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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) Net margin

Alert me on Net margin

SBA Communications Corporation's net margin over the twelve months to 30 June 2026 was 34.5%, down 2.9 percentage points from fiscal 2025 (37.4%). Over the past ten years it has ranged from −10.7% (fiscal 2015) to 37.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 16.1% and above the Real Estate sector median of 7.83%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 37.4% 9.46
FY2024 28.0% 9.46
FY2023 18.5% 0.99
FY2022 17.5% 7.23
FY2021 10.3% 9.13
FY2020 1.16% (6.14)
FY2019 7.30% 4.76
FY2018 2.54% (3.46)
FY2017 6.00% 1.33
FY2016 4.67% 15.39

Quarterly newest first

Period Net margin Change (points)
Jun 2026 27.8% 1.51
Mar 2026 26.3% (25.18)
Dec 2025 51.5% 19.12
Sep 2025 32.3% 0.04
42 more quarters

Against its own ten years

Low −10.7% High 37.4%
Ten-year median 7.30%
Current reading's percentile 95

Net margin against peers

Company Net margin
GLPI Gaming and Leisure Properties, Inc. compare 58.5%
SBAC SBA Communications Corporation 34.5%
LAMR Lamar Advertising Company compare 23.9%
CCI Crown Castle Inc. compare 20.7%
OUT OUTFRONT Media Inc. compare 12.3%
DLR Digital Realty Trust, Inc. compare 11.2%
RYN Rayonier Inc. compare 7.83%
WY Weyerhaeuser Company compare 6.89%
IRM Iron Mountain Incorporated compare 5.54%
Reit Specialty industry median 16.1%
Real Estate sector median 7.83%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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