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Friday 6 November 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.

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

SBA Communications Corporation (SBAC) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, SBA Communications Corporation (SBAC) trades at a EV/EBITDA of 19.2×. Over the past ten years it has ranged from 17.0× (October 2026) to 35.5× (December 2021); the current reading is higher than 5% of that period. That is above the Reit Specialty industry median of 17.4× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 20.0× 1.37%
FY2024 19.8× (17.26%)
FY2023 23.9× (8.37%)
FY2022 26.1× (26.47%)
FY2021 35.5× 37.37%
FY2020 25.8× (10.16%)
FY2019 28.7× 25.27%
FY2018 22.9× (6.84%)
FY2017 24.6× 21.53%
FY2016 20.3× (7.57%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 17.2× (5.60%)
Jun 2026 18.2× (0.88%)
Mar 2026 18.3× (8.45%)
Dec 2025 20.0× 4.77%
43 more quarters

Against its own ten years

Low 17.0× High 35.5×
Ten-year median 23.1×
Current reading's percentile 5

EV/EBITDA against peers

Company EV/EBITDA
GLPI Gaming and Leisure Properties, Inc. compare 11.9×
OUT OUTFRONT Media Inc. compare 14.7×
WY Weyerhaeuser Company compare 15.5×
LAMR Lamar Advertising Company compare 17.4×
IRM Iron Mountain Incorporated compare 18.5×
SBAC SBA Communications Corporation 19.2×
CCI Crown Castle Inc. compare 20.9×
DLR Digital Realty Trust, Inc. compare 37.4×
RYN Rayonier Inc. compare 44.6×
Reit Specialty industry median 17.4×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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