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SBA Communications Corporation

SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024.

Revenue: +2.33%
EPS: −11.0%
Free cash flow: +11.3%
Total debt: +1.74%

Quarter to June 2026, against a year earlier

187.15 2.27 +1.23%

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Market cap: $19.6B
P/E: 20.1×
Fwd P/E: 24.3×
Dividend yield: 2.59%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	173.00	184.63	394.85	185.38	1,282.41	178.45	65.83	54.95	29.24	19.66
Piotroski F-Score Full definition →	8	7	7	8	6	7	7	7	7	6
P/S ratio Full definition →	8.04	11.14	9.97	13.49	15.11	18.42	11.55	10.17	8.19	7.37
P/FCF ratio Full definition →	21.80	28.68	26.54	33.32	31.55	40.27	28.39	21.04	19.82	14.84
P/Operating CF Full definition →	61.00	84.82	82.14	102.56	129.43	142.45	105.38	63.78	70.73	68.21
P/B ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	13.30	16.47	15.20	18.56	20.27	23.56	16.37	14.63	12.74	11.80
EV/EBITDA Full definition →	20.26	24.62	22.94	28.73	25.81	35.46	26.08	23.89	19.77	20.04
EV/Operating CF Full definition →	29.26	34.77	33.35	38.54	37.50	45.72	33.52	25.68	25.57	25.71
EV/FCF Full definition →	36.06	42.39	40.48	45.82	42.33	51.51	40.23	30.25	30.83	23.77
Quick Ratio Full definition →	0.30	0.69	0.24	0.26	0.67	0.87	0.53	0.32	0.86	0.23
Current Ratio Full definition →	0.37	0.93	0.31	0.32	0.77	1.00	0.69	0.36	1.10	0.29
Net Debt/EBITDA Full definition →	8.01	7.97	7.90	7.84	6.58	7.74	7.67	7.27	7.06	7.52
Debt/Assets Full definition →	119.22%	127.19%	137.77%	105.89%	121.16%	125.52%	121.57%	121.08%	119.04%	111.45%
Debt/Equity Full definition →	(4.40)	(3.58)	(2.94)	(2.82)	(2.30)	(2.33)	(2.44)	(2.38)	(2.66)	(2.66)
Asset Turnover Full definition →	0.22	0.24	0.26	0.24	0.22	0.24	0.26	0.26	0.25	0.24
Operating CF/Net income Full definition →	9.74	7.90	17.93	6.60	46.72	5.01	2.79	3.08	1.78	1.23
Capex/Depreciation Full definition →	(0.20)	(0.21)	(0.22)	(0.21)	(0.13)	(0.18)	(0.29)	(0.32)	(0.78)	0.34
Interest Coverage Full definition →	1.17	1.40	1.44	1.48	1.61	1.96	2.31	2.12	3.36	2.82
ROE Full definition →	(4.12%)	(4.51%)	(1.59%)	(4.17%)	(0.57%)	(4.70%)	(8.74%)	(9.61%)	(14.58%)	(21.15%)
ROA Full definition →	1.04%	1.41%	0.65%	1.73%	0.25%	2.51%	4.53%	4.83%	6.94%	9.17%
ROIC Full definition →	3.67%	4.34%	5.33%	5.59%	6.68%	7.43%	7.81%	8.36%	12.66%	11.02%
Return on Tangible Assets Full definition →	3.40%	3.71%	2.43%	7.06%	0.95%	9.23%	18.46%	27.38%	25.21%	70.39%
Average Days of Receivables Full definition →	17.51	19.16	21.72	23.94	12.98	16.12	25.55	24.60	19.85	22.20
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	8.78%	7.56%	7.64%	9.57%	9.33%	9.53%	9.94%	9.88%	9.66%	9.86%
Intangible Assets out of Total Assets Full definition →	0.50	0.49	0.46	0.37	0.34	0.29	0.26	0.24	0.21	0.25
Share Based Compensation of Revenue Full definition →	2.02%	2.21%	2.27%	3.63%	3.31%	3.66%	3.79%	3.24%	2.78%	2.69%
Graham Net Nets Full definition →	(0.69)	(0.50)	(0.55)	(0.48)	(0.43)	(0.34)	(0.51)	(0.54)	(0.66)	(0.75)
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	0.58%	0.54%	0.25%	0.54%	0.08%	0.56%	1.52%	1.82%	3.42%	5.09%
Free Cash Flow Yield Full definition →	4.59%	3.49%	3.77%	3.00%	3.17%	2.48%	3.52%	4.75%	5.05%	6.74%
Revenue per Share Full definition →	13.12	14.41	16.24	17.86	18.68	21.12	24.39	25.06	24.89	26.26
Operating CF per Share Full definition →	5.97	6.83	7.40	8.60	10.10	10.88	11.91	14.27	12.40	12.05
Capex per Share Full definition →	(1.12)	(1.23)	(1.30)	(1.37)	(1.15)	(1.22)	(1.99)	(2.15)	(2.12)	0.99
Free Cash Flow per Share Full definition →	4.84	5.60	6.10	7.23	8.94	9.66	9.92	12.12	10.28	13.03
Cash per Share Full definition →	1.47	0.85	1.53	1.23	3.05	3.96	1.72	2.28	12.97	4.03
Shareholders Equity per Share Full definition →	(16.04)	(21.68)	(29.39)	(32.51)	(43.26)	(48.33)	(48.87)	(47.79)	(47.47)	(45.27)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(16.04)	(21.68)	(29.39)	(32.51)	(43.26)	(48.33)	(48.87)	(47.79)	(47.47)	(45.27)
Free Cash Flow Full definition →	602.54	671.43	700.81	815.81	997.47	1,056.20	1,071.26	1,311.41	1,107.05	1,397.16
Working Capital Full definition →	(548.88)	(19.37)	(832.42)	(714.02)	(141.81)	(1.88)	(214.03)	(878.99)	180.78	(1,904.87)
Capital Expenditures Full definition →	(139.98)	(147.04)	(149.81)	(154.24)	(128.57)	(133.69)	(214.44)	(232.98)	(227.82)	105.83
Net Current Asset Value Full definition →	(9,032.29)	(9,659.79)	(10,216.68)	(13,092.68)	(13,509.41)	(14,470.65)	(15,378.63)	(14,865.05)	(14,548.55)	(15,655.10)
EV/EBIT Full definition →	56.09	62.08	52.13	64.07	66.63	69.52	46.57	42.95	23.77	24.73
Capex to Sales Full definition →	0.09	0.09	0.08	0.08	0.06	0.06	0.08	0.09	0.09	(0.04)
Price to Operating Income Full definition →	33.91	41.99	34.19	46.59	49.66	54.35	32.87	29.87	15.28	15.44
Other line items
Depreciation/Fixed assets Full definition →	0.25	0.25	0.25	0.26	0.37	0.29	0.27	0.27	0.10	0.09
Cash ROIC Full definition →	8.65%	9.85%	10.40%	11.99%	15.09%	14.17%	13.77%	17.72%	11.21%	16.48%
Accounts Receivable Turnover Full definition →	20.20	20.44	18.50	16.57	20.20	26.23	18.40	14.77	16.32	17.76
Accounts Payable Turnover Full definition →	15.19	14.48	13.86	14.91	6.72	7.57	15.64	13.09	11.43	10.42
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	24.56	27.26	26.71	23.58	84.23	22.79	28.07	25.14	37.36	38.58
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	80.84	84.51	100.85	121.58	103.11	88.02	143.16	183.56	164.22	158.48
Average Payables Full definition →	27.71	30.83	33.82	33.08	70.91	72.02	42.75	46.81	50.88	66.29
Average Assets Full definition →	7,336.96	7,340.58	7,266.96	8,486.82	9,458.98	9,479.86	10,193.37	10,381.74	10,797.89	11,496.18
Average Common Equity Full definition →	(1,851.03)	(2,297.52)	(2,987.97)	(3,521.91)	(4,245.69)	(5,053.89)	(5,279.86)	(5,223.60)	(5,140.41)	(4,981.73)

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Columns are period end dates · fundamentals updated 25 Oct 2026

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