Monday 12 October 2026 Export all SBAC data to Excel Powerpack

SBA Communications Corporation

SBAC Real Estate Reit Specialty

SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024. In the quarter to June 2026, revenue grew 2.33%, EPS fell 11.0%, free cash flow grew 11.3% and total debt rose 1.74%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

183.90 1.41 +0.77%
Market cap
$19.4B
P/E
19.6×
Fwd P/E
27.6×
Dividend yield
2.66%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
173.00 184.63 394.85 185.38 1,282.41 178.45 65.83 54.95 29.24 20.21
Piotroski F-Score
8 7 7 8 6 7 7 7 7 6
P/S ratio
8.04 11.14 9.97 13.49 15.11 18.42 11.55 10.17 8.19 7.37
P/FCF ratio
21.80 28.68 26.54 33.32 31.55 40.27 28.39 21.04 19.82 14.84
P/Operating CF
61.00 84.82 82.14 102.56 129.43 142.45 105.38 63.78 70.73 68.21
P/B ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible BV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales
13.30 16.47 15.20 18.56 20.27 23.56 16.37 14.63 12.74 11.80
EV/EBITDA
20.26 24.62 22.94 28.73 25.81 35.46 26.08 23.89 19.77 20.04
EV/Operating CF
29.26 34.77 33.35 38.54 37.50 45.72 33.52 25.68 25.57 25.71
EV/FCF
36.06 42.39 40.48 45.82 42.33 51.51 40.23 30.25 30.83 23.77
Quick Ratio
0.30 0.69 0.24 0.26 0.67 0.87 0.53 0.32 0.86 0.23
Current Ratio
0.37 0.93 0.31 0.32 0.77 1.00 0.69 0.36 1.10 0.29
Net Debt/EBITDA
8.01 7.97 7.90 7.84 6.58 7.74 7.67 7.27 7.06 7.52
Debt/Assets
119.22% 127.19% 137.77% 105.89% 121.16% 125.52% 121.57% 121.08% 119.04% 111.45%
Debt/Equity
(4.40) (3.58) (2.94) (2.82) (2.30) (2.33) (2.44) (2.38) (2.66) (2.66)
Asset Turnover
0.22 0.24 0.26 0.24 0.22 0.24 0.26 0.26 0.25 0.24
Operating CF/Net income
9.74 7.90 17.93 6.60 46.72 5.01 2.79 3.08 1.78 1.23
Capex/Depreciation
(0.20) (0.21) (0.22) (0.21) (0.13) (0.18) (0.29) (0.32) (0.78) 0.34
Interest Coverage
1.17 1.40 1.44 1.48 1.61 1.96 2.31 2.12 3.36 2.82
ROE
(4.12%) (4.51%) (1.59%) (4.17%) (0.57%) (4.70%) (8.74%) (9.61%) (14.58%) (21.15%)
ROA
1.04% 1.41% 0.65% 1.73% 0.25% 2.51% 4.53% 4.83% 6.94% 9.17%
ROIC
3.67% 4.34% 5.33% 5.59% 6.68% 7.43% 7.81% 8.36% 12.66% 11.02%
Return on Tangible Assets
3.40% 3.71% 2.43% 7.06% 0.95% 9.23% 18.46% 27.38% 25.21% 70.39%
Average Days of Receivables
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
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
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
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
2.02% 2.21% 2.27% 3.63% 3.31% 3.66% 3.79% 3.24% 2.78% 2.69%
Graham Net Nets
(0.69) (0.50) (0.55) (0.48) (0.43) (0.34) (0.51) (0.54) (0.66) (0.75)
Graham Number
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings Yield
0.58% 0.54% 0.25% 0.54% 0.08% 0.56% 1.52% 1.82% 3.42% 4.95%
Free Cash Flow Yield
4.59% 3.49% 3.77% 3.00% 3.17% 2.48% 3.52% 4.75% 5.05% 6.74%
Revenue per Share
13.12 14.41 16.24 17.86 18.68 21.12 24.39 25.06 24.89 26.26
Operating CF per Share
5.97 6.83 7.40 8.60 10.10 10.88 11.91 14.27 12.40 12.05
Capex per Share
(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
4.84 5.60 6.10 7.23 8.94 9.66 9.92 12.12 10.28 13.03
Cash per Share
1.47 0.85 1.53 1.23 3.05 3.96 1.72 2.28 12.97 4.03
Shareholders Equity per Share
(16.04) (21.68) (29.39) (32.51) (43.26) (48.33) (48.87) (47.79) (47.47) (45.27)
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
(16.04) (21.68) (29.39) (32.51) (43.26) (48.33) (48.87) (47.79) (47.47) (45.27)
Free Cash Flow
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
(548.88) (19.37) (832.42) (714.02) (141.81) (1.88) (214.03) (878.99) 180.78 (1,904.87)
Capital Expenditures
(139.98) (147.04) (149.81) (154.24) (128.57) (133.69) (214.44) (232.98) (227.82) 105.83
Net Current Asset Value
(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
56.09 62.08 52.13 64.07 66.63 69.52 46.57 42.95 23.77 24.73
Capex to Sales
0.09 0.09 0.08 0.08 0.06 0.06 0.08 0.09 0.09 (0.04)
Price to Operating Income
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
0.25 0.25 0.25 0.26 0.37 0.29 0.27 0.27 0.10 0.09
Cash ROIC
8.65% 9.85% 10.40% 11.99% 15.09% 14.17% 13.77% 17.72% 11.21% 16.48%
Accounts Receivable Turnover
20.20 20.44 18.50 16.57 20.20 26.23 18.40 14.77 16.32 17.76
Accounts Payable Turnover
15.19 14.48 13.86 14.91 6.72 7.57 15.64 13.09 11.43 10.42
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
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
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
80.84 84.51 100.85 121.58 103.11 88.02 143.16 183.56 164.22 158.48
Average Payables
27.71 30.83 33.82 33.08 70.91 72.02 42.75 46.81 50.88 66.29
Average Assets
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
(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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