SBA Communications
SBA Communications Corporation (Nasdaq: SBAC) owns and operates wireless communications infrastructure, including towers, rooftops and other structures that support wireless antennas. Its primary business is leasing space on these sites to wireless service providers and other customers, while it also manages sites for… From the company’s description.
In fiscal 2025, SBA Communications reported revenue of $2.82B, up 5.1% from fiscal 2024, and net income of $1.05B. Its operating margin was 47.7%, and operations generated $1.29B in cash. Over the twelve months to Jun 30, 2026, revenue was $2.87B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What SBA Communications does
In the company’s own words
SBA Communications Corporation (Nasdaq: SBAC) owns and operates wireless communications infrastructure, including towers, rooftops and other structures that support wireless antennas. Its primary business is leasing space on these sites to wireless service providers and other customers, while it also manages sites for property owners. The company’s site development business helps wireless providers plan, build and maintain their networks, including through site selection, permitting, construction and equipment installation. Its reportable segments are domestic and international site leasing, alongside site development; site leasing generated 97.9% of total segment operating profit in 2025. The company operates in the United States and its territories and in 12 international markets across South America, Central America and Africa. At December 31, 2025, it owned 46,328 sites, including 17,394 in the United States and its territories and 28,934 internationally. T-Mobile, AT&T Wireless and Verizon Wireless were its largest customers, together accounting for 66.5% of 2025 revenue. SBA Communications was incorporated in 1997 and operates as a real estate investment trust. Its website is www.sbasite.com.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- BOCA RATON, FL
- Fiscal year end
- December
- CIK
- 1034054
- SIC
- 6798
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns SBA Communications — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · SBA Communications’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
SBA Communications’s bonds, as funds hold them
Funds report holding 3 issues of SBA Communications’s debt, $1.10B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.49%, maturing 2027 to 2029.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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