SBA Communications revenue and financials
$165.61Change from previous close: +2.34%Absolute change: +$3.79
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,815 | 2,680 | 2,712 | 2,633 | 2,309 | 2,083 | 2,015 | 1,866 | 1,728 | 1,633 |
| Cost of revenue | 691 | 582 | 613 | 669 | 545 | 477 | 493 | 469 | 446 | 421 |
| Gross profit | 2,124 | 2,098 | 2,099 | 1,965 | 1,763 | 1,607 | 1,522 | 1,397 | 1,281 | 1,212 |
| Selling, general and administrative | 278 | 259 | 268 | 262 | — | — | — | — | — | — |
| Operating income | 1,343 | 1,436 | 924 | 925 | 782 | 634 | 583 | 544 | 459 | 387 |
| EBIT | 1,719 | 1,200 | 985 | 926 | — | — | — | — | — | — |
| EBITDA | 2,011 | 1,470 | 1,701 | 1,633 | — | — | — | — | — | — |
| Interest expense | 477 | 427 | 436 | 400 | — | — | — | — | — | — |
| Pre-tax income | 1,242 | 773 | 549 | 526 | — | — | — | — | — | — |
| Income tax | 188 | 24.0 | 51.1 | 66.0 | 14.9 | -41.8 | 39.6 | 4.2 | 13.2 | 11.1 |
| Net income | 1,054 | 750 | 502 | 461 | 238 | 24.1 | 147 | 47.5 | 104 | 76.2 |
| Net income to common shareholders | 1,054 | 750 | 502 | 461 | — | — | — | — | — | — |
| Basic EPS | 9.83 | 6.96 | 4.64 | 4.27 | 2.17 | 0.22 | 1.30 | 0.41 | 0.86 | 0.61 |
| Diluted EPS | 9.80 | 6.94 | 4.61 | 4.22 | 2.14 | 0.21 | 1.28 | 0.41 | 0.86 | 0.61 |
| Average shares (basic) | 107 | 108 | 108 | 108 | — | — | — | — | — | — |
| Average shares (diluted) | 108 | 108 | 109 | 109 | 111 | 113 | 115 | 117 | 121 | 125 |