SBA COMMUNICATIONS CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.7B | $2.6B | $2.3B |
| Gross profit | $2.1B | $2.1B | $2.1B | $2.0B | $1.8B |
| Operating income | $1.3B | $1.4B | $923.7M | $925.4M | $782.5M |
| Cost of revenue | $199.0M | $118.7M | $139.9M | $223.0M | $159.1M |
| Cash from operations | $1.3B | $1.3B | $1.5B | $1.3B | $1.2B |
| Capital expenditure | $224.8M | $228.1M | $236.7M | $214.4M | $133.7M |
| Free cash flow | $1.1B | $1.1B | $1.3B | $1.1B | $1.1B |
| Share repurchases | $497.8M | $200.0M | $100.0M | $431.7M | $582.6M |
| Impairments | $184.2M | $107.9M | $169.4M | $43.2M | $33.0M |
| Total assets | $11.6B | $11.4B | $10.2B | $10.6B | $9.8B |
Shares outstanding 106.1M · Free float 93.9%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.