Southland Holdings, Inc. (SLND)
Southland Holdings, Inc. engages in specialty infrastructure construction business in North America. The company operates through Civil and Transportation segments. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling. The Transportation segment designs and constructs bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities, as well as convention centers, sports stadiums, marine facilities, and ferris wheels. The company was founded in 1900 and is headquartered in Grapevine, Texas.
Sector: Heavy Construction Other Than Bldg Const - Contractors
Industry: Engineering & Construction
Southland Holdings, Inc.
NYSE:SLNDIndustrials · Engineering & Construction
PrePre-market-3.36%$0.7301
Close$0.7555+2.09%
AH Close$0.7555-3.36%since
Close$0.7555+2.09%AH Close$0.7555-3.36%since
Mkt Cap$41.18M
Float14.42M
O/S54.51M
Inst Own12.5%
SI2.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$772.17M
Net Income-$306.54M
Total Assets$989.28M
Free Cash Flow$12.73M
Debt & Equity
Debt 178%
Total Debt$322.35M
Total Equity-$140.93M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:250Reverse splitFeb 11, 2013250 shares → 1
Balance Sheet Details
Assets$989.28M
Liabilities$1.12B
Accounts Receivable$636.17M
Accounts Payable$224.91M
Inventory$0
PP&E (Net)$117.83M
Goodwill$1.53M
Intangible Assets$1.18M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $772.17M | $980.18M | $1.16B | $1.16B | $1.28B | $1.06B | $1.05B |
| YoY Growth | -21.2% | -15.5% | -0.1% | -9.2% | 20.9% | 1.0% | - |
| Cost of Revenue | $927.43M | $1.04B | $1.12B | $1.02B | $1.16B | $964.54M | $967.17M |
| Gross Profit | -$155.26M | -$63.04M | $35.81M | $140.93M | $114.19M | $93.4M | $80.5M |
| Gross Margin | -20.1% | -6.4% | 3.1% | 12.1% | 8.9% | 8.8% | 7.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $61.62M | $0 | $0 | $58.23M | $58.14M | $49.65M | $45.18M |
| Other | $0 | $63.27M | $67.19M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $61.62M | $63.27M | $67.19M | $58.23M | $58.14M | $49.65M | $45.18M |
| Operating Income (EBIT) | -$216.88M | -$126.31M | -$31.38M | $82.7M | $56.05M | $43.75M | $35.32M |
| Operating Margin | -28.1% | -12.9% | -2.7% | 7.1% | 4.4% | 4.1% | 3.4% |
| Interest Expense | $37.02M | $29.51M | $19.47M | $8.89M | $7.25M | $8.1M | $9.13M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$34.98M | -$26.11M | $4.14M | -$6.76M | -$3.58M | -$4.19M | -$2.62M |
| Income Before Tax (EBT) | -$251.87M | -$152.42M | -$27.24M | $75.94M | $52.48M | $39.56M | $32.7M |
| Income Tax Expense | $56.5M | -$46.89M | -$8.53M | $13.29M | $10.95M | $9.41M | $2.28M |
| Net Income | -$306.54M | -$105.36M | -$19.25M | $60.54M | $38.72M | $33.67M | $30.45M |
| Net Income Margin | -39.7% | -10.7% | -1.7% | 5.2% | 3.0% | 3.2% | 2.9% |
| Supplementary Data | |||||||
| EPS | -5.67 | -2.19 | -0.41 | 1.69 | 0.87 | 0.76 | 0.69 |
| Diluted EPS | -5.67 | -2.19 | -0.41 | 1.69 | 0.87 | 0.76 | 0.69 |
| Weighted Average OS | 54.05M | 48.07M | 47.09M | 35.91M | 35.91M | 44.41B | 44.41B |
| EBITDA | -$191.63M | -$99.61M | $22.76M | $130.53M | $107.2M | $87.02M | $77.7M |
| EBITDA Margin | -24.8% | -10.2% | 2.0% | 11.2% | 8.4% | 8.2% | 7.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $52.71M | $72.19M | $49.18M | $57.91M | $63.34M | $30.89M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $52.71M | $72.19M | $49.18M | $57.91M | $63.34M | $30.89M |
| Accounts Receivable | $636.17M | $774.76M | $858.63M | $771.27M | $609.43M | $602.82M |
| Inventory | $0 | $4.5M | $5.5M | $14.08M | $47.9M | $0 |
| Other Current Assets | $45.08M | $30.2M | $29.23M | $23.85M | $25.43M | $171.41M |
| Total Current Assets | $733.97M | $881.65M | $942.54M | $867.3M | $746.52M | $805.12M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $117.83M | $131.22M | $114.64M | $130.98M | $171.85M | $204.56M |
| Goodwill | $1.53M | $1.53M | $1.53M | $1.53M | $1.53M | $1.53M |
| Intangible Assets | $1.18M | $1.18M | $1.68M | $2.22M | $3.21M | $5.01M |
| Long-Term Investments | $129.7M | $131.99M | $127.47M | $119.58M | $109.46M | $100.29M |
| Deferred Tax Assets | $3K | $54.53M | $11.5M | $0 | $0 | $0 |
| Other Long-Term Assets | $5.08M | $1.54M | $1.71M | $3.7M | $3.19M | $4.12M |
| Total Long-Term Assets | $255.31M | $322M | $258.53M | $258M | $289.24M | $315.51M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $989.28M | $1.2B | $1.2B | $1.13B | $1.04B | $1.12B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $224.91M | $225.29M | $203.41M | $160.06M | $179.16M | $148.82M |
| Short-Term Debt | $53.73M | $44.52M | $48.45M | $46.32M | $41.33M | $35.65M |
| Current Income Tax Payable | $0 | $0 | $0 | $220K | $78K | $0 |
| Current Unearned Revenue | $0 | $249.71M | $193.35M | $131.56M | $111.29M | $284.75M |
| Other Current Liabilities | $315.12M | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $654.99M | $621.14M | $583.97M | $476.1M | $466.88M | $607.69M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $245.41M | $255.63M | $251.91M | $227.28M | $195.6M | $162.69M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $3.03M | $292K | $2.55M | $3.39M | $5.96M | $6.23M |
| Other Long-Term Liabilities | $201.96M | $140.39M | $96.84M | $48.62M | $51.46M | $59.15M |
| Total Long-Term Liabilities | $466.8M | $407.1M | $356.54M | $289.32M | $266.52M | $250.31M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.12B | $1.03B | $940.5M | $765.42M | $733.4M | $858.01M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $24.4M | $24.4M | $26M |
| Common Stock | $5K | $5K | $5K | $327.61M | $267.83M | $234.75M |
| Retained Earnings | -$431.16M | -$124.62M | -$19.25M | $0 | -$8.2M | $0 |
| Comprehensive Income & Other | -$3.02M | -$3.9M | -$1.46M | -$2.58M | -$937K | -$1.74M |
| Other Stockholders' Equity | $290.22M | $288.27M | $268.87M | $21.82M | $31.67M | $24.26M |
| Total Equity | -$140.93M | $163.66M | $249.62M | $349.44M | $291.29M | $259.02M |
| Minority Interest | $8.43M | $11.75M | $10.94M | $10.45M | $11.06M | $3.62M |
| Total Liabilities and Equity | $980.85M | $1.19B | $1.19B | $1.11B | $1.02B | $1.12B |
| Supplementary Data | ||||||
| Total Debt | $322.35M | $321.05M | $319.69M | $300.2M | $270.47M | $238.91M |
| Net Debt | $269.64M | $248.86M | $270.51M | $242.29M | $207.13M | $208.02M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$306.54M | -$105.53M | -$19.25M | $62.65M | $41.53M | $30.15M | $30.42M |
| Depreciation & Amortization | $23.21M | $23.3M | $30.53M | $45.7M | $47.47M | $39.37M | $35.87M |
| Deferred Income Tax | $57.26M | -$44.75M | -$12.34M | -$2.1M | -$271K | $476K | -$1.61M |
| Stock-Based Compensation | $0 | $2.05M | $891K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $139.91M | $80.64M | -$48.97M | -$157.11M | -$9.53M | -$42.78M | $6.54M |
| Inventory | $0 | $0 | -$46.61M | $0 | $0 | $0 | -$142.89M |
| Accounts Payable | $23.62M | $0 | $46.61M | -$13.55M | $26.48M | -$752K | $75.13M |
| Other Working Capital | $79.23M | $52.16M | $70.05M | $12.95M | -$180.57M | -$70.46M | -$19.24M |
| Total Working Capital Change | $242.75M | $132.79M | $21.08M | -$157.7M | -$163.62M | -$114M | -$80.47M |
| Other Non-Cash Items | -$104K | -$5.93M | -$31.17M | -$14.74M | -$15.68M | -$6.17M | -$6.34M |
| Net Cash from Operating | $16.58M | $1.93M | -$10.26M | -$66.2M | -$90.57M | -$50.17M | -$22.12M |
| Investing Activities | |||||||
| Capital Expenditures | -$3.85M | -$7.42M | -$10.85M | -$4.76M | -$18.8M | -$31M | -$55.44M |
| Acquisitions | $6.55M | $0 | $15.81M | -$664K | -$587K | -$16.21M | $0 |
| Purchases of Investments | $0 | -$339K | $0 | $0 | -$541K | -$743K | -$8.94M |
| Sales of Investments | $670K | $401K | $61K | $927K | $175K | $4.64M | $43.01M |
| Other Investing Activities | $19K | $10.58M | -$540K | $10.06M | $11.25M | $239.13M | $7.18M |
| Net Cash from Investing | $3.39M | $3.23M | $4.49M | $5.56M | -$8.5M | $195.82M | -$14.18M |
| Financing Activities | |||||||
| Debt Repaid | $52.06M | $17.12M | $18.29M | -$24.19M | -$32.87M | $40.94M | -$102.21M |
| Common Stock Issuance | $0 | $0 | $17.09M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$120K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$110K | -$2.46M | -$2.62M | -$6.17M | -$18.24M |
| Other Financing Activities | $12.03M | $35.9M | -$1.28M | -$1.6M | $355K | -$657K | -$6.27M |
| Net Cash from Financing | -$40.15M | $18.78M | -$2.59M | $20.14M | $30.6M | -$47.95M | $76.1M |
| Forex Effect | $85K | -$195K | $195K | $1.25M | -$686K | $968K | -$1.76M |
| Net Change in Cash | -$20.09M | $23.74M | -$8.17M | -$39.25M | -$69.15M | $98.66M | $38.03M |
| Supplementary Data | |||||||
| Operating Cash Flow | $16.58M | $1.93M | -$10.26M | -$66.2M | -$90.57M | -$50.17M | -$22.12M |
| Capital Expenditure | -$3.85M | -$7.42M | -$10.85M | -$4.76M | -$18.8M | -$31M | -$55.44M |
| Free Cash Flow | $12.73M | -$5.49M | -$21.11M | -$70.97M | -$109.37M | -$81.17M | -$77.56M |
| Cash at Beginning | $87.56M | $63.82M | $71.99M | $111.24M | $180.4M | $81.73M | $43.7M |
| Cash at End | $67.47M | $87.56M | $63.82M | $71.99M | $111.24M | $180.4M | $81.73M |