Financials in USD. Standardized financial statements.
A compact view of how SBA Communications Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.82B | $2.68B | $2.71B | $2.63B | $2.31B | $2.08B | $2.01B | $1.87B | $1.73B | $1.63B |
| Revenue Growth? | +5.1% | -1.2% | +3.0% | +14.1% | +10.8% | +3.4% | +8.0% | +8.0% | +5.8% | 0.0% |
| Cost of Revenue? | $1.64B | $607.67M | $634.29M | $695.46M | $573.11M | $493.11M | $508.26M | $479.76M | $458.68M | $434.04M |
| Gross Profit? | $1.17B | $2.07B | $2.08B | $1.94B | $1.74B | $1.59B | $1.51B | $1.39B | $1.27B | $1.20B |
| Gross Margin? | +41.6% | +77.3% | +76.6% | +73.6% | +75.2% | +76.3% | +74.8% | +74.3% | +73.5% | +73.4% |
| Operating Expenses? | -$198.84M | $636.20M | $1.15B | $1.01B | $953.23M | $956.33M | $922.90M | $841.77M | $810.49M | $811.78M |
| Operating Income? | $1.37B | $1.44B | $923.66M | $925.41M | $782.50M | $633.69M | $583.49M | $544.17M | $458.50M | $387.31M |
| EBITDA? | $2.19B | $1.79B | $1.79B | $1.68B | $1.51B | $1.39B | $1.31B | $1.24B | $1.13B | $1.07B |
| Income Before Tax | $1.24B | $772.67M | $548.50M | $525.84M | $252.56M | -$17.75M | $186.89M | $51.68M | $116.89M | $87.30M |
| Income Tax Expense | $187.58M | $23.99M | $51.09M | $66.04M | $14.94M | -$41.80M | $39.60M | $4.23M | $13.24M | $11.06M |
| Net Income? | $1.05B | $749.54M | $501.81M | $461.43M | $237.62M | $24.10M | $146.99M | $47.45M | $103.65M | $76.24M |
| EPS? | $9.83 | $6.96 | $4.64 | $4.27 | $2.17 | $0.22 | $1.30 | $0.41 | $0.86 | $0.61 |
| Diluted EPS? | $9.80 | $6.94 | $4.61 | $4.22 | $2.14 | $0.21 | $1.28 | $0.41 | $0.86 | $0.61 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality