Sba Communications Corp (SBAC) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Sba Communications reported revenue of $2.82B, up 5.1% from $2.68B the year before. Net income was $1.05B (a 37.4% net margin), or $9.80 per diluted share. Gross margin was 75.5% and operating margin was 47.7%. Operating activities generated $1.29B of cash, leaving $1.07B of free cash flow. At fiscal year end, Sba Communications held $11.58B in total assets against $16.43B in total liabilities, including $264.6M of cash and equivalents.
Open the full interactive Sba Communications financials → Quarterly statements, key ratios, valuation history and price charts.
Sba Communications Key Stats
| Share Price | $181.83 |
|---|---|
| Market Cap | $19.32B |
| P/E Ratio | 18.6 |
| Dividend Yield | 2.61% |
| Revenue YoY Growth | +5.1% |
| 52-Week Range | $158.02 – $220.88 |
| Shares Outstanding | 106.1 million (basic, 2026 Q2) |
Sba Communications Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.08B | $2.31B | $2.63B | $2.71B | $2.68B | $2.82B |
| Cost of Goods Sold | $102.8M | $159.1M | $223.0M | $139.9M | $118.7M | $199.0M |
| Gross Profit | $1.61B | $1.76B | $1.96B | $2.10B | $2.10B | $2.12B |
| Operating Income | $633.7M | $782.5M | $925.4M | $923.7M | $1.44B | $1.34B |
| Pre-Tax Income | -$17.7M | $252.6M | $525.8M | $548.5M | $772.7M | $1.24B |
| Income Tax | -$41.8M | $14.9M | $66.0M | $51.1M | $24.0M | $187.6M |
| Net Income | $24.1M | $237.6M | $461.4M | $501.8M | $749.5M | $1.05B |
| Diluted EPS | $0.21 | $2.14 | $4.22 | $4.61 | $6.94 | $9.80 |
Sba Communications Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $732.3M | $719.6M | $703.4M | $715.3M |
| Net Income | $236.8M | $370.3M | $184.8M | $198.8M |
| Diluted EPS | $2.20 | $3.44 | $1.74 | $1.87 |
Sba Communications Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $308.6M | $367.3M | $143.7M | $208.5M | $189.8M | $264.6M |
| Current Assets | $473.0M | $614.4M | $482.7M | $484.3M | $1.98B | $773.4M |
| Total Assets | $9.16B | $9.80B | $10.59B | $10.18B | $11.42B | $11.58B |
| Current Liabilities | $614.8M | $616.3M | $696.8M | $1.36B | $1.80B | $2.68B |
| Total Long-Term Debt | $11.10B | $12.30B | $12.87B | $12.32B | $13.59B | $12.90B |
| Total Liabilities | $13.98B | $15.09B | $15.86B | $15.35B | $16.53B | $16.43B |
| Shareholders' Equity | -$4.82B | -$5.28B | -$5.28B | -$5.17B | -$5.11B | -$4.85B |
Sba Communications Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.13B | $1.19B | $1.29B | $1.54B | $1.33B | $1.29B |
| Cash From Investing | -$446.4M | -$1.42B | -$1.39B | -$468.2M | -$809.3M | -$601.8M |
| Cash From Financing | -$469.0M | $339.3M | -$135.5M | -$1.02B | $645.7M | -$1.66B |
| Free Cash Flow | $997.5M | $1.06B | $1.07B | $1.31B | $1.11B | $1.07B |
| Dividends Paid | $207.7M | $253.6M | $306.8M | $370.0M | $424.2M | $479.0M |
Figures from Sba Communications' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sba Communications financials page for every line item.
Sba Communications Company Profile
| Ticker | SBAC |
|---|---|
| Exchange | Nasdaq |
| Industry | Real Estate Investment Trusts |
| Headquarters | Boca Raton, Florida |
| Incorporated in | Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001034054 |
Frequently Asked Questions
What was Sba Communications' revenue in fiscal 2025?
Sba Communications (SBAC) reported revenue of $2.82B for fiscal 2025.
What is Sba Communications' annual revenue history?
Sba Communications' annual revenue by fiscal year: 2020: $2.08B; 2021: $2.31B; 2022: $2.63B; 2023: $2.71B; 2024: $2.68B; 2025: $2.82B.
What was Sba Communications' net income in fiscal 2025?
Sba Communications reported net income of $1.05B for fiscal 2025.
What was Sba Communications' earnings per share (EPS) in fiscal 2025?
Sba Communications' diluted EPS was $9.80 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Sba Communications generate in fiscal 2025?
Sba Communications generated $1.07B of free cash flow in fiscal 2025.
What was Sba Communications' revenue last quarter?
In its most recent reported quarter (2026 Q2), Sba Communications reported revenue of $715.3M.
How much debt does Sba Communications have?
Sba Communications reported $12.90B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sba Communications are outstanding?
Sba Communications reported a weighted average of 106.1 million basic shares outstanding in 2026 Q2.
What is Sba Communications' market cap?
Based on its latest closing price, Sba Communications (SBAC) has a market capitalization of about $19.32B.
When does Sba Communications' fiscal year end?
Sba Communications' fiscal year end, as registered with the SEC, is December 31.
Where is Sba Communications headquartered?
Sba Communications lists its business address in Boca Raton, Florida in its SEC filings.