CapEx
SBA Communications CapEx decreased by 22.8% to $48.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.8%, from $46.17M to $48.40M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 32.5% CAGR.
Analysis
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $108.75M | $92.94M | $43.29M | $38.01M | $193.08M | $123.83M | $66.10M | $49.14M | $84.03M | $115.43M | $62.72M | $57.87M | $91.59M | $272.30M | $55.55M | $46.17M | $646.93M | $74.72M | $62.73M | $48.40M |
| QoQ Change | — | -14.5% | -53.4% | -12.2% | +408.0% | -35.9% | -46.6% | -25.7% | +71.0% | +37.4% | -45.7% | -7.7% | +58.3% | +197.3% | -79.6% | -16.9% | >999% | -88.4% | -16.1% | -22.8% |
| YoY Change | — | — | — | — | +77.5% | +33.2% | +52.7% | +29.3% | -56.5% | -6.8% | -5.1% | +17.8% | +9.0% | +135.9% | -11.4% | -20.2% | +606.3% | -72.6% | +12.9% | +4.8% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| International Site Leasing Revenue | $35.60M | $41.69M | $36.32M | $36.74M | $66.34M | $602.78M | $26.75M | $401.50M |
| Domestic Site Leasing Revenue | $41.02M | $48.60M | $234.96M | $49.75M | $42.38M | $41.91M | $43.34M | $55.19M |
| Site Development Construction | $59.00K | $123.00K | $428.00K | $404.00K | $826.00K | $1.47M | $2.39M | $1.13M |
| All Other Segments | $594.00K | $1.18M | $590.00K | $237.00K | $895.00K | $771.00K | $2.23M | $214.00K |
| Total | $57.87M | $91.59M | $272.30M | $55.55M | $46.17M | $646.93M | $74.72M | $62.73M |
All Other Segments, Domestic Site Leasing Revenue, International Site Leasing Revenue, Site Development Construction were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is SBA Communications's capex?
- SBA Communications (SBAC) reported capex of $48.40M in Q1 2026.
- How has SBA Communications's capex changed year-over-year?
- SBA Communications's capex increased by 4.8% year-over-year, from $46.17M to $48.40M.
- What is the long-term trend for SBA Communications's capex?
- Over 4 years (2021 to 2025), SBA Communications's capex has grown at a 32.5% compound annual growth rate (CAGR), from $269.50M to $830.56M.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.