SBAC Q3 2023 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q3 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$683M+1.0% YoY

Gross Profit

$527M77.2% margin

Operating Income

$249M36.4% margin

Net Income

$87M12.8% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$314M

Free Cash Flow

$252M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$10.3B

Total Liabilities

$15.5B

Stockholders' Equity

-$5.2B

Cash & Equivalents

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$683M	$676M	+1.0%
Gross Profit	$527M	$491M	+7.3%
Operating Income	$249M	$243M	+2.3%
Net Income	$87M	$100M	-12.6%

Revenue Segments

Domestic Site Leasing Revenue

$468M69%

International Site Leasing Revenue

$169M25%

Site Development Construction

$45M7%