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SBA Communications CorporationStock · Real EstateS&P 500 0.0%
$173.53−$1.32 (-0.75%)as of market close, Jul 24, 2026
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How SBA Communications makes money

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How does SBA Communications make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

SBA Communications Corporation · FY2025 · year ended 2025-12-31
Revenue$244MGross profit$244M · 100%Cost of revenue$0 · 0%Operating income$244M · 100%Operating expenses$0 · 0%Pre-tax income$1.2B · 508%Other income$997M · 408%Net income$1.1B · 431%Income tax$188M · 77%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.