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 '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
ROE
(21.15%) (14.58%) (9.61%) (8.74%) (4.70%) (0.57%) (4.17%) (1.59%) (4.51%) (4.12%)
ROA
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)

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