SBA Communications Corporation
SBAC Real Estate Reit Specialty
SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024. In the quarter to June 2026, revenue grew 2.33%, EPS fell 11.0%, free cash flow grew 11.3% and total debt rose 1.74%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
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SBA Communications Corporation (SBAC) EBITDA
SBA Communications Corporation's EBITDA for fiscal 2025 was $1.7B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $1.7B. Over the past ten years it has ranged from $991.6M (fiscal 2015) to $1.7B (fiscal 2024); the current reading is higher than 82% of that period. SBA Communications Corporation ranks 6th of 18 Reit Specialty companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $1.7B | (4.03%) |
| FY2024 | $1.7B | 3.99% |
| FY2023 | $1.7B | 0.45% |
| FY2022 | $1.7B | 7.74% |
| FY2021 | $1.5B | (6.21%) |
| FY2020 | $1.6B | 25.72% |
| FY2019 | $1.3B | 5.20% |
| FY2018 | $1.2B | 6.97% |
| FY2017 | $1.2B | 7.80% |
| FY2016 | $1.1B | 8.14% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $433.2M | 2.14% |
| Mar 2026 | $424.2M | 5.73% |
| Dec 2025 | $401.2M | (11.06%) |
| Sep 2025 | $451.1M | 11.44% |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| CCI Crown Castle Inc. compare | $2.7B |
| IRM Iron Mountain Incorporated compare | $2.5B |
| DLR Digital Realty Trust, Inc. compare | $2.1B |
| SBAC SBA Communications Corporation | $1.7B |
| GLPI Gaming and Leisure Properties, Inc. compare | $1.7B |
| WY Weyerhaeuser Company compare | $1.4B |
| LAMR Lamar Advertising Company compare | $1.1B |
| OUT OUTFRONT Media Inc. compare | $554.3M |
| RYN Rayonier Inc. compare | $184.4M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement