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) Free cash flow
SBA Communications Corporation's free cash flow for fiscal 2025 was $1.4B, up 26.2% from $1.1B in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.3B. Over the past ten years it has ranged from $514.3M (fiscal 2015) to $1.4B (fiscal 2025) — the current reading is the highest in ten years. SBA Communications Corporation ranks 4th of 18 Reit Specialty companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.4B | 26.21% |
| FY2024 | $1.1B | (15.58%) |
| FY2023 | $1.3B | 22.42% |
| FY2022 | $1.1B | 1.43% |
| FY2021 | $1.1B | 5.89% |
| FY2020 | $997.5M | 22.27% |
| FY2019 | $815.8M | 16.41% |
| FY2018 | $700.8M | 4.38% |
| FY2017 | $671.4M | 11.43% |
| FY2016 | $602.5M | 17.15% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $347.6M | 66.44% |
| Mar 2026 | $208.9M | (60.69%) |
| Dec 2025 | $531.4M | 105.90% |
| Sep 2025 | $258.1M | (17.36%) |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| DLR Digital Realty Trust, Inc. compare | $3.7B |
| CCI Crown Castle Inc. compare | $2.4B |
| SBAC SBA Communications Corporation | $1.3B |
| LAMR Lamar Advertising Company compare | $739.1M |
| GLPI Gaming and Leisure Properties, Inc. compare | $627.7M |
| OUT OUTFRONT Media Inc. compare | $291.4M |
| WY Weyerhaeuser Company compare | −$141.0M |
| RYN Rayonier Inc. compare | −$468.3M |
| IRM Iron Mountain Incorporated compare | −$594.9M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
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- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
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- Current ratio
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