SBA Communications revenue and financials
$169.70Change from previous close: +4.87%Absolute change: +$7.88
In the fiscal year ended December 2025, SBA Communications reported revenue of $2.82B (+5.06% year over year). Net income was $1.05B, a net margin of 37.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +5.06%
- 2025 vs 2024
- Net income growth
- +40.57%
- 2025 vs 2024
- Net margin
- 37.4%
- 2024: 28.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,291 | 1,335 | 1,544 | 1,286 | 1,190 | 1,126 | 970 | 851 | 818 | 743 |
| Depreciation and amortization | 292 | 270 | 716 | 708 | 700 | 722 | 697 | 672 | 643 | 638 |
| Capital expenditure | -225 | -228 | -237 | -214 | -134 | -129 | -154 | -150 | -147 | -140 |
| Investing cash flow | -602 | -809 | -468 | -1,394 | -1,423 | — | — | — | — | — |
| Financing cash flow | -1,664 | 646 | -1,017 | -135 | — | — | — | — | — | — |
| Dividends paid | -479 | -424 | -370 | -307 | -254 | -208 | -83.4 | — | — | — |
| Share repurchases | -498 | -200 | -100 | -432 | -583 | -859 | -467 | -796 | -855 | -546 |
| Debt issued | 695 | 4,703 | 190 | 1,815 | — | — | — | — | — | — |
| Debt repaid | -1,408 | -3,463 | -754 | -1,269 | — | — | — | — | — | — |
| Effect of exchange rates | 10.4 | -21.6 | 2.7 | -2.9 | -13.1 | — | — | — | — | — |
| Net change in cash | -964 | 1,150 | 61.7 | -246 | 92.8 | — | — | — | — | — |
| Free cash flow | 1,067 | 1,107 | 1,308 | 1,071 | — | — | — | — | — | — |
| Levered free cash flow | 1,928 | -401 | 927 | 921 | 834 | — | — | — | — | — |