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Saturday 17 October 2026 Export SBAC’s income statement to Excel — free account

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.

187.06 3.34 +1.82%
Market cap
$19.5B
P/E
20.1×
Fwd P/E
27.6×
Dividend yield
2.60%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

SBA Communications Corporation (SBAC) Gross margin

Alert me on Gross margin

SBA Communications Corporation's gross margin over the twelve months to 30 June 2026 was 75.2%, down 0.3 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 67.4% and above the Real Estate sector median of 66.1%.

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)
Jun 2026 75.4% (0.25)
Mar 2026 75.6% 0.02
Dec 2025 75.6% 1.54
Sep 2025 74.1% (1.30)
42 more quarters

Against its own ten years

Low 72.9% High 78.3%
Ten-year median 75.5%
Current reading's percentile 48

Gross margin against peers

Company Gross margin
GLPI Gaming and Leisure Properties, Inc. compare 100.0%
SBAC SBA Communications Corporation 75.2%
CCI Crown Castle Inc. compare 73.7%
LAMR Lamar Advertising Company compare 67.4%
DLR Digital Realty Trust, Inc. compare 57.1%
IRM Iron Mountain Incorporated compare 54.2%
OUT OUTFRONT Media Inc. compare 51.4%
RYN Rayonier Inc. compare 23.7%
WY Weyerhaeuser Company compare 14.5%
Reit Specialty industry median 67.4%
Real Estate sector median 66.1%
Market median 46.2%

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

The full definition of Gross margin →

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