SBAC Q1 2024 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q1 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$658M-2.6% YoY

Gross Profit

$512M77.9% margin

Operating Income

$323M49.2% margin

Net Income

$155M23.5% margin

EPS (Diluted)

$1.42

QoQ Revenue Growth

-2.5%

Cash Flow

Operating Cash Flow

$294M

Free Cash Flow

$237M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$10.0B

Total Liabilities

$15.2B

Stockholders' Equity

-$5.2B

Cash & Equivalents

$240M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$658M	$676M	-2.6%
Gross Profit	$512M	$505M	+1.4%
Operating Income	$323M	$224M	+44.3%
Net Income	$155M	$101M	+52.7%

Revenue Segments

Domestic Site Leasing Revenue

$461M70%

International Site Leasing Revenue

$167M25%

Site Development Construction

$30M4%