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SBA Communications SBAC International — Company Owned Tower Sites

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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 sbac:CompanyOwnedTowerSites.

The official record: SBA Communications’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SBA Communications's international — company owned tower sites?
SBA Communications (SBAC) reported international — company owned tower sites of 7.2K in Q4 2025.
How has SBA Communications's international — company owned tower sites changed year-over-year?
SBA Communications's international — company owned tower sites increased by 29.8% year-over-year, from 5.6K to 7.2K.
What is the long-term trend for SBA Communications's international — company owned tower sites?
Over 4 years (2021 to 2025), SBA Communications's international — company owned tower sites has grown at a 14.5% compound annual growth rate (CAGR), from 16.8K to 28.9K.
What does international — company owned tower sites mean?
This metric represents the total number of wireless communication tower sites owned and operated by the company within its international geographic segment. It serves as a primary indicator of the company's physical infrastructure footprint and capacity to generate recurring rental revenue from mobile network operators outside of its domestic market. Growth in this figure typically reflects strategic capital deployment through new tower builds or acquisitions in global markets.