Stocktoria
SBA COMMUNICATIONS CORP SBAC
Nasdaq · XNAS · reit · Real Estate Investment Trusts · website · IPO 1999-06-16
SBA COMMUNICATIONS CORP financials (annual, from 10-K)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.7B | $2.6B | $2.3B | $2.1B | $2.0B | $1.9B | $1.7B | $1.6B |
| Gross profit | $2.1B | $2.1B | $2.1B | $2.0B | $1.8B | $1.6B | $1.5B | $1.4B | $1.3B | $1.2B |
| SG&A expense | $277.6M | $258.8M | $267.9M | $261.9M | $220.0M | $194.3M | $192.7M | $142.5M | $130.7M | $143.3M |
| Operating income | $1.3B | $1.4B | $923.7M | $925.4M | $782.5M | $633.7M | $583.5M | $544.2M | $458.5M | $387.3M |
| Income tax | $187.6M | $24.0M | $51.1M | $66.0M | $14.9M | -$41.8M | $39.6M | $4.2M | $13.2M | $11.1M |
| Net income | $1.1B | $749.5M | $501.8M | $461.4M | $237.6M | $24.1M | $147.0M | $47.5M | $103.7M | $76.2M |
| EPS (diluted) | $9.80 | $6.94 | $4.61 | $4.22 | $2.14 | $0.21 | $1.28 | $0.41 | $0.86 | $0.61 |
| Operating cash flow | $1.3B | $1.3B | $1.5B | $1.3B | $1.2B | $1.1B | $970.0M | $850.6M | $818.5M | $742.5M |
| Free cash flow | $1.1B | $1.1B | $1.3B | $1.1B | $1.1B | $997.5M | $815.8M | $700.8M | $671.4M | $602.5M |
| Cash & equivalents | $264.6M | $189.8M | $208.5M | $143.7M | $367.3M | $308.6M | $108.3M | $143.4M | $68.8M | $146.1M |
| Total assets | $11.6B | $11.4B | $10.2B | $10.6B | $9.8B | $9.2B | $9.8B | $7.2B | $7.3B | $7.4B |
| Shareholders' equity | -$4.9B | -$5.1B | -$5.2B | -$5.3B | -$5.3B | -$4.8B | -$3.7B | -$3.4B | -$2.6B | -$2.0B |
Growth · year-over-year · Revenue CAGR 6.2%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +5.1% | -1.2% | +3.0% | +14.1% | +10.8% | +3.4% | +8.0% | +8.0% | +5.8% | -0.3% |
| Net income growth | +40.6% | +49.4% | +8.8% | +94.2% | +885.8% | -83.6% | +209.8% | -54.2% | +36.0% | — |
| EPS growth | +41.2% | +50.5% | +9.2% | +97.2% | +919.0% | -83.6% | +212.2% | -52.3% | +41.0% | — |
| Free cash flow growth | -3.6% | -15.4% | +22.1% | +1.4% | +5.9% | +22.3% | +16.4% | +4.4% | +11.4% | +17.2% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Source: SEC EDGAR filings · CIK 0001034054 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.