SBA Communications Corporation (SBAC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 703.44M | 719.58M | 732.33M | 698.98M | 664.25M | 693.7M | 667.6M | 660.48M | 657.86M | 675.02M | 682.54M | 678.5M | 675.52M | 686.09M | 675.58M | 652.01M | 619.77M | 595.14M | 589.3M | 575.53M |
| Revenue Growth % | 5.9% | 3.73% | 9.7% | 5.83% | 0.97% | 2.77% | -2.19% | -2.66% | -2.61% | -1.61% | 1.03% | 4.06% | 8.99% | 15.28% | 14.64% | 13.29% | 12.94% | 11.05% | 12.69% | 13.47% |
| Property Operating Expenses | 171.34M | 499.37M | 189.79M | 177.98M | 161.04M | 158.7M | 155.73M | 147.84M | 145.41M | 149.35M | 155.38M | 159.2M | 170.36M | 180.19M | 184.4M | 172.84M | 158.03M | 149.9M | 145.75M | 142.55M |
| Net Operating Income (NOI) | 532.1M | 220.21M | 542.54M | 521M | 503.2M | 535M | 511.87M | 512.63M | 512.45M | 525.68M | 527.16M | 519.3M | 505.15M | 505.9M | 491.19M | 479.17M | 461.74M | 445.24M | 443.55M | 432.98M |
| NOI Margin % | 75.64% | 30.6% | 74.08% | 74.54% | 75.76% | 77.12% | 76.67% | 77.62% | 77.9% | 77.88% | 77.23% | 76.54% | 74.78% | 73.74% | 72.71% | 73.49% | 74.5% | 74.81% | 75.27% | 75.23% |
| Operating Expenses | 189.25M | -87.61M | 168.37M | 186.22M | 168.29M | 152.66M | 136.27M | 158.16M | 189.1M | 315.99M | 278.56M | 278.07M | 281.01M | 271.24M | 248.2M | 248.19M | 244.96M | 247.86M | 231.78M | 233.21M |
| G&A Expenses | 70.55M | 74.36M | 66.34M | 70.85M | 66.06M | 68.8M | 59.29M | 62.29M | 68.45M | 67.52M | 64.52M | 63.18M | 71.91M | 70.31M | 65.54M | 63.01M | 60.89M | 63.26M | 50.77M | 53.71M |
| EBITDA | 424.16M | 469.8M | 451.05M | 404.75M | 399.96M | 447.41M | 439.11M | 418.65M | 400.11M | 381.09M | 429.28M | 423.05M | 406.56M | 417.7M | 416.81M | 407.37M | 391.1M | 367.27M | 382.69M | 375.23M |
| EBITDA Margin % | 60.3% | 65.29% | 61.59% | 57.91% | 60.21% | 64.5% | 65.78% | 63.39% | 60.82% | 56.46% | 62.89% | 62.35% | 60.18% | 60.88% | 61.7% | 62.48% | 63.1% | 61.71% | 64.94% | 65.2% |
| Depreciation & Amortization | 81.32M | 161.98M | 76.88M | 69.96M | 65.05M | 65.07M | 63.52M | 64.18M | 76.75M | 171.4M | 180.67M | 181.82M | 182.41M | 183.03M | 173.82M | 176.39M | 174.32M | 169.9M | 170.92M | 175.47M |
| D&A / Revenue % | 11.56% | 22.51% | 10.5% | 10.01% | 9.79% | 9.38% | 9.51% | 9.72% | 11.67% | 25.39% | 26.47% | 26.8% | 27% | 26.68% | 25.73% | 27.05% | 28.13% | 28.55% | 29% | 30.49% |
| Operating Income | 342.85M | 307.82M | 374.17M | 334.78M | 334.91M | 382.34M | 375.6M | 354.47M | 323.36M | 209.69M | 248.6M | 241.23M | 224.14M | 234.66M | 242.99M | 230.98M | 216.78M | 197.38M | 211.78M | 199.76M |
| Operating Margin % | 48.74% | 42.78% | 51.09% | 47.9% | 50.42% | 55.12% | 56.26% | 53.67% | 49.15% | 31.06% | 36.42% | 35.55% | 33.18% | 34.2% | 35.97% | 35.43% | 34.98% | 33.17% | 35.94% | 34.71% |
| Interest Expense | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | 2.55x | 4.49x | 3.41x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-Operating Income | 0 | -248.41M | -35.07M | -43.93M | -33.03M | -15.09M | -9.62M | -25.93M | -38.65M | -72.66M | -29.3M | -25.21M | -24.29M | -17.6M | -8.23M | -8.62M | -8.38M | -13.75M | -9.45M | -3.48M |
| Pretax Income | 236.01M | 432.28M | 289.08M | 260.75M | 259.93M | 155.87M | 298.21M | 147.12M | 171.47M | 138.42M | 93.22M | 172.79M | 144.06M | 128.82M | 102.64M | 65.59M | 228.78M | 48.35M | 36.96M | 199.92M |
| Pretax Margin % | 33.55% | 60.07% | 39.47% | 37.3% | 39.13% | 22.47% | 44.67% | 22.27% | 26.06% | 20.51% | 13.66% | 25.47% | 21.33% | 18.78% | 15.19% | 10.06% | 36.91% | 8.12% | 6.27% | 34.74% |
| Income Tax | 51.11M | 61.85M | 48.65M | 35.06M | 42.02M | -22.92M | 42.32M | -12.34M | 16.93M | 28.9M | 7.86M | -29.18M | 43.51M | 26.25M | 2.88M | -3.56M | 40.48M | -554K | -10.83M | 47.25M |
| Effective Tax Rate % | 21.66% | 14.31% | 16.83% | 13.45% | 16.17% | -14.7% | 14.19% | -8.39% | 9.87% | 20.87% | 8.43% | -16.89% | 30.2% | 20.37% | 2.81% | -5.43% | 17.69% | -1.15% | -29.31% | 23.63% |
| Net Income | 184.83M | 370.29M | 236.82M | 225.79M | 220.73M | 173.63M | 258.53M | 162.83M | 154.54M | 109.53M | 87.42M | 203.65M | 101.22M | 103.28M | 100.01M | 69.52M | 188.62M | 48.9M | 47.8M | 152.67M |
| Net Margin % | 26.28% | 51.46% | 32.34% | 32.3% | 33.23% | 25.03% | 38.73% | 24.65% | 23.49% | 16.23% | 12.81% | 30.01% | 14.98% | 15.05% | 14.8% | 10.66% | 30.43% | 8.22% | 8.11% | 26.53% |
| Net Income Growth % | -16.27% | 113.26% | -8.4% | 38.67% | 42.83% | 58.53% | 195.74% | -20.04% | 52.68% | 6.05% | -12.59% | 192.95% | -46.34% | 111.19% | 109.23% | -54.47% | 1705.99% | -53.77% | 111.8% | 569.22% |
| Funds From Operations (FFO) | 266.15M | 532.27M | 313.7M | 295.76M | 285.78M | 238.7M | 322.05M | 227.01M | 231.29M | 280.93M | 268.09M | 385.47M | 283.63M | 286.31M | 273.83M | 245.91M | 362.95M | 218.8M | 218.71M | 328.14M |
| FFO Margin % | 37.84% | 73.97% | 42.84% | 42.31% | 43.02% | 34.41% | 48.24% | 34.37% | 35.16% | 41.62% | 39.28% | 56.81% | 41.99% | 41.73% | 40.53% | 37.72% | 58.56% | 36.76% | 37.11% | 57.02% |
| FFO Growth % | -6.87% | 122.98% | -2.59% | 30.28% | 23.56% | -15.03% | 20.13% | -41.11% | -18.45% | -1.88% | -2.1% | 56.75% | -21.85% | 30.86% | 25.2% | -25.06% | 110.85% | -23.54% | 7.81% | 62.83% |
| FFO per Share | 2.51 | 4.99 | 2.91 | 2.74 | 2.64 | 2.21 | 2.98 | 2.11 | 2.13 | 2.59 | 2.46 | 3.54 | 2.60 | 2.62 | 2.50 | 2.25 | 3.31 | 1.98 | 1.96 | 2.95 |
| FFO Payout Ratio % | 50.8% | 22.21% | 37.98% | 40.36% | 42.79% | 44.15% | 32.71% | 46.4% | 46.75% | 32.66% | 34.37% | 23.9% | 33.12% | 26.78% | 28% | 31.14% | 21.18% | 28.85% | 29.06% | 19.35% |
| EPS (Diluted) | 1.74 | 3.47 | 2.21 | 2.09 | 2.04 | 1.61 | 2.40 | 1.51 | 1.42 | 1.01 | 0.80 | 1.87 | 0.93 | 0.95 | 0.91 | 0.64 | 1.72 | 0.44 | 0.43 | 1.37 |
| EPS Growth % | -14.71% | 115.53% | -7.92% | 38.41% | 43.66% | 59.41% | 200% | -19.25% | 52.69% | 6.32% | -12.09% | 192.19% | -45.93% | 115.91% | 111.63% | -53.28% | 1663.64% | -53.19% | 115% | 585% |
| EPS (Basic) | 1.75 | 3.48 | 2.21 | 2.10 | 2.05 | 1.61 | 2.41 | 1.52 | 1.43 | 1.01 | 0.81 | 1.88 | 0.94 | 0.96 | 0.93 | 0.64 | 1.75 | 0.45 | 0.44 | 1.40 |
| Diluted Shares Outstanding | 106.11M | 106.65M | 107.83M | 107.8M | 108.14M | 108.11M | 107.92M | 107.68M | 108.62M | 108.58M | 108.89M | 108.88M | 109.27M | 109.3M | 109.36M | 109.35M | 109.54M | 110.73M | 111.56M | 111.3M |