# SBA Communications Corp: overview

SBAC · Nasdaq · CIK 1034054 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/sbac.md) · [Financials](/companies/sbac/financials.md) · [Filings](/companies/sbac/filings.md) · [Insiders](/companies/sbac/insiders.md)

Latest reported revenue: [$51.4m](/filings/0001034054-26-000011.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001034054-26-000011).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [41.9](/filings/0001034054-25-000010.md) | [694](/filings/0001034054-26-000002.md) | [48.0](/filings/0001034054-26-000009.md) | [67.2](/filings/0001034054-26-000011.md) | [75.9](/filings/0001034054-25-000010.md) | [720](/filings/0001034054-26-000002.md) | [47.3](/filings/0001034054-26-000009.md) | [51.4](/filings/0001034054-26-000011.md) |
| Gross margin | % | [1234.6%](/filings/0001034054-25-000010.md) | [78.1% d](/filings/0001034054-26-000002.md) | [1062.8%](/filings/0001034054-26-000009.md) | [784.1%](/filings/0001034054-26-000011.md) | [714.8%](/filings/0001034054-25-000010.md) | [75.6% d](/filings/0001034054-26-000002.md) | [1125.2%](/filings/0001034054-26-000009.md) | [1049.4%](/filings/0001034054-26-000011.md) |
| Operating margin | % | [896.5%](/filings/0001034054-26-000002.md) | [55.1%](/filings/0001034054-26-000002.md) | [697.2%](/filings/0001034054-26-000009.md) | [498.2%](/filings/0001034054-26-000011.md) | [493.0%](/filings/0001034054-26-000002.md) | [41.5%](/filings/0001034054-26-000002.md) | [725.0%](/filings/0001034054-26-000009.md) | [684.7%](/filings/0001034054-26-000011.md) |
| Net margin | % | [617.1%](/filings/0001034054-26-000002.md) | [25.0%](/filings/0001034054-26-000002.md) | [459.5%](/filings/0001034054-26-000009.md) | [336.0%](/filings/0001034054-26-000011.md) | [312.0%](/filings/0001034054-26-000002.md) | [51.5%](/filings/0001034054-26-000002.md) | [390.9%](/filings/0001034054-26-000009.md) | [386.8%](/filings/0001034054-26-000011.md) |
| Diluted EPS | $ per share | [2.40](/filings/0001034054-26-000002.md) | [1.61](/filings/0001034054-26-000002.md) | [2.04](/filings/0001034054-26-000009.md) | [2.09](/filings/0001034054-26-000011.md) | [2.20](/filings/0001034054-26-000002.md) | [3.47](/filings/0001034054-26-000002.md) | [1.74](/filings/0001034054-26-000009.md) | [1.87](/filings/0001034054-26-000011.md) |
| Free cash flow | $m | [32.4 d](/filings/0001034054-25-000010.md) | [255 d](/filings/0001034054-26-000002.md) | [255](/filings/0001034054-26-000009.md) | [(279) d](/filings/0001034054-26-000011.md) | [243 d](/filings/0001034054-25-000010.md) | [241 d](/filings/0001034054-26-000002.md) | [207](/filings/0001034054-26-000009.md) | [345 d](/filings/0001034054-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [205](/filings/0001034054-24-000002.md) | [297](/filings/0001034054-25-000002.md) | [195](/filings/0001034054-26-000002.md) | [153](/filings/0001034054-26-000002.md) | [244](/filings/0001034054-26-000002.md) |
| Gross margin | % | [861.2%](/filings/0001034054-24-000002.md) | [661.8%](/filings/0001034054-25-000002.md) | [1078.3%](/filings/0001034054-26-000002.md) | [1372.4%](/filings/0001034054-26-000002.md) | [868.8%](/filings/0001034054-26-000002.md) |
| Operating margin | % | [382.2%](/filings/0001034054-24-000002.md) | [311.7%](/filings/0001034054-25-000002.md) | [474.5%](/filings/0001034054-26-000002.md) | [939.2%](/filings/0001034054-26-000002.md) | [549.2%](/filings/0001034054-26-000002.md) |
| Net margin | % | [116.1%](/filings/0001034054-24-000002.md) | [155.4%](/filings/0001034054-25-000002.md) | [257.8%](/filings/0001034054-26-000002.md) | [490.3%](/filings/0001034054-26-000002.md) | [430.9%](/filings/0001034054-26-000002.md) |
| Diluted EPS | $ per share | [2.14](/filings/0001034054-24-000002.md) | [4.22](/filings/0001034054-25-000002.md) | [4.61](/filings/0001034054-26-000002.md) | [6.94](/filings/0001034054-26-000002.md) | [9.80](/filings/0001034054-26-000002.md) |
| Free cash flow | $m | [1,056](/filings/0001034054-24-000002.md) | [1,071](/filings/0001034054-25-000002.md) | [1,308](/filings/0001034054-26-000002.md) | [1,107](/filings/0001034054-26-000002.md) | [1,067](/filings/0001034054-26-000002.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sbac/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Dodge & Cox](/funds/200217.md) | 2026-06-30 | $2.17bn | 12,323,254 |  | Added +242,970 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.79bn | 10,138,749 |  | Added +21,722 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.73bn | 9,817,059 |  | Added +110,963 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.22bn | 6,936,972 |  | Added +12,011 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $903.3m | 5,119,264 |  | Added +157,700 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $558.4m | 3,175,913 |  | Added +26,380 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $485.9m | 2,707,005 |  | Reduced −1,206,043 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $341.4m | 1,934,968 |  | Reduced −29,000 |
| [DEUTSCHE BANK AG\\](/funds/948046.md) | 2026-06-30 | $319.8m | 1,812,200 |  | Added +1,332,985 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $301.8m | 1,710,278 |  | Added +132,428 |

## Recent filings

[All 1,329 filings](/companies/sbac/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-25 | 20:37 ET | [8-K](/filings/0001193125-26-402918.md) | 2.03 New direct financial obligation | 0001193125-26-402918 |
| 2026-08-06 | 18:02 ET | [10-Q](/filings/0001034054-26-000011.md) | Quarterly report, period 2026-06-30 | 0001034054-26-000011 |
| 2026-08-03 | 20:23 ET | [8-K](/filings/0001193125-26-330639.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-330639 |
| 2026-07-24 | 11:31 ET | [8-K](/filings/0001193125-26-315142.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-315142 |
| 2026-07-23 | 20:15 ET | [8-K](/filings/0001193125-26-314131.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-314131 |
| 2026-07-15 | 21:29 ET | [8-K](/filings/0001193125-26-304972.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-304972 |
| 2026-05-22 | 20:15 ET | [8-K](/filings/0001193125-26-236935.md) | 5.07 Shareholder vote results | 0001193125-26-236935 |
| 2026-05-05 | 19:15 ET | [10-Q](/filings/0001034054-26-000009.md) | Quarterly report, period 2026-03-31 | 0001034054-26-000009 |
| 2026-04-29 | 20:09 ET | [8-K](/filings/0001193125-26-191545.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-191545 |
| 2026-04-09 | 20:15 ET | [DEF 14A](/filings/0001193125-26-149656.md) | Proxy statement, period 2026-05-22 | 0001193125-26-149656 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001034054-26-000002.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/3cd2cfa8-e6fe-4727-8bc4-66f75c9bc1e8)

## About the filer

- CIK: 1034054
- Tickers: SBAC
- Exchange: Nasdaq
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: FL
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:30 ET. No prices; not investment advice.