulf Island Fabrication in November 2019 and was appointed Chairman of the Board in November 2024. Prior to joining Gulf Island, he served as Senior Vice President of North, Central and South America for McDermott International, Inc. He also served as Executive Vice President of Fabrication Services and President of the Engineered Products business unit for Chicago Bridge & Iron N.V. ("CB&I"). Earlier in his career, he held various senior leadership positions at KBR, Inc. Mr. Heo holds an MBA from Tulane University, a PhD in Organic Chemistry from the University of Houston, and a BS in Biochemistry from Trinity University.
Westley S. Stockton Executive Vice President & Chief Financial Officer
Westley S. Stockton became Executive Vice President & Chief Financial Officer of Gulf Island Fabrication in September 2018. Before joining Gulf Island, Mr. Stockton served as Senior Vice President and Chief Accounting Officer for Chicago Bridge & Iron ("CB&I"). He also held senior leadership positions within financial operations and mergers and acquisitions for CB&I. Earlier in his career, Mr. Stockton worked in public accounting for PricewaterhouseCoopers and Arthur Andersen in audit-related roles. He is a Certified Public Accountant and holds a Master of Accounting and a Bachelor of Business Administration from the University of Texas at Austin.
Thomas M. Smouse Vice President & Chief Human Resources Officer
Thomas M. Smouse is the Vice President & Chief Human Resources Officer at Gulf Island Fabrication.
Matt Oubre Senior Vice President - Commercial
Matt Oubre is the Senior Vice President - Commercial at Gulf Island Fabrication.
Jamie Morvant Senior Vice President - Fabrication & Services
Jamie Morvant is the Senior Vice President - Fabrication & Services at Gulf Island Fabrication.
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The key risks to Gulf Island Fabrication (GIFI) primarily revolve around its ongoing strategic changes and the inherent nature of its industry.
- Pending Acquisition by IES Holdings and Associated Integration Risks: Gulf Island Fabrication announced an agreement in November 2025 to be acquired by IES Holdings, Inc., with the deal expected to close in the first quarter of 2026. This acquisition introduces significant merger risk as the most critical near-term factor, and the successful integration of Gulf Island into IES Holdings carries inherent uncertainties.
- Cyclical Nature of the Industry and Macroeconomic Headwinds: Operating within the fabrication and construction sector, Gulf Island Fabrication is highly susceptible to the cyclical nature of its end markets, particularly the energy sector (oil and gas capital spending) and broader economic conditions. Challenges include potential reductions in capital spending, uncertain macroeconomic conditions, evolving trade policies, and inflationary pressures on input costs such as steel tariffs. Furthermore, project decision cycles have been extending due to factors like higher interest rates and a challenging permitting environment, especially concerning LNG projects.
- Profitability Pressures from Acquisitions: While strategic acquisitions, such as that of ENGlobal Corporation's assets in April 2025, aim to diversify Gulf Island's revenue base, they have introduced profitability pressures. The integration of newly acquired businesses can entail significant costs and, as seen with the Englobal business, can result in operating losses during the transition period, impacting overall net income despite revenue growth.
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The accelerating global energy transition away from fossil fuels, which directly impacts the long-term demand for Gulf Island Fabrication's core offshore oil and gas infrastructure fabrication services. While GIFI is diversifying into renewable energy sectors (such as offshore wind), the rapid shift in capital expenditure and project development towards sustainable energy sources by governments and major corporations poses a significant and emerging threat to the traditional segment of their business, potentially leading to reduced demand for their established fabrication services faster than their diversification can compensate.
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Gulf Island Fabrication (GIFI) operates in several addressable markets related to complex steel structures, fabrication, and specialty services for the energy, industrial, and marine sectors. The key addressable markets for their main products and services are detailed below:
Fabricated Structural Metal and Oil & Gas Fabrication
- The U.S. market size for Fabricated Structural Metal Manufacturing was approximately $65.4 billion in 2024, projected to reach $65.5 billion in 2025.
- The North America structural steel fabrication market size reached USD 18.8 billion in 2024 and is expected to grow to USD 24.0 billion by 2033.
- The global structural steel fabrication market was valued at US$149.3 billion in 2022 and is estimated to reach US$217.6 billion by the end of 2031.
- For oil & gas fabrication, the global market size was valued at USD 4.9 billion in 2023 and is projected to grow to USD 7.41 billion by 2032. The U.S. oil & gas fabrication market is specifically projected to reach an estimated value of USD 1.32 billion by 2032.
Marine Construction and Services
- The marine construction market in the United States generated a revenue of approximately USD 11.51 billion in 2024 and is expected to reach approximately USD 15.24 billion by 2030.
- The global marine construction market size was estimated at USD 61.74 billion in 2024 and is projected to reach USD 83.70 billion by 2030.
- The Global Marine Construction Services Market was valued at USD 20.1 billion in 2024 and is expected to grow to USD 30.7 billion by 2035. The North American segment of this market was valued at USD 6 billion in 2024 and is projected to reach USD 9 billion in 2035.
- The marine and ports construction market globally is projected to grow from $65.08 billion in 2024 to $68.38 billion in 2025, reaching $88.73 billion in 2029.
Pressure Vessels
- The U.S. pressure vessels market generated a revenue of approximately USD 10.92 billion in 2024 and is expected to reach approximately USD 13.15 billion by 2030. Another estimate places the U.S. market size at USD 13.71 billion in 2025.
- The North America pressure vessels market is anticipated to account for a market size of USD 15.8 billion in 2025.
- Globally, the pressure vessel market size was valued at USD 55.74 billion in 2024 and is projected to grow from USD 58.20 billion in 2025 to USD 81.60 billion by 2032.
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Here are 3-5 expected drivers of future revenue growth for Gulf Island Fabrication (GIFI) over the next 2-3 years:- Expansion into New Markets and Enhanced Service Offerings through Strategic Acquisition: Gulf Island Fabrication's acquisition of certain assets from ENGlobal Corporation is a key driver. This strategic move aims to expand GIFI's automation, engineering, and government services, allowing the company to enter new end markets and enhance its product and service capabilities. While the integration may take time, this expansion is anticipated to contribute to future revenue growth by broadening GIFI's market presence and service portfolio.
- Growth in Small-Scale Fabrication Activity and Increased Project Awards: The Fabrication division has demonstrated an increase in revenue driven by higher small-scale fabrication activity, which the company identifies as a more stable revenue base. Furthermore, Gulf Island Fabrication has observed improved bidding activity in the fabrication market and secured new contracts, including a fixed-price contract exceeding $35 million for structural components for the Francis Scott Key Bridge reconstruction. Such new project awards are expected to significantly contribute to the company's backlog and future revenue.
- Diversification and Stabilization of Revenue Streams in Services: Gulf Island Fabrication has focused on developing a more stable and durable business model by growing its services and small-scale fabrication businesses. Investments in areas like Cleaning and Environmental Services are specifically aimed at diversifying and stabilizing revenue streams. Despite facing some project delays and other challenges in its Services division, the strategic emphasis on these more resilient segments is expected to lead to more consistent revenue performance.
- Contribution to U.S. Infrastructure Projects: Gulf Island Fabrication's capabilities in delivering complex steel structures and specialty services are well-positioned to support the building and rebuilding of U.S. infrastructure. This focus aligns with potential increased demand for such projects, leveraging GIFI's strategic Gulf Coast location and experienced workforce to drive revenue growth from a robust market.
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Share Repurchases
- In December 2023, Gulf Island Fabrication's Board of Directors authorized a share repurchase program for up to $5.0 million of its common stock, effective from December 15, 2023, through December 15, 2024.
- During the first quarter of 2025, the company repurchased 86,364 shares for $0.6 million.
- In the second quarter of 2025, Gulf Island repurchased 437,229 shares of its common stock for $2.8 million. The company subsequently increased this share repurchase program to $10 million and extended it through December 2026.
Share Issuance
- No significant share issuances by Gulf Island Fabrication were identified within the last 3-5 years.
Inbound Investments
- In November 2025, IES Holdings, Inc. announced an agreement to acquire Gulf Island Fabrication for approximately $192 million in an all-cash transaction, with IES paying $12.00 per share. This represents a 52% premium to Gulf Island's trading price as of November 6, 2025. The transaction is expected to close in the quarter ending March 31, 2026, pending shareholder and regulatory approvals.
Outbound Investments
- In April 2025, Gulf Island entered into an agreement to acquire certain assets of ENGlobal Corporation's automation, engineering, and government services businesses.
- The acquisition, referred to as the "Englobal Acquisition," was completed in the second quarter of 2025, with total capital commitments of $5.5 million.
- This investment included making advances to ENGlobal under a DIP Credit Agreement totaling $1.2 million as of March 31, 2025, and assuming a $2.4 million senior secured loan from Alliance 2000, Ltd. to ENGlobal in exchange for a $1.5 million cash payment.
Capital Expenditures
- For the nine months ended September 30, 2025, Gulf Island's capital expenditures were $16.1 million.
- Capital expenditures for the third quarter of 2025 were $3.5 million, with maintenance capital expenditures representing approximately 10% of total revenue.
- Expected capital expenditures for the full year 2025 are projected to be between $18 million and $23 million. The company's capital allocation strategy prioritizes investments in organic growth opportunities and the acquisition of complementary assets.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Gulf Island Fabrication Earnings Notes | ||
| How Low Can Gulf Island Fabrication Stock Really Go? | Return |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons for Gulf Island Fabrication
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.84 |
| Mkt Cap | 3.8 |
| Rev LTM | 4,147 |
| Op Inc LTM | 10 |
| FCF LTM | 154 |
| FCF 3Y Avg | 151 |
| CFO LTM | 193 |
| CFO 3Y Avg | 212 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.0% |
| Rev Chg 3Y Avg | 7.2% |
| Rev Chg Q | 25.0% |
| QoQ Delta Rev Chg LTM | 5.7% |
| Op Mgn LTM | 2.0% |
| Op Mgn 3Y Avg | 0.3% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 5.3% |
| CFO/Rev 3Y Avg | 6.0% |
| FCF/Rev LTM | 4.1% |
| FCF/Rev 3Y Avg | 4.3% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Services | 94 | 87 | 41 | ||
| Fabrication | 89 | 48 | 41 | ||
| Corporate | -1 | -1 | -1 | -2 | -2 |
| Shipyard | -30 | 8 | 13 | 20 | 168 |
| Fabrication & Services Division | 99 | 137 | |||
| Total | 151 | 142 | 93 | 118 | 303 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Services | 11 | 8 | 3 | ||
| Fabrication | 11 | 5 | -3 | ||
| Corporate | -8 | -9 | -8 | -8 | -10 |
| Shipyard | -39 | -8 | -6 | -11 | -26 |
| Fabrication & Services Division | 6 | -14 | |||
| Total | -26 | -3 | -13 | -14 | -50 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Corporate | 52 | 50 | 60 | 60 | 72 |
| Fabrication | 42 | 41 | 37 | ||
| Services | 32 | 28 | 22 | ||
| Shipyard | 2 | 16 | 16 | 17 | 103 |
| Fabrication & Services Division | 54 | 77 | |||
| Total | 128 | 135 | 135 | 131 | 253 |
Price Behavior
Price Behavior
| Market Price | $12.00 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 04/04/1997 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $11.73 | $8.11 |
| DMA Trend | up | up |
| Distance from DMA | 2.3% | 48.0% |
| 3M | 1YR | |
| Volatility | 102.1% | 60.5% |
| Downside Capture | 1.97 | 36.03 |
| Upside Capture | 273.78 | 84.87 |
| Correlation (SPY) | 2.4% | 12.0% |
GIFI Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.02 | 0.38 | 0.49 | 0.39 | 0.37 | 0.53 |
| Up Beta | -0.07 | -5.82 | -4.23 | -2.00 | 0.15 | 0.24 |
| Down Beta | -0.02 | 0.22 | 0.17 | -0.20 | 0.40 | 0.58 |
| Up Capture | 7% | 441% | 391% | 235% | 70% | 49% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 9 | 19 | 31 | 59 | 122 | 350 |
| Down Capture | -9% | 16% | 54% | 60% | 35% | 81% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 2 | 8 | 19 | 50 | 104 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| GIFI vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| GIFI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 74.9% | 25.4% | 19.8% | 70.5% | 3.8% | 10.2% | -1.0% |
| Annualized Volatility | 60.1% | 18.9% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | 1.11 | 1.06 | 0.81 | 2.56 | 0.04 | 0.41 | 0.07 |
| Correlation With Other Assets | 12.8% | 12.1% | 9.2% | 14.7% | 16.2% | 11.4% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| GIFI vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| GIFI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 30.3% | 14.9% | 14.1% | 19.4% | 11.1% | 6.1% | 20.0% |
| Annualized Volatility | 48.5% | 17.2% | 17.1% | 15.6% | 18.7% | 18.8% | 48.1% |
| Sharpe Ratio | 0.70 | 0.70 | 0.66 | 1.00 | 0.47 | 0.23 | 0.45 |
| Correlation With Other Assets | 16.1% | 14.4% | 9.8% | 14.8% | 13.0% | 9.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| GIFI vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| GIFI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.2% | 14.9% | 15.5% | 14.8% | 7.6% | 5.9% | 70.8% |
| Annualized Volatility | 46.8% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.24 | 0.66 | 0.75 | 0.83 | 0.35 | 0.25 | 0.91 |
| Correlation With Other Assets | 17.5% | 16.0% | 8.1% | 16.5% | 15.0% | 4.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/12/2025 | -0.1% | 0.0% | 1.2% |
| 8/6/2025 | 0.9% | 1.8% | 8.4% |
| 3/4/2025 | -2.9% | -5.2% | 2.6% |
| 11/5/2024 | 7.5% | 23.0% | 24.3% |
| 8/6/2024 | -10.6% | -7.5% | -8.3% |
| 3/7/2024 | 26.6% | 29.3% | 28.4% |
| 11/7/2023 | -6.5% | -4.1% | 0.2% |
| 8/8/2023 | 1.4% | -0.3% | -6.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 9 |
| # Negative | 10 | 9 | 9 |
| Median Positive | 6.6% | 8.4% | 8.4% |
| Median Negative | -5.4% | -5.4% | -8.3% |
| Max Positive | 26.6% | 29.3% | 28.4% |
| Max Negative | -16.7% | -16.0% | -35.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/12/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/07/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/07/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/05/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/06/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/07/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/08/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 03/08/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/08/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/09/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/10/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/29/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/09/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/10/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/11/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/23/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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