Capital Expenditures for SBA Communications (SBAC)
According to SBA Communications's latest reported financial statements, the company's current capital expenditures (TTM) is $224.82M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$224.82M
YoY change
-1.5%
5Y CAGR
+11.8%
Peak year (2023)
$236.70M
Cumulative capital expenditures
$3.29B
CapEx history chart for SBA Communications (SBAC) from 1998 to 2025
CapEx history table for SBA Communications (SBAC) from 1998 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $224.82M | -1.5% | ||
| 2024 | $228.15M | -3.6% | ||
| 2023 | $236.70M | +10.4% | ||
| 2022 | $214.44M | +60.5% | ||
| 2021 | $133.64M | +3.9% | ||
| 2020 | $128.57M | -16.6% | ||
| 2019 | $154.24M | +3.0% | ||
| 2018 | $149.81M | +1.1% | ||
| 2017 | $148.18M | +5.9% | ||
| 2016 | $139.98M | -32.9% | ||
| 2015 | $208.71M | -1.2% | ||
| 2014 | $211.25M | +25.7% | ||
| 2013 | $168.09M | +48.4% | ||
| 2012 | $113.27M | -10.8% | ||
| 2011 | $126.94M | +90.5% | ||
| 2010 | $66.62M | +42.5% | ||
| 2009 | $46.74M | +29.2% | ||
| 2008 | $36.17M | +30.2% | ||
| 2007 | $27.77M | -4.1% | ||
| 2006 | $28.97M | +47.4% | ||
| 2005 | $19.65M | +172.4% | ||
| 2004 | $7.21M | -52.3% | ||
| 2003 | $15.14M | -85.4% | ||
| 2002 | $103.38M | — | ||
| 2001 | $0 | — | ||
| 2000 | $0 | -100.0% | ||
| 1999 | $208.90M | +51.3% | ||
| 1998 | $138.10M | — |
CapEx values are taken from SBA Communications's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of SBA Communications (SBAC) capital expenditures is $224.82M – edged down 1.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, SBA Communications capital expenditures compounded at +11.8% per year, with the latest reading among the more recent periods of the dataset.
SBA Communications capital expenditures peaked at $236.70M in 2023; the latest annual figure is $224.82M in 2025 (5.0% below peak).
$236.70M stands as the all-time-high annual capital expenditures, posted in 2023, against a low of $0 during 2000.
Within Real Estate, SBA Communications (SBAC) ranks 5th among 8 peers we track. The peer median for capital expenditures is $210.59M.
SBA Communications Capital Expenditures by Year
SBA Communications Capital Expenditures 2025: $224.82M
SBA Communications capital expenditures in 2025 was $224.82M, edged down 1.5% below 2024.
SBA Communications Capital Expenditures 2024: $228.15M
SBA Communications capital expenditures in 2024 was $228.15M, edged down 3.6% below 2023.
SBA Communications Capital Expenditures 2023: $236.70M
SBA Communications capital expenditures in 2023 was $236.70M, grew 10.4% from 2022. This figure represents the highest annual value in the available history.
SBA Communications Capital Expenditures 2022: $214.44M
SBA Communications capital expenditures in 2022 was $214.44M, surged 60.5% from 2021.
SBA Communications Capital Expenditures 2021: $133.64M
SBA Communications capital expenditures in 2021 was $133.64M.
See more financial history for SBA Communications (SBAC).
Sector peers — CapEx
Companies in the same sector as SBA Communications, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Equinix, Inc. (EQIX) | $4.31B | Real Estate |
| American Tower Corporation (AMT) | $1.68B | Real Estate |
| Simon Property Group, Inc. (SPG) | $912.35M | Real Estate |
| Public Storage (PSA) | $289.38M | Real Estate |
| Realty Income Corporation (O) | $131.80M | Real Estate |
| Welltower Inc. (WELL) | $33.80M | Real Estate |
| Prologis, Inc. (PLD) | $0 | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $0 | Real Estate |
Frequently asked questions
What is SBA Communications's capital expenditures?
- Latest reported capital expenditures for SBA Communications (SBAC) is $224.82M (period ending December 31, 2025).
How has SBA Communications capital expenditures changed year-over-year?
- SBA Communications (SBAC) capital expenditures changed -1.5% year-over-year on the latest annual filing.
What is the long-term growth rate of SBA Communications capital expenditures?
- SBA Communications (SBAC) capital expenditures compound annual growth rate is +11.8% over the most recent 5 years available.
When did SBA Communications capital expenditures hit its highest annual value?
- SBA Communications capital expenditures reached its highest annual value of $236.70M in 2023.
What was SBA Communications capital expenditures in 2024?
- SBA Communications (SBAC) capital expenditures in 2024 was $228.15M.
What was SBA Communications capital expenditures in 2025?
- SBA Communications (SBAC) capital expenditures in 2025 was $224.82M.
Metrics overview
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