Company / Cost of Revenue
SBA Communications Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$199.0M
FY2025
5-year range
$102.8M / $199.0M
FY2021-FY2025
Trend
+67.6%
vs FY2024
Sector context
#21 of 32
Real Estate
What the data says
At $199M, SBA Communications's cost of revenue ranks #12 of 32 in the Real Estate sector. Cost of Revenue has fluctuated over the past 10 years, ranging from $96M in FY2020 to $444M in FY2017.
Based on SEC 10-K filings.
$199M in FY2025 with a 5-year CAGR of +15.6%.
Increased from $140M to $199M over the past 2 years.
Real Estate sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +24.6%
- 5-Year CAGR
- +15.6%
- 10-Year CAGR
- -
Sector benchmark
#12 of 32 in Real EstateTop 34% of 32This company $199.0M Sector average $2.2B
▼
-91.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +15.6%, indicating consistent growth.
- In FY2025, cost of revenue increased 67.6% year-over-year.
- Ranks #21 out of 32 companies in the Real Estate sector.
- Peak cost of revenue was recorded in FY2017.
Company context
Key Data Points
- Altman Z-Score -0.63 (distress zone, below 1.8 threshold)
- Strong profit margin: 28.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $199.0M | +67.6% |
| FY2024 | $118.7M | -15.2% |
| FY2023 | $139.9M | +36.2% |
| FY2022 | $102.8M | -13.7% |
| FY2021 | $119.1M | +23.4% |
| FY2020 | $96.5M | -19.0% |
| FY2019 | $119.1M | -71.7% |
| FY2018 | $420.9M | -5.3% |
| FY2017 | $444.4M | +3.7% |
| FY2016 | $428.5M | -3.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026