Key facts
- 52-week range (closes)
- $158.02 – $223.75 Lowest close Oct 1, 2026, highest Apr 10, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Sep 1, 2017, replacing Dow Chemical Company (DOW) and DuPont (DD) · The Dow Chemical Company renamed to DowDuPont Inc. · The Dow Chemical Company acquired DuPont. · All S&P 500 changes
SBA Communications (SBAC) is trading down at $180.97 (-1.16%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
SBA Communications revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.63B | $1.73B | $1.87B | $2.01B | $2.08B | $2.31B | $2.63B | $2.71B | $2.68B | $2.82B |
| Growth (year over year) | −0.3% | +5.8% | +8.0% | +8.0% | +3.4% | +10.8% | +14.1% | +3.0% | −1.2% | +5.1% |
| Gross profit | $1.21B | $1.28B | $1.40B | $1.52B | $1.61B | $1.76B | $1.96B | $2.10B | $2.10B | $2.12B |
| Gross margin | 74.2% | 74.2% | 74.9% | 75.5% | 77.1% | 76.4% | 74.6% | 77.4% | 78.3% | 75.5% |
| Operating income | $387.3M | $458.5M | $544.2M | $583.5M | $633.7M | $782.5M | $925.4M | $923.7M | $1.44B | $1.34B |
| Operating margin | 23.7% | 26.5% | 29.2% | 29.0% | 30.4% | 33.9% | 35.1% | 34.1% | 53.6% | 47.7% |
| Net income | $76.2M | $103.7M | $47.5M | $147.0M | $24.1M | $237.6M | $461.4M | $501.8M | $749.5M | $1.05B |
| Net margin | 4.7% | 6.0% | 2.5% | 7.3% | 1.2% | 10.3% | 17.5% | 18.5% | 28.0% | 37.4% |
| EPS (diluted) | $0.61 | $0.86 | $0.41 | $1.28 | $0.21 | $2.14 | $4.22 | $4.61 | $6.94 | $9.80 |
| Balance sheet | ||||||||||
| Cash and equivalents | $146.1M | $68.8M | $143.4M | $108.3M | $308.6M | $367.3M | $143.7M | $208.5M | $189.8M | $264.6M |
| Total assets | $7.36B | $7.32B | $7.21B | $9.76B | $9.16B | $9.80B | $10.6B | $10.2B | $11.4B | $11.6B |
| Total liabilities | $9.36B | $9.92B | $10.6B | $13.4B | $14.0B | $15.1B | $15.9B | $15.3B | $16.5B | $16.4B |
| Long-term debt | $8.15B | $9.29B | $9.00B | $9.81B | $11.1B | $12.3B | $12.8B | $11.7B | $12.4B | $11.0B |
| Shareholders' equity | −$2.00B | −$2.60B | −$3.38B | −$3.67B | −$4.82B | −$5.28B | −$5.28B | −$5.17B | −$5.11B | −$4.85B |
| Cash flow | ||||||||||
| Operating cash flow | $742.5M | $818.5M | $850.6M | $970.0M | $1.13B | $1.19B | $1.29B | $1.54B | $1.33B | $1.29B |
| Capital expenditure | $140.0M | $147.0M | $149.8M | $154.2M | $128.6M | $133.7M | $214.4M | $236.7M | $228.1M | $224.8M |
| Free cash flow | $602.5M | $671.4M | $700.8M | $815.8M | $997.5M | $1.06B | $1.07B | $1.31B | $1.11B | $1.07B |
| Dividends paid | — | — | — | $83.4M | $207.7M | $253.6M | $306.8M | $370.0M | $424.2M | $479.0M |
| Share buybacks | $545.7M | $854.5M | $795.6M | $467.0M | $859.3M | $582.6M | $431.7M | $100.0M | $200.0M | $497.8M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $667.6M | $693.7M | $664.2M | $699.0M | $732.3M | $719.6M | $703.4M | $715.3M |
| Growth (year over year) | −2.2% | +2.8% | +1.0% | +5.8% | +9.7% | +3.7% | +5.9% | +2.3% |
| Gross profit | $517.3M | $541.6M | $510.6M | $526.9M | $542.5M | $544.2M | $532.1M | $539.3M |
| Gross margin | 77.5% | 78.1% | 76.9% | 75.4% | 74.1% | 75.6% | 75.6% | 75.4% |
| Operating income | $375.6M | $382.3M | $334.9M | $334.8M | $374.2M | $298.9M | $342.8M | $351.9M |
| Operating margin | 56.3% | 55.1% | 50.4% | 47.9% | 51.1% | 41.5% | 48.7% | 49.2% |
| Net income | $258.5M | $173.6M | $220.7M | $225.8M | $236.8M | $370.3M | $184.8M | $198.8M |
| Net margin | 38.7% | 25.0% | 33.2% | 32.3% | 32.3% | 51.5% | 26.3% | 27.8% |
| EPS (diluted) | $2.40 | $1.61 | $2.04 | $2.09 | $2.20 | $3.47 | $1.74 | $1.87 |
| Balance sheet | ||||||||
| Cash and equivalents | $186.3M | $189.8M | $636.4M | $275.3M | $430.3M | $264.6M | $269.1M | $327.1M |
| Total assets | $10.2B | $11.4B | $10.4B | $10.8B | $11.3B | $11.6B | $11.7B | $11.7B |
| Total liabilities | $15.4B | $16.5B | $15.4B | $15.7B | $16.2B | $16.4B | $16.5B | $16.4B |
| Long-term debt | $12.3B | $12.4B | $11.7B | $11.7B | $11.9B | $11.0B | $10.3B | $9.15B |
| Shareholders' equity | −$5.17B | −$5.11B | −$4.97B | −$4.94B | −$4.93B | −$4.85B | −$4.75B | −$4.63B |
| Cash flow | ||||||||
| Operating cash flow | $304.7M | $310.2M | $301.2M | $368.1M | $318.0M | $304.0M | $255.1M | $407.2M |
| Capital expenditure | $272.3M | −$193.6M | $46.2M | $646.9M | $74.7M | −$543.0M | $48.4M | $62.4M |
| Free cash flow | $32.4M | $503.8M | $255.0M | −$278.8M | $243.3M | $847.0M | $206.7M | $344.8M |
| Dividends paid | $105.3M | $105.4M | $122.3M | $119.4M | $119.1M | $118.2M | $135.2M | $132.7M |
| Share buybacks | $0 | $0 | — | — | $150.8M | $216.3M | — | — |
From SBA Communications's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
SBA Communications vs the Real Estate sector and the S&P 500
SBA Communications's latest reported figures next to the median of the other 29 S&P 500 Real Estate companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | SBA Communications | Real Estate (29 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +5.1% | +5.1% | +7.0% |
| Net margin, latest fiscal year | 37.4% | 21.4% | 12.9% |
| Share price change, 1 year | −8.5% | −3.2% | +7.5% |
SBA Communications: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, SBA Communications included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 29/496, net margin 29/496, 1-year price change 29/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.
About SBA Communications
SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa. It was founded in 1989 as Steven Bernstein and Associates by Steven Bernstein.
Source: Wikipedia — SBA Communications
- Headquarters
- Boca Raton, Florida From SEC filings, Oct 2026
Recent News (11)
-
Is It Wise to Retain SBA Communications Stock in Your Portfolio Now? Is It Wise to Retain SBA Communications Stock in Your Portfolio Now? The Globe and Mail
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SBA Communications at RBC conference: eyes 6g, buybacks and growth
SBA Communications at RBC conference: eyes 6g, buybacks and growth
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SBA Communications stock hits 52-week low at 162.4 USD
SBA Communications stock hits 52-week low at 162.4 USD
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SBA Communications Stock: Is SBAC Underperforming the Real Estate Sector?
SBA Communications Stock: Is SBAC Underperforming the Real Estate Sector?
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SBA Communications: The Turnaround Setup Is Getting More Interesting (SBAC) SBA Communications: The Turnaround Setup Is Getting More Interesting (SBAC) Seeking Alpha
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SBA Communications at Citi conference: eyes 2028 growth inflection
SBA Communications at Citi conference: eyes 2028 growth inflection
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SBA Communications (SBAC) Wins Investment Grade While Profits Slide
SBA Communications (SBAC) Wins Investment Grade While Profits Slide
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SBA Communications Corporation: Fast-Growing Dividend, Undervalued (NASDAQ:SBAC) SBA Communications Corporation: Fast-Growing Dividend, Undervalued (NASDAQ:SBAC) Seeking Alpha
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SBA Communications Stock Outlook: Is Wall Street Bullish or Bearish?
SBA Communications Stock Outlook: Is Wall Street Bullish or Bearish?
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SBA Communications director Krouse sells $54,802 in SBAC shares
SBA Communications director Krouse sells $54,802 in SBAC shares
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SBA Communications Q2 Earnings Call Highlights SBA Communications Q2 Earnings Call Highlights
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