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SBA Communications Corp (SBAC)

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SEC name SBA COMMUNICATIONS CORP · CIK 0001034054 · Nasdaq · Real Estate Investment Trusts

  • Sector Finance & Real Estate
  • Incorporated FL
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, SBA Communications Corp reported revenue of $2.82B. Revenue grew 5.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.87B.

Key ratios (year ended 2025-12-31)

75.5%
Gross margin
47.7%
Operating margin
37.4%
Net margin
5.1%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-20

Headquarters locality: Boca Raton · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.87B$2.82B$2.68B$2.71B$2.63B$2.31B$2.08B$2.01B$1.87B$1.73B$1.63B
Cost of Revenue$712.55M$690.97M$581.73M$612.62M$668.65M$545.48M$476.53M$493.03M$468.80M$446.31M$420.90M
Gross Profit$2.16B$2.12B$2.10B$2.10B$1.96B$1.76B$1.61B$1.52B$1.40B$1.28B$1.21B
Operating Income$1.37B$1.34B$1.44B$923.66M$925.41M$782.50M$633.69M$583.49M$544.17M$458.50M$387.31M
Depreciation & Amortization$319.96M$292.29M$269.52M$716.31M$707.58M$700.16M$721.97M$697.08M$672.11M$643.10M$638.19M
EBITDA$1.69B$1.64B$1.71B$1.64B$1.63B$1.48B$1.36B$1.28B$1.22B$1.10B$1.03B
Net Income$990.72M$1.05B$749.54M$501.81M$461.43M$237.62M$24.10M$146.99M$47.45M$103.65M$76.24M
EPS (Diluted)n/a$9.80$6.94$4.61$4.22$2.14$0.21$1.28$0.41$0.86$0.61
Total Assets$11.74B$11.58B$11.42B$10.18B$10.59B$9.80B$9.16B$9.76B$7.21B$7.32B$7.36B
Long-Term Debt$12.73B$12.90B$13.59B$12.32B$12.87B$12.30B$11.10B$10.33B$9.94B$9.31B$8.78B
Shareholders' Equity-$4.63B-$4.85B-$5.11B-$5.17B-$5.28B-$5.28B-$4.82B-$3.67B-$3.38B-$2.60B-$2.00B
Cash & Equivalents$327.05M$264.57M$189.84M$208.55M$143.71M$367.28M$308.56M$108.31M$143.44M$68.78M$146.11M
Operating Cash Flow$1.28B$1.29B$1.33B$1.54B$1.29B$1.19B$1.13B$970.04M$850.62M$818.47M$742.52M
Capital Expenditures$233.60M$224.82M$228.15M$236.70M$214.44M$133.69M$128.57M$154.24M$149.81M$147.04M$139.98M
Free Cash Flow$1.05B$1.07B$1.11B$1.31B$1.07B$1.06B$997.47M$815.81M$700.81M$671.43M$602.54M
Share Repurchases$369.35M$497.81M$200.02M$100.01M$431.67M$582.58M$859.34M$466.98M$795.58M$854.53M$545.69M
Dividends Paid$505.22M$479.01M$424.19M$369.96M$306.77M$253.58M$207.69M$83.39Mn/an/an/a
Shares Outstanding106.09M105.67M107.56M108.05M108.00M108.96M109.82M111.78M112.43M116.45Mn/a
Weighted Average Diluted Sharesn/a107.53M108.08M108.91M109.39M111.18M113.47M114.69M116.52M121.02M125.14M
EPS (Basic)n/a$9.83$6.96$4.64$4.27$2.17$0.22$1.30$0.41$0.86$0.61

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