Sunday 1 November 2026 Export SBAC’s income statement to Excel — free account

SBA Communications Corporation

SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024.

Revenue: +2.33%
EPS: −11.0%
Free cash flow: +11.3%
Total debt: +1.74%

Quarter to June 2026, against a year earlier

187.15 2.27 +1.23%

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Market cap: $19.6B
P/E: 20.1×
Fwd P/E: 24.3×
Dividend yield: 2.59%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

SBA Communications Corporation (SBAC) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2016: revenue by segment, and margins
Domestic Site Leasing	1,274	78.00%
International Site Leasing	264	16.18%
Site Development	95	5.82%
Gross margin		74.23%
Operating margin		23.72%
Pre-tax margin		5.35%

Revenue by segment $m

Line	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Domestic Site Leasing	1,274 78.00%	1,237 75.48%	1,157 75.79%	1,049 80.37%	798 83.62%	—	—	—
International Site Leasing	264 16.18%	244 14.88%	203 13.29%	84 6.46%	48 5.06%	—	—	—
Site Development	95 5.82%	158 9.63%	167 10.92%	172 13.17%	108 11.32%	82 11.73%	91 14.55%	61 11.00%
Site Leasing	—	—	—	—	—	616 88.27%	535 85.45%	477 85.87%
Site Development Consulting	—	—	—	—	—	—	—	17 3.13%
Revenue	1,633	1,638	1,527	1,305	954	698	627	556

Operating income by segment $m, and margin

	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Domestic Site Leasing	‡	‡	‡	‡	‡	‡	‡	‡
International Site Leasing	‡	‡	‡	‡	‡	‡	‡	‡
Site Development	‡	‡	‡	‡	‡	‡	‡	‡
Site Leasing	‡	‡	‡	‡	‡	‡	‡	‡
Not Identified By	‡	‡	‡	‡	‡	‡	‡	‡
Site Development Consulting	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q2 FY2026	$3.05	$3.17	−3.79%
Domestic sites owned	Q2 FY2026	17.4K	17.4K	−0.43%
FFO a share	Q2 FY2026	$2.81	$3.14	−10.51%
International sites owned	Q2 FY2026	29.0K	26.6K	+9.01%
Sites acquired during the third quarter	Q2 FY2026	6.00	4.3K	−99.86%
Sites built during the third quarter	Q2 FY2026	109.00	94.00	+15.96%
Sites owned	Q2 FY2026	46.4K	44.1K	+5.28%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
AFFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Domestic sites owned	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International sites owned	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sites acquired during the third quarter	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sites built during the third quarter	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sites owned	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.