SBAC · Sba Communications Corp
$186.29
+11.36 (+6.49%)
At close · Jul 29
Market Cap
$19.76B
Shares
106.06M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$2.82B
+5.1%
FY2025
Net Income
$1.05B
+40.6%
FY2025
Gross Margin
75.46%
-2.8pp
FY2025
Operating Margin
47.7%
-5.9pp
FY2025
Diluted EPS
$9.80
+41.2%
FY2025
Operating Cash Flow
$1.29B
-3.3%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.85B | $2.82B | $2.68B | $2.71B | $2.63BG | $2.31B | $2.08BG | $2.01B | $1.87B | $1.73B | $1.63B | $1.64B | $1.53B | $1.3B | $954.08M | $698.17M | $626.62M | |
| $2.61B | $2.57B | $2.53B | $2.52B | $2.34B | $2.1B | $1.95B | $1.86B | $1.74B | $1.62B | $1.54B | $1.48B | $1.36B | $1.13B | $846.09M | $616.29M | $535.44M | |
| $708.64M | $690.97M | $581.73M | $612.62M | $668.65M | $545.48M | $476.53M | $493.03M | $468.8M | $446.31M | $420.9M | $444.4M | $428.49M | $408.25M | $187K | $187K | — | |
| $121.93M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $119.14M | |
| $2.15B | $2.12B | $2.1B | $2.1B | $1.96B | $1.76B | $1.61B | $1.52B | $1.4B | $1.28B | $1.21B | $1.19B | $1.1B | — | — | — | — | |
| — | 75.46% | 78.29% | 77.41% | 74.61% | 76.37% | 77.12% | 75.53% | 74.87% | 74.17% | 74.23% | 72.88% | 71.94% | — | — | — | — | |
| $281.94M | $277.61M | $258.76M | $267.94M | $261.85M | $220.03M | $194.27M | $192.72M | $142.53M | $130.7M | $143.35M | $114.95M | $103.32M | $85.48M | $72.15M | $62.83M | $58.21M | |
| $121.8M | $115.1M | $107.1M | $397M | $406M | $411.9M | $434.4M | $415.2M | $402.6M | $384.1M | $369.9M | $363.1M | $338.4M | $266.6M | $188.7M | — | — | |
| $308.55M | $292.29M | $269.52M | $716.31M | $707.58M | $700.16M | $721.97M | $697.08M | $672.11M | $643.1M | $638.19M | $660.02M | $627.07M | $533.33M | $408.47M | $309.15M | $278.73M | |
| $1.5B | $1.47B | $1.24B | $1.79B | $1.71B | $1.53B | $1.45B | $1.43B | $1.32B | $1.27B | $1.25B | $1.33B | $1.19B | $1.08B | $806.94M | $587.51M | $552.35M | |
| $1.35B | $1.34B | $1.44B | $923.66M | $925.41M | $782.5M | $633.69M | $583.49M | $544.17M | $458.5M | $387.31M | $312.46M | $336.52M | $229.65M | $147.15M | $110.66M | $74.27M | |
| — | 47.7% | 53.58% | 34.06% | 35.14% | 33.89% | 30.42% | 28.96% | 29.17% | 26.54% | 23.72% | 19.07% | 22.04% | 17.6% | 15.42% | 15.85% | 11.85% | |
| $1.66B | $1.64B | $1.71B | $1.64B | $1.63B | $1.48B | $1.36B | $1.28B | $1.22B | $1.1B | $1.03B | $972.48M | $963.6M | $762.98M | $555.61M | $419.81M | $353M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $196.24M | $160.9M | $149.92M | |
| $26.1M | $31.68M | $41.96M | $18.31M | $10.13M | $3.45M | $2.98M | $5.5M | $6.73M | $11.34M | $10.93M | $3.89M | $677K | $1.79M | $1.13M | $136K | $432K | |
| -$132.6M | -$100.75M | -$663.1M | -$375.16M | -$399.57M | -$529.93M | -$651.44M | -$396.6M | -$492.48M | -$341.61M | -$300.01M | -$479.05M | -$352.18M | -$286.86M | -$324.24M | -$235.44M | -$267.69M | |
| $1.22B | $1.24B | $772.67M | $548.5M | $525.84M | $252.56M | -$17.75M | $186.89M | $51.68M | $116.89M | $87.3M | -$166.6M | -$15.66M | -$57.22M | -$177.09M | -$124.78M | -$193.42M | |
| $196.68M | $187.58M | $23.99M | $51.09M | $66.04M | $14.94M | -$41.8M | $39.61M | $4.23M | $13.24M | $11.07M | $9.06M | $8.64M | -$1.31M | $6.59M | $2.11M | $1.01M | |
| $1.02B | $1.05B | $749.54M | $501.81M | $461.43M | $237.62M | $24.1M | $146.99M | $47.45M | $103.65M | $76.24M | -$175.66M | -$24.3M | -$55.91M | -$181.04M | -$126.46M | -$194.67M | |
| — | 37.43% | 27.97% | 18.51% | 17.52% | 10.29% | 1.16% | 7.3% | 2.54% | 6% | 4.67% | -10.72% | -1.59% | -4.28% | -18.97% | -18.11% | -31.07% | |
| $3.72M | $824K | -$859K | -$4.4M | -$1.63M | -$57K | -$57K | $293K | — | — | — | — | -$353K | -$353K | -$353K | -$436K | $253K | |
| $1.12B | $1.15B | $604.45M | $477.12M | $633.23M | $282.9M | -$214.71M | $89.67M | -$84.99M | $94.38M | $208.1M | -$495.22M | -$173.1M | -$92.38M | -$179.08M | -$128.62M | — | |
| USD/shares | — | $9.83 | $6.96 | $4.64 | $4.27 | $2.17 | $0.22 | $1.30 | $0.41 | $0.86 | $0.61 | $0.25 | -$0.15 | -$0.15 | — | — | — |
| USD/shares | — | $9.80 | $6.94 | $4.61 | $4.22 | $2.14 | $0.21 | $1.28 | $0.41 | $0.86 | $0.61 | $0.24 | -$0.15 | -$0.15 | — | — | — |
| shares | — | 107.21M | 107.64M | 108.2M | 107.96M | 109.33M | 111.53M | 112.81M | 114.91M | 119.86M | 124.45M | 127.79M | 128.92M | 127.77M | — | — | — |
| shares | — | 107.53M | 108.08M | 108.91M | 109.39M | 111.18M | 113.47M | 114.69M | 116.52M | 121.02M | 125.14M | 127.79M | 128.92M | 127.77M | — | — | — |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $6.57B in buybacks, $2.12B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
10.91×
Peer median 10.91×
EV/EBIT
23.05×
Peer median 28.57×
P/E (TTM)
18.41×
Peer median 30.34×
Peer medians compare against the 14 similar-size REIT - Specialty companies (of 19 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Domestic Site Leasing Revenue | $1,865,602,000 | $1,861,424,000 | $1,846,554,000 | $1,777,593,000 | $1,681,372,000 | $1,558,311,000 | $1,487,108,000 | $1,400,095,000 |
| International Site Leasing Revenue | $705,039,000 | $665,341,000 | $670,381,000 | $558,982,000 | $422,715,000 | $396,161,000 | $373,750,000 | $340,339,000 |
| Site Development Construction | $244,498,000 | $152,869,000 | $194,649,000 | $296,879,000 | $204,747,000 | $128,666,000 | $153,787,000 | $125,261,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Brazil | $350,800,000 | $379,800,000 | $392,000,000 | $299,500,000 | $233,500,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Domestic Site Leasing Revenue | $1,166,017,000 | $1,249,857,000 | $849,607,000 | $874,593,000 | $758,481,000 | $620,132,000 | $569,135,000 | $525,137,000 |
| International Site Leasing Revenue | $219,441,000 | $225,358,000 | $111,854,000 | $82,165,000 | $54,177,000 | $52,617,000 | $48,424,000 | $41,897,000 |
| Site Development Construction | $28,681,000 | $16,596,000 | $29,322,000 | $48,482,000 | $22,723,000 | $5,897,000 | $10,839,000 | $9,646,000 |
| All Other Segments | -$71,353,000 | -$56,048,000 | -$67,124,000 | -$79,832,000 | -$52,886,000 | — | — | — |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Domestic Site Leasing Revenue | 62.5% | 67.1% | 46% | 49.2% | 45.1% | 39.8% | 38.3% | 37.5% |
| International Site Leasing Revenue | 31.1% | 33.9% | 16.7% | 14.7% | 12.8% | 13.3% | 13% | 12.3% |
| Site Development Construction | 11.7% | 10.9% | 15.1% | 16.3% | 11.1% | 4.6% | 7% | 7.7% |
Key facts
CIK
1034054
CUSIP
78410G104
13F (30d)
207 filings
180 filers
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