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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 407 | 255 | 304 | 318 | 368 | 301 | 310 | 305 | 426 | 294 | 433 | 314 |
| Depreciation and amortization | 81.4 | 81.3 | 80.4 | 76.9 | 70.0 | 65.0 | 65.1 | 63.5 | 64.2 | 76.8 | 171 | 181 |
| Capital expenditure | -62.4 | -48.4 | -62.7 | -60.1 | -55.9 | — | — | — | — | — | — | — |
| Investing cash flow | -13.7 | -297 | -181 | -78.3 | -581 | 238 | -329 | -274 | -121 | -85.3 | -106 | -104 |
| Financing cash flow | -367 | -69.6 | -143 | -79.8 | -158 | — | — | — | — | — | — | — |
| Dividends paid | -133 | -135 | -118 | -119 | -119 | -122 | -105 | -105 | -105 | -108 | -91.8 | -92.1 |
| Share repurchases | -2.8 | -19.6 | -217 | -151 | -131 | -24.3 | -0.6 | -0.1 | -94.1 | -124 | -46.4 | -53.7 |
| Debt issued | 125 | 900 | 320 | 295 | 80.0 | — | 2,058 | 175 | 70.0 | 2,400 | — | 50.0 |
| Debt repaid | -361 | -846 | -131 | -107 | 0.0 | -1,171 | -793 | -141 | -151 | -2,378 | -196 | -136 |
| Effect of exchange rates | 1.5 | 6.8 | -8.2 | 5.0 | 7.6 | 6.1 | -11.7 | 3.5 | -9.1 | -4.3 | 4.2 | -2.8 |
| Net change in cash | 28.2 | -105 | -28.4 | 165 | -364 | -737 | 1,149 | -31.7 | 18.8 | 13.4 | 18.9 | -23.4 |
| Free cash flow | 345 | 207 | 241 | 258 | 312 | — | — | — | — | — | — | — |
| Levered free cash flow | 286 | 228 | -10.3 | 247 | 242 | 1,449 | -1,090 | 133 | 251 | 305 | 185 | 220 |