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
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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
8.9% 12.1% 3.1% −6.4% −20.1%
4.4% 7.1% −2.7% −12.9% −28.1%
n/a 0.2% n/a n/a n/a
3.0% 5.2% −1.7% −10.7% −39.7%
−8.5% −6.1% −1.8% −0.6% 1.6%
Spending
4.5% 5.0% 5.8% 6.5% 8.0%
1.5% 0.4% 0.9% 0.8% 0.5%
n/a 486.4% n/a n/a n/a
Returns
n/a 17.3% −7.7% −64.4% n/a
13.7% 5.4% −1.6% −8.8% −31.0%
Balance and payout
n/a 0.78 1.20 1.83 n/a
3.5% 68.0% 78.3% 85.4% 113.4%