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Side-by-side financial comparison of QUHUO Ltd (QH) and Southland Holdings, Inc. (SLND). Click either name above to swap in a different company.

QUHUO Ltd is the larger business by last-quarter revenue ($157.9M vs $104.0M, roughly 1.5× Southland Holdings, Inc.).

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

Southland Holdings, Inc. is a leading North American infrastructure construction firm. It offers full-suite services for transportation projects including highways, bridges and airports, water and wastewater system construction, and commercial site development, serving both public sector and private industry clients across regional core markets.

QH vs SLND — Head-to-Head

Bigger by revenue
QH
QH
1.5× larger
QH
$157.9M
$104.0M
SLND

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
QH
QH
SLND
SLND
Revenue
$157.9M
$104.0M
Net Profit
$-216.4M
Gross Margin
-186.0%
Operating Margin
-202.4%
Net Margin
-208.2%
Revenue YoY
-61.1%
Net Profit YoY
-5108.5%
EPS (diluted)
$-4.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
QH
QH
SLND
SLND
Q4 25
$104.0M
Q3 25
$213.3M
Q2 25
$157.9M
$215.4M
Q1 25
$239.5M
Q4 24
$267.3M
Q3 24
$173.3M
Q2 24
$222.9M
$251.5M
Q1 24
$288.1M
Net Profit
QH
QH
SLND
SLND
Q4 25
$-216.4M
Q3 25
$-75.3M
Q2 25
$-10.3M
Q1 25
$-4.6M
Q4 24
$-4.2M
Q3 24
$-54.7M
Q2 24
$-6.4M
$-46.1M
Q1 24
$-406.0K
Gross Margin
QH
QH
SLND
SLND
Q4 25
-186.0%
Q3 25
1.5%
Q2 25
6.2%
Q1 25
9.0%
Q4 24
2.9%
Q3 24
-29.5%
Q2 24
1.5%
-15.9%
Q1 24
7.1%
Operating Margin
QH
QH
SLND
SLND
Q4 25
-202.4%
Q3 25
-5.3%
Q2 25
-0.1%
Q1 25
2.1%
Q4 24
-3.0%
Q3 24
-39.6%
Q2 24
-2.7%
-22.1%
Q1 24
2.1%
Net Margin
QH
QH
SLND
SLND
Q4 25
-208.2%
Q3 25
-35.3%
Q2 25
-4.8%
Q1 25
-1.9%
Q4 24
-1.6%
Q3 24
-31.6%
Q2 24
-2.9%
-18.3%
Q1 24
-0.1%
EPS (diluted)
QH
QH
SLND
SLND
Q4 25
$-4.01
Q3 25
$-1.39
Q2 25
$-0.19
Q1 25
$-0.08
Q4 24
$-0.08
Q3 24
$-1.14
Q2 24
$-0.96
Q1 24
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
QH
QH
SLND
SLND
Cash + ST InvestmentsLiquidity on hand
$4.3M
$52.7M
Total DebtLower is stronger
$858.0K
$257.7M
Stockholders' EquityBook value
$57.4M
$-140.9M
Total Assets
$118.4M
$989.3M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QH
QH
SLND
SLND
Q4 25
$52.7M
Q3 25
$40.5M
Q2 25
$4.3M
$46.5M
Q1 25
$65.1M
Q4 24
$72.2M
Q3 24
$91.4M
Q2 24
$14.3M
$52.4M
Q1 24
$31.2M
Total Debt
QH
QH
SLND
SLND
Q4 25
$257.7M
Q3 25
$267.8M
Q2 25
$858.0K
$278.6M
Q1 25
$288.1M
Q4 24
$300.1M
Q3 24
$318.3M
Q2 24
$1.2M
$307.8M
Q1 24
$302.0M
Stockholders' Equity
QH
QH
SLND
SLND
Q4 25
$-140.9M
Q3 25
$75.0M
Q2 25
$57.4M
$151.1M
Q1 25
$159.1M
Q4 24
$163.7M
Q3 24
$149.1M
Q2 24
$64.6M
$203.3M
Q1 24
$249.3M
Total Assets
QH
QH
SLND
SLND
Q4 25
$989.3M
Q3 25
$1.1B
Q2 25
$118.4M
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$135.0M
$1.3B
Q1 24
$1.2B
Debt / Equity
QH
QH
SLND
SLND
Q4 25
Q3 25
3.57×
Q2 25
0.01×
1.84×
Q1 25
1.81×
Q4 24
1.83×
Q3 24
2.14×
Q2 24
0.02×
1.51×
Q1 24
1.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
QH
QH
SLND
SLND
Operating Cash FlowLast quarter
$-5.8M
$9.7M
Free Cash FlowOCF − Capex
$9.3M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QH
QH
SLND
SLND
Q4 25
$9.7M
Q3 25
$5.9M
Q2 25
$-5.8M
$-5.4M
Q1 25
$6.4M
Q4 24
$-10.3M
Q3 24
$-5.3M
Q2 24
$27.4M
Q1 24
$-9.9M
Free Cash Flow
QH
QH
SLND
SLND
Q4 25
$9.3M
Q3 25
$5.3M
Q2 25
$-6.5M
Q1 25
$4.6M
Q4 24
$-11.5M
Q3 24
$-7.3M
Q2 24
$26.3M
Q1 24
$-13.0M
FCF Margin
QH
QH
SLND
SLND
Q4 25
8.9%
Q3 25
2.5%
Q2 25
-3.0%
Q1 25
1.9%
Q4 24
-4.3%
Q3 24
-4.2%
Q2 24
10.5%
Q1 24
-4.5%
Capex Intensity
QH
QH
SLND
SLND
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
1.1%
Q2 24
0.4%
Q1 24
1.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

QH
QH

Segment breakdown not available.

SLND
SLND

Civil$58.4M56%
Transportation$45.6M44%

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