SBAC Q3 2021 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$20B

Q3 2021 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$589M+12.7% YoY

Gross Profit

$444M75.3% margin

Operating Income

$212M35.9% margin

Net Income

$48M8.1% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$253M

Free Cash Flow

$218M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$9.7B

Total Liabilities

$14.6B

Stockholders' Equity

-$5.0B

Cash & Equivalents

$188M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$589M	$523M	+12.7%
Gross Profit	$444M	$397M	+11.6%
Operating Income	$212M	$160M	+32.1%
Net Income	$48M	$23M	+111.8%

Revenue Segments

Domestic Site Leasing Revenue

$427M72%

International Site Leasing Revenue

$109M18%

Site Development Construction

$54M9%