SBAC Q1 2022 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q1 2022 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$620M+12.9% YoY

Gross Profit

$462M74.5% margin

Operating Income

$217M35.0% margin

Net Income

$189M30.4% margin

EPS (Diluted)

$1.72

QoQ Revenue Growth

+4.1%

Cash Flow

Operating Cash Flow

$292M

Free Cash Flow

$254M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$10.1B

Total Liabilities

$15.5B

Stockholders' Equity

-$5.4B

Cash & Equivalents

$264M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$620M	$549M	+12.9%
Gross Profit	$462M	$414M	+11.5%
Operating Income	$217M	$174M	+24.9%
Net Income	$189M	-$12M	+1706.0%

Revenue Segments

Domestic Site Leasing Revenue

$433M70%

International Site Leasing Revenue

$126M20%

Site Development Construction

$60M10%