NASDAQ · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP
SBA Communications Corp. SBAC
18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.8B
▲ 5.1% vs FY2024
EPS · FY25
$9.80
Dividend / sh · FY25
—
Payout · FY25
45%
ROE · FY25
—
Net margin · FY25
37.4%
Dividend coverage
—
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Result
USD 2.8B
Revenue, FY2025 · full 18-year series below
Revenue
Net income
37 cents of every revenue dollar became profit this year.
Per share
USD 9.80
Diluted EPS, FY2025
EPS
The company pays no cash dividend.
Profitability
—
Return on equity, FY2025
ROE
Operating margin47.7%
Net margin37.4%
Return on assets9.2%
Returned to shareholders
USD 928.8M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 479.0M
Net buybacksUSD 449.8M
Share of profit88.2%
Consecutive raises—
USD 479.0M in dividends and USD 449.8M in buybacks — 88% of the year's profit went back to shareholders.
Growth
+6.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.2%
+6.2%
+5.6%
+10.5%
Net income
+31.7%
+112.9%
EPS, diluted
+32.4%
+115.7%
Returned to shareholders
+9.5%
+0.1%
+8.1%
+16.6%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.11B
Shares outstanding, FY2025
Change, 5 years−3.8%
Change, 10 years−1.5%
The share count shrank 4% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 11.6B
total assets, end of FY2025
Total assetsUSD 11.6B
EquityUSD -4.9B
CashUSD 264.6M
Gross debtUSD 12.9B
Net debtUSD 12.6B
Current ratio0.29×
Net debt stands at -260% of equity.
History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
2.8
2.7
2.7
2.6
2.3
2.1
2.0
1.9
1.7
1.6
1.6
1.5
1.3
1.0
0.7
0.6
0.6
0.5
Operating income $B
1.3
1.4
0.9
0.9
0.8
0.6
0.6
0.5
0.5
0.4
0.3
0.3
0.2
0.1
0.1
0.1
0.1
0.0
EBITDA $B
1.6
1.7
1.6
1.6
1.5
1.4
1.3
1.2
1.1
1.0
1.0
1.0
0.8
0.6
0.4
0.4
0.3
0.3
Income tax $B
0.2
0.0
0.1
0.1
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
1.1
0.7
0.5
0.5
0.2
0.0
0.1
0.0
0.1
0.1
−0.2
−0.0
−0.1
−0.2
−0.1
−0.2
−0.1
−0.1
EPS, diluted $
9.80
6.94
4.61
4.22
2.14
0.21
1.28
0.41
0.86
0.61
−1.37
−0.19
−0.44
−1.51
−1.14
−1.68
−1.20
·
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
45
57
74
66
107
862
57
·
·
·
·
·
·
·
·
·
·
·
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
−11.1
−56.4
−82.7
−42.5
−22.5
−10.3
Shares out B
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.12
·
·
·
0.13
0.13
0.11
0.11
0.12
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
63 of 63
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed