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Saturday 17 October 2026 Export SBAC’s income statement to Excel — free account

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.

187.06 3.34 +1.82%
Market cap
$19.5B
P/E
20.1×
Fwd P/E
27.6×
Dividend yield
2.60%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

SBA Communications Corporation (SBAC) Debt to equity

Alert me on Debt to equity

SBA Communications Corporation's debt to equity at the end of the quarter to 30 June 2026 was −2.7×, down 0.1× from fiscal 2025 (−2.7×). Over the past ten years it has ranged from −5.0× (fiscal 2015) to −2.3× (fiscal 2020); the current reading is higher than 64% of that period. That is below the Reit Specialty industry median of 0.6× and below the Real Estate sector median of 0.8×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 −2.7× —
FY2024 −2.7× —
FY2023 −2.4× —
FY2022 −2.4× —
FY2021 −2.3× —
FY2020 −2.3× —
FY2019 −2.8× —
FY2018 −2.9× —
FY2017 −3.6× —
FY2016 −4.4× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 −2.7× —
Mar 2026 −2.7× —
Dec 2025 −2.7× —
Sep 2025 −2.6× —
42 more quarters

Against its own ten years

Low −5.0× High −2.3×
Ten-year median −2.7×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
IRM Iron Mountain Incorporated compare −18.2×
CCI Crown Castle Inc. compare −5.6×
SBAC SBA Communications Corporation −2.7×
RYN Rayonier Inc. compare 0.4×
WY Weyerhaeuser Company compare 0.6×
DLR Digital Realty Trust, Inc. compare 0.7×
GLPI Gaming and Leisure Properties, Inc. compare 1.5×
LAMR Lamar Advertising Company compare 3.5×
OUT OUTFRONT Media Inc. compare 3.6×
Reit Specialty industry median 0.6×
Real Estate sector median 0.8×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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