SBA Communications Corporation (SBAC) Earnings History
Elite Compounder28 years of earnings data (1998–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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SBA Communications Corporation (SBAC) Earnings Overview
As of June 22, 2026, SBA Communications Corporation (SBAC) reported trailing twelve-month net income of $1.02B, reflecting +41.2% year-over-year growth. The company earned $9.59 per diluted share over the past four quarters, with a net profit margin of 37.4%.
Looking at the long-term picture, SBAC's 5-year EPS compound annual growth rate (CAGR) stands at +115.7%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.05B in fiscal 2025, representing a new all-time high.
SBA Communications Corporation maintains industry-leading profitability with a gross margin of 41.6%, operating margin of 48.7%, and net margin of 37.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AMT ($2.88B net income, 23.8% margin), CCI ($1.06B net income, 10.4% margin), UNIT ($1.19B net income, 58.4% margin), SBAC has outperformed on profitability metrics. Compare SBAC vs AMT →
SBAC Earnings vs Peers
Earnings metrics vs comparable public companies
SBAC Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.05B | +40.6% | $1.37B | $9.80 | 37.4% | 48.7% |
| 2024 | $750M | +49.4% | $1.44B | $6.94 | 28.0% | 53.6% |
| 2023 | $502M | +8.8% | $924M | $4.61 | 18.5% | 34.1% |
| 2022 | $461M | +94.2% | $925M | $4.22 | 17.5% | 35.1% |
| 2021 | $238M | +885.8% | $782M | $2.14 | 10.3% | 33.9% |
| 2020 | $24M | -83.6% | $634M | $0.21 | 1.2% | 30.4% |
| 2019 | $147M | +209.8% | $583M | $1.28 | 7.3% | 29.0% |
| 2018 | $47M | -54.2% | $544M | $0.41 | 2.5% | 29.2% |
| 2017 | $104M | +36.0% | $459M | $0.86 | 6.0% | 26.5% |
| 2016 | $76M | +143.4% | $387M | $0.61 | 4.7% | 23.7% |
| 2015 | -$176M | -623.0% | $312M | $-1.37 | -10.7% | 19.1% |
| 2014 | -$24M | +56.5% | $337M | $-0.19 | -1.6% | 22.0% |
| 2013 | -$56M | +69.5% | $230M | $-0.44 | -4.3% | 17.6% |
| 2012 | -$183M | -45.0% | $154M | $-1.51 | -19.2% | 16.1% |
| 2011 | -$126M | +35.0% | $111M | $-1.13 | -18.1% | 15.8% |
| 2010 | -$195M | -38.2% | $74M | $-1.68 | -31.1% | 11.9% |
| 2009 | -$141M | -201.2% | $55M | $-1.20 | -25.4% | 9.9% |
| 2008 | -$47M | +40.0% | $46M | $-0.43 | -9.8% | 9.6% |
| 2007 | -$78M | +41.6% | $30M | $-0.74 | -19.1% | 7.4% |
| 2006 | -$133M | -40.9% | $20M | $-1.36 | -38.0% | 5.6% |
| 2005 | -$95M | +35.7% | $4M | $-1.28 | -36.4% | 1.6% |
| 2004 | -$147M | +14.5% | -$24M | $-2.52 | -63.6% | -10.3% |
| 2003 | -$172M | +37.0% | -$43M | $-3.30 | -81.2% | -20.2% |
| 2002 | -$273M | -118.3% | -$103M | $-5.41 | -103.2% | -38.9% |
| 2001 | -$125M | -332.8% | -$48M | $-2.64 | -51.5% | -19.7% |
| 2000 | -$29M | +16.2% | -$29M | $-0.70 | -17.2% | -17.3% |
| 1999 | -$35M | -73.4% | -$29M | $-2.00 | -39.7% | -33.7% |
| 1998 | -$20M | - | -$23M | $-2.33 | -33.7% | -39.4% |
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SBAC — Frequently Asked Questions
Quick answers to the most common questions about buying SBAC stock.
What is SBAC earnings per share (EPS)?
SBAC trailing twelve-month (TTM) diluted EPS is $9.59, reflecting +41.2% year-over-year growth. The 5-year EPS CAGR is +115.7%. Complete EPS history from 1998 to 2025 is available in the table on this page.
What is SBA Communications Corporation's net income?
SBA Communications Corporation (SBAC) trailing twelve-month net income is $1.0B as of 2025. Earnings grew +41.2% year-over-year. SBA Communications Corporation has been profitable for 10 consecutive years.
Is SBAC profitable?
Yes, SBAC is profitable with a TTM net income of $1.0B and a net profit margin of +37.4%. SBA Communications Corporation has generated profits for 10 consecutive years.
What is SBAC's earnings growth rate?
SBAC compound annual EPS growth rates (CAGR): 1-Year: +41.2%, 3-Year: +32.4%, 5-Year: +115.7%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1998 to 2025.
What are SBAC's profit margins?
SBA Communications Corporation net profit margin is +37.4%, operating margin is +48.7%, and gross margin is +41.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is N/A.
Is SBAC growing earnings?
Yes, SBAC earnings are accelerating — EPS growth of +41.2% exceeds the 5-year CAGR of +115.7%. TTM net income reached $1.0B. Earnings momentum is strengthening.
What was SBAC's best earnings year?
SBA Communications Corporation's highest annual net income on record is $1.1B, achieved in fiscal year 2025. Earnings history on this page spans 1998 to 2025 and includes all annual and quarterly figures.
What were SBAC's earnings last quarter?
SBAC's most recent reported quarter was Q1 2026. Net income was $185M with diluted EPS of $1.74. For a full breakdown of all quarters, see the quarterly earnings table on this page.