SBA Communications Corporation (SBAC)
NASDAQ: SBAC · Real-Time Price · USD
181.97
+0.92 (0.51%)
Aug 11, 2026, 4:00 PM EDT - Market closed

SBA Communications Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,8712,8152,6802,7122,6332,309
Revenue Growth
5.36%5.06%-1.18%2.97%14.06%10.83%
Gross Profit
2,1582,1242,0982,0991,9651,763
Operating Income
1,3681,3431,436923.66925.41782.5
Net Income
990.711,054749.54501.81461.43237.62
Earnings Per Share
9.289.806.944.614.222.14
EPS Growth
14.01%41.21%50.54%9.24%97.20%919.05%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Domestic Site Leasing
1,8381,8661,8611,8471,7781,681
International Site Leasing
805.13705.04665.34670.38558.98422.72
Site Development
227.94244.5152.87194.65296.88204.75
Revenue (Total)
2,8712,8152,6802,7122,6332,309

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
327.05264.57189.84208.55143.71367.28
Total Debt
15,20915,31915,75614,46315,17114,523
Net Cash (Debt)
-14,882-15,055-15,566-14,255-15,027-14,155
Net Cash Growth
------
Net Cash Per Share
-139.55-140.00-144.03-130.89-137.38-127.32

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,2841,2911,3351,5441,2861,190
Capital Expenditures
-233.6-224.82-228.15-236.7-214.44-133.69
Free Cash Flow
1,0511,0671,1071,3081,0711,056
Free Cash Flow Growth
-1.04%-3.63%-15.37%22.07%1.43%5.89%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
75.18%75.46%78.29%77.41%74.61%76.37%
Operating Margin
47.65%47.70%53.58%34.06%35.14%33.89%
Pretax Margin
41.45%44.12%28.83%20.23%19.97%10.94%
Profit Margin
34.56%37.46%27.94%18.34%17.46%10.29%
FCF Margin
36.60%37.88%41.30%48.23%40.68%45.75%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
5.0004.4403.9203.4002.8402.320
Dividend Per Share Growth
12.76%13.26%15.29%19.72%22.41%17.47%
Dividend Yield
2.75%2.31%1.93%1.35%1.01%0.60%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.6019.7429.3755.0366.42181.79
P/FCF Ratio
18.3719.1619.8120.9628.2640.13
PS Ratio
6.727.268.1810.1111.5018.36