Company / Working Capital
SBA Communications Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$1.9B
FY2025
5-year range
-$1.9B / $180.8M
FY2021-FY2025
Trend
-1153.7%
vs FY2024
Sector context
#18 of 20
Real Estate
What the data says
Working Capital changed -1154% YoY in FY2025, a notable deviation from the 9-year average annual change of -1834%.
Based on SEC 10-K filings.
-$1.9B in FY2025.
Declined from -$879M to -$1.9B over the past 2 years.
Real Estate sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 10% in Real EstateTop 90% of 20This company -$1.9B Sector average -$128.2M
▼
-1385.3% below sector average
Key checks
Key Insights
- In FY2025, working capital decreased 1153.7% year-over-year.
- Ranks #18 out of 20 companies in the Real Estate sector.
- Peak working capital 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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$1.9B | -1153.7% |
| FY2024 | $180.8M | +120.6% |
| FY2023 | -$879.0M | -310.7% |
| FY2022 | -$214.0M | -11254.4% |
| FY2021 | -$1.9M | +98.7% |
| FY2020 | -$141.8M | +80.1% |
| FY2019 | -$714.0M | +14.2% |
| FY2018 | -$832.4M | -4197.1% |
| FY2017 | -$19.4M | +96.5% |
| FY2016 | -$548.9M | -2765.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026