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SBAC Q4 2025 Earnings — SBA Communications Corporation Revenue & Financial Results | Market Cap Arena
SBAC
SBA Communications Corporation
$21B
Q4 2025 Earnings
Real Estate
REIT - Specialty
Income Statement
Revenue
$720M
+3.7% YoY
Gross Profit
$220M
30.6% margin
Operating Income
$308M
42.8% margin
Net Income
$370M
51.5% margin
EPS (Diluted)
$3.47
QoQ Revenue Growth
-1.7%
Cash Flow
Operating Cash Flow
$304M
Free Cash Flow
$241M
Stock-Based Comp.
$19M
Balance Sheet
Total Assets
$11.6B
Total Liabilities
$16.4B
Stockholders' Equity
-$4.9B
Cash & Equivalents
$265M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$720M
$694M
+3.7%
Gross Profit
$220M
$535M
-58.8%
Operating Income
$308M
$382M
-19.5%
Net Income
$370M
$174M
+113.3%
Revenue Segments
Domestic Site Leasing Revenue
$465M
65%
International Site Leasing Revenue
$202M
28%
Site Development Construction
$53M
7%
Geographic Segments
Domestic Site Leasing Revenue
$926M
72%
International Site Leasing Revenue
$357M
28%
← FY 2025
All Quarters