What is SBA Communications's operating income?

SBA Communications (SBAC) reported operating income of $342.85M in Q1 2026.

How has SBA Communications's operating income changed year-over-year?

SBA Communications's operating income increased by 2.4% year-over-year, from $334.91M to $342.85M.

What is the long-term trend for SBA Communications's operating income?

Over 4 years (2021 to 2025), SBA Communications's operating income has grown at a 14.5% compound annual growth rate (CAGR), from $782.5M to $1.34B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

SBA Communications SBAC Operating Income

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MTZ

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Segments

By segment

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Domestic Site Leasing Revenue$278.2M-8.5%

International Site Leasing Revenue$80.4M+90.4%

All Other Segments-$18.94M-11.2%

Site Development Construction$3.19M-44.9%

Other financials

Income statement

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Revenue$703.4M+5.9%

Gross profit$664.0M+6.1%

Net income$184.8M-16.3%

EPS (diluted)$1.74-14.7%

Balance sheet

See full

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

See full

Operating cash flow$255.1M-15.3%

CapEx$48.4M+4.8%

Free cash flow$206.7M-18.9%

Valuation

See full

Market cap$18.72B-21.0%

Enterprise value$31.34B-13.0%

P/E18.4×-8.6×

P/S6.6×-2.1×

Profitability

See full

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:OperatingIncomeLoss.

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 operating income?: SBA Communications (SBAC) reported operating income of $342.85M in Q1 2026.
How has SBA Communications's operating income changed year-over-year?: SBA Communications's operating income increased by 2.4% year-over-year, from $334.91M to $342.85M.
What is the long-term trend for SBA Communications's operating income?: Over 4 years (2021 to 2025), SBA Communications's operating income has grown at a 14.5% compound annual growth rate (CAGR), from $782.5M to $1.34B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.