NYSEAMERICAN : SLND
Southland Holdings, Inc. — Financial statements
Industrials · Engineering & Construction · United States
Last price 0.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 40.28M
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Financial statements
Southland Holdings, Inc. (SLND) reported revenue of 603.01M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 603.01M | 772.17M | 980.18M | 1.16B | 1.16B | 1.28B |
| Cost of Revenue | 867.71M | 927.43M | 1.04B | 1.12B | 1.02B | 1.16B |
| Gross Profit | -264.69M | -155.26M | -63.04M | 35.81M | 140.93M | 114.19M |
| Selling, General & Admin | 63.23M | 61.62M | 63.27M | 67.19M | 58.23M | 58.14M |
| Operating Expenses | 63.23M | 61.62M | 63.27M | 67.19M | 58.23M | 58.14M |
| Operating Income | -327.93M | -216.88M | -126.31M | -31.38M | 82.70M | 56.05M |
| Interest Expense | -34.18M | -37.02M | -29.51M | -19.47M | -8.89M | -7.25M |
| Other Non Operating Income (Expenses) | 3.67M | -529.00K | 438.00K | 2.19M | -1.17M | -2.39M |
| EBT Excluding Unusual Items | -358.44M | -254.43M | -155.39M | -48.66M | 72.64M | 46.41M |
| Gain (Loss) on Sale of Investments | 429.00K | 291.00K | -225.00K | 30.00K | -76.00K | 898.00K |
| Gain (Loss) on Sale of Assets | 2.27M | 2.27M | 3.44M | 1.33M | 3.38M | 5.17M |
| Other Unusual Items | -246.00K | 20.06M | ||||
| Pretax Income | -355.74M | -251.87M | -152.42M | -27.24M | 75.94M | 52.48M |
| Income Tax Expense | 55.28M | 56.50M | -46.89M | -8.53M | 13.29M | 10.95M |
| Earnings From Continuing Operations | -411.01M | -308.36M | -105.53M | -18.71M | 62.65M | 41.53M |
| Minority Interest in Earnings | 6.71M | 1.82M | 163.00K | -538.00K | -2.11M | -2.81M |
| Net Income | -404.30M | -306.54M | -105.36M | -19.25M | 60.54M | 38.72M |
| Net Income to Common | -404.30M | -306.54M | -105.36M | -19.25M | 60.54M | 38.72M |
| Shares Outstanding (Basic) | 54.15M | 54.05M | 48.07M | 47.09M | ||
| Shares Outstanding (Diluted) | 54.15M | 54.05M | 48.07M | 47.09M | ||
| EPS (Basic) | -7.47 | -5.67 | -2.19 | -0.41 | ||
| EPS (Diluted) | -7.47 | -5.67 | -2.19 | -0.41 | ||
| Free Cash Flow | -157.65M | 12.73M | -5.49M | -21.11M | -70.97M | -109.37M |
| Free Cash Flow Per Share | -2.91 | 0.24 | -0.11 | -0.45 | ||
| Gross Margin | -43.90% | -20.11% | -6.43% | 3.09% | 12.13% | 8.93% |
| Operating Margin | -54.38% | -28.09% | -12.89% | -2.70% | 7.12% | 4.38% |
| Profit Margin | -67.05% | -39.70% | -10.75% | -1.66% | 5.21% | 3.03% |
| Free Cash Flow Margin | -26.14% | 1.65% | -0.56% | -1.82% | -6.11% | -8.55% |
| EBITDA | -305.54M | -193.67M | -103.02M | -852.00K | 128.40M | 103.52M |
| EBITDA Margin | -50.67% | -25.08% | -10.51% | -0.07% | 11.05% | 8.09% |
| D&A For EBITDA | 22.39M | 23.21M | 23.30M | 30.53M | 45.70M | 47.47M |
| EBIT | -327.93M | -216.88M | -126.31M | -31.38M | 82.70M | 56.05M |
| EBIT Margin | -54.38% | -28.09% | -12.89% | -2.70% | 7.12% | 4.38% |
| Effective Tax Rate | 17.50% | 20.86% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 34.88M | 52.71M | 72.19M | 49.18M | 57.91M | 63.34M |
| Cash & Short-Term Investments | 34.88M | 52.71M | 72.19M | 49.18M | 57.91M | 63.34M |
| Accounts Receivable | 453.96M | 613.00M | 743.44M | 829.79M | 736.29M | 609.43M |
| Other Receivables | 167.00K | 158.00K | 224.00K | 2.89M | 2.87M | |
| Receivables | 453.96M | 613.17M | 743.59M | 830.02M | 739.18M | 612.30M |
| Inventory | 2.60M | 4.50M | 5.50M | 9.80M | 10.40M | |
| Restricted Cash | 10.85M | 14.76M | 15.38M | 14.64M | 14.08M | 47.90M |
| Other Current Assets | 46.89M | 50.73M | 46.00M | 43.20M | 46.33M | 12.58M |
| Total Current Assets | 546.58M | 733.97M | 881.65M | 942.54M | 867.30M | 746.52M |
| Property, Plant & Equipment | 102.86M | 117.83M | 131.22M | 114.64M | 130.98M | 171.85M |
| Long-Term Investments | 131.54M | 134.61M | 131.99M | 127.47M | 119.58M | 109.46M |
| Goodwill | 1.53M | 1.53M | 1.53M | 1.53M | 1.53M | 1.53M |
| Other Intangible Assets | 1.18M | 1.18M | 1.18M | 1.68M | 2.22M | 3.21M |
| Long-Term Deferred Tax Assets | 1.05M | 3.00K | 54.53M | 11.50M | ||
| Other Long-Term Assets | 167.00K | 1.54M | 1.71M | 3.70M | 3.19M | |
| Total Assets | 784.73M | 989.28M | 1.20B | 1.20B | 1.13B | 1.04B |
| Accounts Payable | 80.54M | 224.91M | 191.67M | 162.46M | 126.39M | 146.46M |
| Accrued Expenses | 56.63M | 54.41M | 57.52M | 85.23M | 93.68M | 96.03M |
| Current Portion of Long-Term Debt | 58.04M | 53.73M | 44.52M | 48.45M | 46.32M | 41.33M |
| Current Portion of Leases | 5.93M | 6.81M | 10.10M | 14.08M | 16.57M | 20.05M |
| Current Unearned Revenue | 194.42M | 252.54M | 249.71M | 193.35M | 131.56M | 111.29M |
| Other Current Liabilities | 33.46M | 62.58M | 67.62M | 80.39M | 61.58M | 51.74M |
| Total Current Liabilities | 429.02M | 654.99M | 621.14M | 583.97M | 476.10M | 466.88M |
| Long-Term Debt | 190.15M | 245.41M | 297.09M | 251.91M | 227.28M | 195.60M |
| Long-Term Leases | 13.87M | 16.40M | 10.79M | 5.25M | 10.03M | 13.50M |
| Long-Term Deferred Tax Liabilities | 2.31M | 3.03M | 292.00K | 2.55M | 3.39M | 5.96M |
| Other Long-Term Liabilities | 397.57M | 201.96M | 98.92M | 96.84M | 48.62M | 51.46M |
| Total Liabilities | 1.03B | 1.12B | 1.03B | 940.50M | 765.42M | 733.40M |
| Common Stock | 5.00K | 5.00K | 5.00K | 5.00K | 327.61M | 267.83M |
| Additional Paid-In Capital | 294.02M | 293.24M | 292.17M | 270.33M | ||
| Retained Earnings | -543.78M | -431.16M | -124.62M | -19.25M | ||
| Comprehensive Income & Other | -3.78M | -3.02M | -3.90M | -1.46M | -2.58M | -937.00K |
| Total Common Equity | -253.53M | -140.93M | 163.66M | 249.62M | 325.04M | 266.89M |
| Minority Interest | 5.35M | 8.43M | 11.75M | 10.94M | 10.45M | 11.06M |
| Shareholders' Equity | -248.18M | -132.51M | 175.41M | 260.56M | 359.88M | 302.35M |
| Total Liabilities & Equity | 784.73M | 989.28M | 1.20B | 1.20B | 1.13B | 1.04B |
| Total Debt | 267.99M | 322.35M | 362.51M | 319.69M | 300.20M | 270.47M |
| Net Cash (Debt) | -233.12M | -269.64M | -290.33M | -270.51M | -242.29M | -207.13M |
| Net Cash Per Share | -4.31 | -4.99 | -6.04 | -5.74 | ||
| Filing Date Shares Outstanding | 54.44M | 54.11M | 53.99M | 47.94M | ||
| Total Common Shares Outstanding | 54.44M | 54.11M | 53.94M | 47.89M | ||
| Working Capital | 117.56M | 78.98M | 260.51M | 358.57M | 391.21M | 279.63M |
| Book Value Per Share | -4.66 | -2.60 | 3.03 | 5.21 | ||
| Tangible Book Value | -256.24M | -143.64M | 160.95M | 246.41M | 321.29M | 262.15M |
| Tangible Book Value Per Share | -4.71 | -2.65 | 2.98 | 5.15 | ||
| Land | 6.17M | 6.17M | 6.17M | 6.21M | 6.30M | |
| Buildings | 28.69M | 28.93M | 30.90M | 31.23M | 33.64M | |
| Machinery | 358.78M | 348.70M | 339.12M | 335.71M | 322.48M | |
| Construction In Progress | 4.13M | 3.95M | 7.21M | 162.00K | 15.43M | |
| Order Backlog | 2.03B | 2.57B | 2.83B | 2.97B | 2.22B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -404.30M | -306.54M | -105.36M | -19.25M | 60.54M | 38.72M |
| Depreciation & Amortization | 22.39M | 23.21M | 23.30M | 30.53M | 45.70M | 47.47M |
| Other Amortization | 1.88M | 1.86M | ||||
| Loss (Gain) From Sale of Assets | -6.92M | -2.27M | -3.44M | -1.33M | -3.38M | -5.17M |
| Loss (Gain) From Sale of Investments | -431.00K | -292.00K | -3.14M | -2.48M | -2.62M | -3.41M |
| Loss (Gain) on Equity Investments | 3.45M | 1.29M | 415.00K | -7.74M | -9.30M | -7.24M |
| Stock-Based Compensation | 1.31M | 1.18M | 2.05M | 891.00K | ||
| Other Operating Activities | 48.99M | 55.39M | -44.68M | -31.97M | -5.20M | 11.51M |
| Change in Accounts Receivable | 296.07M | 139.91M | 80.64M | -91.89M | -157.11M | -9.53M |
| Change in Accounts Payable | -159.68M | 23.62M | -3.65M | 46.61M | -13.55M | 26.48M |
| Change in Unearned Revenue | -56.52M | 2.83M | 56.43M | 61.77M | 20.05M | -188.65M |
| Change in Other Net Operating Assets | 94.28M | 76.40M | -619.00K | 4.59M | -1.34M | -749.00K |
| Operating Cash Flow | -156.31M | 16.58M | 1.93M | -10.26M | -66.20M | -90.57M |
| Capital Expenditures | -1.34M | -3.85M | -7.42M | -10.85M | -4.76M | -18.80M |
| Sale of Property, Plant & Equipment | 10.70M | 6.55M | 6.51M | 8.81M | 10.06M | 11.25M |
| Investment in Securities | 750.00K | 689.00K | 4.13M | 6.52M | -73.00K | -1.20M |
| Other Investing Activities | 156.00K | 336.00K | 248.00K | |||
| Investing Cash Flow | 10.26M | 3.39M | 3.23M | 4.49M | 5.56M | -8.50M |
| Long-Term Debt Issued | 215.63M | 123.27M | 75.28M | 273.17M | ||
| Long-Term Debt Repaid | -52.06M | -190.26M | -141.56M | -51.09M | -240.30M | |
| Net Debt Issued (Repaid) | -79.28M | -52.06M | 25.36M | -18.29M | 24.19M | 32.87M |
| Repurchase of Common Stock | -29.00K | -120.00K | -206.00K | |||
| Common Dividends Paid | -217.00K | -2.46M | -2.62M | |||
| Dividends Paid | -217.00K | -2.46M | -2.62M | |||
| Other Financing Activities | 208.01M | 12.03M | -6.38M | 15.70M | -1.60M | 355.00K |
| Financing Cash Flow | 128.48M | -40.15M | 18.78M | -2.59M | 20.14M | 30.60M |
| Foreign Exchange Rate Adjustments | -11.00K | 85.00K | -195.00K | 195.00K | 1.25M | -686.00K |
| Net Cash Flow | -17.57M | -20.09M | 23.74M | -8.17M | -39.25M | -69.15M |
| Free Cash Flow | -157.65M | 12.73M | -5.49M | -21.11M | -70.97M | -109.37M |
| Free Cash Flow Margin | -26.14% | 1.65% | -0.56% | -1.82% | -6.11% | -8.55% |
| Free Cash Flow Per Share | -2.91 | 0.24 | -0.11 | -0.45 | ||
| Levered Free Cash Flow | -109.95M | 19.87M | 49.51M | 13.05M | -31.45M | 2.02M |
| Unlevered Free Cash Flow | -90.47M | 41.15M | 67.96M | 25.22M | -25.89M | 6.56M |
| Cash Interest Paid | 29.69M | 35.28M | 28.05M | 18.28M | 9.04M | 7.52M |
| Cash Income Tax Paid | 1.35M | 1.16M | 1.56M | 7.59M | 10.39M | 14.09M |
| Change in Working Capital | 174.14M | 242.75M | 132.79M | 21.08M | -151.95M | -172.45M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 40.28M | 179.66M | 175.29M | 247.12M | 367.01M | 356.60M |
| Enterprise Value | 273.40M | 484.01M | 467.57M | 555.69M | 648.84M | |
| Last Close Price | 0.74 | 3.32 | 3.25 | 5.16 | 10.22 | 9.93 |
| PE Ratio | 6.06 | 9.21 | ||||
| Forward PE | 241.35 | 241.35 | 22.93 | 12.78 | ||
| PS Ratio | 0.07 | 0.23 | 0.18 | 0.21 | 0.32 | 0.28 |
| PB Ratio | -1.36 | 1.00 | 0.95 | 1.02 | 1.18 | |
| P/TBV Ratio | 1.09 | 1.00 | 1.14 | 1.36 | ||
| P/FCF Ratio | 14.11 | |||||
| P/OCF Ratio | 10.84 | 90.97 | ||||
| PEG Ratio | 11.49 | 11.49 | 1.12 | |||
| EV/Sales Ratio | 0.45 | 0.63 | 0.48 | 0.48 | 0.56 | |
| EV/EBITDA Ratio | 5.05 | |||||
| EV/EBIT Ratio | 7.84 | |||||
| EV/FCF Ratio | 38.01 | |||||
| Debt / Equity Ratio | -1.08 | -2.43 | 2.07 | 1.23 | 0.83 | 0.90 |
| Debt / EBITDA Ratio | 6.04 | 1.69 | 1.81 | |||
| Debt / FCF Ratio | 25.31 | |||||
| Net Debt / Equity Ratio | -0.94 | -2.04 | 1.66 | 1.04 | 0.67 | 0.69 |
| Net Debt / EBITDA Ratio | -0.76 | -1.39 | -2.82 | -317.50 | 1.89 | 2.00 |
| Net Debt / FCF Ratio | -1.48 | 21.17 | -52.89 | -12.81 | -3.41 | -1.89 |
| Asset Turnover | 0.61 | 0.70 | 0.81 | 1.00 | 1.07 | 1.19 |
| Inventory Turnover | 261.25 | 208.64 | 147.01 | 101.04 | 113.11 | |
| Quick Ratio | 1.14 | 1.02 | 1.31 | 1.51 | 1.67 | 1.45 |
| Current Ratio | 1.27 | 1.12 | 1.42 | 1.61 | 1.82 | 1.60 |
| Return on Equity (ROE) | -1,437.49% | -48.41% | -6.03% | 18.92% | 14.70% | |
| Return on Assets (ROA) | -20.81% | -12.36% | -6.57% | -1.69% | 4.78% | 3.25% |
| Return on Invested Capital (ROIC) | -86.71% | -54.22% | -25.34% | -5.54% | 12.28% | 9.05% |
| Return on Capital Employed (ROCE) | -92.20% | -64.90% | -21.70% | -5.10% | 12.70% | 9.90% |
| Earnings Yield | -1,008.97% | -170.63% | -60.11% | -7.79% | 16.50% | 10.86% |
| FCF Yield | -391.37% | 7.09% | -3.13% | -8.54% | -19.34% | -30.67% |
| Payout Ratio | 4.06% | 6.77% | ||||
| Buyback Yield / Dilution | -6.01% | -12.43% | -2.09% |