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Redeemable NCI at other companies

AT&T logo
AT&TT
$2.01B+1.1%
Safehold logo
SafeholdSAFE
$800K
TDS
Telephone and Data SystemsTDS
$9.1M-56.7%

Other financials

Income statement

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Revenue$715.3M+2.3%
Gross profit$673.3M+4.3%
Operating income$351.9M+5.1%
Net income$198.8M-12.0%
EPS (diluted)$1.87-10.5%

Balance sheet

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Cash & equivalents$360.8M+20.0%
Total debt$12.7B+1.7%
Total equity-$4.6B+6.3%
Total assets$11.7B+9.1%

Cash flow

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Operating cash flow$407.2M+10.6%
CapEx$62.4M-90.4%
Free cash flow$344.8M+10.4%

Valuation

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Market cap$19.21B-18.4%
Enterprise value$31.58B-11.6%
P/E19.4×-7.4×
P/S6.7×-1.9×

Profitability

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Gross margin93.4%-0.7pp
Operating margin47.6%-4.8pp
Net margin34.5%+2.3pp
FCF margin36.6%-2.4pp

Returns & leverage

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Return on equity-11.1%
Debt / equity-2.7×
Current ratio0.2×-0.2×

Where this comes from

Reported directly by SBA Communications in its filing.

Tagged under the XBRL concept us-gaap:RedeemableNoncontrollingInterestEquityCarryingAmount.

The source filing: SBA Communications’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001034054-26-000011
ASSETSJune 30, 2026 / (unaudited)December 31, 2025
Long-term lease liabilities2,173,0522,119,258
Other long-term liabilities626,609588,244
Total long-term liabilities11,950,32713,671,968
Redeemable noncontrolling interests85,20278,262
Shareholders' deficit:
Preferred stock - par value $0.01, 30,000 shares authorized, no shares issued or outstanding
Common stock - Class A, par value $0.01, 400,000 shares authorized, 106,088 shares and
105,666 shares issued and outstanding at June 30, 2026 and December 31, 2025,

ITEM 1: FINANCIAL STATEMENTS

FAQ

What is SBA Communications's redeemable NCI?
SBA Communications (SBAC) reported redeemable NCI of $85.2M in Q2 2026.
How has SBA Communications's redeemable NCI changed year-over-year?
SBA Communications's redeemable NCI increased by 30.8% year-over-year, from $65.16M to $85.2M.
What is the long-term trend for SBA Communications's redeemable NCI?
Over 5 years (2020 to 2025), SBA Communications's redeemable NCI has grown at a 38.8% compound annual growth rate (CAGR), from $15.2M to $78.26M.
What does redeemable NCI mean?
Minority interests in subsidiaries that include a put option allowing the minority holder to require the parent to repurchase their stake.

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