Southland Holdings, Inc. SLND

Industrials SIC 1600 - Heavy Construction Other Than Bldg Const - Contractors NAICS Construction › Heavy and Civil Engineering Construction derived NYSE

Southland is a diverse leader in specialty infrastructure construction with roots dating back to 1900. The end markets for which we provide services cover a broad spectrum of specialty services within infrastructure construction. We design and construct projects in the bridges, tunnels, communications, transportation and facilities, marine, steel structures, water and wastewater treatment, and water pipelines end markets.

Southland is based in Grapevine, Texas. It is the parent company of Johnson Bros. Corporation, American Bridge Company, Oscar Renda Contracting, Southland Contracting, Mole Constructors and Heritage Materials. With the combined capabilities of these six primary subsidiaries, Southland has become a diversified industry leader with projects spanning North America in various end markets.

Last close 0.74 2026-10-23
Market cap $40.3M 2026-06-30 share count
52-week range 0.51 - 5.34

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF3.2x
EV/EBITDA—
Dividend yield—
Diluted EPS-5.67

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Transportation
  • Civil
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Transportation, FY2025: 429.8M (55.7%) 56% Transportation Civil, FY2025: 342.3M (44.3%) 44% Civil FY2024 Transportation, FY2024: 656.9M (67.0%) 67% Civil, FY2024: 323.3M (33.0%) 33% FY2023 Transportation, FY2023: 822.9M (70.9%) 71% Civil, FY2023: 337.5M (29.1%) 29%
Segment FY2025FY2024FY2023
Transportation $429.8M $656.9M $822.9M
Civil $342.3M $323.3M $337.5M

As the company reported it, from the “Revenue - Segment Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $772.2M$980.2M$1.16B$1.16B$1.28B—
Cost of revenue $927.4M$1.04B$1.12B$1.02B$1.16B—
Gross profit -$155.3M-$63.0M$35.8M$140.9M$114.2M—
SG&A $61.6M$63.3M$67.2M$58.2M$58.1M—
Operating income -$216.9M-$126.3M-$31.4M$82.7M$56.1M—
Interest expense $37.0M$29.5M$19.5M$8.9M$7.3M—
Pre-tax income -$250.0M-$58.5M-$10.7M$2.7M$49.7M—
Income tax $56.5M$46.9M$8.5M$13.3M$10.9M—
Net income -$306.5M-$105.4M-$19.3M$60.5M$38.7M—
EPS, basic -5.67-2.19-0.41———
EPS, diluted -5.67-2.19-0.41———
Shares, diluted (wtd. avg.) 54.0M48.1M47.1M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $52.7M$72.2M$49.2M$72.0M$111.2M$180.4M
Receivables $167.8M$179.3M$194.9M$135.7M——
Inventory $2.6M$4.5M$5.5M$9.8M——
Total current assets $734.0M$881.7M$942.5M$867.3M$1.5M—
Property, plant and equipment $107.3M$116.3M$102.2M$114.1M——
Goodwill $1.5M$1.5M$1.5M$1.5M——
Other intangibles $1.2M$1.2M$1.7M$2.2M——
Total assets $989.3M$1.20B$1.20B$1.13B$281.7M—
Accounts payable $224.9M$191.7M$162.5M$126.4M$5.7K—
Short-term debt $53.7M$44.5M$48.5M$46.3M——
Total current liabilities $655.0M$621.1M$584.0M$476.1M$83.3K—
Long-term debt $204.0M$255.6M$251.9M$227.3M——
Total liabilities $1.12B$1.03B$940.5M$765.4M$9.7M—
Retained earnings -$431.2M-$124.6M-$19.3M-$9.3M-$8.2M—
Total equity -$140.9M$163.7M$260.6M$316.8M$259.3M$262.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $16.6M$1.9M-$10.3M-$66.2M-$90.6M—
Depreciation and amortisation $23.2M$22.0M$29.9M$44.6M$45.0M—
Capital expenditure $3.8M$7.4M$10.8M$4.8M$18.8M—
Investing cash flow $3.4M$3.2M$4.5M$5.6M-$8.5M—
Financing cash flow -$40.2M$18.8M-$2.6M$20.1M$30.6M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-035302.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2021: 1.3B Gross profit, FY2021: 114.2M Net income, FY2021: 38.7M Revenue, FY2022: 1.2B Gross profit, FY2022: 140.9M Net income, FY2022: 60.5M Revenue, FY2023: 1.2B Gross profit, FY2023: 35.8M Net income, FY2023: -19.3M Revenue, FY2024: 980.2M Gross profit, FY2024: -63M Net income, FY2024: -105.4M Revenue, FY2025: 772.2M Gross profit, FY2025: -155.3M Net income, FY2025: -306.5M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.28B $1.16B $1.16B $980.2M $772.2M
Gross profit — $114.2M $140.9M $35.8M -$63.0M -$155.3M
Net income — $38.7M $60.5M -$19.3M -$105.4M -$306.5M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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