SBAC
SBA COMMUNICATIONS CORP
Company overview
- Market capitalization
- $17.34B
- Employees
- 1,844
- Latest publication
- 2026-09-29
About SBA COMMUNICATIONS CORP
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. SBA Communications Corporation was incorporated in 1989 and is based in Boca Raton, Florida.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q2 20252025-06-30 · USD | Q1 20242024-03-31 · USD | Q4 20232023-12-31 · USD | Q2 20232023-06-30 · USD | Q1 20232023-03-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 715,274,000USD | 703,438,000USD | 719,583,000USD | 698,981,000USD | 657,862,000USD | 675,024,000USD | 678,500,000USD | 675,516,000USD |
| Cost Of Revenue | 41,926,000USD | 171,336,000USD | 499,373,000USD | 177,983,000USD | 145,408,000USD | 149,346,000USD | 159,203,000USD | 170,361,000USD |
| Gross Profit | 539,272,000USD | 532,102,000USD | 220,210,000USD | 520,998,000USD | 512,453,999USD | 525,678,000USD | 519,297,000USD | 505,155,000USD |
| Selling General Administrative | 77,548,000USD | 70,548,000USD | 74,362,000USD | 71,022,000USD | 68,698,000USD | 67,524,000USD | 63,383,000USD | 72,209,000USD |
| Total Operating Expenses | 187,411,000USD | 189,254,000USD | -87,614,000USD | 186,217,000USD | 189,096,000USD | 315,991,000USD | 278,070,000USD | 281,014,000USD |
| Operating Income | 351,861,000USD | 342,848,000USD | 307,824,000USD | 334,781,000USD | 323,358,000USD | 209,687,000USD | 241,227,000USD | 224,141,000USD |
| Total Other Income Expense Net | -119,396,000USD | -106,834,000USD | 124,454,000USD | -74,028,000USD | -151,888,000USD | -71,263,000USD | -68,435,000USD | -80,079,000USD |
| Interest Income | 5,631,000USD | 5,207,000USD | 7,224,000USD | 8,155,000USD | 7,314,000USD | 5,540,000USD | 4,683,000USD | 2,816,000USD |
| Income Before Tax | 232,465,000USD | 236,014,000USD | 432,278,000USD | 260,753,000USD | 171,470,000USD | 138,424,000USD | 172,792,000USD | 144,062,000USD |
| Income Tax Expense | 35,995,000USD | 51,112,000USD | 61,852,000USD | 35,059,000USD | 16,927,000USD | 28,896,000USD | -29,178,000USD | 43,508,000USD |
| Net Income | 196,470,000USD | 184,830,000USD | 370,290,000USD | 225,794,000USD | 154,543,000USD | 109,528,000USD | 203,648,000USD | 101,217,000USD |
| Minority Interest | -2,307,000USD | -72,000USD | -135,000USD | 100,000USD | 0USD | 0USD | 1,678,000USD | 663,000USD |
| Net Income Applicable To Common Shares | 198,777,000USD | — | — | — | — | — | 203,648,000USD | 101,217,000USD |
| Unclassified Operating Expenses | — | 118,706,000USD | -161,976,000USD | 115,195,000USD | 120,398,000USD | 248,467,000USD | 214,687,000USD | 208,805,000USD |
| Interest Expense | — | 134,560,000USD | 123,951,000USD | 120,891,000USD | 104,833,000USD | 103,315,000USD | 108,806,000USD | 115,465,000USD |
| Net Interest Income | — | -129,353,000USD | -120,976,000USD | -118,151,000USD | -102,808,000USD | -104,355,000USD | -109,167,000USD | -117,637,000USD |
| Tax Provision | — | 51,112,000USD | 61,852,000USD | 35,059,000USD | 16,927,000USD | 28,896,000USD | -29,178,000USD | 43,508,000USD |
| Net Income From Continuing Ops | — | 184,902,000USD | 370,425,000USD | 225,694,000USD | 154,543,000USD | 109,528,000USD | 201,970,000USD | 100,554,000USD |
| Ebit | — | 370,574,000USD | 556,229,000USD | 378,714,000USD | 362,012,000USD | 282,345,000USD | 266,439,000USD | 248,427,000USD |
| Ebitda | — | 451,890,000USD | 718,205,000USD | 448,678,000USD | 438,762,000USD | 453,745,000USD | 448,259,000USD | 430,842,000USD |
| Depreciation And Amortization | — | 81,316,000USD | 161,976,000USD | 69,964,000USD | 76,750,000USD | 171,400,000USD | 181,820,000USD | 182,415,000USD |
| Reconciled Depreciation | — | 81,316,000USD | 80,391,000USD | 69,964,000USD | 76,750,000USD | 171,400,000USD | 181,820,000USD | 182,415,000USD |
| Non Operating Income Net Other | — | — | — | — | — | — | 40,371,000USD | 35,386,000USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD | FY 20182018-12-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,815,139,000USD | 2,679,634,000USD | 2,711,584,000USD | 2,633,454,000USD | 2,308,834,000USD | 2,083,138,000USD | 2,014,645,000USD | 1,865,695,000USD |
| Cost Of Revenue | 1,643,872,000USD | 607,673,000USD | 634,293,000USD | 695,457,000USD | 573,105,000USD | 493,110,000USD | 508,259,000USD | 479,756,000USD |
| Gross Profit | 1,171,267,000USD | 2,071,960,999USD | 2,077,291,000USD | 1,937,997,000USD | 1,735,729,000USD | 1,590,028,000USD | 1,506,386,000USD | 1,385,939,000USD |
| Selling General Administrative | 277,611,000USD | 258,756,000USD | 271,024,000USD | 261,853,000USD | 220,029,000USD | 194,267,000USD | 192,717,000USD | 142,526,000USD |
| Unclassified Operating Expenses | -476,450,000USD | 377,442,000USD | 882,608,000USD | 750,736,000USD | 733,205,000USD | 762,067,000USD | 730,181,000USD | 699,247,000USD |
| Total Operating Expenses | -198,839,000USD | 636,198,000USD | 1,153,632,000USD | 1,012,589,000USD | 953,234,000USD | 956,334,000USD | 922,898,000USD | 841,773,000USD |
| Operating Income | 1,370,106,000USD | 1,435,763,000USD | 923,659,000USD | 925,408,000USD | 782,495,000USD | 633,694,000USD | 583,488,000USD | 544,166,000USD |
| Interest Income | 31,676,000USD | 41,962,000USD | 16,020,000USD | 10,133,000USD | 3,448,000USD | 2,981,000USD | 5,500,000USD | 6,731,000USD |
| Interest Expense | 467,910,000USD | 427,439,000USD | 436,241,000USD | 399,893,000USD | 400,004,000USD | 392,744,000USD | 393,229,000USD | 378,857,000USD |
| Net Interest Income | -466,957,000USD | -406,742,000USD | -447,459,000USD | -409,595,000USD | -416,145,000USD | -409,821,000USD | -410,195,000USD | -392,415,000USD |
| Income Before Tax | 1,242,038,000USD | 772,666,000USD | 548,503,000USD | 525,842,999USD | 252,564,000USD | -17,749,000USD | 186,889,000USD | 51,684,000USD |
| Income Tax Expense | 187,582,000USD | 23,989,000USD | 51,088,000USD | 66,044,000USD | 14,940,000USD | -41,796,000USD | 39,605,000USD | 4,233,000USD |
| Tax Provision | 187,582,000USD | 23,989,000USD | 48,439,000USD | 66,044,000USD | 14,940,000USD | -41,796,000USD | 39,605,000USD | 4,233,000USD |
| Net Income | 1,053,632,000USD | 749,536,000USD | 501,812,000USD | 461,429,000USD | 237,624,000USD | 24,104,000USD | 146,991,000USD | 47,451,000USD |
| Net Income From Continuing Ops | 1,054,456,000USD | 748,677,000USD | 490,465,000USD | 459,799,000USD | 237,624,000USD | 24,047,000USD | 147,284,000USD | 47,451,000USD |
| Ebit | 1,709,948,000USD | 1,525,063,000USD | 1,075,140,000USD | 968,237,000USD | 813,657,000USD | 672,702,000USD | 613,437,000USD | 569,311,000USD |
| Ebitda | 2,186,398,000USD | 1,794,580,000USD | 1,791,449,000USD | 1,675,813,000USD | 1,513,818,000USD | 1,394,672,000USD | 1,310,515,000USD | 1,241,424,000USD |
| Depreciation And Amortization | 476,450,000USD | 269,517,000USD | 716,309,000USD | 707,576,000USD | 700,161,000USD | 721,970,000USD | 697,078,000USD | 672,113,000USD |
| Reconciled Depreciation | 292,285,000USD | 269,517,000USD | 727,944,000USD | 707,577,000USD | 700,161,000USD | 721,970,000USD | 697,078,000USD | 672,113,000USD |
| Total Other Income Expense Net | -128,068,000USD | -663,097,000USD | -375,156,000USD | -399,565,000USD | -529,931,000USD | -651,443,000USD | -396,599,000USD | -492,482,000USD |
| Minority Interest | -824,000USD | 859,000USD | 5,098,000USD | 1,630,000USD | -404,000USD | -57,000USD | 293,000USD | 16,052,000USD |
| Research Development | — | — | 0USD | 0USD | 0USD | 0USD | 0USD | 0USD |
| Non Operating Income Net Other | — | — | — | 328,000USD | -129,927,000USD | -258,699,000USD | -3,370,000USD | -113,625,000USD |
| Net Income Applicable To Common Shares | — | — | — | 461,429,000USD | 237,624,000USD | 24,104,000USD | 146,991,000USD | 47,451,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 11,742,320,000USD | 11,720,844,000USD | 11,575,012,000USD | 11,260,239,000USD | 10,766,387,000USD | 10,442,917,000USD | 11,417,336,000USD | 10,201,663,000USD |
| Cash And Equivalents | 327,051,000USD | — | — | — | — | — | — | — |
| Cash And Short Term Investments | 355,951,000USD | 327,837,000USD | 439,020,000USD | 431,067,000USD | 276,826,000USD | 702,177,000USD | 444,375,000USD | 202,584,000USD |
| Short Term Investments | 28,900,000USD | 112,061,000USD | 6,648,000USD | 761,000USD | 1,551,000USD | 65,730,000USD | 254,534,000USD | 16,245,000USD |
| Long Term Investments | 22,800,000USD | 21,681,000USD | 21,053,000USD | 13,536,000USD | 15,962,000USD | 18,133,000USD | 20,779,000USD | 26,587,000USD |
| Total Current Assets | 744,772,000USD | 489,311,000USD | 1,102,954,000USD | 812,524,000USD | 523,808,000USD | 933,316,000USD | 1,978,720,000USD | 450,267,000USD |
| Other Current Assets | 47,853,000USD | 313,629,000USD | 337,607,000USD | 162,556,000USD | 57,407,000USD | 72,912,000USD | 1,249,812,000USD | 104,927,000USD |
| Other Non Current Assets | 652,882,000USD | — | — | — | — | — | — | — |
| Total Liabilities | 16,286,972,000USD | — | — | — | — | — | — | — |
| Total Current Liabilities | 4,336,645,000USD | 3,345,690,000USD | 2,235,406,000USD | 1,610,968,000USD | 1,429,705,000USD | 1,343,016,000USD | 1,797,936,000USD | 667,843,000USD |
| Other Current Liabilities | 69,078,000USD | — | — | — | — | — | — | — |
| Other Non Current Liabilities | 626,609,000USD | — | — | — | — | — | — | — |
| Total Stockholder Equity | -4,629,854,000USD | -4,751,645,000USD | -4,853,519,000USD | -4,933,983,000USD | -4,938,895,000USD | -4,970,703,000USD | -5,109,938,000USD | -5,174,852,000USD |
| Total Equity Including Noncontrolling Interest | -4,544,652,000USD | — | — | — | — | — | — | — |
| Short Long Term Debt | 7,157,112,000USD | 2,683,531,000USD | 1,935,802,000USD | 772,562,000USD | 772,181,000USD | 771,802,000USD | 1,187,913,000USD | 23,000,000USD |
| Long Term Debt | 9,150,666,000USD | 10,276,200,000USD | 10,964,466,000USD | 11,932,919,000USD | 11,739,364,000USD | 11,654,372,000USD | 12,403,825,000USD | 12,296,479,000USD |
| Deferred Revenue | 4,680,000USD | — | — | — | — | — | — | — |
| Net Receivables | 175,976,000USD | 161,474,000USD | 663,934,000USD | 218,901,000USD | 189,575,000USD | 158,227,000USD | 284,533,000USD | 142,756,000USD |
| Property Plant Equipment Net | 6,147,995,000USD | 4,011,168,000USD | 3,865,672,000USD | 7,080,608,000USD | 7,021,126,000USD | 6,488,214,000USD | 6,392,812,000USD | 6,486,092,000USD |
| Accounts Payable | 70,062,000USD | 63,549,000USD | 73,034,000USD | 219,725,000USD | 60,820,000USD | 65,043,000USD | 59,549,000USD | 54,438,000USD |
| Common Stock | 1,061,000USD | 1,061,000USD | 1,057,000USD | 1,068,000USD | 1,075,000USD | 1,080,000USD | 1,076,000USD | 1,075,000USD |
| Retained Earnings | -7,135,584,000USD | -7,200,856,000USD | -7,249,905,000USD | -7,284,980,000USD | -7,251,106,000USD | -7,226,216,000USD | -7,326,189,000USD | -7,393,799,000USD |
| Accumulated Other Comprehensive Income | -608,022,000USD | -636,733,000USD | -664,098,000USD | -688,098,000USD | -711,548,000USD | -736,617,000USD | -760,280,000USD | -723,648,000USD |
| Intangible Assets | — | 2,880,040,000USD | 2,882,117,000USD | 2,725,045,000USD | 2,579,806,000USD | 2,403,046,000USD | 2,388,707,000USD | 2,492,360,000USD |
| Total Liab | — | 16,472,489,000USD | 16,350,269,000USD | 16,117,617,000USD | 15,640,125,000USD | 15,351,016,000USD | 16,473,142,000USD | 15,327,423,000USD |
| Other Current Liab | — | 190,000,000USD | -190,343,000USD | 194,808,000USD | 172,844,000USD | 120,811,000USD | 154,945,000USD | 125,898,000USD |
| Capital Stock | — | 1,061,000USD | 1,057,000USD | 1,068,000USD | 1,075,000USD | 1,080,000USD | 1,076,000USD | 1,075,000USD |
| Cash | — | 327,837,000USD | 432,372,000USD | 430,306,000USD | 275,275,000USD | 636,447,000USD | 189,841,000USD | 186,339,000USD |
| Current Deferred Revenue | — | 103,650,000USD | 117,309,000USD | 132,336,000USD | 125,371,000USD | 110,369,000USD | 127,308,000USD | 183,978,000USD |
| Net Debt | — | 15,088,221,000USD | 14,886,758,000USD | 14,586,220,000USD | 14,530,450,000USD | 14,004,685,000USD | 15,566,353,000USD | 14,335,005,000USD |
| Short Term Debt | — | 2,988,491,000USD | 2,235,406,000USD | 1,064,099,000USD | 1,061,646,000USD | 1,039,346,000USD | 1,448,930,000USD | 293,922,000USD |
| Short Long Term Debt Total | — | 15,416,058,000USD | 15,319,130,000USD | 15,016,526,000USD | 14,805,725,000USD | 14,641,132,000USD | 15,756,194,000USD | 14,521,344,000USD |
| Inventory | — | 23,326,000USD | — | — | — | — | — | 31,738,000USD |
| Property Plant Equipment Gross | — | 11,821,877,000USD | 11,628,233,000USD | 11,414,697,000USD | 11,364,918,000USD | 10,794,835,000USD | 10,672,904,000USD | 10,770,553,000USD |
| Common Stock Shares Outstanding | — | 106,111,000shares | 106,651,000shares | 107,831,000shares | 107,797,000shares | 108,140,000shares | 108,105,000shares | 107,922,000shares |
| Non Current Assets Total | — | 11,231,533,000USD | 10,472,058,000USD | 10,447,715,000USD | 10,242,579,000USD | 9,509,601,000USD | 9,438,616,000USD | 9,751,396,000USD |
| Non Current Liabilities Total | — | 13,041,055,000USD | 14,114,863,000USD | 14,506,649,000USD | 14,210,420,000USD | 14,008,000,000USD | 14,675,206,000USD | 14,659,580,000USD |
| Non Current Liabilities Other | — | 613,488,000USD | 588,244,000USD | 554,222,000USD | 466,341,000USD | 406,214,000USD | 367,942,000USD | 432,158,000USD |
| Non Currrent Assets Other | — | 924,389,000USD | 254,607,000USD | 585,815,000USD | 578,290,000USD | 548,027,000USD | 582,344,000USD | 686,705,000USD |
| Net Working Capital | — | -2,578,197,000USD | -1,904,870,000USD | -798,444,000USD | -905,897,000USD | -409,700,000USD | 180,784,000USD | -217,576,000USD |
| Unclassified Current Assets | — | -449,016,000USD | -337,607,000USD | — | — | — | — | -31,738,000USD |
| Unclassified Non Current Assets | — | 3,394,255,000USD | 3,448,609,000USD | — | — | — | — | — |
| Unclassified Current Liabilities | — | -2,683,531,000USD | -2,126,145,000USD | -772,562,000USD | -763,157,000USD | -764,355,000USD | -1,180,709,000USD | -13,393,000USD |
| Unclassified Non Current Liabilities | — | 2,151,367,000USD | 2,562,153,000USD | 2,019,508,000USD | 2,004,715,000USD | 1,947,414,000USD | 1,903,439,000USD | 1,930,943,000USD |
| Unclassified Equity | — | 3,083,822,000USD | 3,058,370,000USD | 3,036,959,000USD | 3,021,609,000USD | 2,989,970,000USD | 2,974,379,000USD | 2,940,445,000USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD | FY 20182018-12-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 11,575,012,000USD | 11,417,336,000USD | 10,178,441,000USD | 10,585,041,000USD | 9,801,699,000USD | 9,158,018,000USD | 9,759,941,000USD | 7,213,707,000USD |
| Intangible Assets | 2,882,117,000USD | 2,388,707,000USD | 2,455,597,000USD | 2,776,472,000USD | 2,803,247,000USD | 3,156,150,000USD | 3,626,773,000USD | 3,331,465,000USD |
| Other Current Assets | 337,607,000USD | 1,249,812,000USD | 72,548,000USD | 73,248,000USD | 95,596,000USD | 55,546,000USD | 67,524,000USD | 84,412,000USD |
| Total Liab | 16,350,269,000USD | 16,473,142,000USD | 15,314,276,000USD | 15,829,621,000USD | 15,067,853,000USD | 13,967,206,000USD | 13,410,896,000USD | 10,590,530,000USD |
| Total Stockholder Equity | -4,853,519,000USD | -5,109,938,000USD | -5,170,882,000USD | -5,276,315,000USD | -5,283,404,000USD | -4,824,382,000USD | -3,667,007,000USD | -3,376,823,000USD |
| Other Current Liab | -190,343,000USD | 154,945,000USD | 161,631,000USD | 160,165,000USD | 113,662,000USD | 122,095,000USD | 124,237,000USD | 114,261,000USD |
| Common Stock | 1,057,000USD | 1,076,000USD | 1,080,000USD | 1,080,000USD | 1,089,000USD | 1,098,000USD | 1,118,000USD | 1,124,000USD |
| Capital Stock | 1,057,000USD | 1,076,000USD | 1,080,000USD | 1,080,000USD | 1,089,000USD | 1,098,000USD | 1,118,000USD | 1,124,000USD |
| Retained Earnings | -7,249,905,000USD | -7,326,189,000USD | -7,450,824,000USD | -7,482,061,000USD | -7,203,531,000USD | -6,604,028,000USD | -5,560,695,000USD | -5,136,368,000USD |
| Cash | 432,372,000USD | 189,841,000USD | 208,547,000USD | 143,708,000USD | 367,278,000USD | 308,560,000USD | 108,309,000USD | 143,444,000USD |
| Cash And Short Term Investments | 439,020,000USD | 444,375,000USD | 209,593,000USD | 145,039,000USD | 368,056,000USD | 308,560,000USD | 108,309,000USD | 143,444,000USD |
| Total Current Assets | 1,102,954,000USD | 1,978,720,000USD | 484,267,000USD | 482,733,000USD | 614,446,000USD | 472,990,000USD | 334,271,000USD | 373,854,000USD |
| Total Current Liabilities | 2,235,406,000USD | 1,797,936,000USD | 1,363,259,000USD | 696,764,000USD | 616,331,000USD | 614,801,000USD | 1,048,293,000USD | 1,206,279,000USD |
| Current Deferred Revenue | 117,309,000USD | 127,308,000USD | 235,668,000USD | 179,744,000USD | 190,034,000USD | 113,117,000USD | 113,507,000USD | 108,054,000USD |
| Net Debt | 14,886,758,000USD | 15,566,353,000USD | 14,254,918,000USD | 15,027,447,000USD | 14,155,266,000USD | 13,117,636,000USD | 12,752,531,000USD | 9,795,109,000USD |
| Short Term Debt | 2,235,406,000USD | 1,448,930,000USD | 916,609,000USD | 286,365,000USD | 262,497,000USD | 260,037,000USD | 769,105,000USD | 941,728,000USD |
| Short Long Term Debt | 1,935,802,000USD | 1,187,913,000USD | 643,145,000USD | 24,000,000USD | 24,000,000USD | 24,000,000USD | 522,090,000USD | 941,728,000USD |
| Short Long Term Debt Total | 15,319,130,000USD | 15,756,194,000USD | 14,463,465,000USD | 15,171,155,000USD | 14,522,544,000USD | 13,426,196,000USD | 12,860,840,000USD | 9,938,553,000USD |
| Long Term Debt | 10,964,466,000USD | 12,403,825,000USD | 11,681,170,000USD | 12,844,162,000USD | 12,278,694,000USD | 11,071,796,000USD | 9,812,335,000USD | 8,996,825,000USD |
| Long Term Investments | 21,053,000USD | 20,779,000USD | 24,540,000USD | 40,696,000USD | 47,889,000USD | 57,575,000USD | 47,583,000USD | — |
| Short Term Investments | 6,648,000USD | 254,534,000USD | 1,046,000USD | 1,331,000USD | 778,000USD | — | — | — |
| Net Receivables | 663,934,000USD | 284,533,000USD | 202,126,000USD | 264,446,000USD | 150,794,000USD | 108,884,000USD | 158,438,000USD | 145,998,000USD |
| Accounts Payable | 73,034,000USD | 59,549,000USD | 42,202,000USD | 51,427,000USD | 34,066,000USD | 109,969,000USD | 31,846,000USD | 34,308,000USD |
| Property Plant Equipment Net | 3,865,672,000USD | 6,392,812,000USD | 6,426,101,000USD | 6,603,463,000USD | 5,808,362,000USD | 5,050,886,000USD | 5,366,819,000USD | 2,786,355,000USD |
| Property Plant Equipment Gross | 11,628,233,000USD | 10,672,904,000USD | 10,673,883,000USD | 6,603,463,000USD | 5,808,362,000USD | 5,050,886,000USD | 5,366,819,000USD | 2,786,355,000USD |
| Accumulated Other Comprehensive Income | -664,098,000USD | -760,280,000USD | -615,198,000USD | -590,510,000USD | -762,309,000USD | -807,582,000USD | -568,765,000USD | -511,905,000USD |
| Common Stock Shares Outstanding | 107,533,000shares | 108,080,000shares | 108,907,000shares | 109,386,000shares | 111,177,000shares | 113,465,000shares | 114,693,000shares | 116,515,000shares |
| Non Current Assets Total | 10,472,058,000USD | 9,438,616,000USD | 9,694,174,000USD | 10,102,308,000USD | 9,187,253,000USD | 8,685,028,000USD | 9,425,670,000USD | 6,839,853,000USD |
| Non Current Liabilities Total | 14,114,863,000USD | 14,675,206,000USD | 13,951,017,000USD | 15,132,857,000USD | 14,451,522,000USD | 13,352,405,000USD | 12,362,603,000USD | 9,384,251,000USD |
| Non Current Liabilities Other | 588,244,000USD | 367,942,000USD | 404,161,000USD | 248,067,000USD | 191,475,000USD | 2,280,609,000USD | 2,550,268,000USD | 387,426,000USD |
| Non Currrent Assets Other | 254,607,000USD | 582,344,000USD | 720,463,000USD | 665,504,000USD | 475,837,000USD | 366,695,000USD | 414,481,000USD | 703,703,000USD |
| Net Working Capital | -1,904,870,000USD | 180,784,000USD | -878,992,000USD | -214,031,000USD | -1,885,000USD | -141,811,000USD | -714,022,000USD | -832,425,000USD |
| Unclassified Current Assets | -337,607,000USD | — | — | -41,959,000USD | -79,988,000USD | -44,357,000USD | -34,878,000USD | -77,918,000USD |
| Unclassified Non Current Assets | 3,448,609,000USD | — | — | -482,644,000USD | -523,726,000USD | -2,797,830,000USD | -414,481,000USD | -703,703,000USD |
| Unclassified Current Liabilities | -2,126,145,000USD | -1,180,709,000USD | -635,996,000USD | — | -7,928,000USD | -14,417,000USD | -512,492,000USD | -933,800,000USD |
| Unclassified Non Current Liabilities | 2,562,153,000USD | 1,903,439,000USD | 1,865,686,000USD | 1,784,814,000USD | 1,783,533,000USD | -191,034,000USD | -185,452,000USD | -414,446,000USD |
| Unclassified Equity | 3,058,370,000USD | 2,974,379,000USD | 2,892,980,000USD | 2,794,096,000USD | 2,680,258,000USD | 2,585,032,000USD | 2,460,217,000USD | 2,269,202,000USD |
| Inventory | — | — | 1USD | 41,959,000USD | 79,988,000USD | 44,357,000USD | 34,878,000USD | 77,918,000USD |
| Deferred Long Term Liab | — | — | — | 7,747,000USD | 6,345,000USD | 4,788,000USD | 4,865,000USD | 27,020,000USD |
| Other Liab | — | — | — | 248,067,000USD | 191,475,000USD | 186,246,000USD | 180,587,000USD | 387,426,000USD |
| Other Assets | — | — | — | 498,817,000USD | 575,644,000USD | 2,851,552,000USD | 384,495,000USD | 722,033,000USD |
| Net Tangible Assets | — | — | — | -8,021,052,000USD | -8,086,651,000USD | -7,965,338,000USD | -7,277,728,000USD | -6,708,288,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD |
|---|---|
| Depreciation | 138,600,000USD |
| Stock Based Compensation | 45,734,000USD |
| Deferred Income Tax | 36,942,000USD |
| Other Non Cash Items | -26,901,000USD |
| Change To Liabilities | -16,252,000USD |
| Change In Working Capital | -17,038,000USD |
| Operating Cash Flow | 662,263,000USD |
| Capital Expenditures | -110,816,000USD |
| Net Investments | -25,530,000USD |
| Other Investing Activities | -165,374,000USD |
| Unclassified Investing Cash Flow | -8,772,000USD |
| Investing Cash Flow | -310,492,000USD |
| Common Stock Issuance | 37,031,000USD |
| Net Common Stock Issuance | -2,245,000USD |
| Common Dividends Paid | -267,846,000USD |
| Other Financing Activities | -1,657,000USD |
| Unclassified Financing Cash Flow | -201,627,000USD |
| Financing Cash Flow | -436,344,000USD |
| Effect Of Forex Changes On Cash | 8,311,000USD |
| Change In Cash | -76,262,000USD |
| End Cash Flow | 360,759,000USD |
| Source | DisclosureDeterministicFinal |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD | Q1 20242024-03-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | 184,902,000USD | 370,426,000USD | 240,433,000USD | 217,906,000USD | 178,791,000USD | 255,892,000USD | 159,451,000USD | 154,543,000USD |
| Depreciation | 81,316,000USD | 80,390,000USD | 76,882,000USD | 65,048,000USD | 65,073,000USD | 63,515,000USD | 64,179,000USD | 76,750,000USD |
| Stock Based Compensation | 18,936,000USD | 19,182,000USD | 19,323,000USD | 15,713,000USD | 17,935,000USD | 16,372,000USD | 18,598,000USD | 21,469,000USD |
| Other Non Cash Items | 24,669,000USD | -73,356,000USD | -4,783,000USD | 19,868,000USD | 151,653,000USD | 994,000USD | 142,781,000USD | 103,013,000USD |
| Change To Account Receivables | 15,958,000USD | — | -16,517,000USD | 10,399,000USD | -35,171,000USD | -27,079,000USD | 29,266,000USD | 51,093,000USD |
| Change In Working Capital | -80,183,000USD | -92,617,000USD | -46,601,000USD | -53,042,000USD | -73,143,000USD | -62,301,000USD | 61,993,000USD | -69,605,000USD |
| Total Cash From Operating Activities | 255,085,000USD | 304,025,000USD | 318,030,000USD | 301,175,000USD | 310,169,000USD | 304,651,000USD | 425,593,000USD | 294,453,000USD |
| Capital Expenditures | -48,397,000USD | -62,728,000USD | -60,053,000USD | -46,173,000USD | -55,549,000USD | -64,756,000USD | -49,973,000USD | -57,871,000USD |
| Free Cash Flow | 206,688,000USD | 241,297,000USD | 257,977,000USD | 255,002,000USD | 254,620,000USD | 239,895,000USD | 375,620,000USD | 236,582,000USD |
| Investments | -107,129,000USD | -13,983,000USD | -78,312,000USD | 238,266,000USD | -328,890,000USD | -273,902,000USD | -121,208,000USD | -85,310,000USD |
| Total Cashflows From Investing Activities | -296,771,000USD | -180,821,000USD | -78,312,000USD | 238,266,000USD | -328,890,000USD | -273,902,000USD | -121,208,000USD | -85,310,000USD |
| Net Borrowings | 54,250,000USD | 189,250,000USD | 188,500,000USD | -1,170,750,000USD | 1,264,873,000USD | 34,250,000USD | — | — |
| Total Cash From Financing Activities | -69,614,000USD | -143,360,000USD | -79,802,000USD | -1,282,135,000USD | 1,179,590,000USD | -65,913,000USD | -276,523,000USD | -191,412,000USD |
| Dividends Paid | -135,195,000USD | -118,232,000USD | -119,140,000USD | -122,275,000USD | -105,383,000USD | -105,344,000USD | -105,329,000USD | -108,135,000USD |
| Change In Cash | -104,509,000USD | -28,401,000USD | 164,871,000USD | -736,551,000USD | 1,149,165,000USD | -31,652,000USD | 18,812,000USD | 13,386,000USD |
| Begin Period Cash Flow | 437,021,000USD | 460,773,000USD | 300,523,000USD | 1,400,657,000USD | 251,492,000USD | 283,144,000USD | 264,332,000USD | 250,946,000USD |
| End Period Cash Flow | 332,512,000USD | 432,372,000USD | 465,394,000USD | 664,106,000USD | 1,400,657,000USD | 251,492,000USD | 283,144,000USD | 264,332,000USD |
| Other Cashflows From Investing Activities | 75,000USD | 290,303,000USD | -6,854,000USD | 160,363,000USD | -3,384,000USD | -5,939,000USD | -899,000USD | -7,195,000USD |
| Other Cashflows From Financing Activities | -22,686,000USD | -2,167,000USD | 1,673,000USD | 35,178,000USD | 20,714,000USD | -661,000USD | 3,428,000USD | 1,055,000USD |
| Unclassified Operating Cash Flow | 25,445,000USD | — | 32,776,000USD | 35,682,000USD | -30,140,000USD | 30,179,000USD | -21,409,000USD | 8,283,000USD |
| Unclassified Investing Cash Flow | -141,320,000USD | -394,413,000USD | 66,907,000USD | -114,190,000USD | 58,933,000USD | 70,695,000USD | 50,872,000USD | 65,066,000USD |
| Unclassified Financing Cash Flow | 34,017,000USD | 4,063,000USD | — | — | — | 5,968,000USD | -80,760,000USD | 21,825,000USD |
| Sale Purchase Of Stock | — | -216,274,000USD | -150,835,000USD | -24,288,000USD | -614,000USD | -126,000USD | -93,862,000USD | -106,157,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD | FY 20182018-12-31 · USD | FY 20172017-12-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | 748,677,000USD | 501,812,000USD | 459,799,000USD | 237,624,000USD | 24,046,000USD | 147,284,000USD | 47,449,000USD | 103,652,000USD |
| Depreciation | 269,517,000USD | 736,515,000USD | 707,576,000USD | 700,161,000USD | 721,970,000USD | 697,076,000USD | 672,113,000USD | 643,101,000USD |
| Stock Based Compensation | 74,374,000USD | 87,919,000USD | 99,908,000USD | 84,403,000USD | 68,889,000USD | 73,214,000USD | 42,327,000USD | 38,249,000USD |
| Other Non Cash Items | 398,441,000USD | 149,048,000USD | 98,636,000USD | 211,206,000USD | 327,223,000USD | 41,331,000USD | 125,846,000USD | 28,328,000USD |
| Change To Account Receivables | 18,109,000USD | 44,386,000USD | -81,351,000USD | -38,237,000USD | 38,195,000USD | -12,146,000USD | -29,427,000USD | -20,893,000USD |
| Change In Working Capital | -143,056,000USD | 64,470,000USD | -81,120,000USD | -34,982,000USD | 47,092,000USD | 10,052,000USD | -46,905,000USD | -28,532,000USD |
| Total Cash From Operating Activities | 1,334,866,000USD | 1,544,393,000USD | 1,317,700,000USD | 1,189,859,000USD | 1,126,033,000USD | 984,892,000USD | 852,145,000USD | 819,606,000USD |
| Capital Expenditures | -228,149,000USD | -236,698,000USD | -214,443,000USD | -133,638,000USD | -128,566,000USD | -154,236,000USD | -149,812,000USD | -148,180,000USD |
| Free Cash Flow | 1,106,717,000USD | 1,307,695,000USD | 1,103,257,000USD | 1,056,221,000USD | 997,467,000USD | 830,656,000USD | 702,333,000USD | 671,426,000USD |
| Investments | -809,310,000USD | -1,164,219,000USD | -1,393,654,000USD | -1,423,260,000USD | -49,499,000USD | -13,156,000USD | -6,093,000USD | 231,000USD |
| Total Cashflows From Investing Activities | -809,310,000USD | -468,246,000USD | -1,393,654,000USD | -1,423,260,000USD | -446,366,000USD | -947,158,000USD | -618,347,000USD | -606,243,000USD |
| Net Borrowings | 1,240,188,000USD | -564,000,000USD | 569,885,000USD | 1,173,469,000USD | 546,036,000USD | 373,458,000USD | 591,684,000USD | 510,872,000USD |
| Total Cash From Financing Activities | 645,742,000USD | -1,017,218,000USD | -167,474,000USD | 339,264,000USD | -469,017,000USD | -62,314,000USD | -148,537,000USD | -294,574,000USD |
| Dividends Paid | -424,191,000USD | -369,960,000USD | -306,766,000USD | -253,580,000USD | -207,689,000USD | -83,387,000USD | -83,387,000USD | -83,387,000USD |
| Sale Purchase Of Stock | -200,019,000USD | -100,010,000USD | -431,666,000USD | -582,578,000USD | -859,335,000USD | -466,982,000USD | -795,581,000USD | -854,534,000USD |
| Change In Cash | 1,149,711,000USD | 61,663,000USD | -246,343,000USD | 92,818,000USD | 201,688,000USD | -37,180,000USD | 74,005,000USD | -81,675,000USD |
| Begin Period Cash Flow | 250,946,000USD | 189,283,000USD | 435,626,000USD | 342,808,000USD | 141,120,000USD | 178,300,000USD | 104,295,000USD | 185,970,000USD |
| End Period Cash Flow | 1,400,657,000USD | 250,946,000USD | 189,283,000USD | 435,626,000USD | 342,808,000USD | 141,120,000USD | 178,300,000USD | 104,295,000USD |
| Other Cashflows From Investing Activities | -17,417,000USD | -19,301,000USD | -1,175,568,000USD | -1,288,932,000USD | -268,301,000USD | -779,766,000USD | -10,613,000USD | -15,380,000USD |
| Other Cashflows From Financing Activities | 29,764,000USD | -7,248,000USD | 1,480,958,000USD | -74,185,000USD | -230,863,000USD | -8,183,000USD | 55,360,000USD | 49,088,000USD |
| Unclassified Investing Cash Flow | 245,566,000USD | 951,972,000USD | 1,390,011,000USD | 1,422,570,000USD | — | — | -451,829,000USD | -442,914,000USD |
| Change To Inventory | — | -44,386,000USD | 81,351,000USD | 38,237,000USD | -38,195,000USD | 12,146,000USD | — | 0USD |
| Unclassified Financing Cash Flow | — | 24,000,000USD | -1,479,885,000USD | 76,138,000USD | 282,834,000USD | 122,780,000USD | 83,387,000USD | 83,387,000USD |
| Change To Liabilities | — | — | -8,025,000USD | 30,322,000USD | -1,184,000USD | 676,000USD | 20,560,000USD | 8,111,000USD |
| Cash And Cash Equivalents Changes | — | — | -243,428,000USD | 105,900,000USD | 210,650,000USD | -39,427,000USD | 83,734,000USD | -81,211,000USD |
| Unclassified Operating Cash Flow | — | — | 32,901,000USD | — | -63,187,000USD | 15,935,000USD | 11,315,000USD | 34,808,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q2 2026Quarterly · 2026-06-30 | Segment | Domestic Site Leasing Revenue | 452,448,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Segment | International Site Leasing Revenue | 211,437,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Segment | Site Development Construction | 51,389,000 | USD | Disclosure |
| Q1 2026Quarterly · 2026-03-31 | Segment | Domestic Site Leasing Revenue | 450,301,000 | USD | 0001034054-26-000009 |
| Q1 2026Quarterly · 2026-03-31 | Segment | International Site Leasing Revenue | 205,848,000 | USD | 0001034054-26-000009 |
| Q1 2026Quarterly · 2026-03-31 | Segment | Site Development Construction | 47,289,000 | USD | 0001034054-26-000009 |
| Q4 2025Quarterly · 2025-12-31 | Segment | Domestic Site Leasing Revenue | 464,550,000 | USD | Legacy provider |
| Q4 2025Quarterly · 2025-12-31 | Segment | International Site Leasing Revenue | 201,667,000 | USD | Legacy provider |
| Q4 2025Quarterly · 2025-12-31 | Segment | Site Development Construction | 53,366,000 | USD | Legacy provider |
| FY 2025Yearly · 2025-12-31 | Segment | Domestic Site Leasing Revenue | 1,865,602,000 | USD | 0001034054-26-000002 |
| FY 2025Yearly · 2025-12-31 | Segment | International Site Leasing Revenue | 705,039,000 | USD | 0001034054-26-000002 |
| FY 2025Yearly · 2025-12-31 | Segment | Site Development Construction | 244,498,000 | USD | 0001034054-26-000002 |
| Q3 2025Quarterly · 2025-09-30 | Segment | Domestic Site Leasing Revenue | 470,251,000 | USD | 0001034054-25-000010 |
| Q3 2025Quarterly · 2025-09-30 | Segment | International Site Leasing Revenue | 186,176,000 | USD | 0001034054-25-000010 |
| Q3 2025Quarterly · 2025-09-30 | Segment | Site Development Construction | 75,900,000 | USD | 0001034054-25-000010 |
| Q2 2025Quarterly · 2025-06-30 | Segment | Domestic Site Leasing Revenue | 469,807,000 | USD | 0001034054-25-000008 |
| Q2 2025Quarterly · 2025-06-30 | Segment | International Site Leasing Revenue | 161,981,000 | USD | 0001034054-25-000008 |
| Q2 2025Quarterly · 2025-06-30 | Segment | Site Development Construction | 67,193,000 | USD | 0001034054-25-000008 |
| Q1 2025Quarterly · 2025-03-31 | Segment | Domestic Site Leasing Revenue | 460,994,000 | USD | 0001034054-26-000009 |
| Q1 2025Quarterly · 2025-03-31 | Segment | International Site Leasing Revenue | 155,215,000 | USD | 0001034054-26-000009 |
| Q1 2025Quarterly · 2025-03-31 | Segment | Site Development Construction | 48,039,000 | USD | 0001034054-26-000009 |
| Q4 2024Quarterly · 2024-12-31 | Segment | Domestic Site Leasing Revenue | 471,861,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Segment | International Site Leasing Revenue | 174,474,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Segment | Site Development Construction | 47,365,000 | USD | Legacy provider |
| FY 2024Yearly · 2024-12-31 | Segment | Domestic Site Leasing Revenue | 1,861,424,000 | USD | 0001034054-26-000002 |
| FY 2024Yearly · 2024-12-31 | Segment | International Site Leasing Revenue | 665,341,000 | USD | 0001034054-26-000002 |
| FY 2024Yearly · 2024-12-31 | Segment | Site Development Construction | 152,869,000 | USD | 0001034054-26-000002 |
| Q3 2024Quarterly · 2024-09-30 | Segment | Domestic Site Leasing Revenue | 464,860,000 | USD | 0001034054-25-000010 |
| Q3 2024Quarterly · 2024-09-30 | Segment | International Site Leasing Revenue | 160,837,000 | USD | 0001034054-25-000010 |
| Q3 2024Quarterly · 2024-09-30 | Segment | Site Development Construction | 41,898,000 | USD | 0001034054-25-000010 |
| FY 2023Yearly · 2023-12-31 | Segment | Domestic Site Leasing Revenue | 1,846,554,000 | USD | 0001034054-26-000002 |
| FY 2023Yearly · 2023-12-31 | Segment | International Site Leasing Revenue | 670,381,000 | USD | 0001034054-26-000002 |
| FY 2023Yearly · 2023-12-31 | Segment | Site Development Construction | 194,649,000 | USD | 0001034054-26-000002 |
| FY 2022Yearly · 2022-12-31 | Segment | Domestic Site Leasing Revenue | 1,777,593,000 | USD | 0001034054-25-000002 |
| FY 2022Yearly · 2022-12-31 | Segment | International Site Leasing Revenue | 558,982,000 | USD | 0001034054-25-000002 |
| FY 2022Yearly · 2022-12-31 | Segment | Site Development Construction | 296,879,000 | USD | 0001034054-25-000002 |
| FY 2021Yearly · 2021-12-31 | Segment | Domestic Site Leasing Revenue | 1,681,372,000 | USD | 0001034054-24-000002 |
| FY 2021Yearly · 2021-12-31 | Segment | International Site Leasing Revenue | 422,715,000 | USD | 0001034054-24-000002 |
| FY 2021Yearly · 2021-12-31 | Segment | Site Development Construction | 204,747,000 | USD | 0001034054-24-000002 |
| FY 2020Yearly · 2020-12-31 | Segment | Domestic Site Leasing Revenue | 1,558,311,000 | USD | 0001034054-23-000002 |
| FY 2020Yearly · 2020-12-31 | Segment | International Site Leasing Revenue | 396,161,000 | USD | 0001034054-23-000002 |
| FY 2020Yearly · 2020-12-31 | Segment | Site Development Construction | 128,666,000 | USD | 0001034054-23-000002 |
| FY 2019Yearly · 2019-12-31 | Segment | Domestic Site Leasing Revenue | 1,487,108,000 | USD | 0001034054-22-000002 |
| FY 2019Yearly · 2019-12-31 | Segment | International Site Leasing Revenue | 373,750,000 | USD | 0001034054-22-000002 |
| FY 2019Yearly · 2019-12-31 | Segment | Site Development Construction | 153,787,000 | USD | 0001034054-22-000002 |
| FY 2018Yearly · 2018-12-31 | Segment | Domestic Site Leasing Revenue | 1,400,095,000 | USD | 0001034054-21-000003 |
| FY 2018Yearly · 2018-12-31 | Segment | International Site Leasing Revenue | 340,339,000 | USD | 0001034054-21-000003 |
| FY 2018Yearly · 2018-12-31 | Segment | Site Development Construction | 125,261,000 | USD | 0001034054-21-000003 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.