SBACNasdaqReal Estate Investment TrustsFiscal year ends December 31

SBA COMMUNICATIONS CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$183.09−3.97 (-2.12%)

Close on Oct 19, 2026

Market cap: $19.46B
P/E (TTM): 19.7
Dividend yield: –

SBA COMMUNICATIONS CORP income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	2,815	2,680	2,712	2,633	2,309	2,083	2,015	1,866	1,728	1,633	1,638	1,527	1,305	954	698	627	556	475
Cost of Revenue	691	582	613	669	545	477	493	469	446	421	444	428	408	280	203	0.19	0.19	72
Gross Profit	2,124	2,098	2,099	1,965	1,763	1,607	1,522	1,397	1,281	1,212	1,194	1,099	897	675	495	626	555	403
Selling, General & Admin	278	259	268	262	220	194	193	143	131	143	115	103	85	72	63	58	53	49
Total Costs & Expenses	1,472	1,244	1,788	1,708	1,526	1,449	1,431	1,322	1,269	1,246	1,326	1,190	1,075	807	588	552	501	429
Operating Income	1,343	1,436	924	925	782	634	583	544	459	387	312	337	230	147	111	74	55	46
Interest Expense	–	–	–	–	–	–	–	–	–	–	–	–	–	196	161	150	131	105
Interest & Investment Income	32	42	18	10	3.45	2.98	5.50	6.73	11	11	3.89	0.68	1.79	1.13	0.14	0.43	1.12	6.88
Other Non-Operating Income	-101	-663	-375	-400	-530	-651	-397	-492	-342	-300	-479	-352	-287	-324	-235	-268	-196	-112
Asset Impairment Charges	184	108	169	43	33	40	33	27	37	30	95	24	29	6.40	5.50	5.86	3.88	0.92
Gain (Loss) on Sale of Assets	208	-0.71	-7.62	–	–	–	–	–	–	8.92	–	–	–	–	–	–	–	–
Pretax Income	1,242	773	549	526	253	-18	187	52	117	87	-167	-16	-57	-177	-125	-193	-141	-66
Income Tax Expense	188	24	51	66	15	-42	40	4.23	13	11	9.06	8.64	-1.31	6.59	2.11	1.01	0.49	1.04
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	–	-24	-56	-184	-127	-194	–	–
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	2.30	–	–	–	–
Net Income incl. Noncontrolling Interests	1,054	749	497	460	238	24	147	47	104	–	–	-24	-56	-181	-127	-194	-141	-67
Minority Interest in Earnings	0.82	-0.86	-4.40	-1.63	–	-0.06	0.29	–	–	–	–	–	–	-0.35	-0.44	0.25	-0.25	–
Net Income	1,054	750	502	461	238	24	147	47	104	76	-176	-24	-56	-181	-126	-195	-141	-67
EPS (Basic)(per share)	9.83	6.96	4.64	4.27	2.17	0.22	1.30	0.41	0.86	0.61	-1.37	-0.19	-0.44	-1.51	-1.14	-1.68	-1.20	–
EPS (Diluted)(per share)	9.80	6.94	4.61	4.22	2.14	0.21	1.28	0.41	0.86	0.61	-1.37	-0.19	-0.44	-1.51	-1.14	-1.68	-1.20	–
Shares Outstanding (Basic, Weighted)(shares)	107	108	108	108	109	112	113	115	120	124	128	129	128	120	112	–	–	–
Shares Outstanding (Diluted, Weighted)(shares)	108	108	109	109	111	113	115	117	121	125	128	129	128	120	112	–	–	–
EBITDA	1,635	1,705	1,640	1,633	1,483	1,356	1,281	1,216	1,102	1,025	972	964	763	556	420	353	313	257

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 75.2%
Operating margin: 47.6%
Net margin: 34.5%
Return on equity, FY2025: -21.1%

Financial strength

Current ratio: 0.17
Debt to equity: -2.75
Debt to assets: 108.4%
Cash to current liabilities: 7.5%

Valuation

P/E ratio: 19.7
Price to sales: 6.78
Price to book: –
Dividend yield: –