Monday 12 October 2026
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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%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
20.21 | 29.24 | 54.95 | 65.83 | 178.45 | 1,282.41 | 185.38 | 394.85 | 184.63 | 173.00 |
Piotroski F-Score |
6 | 7 | 7 | 7 | 7 | 6 | 8 | 7 | 7 | 8 |
P/S ratio |
7.37 | 8.19 | 10.17 | 11.55 | 18.42 | 15.11 | 13.49 | 9.97 | 11.14 | 8.04 |
P/FCF ratio |
14.84 | 19.82 | 21.04 | 28.39 | 40.27 | 31.55 | 33.32 | 26.54 | 28.68 | 21.80 |
P/Operating CF |
68.21 | 70.73 | 63.78 | 105.38 | 142.45 | 129.43 | 102.56 | 82.14 | 84.82 | 61.00 |
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 |
11.80 | 12.74 | 14.63 | 16.37 | 23.56 | 20.27 | 18.56 | 15.20 | 16.47 | 13.30 |
EV/EBITDA |
20.04 | 19.77 | 23.89 | 26.08 | 35.46 | 25.81 | 28.73 | 22.94 | 24.62 | 20.26 |
EV/Operating CF |
25.71 | 25.57 | 25.68 | 33.52 | 45.72 | 37.50 | 38.54 | 33.35 | 34.77 | 29.26 |
EV/FCF |
23.77 | 30.83 | 30.25 | 40.23 | 51.51 | 42.33 | 45.82 | 40.48 | 42.39 | 36.06 |
Quick Ratio |
0.23 | 0.86 | 0.32 | 0.53 | 0.87 | 0.67 | 0.26 | 0.24 | 0.69 | 0.30 |
Current Ratio |
0.29 | 1.10 | 0.36 | 0.69 | 1.00 | 0.77 | 0.32 | 0.31 | 0.93 | 0.37 |
Net Debt/EBITDA |
7.52 | 7.06 | 7.27 | 7.67 | 7.74 | 6.58 | 7.84 | 7.90 | 7.97 | 8.01 |
Debt/Assets |
111.45% | 119.04% | 121.08% | 121.57% | 125.52% | 121.16% | 105.89% | 137.77% | 127.19% | 119.22% |
Debt/Equity |
(2.66) | (2.66) | (2.38) | (2.44) | (2.33) | (2.30) | (2.82) | (2.94) | (3.58) | (4.40) |
Asset Turnover |
0.24 | 0.25 | 0.26 | 0.26 | 0.24 | 0.22 | 0.24 | 0.26 | 0.24 | 0.22 |
Operating CF/Net income |
1.23 | 1.78 | 3.08 | 2.79 | 5.01 | 46.72 | 6.60 | 17.93 | 7.90 | 9.74 |
Capex/Depreciation |
0.34 | (0.78) | (0.32) | (0.29) | (0.18) | (0.13) | (0.21) | (0.22) | (0.21) | (0.20) |
Interest Coverage |
2.82 | 3.36 | 2.12 | 2.31 | 1.96 | 1.61 | 1.48 | 1.44 | 1.40 | 1.17 |
| (21.15%) | (14.58%) | (9.61%) | (8.74%) | (4.70%) | (0.57%) | (4.17%) | (1.59%) | (4.51%) | (4.12%) | |
| 9.17% | 6.94% | 4.83% | 4.53% | 2.51% | 0.25% | 1.73% | 0.65% | 1.41% | 1.04% | |
ROIC |
11.02% | 12.66% | 8.36% | 7.81% | 7.43% | 6.68% | 5.59% | 5.33% | 4.34% | 3.67% |
Return on Tangible Assets |
70.39% | 25.21% | 27.38% | 18.46% | 9.23% | 0.95% | 7.06% | 2.43% | 3.71% | 3.40% |
Average Days of Receivables |
22.20 | 19.85 | 24.60 | 25.55 | 16.12 | 12.98 | 23.94 | 21.72 | 19.16 | 17.51 |
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 |
9.86% | 9.66% | 9.88% | 9.94% | 9.53% | 9.33% | 9.57% | 7.64% | 7.56% | 8.78% |
Intangible Assets out of Total Assets |
0.25 | 0.21 | 0.24 | 0.26 | 0.29 | 0.34 | 0.37 | 0.46 | 0.49 | 0.50 |
Share Based Compensation of Revenue |
2.69% | 2.78% | 3.24% | 3.79% | 3.66% | 3.31% | 3.63% | 2.27% | 2.21% | 2.02% |
Graham Net Nets |
(0.75) | (0.66) | (0.54) | (0.51) | (0.34) | (0.43) | (0.48) | (0.55) | (0.50) | (0.69) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
4.95% | 3.42% | 1.82% | 1.52% | 0.56% | 0.08% | 0.54% | 0.25% | 0.54% | 0.58% |
Free Cash Flow Yield |
6.74% | 5.05% | 4.75% | 3.52% | 2.48% | 3.17% | 3.00% | 3.77% | 3.49% | 4.59% |
Revenue per Share |
26.26 | 24.89 | 25.06 | 24.39 | 21.12 | 18.68 | 17.86 | 16.24 | 14.41 | 13.12 |
Operating CF per Share |
12.05 | 12.40 | 14.27 | 11.91 | 10.88 | 10.10 | 8.60 | 7.40 | 6.83 | 5.97 |
Capex per Share |
0.99 | (2.12) | (2.15) | (1.99) | (1.22) | (1.15) | (1.37) | (1.30) | (1.23) | (1.12) |
Free Cash Flow per Share |
13.03 | 10.28 | 12.12 | 9.92 | 9.66 | 8.94 | 7.23 | 6.10 | 5.60 | 4.84 |
Cash per Share |
4.03 | 12.97 | 2.28 | 1.72 | 3.96 | 3.05 | 1.23 | 1.53 | 0.85 | 1.47 |
Shareholders Equity per Share |
(45.27) | (47.47) | (47.79) | (48.87) | (48.33) | (43.26) | (32.51) | (29.39) | (21.68) | (16.04) |
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 |
(45.27) | (47.47) | (47.79) | (48.87) | (48.33) | (43.26) | (32.51) | (29.39) | (21.68) | (16.04) |
Free Cash Flow |
1,397.16 | 1,107.05 | 1,311.41 | 1,071.26 | 1,056.20 | 997.47 | 815.81 | 700.81 | 671.43 | 602.54 |
Working Capital |
(1,904.87) | 180.78 | (878.99) | (214.03) | (1.88) | (141.81) | (714.02) | (832.42) | (19.37) | (548.88) |
Capital Expenditures |
105.83 | (227.82) | (232.98) | (214.44) | (133.69) | (128.57) | (154.24) | (149.81) | (147.04) | (139.98) |
Net Current Asset Value |
(15,655.10) | (14,548.55) | (14,865.05) | (15,378.63) | (14,470.65) | (13,509.41) | (13,092.68) | (10,216.68) | (9,659.79) | (9,032.29) |
EV/EBIT |
24.73 | 23.77 | 42.95 | 46.57 | 69.52 | 66.63 | 64.07 | 52.13 | 62.08 | 56.09 |
Capex to Sales |
(0.04) | 0.09 | 0.09 | 0.08 | 0.06 | 0.06 | 0.08 | 0.08 | 0.09 | 0.09 |
Price to Operating Income |
15.44 | 15.28 | 29.87 | 32.87 | 54.35 | 49.66 | 46.59 | 34.19 | 41.99 | 33.91 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.09 | 0.10 | 0.27 | 0.27 | 0.29 | 0.37 | 0.26 | 0.25 | 0.25 | 0.25 |
Cash ROIC |
16.48% | 11.21% | 17.72% | 13.77% | 14.17% | 15.09% | 11.99% | 10.40% | 9.85% | 8.65% |
Accounts Receivable Turnover |
17.76 | 16.32 | 14.77 | 18.40 | 26.23 | 20.20 | 16.57 | 18.50 | 20.44 | 20.20 |
Accounts Payable Turnover |
10.42 | 11.43 | 13.09 | 15.64 | 7.57 | 6.72 | 14.91 | 13.86 | 14.48 | 15.19 |
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 |
38.58 | 37.36 | 25.14 | 28.07 | 22.79 | 84.23 | 23.58 | 26.71 | 27.26 | 24.56 |
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 |
158.48 | 164.22 | 183.56 | 143.16 | 88.02 | 103.11 | 121.58 | 100.85 | 84.51 | 80.84 |
Average Payables |
66.29 | 50.88 | 46.81 | 42.75 | 72.02 | 70.91 | 33.08 | 33.82 | 30.83 | 27.71 |
Average Assets |
11,496.18 | 10,797.89 | 10,381.74 | 10,193.37 | 9,479.86 | 9,458.98 | 8,486.82 | 7,266.96 | 7,340.58 | 7,336.96 |
Average Common Equity |
(4,981.73) | (5,140.41) | (5,223.60) | (5,279.86) | (5,053.89) | (4,245.69) | (3,521.91) | (2,987.97) | (2,297.52) | (1,851.03) |
Columns are period end dates