SBA Communications Corporation (SBAC) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI

SBA Communications Corporation (SBAC) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI | MarketCI

SBAC

Market Closed

SBA Communications Corporation

NASDAQReal Estate REIT - Specialty

1.72K employees

CEO: Brendan Thomas Cavanagh

Founded: 1999

$186.87

+$0.00(+NaN%)

Market Cap

19.82B

Beta

0.98

52W Range

N/A

Dividend Yield

2.53%

Overview Forecasts Fundamental Market Sentiment Valuation Ownership

Financial Statements

Comprehensive breakdown of financial statements and performance metrics

Gross Margin

41.6%

-43.5%

CAGR: -9.4%

Profit after direct costs

Operating Margin

48.7%

-4.6%

CAGR: 15.0%

Core business profitability

Net Margin

37.4%

40.6%

CAGR: 45.1%

Bottom line profitability

Revenue Growth

5.1%

YoY

CAGR: 5.1%

Top line growth rate

Revenue Flow Analysis

Visual flow showing how SBAC allocates revenue across expenses and profit

Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin

41.6%

$1.17B

Operating Margin

48.7%

$1.37B

Net Margin

37.4%

$1.05B

Detailed Income Statement

Complete profit and loss breakdown with margin analysis and historical comparison

Item	2021	2022	2023	2024	2025	YoY Change
Total Revenue	2.31B	2.63B	2.71B	2.68B	2.82B	5.1%
Cost of Revenue	(573.11M)	(695.46M)	(634.29M)	(607.67M)	(1.64B)	170.5%
Gross Profit	1.74B	1.94B	2.08B	2.07B	1.17B	-43.5%
Operating Expenses
Research & Development	—	—	—	—	—	—
Selling, General & Administrative	(220.03M)	(261.85M)	(267.14M)	(259.46M)	(277.61M)	7.0%
Depreciation & Amortization	(700.16M)	(707.58M)	(716.31M)	(269.52M)	(476.45M)	76.8%
Operating Income (EBIT)	782.50M	925.41M	923.66M	1.44B	1.37B	-4.6%
Non-Operating Items
Interest Income	3.45M	10.13M	18.30M	41.96M	31.68M	-24.5%
Interest Expense	—	—	—	—	(467.91M)	—
Other Income/Expenses (Net)	-529.93M	-399.56M	-375.16M	-663.10M	-128.07M	-80.7%
Income Before Tax	252.56M	525.84M	548.50M	772.67M	1.24B	60.7%
Income Tax Expense	(14.94M)	(66.04M)	(51.09M)	(23.99M)	(187.58M)	682.0%
Net Income	237.62M	461.43M	501.81M	749.54M	1.05B	40.6%
Per Share Metrics
Earnings Per Share (Basic)	$2	$4	$5	$7	$10	41.2%
Weighted Avg Shares Outstanding	111.04M	109.34M	108.85M	108.00M	107.21M	-0.7%
Weighted Avg Shares Outstanding (Diluted)	111.18M	109.39M	108.91M	108.08M	107.53M	-0.5%
EBITDA	1.51B	1.68B	1.79B	1.79B	2.19B	21.8%

Explore SBAC

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

SBAC in the Real Estate

Large Cap

Real Estate

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REIT - Specialty

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