stockrowSBA 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.
- Revenue
- −2.51%
- EPS
- −0.27%
- Free cash flow
- +28.6%
- Total debt
- +1.50%
Quarter to September 2026, against a year earlier
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SBA Communications Corporation (SBAC) Gross margin
SBA Communications Corporation's gross margin over the twelve months to 30 September 2026 was 75.7%, up 0.2 percentage points from fiscal 2025 (75.5%). Over the past ten years it has ranged from 72.9% (fiscal 2015) to 78.3% (fiscal 2024); the current reading is higher than 55% of that period. That is above the Reit Specialty industry median of 67.6% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 75.5% | (2.83) |
| FY2024 | 78.3% | 0.88 |
| FY2023 | 77.4% | 2.80 |
| FY2022 | 74.6% | (1.76) |
| FY2021 | 76.4% | (0.75) |
| FY2020 | 77.1% | 1.59 |
| FY2019 | 75.5% | 0.66 |
| FY2018 | 74.9% | 0.70 |
| FY2017 | 74.2% | (0.06) |
| FY2016 | 74.2% | 1.35 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 76.0% | 0.58 |
| Jun 2026 | 75.4% | (0.25) |
| Mar 2026 | 75.6% | 0.02 |
| Dec 2025 | 75.6% | 1.54 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 100.0% |
| SBAC SBA Communications Corporation | 75.7% |
| CCI Crown Castle Inc. compare | 73.7% |
| LAMR Lamar Advertising Company compare | 67.6% |
| DLR Digital Realty Trust, Inc. compare | 57.1% |
| IRM Iron Mountain Incorporated compare | 53.9% |
| OUT OUTFRONT Media Inc. compare | 51.4% |
| RYN Rayonier Inc. compare | 23.7% |
| WY Weyerhaeuser Company compare | 15.0% |
| Reit Specialty industry median | 67.6% |
| Real Estate sector median | 62.8% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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