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MARKETS / NYSE / SLND
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
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-0.2B20212022202320242025
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%20212022202320242025
ROE
FY2025 · ROE -2697.9%
-1000%-2000%20212022202320242025

Each USD of equity lost 2698 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 12.7
5M10M-40M-80M20212022202320242025

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

Equity was negative — liabilities 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
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 %·····
ROE %−2697.9−51.0−6.435.5·
Shares out B0.050.050.050.000.01

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

Provenance
Company facts, as filed
How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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