How does SBA Communications (SBAC) make money?

SBA Communications (SBAC) primarily makes money through Domestic Site Leasing Revenue, which accounts for 66.3% of total revenue. For TTM through Q4 2025, SBA Communications generated $2.82B in total revenue with a net profit margin of 37.4%.

What is SBA Communications (SBAC) gross profit margin?

SBA Communications (SBAC) reported a gross profit margin of 63.5% for TTM through Q4 2025, equivalent to $1.79B in gross profit. This means SBA Communications retains 63.5% of each revenue unit after direct costs of production.

What is SBA Communications (SBAC) operating profit margin?

SBA Communications (SBAC) reported an operating profit margin of 48% for TTM through Q4 2025, equivalent to $1.35B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is SBA Communications (SBAC) net profit margin?

SBA Communications (SBAC) reported a net profit margin of 37.4% for TTM through Q4 2025, equivalent to $1.05B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does SBA Communications (SBAC) spend on capital expenditures?

SBA Communications (SBAC) spent $224.82M on capital expenditures in TTM through Q4 2025 (8.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is SBA Communications (SBAC) free cash flow?

SBA Communications (SBAC) generated $1.07B in free cash flow for TTM through Q4 2025 (37.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is SBA Communications (SBAC) effective tax rate?

SBA Communications (SBAC) had an effective tax rate of 15.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How SBA Communications (SBAC) Makes Money: A Visual Guide

SBA Communications (SBAC) generated $2.82B in revenue, earning $1.05B in net profit (37.4% margin). Its largest revenue source is Domestic Site Leasing Revenue (66.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

SBA Communications (SBAC) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 27, 2026).

Frequently asked questions

How does SBA Communications (SBAC) make money?: SBA Communications (SBAC) primarily makes money through Domestic Site Leasing Revenue, which accounts for 66.3% of total revenue. For TTM through Q4 2025, SBA Communications generated $2.82B in total revenue with a net profit margin of 37.4%.
What is SBA Communications (SBAC) gross profit margin?: SBA Communications (SBAC) reported a gross profit margin of 63.5% for TTM through Q4 2025, equivalent to $1.79B in gross profit. This means SBA Communications retains 63.5% of each revenue unit after direct costs of production.
What is SBA Communications (SBAC) operating profit margin?: SBA Communications (SBAC) reported an operating profit margin of 48% for TTM through Q4 2025, equivalent to $1.35B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is SBA Communications (SBAC) net profit margin?: SBA Communications (SBAC) reported a net profit margin of 37.4% for TTM through Q4 2025, equivalent to $1.05B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does SBA Communications (SBAC) spend on capital expenditures?: SBA Communications (SBAC) spent $224.82M on capital expenditures in TTM through Q4 2025 (8.0% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is SBA Communications (SBAC) free cash flow?: SBA Communications (SBAC) generated $1.07B in free cash flow for TTM through Q4 2025 (37.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is SBA Communications (SBAC) effective tax rate?: SBA Communications (SBAC) had an effective tax rate of 15.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.