InsiderClue
Stocks · Industrials · Heavy Construction Other Than Bldg Const - Contractors

Southland Holdings, Inc.

SLND Clue Score22
United States Fiscal year ends December CIK 0001883814
$0.78 +0.26% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.78 −87.35% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 23 Dec 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue1,279.2Operating income56.1Net income38.7Fiscal year 2022Revenue1,161.4 −9.2%Operating income82.7Net income60.5 +56.4%Fiscal year 2023Revenue1,160.4 −0.1%Operating income−31.4Net income−19.3 −131.8%EPS, diluted−0.41Fiscal year 2024Revenue980.2 −15.5%Operating income−126.3Net income−105.4EPS, diluted−2.19Fiscal year 2025Revenue772.2 −21.2%Operating income−216.9Net income−306.5EPS, diluted−5.67
FY2021FY2022FY2023FY2024FY2025
Revenue 1,279.2 1,161.4 1,160.4 980.2 772.2
Growth −9.2% −0.1% −15.5% −21.2%
Operating income 56.1 82.7 −31.4 −126.3 −216.9
Net income 38.7 60.5 −19.3 −105.4 −306.5
Growth +56.4% −131.8%
EPS, diluted n/a n/a −0.41 −2.19 −5.67
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin8.9%Operating margin4.4%Net margin3.0%Free cash flow margin−8.5%Fiscal year 2022Gross margin12.1%Operating margin7.1%Net margin5.2%Free cash flow margin−6.1%Fiscal year 2023Gross margin3.1%Operating margin−2.7%Net margin−1.7%Free cash flow margin−1.8%Fiscal year 2024Gross margin−6.4%Operating margin−12.9%Net margin−10.7%Free cash flow margin−0.6%Fiscal year 2025Gross margin−20.1%Operating margin−28.1%Net margin−39.7%Free cash flow margin1.6%
FY2021FY2022FY2023FY2024FY2025
Gross margin 8.9% 12.1% 3.1% −6.4% −20.1%
Operating margin 4.4% 7.1% −2.7% −12.9% −28.1%
Net margin 3.0% 5.2% −1.7% −10.7% −39.7%
Free cash flow margin −8.5% −6.1% −1.8% −0.6% 1.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−90.6Capital expenditure−18.8Free cash flow−109.4Fiscal year 2022Operating cash flow−66.2Capital expenditure−4.8Free cash flow−71.0Fiscal year 2023Operating cash flow−10.3Capital expenditure−10.8Free cash flow−21.1Fiscal year 2024Operating cash flow1.9Capital expenditure−7.4Free cash flow−5.5Fiscal year 2025Operating cash flow16.6Capital expenditure−3.8Free cash flow12.7
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −90.6 −66.2 −10.3 1.9 16.6
Capital expenditure −18.8 −4.8 −10.8 −7.4 −3.8
Free cash flow −109.4 −71.0 −21.1 −5.5 12.7
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash63.3Shareholders’ equity−8.2Fiscal year 2022Cash57.9Total debt273.6Net cash (debt)−215.7Shareholders’ equity349.4Debt to equity0.78Fiscal year 2023Cash49.2Total debt300.4Net cash (debt)−251.2Shareholders’ equity249.6Debt to equity1.20Fiscal year 2024Cash72.2Total debt300.2Net cash (debt)−228.0Shareholders’ equity163.7Debt to equity1.83Fiscal year 2025Cash52.7Total debt257.7Net cash (debt)−205.0Shareholders’ equity−140.9
FY2021FY2022FY2023FY2024FY2025
Cash 63.3 57.9 49.2 72.2 52.7
Total debt n/a 273.6 300.4 300.2 257.7
Net cash (debt) n/a −215.7 −251.2 −228.0 −205.0
Shareholders’ equity −8.2 349.4 249.6 163.7 −140.9
Debt to equity n/a 0.78 1.20 1.83 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
63.3 57.9 49.2 72.2 52.7
n/a 9.8 5.5 4.5 2.6
n/a 114.1 102.2 116.3 107.3
n/a 1.5 1.5 1.5 1.5
281.7 1,125.3 1,201.1 1,203.6 989.3
Growth +299.5% +6.7% +0.2% −17.8%
Liabilities
n/a 46.3 48.5 44.5 53.7
n/a 227.3 251.9 255.6 204.0
calc n/a 273.6 300.4 300.2 257.7
9.7 765.4 940.5 1,028.2 1,121.8
Equity
−8.2 −9.3 −19.3 −124.6 −431.2
−8.2 349.4 249.6 163.7 −140.9
Growth −28.6% −34.4% −186.1%
Per share and net cash
calc n/a −215.7 −251.2 −228.0 −205.0
8.3 0.0 47.9 53.9 54.1
calc −0.99 n/a 5.21 3.03 −2.60

Lines marked calc are worked out here from filed figures; point at one for how.