SBA Communications Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.82B | $2.67B | $2.71B | $2.63B | $2.31B | $2.08B | $2.01B |
| Site Leasing | — | — | $2.51B | $2.51B | $2.37B | $2.11B | $1.95B | $1.86B |
| Site Development | — | — | $154.7M | $197.9M | $258.9M | $200.3M | $128.9M | $152.7M |
| Cost of Revenue | — | $691.0M | $581.7M | $612.6M | $668.7M | $545.5M | $476.5M | $493.0M |
| Gross Profit | — | $2.12B | $2.10B | $2.10B | $1.96B | $1.76B | $1.61B | $1.52B |
| Gross Margin | — | 75.5% | 78.6% | 77.4% | 74.6% | 76.3% | 77.1% | 75.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $277.6M | $258.8M | $267.9M | $261.9M | $220.0M | $194.3M | $192.7M |
| Operating Income | — | $1.34B | $1.44B | $923.7M | $925.4M | $782.5M | $633.7M | $583.5M |
| Operating Margin | — | 47.7% | 53.8% | 34.1% | 35.1% | 33.9% | 30.4% | 29.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $1.24B | $772.7M | $548.5M | $525.8M | $252.6M | $-17.7M | $186.9M |
| Income Tax Expense | — | $187.6M | $24.0M | $51.1M | $66.0M | $14.9M | $-41.8M | $39.6M |
| Net Income | — | $1.05B | $749.5M | $501.8M | $461.4M | $237.6M | $24.1M | $147.0M |
| Net Margin | — | 37.4% | 28.1% | 18.5% | 17.5% | 10.3% | 1.2% | 7.3% |
| EPS (Basic) | — | $9.83 | $6.96 | $4.64 | $4.27 | $2.17 | $0.22 | $1.30 |
| EPS (Diluted) | — | $9.80 | $6.94 | $4.61 | $4.22 | $2.14 | $0.21 | $1.28 |
| Shares Outstanding (Basic) | 105.8M | 107.2M | 107.6M | 108.2M | 108.0M | 109.3M | 111.5M | 112.8M |
| Shares Outstanding (Diluted) | 105.8M | 107.5M | 108.1M | 108.9M | 109.4M | 111.2M | 113.5M | 114.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |