SBA COMMUNICATIONS CORP
Company Stats
- Market Cap
- $17.0B
- as of Sep 30, 2026
- Shares Outstanding
- 106.1M
- Free Float
- 91.0%
Income Statement
- Revenue
- $2.8B
- Operating Income
- $1.3B
- Net Income
- $1.1B
- EBITDA
- $1.6B
- Non-cash Impairment
- $184.2M
- Revenue Growth, 3Y
- 2.2%
- FCF Margin, 3Y Avg
- 42.5%
- FCF Margin, Worst Year
- 37.9%
Cash Flow
- Free Cash Flow
- $1.1B
- FCF Yield
- 6.3%
- Owner FCF Yield
- 5.8%
Balance Sheet
- Cash & Equivalents
- $264.6M
Returns & Capital
- Dividends Paid
- $479.0M
- Dividend Yield
- 2.8%
- Dividend Payout, 3Y Avg
- 58.6%
- Share Repurchases
- $497.8M
- Buyback Yield, 3Y Avg
- 1.6%
- SBC, 3Y Avg
- $79.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $2.8B | $1.1B | 37.9% |
| FY2024 | $2.7B | $1.1B | 41.3% |
| FY2023 | $2.7B | $1.3B | 48.2% |
| FY2022 | $2.6B | $1.1B | 40.7% |
| FY2021 | $2.3B | $1.1B | 45.7% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges