Stocks Real estate SBAC
NASDAQ · Real estateSba Communications Corp (SBAC)
Sba Communications Corp brought in $2.9B of revenue over the twelve months to September 30, 2026, up 2.3% from a year earlier. Net income was $985.2M, a net margin of 34.5%. Operating cash flow minus capital spending left $1.1B of free cash flow in fiscal 2025. At September 30, 2026 it held $417.5M in cash against $12.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Sba Communications Corp
- Net worth
- Sba Communications Corp has a market value (market cap) of $20.2B at the latest share price, and shareholders' equity of -$4.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.8B (+5.1% year on year), with net income of $1.1B. Over the 12 months to September 30, 2026: revenue $2.9B, net income $985.2M.
- Cash flow
- In fiscal 2025 operations brought in $1.3B of cash; after $224.8M of capital spending, free cash flow was $1.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Sba Communications Corp's next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Sba Communications Corp does
Sba Communications Corp is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NASDAQ under the ticker SBAC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.8B | $1.1B | $9.80 | $1.1B |
| 2024 | $2.7B | $749.5M | $6.94 | $1.1B |
| 2023 | $2.7B | $501.8M | $4.61 | $1.3B |
| 2022 | $2.6B | $461.4M | $4.22 | $1.1B |
| 2021 | $2.3B | $237.6M | $2.14 | $1.1B |
| 2020 | $2.1B | $24.1M | $0.21 | $997.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SBAC ranks in Real estate
Dividends
It paid out $479M in cash dividends, 45% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $479M | 45% |
| 2024 | n/a | $424.2M | 57% |
| 2023 | n/a | $370M | 74% |
| 2022 | n/a | $306.8M | 66% |
| 2021 | n/a | $253.6M | 107% |
| 2020 | n/a | $207.7M | 862% |
Latest SEC filings
What Sba Communications Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 2.5% to $713.9M versus the same quarter last year; diluted EPS $2.19 versus $2.20.
- November 2, 2026
- September 25, 2026New debt 8-K
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 2.3% to $715.3M versus the same quarter last year; diluted EPS $1.87 versus $2.09.
- August 3, 2026
- July 24, 2026
- July 23, 2026Other event 8-K
- July 15, 2026
- July 13, 2026Form 305B2 filing 305B2
What is SBAC worth? A DCF from its reported cash flow
Insider trades
What the people running Sba Communications Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $54.8K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Krouse George R JrDirector | Gave as a gift | 300 | - |
| October 17, 2026 | Montagner MarcEVP - CHIEF FINANCIAL OFFICER | Exercised options | 1,588 | - |
| October 17, 2026 | Montagner MarcEVP - CHIEF FINANCIAL OFFICER | Shares withheld for tax | 625 | $116.9K |
| August 17, 2026 | Krouse George R JrDirector | Sold | 300 | $54.8K |
| August 1, 2026 | Day DonaldEVP - SITE LEASING | Exercised options | 457 | - |
| August 1, 2026 | Day DonaldEVP - SITE LEASING | Shares withheld for tax | 171 | $30.9K |
| May 13, 2026 | Bernstein Steven EDirector | Exercised options | 1,501 | $318.7K |
| May 13, 2026 | Bernstein Steven EDirector | Shares withheld for tax | 1,496 | $319.6K |
Who owns SBAC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dodge & Cox13G, passive | 10.7% | November 6, 2025 |
| Vanguard Portfolio Management13G, passive | 9.18% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 7.59% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 681 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Dodge & Cox | 12,323,254 | +242,970 |
| BlackRock, Inc. | 10,138,749 | +21,722 |
| Vanguard Portfolio Management LLC | 9,817,059 | +110,963 |
| Vanguard Capital Management LLC | 6,936,972 | +12,011 |
| State Street Corp | 5,119,264 | +157,700 |
| Geode Capital Management, LLC | 3,175,913 | +26,380 |
| Jpmorgan Chase & Co | 2,707,005 | -1,206,043 |
| Invesco Ltd. | 1,934,968 | -29,000 |
| Deutsche Bank AG\ | 1,812,200 | +1,332,985 |
| Charles Schwab Investment Management Inc | 1,710,278 | +132,428 |
| Dimensional Fund Advisors LP | 1,611,278 | -1,507 |
| Arrowstreet Capital, Limited Partnership | 1,568,367 | -46,687 |
| Norges Bank | 1,483,684 | new |
| Legal & General Group Plc | 1,428,343 | -79,248 |
| Diamond Hill Capital Management, LLC (Investment Advisor) | 1,294,155 | -640,316 |
| Nordea Investment Management AB | 1,299,681 | +34,218 |
| Citadel Advisors LLC | 1,292,825 | +887,381 |
| Morgan Stanley | 1,276,825 | +159,696 |
| Principal Financial Group Inc | 1,152,311 | +1,012,239 |
| Fmr LLC | 1,033,501 | +327,040 |
Insiders
16 insiders reported holding 347,497 shares in total, about $66.1M at the last price.
| Holder | Shares |
|---|---|
| Stoops JeffreyDirector | 141,465 |
| Cavanagh Brendan ThomasPRESIDENT AND CEO, Director | 63,782 |
| Ciarfella Mark REVP - OPERATIONS | 42,821 |
| Beebe Kevin LDirector | 16,644 |
| Cane Richard MEVP; PRES. - INTERNATIONAL | 12,404 |
| Koenig JoshuaEXECUTIVE VP/GENERAL COUNSEL | 10,726 |
| Day DonaldEVP - SITE LEASING | 9,992 |
| Langer JackDirector | 8,704 |
| Krouse George R JrDirector | 8,226 |
| Kredi SaulVP & Chief Accounting Officer | 7,574 |
Questions about SBAC
What does Sba Communications Corp do?
Sba Communications Corp is a company in the Real estate sector, listed on NASDAQ as SBAC. Its shares trade on NASDAQ under the ticker SBAC.
What is Sba Communications Corp's net worth?
Sba Communications Corp has a market value (market cap) of $20.2B at the latest share price, and shareholders' equity of -$4.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Sba Communications Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $985.2M on revenue of $2.9B, a net margin of 34.5%.
How much revenue does Sba Communications Corp make?
Over the twelve months to September 30, 2026 Sba Communications Corp reported revenue of $2.9B. That is 2.3% more than a year earlier.
When did Sba Communications Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the material agreement from November 9, 2026.
When is Sba Communications Corp's next earnings report?
Sba Communications Corp's next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Sba Communications Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.