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Side-by-side financial comparison of Southland Holdings, Inc. (SLND) and SONIDA SENIOR LIVING, INC. (SNDA). Click either name above to swap in a different company.

Southland Holdings, Inc. is the larger business by last-quarter revenue ($104.0M vs $97.7M, roughly 1.1× SONIDA SENIOR LIVING, INC.). SONIDA SENIOR LIVING, INC. runs the higher net margin — -30.5% vs -208.2%, a 177.7% gap on every dollar of revenue. On growth, SONIDA SENIOR LIVING, INC. posted the faster year-over-year revenue change (6.2% vs -61.1%). Southland Holdings, Inc. produced more free cash flow last quarter ($9.3M vs $-9.3M). Over the past eight quarters, SONIDA SENIOR LIVING, INC.'s revenue compounded faster (20.3% CAGR vs -39.9%).

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.

Sonida Senior Living, Inc. is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company and its predecessors have provided senior housing since 1990. As of June 1, 2025, the company operated 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,000+ residents, including 83 senior housing communities that the company owns and 13 communities that the company manages on behalf of third ...

SLND vs SNDA — Head-to-Head

Bigger by revenue
SLND
SLND
1.1× larger
SLND
$104.0M
$97.7M
SNDA
Growing faster (revenue YoY)
SNDA
SNDA
+67.3% gap
SNDA
6.2%
-61.1%
SLND
Higher net margin
SNDA
SNDA
177.7% more per $
SNDA
-30.5%
-208.2%
SLND
More free cash flow
SLND
SLND
$18.6M more FCF
SLND
$9.3M
$-9.3M
SNDA
Faster 2-yr revenue CAGR
SNDA
SNDA
Annualised
SNDA
20.3%
-39.9%
SLND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLND
SLND
SNDA
SNDA
Revenue
$104.0M
$97.7M
Net Profit
$-216.4M
$-29.8M
Gross Margin
-186.0%
Operating Margin
-202.4%
-30.8%
Net Margin
-208.2%
-30.5%
Revenue YoY
-61.1%
6.2%
Net Profit YoY
-5108.5%
-441.0%
EPS (diluted)
$-4.01
$-1.73

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
SLND
SLND
SNDA
SNDA
Q4 25
$104.0M
$97.7M
Q3 25
$213.3M
$98.0M
Q2 25
$215.4M
$93.5M
Q1 25
$239.5M
$91.9M
Q4 24
$267.3M
$91.9M
Q3 24
$173.3M
$74.8M
Q2 24
$251.5M
$70.2M
Q1 24
$288.1M
$67.4M
Net Profit
SLND
SLND
SNDA
SNDA
Q4 25
$-216.4M
$-29.8M
Q3 25
$-75.3M
$-26.9M
Q2 25
$-10.3M
$-1.6M
Q1 25
$-4.6M
$-12.5M
Q4 24
$-4.2M
$-5.5M
Q3 24
$-54.7M
$-13.8M
Q2 24
$-46.1M
$-9.8M
Q1 24
$-406.0K
$27.0M
Gross Margin
SLND
SLND
SNDA
SNDA
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
-15.9%
Q1 24
7.1%
Operating Margin
SLND
SLND
SNDA
SNDA
Q4 25
-202.4%
-30.8%
Q3 25
-5.3%
-27.8%
Q2 25
-0.1%
-2.0%
Q1 25
2.1%
21.9%
Q4 24
-3.0%
-6.7%
Q3 24
-39.6%
-19.0%
Q2 24
-22.1%
-13.9%
Q1 24
2.1%
22.1%
Net Margin
SLND
SLND
SNDA
SNDA
Q4 25
-208.2%
-30.5%
Q3 25
-35.3%
-27.4%
Q2 25
-4.8%
-1.7%
Q1 25
-1.9%
-13.6%
Q4 24
-1.6%
-6.0%
Q3 24
-31.6%
-18.4%
Q2 24
-18.3%
-14.0%
Q1 24
-0.1%
40.1%
EPS (diluted)
SLND
SLND
SNDA
SNDA
Q4 25
$-4.01
$-1.73
Q3 25
$-1.39
$-1.56
Q2 25
$-0.19
$-0.16
Q1 25
$-0.08
$-0.77
Q4 24
$-0.08
$-0.86
Q3 24
$-1.14
$-0.98
Q2 24
$-0.96
$-0.86
Q1 24
$-0.01
$2.16

Balance Sheet & Financial Strength

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

Metric
SLND
SLND
SNDA
SNDA
Cash + ST InvestmentsLiquidity on hand
$52.7M
$11.0M
Total DebtLower is stronger
$257.7M
$689.7M
Stockholders' EquityBook value
$-140.9M
$-11.0K
Total Assets
$989.3M
$844.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLND
SLND
SNDA
SNDA
Q4 25
$52.7M
$11.0M
Q3 25
$40.5M
$17.0M
Q2 25
$46.5M
$14.1M
Q1 25
$65.1M
$14.0M
Q4 24
$72.2M
$17.0M
Q3 24
$91.4M
$24.9M
Q2 24
$52.4M
$9.5M
Q1 24
$31.2M
$24.2M
Total Debt
SLND
SLND
SNDA
SNDA
Q4 25
$257.7M
$689.7M
Q3 25
$267.8M
$684.4M
Q2 25
$278.6M
$677.9M
Q1 25
$288.1M
$650.9M
Q4 24
$300.1M
$651.4M
Q3 24
$318.3M
$604.1M
Q2 24
$307.8M
$583.8M
Q1 24
$302.0M
$578.1M
Stockholders' Equity
SLND
SLND
SNDA
SNDA
Q4 25
$-140.9M
$-11.0K
Q3 25
$75.0M
$29.8M
Q2 25
$151.1M
$56.7M
Q1 25
$159.1M
$58.8M
Q4 24
$163.7M
$71.8M
Q3 24
$149.1M
$77.5M
Q2 24
$203.3M
$-34.1M
Q1 24
$249.3M
$-41.4M
Total Assets
SLND
SLND
SNDA
SNDA
Q4 25
$989.3M
$844.8M
Q3 25
$1.1B
$854.8M
Q2 25
$1.2B
$849.8M
Q1 25
$1.2B
$824.5M
Q4 24
$1.2B
$841.9M
Q3 24
$1.2B
$796.2M
Q2 24
$1.3B
$652.2M
Q1 24
$1.2B
$636.3M
Debt / Equity
SLND
SLND
SNDA
SNDA
Q4 25
Q3 25
3.57×
22.99×
Q2 25
1.84×
11.96×
Q1 25
1.81×
11.08×
Q4 24
1.83×
9.07×
Q3 24
2.14×
7.79×
Q2 24
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
SLND
SLND
SNDA
SNDA
Operating Cash FlowLast quarter
$9.7M
$-400.0K
Free Cash FlowOCF − Capex
$9.3M
$-9.3M
FCF MarginFCF / Revenue
8.9%
-9.5%
Capex IntensityCapex / Revenue
0.4%
9.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.7M
$-8.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLND
SLND
SNDA
SNDA
Q4 25
$9.7M
$-400.0K
Q3 25
$5.9M
$12.0M
Q2 25
$-5.4M
$8.9M
Q1 25
$6.4M
$3.8M
Q4 24
$-10.3M
$-3.1M
Q3 24
$-5.3M
$3.0M
Q2 24
$27.4M
$2.5M
Q1 24
$-9.9M
$-4.1M
Free Cash Flow
SLND
SLND
SNDA
SNDA
Q4 25
$9.3M
$-9.3M
Q3 25
$5.3M
$3.0M
Q2 25
$-6.5M
$1.9M
Q1 25
$4.6M
$-4.5M
Q4 24
$-11.5M
$-10.4M
Q3 24
$-7.3M
$-5.1M
Q2 24
$26.3M
$-1.7M
Q1 24
$-13.0M
$-9.9M
FCF Margin
SLND
SLND
SNDA
SNDA
Q4 25
8.9%
-9.5%
Q3 25
2.5%
3.0%
Q2 25
-3.0%
2.1%
Q1 25
1.9%
-4.9%
Q4 24
-4.3%
-11.3%
Q3 24
-4.2%
-6.8%
Q2 24
10.5%
-2.4%
Q1 24
-4.5%
-14.6%
Capex Intensity
SLND
SLND
SNDA
SNDA
Q4 25
0.4%
9.1%
Q3 25
0.3%
9.2%
Q2 25
0.5%
7.5%
Q1 25
0.7%
9.1%
Q4 24
0.5%
7.9%
Q3 24
1.1%
10.8%
Q2 24
0.4%
5.9%
Q1 24
1.1%
8.5%
Cash Conversion
SLND
SLND
SNDA
SNDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLND
SLND

Civil$58.4M56%
Transportation$45.6M44%

SNDA
SNDA

Health Care Resident Service$86.3M88%
Community Reimbursement Revenue$10.3M11%
Management Service$1.1M1%

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