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SBA Communications SBAC Domestic Site Leasing Revenue — Operating Income

Other segment segments

International Site Leasing Revenue
$80.4M+90.4%
All Other Segments
-$18.94M-11.2%
Site Development Construction
$3.19M-44.9%

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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%
CapEx$48.4M+4.8%
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

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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 domestic site leasing revenue — operating income?
SBA Communications (SBAC) reported domestic site leasing revenue — operating income of $278.2M in Q1 2026.
How has SBA Communications's domestic site leasing revenue — operating income changed year-over-year?
SBA Communications's domestic site leasing revenue — operating income decreased by 8.5% year-over-year, from $303.95M to $278.2M.
What is the long-term trend for SBA Communications's domestic site leasing revenue — operating income?
Over 4 years (2021 to 2025), SBA Communications's domestic site leasing revenue — operating income has grown at a 11.3% compound annual growth rate (CAGR), from $760.42M to $1.17B.
What does domestic site leasing revenue — operating income mean?
This is the profit generated from domestic operations after deducting all operating expenses, including direct site costs, SG&A, and depreciation. It represents the core operating performance of the domestic business segment.