SBAC - NASDAQ
SBA Communications Corporation
$207.85
+5.9%SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.
At a Glance
Live SnapshotSBA Communications Corporation Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
SBA Communications Corporation Cash Flow Statement
SBAC • NASDAQ
| SBA Communications Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
1B | 748.7M | 501.8M | 459.8M | 237.6M | 24M | 147.3M | 47.4M | 103.7M | 76.2M | -175.7M | -24.3M | -55.9M | -183.7M | -126.9M | -194.4M | -141.1M | -46.8M | -77.9M | -133.4M | |
292.3M | 269.5M | 736.5M | 707.6M | 700.2M | 722M | 697.1M | 672.1M | 643.1M | 638.2M | 660M | 627.1M | 533.3M | 408.5M | 309.1M | 278.7M | 258.5M | 211.4M | 177.2M | 149.1M | |
0.0 | -13.1M | 4.6M | 32.9M | -8.6M | -63.2M | 15.9M | 11.3M | 34.8M | 1.4M | -5K | 530K | -6.7M | 1.4M | -1.7M | -737K | -265K | 159K | 201K | 47K | |
75.7M | 74.4M | 87.9M | 99.9M | 84.4M | 68.9M | 73.2M | 42.3M | 38.2M | 32.9M | 28.7M | 22.7M | 17.2M | 14M | 11.5M | 10.5M | 8.2M | 7.2M | 0.0 | 5.4M | |
77.4M | 398.4M | 149M | 98.6M | 211.2M | 327.2M | 41.3M | 125.8M | 28.3M | 30.4M | 250M | 90.7M | 60.2M | 138.1M | 80.8M | 124.3M | 70.4M | -6.2M | 22.8M | 56.6M | |
(0.0) | (42.4M) | (25.6M) | (32.3M) | (25.6M) | (20.3M) | (21.6M) | (21.6M) | (14.7M) | (9.7M) | (9.4M) | (7.5M) | (6.6M) | (5.3M) | (4.2M) | (1.5M) | (684K) | (359K) | (0.0) | (0.0) | |
-179.6M | -143.1M | 64.5M | -113.1M | -35M | 47.1M | 10.1M | -46.9M | -28.5M | -50.2M | -25.9M | -32M | -51.4M | -35M | -23.7M | -17.2M | 26.8M | 7.8M | 263K | -1.8M | |
1.3B | 1.3B | 1.5B | 1.3B | 1.2B | 1.1B | 984.9M | 852.1M | 819.6M | 729M | 737.2M | 684.7M | 496.8M | 343.2M | 249.1M | 201.2M | 222.6M | 173.7M | 122.9M | 76M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-1.3B | -228.1M | -318.3M | -214.4M | -133.6M | -128.6M | -154.2M | -149.8M | -148.2M | -140M | -208.7M | -211.3M | -168.1M | -113.3M | -126.9M | -66.6M | -46.7M | -36.2M | -27.8M | -29M | |
(0.0) | -299.8M | -130M | -1.2B | -1.3B | -271.4M | -773.8M | -451.8M | -441.5M | -276.8M | -609.5M | -1.6B | -686.7M | -2.2B | -379.3M | -328M | -180.8M | -584.5M | -201.5M | -725.5M | |
-1.2B | -1.8B | -1.3B | -881.8M | -1.7B | -1.3B | -639M | -157M | -1.4M | -490K | -7.8M | (0.0) | (802K) | (0.0) | -6.3M | -36.9M | -9.2M | (51K) | -208.3M | (265K) | |
1.4B | 1.5B | 1.3B | 878.1M | 1.7B | 1.2B | 625.8M | 150.9M | 231K | 712K | 89.7M | 0.0 | 26M | 0.0 | 4.6M | 7.1M | 980K | 41M | 137.6M | 19.9M | |
443.9M | -17.4M | -19.3M | 524K | -31.2M | 3.1M | -5.8M | -10.6M | -15.4M | -11.6M | 1.8M | 23.1M | 2.3M | -3.1M | 119K | -617K | 6.7M | -980K | -1.9M | -5.5M | |
-601.8M | -809.3M | -468.2M | -1.4B | -1.4B | -446.4M | -947M | -618.3M | -606.2M | -428.2M | -734.5M | -1.8B | -825.7M | -2.3B | -507.9M | -425M | -229.1M | -580.5M | -301.9M | -739.9M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-442.3M | -200M | -100M | -431.7M | -582.6M | -859.3M | -467M | -795.6M | -854.5M | -545.7M | -450.1M | -885M | 0.0 | 283.9M | -225.1M | -107.4M | -44.7M | -113.5M | -83.5M | 9.8M | |
-713M | 1.2B | -540M | 545.9M | 1.2B | 746.2M | 397.5M | 591.7M | 510.9M | 248.7M | 664M | 1.9B | 112.7M | 1.8B | 453M | 222.4M | 35.5M | 476M | 264.3M | 681.6M | |
-479M | -424.2M | -370M | -306.8M | -253.6M | -207.7M | -83.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-497.8M | -200M | -100M | -431.7M | -582.6M | -859.3M | -467M | -795.6M | -854.5M | -545.7M | -450.1M | (0.0) | (0.0) | (0.0) | -225.1M | -107.4M | -51.7M | -120M | -91.2M | -707K | |
-29.3M | 29.8M | -7.2M | 57.1M | 73.9M | -202.3M | 90.6M | 55.4M | 49.1M | 8.4M | -138.2M | -19.6M | 98.2M | -5.8M | 14.1M | 11.8M | 98.1M | 52.9M | 22.3M | -27.3M | |
-1.7B | 645.7M | -1B | -135.5M | 339.3M | -469M | -62.3M | -148.5M | -294.6M | -802.6M | 75.8M | 996.8M | 220.2M | 2.1B | 242M | 126.8M | 89M | 415.4M | 203.1M | 664.1M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
10M | -21.6M | 2.7M | -2.9M | -13.1M | -9M | -12.7M | -11.3M | -464K | 14.1M | -13M | 14M | -2.2M | 1.2M | -155K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-964.1M | 1.1B | 61.7M | -246.3M | 92.8M | 201.7M | -37.2M | 74M | -81.7M | 67.9M | 78.6M | -82.7M | -111M | 185.8M | -16.9M | -97.1M | 82.5M | 8.6M | 24.1M | 214K | |
1.4B | 250.9M | 189.3M | 435.6M | 342.8M | 141.1M | 178.3M | 104.3M | 186M | 118M | 39.4M | 122.1M | 233.1M | 47.3M | 64.3M | 161.3M | 78.9M | 70.3M | 46.1M | 45.9M | |
432.4M | 1.4B | 250.9M | 189.3M | 435.6M | 342.8M | 141.1M | 178.3M | 104.3M | 186M | 118M | 39.4M | 122.1M | 233.1M | 47.3M | 64.3M | 161.3M | 78.9M | 70.3M | 46.1M | |
1.1B | 1.1B | 1.3B | 1.1B | 1.1B | 997.5M | 830.7M | 702.3M | 671.4M | 589M | 528.5M | 473.4M | 328.7M | 229.9M | 122.1M | 134.5M | 175.8M | 137.5M | 95.2M | 47M |
SEC Filings
SBAC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 22, 2026 | May 22, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 29, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 09, 2026 | May 22, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 03, 2025 | November 03, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 07, 2025 | June 30, 2025 | 2025 |
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