SBA COMMUNICATIONS CORPORATION financials

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SBAC CIK 0001034054

Source: EDGAR filings · Built 2026-06-02T04:00:30Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.06B 1.10B 1.31B 1.07B 1.05B 995.98M
EBITDA 1.64B 1.71B 1.64B 1.63B 1.48B 1.36B
Working Capital -1.90B 180.78M -878.99M -214.03M -1.89M -141.81M
Net Debt 15.05B 15.57B 14.25B 15.03B 14.16B 13.12B
Gross Margin 868.79% 1372.36% 1078.33% 661.82% 861.23% 1248.67%
Operating Margin 549.20% 939.21% 474.53% 311.71% 382.18% 492.51%
Net Margin 430.94% 490.31% 257.80% 155.43% 116.06% 18.73%
Return on Equity (ROE) -21.71% -14.67% -9.70% -8.75% -4.50% -0.50%
Return on Assets (ROA) 9.10% 6.56% 4.93% 4.36% 2.42% 0.26%
Current Ratio 0.29× 1.10× 0.36× 0.69× 1.00× 0.77×
Debt-to-Equity -3.16× -3.08× -2.80× -2.88× -2.75× -2.78×
Effective Tax Rate 15.10% 3.10% 9.31% 12.56% 5.92% 235.48%
Cash Conversion Ratio 1.23× 1.78× 3.08× 2.79× 5.01× 46.72×
Accruals Ratio -0.02× -0.05× -0.10× -0.08× -0.10× -0.12×
SBC % of Revenue 30.98% 48.65% 45.17% 33.65% 41.22% 53.54%
CapEx Coverage 5.68× 5.80× 6.46× 5.93× 8.79× 8.66×
Free Cash Flow Per Share $9.89 $10.22 $11.98 $9.77 $9.48 $8.78

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 19.74× 29.37× 55.03× 66.42× 181.78× 1343.48×
P/FCF 19.55× 19.94× 21.17× 28.68× 41.02× 32.14×
FCF Yield 5.11% 5.02% 4.72% 3.49% 2.44% 3.11%
EV / EBITDA 21.71× 21.98× 25.41× 27.74× 38.14× 32.53×
P/S 83.60× 143.40× 140.82× 101.97× 207.02× 240.80×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 244.50M 152.87M 194.65M 296.88M 204.75M 128.67M
Revenues 2.82B 2.68B 2.71B 2.63B 2.31B 2.08B
Cost of Goods and Services Sold 198.97M 118.73M 139.94M 222.97M 159.09M 102.75M
Cost of Revenue 690.97M 581.73M 612.62M 668.65M 545.48M 476.53M
Gross Profit 2.12B 2.10B 2.10B 1.96B 1.76B 1.61B
Selling, General and Administrative Expense 277.61M 258.76M 267.94M 261.85M 220.03M 194.27M
Operating Income (Loss) 1.34B 1.44B 923.66M 925.41M 782.50M 633.69M
Income Tax Expense (Benefit) 187.58M 23.99M 51.09M 66.04M 14.94M -41.80M
Net Income (Loss) Attributable to Parent 1.05B 749.54M 501.81M 461.43M 237.62M 24.10M
Earnings Per Share, Basic $9.83 $6.96 $4.64 $4.27 $2.17 $0.22
Weighted Average Number of Shares Outstanding, Basic 107.21M 107.64M 108.20M 107.96M 109.33M 111.53M
Earnings Per Share, Diluted $9.80 $6.94 $4.61 $4.22 $2.14 $0.21
Weighted Average Number of Shares Outstanding, Diluted 107.53M 108.08M 108.91M 109.39M 111.18M 113.47M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 264.57M 189.84M 208.55M 143.71M 367.28M 308.56M
Assets, Current 773.43M 1.98B 484.27M 482.73M 614.45M 472.99M
Assets 11.58B 11.42B 10.18B 10.59B 9.80B 9.16B
Long-term Debt 12.90B 13.59B 12.32B 12.87B 12.30B 11.10B
Liabilities, Current 2.68B 1.80B 1.36B 696.76M 616.33M 614.80M
Long-term Debt, Excluding Current Maturities 10.96B 12.40B 11.68B 12.84B 12.28B 11.07B
Stockholders' Equity Attributable to Parent -4.85B -5.11B -5.17B -5.28B -5.28B -4.82B
Common Stock, Shares, Outstanding 105.67M 107.56M 108.05M 108.00M 108.96M 109.82M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.29B 1.33B 1.54B 1.29B 1.19B 1.13B
Payments to Acquire Property, Plant, and Equipment 224.82M 228.15M 236.70M 214.44M 133.69M 128.57M
Net Cash Provided by (Used in) Investing Activities -601.83M -809.31M -468.25M -1.39B -1.42B -446.37M
Payments for Repurchase of Common Stock 497.81M 200.02M 100.01M 431.67M 582.58M 859.34M
Payments of Dividends 479.01M 424.19M 369.96M 306.77M 253.58M 207.69M
Net Cash Provided by (Used in) Financing Activities -1.66B 645.74M -1.02B -135.47M 339.26M -469.02M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (SBAC CIK 0001034054), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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