SBA Communications Corporation (SBAC) Earnings History
Annual and quarterly earnings data from 1998 to 2025
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SBAC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SBAC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 41.6% | 48.7% | 37.4% |
| 2024 | 77.3% | 53.6% | 28.0% |
| 2023 | 76.6% | 34.1% | 18.5% |
| 2022 | 73.6% | 35.1% | 17.5% |
| 2021 | 75.2% | 33.9% | 10.3% |
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SBA Communications Corporation (SBAC) Earnings Overview
As of May 8, 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 ($1.27B 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% |
Full SBAC Stock Analysis
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Start ComparisonSBAC — Frequently Asked Questions
Quick answers to the most common questions about buying SBAC stock.
Is SBAC growing earnings?
SBAC EPS is $9.59, with earnings growth accelerating to +41.2%. This exceeds the 5-year CAGR of +115.7%. TTM net income reached $1.0B.
What are SBAC's profit margins?
SBA Communications Corporation net margin is +37.4%, with operating margin at +48.7%. Above-average margins indicate pricing power.
How consistent are SBAC's earnings?
SBAC earnings data spans 1998-2025. The accelerating earnings trend is +41.2% YoY. Historical data enables comparison across business cycles.