What is SBA Communications's capex?

SBA Communications (SBAC) reported capex of $48.4M 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 $48.4M.

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 $269.5M to $830.56M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

SBA Communications SBAC CapEx

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Other financials

Income statement

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Revenue$703.4M+5.9%

Gross profit$664.0M+6.1%

Operating income$342.8M+2.4%

Net income$184.8M-16.3%

EPS (diluted)$1.74-14.7%

Balance sheet

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Cash & equivalents$332.5M-49.9%

Total debt$13.0B+4.3%

Total equity-$4.8B+4.4%

Total assets$11.7B+12.2%

Cash flow

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Operating cash flow$255.1M-15.3%

Free cash flow$206.7M-18.9%

Valuation

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Market cap$18.72B-21.0%

Enterprise value$31.34B-13.0%

P/E18.4×-8.6×

P/S6.6×-2.1×

Profitability

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Gross margin93%-2.0pp

Operating margin47.3%-6.6pp

Net margin35.7%+5.3pp

FCF margin35.7%-6.2pp

Returns & leverage

See full

Return on equity-11.1%—

Debt / equity-2.7×—

Current ratio0.2×-0.5×

Where this comes from

Reported directly by SBA Communications in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: SBA Communications’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SBA Communications's capex?: SBA Communications (SBAC) reported capex of $48.4M 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 $48.4M.
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 $269.5M to $830.56M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.