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Side-by-side financial comparison of Regions Financial Corporation (RF) and SBA Communications (SBAC). Click either name above to swap in a different company.

Regions Financial Corporation is the larger business by last-quarter revenue ($1.3B vs $703.4M, roughly 1.8× SBA Communications). Regions Financial Corporation runs the higher net margin — 41.7% vs 26.3%, a 15.4% gap on every dollar of revenue. On growth, Regions Financial Corporation posted the faster year-over-year revenue change (4.1% vs -1.6%). Over the past eight quarters, Regions Financial Corporation's revenue compounded faster (4.0% CAGR vs 3.2%).

Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail and commercial banking, trust, stock brokerage, and mortgage services. Its banking subsidiary, Regions Bank, operates about 2,000 automated teller machines and 1,300 branches in 15 states in the Southern and Midwestern United States.

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.

RF vs SBAC — Head-to-Head

Bigger by revenue
RF
RF
1.8× larger
RF
$1.3B
$703.4M
SBAC
Growing faster (revenue YoY)
RF
RF
+5.7% gap
RF
4.1%
-1.6%
SBAC
Higher net margin
RF
RF
15.4% more per $
RF
41.7%
26.3%
SBAC
Faster 2-yr revenue CAGR
RF
RF
Annualised
RF
4.0%
3.2%
SBAC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
RF
RF
SBAC
SBAC
Revenue
$1.3B
$703.4M
Net Profit
$534.0M
$184.9M
Gross Margin
Operating Margin
55.3%
48.7%
Net Margin
41.7%
26.3%
Revenue YoY
4.1%
-1.6%
Net Profit YoY
0.0%
-15.1%
EPS (diluted)
$0.59
$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
RF
RF
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
RF
RF
SBAC
SBAC
Q1 26
$184.9M
Q4 25
$534.0M
$370.4M
Q3 25
$569.0M
$236.8M
Q2 25
$563.0M
$225.8M
Q1 25
$490.0M
$220.7M
Q4 24
$534.0M
$178.8M
Q3 24
$490.0M
$258.5M
Q2 24
$501.0M
$162.8M
Gross Margin
RF
RF
SBAC
SBAC
Q1 26
Q4 25
75.6%
Q3 25
74.1%
Q2 25
75.4%
Q1 25
76.9%
Q4 24
78.1%
Q3 24
77.5%
Q2 24
78.6%
Operating Margin
RF
RF
SBAC
SBAC
Q1 26
48.7%
Q4 25
55.3%
41.5%
Q3 25
56.3%
51.1%
Q2 25
56.1%
47.9%
Q1 25
52.0%
50.4%
Q4 24
53.4%
55.1%
Q3 24
49.9%
56.3%
Q2 24
52.7%
53.7%
Net Margin
RF
RF
SBAC
SBAC
Q1 26
26.3%
Q4 25
41.7%
51.5%
Q3 25
45.3%
32.3%
Q2 25
44.7%
32.3%
Q1 25
41.0%
33.2%
Q4 24
43.4%
25.8%
Q3 24
40.2%
38.7%
Q2 24
42.2%
24.7%
EPS (diluted)
RF
RF
SBAC
SBAC
Q1 26
$1.74
Q4 25
$0.59
$3.47
Q3 25
$0.61
$2.20
Q2 25
$0.59
$2.09
Q1 25
$0.51
$2.04
Q4 24
$0.55
$1.61
Q3 24
$0.49
$2.40
Q2 24
$0.52
$1.51

Balance Sheet & Financial Strength

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

Metric
RF
RF
SBAC
SBAC
Cash + ST InvestmentsLiquidity on hand
$269.1M
Total DebtLower is stronger
$4.1B
$2.7B
Stockholders' EquityBook value
$19.0B
Total Assets
$158.8B
$11.7B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RF
RF
SBAC
SBAC
Q1 26
$269.1M
Q4 25
$271.2M
Q3 25
$431.1M
Q2 25
$276.8M
Q1 25
$702.2M
Q4 24
$444.4M
Q3 24
$202.6M
Q2 24
$250.9M
Total Debt
RF
RF
SBAC
SBAC
Q1 26
$2.7B
Q4 25
$4.1B
$12.9B
Q3 25
$4.8B
$12.7B
Q2 25
$5.3B
$12.5B
Q1 25
$6.0B
$12.4B
Q4 24
$6.0B
$13.6B
Q3 24
$6.0B
$12.3B
Q2 24
$5.1B
$12.3B
Stockholders' Equity
RF
RF
SBAC
SBAC
Q1 26
Q4 25
$19.0B
$-4.9B
Q3 25
$19.0B
$-4.9B
Q2 25
$18.7B
$-4.9B
Q1 25
$18.5B
$-5.0B
Q4 24
$17.9B
$-5.1B
Q3 24
$18.7B
$-5.2B
Q2 24
$17.2B
$-5.3B
Total Assets
RF
RF
SBAC
SBAC
Q1 26
$11.7B
Q4 25
$158.8B
$11.6B
Q3 25
$159.9B
$11.3B
Q2 25
$159.2B
$10.8B
Q1 25
$159.8B
$10.4B
Q4 24
$157.3B
$11.4B
Q3 24
$157.4B
$10.2B
Q2 24
$154.1B
$9.8B
Debt / Equity
RF
RF
SBAC
SBAC
Q1 26
Q4 25
0.22×
Q3 25
0.25×
Q2 25
0.28×
Q1 25
0.32×
Q4 24
0.34×
Q3 24
0.32×
Q2 24
0.30×

Cash Flow & Capital Efficiency

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

Metric
RF
RF
SBAC
SBAC
Operating Cash FlowLast quarter
$-319.0M
$255.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
9.5%
Cash ConversionOCF / Net Profit
-0.60×
1.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RF
RF
SBAC
SBAC
Q1 26
$255.1M
Q4 25
$-319.0M
$1.3B
Q3 25
$861.0M
$318.0M
Q2 25
$573.0M
$368.1M
Q1 25
$1.1B
$301.2M
Q4 24
$-220.0M
$1.3B
Q3 24
$1.3B
$304.7M
Q2 24
$161.0M
$425.6M
Free Cash Flow
RF
RF
SBAC
SBAC
Q1 26
Q4 25
$833.3M
Q3 25
$258.0M
Q2 25
$312.2M
Q1 25
$255.0M
Q4 24
$1.2B
Q3 24
$239.9M
Q2 24
$375.6M
FCF Margin
RF
RF
SBAC
SBAC
Q1 26
Q4 25
115.8%
Q3 25
35.2%
Q2 25
44.7%
Q1 25
38.4%
Q4 24
179.9%
Q3 24
35.9%
Q2 24
56.9%
Capex Intensity
RF
RF
SBAC
SBAC
Q1 26
9.5%
Q4 25
63.7%
Q3 25
8.2%
Q2 25
8.0%
Q1 25
7.0%
Q4 24
12.6%
Q3 24
9.7%
Q2 24
7.6%
Cash Conversion
RF
RF
SBAC
SBAC
Q1 26
1.38×
Q4 25
-0.60×
3.49×
Q3 25
1.51×
1.34×
Q2 25
1.02×
1.63×
Q1 25
2.18×
1.36×
Q4 24
-0.41×
7.47×
Q3 24
2.57×
1.18×
Q2 24
0.32×
2.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RF
RF

Consumer Bank$747.0M58%
Corporate Bank$487.0M38%
Wealth Management$47.0M4%

SBAC
SBAC

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

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