SBA Communications Corp
NASDAQ:SBAC

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SBA Communications Corp
NASDAQ:SBAC
Watchlist
Price: 190.135 USD -0.44%
Market Cap: 20.4B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+10%
5Y
+35%
10Y
+70%
Operating Income
+
3Y
+64%
5Y
+132%
10Y
+278%
Net Income
+
3Y
+111%
5Y
-
10Y
-

Earnings Waterfall
SBA Communications Corp

Revenue
2.8B USD
Cost of Revenue
-667.7m USD
Gross Profit
2.1B USD
Operating Expenses
-547.8m USD
Operating Income
1.6B USD
Other Expenses
-716.8m USD
Net Income
857m USD

Income Statement
SBA Communications Corp

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
77
76
71
64
88
63
73
81
96
83
72
61
79
47
45
44
70
42
55
75
100
108
110
104
115
102
105
109
149
119
124
134
191
152
159
159
219
159
160
165
234
192
216
225
279
280
294
317
314
314
319
333
337
339
339
335
343
350
356
358
353
348
343
340
349
359
374
388
399
408
413
414
416
415
415
415
413
416
420
423
420
411
405
402
420
442
455
463
457
446
442
438
449
457
473
491
Revenue
225
N/A
248
+10%
254
+2%
252
-1%
215
-15%
203
-5%
186
-9%
173
-7%
192
+11%
196
+2%
206
+5%
217
+5%
232
+7%
239
+3%
246
+3%
253
+3%
260
+3%
270
+4%
295
+9%
327
+11%
351
+7%
378
+8%
391
+3%
396
+1%
408
+3%
422
+3%
434
+3%
450
+4%
475
+6%
500
+5%
524
+5%
545
+4%
556
+2%
569
+2%
587
+3%
606
+3%
627
+3%
646
+3%
663
+3%
680
+3%
698
+3%
723
+4%
781
+8%
844
+8%
954
+13%
1 075
+13%
1 170
+9%
1 263
+8%
1 305
+3%
1 337
+2%
1 396
+4%
1 458
+4%
1 527
+5%
1 592
+4%
1 619
+2%
1 636
+1%
1 639
+0%
1 628
-1%
1 623
0%
1 624
+0%
1 633
+1%
1 657
+1%
1 679
+1%
1 701
+1%
1 728
+2%
1 763
+2%
1 792
+2%
1 825
+2%
1 866
+2%
1 901
+2%
1 944
+2%
1 985
+2%
2 015
+2%
2 038
+1%
2 046
+0%
2 061
+1%
2 083
+1%
2 115
+2%
2 183
+3%
2 250
+3%
2 309
+3%
2 380
+3%
2 456
+3%
2 543
+4%
2 634
+4%
2 689
+2%
2 716
+1%
2 723
+0%
2 712
0%
2 694
-1%
2 676
-1%
2 661
-1%
2 680
+1%
2 686
+0%
2 725
+1%
2 789
+2%
Gross Profit
Cost of Revenue
(139)
(146)
(150)
(150)
(128)
(119)
(105)
(93)
(107)
(110)
(117)
(124)
(129)
(136)
(140)
(143)
(140)
(143)
(149)
(156)
(157)
(160)
(159)
(161)
(163)
(166)
(166)
(165)
(168)
(173)
(177)
(180)
(181)
(183)
(189)
(195)
(199)
(203)
(203)
(204)
(203)
(204)
(221)
(240)
(280)
(328)
(366)
(397)
(408)
(405)
(408)
(417)
(429)
(442)
(447)
(447)
(444)
(436)
(430)
(424)
(421)
(429)
(432)
(438)
(446)
(451)
(456)
(461)
(469)
(477)
(487)
(494)
(493)
(485)
(472)
(470)
(477)
(491)
(515)
(534)
(546)
(569)
(599)
(636)
(669)
(680)
(668)
(641)
(613)
(586)
(573)
(574)
(582)
(597)
(628)
(668)
Gross Profit
86
N/A
102
+18%
104
+2%
102
-2%
86
-15%
84
-3%
81
-4%
79
-2%
86
+8%
86
+1%
89
+3%
93
+5%
103
+10%
103
N/A
106
+3%
111
+4%
120
+8%
128
+6%
146
+15%
171
+17%
195
+14%
218
+12%
232
+6%
236
+2%
245
+4%
256
+5%
268
+5%
285
+6%
307
+8%
328
+7%
347
+6%
365
+5%
375
+3%
385
+3%
398
+3%
412
+4%
427
+4%
443
+4%
460
+4%
475
+3%
495
+4%
519
+5%
561
+8%
604
+8%
675
+12%
747
+11%
804
+8%
866
+8%
897
+4%
933
+4%
988
+6%
1 041
+5%
1 099
+6%
1 149
+5%
1 172
+2%
1 189
+2%
1 194
+0%
1 192
0%
1 193
+0%
1 200
+1%
1 212
+1%
1 228
+1%
1 247
+2%
1 263
+1%
1 281
+1%
1 312
+2%
1 336
+2%
1 364
+2%
1 397
+2%
1 423
+2%
1 457
+2%
1 491
+2%
1 522
+2%
1 554
+2%
1 574
+1%
1 591
+1%
1 607
+1%
1 624
+1%
1 668
+3%
1 716
+3%
1 763
+3%
1 811
+3%
1 857
+3%
1 906
+3%
1 965
+3%
2 009
+2%
2 047
+2%
2 082
+2%
2 099
+1%
2 108
+0%
2 103
0%
2 087
-1%
2 098
+1%
2 089
0%
2 096
+0%
2 122
+1%
Operating Income
Operating Expenses
(108)
(127)
(127)
(128)
(128)
(127)
(126)
(124)
(124)
(124)
(127)
(128)
(119)
(125)
(124)
(122)
(115)
(145)
(132)
(154)
(175)
(253)
(205)
(209)
(215)
(222)
(230)
(241)
(260)
(278)
(294)
(307)
(311)
(318)
(323)
(329)
(337)
(346)
(355)
(364)
(372)
(381)
(400)
(425)
(481)
(527)
(578)
(615)
(619)
(642)
(666)
(697)
(730)
(763)
(767)
(774)
(775)
(764)
(780)
(780)
(782)
(785)
(770)
(772)
(774)
(782)
(795)
(803)
(815)
(835)
(857)
(872)
(890)
(900)
(901)
(912)
(916)
(920)
(921)
(915)
(920)
(921)
(931)
(949)
(969)
(988)
(993)
(999)
(984)
(875)
(756)
(635)
(528)
(514)
(529)
(548)
Selling, General & Administrative
(42)
(40)
(38)
(36)
(33)
(32)
(30)
(29)
(31)
(30)
(30)
(29)
(29)
(29)
(29)
(28)
(28)
(30)
(34)
(39)
(42)
(44)
(44)
(45)
(46)
(45)
(46)
(47)
(49)
(50)
(51)
(52)
(53)
(55)
(56)
(58)
(58)
(60)
(61)
(62)
(63)
(64)
(66)
(68)
(72)
(75)
(79)
(83)
(86)
(90)
(94)
(98)
(103)
(109)
(111)
(113)
(115)
(116)
(135)
(139)
(143)
(147)
(133)
(133)
(131)
(133)
(135)
(137)
(143)
(157)
(177)
(184)
(193)
(191)
(185)
(191)
(194)
(196)
(201)
(204)
(220)
(231)
(240)
(255)
(262)
(272)
(272)
(271)
(268)
(264)
(263)
(259)
(259)
(256)
(265)
(271)
Depreciation & Amortization
(66)
(87)
(89)
(91)
(96)
(95)
(96)
(95)
(94)
(95)
(97)
(98)
(91)
(96)
(95)
(94)
(87)
(87)
(98)
(116)
(133)
(152)
(161)
(165)
(169)
(176)
(184)
(194)
(211)
(228)
(243)
(255)
(259)
(262)
(267)
(272)
(279)
(286)
(294)
(302)
(309)
(316)
(334)
(357)
(409)
(452)
(499)
(531)
(533)
(552)
(572)
(598)
(627)
(655)
(656)
(661)
(660)
(648)
(645)
(641)
(638)
(637)
(637)
(639)
(643)
(649)
(660)
(665)
(672)
(678)
(680)
(687)
(697)
(709)
(716)
(721)
(722)
(723)
(720)
(711)
(700)
(691)
(692)
(694)
(708)
(716)
(721)
(728)
(716)
(611)
(493)
(376)
(270)
(258)
(264)
(277)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(28)
0
0
0
(57)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
(22)
N/A
(25)
-15%
(23)
+10%
(26)
-12%
(42)
-64%
(43)
-3%
(45)
-4%
(45)
+2%
(39)
+13%
(38)
+3%
(37)
+1%
(34)
+8%
(17)
+52%
(22)
-32%
(17)
+21%
(12)
+34%
5
N/A
(17)
N/A
14
N/A
17
+25%
19
+12%
(35)
N/A
27
N/A
26
-3%
30
+14%
35
+15%
38
+9%
44
+16%
47
+7%
50
+6%
54
+8%
58
+8%
64
+10%
68
+6%
74
+10%
82
+11%
90
+9%
98
+8%
105
+7%
111
+6%
123
+11%
138
+12%
161
+16%
179
+11%
194
+8%
219
+13%
226
+3%
251
+11%
278
+11%
291
+5%
322
+11%
344
+7%
368
+7%
386
+5%
405
+5%
416
+3%
419
+1%
429
+2%
413
-4%
419
+2%
431
+3%
443
+3%
476
+8%
491
+3%
508
+3%
530
+4%
541
+2%
561
+4%
582
+4%
588
+1%
601
+2%
619
+3%
632
+2%
654
+3%
673
+3%
679
+1%
690
+2%
705
+2%
747
+6%
801
+7%
843
+5%
890
+6%
926
+4%
957
+3%
995
+4%
1 022
+3%
1 054
+3%
1 083
+3%
1 115
+3%
1 233
+11%
1 346
+9%
1 453
+8%
1 570
+8%
1 575
+0%
1 568
0%
1 574
+0%
Pre-Tax Income
Interest Income Expense
(70)
(72)
(70)
(64)
(88)
(63)
(72)
(80)
(95)
(82)
(71)
(61)
(79)
(46)
(44)
(43)
(68)
(39)
(51)
(71)
(96)
(104)
(104)
(96)
(104)
(91)
(96)
(101)
(143)
(114)
(120)
(131)
(190)
(151)
(158)
(159)
(219)
(159)
(160)
(165)
(234)
(192)
(216)
(225)
(278)
(278)
(292)
(315)
(312)
(313)
(318)
(333)
(337)
(338)
(338)
(333)
(339)
(345)
(348)
(349)
(342)
(336)
(330)
(328)
(337)
(349)
(365)
(380)
(392)
(401)
(405)
(407)
(410)
(406)
(407)
(408)
(410)
(414)
(418)
(421)
(416)
(406)
(399)
(394)
(410)
(431)
(441)
(448)
(438)
(423)
(417)
(411)
(407)
(411)
(427)
(446)
Non-Reccuring Items
(30)
(79)
(95)
(72)
(72)
(19)
(18)
(18)
(39)
(61)
(47)
(48)
(49)
(28)
(34)
(32)
(30)
0
(74)
(73)
(57)
0
(4)
(4)
(0)
(0)
0
(1)
43
49
50
37
(14)
(22)
(73)
(63)
(65)
(67)
(18)
(17)
(14)
(11)
(53)
(81)
(99)
(108)
(78)
(58)
(54)
(59)
(59)
(70)
(58)
(52)
(47)
(90)
(107)
(109)
(116)
(93)
(96)
(98)
(93)
(64)
(51)
(52)
(64)
(63)
(53)
(49)
(36)
(40)
(49)
(76)
(74)
(76)
(76)
(63)
(64)
(65)
(100)
(92)
(95)
(95)
(70)
(89)
(112)
(135)
(191)
(214)
(214)
(194)
(140)
(129)
(142)
(149)
Total Other Income
(0)
(7)
(14)
(21)
(0)
(27)
(21)
(15)
0
(11)
(17)
(23)
0
(28)
(28)
(27)
0
(24)
(19)
(13)
1
(1)
0
0
(16)
(23)
(33)
(44)
(14)
(49)
(51)
(54)
0
(55)
(58)
(59)
0
(61)
(62)
(63)
(0)
(48)
(27)
(29)
6
(12)
(17)
35
31
49
50
17
11
(91)
(77)
(189)
(139)
(10)
22
132
94
63
(3)
18
(2)
(13)
(84)
(129)
(86)
(91)
12
3
14
(216)
(260)
(269)
(222)
(84)
56
29
(74)
122
(53)
(23)
11
(60)
47
38
63
(19)
(165)
(93)
(250)
(174)
(25)
(13)
Pre-Tax Income
(122)
N/A
(183)
-50%
(202)
-10%
(183)
+9%
(202)
-10%
(153)
+25%
(156)
-2%
(158)
-1%
(173)
-10%
(192)
-11%
(173)
+10%
(166)
+4%
(143)
+14%
(124)
+14%
(124)
0%
(113)
+8%
(93)
+18%
(80)
+13%
(130)
-62%
(140)
-8%
(133)
+5%
(140)
-5%
(80)
+43%
(73)
+9%
(91)
-25%
(80)
+12%
(91)
-14%
(101)
-11%
(66)
+35%
(65)
+2%
(68)
-5%
(91)
-34%
(141)
-55%
(160)
-14%
(215)
-34%
(199)
+8%
(193)
+3%
(190)
+2%
(135)
+29%
(134)
+1%
(125)
+7%
(112)
+10%
(136)
-21%
(155)
-14%
(177)
-14%
(179)
-1%
(160)
+10%
(86)
+46%
(57)
+33%
(31)
+46%
(5)
+86%
(42)
-829%
(16)
+62%
(95)
-504%
(57)
+40%
(195)
-243%
(167)
+15%
(35)
+79%
(31)
+12%
110
N/A
87
-20%
72
-17%
50
-31%
117
+132%
117
+0%
116
-1%
28
-76%
(11)
N/A
52
N/A
48
-8%
171
+258%
176
+3%
187
+6%
(44)
N/A
(68)
-56%
(74)
-8%
(18)
+76%
144
N/A
321
+123%
345
+7%
253
-27%
514
+104%
380
-26%
445
+17%
526
+18%
441
-16%
548
+24%
539
-2%
549
+2%
576
+5%
550
-4%
755
+37%
773
+2%
861
+11%
975
+13%
966
-1%
Net Income
Tax Provision
(2)
(2)
(2)
(2)
(0)
(0)
(0)
0
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(1)
(1)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
(0)
(1)
(1)
(2)
(2)
(2)
(2)
(3)
(5)
(5)
(7)
(5)
(4)
(3)
1
(1)
(1)
(2)
(9)
(10)
(10)
(11)
(9)
(8)
(8)
(8)
(11)
(12)
(14)
(16)
18
13
35
40
(10)
(12)
(46)
(45)
(40)
37
53
59
42
(4)
(51)
(50)
(15)
(76)
(26)
(39)
(66)
(69)
(43)
(48)
(51)
(25)
(41)
(76)
(24)
(49)
(96)
(103)
Income from Continuing Operations
(124)
(185)
(204)
(185)
(202)
(153)
(156)
(158)
(175)
(194)
(174)
(167)
(144)
(124)
(125)
(114)
(95)
(82)
(132)
(141)
(133)
(141)
(80)
(73)
(92)
(81)
(92)
(102)
(67)
(66)
(69)
(92)
(141)
(161)
(215)
(200)
(194)
(192)
(138)
(136)
(127)
(115)
(140)
(160)
(184)
(183)
(165)
(89)
(56)
(32)
(6)
(44)
(24)
(105)
(67)
(206)
(176)
(43)
(39)
102
76
60
37
101
135
129
63
29
41
36
125
131
147
(7)
(15)
(15)
24
140
270
295
238
438
354
406
460
372
505
491
497
551
509
679
749
812
878
863
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
1
0
0
0
(1)
(1)
(0)
0
0
1
1
2
2
3
5
4
4
5
6
1
4
0
(6)
Net Income (Common)
(126)
N/A
(266)
-111%
(266)
+0%
(248)
+7%
(267)
-8%
(137)
+49%
(182)
-32%
(170)
+7%
(175)
-3%
(193)
-10%
(152)
+21%
(160)
-5%
(147)
+8%
(128)
+13%
(128)
+0%
(115)
+10%
(95)
+17%
(82)
+13%
(132)
-60%
(141)
-8%
(133)
+6%
(141)
-5%
(80)
+43%
(73)
+8%
(92)
-25%
(81)
+12%
(92)
-14%
(102)
-11%
(67)
+34%
(66)
+2%
(69)
-5%
(91)
-33%
(141)
-54%
(160)
-14%
(215)
-34%
(199)
+7%
(195)
+2%
(192)
+2%
(138)
+28%
(137)
+1%
(127)
+7%
(115)
+9%
(139)
-21%
(158)
-14%
(181)
-15%
(181)
+0%
(163)
+10%
(89)
+45%
(56)
+37%
(32)
+42%
(6)
+82%
(44)
-657%
(24)
+45%
(105)
-331%
(67)
+36%
(206)
-208%
(176)
+15%
(43)
+76%
(39)
+10%
102
N/A
76
-25%
60
-21%
37
-39%
101
+176%
104
+2%
98
-6%
31
-68%
(2)
N/A
48
N/A
42
-12%
131
+213%
137
+4%
147
+7%
(6)
N/A
(15)
-153%
(14)
+6%
24
N/A
140
+479%
269
+93%
295
+9%
238
-19%
438
+84%
355
-19%
407
+15%
461
+13%
374
-19%
508
+36%
496
-2%
502
+1%
555
+11%
514
-7%
685
+33%
750
+9%
816
+9%
879
+8%
857
-2%
EPS (Diluted)
-2.65
N/A
-5.42
-105%
-5.19
+4%
-4.89
+6%
-5.28
-8%
-2.68
+49%
-3.55
-32%
-3.23
+9%
-3.35
-4%
-3.48
-4%
-2.66
+24%
-2.75
-3%
-2.52
+8%
-1.95
+23%
-1.81
+7%
-1.53
+15%
-1.28
+16%
-0.95
+26%
-1.34
-41%
-1.36
-1%
-1.36
N/A
-1.33
+2%
-0.77
+42%
-0.71
+8%
-0.87
-23%
-0.74
+15%
-0.86
-16%
-0.95
-10%
-0.61
+36%
-0.55
+10%
-0.58
-5%
-0.78
-34%
-1.2
-54%
-1.37
-14%
-1.84
-34%
-1.73
+6%
-1.68
+3%
-1.66
+1%
-1.21
+27%
-1.23
-2%
-1.13
+8%
-0.96
+15%
-1.14
-19%
-1.29
-13%
-1.52
-18%
-1.42
+7%
-1.27
+11%
-0.65
+49%
-0.44
+32%
-0.26
+41%
-0.05
+81%
-0.34
-580%
-0.19
+44%
-0.81
-326%
-0.52
+36%
-1.62
-212%
-1.37
+15%
-0.33
+76%
-0.29
+12%
0.82
N/A
0.61
-26%
0.49
-20%
0.31
-37%
0.84
+171%
0.85
+1%
0.82
-4%
0.26
-68%
-0.01
N/A
0.4
N/A
0.36
-10%
1.14
+217%
1.18
+4%
1.28
+8%
-0.05
N/A
-0.13
-160%
-0.12
+8%
0.21
N/A
1.27
+505%
2.35
+85%
2.63
+12%
2.14
-19%
4
+87%
3.23
-19%
3.71
+15%
4.22
+14%
3.42
-19%
4.65
+36%
4.54
-2%
4.61
+2%
5.1
+11%
4.77
-6%
6.34
+33%
6.94
+9%
7.56
+9%
8.14
+8%
7.96
-2%

See Also

Summary
SBAC intrinsic value, competitors valuation, and company profile.
DCF Valuation
SBAC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SBAC stock valuation using valuation multiples.
Wall Street Estimates
SBAC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SBAC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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