SBAC Q2 2024 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q2 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$660M-2.7% YoY

Gross Profit

$513M77.6% margin

Operating Income

$354M53.7% margin

Net Income

$163M24.7% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$426M

Free Cash Flow

$376M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$9.8B

Total Liabilities

$15.1B

Stockholders' Equity

-$5.3B

Cash & Equivalents

$221M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$660M	$679M	-2.7%
Gross Profit	$513M	$519M	-1.3%
Operating Income	$354M	$241M	+46.9%
Net Income	$163M	$204M	-20.0%

Revenue Segments

Domestic Site Leasing Revenue

$463M70%

International Site Leasing Revenue

$163M25%

Site Development Construction

$34M5%