SBAC
SBA Communications Corporation
NASDAQ · Real Estate · REIT - Specialty · US
$188.46
−1.60%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 2.9B | 2.8B | 2.7B | 2.7B | 2.6B |
| Cost of Revenue | 1.0B | 1.6B | 607.7M | 634.3M | 695.5M |
| Gross Profit | 1.8B | 1.2B | 2.1B | 2.1B | 1.9B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 288.8M | 277.6M | 259.5M | 267.1M | 261.9M |
| General & Admin Expense | 70.5M | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 87.2M | (476.4M) | 376.7M | 886.5M | 750.7M |
| Total Operating Expenses | 376.0M | (198.8M) | 636.2M | 1.2B | 1.0B |
| Cost and Expenses | 1.4B | 1.4B | 1.2B | 1.8B | 1.7B |
| Operating Income (EBIT) | 1.5B | 1.4B | 1.4B | 923.7M | 925.4M |
| Non-Operating | |||||
| Interest Income | 23.6M | 31.7M | 42.0M | 18.3M | 10.1M |
| Interest Expense | 506.4M | 467.9M | — | — | — |
| Net Interest Income | (482.8M) | (436.2M) | 42.0M | 18.3M | 10.1M |
| Other Non-Op Income/Expense | (267.7M) | (128.1M) | (663.1M) | (375.2M) | (399.6M) |
| Non-Operating Income (excl Interest) | (238.2M) | (339.8M) | (89.3M) | (151.5M) | (42.8M) |
| EBT (Pre-Tax Income) | 1.2B | 1.2B | 772.7M | 548.5M | 525.8M |
| Income Tax Expense | 125.6M | 187.6M | 24.0M | 51.1M | 66.0M |
| Bottom Line | |||||
| Net Income | 990.7M | 1.1B | 749.5M | 501.8M | 461.4M |
| Earnings from Cont. Ops | 1.1B | 1.1B | 748.7M | 497.4M | 459.8M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 990.7M | 1.1B | 749.5M | 501.8M | 461.4M |
| Per Share | |||||
| Basic EPS | $9.31 | $9.83 | $6.96 | $4.64 | $4.27 |
| Diluted EPS | $9.29 | $9.80 | $6.94 | $4.61 | $4.22 |
| Revenue Per Share | $27.10 | $26.26 | $24.81 | $24.91 | $24.08 |
| Shares | |||||
| Basic Shares Outstanding | 105.9M | 107.2M | 108.0M | 108.9M | 109.3M |
| Diluted Shares Outstanding | 106.2M | 107.5M | 108.1M | 108.9M | 109.4M |
| Profitability Metrics | |||||
| EBITDA | 2.1B | 2.2B | 1.8B | 1.8B | 1.7B |
| D&A | 401.5M | 476.4M | 269.5M | 716.3M | 707.6M |
| EBIT | 1.7B | 1.7B | 1.5B | 1.1B | 968.2M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026