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NYSE · HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS

Southland Holdings, Inc. SLND

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$772.2M
▼ 21.2% YoY
$-306.5M
$12.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Southland designs and constructs 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, and is the parent company of Johnson Bros. Corporation, American Bridge Company, Oscar Renda Contracting, Southland Contracting, Mole Constructors and Heritage Materials. Its workforce was made up of approximately 1,800 employees as of December 31, 2025, of which approximately 500 were salaried and approximately 1,300 were hourly. Contract backlog totaled $2,031,080 thousand as of December 31, 2025, down from $2,572,912 thousand as of December 31, 2024. It manages Southland in two distinct segments, Civil and Transportation. The Company was incorporated on July 14, 2021 as a Delaware corporation, and on February 14, 2023 it completed a merger after which it changed its name to Southland Holdings, Inc. from Legato Merger Corp. II.

Written from the business description in Southland Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.

Growth

USD 772.2M
Revenue, FY2025 · full 5-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.8 · Net income -0.3
0.5B1.0B-0.1B-0.3B
202120242025
Compound annual growth
−12.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−40 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -28.1% · Net -39.9%
2%4%6%-10%-20%-30%
202120232025
ROE
FY2024 · ROE -51.0%
-20%-40%
202120232025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -47%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 12.7
5M10M-50M-100M
202120232025

Total assetsUSD 989.3M
EquityUSD -140.9M
CashUSD 52.7M
Gross debtUSD 257.7M
Net debtUSD 205.0M
Current ratio1.12×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD

The share count changed between 2021 and 2023, but the exact year can't be marked here — the underlying count wasn't on file for every year in that stretch.

row low → row highnegative—not applicable◌not available in our data
SLND, 5-year financial record
Metric 20252024202320222021
Revenue $B0.81.01.21.21.3
Operating income $B−0.2−0.1−0.00.10.1
EBITDA $B−0.2−0.1−0.00.10.1
Income tax $B0.1−0.0−0.00.00.0
Net income $B−0.3−0.1−0.00.10.0
Free cash flow $B0.0−0.0−0.0−0.1−0.1
EPS, diluted $−5.67−2.19−0.41◌◌
Dividend / sh $◌◌◌◌◌
Payout % — not applicable: no dividend—————
ROE %—−51.0−6.4——
Shares out B0.050.050.050.000.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 16 checks were skipped: EPS is not tagged before 2023. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityHeavy Construction Other Than Bldg Const - Contractors
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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