SBA Communications revenue and financials
$166.64Change from previous close: +2.98%Absolute change: +$4.81
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 715 | 703 | 720 | 732 | 699 | — | — | — | — | — | — | — |
| Cost of revenue | 176 | 171 | 175 | 190 | 172 | — | — | — | — | — | — | — |
| Gross profit | 539 | 532 | 544 | 543 | 527 | — | — | — | — | — | — | — |
| Selling, general and administrative | 77.5 | 70.5 | 74.4 | 66.0 | 71.0 | — | — | — | — | — | — | — |
| Operating income | 380 | 380 | 389 | 400 | 386 | — | — | — | — | — | — | — |
| EBIT | 373 | 369 | 377 | 394 | 379 | 368 | 397 | 385 | 380 | 362 | 282 | 278 |
| EBITDA | 454 | 450 | 458 | 471 | 449 | 433 | 463 | 449 | 445 | 439 | 454 | 459 |
| Interest expense | 130 | 129 | 123 | 121 | 121 | — | — | — | — | — | — | — |
| Pre-tax income | 232 | 236 | 432 | 289 | 261 | 260 | 156 | 298 | 147 | 171 | 138 | 93.2 |
| Income tax | 36.0 | 51.1 | 61.9 | 48.7 | 35.1 | 42.0 | -22.9 | 42.3 | -12.3 | 16.9 | 28.9 | 7.9 |
| Net income | 199 | 185 | 370 | 237 | 226 | 221 | 174 | 259 | 163 | 155 | 110 | 87.4 |
| Net income to common shareholders | 199 | 185 | 370 | 237 | 226 | 221 | 174 | 259 | 163 | 155 | 110 | 87.4 |
| Basic EPS | 1.87 | 1.75 | 3.48 | 2.21 | 2.10 | 2.05 | 1.61 | 2.41 | 1.52 | 1.43 | 1.01 | 0.81 |
| Diluted EPS | 1.87 | 1.74 | 3.47 | 2.20 | 2.09 | 2.04 | 1.61 | 2.40 | 1.51 | 1.42 | 1.01 | 0.80 |
| Average shares (basic) | 106 | 106 | 106 | 107 | 108 | 108 | 108 | 107 | 107 | 108 | 108 | 108 |
| Average shares (diluted) | 106 | 106 | 107 | 108 | 108 | 108 | 108 | 108 | 108 | 109 | 109 | 109 |
| Dividend per share | 1.25 | 1.25 | 1.11 | 1.11 | 1.11 | 1.11 | 0.98 | 0.98 | 0.98 | 0.98 | 0.85 | 0.85 |