SBA Communications Corporation (SBAC)

SBA Communications Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2,515	2,527	2,517	2,337	2,104	1,954
Other Revenue	171.32	152.87	194.65	296.88	204.75	128.67
Total Revenue	2,686	2,680	2,712	2,633	2,309	2,083
Revenue Growth (YoY	-0.29%	-1.18%	2.97%	14.06%	10.83%	3.40%
Property Expenses	623.31	607.67	634.29	695.46	573.11	493.11
Selling, General & Administrative	257.06	259.46	267.14	261.85	220.03	194.27
Depreciation & Amortization	257.82	269.52	716.31	707.58	700.16	721.97
Other Operating Expenses	16.85	17.93	18.71	0.33	1.88	1.09
Total Operating Expenses	1,155	1,155	1,636	1,665	1,495	1,410
Operating Income	1,531	1,525	1,075	968.24	813.66	672.7
Interest Expense	-456.51	-448.7	-456.51	-419.73	-419.59	-412.8
Interest & Investment Income	45.43	41.96	18.31	10.13	3.45	2.98
Currency Exchange Gain (Loss)	-139.6	-236.5	81.2	-	-	-
Other Non-Operating Income	-15.2	-13.92	-10.55	10.47	-74.28	-222.16
EBT Excluding Unusual Items	965.11	867.91	707.58	569.11	323.23	40.72
Gain (Loss) on Sale of Assets	-18.8	-	-7.6	-	-	-
Asset Writedown	-83.67	-89.3	-151.48	-42.83	-31.16	-39.01
Other Unusual Items	-1.51	-5.94	-	-0.44	-39.5	-19.46
Pretax Income	861.12	772.67	548.5	525.84	252.56	-17.75
Income Tax Expense	49.08	23.99	51.09	66.04	14.94	-41.8
Earnings From Continuing Operations	812.04	748.68	497.42	459.8	237.62	24.05
Minority Interest in Earnings	3.69	0.86	4.4	1.63	-	0.06
Net Income	815.73	749.54	501.81	461.43	237.62	24.1
Net Income to Common	815.73	749.54	501.81	461.43	237.62	24.1
Net Income Growth	46.94%	49.37%	8.75%	94.19%	885.83%	-83.60%
Basic Shares Outstanding	108	108	108	108	109	112
Diluted Shares Outstanding	108	108	109	109	111	113
Shares Change (YoY)	-0.72%	-0.76%	-0.44%	-1.61%	-2.02%	-1.07%
EPS (Basic)	7.58	6.96	4.64	4.27	2.17	0.22
EPS (Diluted)	7.56	6.94	4.61	4.22	2.14	0.21
EPS Growth	48.26%	50.54%	9.24%	97.20%	919.05%	-83.59%
Dividend Per Share	4.050	3.920	3.400	2.840	2.320	1.975
Dividend Growth	14.73%	15.29%	19.72%	22.41%	17.47%	63.90%
Operating Margin	57.00%	56.91%	39.65%	36.77%	35.24%	32.29%
Profit Margin	30.37%	27.97%	18.51%	17.52%	10.29%	1.16%
EBITDA	1,789	1,795	1,791	1,676	1,514	1,395
EBITDA Margin	66.60%	66.97%	66.07%	63.64%	65.57%	66.95%
D&A For Ebitda	257.82	269.52	716.31	707.58	700.16	721.97
EBIT	1,531	1,525	1,075	968.24	813.66	672.7
EBIT Margin	57.00%	56.91%	39.65%	36.77%	35.24%	32.29%
Effective Tax Rate	5.70%	3.10%	9.31%	12.56%	5.92%	-
Revenue as Reported	2,686	2,680	2,712	2,633	2,309	2,083

Updated Apr 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q