SBA Communications (SBAC) | Financial Analysis & Statements

SBA Communications Corporation | Large-cap | Real Estate

$233.93

-1.54%

SBA Communications vs American Tower SBA Communications vs Equinix SBA Communications vs Digital Realty SBA Communications vs Crown Castle SBA Communications vs Iron Mountain SBA Communications vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 2.7B

Gross Profit 2.1B 78.29%

Operating Income 1.6B 58.58%

Net Income 748.7M 27.94%

EPS (Diluted) $6.94

Balance Sheet Metrics

Total Assets 11.4B

Total Liabilities 16.5B

Shareholders Equity -5.1B

Cash Flow Metrics

Operating Cash Flow 1.3B

Free Cash Flow 1.1B

Revenue & Profitability Trend

SBA Communications Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	2.7B	2.7B	2.6B	2.3B	2.1B
Cost of Goods Sold	581.7M	612.6M	668.6M	545.5M	476.5M
Gross Profit	2.1B	2.1B	2.0B	1.8B	1.6B
Operating Expenses	258.8M	267.9M	261.9M	221.9M	195.4M
Operating Income	1.6B	1.1B	995.4M	843.2M	690.4M
Pre-tax Income	772.7M	548.5M	525.8M	252.6M	-17.7M
Income Tax	24.0M	51.1M	66.0M	14.9M	-41.8M
Net Income	748.7M	497.4M	459.8M	237.6M	24.0M
EPS (Diluted)	$6.94	$4.61	$4.22	$2.14	$0.21

Income Statement Trend

SBA Communications Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	2.0B	484.3M	482.7M	614.4M	473.0M
Non-Current Assets	9.4B	9.7B	10.1B	9.2B	8.7B
Total Assets	11.4B	10.2B	10.6B	9.8B	9.2B
Liabilities
Current Liabilities	1.8B	1.4B	696.8M	616.3M	614.8M
Non-Current Liabilities	14.7B	14.0B	15.1B	14.5B	13.4B
Total Liabilities	16.5B	15.3B	15.8B	15.1B	14.0B
Equity
Total Shareholders Equity	-5.1B	-5.1B	-5.2B	-5.3B	-4.8B

Balance Sheet Composition

SBA Communications Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	748.7M	497.4M	459.8M	237.6M	24.0M
Operating Cash Flow	1.3B	1.5B	1.2B	1.2B	1.2B
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	-581.2M	-231.5M	-1.2B	-1.3B	-317.8M
Financing Activities
Dividends Paid	-424.2M	-370.0M	-306.8M	-253.6M	-207.7M
Financing Cash Flow	609.8M	-1.1B	-173.8M	222.6M	-678.1M
Free Cash Flow	1.1B	1.3B	1.1B	1.1B	997.5M

Cash Flow Trend

SBA Communications Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 31.25

Forward P/E 25.80

Price to Book -5.19

Price to Sales 9.46

PEG Ratio 25.80

Profitability Ratios

Profit Margin 30.37%

Operating Margin 55.39%

Return on Equity -14.83%

Return on Assets 9.36%

Financial Health

Current Ratio 0.65

Debt to Equity -2.98

Beta 0.78

Per Share Data

EPS (TTM) $7.57

Book Value per Share -$46.01

Revenue per Share $24.97

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
sbac	25.4B	31.25	-5.19	-14.83%	30.37%	-2.98
American Tower	101.8B	35.19	28.80	28.42%	17.94%	446.68
Equinix	87.1B	93.29	6.27	7.06%	10.52%	141.24
Digital Realty	60.2B	167.07	2.87	1.85%	7.81%	79.55
Crown Castle	44.6B	36.57	-35.60	-163.21%	-71.80%	-23.68
Iron Mountain	29.9B	247.15	-73.10	-79.54%	1.95%	-41.22

Financial data is updated regularly. All figures are in the company's reporting currency.