NASDAQ:SBAC
Sba Communications Corp.
Sba Communications Corp.'s revenue grew 5.1% in fiscal 2025 to $2.8B while operating margin fell to 47.7%. Free cash flow was $1.1B, 37.9% of revenue, and the diluted share count fell 0.5%.Summary generated from Sba Communications Corp.'s SEC filings. Latest annual report filed Feb 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$2.8B
Revenue growth+5.1%
Revenue, 5-yr CAGR+6.2%
Gross margin75.5%
Operating margin47.7%
Net margin37.4%
ROIC14.2%
Return on equityn/a
Debt / equityn/a
Free cash flow$1.1B
FCF margin37.9%
Share count change−0.5%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 2,309 | 2,633 | 2,712 | 2,680 | 2,815 |
| Operating income | 782 | 925 | 924 | 1,436 | 1,343 |
| Net income | 238 | 461 | 502 | 750 | 1,054 |
| Free cash flow | 1,056 | 1,071 | 1,308 | 1,107 | 1,067 |
Recent filings
- 8-KNew financial obligation
Sep 25, 2026 - 4Insider transaction report
Aug 19, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 4Insider transaction report
Aug 4, 2026 - 8-KResults of operations and financial condition
Aug 3, 2026 - 8-KEntry into a material agreement
Jul 24, 2026 - 8-KOther events
Jul 23, 2026 - 8-KEntry into a material agreement
Jul 15, 2026