Company / Operating Income
SBA Communications Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$334.9M
FY2025
5-year range
$334.9M / $1.4B
FY2021-FY2025
Trend
-76.7%
vs FY2024
Sector context
#33 of 71
Real Estate
What the data says
At $335M, SBA Communications's operating income ranks #33 of 71 in the Real Estate sector. Operating Income has fluctuated over the past 10 years, ranging from $312M in FY2017 to $1.4B in FY2024.
Based on SEC 10-K filings.
$335M in FY2025 with a 5-year CAGR of -9.3%.
Declined from $924M to $335M over the past 2 years.
Real Estate sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -19.1%
- 5-Year CAGR
- -9.3%
- 10-Year CAGR
- -
Sector benchmark
#33 of 71 in Real EstateTop 46% of 71This company $334.9M Sector average $492.4M
▼
-32.0% below sector average
Key checks
Key Insights
- 5-year CAGR of -9.3%, indicating a declining trend.
- In FY2025, operating income decreased 76.7% year-over-year.
- Ranks #33 out of 71 companies in the Real Estate sector.
- Peak operating income was recorded in FY2024.
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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $334.9M | -76.7% |
| FY2024 | $1.4B | +55.4% |
| FY2023 | $923.7M | +45.8% |
| FY2022 | $633.7M | +8.6% |
| FY2021 | $583.5M | +7.2% |
| FY2020 | $544.2M | -6.7% |
| FY2019 | $583.5M | +50.7% |
| FY2018 | $387.3M | +24.0% |
| FY2017 | $312.5M | -7.2% |
| FY2016 | $336.5M | +7.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026