SBA Communications Corporation (SBAC)

SBAC Financials

SBAC Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	1.816B	532.102M	220.210M	542.538M	520.998M	503.203M	535.004M	511.868M	512.635M
Revenue	2.854B	703.438M	719.583M	732.327M	698.981M	664.248M	693.700M	667.595M	660.477M
Cost of Goods Sold	1.038B	171.336M	499.373M	189.789M	177.983M	161.045M	158.696M	155.727M	147.842M
Gross Profit Margin	75.6%	75.6%	30.6%	74.1%	74.5%	75.8%	77.1%	76.7%	77.6%
Total Operating Expenses	456.226M	189.254M	-87.614M	168.369M	186.217M	168.293M	152.665M	136.272M	158.165M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	282.104M	70.548M	74.362M	66.342M	70.852M	66.055M	68.795M	59.287M	62.289M
Operating Income (EBIT)	1.360B	342.848M	307.824M	374.170M	334.781M	334.910M	382.339M	375.596M	354.470M
Operating Margin	48.7%	48.7%	42.8%	51.1%	47.9%	50.4%	55.1%	56.3%	53.7%
Income Before Tax (EBT)	1.218B	236.014M	432.278M	289.083M	260.753M	259.925M	155.874M	298.207M	147.115M
Interest Income	26.103M	5.207M	7.224M	5.517M	8.155M	10.780M	20.603M	6.999M	7.046M
Interest Expense	378.665M	134.560M	123.951M	120.154M	—	—	—	—	—
Other Income/Expense	-141.495M	-106.834M	124.454M	-85.087M	-74.028M	-74.985M	-226.465M	-77.389M	-207.355M
Net Income	1.018B	184.830M	370.290M	236.816M	225.794M	220.732M	173.630M	258.534M	162.830M
Income Tax Expense	196.675M	51.112M	61.852M	48.652M	35.059M	42.019M	-22.917M	42.316M	-12.337M
Net Profit Margin	26.3%	26.3%	51.5%	32.3%	32.3%	33.2%	25.0%	38.7%	24.7%
EBITDA	2.105B	451.890M	718.205M	486.119M	448.678M	432.985M	462.506M	448.729M	444.580M
EBITDA Margin	64.2%	64.2%	99.8%	66.4%	64.2%	65.2%	66.7%	67.2%	67.3%
Depreciation & Amortization	390.138M	81.316M	161.976M	76.882M	69.964M	65.048M	65.073M	63.515M	64.179M
EPS Basic	9.54	1.75	3.48	2.21	2.10	2.05	1.61	2.41	1.52
EPS Diluted	9.51	1.74	3.47	2.21	2.09	2.04	1.61	2.40	1.51
Shares Outstanding	105.815M	105.815M	106.310M	107.509M	108.035M	108.202M	107.843M	107.722M	107.834M
Diluted Shares Outstanding	106.111M	106.111M	106.651M	107.831M	107.797M	108.140M	108.105M	107.922M	107.679M

SBAC Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	1.171B	2.072B	2.077B	1.938B	1.736B	1.590B	1.506B	1.386B
Revenue	2.815B	2.680B	2.712B	2.633B	2.309B	2.083B	2.015B	1.866B
Cost of Goods Sold	1.644B	607.673M	634.293M	695.457M	573.105M	493.110M	508.259M	479.756M
Gross Profit Margin	41.6%	77.3%	76.6%	73.6%	75.2%	76.3%	74.8%	74.3%
Total Operating Expenses	-198.839M	636.198M	1.154B	1.013B	953.234M	956.334M	922.898M	841.773M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	277.611M	259.456M	267.136M	261.853M	220.029M	194.267M	192.717M	142.526M
Operating Income (EBIT)	1.370B	1.436B	923.659M	925.408M	782.495M	633.694M	583.488M	544.166M
Operating Margin	48.7%	53.6%	34.1%	35.1%	33.9%	30.4%	29.0%	29.2%
Income Before Tax (EBT)	1.242B	772.666M	548.503M	525.843M	252.564M	-17.749M	186.889M	51.684M
Interest Income	31.676M	41.962M	18.305M	10.133M	3.448M	2.981M	5.500M	6.731M
Interest Expense	467.910M	—	—	—	—	—	—	—
Other Income/Expense	-128.068M	-663.097M	-375.156M	-399.565M	-529.931M	-651.443M	-396.599M	-492.482M
Net Income	1.054B	749.536M	501.812M	461.429M	237.624M	24.104M	146.991M	47.451M
Income Tax Expense	187.582M	23.989M	51.088M	66.044M	14.940M	-41.796M	39.605M	4.233M
Net Profit Margin	37.4%	28.0%	18.5%	17.5%	10.3%	1.2%	7.3%	2.5%
EBITDA	2.186B	1.795B	1.791B	1.676B	1.514B	1.395B	1.311B	1.241B
EBITDA Margin	77.7%	67.0%	66.1%	63.6%	65.6%	67.0%	65.0%	66.5%
Depreciation & Amortization	476.450M	269.517M	716.309M	707.576M	700.161M	721.970M	697.078M	672.113M
EPS Basic	9.83	6.96	4.64	4.27	2.17	0.22	1.30	0.41
EPS Diluted	9.80	6.94	4.61	4.22	2.14	0.21	1.28	0.41
Shares Outstanding	107.207M	108.002M	108.853M	109.343M	111.039M	114.781M	114.837M	115.734M
Diluted Shares Outstanding	107.533M	108.080M	108.907M	109.386M	111.177M	113.465M	114.693M	116.515M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About SBA Communications Corporation

SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central activity revolves around renting out capacity on its shared communication towers to various wireless service providers through long-term contractual agreements. For further details, please visit www.sbasite.com.

Boca Raton, FL

1,720 employees

www.sbasite.com

Real Estate / REIT - Specialty

Sector: Real Estate
Industry: REIT - Specialty
CEO: Brendan Thomas Cavanagh

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