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Side-by-side financial comparison of Genpact LTD (G) and SBA Communications (SBAC). Click either name above to swap in a different company.

Genpact LTD is the larger business by last-quarter revenue ($1.3B vs $703.4M, roughly 1.9× SBA Communications). SBA Communications runs the higher net margin — 26.3% vs 10.8%, a 15.4% gap on every dollar of revenue. On growth, Genpact LTD posted the faster year-over-year revenue change (5.6% vs -1.6%). Over the past eight quarters, Genpact LTD's revenue compounded faster (8.0% CAGR vs 3.2%).

Genpact Ltd. is an American information technology services, consulting, and outsourcing company headquartered in New York City, New York. Founded in Gurgaon, India, and legally domiciled in Bermuda, Genpact employs more than 125,000 people and provides services to clients in over 30 countries worldwide. Genpact is listed on the NYSE and generated revenues of US$4.48 billion in 2023.

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa. It was founded in 1989 as Steven Bernstein and Associates by Steven Bernstein.

G vs SBAC — Head-to-Head

Bigger by revenue
G
G
1.9× larger
G
$1.3B
$703.4M
SBAC
Growing faster (revenue YoY)
G
G
+7.2% gap
G
5.6%
-1.6%
SBAC
Higher net margin
SBAC
SBAC
15.4% more per $
SBAC
26.3%
10.8%
G
Faster 2-yr revenue CAGR
G
G
Annualised
G
8.0%
3.2%
SBAC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
G
G
SBAC
SBAC
Revenue
$1.3B
$703.4M
Net Profit
$143.1M
$184.9M
Gross Margin
36.6%
Operating Margin
14.8%
48.7%
Net Margin
10.8%
26.3%
Revenue YoY
5.6%
-1.6%
Net Profit YoY
0.8%
-15.1%
EPS (diluted)
$0.82
$1.74

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
G
G
SBAC
SBAC
Q1 26
$703.4M
Q4 25
$1.3B
$719.6M
Q3 25
$1.3B
$732.3M
Q2 25
$1.3B
$699.0M
Q1 25
$1.2B
$664.2M
Q4 24
$1.2B
$693.7M
Q3 24
$1.2B
$667.6M
Q2 24
$1.2B
$660.5M
Net Profit
G
G
SBAC
SBAC
Q1 26
$184.9M
Q4 25
$143.1M
$370.4M
Q3 25
$145.8M
$236.8M
Q2 25
$132.7M
$225.8M
Q1 25
$130.9M
$220.7M
Q4 24
$141.9M
$178.8M
Q3 24
$132.8M
$258.5M
Q2 24
$122.0M
$162.8M
Gross Margin
G
G
SBAC
SBAC
Q1 26
Q4 25
36.6%
75.6%
Q3 25
36.4%
74.1%
Q2 25
35.9%
75.4%
Q1 25
35.3%
76.9%
Q4 24
35.7%
78.1%
Q3 24
35.6%
77.5%
Q2 24
35.4%
78.6%
Operating Margin
G
G
SBAC
SBAC
Q1 26
48.7%
Q4 25
14.8%
41.5%
Q3 25
14.8%
51.1%
Q2 25
14.3%
47.9%
Q1 25
15.1%
50.4%
Q4 24
15.2%
55.1%
Q3 24
15.0%
56.3%
Q2 24
14.5%
53.7%
Net Margin
G
G
SBAC
SBAC
Q1 26
26.3%
Q4 25
10.8%
51.5%
Q3 25
11.3%
32.3%
Q2 25
10.6%
32.3%
Q1 25
10.8%
33.2%
Q4 24
11.4%
25.8%
Q3 24
11.0%
38.7%
Q2 24
10.4%
24.7%
EPS (diluted)
G
G
SBAC
SBAC
Q1 26
$1.74
Q4 25
$0.82
$3.47
Q3 25
$0.83
$2.20
Q2 25
$0.75
$2.09
Q1 25
$0.73
$2.04
Q4 24
$0.80
$1.61
Q3 24
$0.74
$2.40
Q2 24
$0.67
$1.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
G
G
SBAC
SBAC
Cash + ST InvestmentsLiquidity on hand
$1.2B
$269.1M
Total DebtLower is stronger
$1.5B
$2.7B
Stockholders' EquityBook value
$2.5B
Total Assets
$5.8B
$11.7B
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
G
G
SBAC
SBAC
Q1 26
$269.1M
Q4 25
$1.2B
$271.2M
Q3 25
$740.8M
$431.1M
Q2 25
$663.3M
$276.8M
Q1 25
$561.6M
$702.2M
Q4 24
$671.6M
$444.4M
Q3 24
$1.0B
$202.6M
Q2 24
$914.2M
$250.9M
Total Debt
G
G
SBAC
SBAC
Q1 26
$2.7B
Q4 25
$1.5B
$12.9B
Q3 25
$1.2B
$12.7B
Q2 25
$1.2B
$12.5B
Q1 25
$1.2B
$12.4B
Q4 24
$1.2B
$13.6B
Q3 24
$1.6B
$12.3B
Q2 24
$1.6B
$12.3B
Stockholders' Equity
G
G
SBAC
SBAC
Q1 26
Q4 25
$2.5B
$-4.9B
Q3 25
$2.5B
$-4.9B
Q2 25
$2.6B
$-4.9B
Q1 25
$2.5B
$-5.0B
Q4 24
$2.4B
$-5.1B
Q3 24
$2.4B
$-5.2B
Q2 24
$2.3B
$-5.3B
Total Assets
G
G
SBAC
SBAC
Q1 26
$11.7B
Q4 25
$5.8B
$11.6B
Q3 25
$5.4B
$11.3B
Q2 25
$5.3B
$10.8B
Q1 25
$4.9B
$10.4B
Q4 24
$5.0B
$11.4B
Q3 24
$5.3B
$10.2B
Q2 24
$5.2B
$9.8B
Debt / Equity
G
G
SBAC
SBAC
Q1 26
Q4 25
0.60×
Q3 25
0.47×
Q2 25
0.47×
Q1 25
0.50×
Q4 24
0.51×
Q3 24
0.68×
Q2 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
G
G
SBAC
SBAC
Operating Cash FlowLast quarter
$286.7M
$255.1M
Free Cash FlowOCF − Capex
$269.0M
FCF MarginFCF / Revenue
20.4%
Capex IntensityCapex / Revenue
1.3%
9.5%
Cash ConversionOCF / Net Profit
2.00×
1.38×
TTM Free Cash FlowTrailing 4 quarters
$734.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
G
G
SBAC
SBAC
Q1 26
$255.1M
Q4 25
$286.7M
$1.3B
Q3 25
$308.4M
$318.0M
Q2 25
$177.4M
$368.1M
Q1 25
$40.4M
$301.2M
Q4 24
$203.2M
$1.3B
Q3 24
$228.5M
$304.7M
Q2 24
$209.3M
$425.6M
Free Cash Flow
G
G
SBAC
SBAC
Q1 26
Q4 25
$269.0M
$833.3M
Q3 25
$292.0M
$258.0M
Q2 25
$155.1M
$312.2M
Q1 25
$18.5M
$255.0M
Q4 24
$183.5M
$1.2B
Q3 24
$208.7M
$239.9M
Q2 24
$190.0M
$375.6M
FCF Margin
G
G
SBAC
SBAC
Q1 26
Q4 25
20.4%
115.8%
Q3 25
22.6%
35.2%
Q2 25
12.4%
44.7%
Q1 25
1.5%
38.4%
Q4 24
14.7%
179.9%
Q3 24
17.2%
35.9%
Q2 24
16.2%
56.9%
Capex Intensity
G
G
SBAC
SBAC
Q1 26
9.5%
Q4 25
1.3%
63.7%
Q3 25
1.3%
8.2%
Q2 25
1.8%
8.0%
Q1 25
1.8%
7.0%
Q4 24
1.6%
12.6%
Q3 24
1.6%
9.7%
Q2 24
1.6%
7.6%
Cash Conversion
G
G
SBAC
SBAC
Q1 26
1.38×
Q4 25
2.00×
3.49×
Q3 25
2.11×
1.34×
Q2 25
1.34×
1.63×
Q1 25
0.31×
1.36×
Q4 24
1.43×
7.47×
Q3 24
1.72×
1.18×
Q2 24
1.72×
2.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

G
G

High Tech And Manufacturing$525.3M40%
Consumer And Healthcare$445.8M34%
Financial Services$348.2M26%

SBAC
SBAC

Site leasing$656.1M93%
Site development$47.3M7%

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