What is SBA Communications's revenue?

SBA Communications (SBAC) generated $2.9B in revenue over the trailing twelve months, up 6.3% year over year.

Is SBA Communications profitable?

SBA Communications reported $1.0B in net income over the trailing twelve months, a 35.7% net margin.

What are SBA Communications's profit margins?

Gross margin is 93.0% and operating margin is 47.3%, with a 35.7% net margin.

What is SBA Communications's earnings per share?

SBA Communications's diluted EPS over the trailing twelve months is $9.50.

Where does SBA Communications's income statement data come from?

Every line is extracted from SBA Communications's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

SBA Communications SBAC Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total revenue	$703.44M-2.2%	$719.58M-1.7%	$732.33M+4.8%	$698.98M+5.2%	$664.25M-4.2%
Rental income	$656.15M-1.5%	$666.22M+1.5%	$656.43M+3.9%	$631.79M+2.5%	$616.21M-4.7%
Total cost of revenue	$39.42M-11.9%	$44.75M-28.4%	$62.51M+16.8%	$53.53M+40.2%	$38.19M+6.0%
Gross profit	$664.01M-1.6%	$674.83M+0.7%	$669.82M+3.8%	$645.46M+3.1%	$626.06M-4.8%
Gross margin	94.4%+0.6pp	93.8%+2.3pp	91.5%-0.9pp	92.3%-1.9pp	94.3%-0.6pp
Selling, general and administrative	$70.55M-5.1%	$74.36M+12.7%	$66.01M-7.1%	$71.02M+7.3%	$66.22M-2.0%
Compensation and benefits	$18.94M-1.3%	$19.18M-0.7%	$19.32M-10.2%	$21.52M+36.9%	$15.71M-12.4%
Depreciation and amortization	$33.5M+6.0%	$31.6M+6.8%	$29.6M+9.2%	$27.1M+1.1%	$26.8M-1.8%
Provision for credit losses	——	$2.34M0.0%	$2.34M0.0%	$2.34M0.0%	$2.34M+155%
Total costs & expenses	$360.59M-14.3%	$420.66M+17.5%	$358.16M-1.7%	$364.2M+10.6%	$329.34M+5.8%
Operating income	$342.85M+14.7%	$298.93M-20.1%	$374.17M+11.8%	$334.78M0.0%	$334.91M-12.4%
Operating margin	48.7%+7.2pp	41.5%-9.6pp	51.1%+3.2pp	47.9%-2.5pp	50.4%-4.7pp
Interest expense	$155.29M+59.6%	$97.27M-38.5%	$158.19M+98.4%	$79.72M-39.7%	$132.22M+64.4%
Interest income	$5.21M-27.9%	$7.22M+30.9%	$5.52M-32.3%	$8.16M-24.4%	$10.78M-47.7%
Other income (expense), net	-$106.83M—	——	-$85.09M-14.9%	-$74.03M+1.3%	-$74.99M+66.9%
Gain (loss) on disposal of assets	-$38K-100%	$226.66M—	——	——	-$18.79M-10,483%
Income before income taxes	23,601,400,000%-100,602,400,000%	124,203,800,000%+95,295,500,000%	28,908,300,000%+2,833,000,000%	26,075,300,000%+82,800,000%	25,992,500,000%-51,274,100,000%
Income tax expense	$51.11M-17.4%	$61.85M+27.1%	$48.65M+38.8%	$35.06M-16.6%	$42.02M—
Net income	$184.83M-50.1%	$370.29M+56.4%	$236.82M+4.9%	$225.79M+2.3%	$220.73M+27.1%
Net margin	26.3%-25.2pp	51.5%+19.1pp	32.3%0.0pp	32.3%-0.9pp	33.2%+8.2pp
Income from continuing operations	175%-808%	983%+762%	221%+11.0%	210%+5.0%	205%-491%
Net income attributable to noncontrolling interests	$72K-46.7%	$135K-96.3%	$3.62M+3,715%	-$100K+96.5%	-$2.83M—
Preferred stock dividends	$133.54M+12.3%	$118.95M-0.8%	$119.86M-0.1%	$119.99M-0.6%	$120.76M+13.9%
Diluted earnings per share	$1.74-49.9%	$3.47+57.7%	$2.20+5.3%	$2.09+2.5%	$2.04+26.7%
Basic earnings per share	$1.75-49.7%	$3.48+57.5%	$2.21+5.2%	$2.10+2.4%	$2.05+27.3%
Weighted-average shares, diluted	106.1M-1.3%	107.5M0.0%	107.6M-0.2%	107.8M-0.3%	108.1M+0.1%
Weighted-average shares, basic	105.8M-1.3%	107.2M0.0%	107.3M-0.3%	107.5M-0.2%	107.7M+0.1%
Cost Of Goods Sold Direct Operating Lease	$131.91M+1.0%	$130.67M+2.7%	$127.28M+7.3%	$118.57M+2.7%	$115.48M-0.5%
Asset Impairment And Decommission Costs	$29.3M-64.1%	$81.59M+301%	$20.32M-55.1%	$45.23M+22.2%	$37.03M+85.2%
Business Combination Acquisition Related Costs And Adjusments	$8.09M-9.1%	$8.9M+72.6%	$5.16M-12.4%	$5.89M-20.2%	$7.38M+12.4%
Impairment of assets held for sale	$3.49M—	——	$186K-94.5%	$3.36M+31.1%	$2.56M-20.2%
Continuing operations (in dollars per share)	$1.75-49.6%	$3.47+57.0%	$2.21+5.2%	$2.1+2.4%	$2.05+27.3%
Continuing operations (in dollars per share)	$1.74-49.7%	$3.46+57.3%	$2.2+5.3%	$2.09+2.5%	$2.04+26.7%
Share-based compensation expense related to employee stock plans	$19.18M-1.8%	$19.53M-0.5%	$19.63M-10.4%	$21.9M+35.9%	$16.12M-11.7%
Pre-tax stock-based compensation cost	——	$18.93M0.0%	$18.93M0.0%	$18.93M0.0%	$18.93M+1.8%
Accounts Receivable, Allowance for Credit Loss, Writeoff	——	$1.52M0.0%	$1.52M0.0%	$1.52M0.0%	$1.52M+851%
Amortization Of Financing Costs	$5.26M-5.1%	$5.54M+1.2%	$5.48M+1.1%	$5.42M-0.3%	$5.43M-7.3%
Amortization of capitalized software and acquired intangible assets	$33.5M+6.0%	$31.6M+6.8%	$29.6M+9.2%	$27.1M+1.1%	$26.8M-1.8%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-10,450,900,000%+85,912,700,000%	-96,363,600,000%—	——	——	-73,655,100,000%-188,626,200,000%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$212.2M-46.2%	$394.29M+51.5%	$260.27M+3.7%	$250.86M+2.6%	$244.4M+78.4%
Less: comprehensive income attributable to noncontrolling interest	-$644K-785%	$94K-98.0%	$4.59M+2,566%	-$186K+95.1%	-$3.76M—
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$211.55M-46.4%	$394.38M+48.9%	$264.85M+5.7%	$250.68M+4.2%	$240.64M+67.8%
Federal	——	$173.25K0.0%	$173.25K0.0%	$173.25K0.0%	$173.25K—
Foreign	——	$20.1M0.0%	$20.1M0.0%	$20.1M0.0%	$20.1M+134%
Federal	——	$2.6M0.0%	$2.6M0.0%	$2.6M0.0%	$2.6M+29.8%
Deferred taxes	$25.45M+159%	$9.81M-70.1%	$32.78M+25.2%	$26.19M-26.6%	$35.68M+218%
State	——	$453.5K0.0%	$453.5K0.0%	$453.5K0.0%	$453.5K+24.4%
Depreciation	$36M-3.0%	$37.1M+3.9%	$35.7M+12.6%	$31.7M+16.1%	$27.3M+1.5%
Depreciation, Amortization and Accretion, Net	$81.32M+1.2%	$80.39M+4.6%	$76.88M+9.9%	$69.96M+7.6%	$65.05M0.0%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	679,100,000%-364,900,000%	1,044,000,000%—	——	——	614,300,000%+2,773,000,000%
Effective tax rates	——	$0.15+300%	$0.040.0%	$0.040.0%	$0.04—
Income taxes at U.S. statutory rate of 21%	——	$0.21+300%	$0.050.0%	$0.050.0%	$0.05-75.0%
Business disposition	——	-2.4%—	——	——	——
State income taxes – net of federal income tax benefit	——	$0+300%	$00.0%	$00.0%	$0—
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount	——	$350K0.0%	$350K0.0%	$350K0.0%	$350K-12.5%
Income tax benefit realized from option exercises	——	——	——	——	——
Gain (Loss), Foreign Currency Transaction, before Tax	$16.26M—	——	$37.85M-16.4%	$45.27M-17.2%	$54.64M+147%
Gain (Loss) on Disposition of Assets	-$38K-100%	$226.66M—	——	——	-$18.79M-10,483%
Gain On Sale Of Investments	——	$0—	$0—	$0—	$0—
Impairment Of Long Lived Assets Held For Use	——	$46.05M0.0%	$46.05M0.0%	$46.05M0.0%	$46.05M+70.7%
Business disposition	——	-$7.31M0.0%	-$7.31M0.0%	-$7.31M0.0%	-$7.31M—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	——	$2.32M0.0%	$2.32M0.0%	$2.32M0.0%	$2.32M+27.6%
Income taxes paid	$44.73M+126%	$19.75M+101%	$9.81M-37.8%	$15.76M+112%	$7.45M-54.7%
Increase (Decrease) in Accounts and Other Receivables	-$15.96M-184%	$19M+15.1%	$16.52M-46.9%	$31.13M+399%	-$10.4M—
Accounts payable and other current liabilities	-$13.06M+49.3%	-$25.74M-276%	$14.6M—	——	-$8.54M—
Increase Decrease In Accrued Interest Receivable Net	$25.7M—	——	$38M+194%	-$40.45M-250%	$26.94M—
Increase Decrease In Long Term Lease Liability	-$35.05M-8.6%	-$32.26M+0.7%	-$32.5M-1.5%	-$32.04M+2.3%	-$32.79M-2.0%
Increase Decrease In Operating Lease Right Of Use Asset	$39.05M+19.0%	$32.83M-2.5%	$33.66M+10.8%	$30.37M-8.2%	$33.08M+26.7%
Other liabilities	-$60.64M-332%	-$14.04M—	——	——	-$23.61M+58.2%
Increase (Decrease) in Prepaid Expense and Other Assets	$740K-98.7%	$58.9M+437%	$10.97M—	$0-100%	$4.64M+87.0%
Add - Incremental shares under stock-based compensation plans (in shares)	$296K+7,300%	$4K-98.7%	$302K+13.5%	$266K-32.8%	$396K+743%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$155.29M+59.6%	$97.27M-38.5%	$158.19M+98.4%	$79.72M-39.7%	$132.22M+64.4%
Investment expenses	$128.53M+3.7%	$123.95M+3.2%	$120.15M+0.4%	$119.66M+14.9%	$104.15M-5.4%
Line Of Credit Facility Commitment Fee Adjustment	——	0%—	——	——	——
Line Of Credit Facility Margin Adjustment	——	0.1%—	——	——	——
Noncontrolling Interest, Change in Redemption Value	$8.13M+420%	$1.56M-76.7%	$6.72M+145%	$2.74M-77.6%	$12.23M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$69.61M+51.4%	-$143.36M-79.6%	-$79.8M+49.6%	-$158.28M+87.7%	-$1.28B-209%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$296.77M-64.1%	-$180.82M-131%	-$78.31M+86.5%	-$580.96M-344%	$238.27M+172%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$255.09M-16.1%	$304.03M-4.4%	$318.03M-13.6%	$368.1M+22.2%	$301.18M-2.9%
Noncash Asset Impairment And Decommission Costs	$26.93M-65.5%	$77.99M+349%	$17.37M-59.6%	$42.99M+20.3%	$35.73M+106%
Number of reportable segments	2—	——	——	——	2—
Lease income — operating leases	$656.15M-1.5%	$666.22M+1.5%	$656.43M+3.9%	$631.79M+2.5%	$616.21M-4.7%
Unrealized gains (losses) on available-for-sale securities	$11.11M+546%	-$2.49M+14.0%	-$2.89M+75.0%	-$11.59M+66.7%	-$34.86M—
Foreign currency translation gains (losses)	$15.54M-41.2%	$26.45M-3.2%	$27.31M-25.3%	$36.58M-36.5%	$57.59M+175%
Other Noncash Income (Expense)	-$13.96M+17.7%	-$16.96M-8.1%	-$15.69M-5.3%	-$14.9M+25.5%	-$20M—
Other income, net (Note 6)	$22.52M-91.1%	$254.33M+615%	$35.6M-19.3%	$44.12M+37.2%	$32.17M+126%
Paid-in-kind interest capitalized	$772K—	——	$567K-54.0%	$1.23M-85.2%	$8.35M+68.8%
Payment Stock Option Net Share Settlements	$19.62M+3,004%	$632K+251%	$180K-55.8%	$407K-98.3%	$24.29M+3,856%
Payment for (Proceeds from) Other Investing Activity	-$75K—	——	$6.95M+46,427%	-$15K+99.7%	-$4.94M-233%
Payments For Proceeds From Short Term Investments	——	$1.65M0.0%	$1.65M0.0%	$1.65M0.0%	$1.65M-97.4%
Payments For Repurchase Of Redeemable Noncontrolling Interest	——	$36.5K0.0%	$36.5K0.0%	$36.5K0.0%	$36.5K-92.2%
Payments of Dividends	$135.2M+14.3%	$118.23M-0.8%	$119.14M-0.2%	$119.37M-2.4%	$122.28M+16.0%
Payments to Acquire Businesses, Net of Cash Acquired	$143.5M-63.6%	$394.41M+3,241%	$11.81M-98.0%	$589.22M+830%	$63.39M+102%
Payments to Acquire Investments	$725.13M+42.7%	$508.31M+127%	$223.7M+8.6%	$205.93M-9.8%	$228.38M-61.7%
Payments to Acquire Property, Plant, and Equipment	$48.4M-22.8%	$62.73M+4.5%	$60.05M+7.5%	$55.87M+21.0%	$46.17M-16.9%
Payments to Acquire Short-Term Investments	$723.4M+33.0%	$543.8M+144%	$223.3M+8.5%	$205.9M-9.3%	$227M-62.6%
Proceeds from principal business dispositions	$2.18M-99.2%	$290.09M+305,254%	$95K+132%	$41K-99.9%	$40.43M+48,462%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options	$34.02M+737%	$4.06M+55.8%	$2.61M-79.8%	$12.88M-64.2%	$36M+307%
Proceeds from long-term lines of credit	$900M+181%	$320M+8.5%	$295M—	——	——
Financing — other	-$3.07M-100%	-$1.54M-104%	-$754K-9.0%	-$692K+16.0%	-$824K-107%
Proceeds from disposition of marketable securities and other investments	$618M+25.0%	$494.33M+121%	$224.1M-17.0%	$270M-35.1%	$415.84M+16.3%
Short-term investments sold	$618M+26.1%	$490.1M+119%	$224.1M-17.0%	$270M-35.1%	$415.8M+29.4%
Cash received from option exercises	——	$12M0.0%	$12M0.0%	$12M0.0%	$12M+63.3%
Real Estate Accumulated Depreciation Deductions	——	$18.27M0.0%	$18.27M0.0%	$18.27M0.0%	$18.27M+4.8%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Addition	——	$6.45M0.0%	$6.45M0.0%	$6.45M0.0%	$6.45M+3,621%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction	——	——	——	——	——
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Investment in Real Estate Sold	——	$18.27M0.0%	$18.27M0.0%	$18.27M0.0%	$18.27M+202%
Total dispositions	——	$29.93M0.0%	$29.93M0.0%	$29.93M0.0%	$29.93M+27,299%
Real Estate Deductions	——	$28M0.0%	$28M0.0%	$28M0.0%	$28M-65.3%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements	——	$14.52M0.0%	$14.52M0.0%	$14.52M0.0%	$14.52M+7.2%
Acquisitions and development	——	$148.78M0.0%	$148.78M0.0%	$148.78M0.0%	$148.78M+1,633%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Deduction	——	-$35.13M0.0%	-$35.13M0.0%	-$35.13M0.0%	-$35.13M-157%
Repayment Funding Of Loan To Unconsolidated Joint Venture	——	——	——	——	-$115M—
Repayments of Long-term Lines of Credit	$90M-28.0%	$125M—	——	——	——
Repayments Of Related Party Debt	$0-100%	$80M+60.0%	$50M—	——	——
Repayments of Secured Debt	$750M—	——	——	——	$1.17B+651%
Payments on debt	$5.75M0.0%	$5.75M-50.0%	$11.5M—	$0-100%	$5.75M-54.9%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability	$338K-62.3%	$897K-68.7%	$2.87M+55.3%	$1.85M+110%	$879K+383%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense	——	$38.05M0.0%	$38.05M0.0%	$38.05M0.0%	$38.05M+18.4%
Property, plant, and equipment additions	$192.23M—	——	——	——	$110.44M—
Stock-based compensation	$18.94M-1.3%	$19.18M-0.7%	$19.32M-10.2%	$21.52M+36.9%	$15.71M-12.4%
Share Based Compensation Allocated To Selling General And Administrative Expense	$18.29M—	——	——	——	$15.08M—
Intrinsic value of stock options exercised	$7M+3,400%	$200K0.0%	$200K-94.4%	$3.6M-84.7%	$23.5M+710%
Exercised (in shares)	182.3+12.4%	162.2—	——	——	158.7+13.2%
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1	——	$100K0.0%	$100K0.0%	$100K0.0%	$100K0.0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	$509K+2,894%	$17K+183%	$6K-90.5%	$63K-86.2%	$455K+829%
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$14.4M+320%	$3.43M+41.4%	$2.43M-80.5%	$12.48M+6.5%	$11.71M+42.4%
Unrecognized tax benefits, settlements	——	$781.5K0.0%	$781.5K0.0%	$781.5K0.0%	$781.5K+34.1%
Interest expense and penalties, net (benefit)/charge recognized	——	$100K0.0%	$100K0.0%	$100K0.0%	$100K+33.3%
Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions	——	$89.75K0.0%	$89.75K0.0%	$89.75K0.0%	$89.75K+124%
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	——	-$1.28M0.0%	-$1.28M0.0%	-$1.28M0.0%	-$1.28M-259%
EBIT	$342.85M+14.7%	$298.93M-20.1%	$374.17M+11.8%	$334.78M0.0%	$334.91M-12.4%
EBITDA	$424.16M+11.8%	$379.32M-15.9%	$451.05M+11.4%	$404.75M+1.2%	$399.96M-10.6%
EBITDA	$424.16M+11.8%	$379.32M-15.9%	$451.05M+11.4%	$404.75M+1.2%	$399.96M-10.6%
EBITDA margin	60.3%+7.6pp	52.7%-8.9pp	61.6%+3.7pp	57.9%-2.3pp	60.2%-4.3pp
EBIT	$342.85M+14.7%	$298.93M-20.1%	$374.17M+11.8%	$334.78M0.0%	$334.91M-12.4%

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Questions, answered.

What is SBA Communications's revenue?: SBA Communications (SBAC) generated $2.9B in revenue over the trailing twelve months, up 6.3% year over year.
Is SBA Communications profitable?: SBA Communications reported $1.0B in net income over the trailing twelve months, a 35.7% net margin.
What are SBA Communications's profit margins?: Gross margin is 93.0% and operating margin is 47.3%, with a 35.7% net margin.
What is SBA Communications's earnings per share?: SBA Communications's diluted EPS over the trailing twelve months is $9.50.
Where does SBA Communications's income statement data come from?: Every line is extracted from SBA Communications's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.