Company / SG&A Expense
SBA Communications SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$277.6M
FY2025
5-year range
$192.7M / $277.6M
FY2021-FY2025
Trend
+7.3%
vs FY2024
Sector context
#17 of 131
Real Estate
What the data says
SBA Communications's sg&a expense of $278M is higher than 87% of companies in the Real Estate sector (FY2025). SG&A Expense has fluctuated over the past 10 years, ranging from $103M in FY2016 to $278M in FY2025.
Based on SEC 10-K filings.
$278M in FY2025 with a 5-year CAGR of +14.3%. Top quartile in the Real Estate sector.
Increased from $268M to $278M over the past 2 years.
Real Estate sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +12.6%
- 5-Year CAGR
- +14.3%
- 10-Year CAGR
- -
Sector benchmark
Bottom 13% in Real EstateTop 87% of 131This company $277.6M Sector average $159.5M
▼
+74.1% above sector average
Key checks
Key Insights
- 5-year CAGR of +14.3%, indicating consistent growth.
- In FY2025, sg&a expense increased 7.3% year-over-year.
- Ranks #17 out of 131 companies in the Real Estate sector.
- Lowest sg&a expense in the period was in FY2016.
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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $277.6M | +7.3% |
| FY2024 | $258.8M | -3.4% |
| FY2023 | $267.9M | +37.9% |
| FY2022 | $194.3M | +0.8% |
| FY2021 | $192.7M | +35.2% |
| FY2020 | $142.5M | -26.0% |
| FY2019 | $192.7M | +34.4% |
| FY2018 | $143.3M | +24.7% |
| FY2017 | $115.0M | +11.3% |
| FY2016 | $103.3M | -10.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026