Operating Income for SBA Communications (SBAC)
According to SBA Communications's latest reported financial statements, the company's current operating income (TTM) is $1.35B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.35B
YoY change
-4.6%
5Y CAGR
+16.7%
Peak year (2024)
$1.44B
Cumulative operating income
$9.12B
Operating Income history chart for SBA Communications (SBAC) from 1998 to 2025
Operating Income history table for SBA Communications (SBAC) from 1998 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.37B | -4.6% | ||
| 2024 | $1.44B | +55.4% | ||
| 2023 | $923.66M | -0.2% | ||
| 2022 | $925.41M | +18.3% | ||
| 2021 | $782.50M | +23.5% | ||
| 2020 | $633.69M | +8.6% | ||
| 2019 | $583.49M | +7.2% | ||
| 2018 | $544.17M | +18.7% | ||
| 2017 | $458.50M | +18.4% | ||
| 2016 | $387.31M | +24.0% | ||
| 2015 | $312.46M | -7.2% | ||
| 2014 | $336.52M | +46.5% | ||
| 2013 | $229.65M | +49.6% | ||
| 2012 | $153.53M | +38.7% | ||
| 2011 | $110.66M | +49.0% | ||
| 2010 | $74.27M | +35.2% | ||
| 2009 | $54.95M | +20.6% | ||
| 2008 | $45.58M | +51.7% | ||
| 2007 | $30.05M | +54.0% | ||
| 2006 | $19.51M | +365.0% | ||
| 2005 | $4.20M | -117.6% | ||
| 2004 | -$23.88M | -44.3% | ||
| 2003 | -$42.87M | -58.4% | ||
| 2002 | -$102.93M | +114.6% | ||
| 2001 | -$47.97M | +64.7% | ||
| 2000 | -$29.12M | -0.6% | ||
| 1999 | -$29.30M | +25.8% | ||
| 1998 | -$23.30M | — |
Operating Income values are taken from SBA Communications's reported income 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
2025's annual operating income for SBA Communications (SBAC) came in at $1.37B – edged down 4.6% year-over-year.
Over 2020–2025 (5 years), SBA Communications operating income expanded at a +16.7% compound annual rate, with the latest reading among the more recent periods of the dataset.
SBA Communications operating income edged down from $1.44B in 2024 to $1.37B in 2025, a 4.6% drawdown.
The highest annual operating income of $1.44B was reported in 2024. The lowest in the available history was -$102.93M in 2002.
Among 8 Real Estate peers, SBA Communications (SBAC) ranks 7th; the peer median for operating income is $2.05B.
SBA Communications Operating Income by Year
SBA Communications Operating Income 2025: $1.37B
SBA Communications operating income in 2025 was $1.37B, edged down 4.6% below 2024.
SBA Communications Operating Income 2024: $1.44B
SBA Communications operating income in 2024 was $1.44B, surged 55.4% from 2023. This figure represents the highest annual value in the available history.
SBA Communications Operating Income 2023: $923.66M
SBA Communications operating income in 2023 was $923.66M, edged down 0.2% below 2022.
SBA Communications Operating Income 2022: $925.41M
SBA Communications operating income in 2022 was $925.41M, grew 18.3% from 2021.
SBA Communications Operating Income 2021: $782.50M
SBA Communications operating income in 2021 was $782.50M.
See more financial history for SBA Communications (SBAC).
Sector peers — Operating Income
Companies in the same sector as SBA Communications, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is SBA Communications's operating income?
- Latest reported operating income for SBA Communications (SBAC) is $1.35B (period ending December 31, 2025).
How has SBA Communications operating income changed year-over-year?
- SBA Communications (SBAC) operating income changed -4.6% year-over-year on the latest annual filing.
What is the long-term growth rate of SBA Communications operating income?
- SBA Communications (SBAC) operating income compound annual growth rate is +16.7% over the most recent 5 years available.
When did SBA Communications operating income hit its highest annual value?
- SBA Communications operating income reached its highest annual value of $1.44B in 2024.
What was SBA Communications operating income in 2024?
- SBA Communications (SBAC) operating income in 2024 was $1.44B.
What was SBA Communications operating income in 2025?
- SBA Communications (SBAC) operating income in 2025 was $1.37B.
Metrics overview
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