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) Total debt
SBA Communications Corporation's total debt at the end of fiscal 2025 was $12.9B, down 5.09% from $13.6B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $12.7B. Over the past ten years it has ranged from $8.5B (fiscal 2015) to $13.6B (fiscal 2024); the current reading is higher than 91% of that period. SBA Communications Corporation ranks 6th of 17 Reit Specialty companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $12.9B | (5.09%) |
| FY2024 | $13.6B | 10.28% |
| FY2023 | $12.3B | (4.23%) |
| FY2022 | $12.9B | 4.60% |
| FY2021 | $12.3B | 10.88% |
| FY2020 | $11.1B | 7.37% |
| FY2019 | $10.3B | 3.98% |
| FY2018 | $9.9B | 6.74% |
| FY2017 | $9.3B | 6.10% |
| FY2016 | $8.8B | 3.83% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $12.7B | (1.78%) |
| Mar 2026 | $13.0B | 0.46% |
| Dec 2025 | $12.9B | 1.53% |
| Sep 2025 | $12.7B | 1.55% |
| 42 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| DLR Digital Realty Trust, Inc. compare | $18.6B |
| CCI Crown Castle Inc. compare | $18.2B |
| IRM Iron Mountain Incorporated compare | $17.3B |
| SBAC SBA Communications Corporation | $12.7B |
| GLPI Gaming and Leisure Properties, Inc. compare | $8.1B |
| WY Weyerhaeuser Company compare | $5.4B |
| LAMR Lamar Advertising Company compare | $3.5B |
| OUT OUTFRONT Media Inc. compare | $2.5B |
| RYN Rayonier Inc. compare | $1.9B |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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