SBAC Q4 2023 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena

SBACSBA Communications Corporation

$21B

Q4 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$675M-1.6% YoY

Gross Profit

$526M77.9% margin

Operating Income

$210M31.1% margin

Net Income

$110M16.2% margin

EPS (Diluted)

$1.01

QoQ Revenue Growth

-1.1%

Cash Flow

Operating Cash Flow

$433M

Free Cash Flow

$333M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$10.2B

Total Liabilities

$15.3B

Stockholders' Equity

-$5.2B

Cash & Equivalents

$209M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$675M	$686M	-1.6%
Gross Profit	$526M	$506M	+3.9%
Operating Income	$210M	$235M	-10.6%
Net Income	$110M	$103M	+6.1%

Revenue Segments

Domestic Site Leasing Revenue

$467M69%

International Site Leasing Revenue

$169M25%

Site Development Construction

$39M6%