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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 '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	19.66	29.24	54.95	65.83	178.45	1,282.41	185.38	394.85	184.63	173.00
Piotroski F-Score Full definition →	6	7	7	7	7	6	8	7	7	8
P/S ratio Full definition →	7.37	8.19	10.17	11.55	18.42	15.11	13.49	9.97	11.14	8.04
P/FCF ratio Full definition →	14.84	19.82	21.04	28.39	40.27	31.55	33.32	26.54	28.68	21.80
P/Operating CF Full definition →	68.21	70.73	63.78	105.38	142.45	129.43	102.56	82.14	84.82	61.00
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 →	11.80	12.74	14.63	16.37	23.56	20.27	18.56	15.20	16.47	13.30
EV/EBITDA Full definition →	20.04	19.77	23.89	26.08	35.46	25.81	28.73	22.94	24.62	20.26
EV/Operating CF Full definition →	25.71	25.57	25.68	33.52	45.72	37.50	38.54	33.35	34.77	29.26
EV/FCF Full definition →	23.77	30.83	30.25	40.23	51.51	42.33	45.82	40.48	42.39	36.06
Quick Ratio Full definition →	0.23	0.86	0.32	0.53	0.87	0.67	0.26	0.24	0.69	0.30
Current Ratio Full definition →	0.29	1.10	0.36	0.69	1.00	0.77	0.32	0.31	0.93	0.37
Net Debt/EBITDA Full definition →	7.52	7.06	7.27	7.67	7.74	6.58	7.84	7.90	7.97	8.01
Debt/Assets Full definition →	111.45%	119.04%	121.08%	121.57%	125.52%	121.16%	105.89%	137.77%	127.19%	119.22%
Debt/Equity Full definition →	(2.66)	(2.66)	(2.38)	(2.44)	(2.33)	(2.30)	(2.82)	(2.94)	(3.58)	(4.40)
Asset Turnover Full definition →	0.24	0.25	0.26	0.26	0.24	0.22	0.24	0.26	0.24	0.22
Operating CF/Net income Full definition →	1.23	1.78	3.08	2.79	5.01	46.72	6.60	17.93	7.90	9.74
Capex/Depreciation Full definition →	0.34	(0.78)	(0.32)	(0.29)	(0.18)	(0.13)	(0.21)	(0.22)	(0.21)	(0.20)
Interest Coverage Full definition →	2.82	3.36	2.12	2.31	1.96	1.61	1.48	1.44	1.40	1.17
ROE Full definition →	(21.15%)	(14.58%)	(9.61%)	(8.74%)	(4.70%)	(0.57%)	(4.17%)	(1.59%)	(4.51%)	(4.12%)
ROA Full definition →	9.17%	6.94%	4.83%	4.53%	2.51%	0.25%	1.73%	0.65%	1.41%	1.04%
ROIC Full definition →	11.02%	12.66%	8.36%	7.81%	7.43%	6.68%	5.59%	5.33%	4.34%	3.67%
Return on Tangible Assets Full definition →	70.39%	25.21%	27.38%	18.46%	9.23%	0.95%	7.06%	2.43%	3.71%	3.40%
Average Days of Receivables Full definition →	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 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 →	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 Full definition →	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 Full definition →	2.69%	2.78%	3.24%	3.79%	3.66%	3.31%	3.63%	2.27%	2.21%	2.02%
Graham Net Nets Full definition →	(0.75)	(0.66)	(0.54)	(0.51)	(0.34)	(0.43)	(0.48)	(0.55)	(0.50)	(0.69)
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 →	5.09%	3.42%	1.82%	1.52%	0.56%	0.08%	0.54%	0.25%	0.54%	0.58%
Free Cash Flow Yield Full definition →	6.74%	5.05%	4.75%	3.52%	2.48%	3.17%	3.00%	3.77%	3.49%	4.59%
Revenue per Share Full definition →	26.26	24.89	25.06	24.39	21.12	18.68	17.86	16.24	14.41	13.12
Operating CF per Share Full definition →	12.05	12.40	14.27	11.91	10.88	10.10	8.60	7.40	6.83	5.97
Capex per Share Full definition →	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 Full definition →	13.03	10.28	12.12	9.92	9.66	8.94	7.23	6.10	5.60	4.84
Cash per Share Full definition →	4.03	12.97	2.28	1.72	3.96	3.05	1.23	1.53	0.85	1.47
Shareholders Equity per Share Full definition →	(45.27)	(47.47)	(47.79)	(48.87)	(48.33)	(43.26)	(32.51)	(29.39)	(21.68)	(16.04)
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 →	(45.27)	(47.47)	(47.79)	(48.87)	(48.33)	(43.26)	(32.51)	(29.39)	(21.68)	(16.04)
Free Cash Flow Full definition →	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 Full definition →	(1,904.87)	180.78	(878.99)	(214.03)	(1.88)	(141.81)	(714.02)	(832.42)	(19.37)	(548.88)
Capital Expenditures Full definition →	105.83	(227.82)	(232.98)	(214.44)	(133.69)	(128.57)	(154.24)	(149.81)	(147.04)	(139.98)
Net Current Asset Value Full definition →	(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 Full definition →	24.73	23.77	42.95	46.57	69.52	66.63	64.07	52.13	62.08	56.09
Capex to Sales Full definition →	(0.04)	0.09	0.09	0.08	0.06	0.06	0.08	0.08	0.09	0.09
Price to Operating Income Full definition →	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 Full definition →	0.09	0.10	0.27	0.27	0.29	0.37	0.26	0.25	0.25	0.25
Cash ROIC Full definition →	16.48%	11.21%	17.72%	13.77%	14.17%	15.09%	11.99%	10.40%	9.85%	8.65%
Accounts Receivable Turnover Full definition →	17.76	16.32	14.77	18.40	26.23	20.20	16.57	18.50	20.44	20.20
Accounts Payable Turnover Full definition →	10.42	11.43	13.09	15.64	7.57	6.72	14.91	13.86	14.48	15.19
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 →	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 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 →	158.48	164.22	183.56	143.16	88.02	103.11	121.58	100.85	84.51	80.84
Average Payables Full definition →	66.29	50.88	46.81	42.75	72.02	70.91	33.08	33.82	30.83	27.71
Average Assets Full definition →	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 Full definition →	(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)

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Columns are period end dates · fundamentals updated 25 Oct 2026

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