SBA Communications Corporation — Earnings
Most recent reported period: FY2025 (Q4) (filed for period ending 2025-12-31) · sourced from SEC EDGAR
Next earnings (estimated): Wed, April 1, 2026 — 30 days overdue (likely already filed but EDGAR cache cold). Anchored to latest quarter-end + 91 days. Analyst-confirmed dates land in a follow-up wave.
YoY = vs same quarter prior year (seasonality-adjusted)
Recent earnings · last 8 quarters
| Quarter end | Revenue | YoY | Net Income | YoY | Op. Margin |
|---|---|---|---|---|---|
| 2025-12-31 | $720M | ↑+3.7% | $370M | ↑+113.3% | 41.5% |
| 2025-09-30 | $732M | ↑+9.7% | $237M | ↓-8.4% | 51.1% |
| 2025-06-30 | $699M | ↑+5.8% | $226M | ↑+38.7% | 47.9% |
| 2025-03-31 | $664M | ↑+1.0% | $221M | ↑+42.8% | 50.4% |
| 2024-12-31 | $694M | ↑+1681.5% | $174M | ↑+58.5% | 55.1% |
| 2024-09-30 | $668M | ↓-2.2% | $259M | ↑+195.7% | 56.3% |
| 2024-06-30 | $660M | ↓-2.7% | $163M | ↓-20.0% | 53.7% |
| 2024-03-31 | $658M | ↓-2.6% | $155M | ↑+52.7% | 49.2% |
Analyst consensus estimates (EPS / Revenue) and implied move from options will land in a follow-up wave. For now, YoY-vs-prior-year-quarter is the surprise proxy.
Last earnings · FY2025 (Q4)
Revenue
$720M
↑+3.7% +$26M YoY
Net Income
$237M
↑+70.0% +$98M YoY
Earnings surprise · last 8 quarters
YoY % change · proxy for analyst surprise until estimates landEPS history · last 10 fiscal years
diluted, GAAP, annualNote: EPS reflects WEIGHTED-AVERAGE diluted shares for each fiscal year. Pre-stock- split values can blow up the early bars if SEC's XBRL data isn't split-adjusted — flagged as a known limitation; cumulative split-adjustment is a follow-up.
Margin trends · 68 quarters
margin trajectory tells the operating-leverage storyGross Margin↓-2.4pts
75.6%
Operating Margin↓-13.6pts
41.5%
Net Margin↑+26.4pts
51.5%
Go deeper
SBAC Sankey — flow of dollars
See how revenue waterfalls through every line item to net income for the latest reported quarter, with prior-period comparison.
Open SankeySBAC Key Metrics — EPS, ROE, ROIC
10 CFA-grade fundamental ratios — EPS, BVPS, ROE, ROA, ROIC, Debt/Equity, Current Ratio. Compare across years.
Open Key Metrics