SBA Communications Corp (SBAC) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equ...
SBA Communications Corp's revenue increased 5.1% year over year, from $2.68B to $2.82B.
Net income increased 40.6% over the same period, from $749.5M to $1.05B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 72% in total.
Total debt decreased by 11.6% to $10.96B.
Operating cash flow declined 3.3% to $1.29B.
SBA Communications Corp maintains a strong net profit margin of 37.4%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $667.6M+1.1% | $258.5M | $635.2M | $375.6M | $304.7M | $10.20B | $12.30B | $-5.17B |
| Q4 FY2024 | $693.7M+3.9% | $173.6M | $657.7M | $382.3M | $310.2M | $11.42B | $12.40B | $-5.11B |
| Q1 FY2025 | $664.2M-4.2% | $220.7M | $626.1M | $334.9M | $301.2M | $10.44B | $11.65B | $-4.97B |
| Q2 FY2025 | $699.0M+5.2% | $225.8M | $645.5M | $334.8M | $368.1M | $10.77B | $11.74B | $-4.94B |
| Q3 FY2025 | $732.3M+4.8% | $236.8M | $669.8M | $374.2M | $318.0M | $11.26B | $11.93B | $-4.93B |
| Q4 FY2025 | $719.6M-1.7% | $370.3M | $674.8M | $298.9M | $304.0M | $11.58B | $10.96B | $-4.85B |
| Q1 FY2026 | $703.4M-2.2% | $184.8M | $664.0M | $342.8M | $255.1M | $11.72B | $15.42B | $-4.67B |
| Q2 FY2026 | $715.3M+1.7% | $198.8M | $673.3M | $351.9M | $407.2M | $11.74B | $15.21B | $-4.54B |
Balance Sheet Summary (Q2 FY2026)
SBA Communications Corp (SBAC) Financial Statements & Revenue History
SBA Communications Corp (SBAC) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry trading at $187.06 with a market capitalization of $20. This page provides 42 historical financial statements for SBA Communications Corp, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, SBA Communications Corp reported revenue of $2.8 billion, representing 5.1% year-over-year growth. The net profit margin of 37.4% reflects strong profitability..
SBAC Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows SBA Communications Corp's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SBAC is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SBAC's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently SBA Communications Corp converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SBAC's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SBAC Financial Data
Investors use SBA Communications Corp's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SBAC's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SBAC's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SBAC's financial health score, earnings, and pre-market pricing.
Financial data is sourced from SBA Communications Corp's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SBAC trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.