SBA Communications Financial Statements
NASDAQ: SBACReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SBA Communications revenue and earnings
In fiscal 2025, SBA Communications generated $2.82 billion in revenue, up 5.1% from fiscal 2024. Net income was $1.05 billion (+40.6% year over year), for a net margin of 37.4% versus a median of 17.5% in the prior 5 years. Gross margin was 75.5% (down from 78.3%) and operating margin 47.7%.
Diluted earnings per share came in at $9.80, up from $6.94. Over the last 5 fiscal years, SBAC's revenue has grown at a 6.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
SBA Communications income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.82B | 2.68B | 2.71B | 2.63B | 2.31B | 2.08B | 2.01B | 1.87B | 1.73B | 1.63B |
| Revenue growth (YoY) | +5.06% | -1.18% | +2.97% | +14.06% | +10.83% | +3.40% | +7.98% | +7.99% | +5.79% | -0.33% |
| Cost of Revenue | 690.97M | 581.73M | 612.62M | 668.65M | 545.48M | 476.53M | 493.03M | 468.80M | 446.31M | 420.90M |
| Gross Profit | 2.12B | 2.10B | 2.10B | 1.96B | 1.76B | 1.61B | 1.52B | 1.40B | 1.28B | 1.21B |
| Operating Expenses | 781.38M | 662.14M | 1.18B | 1.04B | 980.86M | 972.92M | 938.13M | 852.73M | 822.86M | 824.92M |
| Selling, General & Admin | 277.61M | 258.76M | 267.94M | 261.85M | 220.03M | 194.27M | 192.72M | 142.53M | 130.70M | 143.35M |
| Operating Income | 1.34B | 1.44B | 923.66M | 925.41M | 782.50M | 633.69M | 583.49M | 544.17M | 458.50M | 387.31M |
| Other Income (Expense) | -100.75M | -663.10M | -375.16M | -399.56M | -529.93M | -651.44M | -396.60M | -492.48M | -341.61M | -300.00M |
| Pretax Income | 1.24B | 772.67M | 548.50M | 525.84M | 252.56M | -17.75M | 186.89M | 51.68M | 116.89M | 87.30M |
| Income Tax | 187.58M | 23.99M | 51.09M | 66.04M | 14.94M | -41.80M | 39.60M | 4.23M | 13.24M | 11.06M |
| Net Income | 1.05B | 749.54M | 501.81M | 461.43M | 237.62M | 24.10M | 146.99M | 47.45M | 103.65M | 76.24M |
| Net Income growth (YoY) | +40.57% | +49.37% | +8.75% | +94.18% | +885.83% | -83.60% | +209.77% | -54.22% | +35.96% | — |
| EPS (Basic) | 9.83 | 6.96 | 4.64 | 4.27 | 2.17 | 0.22 | 1.30 | 0.41 | 0.86 | 0.61 |
| EPS (Diluted) | 9.80 | 6.94 | 4.61 | 4.22 | 2.14 | 0.21 | 1.28 | 0.41 | 0.86 | 0.61 |
| Shares Outstanding (Basic) | 107.21M | 107.64M | 108.20M | 107.96M | 109.33M | 111.53M | 112.81M | 114.91M | 119.86M | 124.45M |
| Shares Outstanding (Diluted) | 107.53M | 108.08M | 108.91M | 109.39M | 111.18M | 113.47M | 114.69M | 116.52M | 121.02M | 125.14M |
| EBITDA | 1.64B | 1.71B | 1.64B | 1.63B | 1.48B | 1.36B | 1.28B | 1.22B | 1.10B | 1.03B |
| Gross Margin | 75.46% | 78.29% | 77.41% | 74.61% | 76.37% | 77.12% | 75.53% | 74.87% | 74.17% | 74.23% |
| Operating Margin | 47.70% | 53.58% | 34.06% | 35.14% | 33.89% | 30.42% | 28.96% | 29.17% | 26.54% | 23.72% |
| Net Margin | 37.43% | 27.97% | 18.51% | 17.52% | 10.29% | 116.00% | 7.30% | 2.54% | 6.00% | 4.67% |
This table shows 10 annual periods of SBA Communications's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SBAC's reporting calendar. What is a income statement?