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SBACNasdaqSEC EDGAREDGAR

SBA COMMUNICATIONS CORP

Real Estate Investment Trusts·BOCA RATON, FL·FY end 12/31·CIK 1034054
OverviewFinancialsCompensationGovernanceInsidersFilings

Financials

5-year history · USD
MetricFY 2025FY 2024FY 2023FY 2022FY 2021Trend
Revenue$719.6M$693.7M$675.0M$686.1M$595.3M
Gross Profit$2.1B$2.1B$2.1B$2.0B$1.8B
Operating Income$298.9M$382.3M$209.7M$234.7M$197.4M
Net Income$370.3M$173.6M$109.5M$103.3M$48.9M
Operating CF$1.3B$1.3B$1.5B$1.3B$1.2B
Capex$224.8M$228.1M$236.7M$214.4M$133.7M
Free Cash Flow$1.1B$1.1B$1.3B$1.1B$1.1B
Buybacks$497.8M$200.0M$100.0M$431.7M$582.6M
Dividends——————
Gross Margin295.2%302.4%310.9%286.4%296.2%
Operating Margin41.5%55.1%31.1%34.2%33.2%
Net Margin51.5%25.0%16.2%15.1%8.2%
FCF Margin148.2%159.5%193.7%156.1%177.4%
R&D / Revenue——————
Effective Tax15.1%3.1%9.3%12.6%5.9%
Debt / Equity-4.92-5.09-4.64-4.87-4.65
Buybacks / FCF46.7%18.1%7.6%40.3%55.2%

Peer comparison

Real Estate Investment Trusts · 5 peers
CEO Pay Ratio
SBAC
131:1
BXP
5:1
EQIX
178:1
RITM
268:1
NLY
—
VTR
142:1
CEO total comp
SBAC
$11M
BXP
$23M
EQIX
$23M
RITM
$20M
NLY
$19M
VTR
$18M
Net Margin
SBAC
51.5%
BXP
7.9%
EQIX
14.6%
RITM
15.2%
NLY
—
VTR
—