SBA Communications Corporation (SBAC)

From the record

SBA Communications Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

SBA Communications Corporation's 10 filed years say what it did: revenue went from $1.6 billion in fiscal 2016 to $2.8 billion in fiscal 2025, up 6.2% a year; it rose in 8 of 9 years; the deepest fall was 1% from fiscal 2023 to fiscal 2024; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, SBA Communications Corporation's diluted share count shrank about 0.6% a year, and dividends and buybacks returned about 50% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, SBA Communications Corporation's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 142 cents per dollar of assets, and net share issuance: its share count shrank 0.5% over the year (the filed statements).

From the record

SBA Communications Corporation's standing among 157 graded names in its industry family: revenue of $2.8 billion in fiscal 2025 ranks in the top 14% by size; a net margin of 37.4% ranks in the top 18%; revenue growth of 2.2% a year over the last 3 filed years ranks in the bottom 36% (its annual reports).

From the record

SBA Communications Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Cavanagh, Brendan Thomas (PRESIDENT AND CEO, as filed), filing under that title since 2024-03-06, 2.7 years (bottom 18% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 8.1 years (top 48%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 31%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

SBA Communications Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $265 million against debt of $11 billion leaves -92.4% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is 37.9% of revenue (top 45%); a gross margin of 75.5% (top 29%) (its annual report).

From the record

SBA Communications Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 2.2% a year over the last three filed years against 6.2% over all 10, slowing (bottom 37% of its family); the newest year grew 5.1% (top 41%); capital spending grew 1.6% a year (bottom 49%) (its annual reports). SBA Communications Corporation reported 3 lines of business in fiscal 2025: Domestic Site Leasing Revenue at $1.9 billion (66%), International Site Leasing Revenue at $705 million (25%), Site Development Construction at $244 million (9%); 3 of 3 grew against the year before (its annual report).

From the record

SBA Communications Corporation's newest year against its own record: revenue of $2.8 billion in fiscal 2025 came in 4.1% above the $2.7 billion its prior three years' pace pointed to (top 22% of its family); net income of $1.1 billion against a prior three-year average of $571 million (top 24%); a net margin of 37.4% against 21.3% before (top 18%) (its annual reports).