SBA Communications (SBAC) FY2024 10-K Annual Report
SBA Communications (SBAC) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SBA Communications FY2024 10-K Analysis
Business Overview
- • Core business: Independent owner/operator of wireless communication towers and site leasing in US, Americas, Canada, Africa
- • New emphasis on edge data centers and private networks; owns 3 regional data centers in US/Brazil; exploring energy-as-a-service with onsite battery/solar
Management Discussion & Analysis
- • Dividends paid in 2024 totaled approximately $424.1 million ($0.98 per share quarterly); dividend raised to $1.11 per share declared for March 2025
- • No securities issued under registration statements during 2024; approximately 1.2 million shares available under shelf registration
Risk Factors
- • Regulatory/legal risk: No specific laws or agencies cited as material risk in the filing
- • Geopolitical/macro risk: 30% of towers in Brazil; foreign exchange fluctuations impact international site leasing results
SBA Communications FY2024 Key Financial MetricsXBRL
Revenue
$153M
▼ -21.5% YoY
Net Income
$750M
▲ +49.4% YoY
Gross Margin
1372.4%
▲ +29402bp YoY
Operating Margin
939.2%
▲ +46469bp YoY
Net Margin
490.3%
▲ +23251bp YoY
ROE
-14.7%
▼ -496bp YoY
Total Assets
$11.4B
▲ +12.2% YoY
EPS (Diluted)
$6.94
▲ +50.5% YoY
Operating Cash Flow
$1.3B
▼ -13.6% YoY
Source: XBRL data from SBA Communications FY2024 10-K filing on SEC EDGAR. All figures in USD.
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