SBAC Q3 2024 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q3 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$668M-2.2% YoY

Gross Profit

$512M76.7% margin

Operating Income

$376M56.3% margin

Net Income

$259M38.7% margin

EPS (Diluted)

$2.40

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$305M

Free Cash Flow

$240M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$10.2B

Total Liabilities

$15.3B

Stockholders' Equity

-$5.2B

Cash & Equivalents

$186M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$668M	$683M	-2.2%
Gross Profit	$512M	$527M	-2.9%
Operating Income	$376M	$249M	+51.1%
Net Income	$259M	$87M	+195.7%

Revenue Segments

Domestic Site Leasing Revenue

$465M70%

International Site Leasing Revenue

$161M24%

Site Development Construction

$42M6%