Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026

SBA Communications (SBAC)

Nasdaq Real Estate Telecom Tower REITs S&P 500
$189.42
-3.66 (-1.90%)
Close of Nov 06, 2026 · end-of-day data
Source: SBA Communications's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.63B$104.50M$125.26M$153.79M$128.67M$204.75M$296.88M$194.65M$152.87M$244.50M
Cost of revenue$420.90M$446.31M$468.80M$493.03M$476.53M$545.48M$668.65M$612.62M$581.73M$690.97M
Gross profit$1.21B$1.28B$1.40B$1.52B$1.61B$1.76B$1.96B$2.10B$2.10B$2.12B
Selling, general & admin$143.35M$130.70M$142.53M$192.72M$194.27M$220.03M$261.85M$267.94M$258.76M$277.61M
Operating income$387.31M$458.50M$544.17M$583.49M$633.69M$782.50M$925.41M$923.66M$1.44B$1.34B
Pre-tax income$87.30M$116.89M$51.68M$186.89M-$17.75M$252.56M$525.84M$548.50M$772.67M$1.24B
Income tax$11.06M$13.24M$4.23M$39.60M-$41.80M$14.94M$66.04M$51.09M$23.99M$187.58M
Net income$76.24M$103.65M$47.45M$146.99M$24.10M$237.62M$461.43M$501.81M$749.54M$1.05B
EBITDA$1.03B$1.10B$1.22B$1.28B$1.36B$1.48B$1.63B$1.64B$1.71B$1.64B
EPS (basic)$0.61$0.86$0.41$1.30$0.22$2.17$4.27$4.64$6.96$9.83
EPS (diluted)$0.61$0.86$0.41$1.28$0.21$2.14$4.22$4.61$6.94$9.80
Diluted shares125.14M121.02M116.52M114.69M113.47M111.18M109.39M108.91M108.08M107.53M
Gross margin74.2%1226.2%1115.2%989.4%1248.7%861.2%661.8%1078.3%1372.4%868.8%
Operating margin23.7%438.8%434.4%379.4%492.5%382.2%311.7%474.5%939.2%549.2%
Net margin4.7%99.2%37.9%95.6%18.7%116.1%155.4%257.8%490.3%430.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$146.11M$68.78M$143.44M$108.31M$308.56M$367.28M$143.71M$208.55M$189.84M$264.57M
Short-term investments$223.00K—$239.00K$500.00K$700.00K$778.00K$1.33M$1.05M$254.53M$6.65M
Receivables$78.34M$90.67M$111.03M$132.12M$74.09M$101.95M$184.37M$182.75M$145.69M$171.26M
Total current assets$324.57M$259.53M$373.85M$334.27M$472.99M$614.45M$482.73M$484.27M$1.98B$773.43M
Total assets$7.36B$7.32B$7.21B$9.76B$9.16B$9.80B$10.59B$10.18B$11.42B$11.58B
Total current liabilities$873.45M$278.90M$1.21B$1.05B$614.80M$616.33M$696.76M$1.36B$1.80B$2.68B
Short-term debt$627.16M$20.00M$941.73M$522.09M$24.00M$24.00M$24.00M$643.14M$1.19B$1.94B
Long-term debt$8.15B$9.29B$9.00B$9.81B$11.07B$12.28B$12.84B$11.68B$12.40B$10.96B
Total debt$8.78B$9.31B$9.94B$10.33B$11.10B$12.30B$12.87B$12.32B$13.59B$12.90B
Total liabilities$9.36B$9.92B$10.59B$13.43B$13.98B$15.09B$15.86B$15.35B$16.53B$16.43B
Shareholders' equity-$2.00B-$2.60B-$3.38B-$3.67B-$4.82B-$5.28B-$5.28B-$5.17B-$5.11B-$4.85B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$742.52M$818.47M$850.62M$970.04M$1.13B$1.19B$1.29B$1.54B$1.33B$1.29B
Capital expenditures$139.98M$147.04M$149.81M$154.24M$128.57M$133.69M$214.44M$236.70M$228.15M$224.82M
Free cash flow$602.54M$671.43M$700.81M$815.81M$997.47M$1.06B$1.07B$1.31B$1.11B$1.07B
Investing cash flow-$428.24M-$605.11M-$618.35M-$947.16M-$446.37M-$1.42B-$1.39B-$468.25M-$809.31M-$601.83M
Financing cash flow-$288.56M-$294.57M-$148.54M-$62.31M-$469.02M$339.26M-$135.47M-$1.02B$645.74M-$1.66B
Dividends paid———$83.39M$207.69M$253.58M$306.77M$369.96M$424.19M$479.01M
Share buybacks$545.69M$854.53M$795.58M$466.98M$859.34M$582.58M$431.67M$100.01M$200.02M$497.81M
Stock-based compensation$32.91M$38.25M$42.33M$73.21M$68.89M$84.40M$99.91M$87.92M$74.37M$75.73M
Depreciation & amortization$638.19M$643.10M$672.11M$697.08M$721.97M$700.16M$707.58M$716.31M$269.52M$292.29M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.