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Southland Holdings (SLND) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Southland Holdings (SLND) Q2 2026 earnings results →
Q2 2026 Revenue down 47% year over year to $113M · 77¢ of every $1 of revenue lost · operating margin -77.6%
Southland Holdings made $113M in Q2 2026 (-47% Y/Y): Transportation $72.3M, Civil $41.0M. Operating margin -77.6%, net loss $87.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $113.3M in Q2 2026, down 47% year over year and down 34% from the previous quarter. Transportation was the largest line at 64% of revenue. Transportation lost $61.5M year over year (down 46%), 60% of the total change.
Operating costs exceeded revenue by $87.9M, an operating margin of -77.6%. The quarter ended with a net loss of $87.1M, wider than the previous quarter's $28.2M loss. Minority interests bore $2.9M of it: to shareholders the quarter was a loss of $84.3M.
Operating cash flow was −$38.0M. Non-cash charges added back $5.4M of depreciation and amortization. Working capital and other items added $43.7M. Capital expenditures of $356K exceeded it, leaving free cash flow of −$38.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $113M | -47% | -77.6% | −$87.1M | −$38.0M |
| Q1 2026 | 10-Q | May 12, 2026 | $172M | -28% | -11.4% | −$28.2M | −$134M |
| Q4 2025 | 10-K | Mar 26, 2026 | $104M | -61% | -202.4% | −$219M | $9.7M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $213M | +23% | -5.3% | −$77.0M | $5.9M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $215M | -14% | -0.1% | −$9.9M | −$5.4M |
| Q1 2025 | 10-Q | May 13, 2025 | $239M | -17% | 2.1% | −$2.8M | $6.4M |
| Q4 2024 | 10-K | Mar 4, 2025 | $267M | -16% | -3.0% | −$2.6M | −$10.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Southland Holdings
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.
In its own words, from its 10-K, filed Mar 26, 2026.
Southland Holdings against its Heavy Construction Other Than Bldg Const - Contractors peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -47% against the peers' median +28%. Operating margin: -77.6% against the peers' median 7.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SLND Southland Holdings | Q2 2026 | $113M | -47% | -77.6% |
| J Jacobs Solutions | Q3 FY26 | $4.1B | +34% | 7.0% |
| FLR Fluor | Q3 2026 | $3.7B | +10% | 6.0% |
| KBR KBR | Q3 2026 | $2.0B | +5% | 9.2% |
| GVA Granite Construction | Q3 2026 | $1.8B | +23% | 12.7% |
| STRL Sterling Infrastructure | Q3 2026 | $1.6B | +127% | 19.6% |
| ROAD Construction Partners | Q3 FY26 | $999M | +28% | 10.9% |
| MWH Solv Energy | Q2 2026 | $951M | +78% | 7.3% |
| BYOP KiNRG | Q2 2026 | $369M | — | 4.6% |
Source: Southland Holdings 10-Q on SEC EDGAR · CIK 1883814 · Heavy Construction Other Than Bldg Const - Contractors
13F: who owns SLND and who is buying
More on SLND
- How Southland Holdings makes money: revenue by segment
- Southland Holdings next earnings date and what analysts expect
- Southland Holdings stock forecast, price target and fair value
- Who owns Southland Holdings stock: holders, funds and Congress trades
- Southland Holdings recalls, complaints and regulation
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results