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SBA COMMUNICATIONS CORP

EDGAR

SBAC Quarterly report (10-Q) · filed 2026-08-06

Annual consolidated revenue for 2025: about Unit12 2.815B, using the latest reported figures. The previous period, 2024, was about Unit12 2.68B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

715 million Unit12

2026 Q2 · Unit12

Exact inputs and evidence

Revenue: 715274000 Unit12 Source

Operating margin

49.19%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 351861000 Unit12 Source
Revenue: 715274000 Unit12 Source

Operating cash flow

407 million Unit12

2026 Q2 · Unit12

Exact inputs and evidence

Operating Cash Flow: 662263000 Unit12 Source
Operating Cash Flow: 255085000 Unit12 Source

Free cash flow

345 million Unit12

2026 Q2 · Unit12

Exact inputs and evidence

Operating Cash Flow: 662263000 Unit12 Source
Operating Cash Flow: 255085000 Unit12 Source
Capital Expenditure: 110816000 Unit12 Source
Capital Expenditure: 48397000 Unit12 Source

Cash and cash equivalents: 327 million Unit12 2026-06-30 Source
Exact value

327051000 Unit12
Long-term debt including current maturities: 12.7 billion Unit12 2026-06-30 Source
Exact value

12729222000 Unit12
Shares outstanding: 106 million Unit1 2026-06-30 Source
Exact value

106088000 Unit1

Reported share-count change

-1.30% · -1.4 million Unit1

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

107487000 Unit1 · 2025-06-30· Source
106088000 Unit1 · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

2.87 billion Unit12

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 732327000 Unit12 · 2025-07-01 – 2025-09-30 Source
Revenue: 719583000 Unit12 · 2025-10-01 – 2025-12-31 Source
Revenue: 703438000 Unit12 · 2026-01-01 – 2026-03-31 Source
Revenue: 715274000 Unit12 · 2026-04-01 – 2026-06-30 Source

Net income

991 million Unit12

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 236816000 Unit12 · 2025-07-01 – 2025-09-30 Source
Net income: 370290000 Unit12 · 2025-10-01 – 2025-12-31 Source
Net income: 184830000 Unit12 · 2026-01-01 – 2026-03-31 Source
Net income: 198777000 Unit12 · 2026-04-01 – 2026-06-30 Source

Operating cash flow

1.28 billion Unit12

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 987303000 Unit12 · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 669273000 Unit12 · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 1291328000 Unit12 · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 987303000 Unit12 · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 255085000 Unit12 · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 662263000 Unit12 · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 255085000 Unit12 · 2026-01-01 – 2026-03-31 Source

Capital expenditure

234 million Unit12

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 162091000 Unit12 · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 102038000 Unit12 · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 224819000 Unit12 · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 162091000 Unit12 · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 48397000 Unit12 · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 110816000 Unit12 · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 48397000 Unit12 · 2026-01-01 – 2026-03-31 Source

Free cash flow

1.05 billion Unit12

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: 987303000 Unit12 · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 669273000 Unit12 · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 1291328000 Unit12 · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 987303000 Unit12 · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 255085000 Unit12 · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 662263000 Unit12 · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 255085000 Unit12 · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 162091000 Unit12 · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 102038000 Unit12 · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 224819000 Unit12 · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 162091000 Unit12 · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 48397000 Unit12 · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 110816000 Unit12 · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 48397000 Unit12 · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
liabilities: No compatible figures in this window
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+5.1%

Prior period

Unit12 2.68 billion

2024-01-01 – 2024-12-31
Current period

Unit12 2.82 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

2815139000 − 2679634000 = 135505000 Unit12

2679634000 Unit12 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
2815139000 Unit12 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Year-over-year change in Revenue: 135505000 Unit12 Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 2815139000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9241801 Filing: 000103405426000002 Input fundies:Revenue: 2679634000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9390198 Filing: 000103405426000002
The citation records this snapshot. The page link may show a newer release later.
Net income
+40.6%

Prior period

Unit12 749.54 million

2024-01-01 – 2024-12-31
Current period

Unit12 1.05 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1053632000 − 749536000 = 304096000 Unit12

749536000 Unit12 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1053632000 Unit12 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Year-over-year change in Net income: 304096000 Unit12 Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 1053632000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9827125 Filing: 000103405426000002 Input fundies:NetIncome: 749536000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9829252 Filing: 000103405426000002
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-3.3%

Prior period

Unit12 1.33 billion

2024-01-01 – 2024-12-31
Current period

Unit12 1.29 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1291328000 − 1334866000 = -43538000 Unit12

1334866000 Unit12 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1291328000 Unit12 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Year-over-year change in Operating cash flow: -43538000 Unit12 Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 1291328000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5398768 Filing: 000103405426000002 Input fundies:OperatingCashFlow: 1334866000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5400955 Filing: 000103405426000002
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-1.5%

Prior period

Unit12 228.15 million

2024-01-01 – 2024-12-31
Current period

Unit12 224.82 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

224819000 − 228149000 = -3330000 Unit12

228149000 Unit12 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
224819000 Unit12 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Year-over-year change in Capital expenditure: -3330000 Unit12 Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 224819000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5419378 Filing: 000103405426000002 Input fundies:CapitalExpenditure: 228149000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5421643 Filing: 000103405426000002
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue Unit12 2.82 billion 100% of revenue
Operating costs Derived Unit12 1.47 billion 52% of revenue
Operating income Unit12 1.34 billion 48% of revenue
Tax, interest and other Derived Unit12 289.15 million 10% of revenue
Net income Unit12 1.05 billion 37% of revenue

Cash

Operating cash flow Unit12 1.29 billion 46% of revenue
Capital expenditure Unit12 224.82 million 8% of revenue
Free cash flow Derived Unit12 1.07 billion 38% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 19%76%
2017 21%73%
2018 27%71%
2019 22%71%
2020 29%70%
2021 10%24%66%
2022 18%18%65%
2023 19%16%66%
2024 28%26%46%
2025 37%10%52%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	1633125000	1245817000 Derived	387308000	311070000 Derived	76238000	602543000 Derived	Source 2016-01-01 – 2016-12-31: 1633125000 Unit12 Inspect Revenue Open source 2016-01-01 – 2016-12-31: 387308000 Unit12 Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 76238000 Unit12 Inspect Net Income Open source 2016-01-01 – 2016-12-31: 742525000 Unit12 Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 139982000 Unit12 Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	1727674000	1269173000 Derived	458501000	354847000 Derived	103654000	671426000 Derived	Source 2017-01-01 – 2017-12-31: 1727674000 Unit12 Inspect Revenue Open source 2017-01-01 – 2017-12-31: 458501000 Unit12 Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 103654000 Unit12 Inspect Net Income Open source 2017-01-01 – 2017-12-31: 818470000 Unit12 Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 147044000 Unit12 Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	1865695000	1321529000 Derived	544166000	496715000 Derived	47451000	700806000 Derived	Source 2018-01-01 – 2018-12-31: 1865695000 Unit12 Inspect Revenue Open source 2018-01-01 – 2018-12-31: 544166000 Unit12 Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 47451000 Unit12 Inspect Net Income Open source 2018-01-01 – 2018-12-31: 850618000 Unit12 Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 149812000 Unit12 Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	2014645000	1431157000 Derived	583488000	436497000 Derived	146991000	815809000 Derived	Source 2019-01-01 – 2019-12-31: 2014645000 Unit12 Inspect Revenue Open source 2019-01-01 – 2019-12-31: 583488000 Unit12 Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 146991000 Unit12 Inspect Net Income Open source 2019-01-01 – 2019-12-31: 970045000 Unit12 Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 154236000 Unit12 Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	2083138000	1449444000 Derived	633694000	609590000 Derived	24104000	997467000 Derived	Source 2020-01-01 – 2020-12-31: 2083138000 Unit12 Inspect Revenue Open source 2020-01-01 – 2020-12-31: 633694000 Unit12 Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 24104000 Unit12 Inspect Net Income Open source 2020-01-01 – 2020-12-31: 1126033000 Unit12 Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 128566000 Unit12 Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	2308834000	1526339000 Derived	782495000	544871000 Derived	237624000	1056202000 Derived	Source 2021-01-01 – 2021-12-31: 2308834000 Unit12 Inspect Revenue Open source 2021-01-01 – 2021-12-31: 782495000 Unit12 Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 237624000 Unit12 Inspect Net Income Open source 2021-01-01 – 2021-12-31: 1189896000 Unit12 Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 133694000 Unit12 Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	2633454000	1708046000 Derived	925408000	463979000 Derived	461429000	1071257000 Derived	Source 2022-01-01 – 2022-12-31: 2633454000 Unit12 Inspect Revenue Open source 2022-01-01 – 2022-12-31: 925408000 Unit12 Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 461429000 Unit12 Inspect Net Income Open source 2022-01-01 – 2022-12-31: 1285700000 Unit12 Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 214443000 Unit12 Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	2711584000	1787925000 Derived	923659000	421847000 Derived	501812000	1307695000 Derived	Source 2023-01-01 – 2023-12-31: 2711584000 Unit12 Inspect Revenue Open source 2023-01-01 – 2023-12-31: 923659000 Unit12 Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 501812000 Unit12 Inspect Net Income Open source 2023-01-01 – 2023-12-31: 1544393000 Unit12 Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 236698000 Unit12 Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	2679634000	1243871000 Derived	1435763000	686227000 Derived	749536000	1106717000 Derived	Source 2024-01-01 – 2024-12-31: 2679634000 Unit12 Inspect Revenue Open source 2024-01-01 – 2024-12-31: 1435763000 Unit12 Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 749536000 Unit12 Inspect Net Income Open source 2024-01-01 – 2024-12-31: 1334866000 Unit12 Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 228149000 Unit12 Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	2815139000	1472353000 Derived	1342786000	289154000 Derived	1053632000	1066509000 Derived	Source 2025-01-01 – 2025-12-31: 2815139000 Unit12 Inspect Revenue Open source 2025-01-01 – 2025-12-31: 1342786000 Unit12 Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 1053632000 Unit12 Inspect Net Income Open source 2025-01-01 – 2025-12-31: 1291328000 Unit12 Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 224819000 Unit12 Inspect Capital Expenditure Open source

Amounts are exact, in Unit12.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit12 2.8B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(Unit12)	Source evidence
20162016-12-31	Revenue	1633125000	Revenue: 1633125000 Open source
20172017-12-31	Revenue	1727674000	Revenue: 1727674000 Open source
20182018-12-31	Revenue	1865695000	Revenue: 1865695000 Open source
20192019-12-31	Revenue	2014645000	Revenue: 2014645000 Open source
20202020-12-31	Revenue	2083138000	Revenue: 2083138000 Open source
20212021-12-31	Revenue	2308834000	Revenue: 2308834000 Open source
20222022-12-31	Revenue	2633454000	Revenue: 2633454000 Open source
20232023-12-31	Revenue	2711584000	Revenue: 2711584000 Open source
20242024-12-31	Revenue	2679634000	Revenue: 2679634000 Open source
20252025-12-31	Revenue	2815139000	Revenue: 2815139000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

5.1% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	-0.3%	Revenue: 1633125000 Open source Revenue: 1638474000 Open source
20172017-12-31	Year over year	5.8%	Revenue: 1727674000 Open source Revenue: 1633125000 Open source
20182018-12-31	Year over year	8%	Revenue: 1865695000 Open source Revenue: 1727674000 Open source
20192019-12-31	Year over year	8%	Revenue: 2014645000 Open source Revenue: 1865695000 Open source
20202020-12-31	Year over year	3.4%	Revenue: 2083138000 Open source Revenue: 2014645000 Open source
20212021-12-31	Year over year	10.8%	Revenue: 2308834000 Open source Revenue: 2083138000 Open source
20222022-12-31	Year over year	14.1%	Revenue: 2633454000 Open source Revenue: 2308834000 Open source
20232023-12-31	Year over year	3%	Revenue: 2711584000 Open source Revenue: 2633454000 Open source
20242024-12-31	Year over year	-1.2%	Revenue: 2679634000 Open source Revenue: 2711584000 Open source
20252025-12-31	Year over year	5.1%	Revenue: 2815139000 Open source Revenue: 2679634000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 47.7% 2025

Net margin 37.4% 2025

Free cash flow margin 37.9% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	23.7%	Operating Income: 387308000 Open source Revenue: 1633125000 Open source
20172017-12-31	Operating margin	26.5%	Operating Income: 458501000 Open source Revenue: 1727674000 Open source
20182018-12-31	Operating margin	29.2%	Operating Income: 544166000 Open source Revenue: 1865695000 Open source
20192019-12-31	Operating margin	29%	Operating Income: 583488000 Open source Revenue: 2014645000 Open source
20202020-12-31	Operating margin	30.4%	Operating Income: 633694000 Open source Revenue: 2083138000 Open source
20212021-12-31	Operating margin	33.9%	Operating Income: 782495000 Open source Revenue: 2308834000 Open source
20222022-12-31	Operating margin	35.1%	Operating Income: 925408000 Open source Revenue: 2633454000 Open source
20232023-12-31	Operating margin	34.1%	Operating Income: 923659000 Open source Revenue: 2711584000 Open source
20242024-12-31	Operating margin	53.6%	Operating Income: 1435763000 Open source Revenue: 2679634000 Open source
20252025-12-31	Operating margin	47.7%	Operating Income: 1342786000 Open source Revenue: 2815139000 Open source
20162016-12-31	Net margin	4.7%	Net Income: 76238000 Open source Revenue: 1633125000 Open source
20172017-12-31	Net margin	6%	Net Income: 103654000 Open source Revenue: 1727674000 Open source
20182018-12-31	Net margin	2.5%	Net Income: 47451000 Open source Revenue: 1865695000 Open source
20192019-12-31	Net margin	7.3%	Net Income: 146991000 Open source Revenue: 2014645000 Open source
20202020-12-31	Net margin	1.2%	Net Income: 24104000 Open source Revenue: 2083138000 Open source
20212021-12-31	Net margin	10.3%	Net Income: 237624000 Open source Revenue: 2308834000 Open source
20222022-12-31	Net margin	17.5%	Net Income: 461429000 Open source Revenue: 2633454000 Open source
20232023-12-31	Net margin	18.5%	Net Income: 501812000 Open source Revenue: 2711584000 Open source
20242024-12-31	Net margin	28%	Net Income: 749536000 Open source Revenue: 2679634000 Open source
20252025-12-31	Net margin	37.4%	Net Income: 1053632000 Open source Revenue: 2815139000 Open source
20162016-12-31	Free cash flow margin	36.9%	Revenue: 1633125000 Open source Operating Cash Flow: 742525000 Open source Capital Expenditure: 139982000 Open source
20172017-12-31	Free cash flow margin	38.9%	Revenue: 1727674000 Open source Operating Cash Flow: 818470000 Open source Capital Expenditure: 147044000 Open source
20182018-12-31	Free cash flow margin	37.6%	Revenue: 1865695000 Open source Operating Cash Flow: 850618000 Open source Capital Expenditure: 149812000 Open source
20192019-12-31	Free cash flow margin	40.5%	Revenue: 2014645000 Open source Operating Cash Flow: 970045000 Open source Capital Expenditure: 154236000 Open source
20202020-12-31	Free cash flow margin	47.9%	Revenue: 2083138000 Open source Operating Cash Flow: 1126033000 Open source Capital Expenditure: 128566000 Open source
20212021-12-31	Free cash flow margin	45.7%	Revenue: 2308834000 Open source Operating Cash Flow: 1189896000 Open source Capital Expenditure: 133694000 Open source
20222022-12-31	Free cash flow margin	40.7%	Revenue: 2633454000 Open source Operating Cash Flow: 1285700000 Open source Capital Expenditure: 214443000 Open source
20232023-12-31	Free cash flow margin	48.2%	Revenue: 2711584000 Open source Operating Cash Flow: 1544393000 Open source Capital Expenditure: 236698000 Open source
20242024-12-31	Free cash flow margin	41.3%	Revenue: 2679634000 Open source Operating Cash Flow: 1334866000 Open source Capital Expenditure: 228149000 Open source
20252025-12-31	Free cash flow margin	37.9%	Revenue: 2815139000 Open source Operating Cash Flow: 1291328000 Open source Capital Expenditure: 224819000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

Unit12 1.3B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(Unit12)	Source evidence
20162016-12-31	Operating cash flow	742525000	Operating Cash Flow: 742525000 Open source
20172017-12-31	Operating cash flow	818470000	Operating Cash Flow: 818470000 Open source
20182018-12-31	Operating cash flow	850618000	Operating Cash Flow: 850618000 Open source
20192019-12-31	Operating cash flow	970045000	Operating Cash Flow: 970045000 Open source
20202020-12-31	Operating cash flow	1126033000	Operating Cash Flow: 1126033000 Open source
20212021-12-31	Operating cash flow	1189896000	Operating Cash Flow: 1189896000 Open source
20222022-12-31	Operating cash flow	1285700000	Operating Cash Flow: 1285700000 Open source
20232023-12-31	Operating cash flow	1544393000	Operating Cash Flow: 1544393000 Open source
20242024-12-31	Operating cash flow	1334866000	Operating Cash Flow: 1334866000 Open source
20252025-12-31	Operating cash flow	1291328000	Operating Cash Flow: 1291328000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit12 1.1B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(Unit12)	Source evidence
20162016-12-31	Free cash flow	602543000	Operating Cash Flow: 742525000 Open source Capital Expenditure: 139982000 Open source
20172017-12-31	Free cash flow	671426000	Operating Cash Flow: 818470000 Open source Capital Expenditure: 147044000 Open source
20182018-12-31	Free cash flow	700806000	Operating Cash Flow: 850618000 Open source Capital Expenditure: 149812000 Open source
20192019-12-31	Free cash flow	815809000	Operating Cash Flow: 970045000 Open source Capital Expenditure: 154236000 Open source
20202020-12-31	Free cash flow	997467000	Operating Cash Flow: 1126033000 Open source Capital Expenditure: 128566000 Open source
20212021-12-31	Free cash flow	1056202000	Operating Cash Flow: 1189896000 Open source Capital Expenditure: 133694000 Open source
20222022-12-31	Free cash flow	1071257000	Operating Cash Flow: 1285700000 Open source Capital Expenditure: 214443000 Open source
20232023-12-31	Free cash flow	1307695000	Operating Cash Flow: 1544393000 Open source Capital Expenditure: 236698000 Open source
20242024-12-31	Free cash flow	1106717000	Operating Cash Flow: 1334866000 Open source Capital Expenditure: 228149000 Open source
20252025-12-31	Free cash flow	1066509000	Operating Cash Flow: 1291328000 Open source Capital Expenditure: 224819000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	Total Assets: 7360945000 Open source
2017-12-31	Liabilities / assets	Not reported	Total Assets: 7320205000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 7213707000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 9759941000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 9158018000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 9801699000 Open source
2022-12-31	Liabilities / assets	Not reported	Total Assets: 10585041000 Open source
2023-12-31	Liabilities / assets	Not reported	Total Assets: 10178441000 Open source
2024-12-31	Liabilities / assets	Not reported	Total Assets: 11417336000 Open source
2025-12-31	Liabilities / assets	Not reported	Total Assets: 11575012000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.29× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	0.37×	Current Assets: 324571000 Open source Current Liabilities: 873447000 Open source
20172017-12-31	Current assets / current liabilities	0.93×	Current Assets: 259533000 Open source Current Liabilities: 278905000 Open source
20182018-12-31	Current assets / current liabilities	0.31×	Current Assets: 373854000 Open source Current Liabilities: 1206279000 Open source
20192019-12-31	Current assets / current liabilities	0.32×	Current Assets: 334271000 Open source Current Liabilities: 1048293000 Open source
20202020-12-31	Current assets / current liabilities	0.77×	Current Assets: 472990000 Open source Current Liabilities: 614801000 Open source
20212021-12-31	Current assets / current liabilities	1×	Current Assets: 614446000 Open source Current Liabilities: 616331000 Open source
20222022-12-31	Current assets / current liabilities	0.69×	Current Assets: 482733000 Open source Current Liabilities: 696764000 Open source
20232023-12-31	Current assets / current liabilities	0.36×	Current Assets: 484267000 Open source Current Liabilities: 1363259000 Open source
20242024-12-31	Current assets / current liabilities	1.1×	Current Assets: 1978720000 Open source Current Liabilities: 1797936000 Open source
20252025-12-31	Current assets / current liabilities	0.29×	Current Assets: 773431000 Open source Current Liabilities: 2678301000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	Unit12 76.24 million Exact value Exact value: 76238000 Unit12 2016-01-01 – 2016-12-31: 76238000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2016-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 76238000 Unit12 Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 76238000 Unit12 (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/sbac-20181231.xml#2643585 Filing: 000103405419000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 742.53 million Exact value Exact value: 742525000 Unit12 2016-01-01 – 2016-12-31: 742525000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2016-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 742525000 Unit12 Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 742525000 Unit12 (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/sbac-20181231.xml#2642964 Filing: 000103405419000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 139.98 million Exact value Exact value: 139982000 Unit12 2016-01-01 – 2016-12-31: 139982000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2016-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 139982000 Unit12 Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 139982000 Unit12 (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/sbac-20181231.xml#2675588 Filing: 000103405419000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 602.54 million Calculation and evidence 742525000 − 139982000 Unit12 Exact free cash flow: 602543000 Unit12 2016-01-01 – 2016-12-31: 742525000 Unit12 · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 139982000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2016-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 602543000 Unit12 Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 742525000 Unit12 (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/sbac-20181231.xml#2642964 Filing: 000103405419000002 Input fundies:CapitalExpenditure: 139982000 Unit12 (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/sbac-20181231.xml#2675588 Filing: 000103405419000002 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	Unit12 103.65 million Exact value Exact value: 103654000 Unit12 2017-01-01 – 2017-12-31: 103654000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2017-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 103654000 Unit12 Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 103654000 Unit12 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/sbac-20191231x10k.htm#9490776 Filing: 000103405420000003 The citation records this snapshot. The page link may show a newer release later.	Unit12 818.47 million Exact value Exact value: 818470000 Unit12 2017-01-01 – 2017-12-31: 818470000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2017-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 818470000 Unit12 Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 818470000 Unit12 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/sbac-20191231x10k.htm#5553219 Filing: 000103405420000003 The citation records this snapshot. The page link may show a newer release later.	Unit12 147.04 million Exact value Exact value: 147044000 Unit12 2017-01-01 – 2017-12-31: 147044000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2017-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 147044000 Unit12 Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 147044000 Unit12 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/sbac-20191231x10k.htm#5573801 Filing: 000103405420000003 The citation records this snapshot. The page link may show a newer release later.	Unit12 671.43 million Calculation and evidence 818470000 − 147044000 Unit12 Exact free cash flow: 671426000 Unit12 2017-01-01 – 2017-12-31: 818470000 Unit12 · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 147044000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2017-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 671426000 Unit12 Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 818470000 Unit12 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/sbac-20191231x10k.htm#5553219 Filing: 000103405420000003 Input fundies:CapitalExpenditure: 147044000 Unit12 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/sbac-20191231x10k.htm#5573801 Filing: 000103405420000003 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	Unit12 47.45 million Exact value Exact value: 47451000 Unit12 2018-01-01 – 2018-12-31: 47451000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2018-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 47451000 Unit12 Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 47451000 Unit12 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/sbac-20201231x10k.htm#9334693 Filing: 000103405421000003 The citation records this snapshot. The page link may show a newer release later.	Unit12 850.62 million Exact value Exact value: 850618000 Unit12 2018-01-01 – 2018-12-31: 850618000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2018-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 850618000 Unit12 Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 850618000 Unit12 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/sbac-20201231x10k.htm#5231301 Filing: 000103405421000003 The citation records this snapshot. The page link may show a newer release later.	Unit12 149.81 million Exact value Exact value: 149812000 Unit12 2018-01-01 – 2018-12-31: 149812000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2018-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 149812000 Unit12 Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 149812000 Unit12 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/sbac-20201231x10k.htm#5252083 Filing: 000103405421000003 The citation records this snapshot. The page link may show a newer release later.	Unit12 700.81 million Calculation and evidence 850618000 − 149812000 Unit12 Exact free cash flow: 700806000 Unit12 2018-01-01 – 2018-12-31: 850618000 Unit12 · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 149812000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2018-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 700806000 Unit12 Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 850618000 Unit12 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/sbac-20201231x10k.htm#5231301 Filing: 000103405421000003 Input fundies:CapitalExpenditure: 149812000 Unit12 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/sbac-20201231x10k.htm#5252083 Filing: 000103405421000003 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	Unit12 146.99 million Exact value Exact value: 146991000 Unit12 2019-01-01 – 2019-12-31: 146991000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2019-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 146991000 Unit12 Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 146991000 Unit12 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/sbac-20211231x10k.htm#9368503 Filing: 000103405422000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 970.05 million Exact value Exact value: 970045000 Unit12 2019-01-01 – 2019-12-31: 970045000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2019-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 970045000 Unit12 Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 970045000 Unit12 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/sbac-20211231x10k.htm#5236558 Filing: 000103405422000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 154.24 million Exact value Exact value: 154236000 Unit12 2019-01-01 – 2019-12-31: 154236000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2019-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 154236000 Unit12 Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 154236000 Unit12 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/sbac-20211231x10k.htm#5257336 Filing: 000103405422000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 815.81 million Calculation and evidence 970045000 − 154236000 Unit12 Exact free cash flow: 815809000 Unit12 2019-01-01 – 2019-12-31: 970045000 Unit12 · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 154236000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2019-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 815809000 Unit12 Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 970045000 Unit12 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/sbac-20211231x10k.htm#5236558 Filing: 000103405422000002 Input fundies:CapitalExpenditure: 154236000 Unit12 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/sbac-20211231x10k.htm#5257336 Filing: 000103405422000002 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	Unit12 24.1 million Exact value Exact value: 24104000 Unit12 2020-01-01 – 2020-12-31: 24104000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2020-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 24104000 Unit12 Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 24104000 Unit12 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/sbac-20221231x10k.htm#9696621 Filing: 000103405423000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.13 billion Exact value Exact value: 1126033000 Unit12 2020-01-01 – 2020-12-31: 1126033000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2020-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 1126033000 Unit12 Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 1126033000 Unit12 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/sbac-20221231x10k.htm#5193257 Filing: 000103405423000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 128.57 million Exact value Exact value: 128566000 Unit12 2020-01-01 – 2020-12-31: 128566000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2020-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 128566000 Unit12 Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 128566000 Unit12 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/sbac-20221231x10k.htm#5214045 Filing: 000103405423000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 997.47 million Calculation and evidence 1126033000 − 128566000 Unit12 Exact free cash flow: 997467000 Unit12 2020-01-01 – 2020-12-31: 1126033000 Unit12 · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 128566000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2020-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 997467000 Unit12 Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1126033000 Unit12 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/sbac-20221231x10k.htm#5193257 Filing: 000103405423000002 Input fundies:CapitalExpenditure: 128566000 Unit12 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/sbac-20221231x10k.htm#5214045 Filing: 000103405423000002 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	Unit12 237.62 million Exact value Exact value: 237624000 Unit12 2021-01-01 – 2021-12-31: 237624000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2021-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 237624000 Unit12 Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 237624000 Unit12 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/sbac-20231231x10k.htm#9931729 Filing: 000103405424000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.19 billion Exact value Exact value: 1189896000 Unit12 2021-01-01 – 2021-12-31: 1189896000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2021-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 1189896000 Unit12 Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 1189896000 Unit12 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/sbac-20231231x10k.htm#5420448 Filing: 000103405424000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 133.69 million Exact value Exact value: 133694000 Unit12 2021-01-01 – 2021-12-31: 133694000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2021-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 133694000 Unit12 Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 133694000 Unit12 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/sbac-20231231x10k.htm#5441236 Filing: 000103405424000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.06 billion Calculation and evidence 1189896000 − 133694000 Unit12 Exact free cash flow: 1056202000 Unit12 2021-01-01 – 2021-12-31: 1189896000 Unit12 · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 133694000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2021-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 1056202000 Unit12 Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1189896000 Unit12 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/sbac-20231231x10k.htm#5420448 Filing: 000103405424000002 Input fundies:CapitalExpenditure: 133694000 Unit12 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/sbac-20231231x10k.htm#5441236 Filing: 000103405424000002 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	Unit12 461.43 million Exact value Exact value: 461429000 Unit12 2022-01-01 – 2022-12-31: 461429000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2022-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 461429000 Unit12 Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 461429000 Unit12 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/sbac-20241231x10k.htm#9820311 Filing: 000103405425000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.29 billion Exact value Exact value: 1285700000 Unit12 2022-01-01 – 2022-12-31: 1285700000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2022-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 1285700000 Unit12 Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 1285700000 Unit12 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/sbac-20241231x10k.htm#5346519 Filing: 000103405425000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 214.44 million Exact value Exact value: 214443000 Unit12 2022-01-01 – 2022-12-31: 214443000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2022-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 214443000 Unit12 Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 214443000 Unit12 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/sbac-20241231x10k.htm#5367305 Filing: 000103405425000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.07 billion Calculation and evidence 1285700000 − 214443000 Unit12 Exact free cash flow: 1071257000 Unit12 2022-01-01 – 2022-12-31: 1285700000 Unit12 · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 214443000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2022-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 1071257000 Unit12 Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1285700000 Unit12 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/sbac-20241231x10k.htm#5346519 Filing: 000103405425000002 Input fundies:CapitalExpenditure: 214443000 Unit12 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/sbac-20241231x10k.htm#5367305 Filing: 000103405425000002 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	Unit12 501.81 million Exact value Exact value: 501812000 Unit12 2023-01-01 – 2023-12-31: 501812000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2023-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 501812000 Unit12 Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 501812000 Unit12 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9831377 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.54 billion Exact value Exact value: 1544393000 Unit12 2023-01-01 – 2023-12-31: 1544393000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2023-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 1544393000 Unit12 Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 1544393000 Unit12 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5403322 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 236.7 million Exact value Exact value: 236698000 Unit12 2023-01-01 – 2023-12-31: 236698000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2023-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 236698000 Unit12 Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 236698000 Unit12 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5423908 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.31 billion Calculation and evidence 1544393000 − 236698000 Unit12 Exact free cash flow: 1307695000 Unit12 2023-01-01 – 2023-12-31: 1544393000 Unit12 · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 236698000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2023-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 1307695000 Unit12 Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1544393000 Unit12 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5403322 Filing: 000103405426000002 Input fundies:CapitalExpenditure: 236698000 Unit12 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5423908 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	Unit12 749.54 million Exact value Exact value: 749536000 Unit12 2024-01-01 – 2024-12-31: 749536000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2024-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 749536000 Unit12 Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 749536000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9829252 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.33 billion Exact value Exact value: 1334866000 Unit12 2024-01-01 – 2024-12-31: 1334866000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2024-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 1334866000 Unit12 Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 1334866000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5400955 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 228.15 million Exact value Exact value: 228149000 Unit12 2024-01-01 – 2024-12-31: 228149000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2024-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 228149000 Unit12 Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 228149000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5421643 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.11 billion Calculation and evidence 1334866000 − 228149000 Unit12 Exact free cash flow: 1106717000 Unit12 2024-01-01 – 2024-12-31: 1334866000 Unit12 · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 228149000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2024-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 1106717000 Unit12 Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1334866000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5400955 Filing: 000103405426000002 Input fundies:CapitalExpenditure: 228149000 Unit12 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5421643 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	Unit12 1.05 billion Exact value Exact value: 1053632000 Unit12 2025-01-01 – 2025-12-31: 1053632000 Unit12 Inspect Net Income Open source Share or cite Citation for Net Income · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Net Income: 1053632000 Unit12 Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=Unit12&dimensions= Input fundies:NetIncome: 1053632000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#9827125 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.29 billion Exact value Exact value: 1291328000 Unit12 2025-01-01 – 2025-12-31: 1291328000 Unit12 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Operating Cash Flow: 1291328000 Unit12 Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=Unit12&dimensions= Input fundies:OperatingCashFlow: 1291328000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5398768 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 224.82 million Exact value Exact value: 224819000 Unit12 2025-01-01 – 2025-12-31: 224819000 Unit12 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Capital Expenditure: 224819000 Unit12 Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=Unit12&dimensions= Input fundies:CapitalExpenditure: 224819000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5419378 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.	Unit12 1.07 billion Calculation and evidence 1291328000 − 224819000 Unit12 Exact free cash flow: 1066509000 Unit12 2025-01-01 – 2025-12-31: 1291328000 Unit12 · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 224819000 Unit12 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · SBA COMMUNICATIONS CORP · 2025-12-31 SBA COMMUNICATIONS CORP (edgar:1034054) Free cash flow: 1066509000 Unit12 Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:33:17Z Snapshot: 7a0597e9ffa87aef89f2ceb97015a7d3248058c609ecc444d3296107590bd495 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1034054?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1291328000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5398768 Filing: 000103405426000002 Input fundies:CapitalExpenditure: 224819000 Unit12 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/sbac-20251231x10k.htm#5419378 Filing: 000103405426000002 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

150 filings · 8,940 latest values · 8,940 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001034054, 1034054, SBAC, edgar:1034054, sbac

Also known as SBA COMMUNICATIONS CORP, SBA COMMUNICATIONS CORPORATION, SBA Communications Corp

SBA COMMUNICATIONS CORP

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Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation