SBA Communications Corporation (SBAC)
NASDAQ: SBAC · Real-Time Price · USD
174.15
-8.13 (-4.46%)
At close: Mar 20, 2026, 4:00 PM EDT
175.80
+1.65 (0.95%)
After-hours: Mar 20, 2026, 7:59 PM EDT
SBA Communications Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Property Revenue | 666.22 | 656.43 | 631.79 | 616.21 | 646.34 | 625.7 | 626.46 | 628.28 | 636.08 | 637.44 | 626.14 | 617.27 | 609.61 | 587.3 | 580.23 | 559.43 | 539.27 | 535.49 | 524.1 | 505.1 |
Service and Other Revenue | 53.37 | 75.9 | 67.19 | 48.04 | 47.37 | 41.9 | 34.02 | 29.59 | 38.94 | 45.1 | 52.36 | 58.25 | 76.49 | 88.28 | 71.77 | 60.34 | 55.87 | 53.81 | 51.43 | 43.64 |
| 719.58 | 732.33 | 698.98 | 664.25 | 693.7 | 667.6 | 660.48 | 657.86 | 675.02 | 682.54 | 678.5 | 675.52 | 686.09 | 675.58 | 652.01 | 619.77 | 595.14 | 589.31 | 575.53 | 548.74 | |
Revenue Growth (YoY) | 3.73% | 9.70% | 5.83% | 0.97% | 2.77% | -2.19% | -2.66% | -2.61% | -1.61% | 1.03% | 4.06% | 9.00% | 15.28% | 14.64% | 13.29% | 12.94% | 11.05% | 12.69% | 13.47% | 6.13% |
Property Expenses | 130.67 | 127.28 | 118.57 | 115.48 | 116.1 | 117.95 | 114.13 | 114.81 | 119.28 | 118.28 | 115.01 | 120.12 | 115 | 112.01 | 111.52 | 107.16 | 96.88 | 98.67 | 95.35 | 95.37 |
Service and Other Expenses | 44.75 | 62.51 | 53.53 | 38.19 | 36.03 | 32.39 | 27.14 | 23.18 | 25.02 | 31.49 | 39.24 | 44.19 | 57.16 | 65.54 | 54.5 | 45.77 | 42.92 | 41.36 | 40.41 | 34.41 |
Total Property Expenses | 175.42 | 189.79 | 172.1 | 153.67 | 152.13 | 150.34 | 141.27 | 137.99 | 144.3 | 149.77 | 154.25 | 164.3 | 172.16 | 177.55 | 166.01 | 152.93 | 139.8 | 140.02 | 135.76 | 129.77 |
Gross Profit | 544.16 | 542.54 | 526.89 | 510.58 | 541.57 | 517.26 | 519.21 | 519.87 | 530.73 | 532.77 | 524.25 | 511.21 | 513.94 | 498.03 | 485.99 | 466.84 | 455.34 | 449.28 | 439.77 | 418.97 |
Selling, General & Admin | 74.36 | 66.01 | 71.02 | 66.22 | 67.6 | 60.09 | 62.38 | 68.7 | 67.52 | 64.82 | 63.38 | 72.21 | 70.61 | 65.84 | 63.27 | 62.12 | 63.48 | 51 | 53.95 | 51.6 |
Depreciation & Amortization Expenses | 80.39 | 76.88 | 69.96 | 65.05 | 65.07 | 63.52 | 64.18 | 76.75 | 171.4 | 180.67 | 181.82 | 182.42 | 183.04 | 173.83 | 176.39 | 174.32 | 169.9 | 170.92 | 175.47 | 183.88 |
Other Operating Expenses | 90.49 | 25.48 | 51.12 | 44.41 | 26.56 | 18.06 | 38.18 | 51.07 | 82.12 | 38.68 | 37.82 | 32.45 | 25.63 | 15.38 | 15.35 | 13.62 | 24.58 | 15.59 | 10.59 | 9.9 |
Operating Income | 298.93 | 374.17 | 334.78 | 334.91 | 382.34 | 375.6 | 354.47 | 323.36 | 209.69 | 248.6 | 241.23 | 224.14 | 234.66 | 242.99 | 230.98 | 216.78 | 197.38 | 211.78 | 199.76 | 173.58 |
Interest Income | 7.22 | 5.52 | 8.16 | 10.78 | 20.6 | 7 | 7.05 | 7.31 | 5.54 | 5.27 | 4.68 | 2.82 | 3.26 | 2.86 | 1.52 | 2.5 | 1.32 | 0.95 | 0.55 | 0.63 |
Interest Expense | -128.2 | -126.2 | -126.31 | -117.93 | -120.95 | -108.09 | -109.54 | -110.12 | -109.9 | -112.32 | -113.85 | -120.45 | -116.86 | -103.44 | -100.77 | -98.66 | -99.63 | -105.95 | -107.22 | -106.79 |
Other Non-Operating Income (Expense) | 254.33 | 35.6 | 44.12 | 32.17 | -126.12 | 23.7 | -104.86 | -49.08 | 33.09 | -48.33 | 40.73 | 37.56 | 7.77 | -39.76 | -66.14 | 108.16 | -50.72 | -69.8 | 106.83 | -100.09 |
Total Non-Operating Income (Expense) | 133.35 | -85.09 | -74.03 | -74.99 | -226.47 | -77.39 | -207.36 | -151.89 | -71.26 | -155.38 | -68.44 | -80.08 | -105.84 | -140.34 | -165.39 | 12 | -149.03 | -174.81 | 0.16 | -206.25 |
Pretax Income | 432.28 | 289.08 | 260.75 | 259.93 | 155.87 | 298.21 | 147.12 | 171.47 | 138.42 | 93.22 | 172.79 | 144.06 | 128.83 | 102.65 | 65.59 | 228.78 | 48.35 | 36.96 | 199.92 | -32.67 |
Provision for Income Taxes | 61.85 | 48.65 | 35.06 | 42.02 | -22.92 | 42.32 | -12.34 | 16.93 | 28.9 | 7.86 | -29.18 | 43.51 | 26.25 | 2.88 | -3.56 | 40.48 | -0.55 | -10.83 | 47.25 | -20.92 |
Net Income | 370.29 | 236.82 | 225.79 | 220.73 | 173.63 | 258.53 | 162.83 | 154.54 | 109.53 | 87.42 | 203.65 | 101.22 | 103.28 | 100.01 | 69.52 | 188.62 | 48.9 | 47.8 | 152.67 | -11.75 |
Minority Interest in Earnings | 0.14 | 3.62 | -0.1 | -2.83 | 5.16 | -2.64 | -3.38 | - | - | -2.06 | -1.68 | -0.66 | -0.7 | -0.25 | -0.37 | -0.32 | - | - | - | - |
Net Income to Common | 370.29 | 236.82 | 225.79 | 220.73 | 173.63 | 258.53 | 162.83 | 154.54 | 109.53 | 87.42 | 203.65 | 101.22 | 103.28 | 100.01 | 69.52 | 188.62 | 48.9 | 47.8 | 152.67 | -11.75 |
Net Income Growth | 113.26% | -8.40% | 38.67% | 42.83% | 58.53% | 195.74% | -20.04% | 52.69% | 6.05% | -12.59% | 192.95% | -46.34% | 111.19% | 109.23% | -54.47% | - | -53.77% | 111.80% | 569.22% | - |
Shares Outstanding (Basic) | 106 | 107 | 108 | 108 | 108 | 107 | 107 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 108 | 109 | 110 | 109 | 109 |
Shares Outstanding (Diluted) | 107 | 108 | 108 | 108 | 108 | 108 | 108 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 111 | 112 | 111 | 109 |
Shares Change (YoY) | -1.34% | -0.34% | 0.19% | -0.58% | -0.44% | -1.24% | -0.98% | -0.00% | -0.66% | -0.08% | -0.41% | -0.56% | -1.29% | -1.98% | -1.76% | -0.02% | -1.61% | -1.88% | -2.05% | -2.18% |
EPS (Basic) | 3.48 | 2.21 | 2.10 | 2.05 | 1.61 | 2.41 | 1.52 | 1.43 | 1.01 | 0.81 | 1.88 | 0.94 | 0.96 | 0.93 | 0.64 | 1.75 | 0.45 | 0.44 | 1.40 | -0.11 |
EPS (Diluted) | 3.47 | 2.20 | 2.09 | 2.04 | 1.61 | 2.40 | 1.51 | 1.42 | 1.01 | 0.80 | 1.87 | 0.93 | 0.94 | 0.91 | 0.64 | 1.72 | 0.44 | 0.43 | 1.37 | -0.11 |
EPS Growth | 115.53% | -8.33% | 38.41% | 43.66% | 59.41% | 200.00% | -19.25% | 52.69% | 7.45% | -12.09% | 192.19% | -45.93% | 113.64% | 111.63% | -53.29% | - | -53.19% | 115.00% | 585.00% | - |
Free Cash Flow | 241.3 | 257.98 | 312.23 | 255 | 254.62 | 239.9 | 375.62 | 236.58 | 369.89 | 252.29 | 423.49 | 262.03 | 222.54 | 275.09 | 319.15 | 254.47 | 255.28 | 218.02 | 321.95 | 260.96 |
Free Cash Flow Growth | -5.23% | 7.54% | -16.88% | 7.79% | -31.16% | -4.91% | -11.30% | -9.71% | 66.21% | -8.29% | 32.69% | 2.97% | -12.83% | 26.18% | -0.87% | -2.49% | 21.60% | -16.82% | 12.18% | 9.44% |
Free Cash Flow Per Share | 2.26 | 2.40 | - | - | 2.36 | 2.22 | - | - | 3.41 | - | - | - | 2.04 | 2.52 | 2.92 | 2.33 | 2.31 | 1.95 | 2.89 | 2.38 |
Dividends Per Share | 1.110 | 1.110 | 1.110 | 1.110 | 0.980 | 0.980 | 0.980 | 0.980 | 0.850 | 0.850 | 0.850 | 0.850 | 0.710 | 0.710 | 0.710 | 0.710 | 0.580 | 0.580 | 0.580 | 0.580 |
Dividend Growth | 13.26% | 13.26% | 13.26% | 13.26% | 15.29% | 15.29% | 15.29% | 15.29% | 19.72% | 19.72% | 19.72% | 19.72% | 22.41% | 22.41% | 22.41% | 22.41% | - | 24.73% | 24.73% | 24.73% |
Gross Margin | 75.62% | 74.08% | 75.38% | 76.87% | 78.07% | 77.48% | 78.61% | 79.02% | 78.62% | 78.06% | 77.27% | 75.68% | 74.91% | 73.72% | 74.54% | 75.33% | 76.51% | 76.24% | 76.41% | 76.35% |
Operating Margin | 41.54% | 51.09% | 47.90% | 50.42% | 55.12% | 56.26% | 53.67% | 49.15% | 31.06% | 36.42% | 35.55% | 33.18% | 34.20% | 35.97% | 35.43% | 34.98% | 33.17% | 35.94% | 34.71% | 31.63% |
Profit Margin | 51.48% | 32.83% | 32.29% | 32.80% | 25.77% | 38.33% | 24.14% | 23.49% | 16.23% | 12.51% | 29.77% | 14.89% | 14.95% | 14.77% | 10.61% | 30.38% | 8.22% | 8.11% | 26.53% | -2.14% |
FCF Margin | 33.53% | 35.23% | 44.67% | 38.39% | 36.70% | 35.93% | 56.87% | 35.96% | 54.80% | 36.96% | 62.41% | 38.79% | 32.44% | 40.72% | 48.95% | 41.06% | 42.89% | 37.00% | 55.94% | 47.56% |
EBITDA | 379.32 | 451.05 | 404.75 | 399.96 | 447.41 | 439.11 | 418.65 | 400.11 | 381.09 | 429.28 | 423.05 | 406.56 | 417.7 | 416.81 | 407.37 | 391.1 | 367.27 | 382.69 | 375.23 | 357.46 |
EBITDA Margin | 52.71% | 61.59% | 57.91% | 60.21% | 64.50% | 65.78% | 63.39% | 60.82% | 56.46% | 62.89% | 62.35% | 60.18% | 60.88% | 61.70% | 62.48% | 63.10% | 61.71% | 64.94% | 65.20% | 65.14% |
EBIT | 298.93 | 374.17 | 334.78 | 334.91 | 382.34 | 375.6 | 354.47 | 323.36 | 209.69 | 248.6 | 241.23 | 224.14 | 234.66 | 242.99 | 230.98 | 216.78 | 197.38 | 211.78 | 199.76 | 173.58 |
EBIT Margin | 41.54% | 51.09% | 47.90% | 50.42% | 55.12% | 56.26% | 53.67% | 49.15% | 31.06% | 36.42% | 35.55% | 33.18% | 34.20% | 35.97% | 35.43% | 34.98% | 33.17% | 35.94% | 34.71% | 31.63% |
Effective Tax Rate | 14.31% | 16.83% | 13.45% | 16.17% | -14.70% | 14.19% | -8.39% | 9.87% | 20.87% | 8.43% | -16.89% | 30.20% | 20.37% | 2.81% | -5.43% | 17.69% | -1.15% | -29.31% | 23.63% | 64.05% |
Updated Feb 26, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.