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.

Revenue
−2.51%
EPS
−0.27%
Free cash flow
+28.6%
Total debt
+1.50%

Quarter to September 2026, against a year earlier

193.47 2.01 −1.03%
Market cap
$20.2B
P/E
20.8×
Fwd P/E
24.3×
Dividend yield
2.51%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

SBA Communications Corporation (SBAC) Current ratio

Alert me on Current ratio

SBA Communications Corporation's current ratio at the end of the quarter to 30 September 2026 was 0.2×, down 0.1× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.3× (fiscal 2025) to 1.1× (fiscal 2024) — the current reading is the lowest in ten years. That is below the Reit Specialty industry median of 0.7× and below the Real Estate sector median of 1.2×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.3× (73.76%)
FY2024 1.1× 209.85%
FY2023 0.4× (48.73%)
FY2022 0.7× (30.50%)
FY2021 1.0× 29.59%
FY2020 0.8× 141.24%
FY2019 0.3× 2.90%
FY2018 0.3× (66.70%)
FY2017 0.9× 150.40%
FY2016 0.4× (65.44%)

Quarterly newest first

Period Current ratio Change
Sep 2026 0.2× 14.09%
Jun 2026 0.2× (25.15%)
Mar 2026 0.2× (20.57%)
Dec 2025 0.3× (42.74%)
43 more quarters

Against its own ten years

Low 0.3× High 1.1×
Ten-year median 0.7×
Current reading's percentile 9

Current ratio against peers

Company Current ratio
GLPI Gaming and Leisure Properties, Inc. compare 5.4×
RYN Rayonier Inc. compare 3.6×
WY Weyerhaeuser Company compare 1.8×
DLR Digital Realty Trust, Inc. compare 0.7×
OUT OUTFRONT Media Inc. compare 0.7×
LAMR Lamar Advertising Company compare 0.6×
IRM Iron Mountain Incorporated compare 0.6×
CCI Crown Castle Inc. compare 0.2×
SBAC SBA Communications Corporation 0.2×
Reit Specialty industry median 0.7×
Real Estate sector median 1.2×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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