SBAC Q2 2023 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q2 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$679M+4.1% YoY

Gross Profit

$519M76.5% margin

Operating Income

$241M35.6% margin

Net Income

$204M30.0% margin

EPS (Diluted)

$1.87

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$487M

Free Cash Flow

$423M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$15.7B

Stockholders' Equity

-$5.1B

Cash & Equivalents

$179M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$679M	$652M	+4.1%
Gross Profit	$519M	$479M	+8.4%
Operating Income	$241M	$231M	+4.4%
Net Income	$204M	$70M	+193.0%

Revenue Segments

Domestic Site Leasing Revenue

$457M67%

International Site Leasing Revenue

$169M25%

Site Development Construction

$52M8%