Southland Holdings Inc. Common Stock (SLND)

FairStock Score: 15/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am a value investor who wants to buy a dollar of value for fifty cents, but I also insist on a durable business and a sound balance sheet. Southland fails those tests today. The stock closed at $0.81 on 2026-10-13, giving a market value of only $43.9M. Yet in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $113.3M and net income was -$84.3M, or -$1.55 per diluted share. A year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $215.4M and net income was -$10.3M, or -$0.19 per share. So revenue fell sharply while the loss ballooned. For fiscal year 2025, ended 2025-12-31, revenue was $772.2M and net income was -$306.5M, or -$5.67 per share. Fiscal year 2024, ended 2024-12-31, had $980.2M of revenue and a -$105.4M loss. Fiscal year 2023, ended 2023-12-31, had $1.2B of revenue and a -$19.3M loss. This is not a moat; specialty construction is competitive and cyclical. FairStock's calculations show a negative P/E of -0.11, ROE of -5553.79%, ROCE of -20.81%, and trailing free cash flow of -$157.7M, or a -359.3% FCF yield on the 2026-10-13 market cap. FairStock's Piotroski F-score is 1/9 and its Altman Z-score is -0.99, both warning signs of financial distress. There is no dividend and no P/B. FairStock classifies it as a Lynch turnaround, loss in latest year after earlier profits, but a turnaround needs cash and time. At $0.81, the price is not cheap because it is not supported by earnings, assets, or free cash flow. I would need evidence that losses are narrowing and cash is no longer leaving the business before calling this a value opportunity.

In plain English: Southland Holdings builds and repairs water pipelines, treatment plants, bridges, and other heavy infrastructure in North America. The business looks weak because revenue is falling, losses are large, and cash is going out the door. The share price is very low, but with no profits or positive cash flow, it does not look like a safe bargain based on the numbers.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer