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Southland Holdings, Inc.（SLND）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是Southland Holdings, Inc.的7.3倍（$755.6M vs $104.0M）。STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -208.2%，领先219.8%）。STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs -61.1%）。STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $9.3M）。过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% vs -39.9%）
Southland Holdings, Inc.是北美知名基础设施建设企业，主营公路、桥梁、机场等交通工程、水处理系统搭建及商业场地开发业务，服务公共部门及私营领域客户，业务覆盖北美核心市场。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
SLND vs STRL — 直观对比
营收规模更大
STRL
是对方的7.3倍
$104.0M
营收增速更快
STRL
高出112.6%
-61.1%
净利率更高
STRL
高出219.8%
-208.2%
自由现金流更多
STRL
多$150.4M
$9.3M
两年增速更快
STRL
近两年复合增速
-39.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $104.0M | $755.6M |
| 净利润 | $-216.4M | $87.6M |
| 毛利率 | -186.0% | 21.7% |
| 营业利润率 | -202.4% | 15.9% |
| 净利率 | -208.2% | 11.6% |
| 营收同比 | -61.1% | 51.5% |
| 净利润同比 | -5108.5% | -22.6% |
| 每股收益（稀释后） | $-4.01 | $2.82 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收SLNDSTRL
| Q4 25 | $104.0M | $755.6M | ||
| Q3 25 | $213.3M | $689.0M | ||
| Q2 25 | $215.4M | $614.5M | ||
| Q1 25 | $239.5M | $430.9M | ||
| Q4 24 | $267.3M | $498.8M | ||
| Q3 24 | $173.3M | $593.7M | ||
| Q2 24 | $251.5M | $582.8M | ||
| Q1 24 | $288.1M | $440.4M |
净利润SLNDSTRL
| Q4 25 | $-216.4M | $87.6M | ||
| Q3 25 | $-75.3M | $92.1M | ||
| Q2 25 | $-10.3M | $71.0M | ||
| Q1 25 | $-4.6M | $39.5M | ||
| Q4 24 | $-4.2M | $113.2M | ||
| Q3 24 | $-54.7M | $61.3M | ||
| Q2 24 | $-46.1M | $51.9M | ||
| Q1 24 | $-406.0K | $31.0M |
毛利率SLNDSTRL
| Q4 25 | -186.0% | 21.7% | ||
| Q3 25 | 1.5% | 24.7% | ||
| Q2 25 | 6.2% | 23.3% | ||
| Q1 25 | 9.0% | 22.0% | ||
| Q4 24 | 2.9% | 21.4% | ||
| Q3 24 | -29.5% | 21.9% | ||
| Q2 24 | -15.9% | 19.3% | ||
| Q1 24 | 7.1% | 17.5% |
营业利润率SLNDSTRL
| Q4 25 | -202.4% | 15.9% | ||
| Q3 25 | -5.3% | 18.2% | ||
| Q2 25 | -0.1% | 17.0% | ||
| Q1 25 | 2.1% | 13.0% | ||
| Q4 24 | -3.0% | 12.5% | ||
| Q3 24 | -39.6% | 14.7% | ||
| Q2 24 | -22.1% | 12.5% | ||
| Q1 24 | 2.1% | 9.6% |
净利率SLNDSTRL
| Q4 25 | -208.2% | 11.6% | ||
| Q3 25 | -35.3% | 13.4% | ||
| Q2 25 | -4.8% | 11.6% | ||
| Q1 25 | -1.9% | 9.2% | ||
| Q4 24 | -1.6% | 22.7% | ||
| Q3 24 | -31.6% | 10.3% | ||
| Q2 24 | -18.3% | 8.9% | ||
| Q1 24 | -0.1% | 7.1% |
每股收益（稀释后）SLNDSTRL
| Q4 25 | $-4.01 | $2.82 | ||
| Q3 25 | $-1.39 | $2.97 | ||
| Q2 25 | $-0.19 | $2.31 | ||
| Q1 25 | $-0.08 | $1.28 | ||
| Q4 24 | $-0.08 | $3.63 | ||
| Q3 24 | $-1.14 | $1.97 | ||
| Q2 24 | $-0.96 | $1.67 | ||
| Q1 24 | $-0.01 | $1.00 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $52.7M | $390.7M |
| 总债务越低越好 | $257.7M | — |
| 股东权益账面价值 | $-140.9M | $1.1B |
| 总资产 | $989.3M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资SLNDSTRL
| Q4 25 | $52.7M | $390.7M | ||
| Q3 25 | $40.5M | $306.4M | ||
| Q2 25 | $46.5M | $699.4M | ||
| Q1 25 | $65.1M | $638.6M | ||
| Q4 24 | $72.2M | $664.2M | ||
| Q3 24 | $91.4M | $648.1M | ||
| Q2 24 | $52.4M | $540.0M | ||
| Q1 24 | $31.2M | $480.4M |
总债务SLNDSTRL
| Q4 25 | $257.7M | — | ||
| Q3 25 | $267.8M | — | ||
| Q2 25 | $278.6M | — | ||
| Q1 25 | $288.1M | — | ||
| Q4 24 | $300.1M | — | ||
| Q3 24 | $318.3M | — | ||
| Q2 24 | $307.8M | — | ||
| Q1 24 | $302.0M | — |
股东权益SLNDSTRL
| Q4 25 | $-140.9M | $1.1B | ||
| Q3 25 | $75.0M | $1.1B | ||
| Q2 25 | $151.1M | $881.7M | ||
| Q1 25 | $159.1M | $805.4M | ||
| Q4 24 | $163.7M | $808.1M | ||
| Q3 24 | $149.1M | $716.5M | ||
| Q2 24 | $203.3M | $670.7M | ||
| Q1 24 | $249.3M | $644.6M |
总资产SLNDSTRL
| Q4 25 | $989.3M | $2.6B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.2B | $1.8B |
负债/权益比SLNDSTRL
| Q4 25 | — | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 2.14× | — | ||
| Q2 24 | 1.51× | — | ||
| Q1 24 | 1.21× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.7M | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $9.3M | $159.7M |
| 自由现金流率自由现金流/营收 | 8.9% | 21.1% |
| 资本支出强度资本支出/营收 | 0.4% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $12.7M | $362.7M |
8季度趋势，按日历期对齐
经营现金流SLNDSTRL
| Q4 25 | $9.7M | $186.1M | ||
| Q3 25 | $5.9M | $83.6M | ||
| Q2 25 | $-5.4M | $85.4M | ||
| Q1 25 | $6.4M | $84.9M | ||
| Q4 24 | $-10.3M | $174.3M | ||
| Q3 24 | $-5.3M | $152.3M | ||
| Q2 24 | $27.4M | $121.0M | ||
| Q1 24 | $-9.9M | $49.6M |
自由现金流SLNDSTRL
| Q4 25 | $9.3M | $159.7M | ||
| Q3 25 | $5.3M | $64.0M | ||
| Q2 25 | $-6.5M | $72.1M | ||
| Q1 25 | $4.6M | $67.0M | ||
| Q4 24 | $-11.5M | $158.6M | ||
| Q3 24 | $-7.3M | $138.3M | ||
| Q2 24 | $26.3M | $92.1M | ||
| Q1 24 | $-13.0M | $27.2M |
自由现金流率SLNDSTRL
| Q4 25 | 8.9% | 21.1% | ||
| Q3 25 | 2.5% | 9.3% | ||
| Q2 25 | -3.0% | 11.7% | ||
| Q1 25 | 1.9% | 15.5% | ||
| Q4 24 | -4.3% | 31.8% | ||
| Q3 24 | -4.2% | 23.3% | ||
| Q2 24 | 10.5% | 15.8% | ||
| Q1 24 | -4.5% | 6.2% |
资本支出强度SLNDSTRL
| Q4 25 | 0.4% | 3.5% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 0.7% | 4.2% | ||
| Q4 24 | 0.5% | 3.1% | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 0.4% | 5.0% | ||
| Q1 24 | 1.1% | 5.1% |
现金转化率SLNDSTRL
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.60× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
SLND
| Civil | $58.4M | 56% |
| Transportation | $45.6M | 44% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
