Company / Free Cash Flow
SBA Communications Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$1.1B
FY2025
5-year range
$815.8M / $1.3B
FY2021-FY2025
Trend
-3.6%
vs FY2024
Sector context
#7 of 41
Real Estate
What the data says
SBA Communications's free cash flow of $1.1B is higher than 83% of companies in the Real Estate sector (FY2025). Free Cash Flow has fluctuated over the past 10 years, ranging from $463M in FY2016 to $1.3B in FY2023.
Based on SEC 10-K filings.
$1.1B in FY2025 with a 5-year CAGR of +8.8%. Top quartile in the Real Estate sector.
Declined from $1.3B to $1.1B over the past 2 years.
Real Estate sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +2.3%
- 5-Year CAGR
- +8.8%
- 10-Year CAGR
- -
Sector benchmark
Top 17% in Real EstateTop 17% of 41This company $1.1B Sector average $438.1M
▼
+143.4% above sector average
Key checks
Key Insights
- 5-year CAGR of +8.8%, indicating consistent growth.
- In FY2025, free cash flow decreased 3.6% year-over-year.
- Ranks #7 out of 41 companies in the Real Estate sector.
- Peak free cash flow was recorded in FY2023.
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 | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.1B | -3.6% |
| FY2024 | $1.1B | -15.4% |
| FY2023 | $1.3B | +31.1% |
| FY2022 | $997.5M | +22.3% |
| FY2021 | $815.8M | +16.4% |
| FY2020 | $700.8M | -14.1% |
| FY2019 | $815.8M | +35.4% |
| FY2018 | $602.5M | +17.2% |
| FY2017 | $514.3M | +11.1% |
| FY2016 | $463.1M | -10.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026