SBA Communications Corporation SBAC

166.15 0.03 0.02% as of 25 Sep
Market cap
$17.6B
P/E
17.8×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

SBA Communications Corporation (SBAC) Free cash flow margin

SBA Communications Corporation's free cash flow margin over the twelve months to 30 June 2026 was 46.9%, down 2.7 percentage points from fiscal 2025 (49.6%). Over the past ten years it has ranged from 31.4% (fiscal 2015) to 49.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Specialty industry median of 31.1% and above the Real Estate sector median of 9.94%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 49.6% 8.32
FY2024 41.3% (7.05)
FY2023 48.4% 7.68
FY2022 40.7% (5.07)
FY2021 45.8% (2.13)
FY2020 47.9% 7.39
FY2019 40.5% 2.93
FY2018 37.6% (1.30)
FY2017 38.9% 1.96
FY2016 36.9% 5.51

Against its own ten years

Low 31.4% High 49.6%
Ten-year median 40.7%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
CCI Crown Castle Inc. compare 57.8%
DLR Digital Realty Trust, Inc. compare 54.4%
SBAC SBA Communications Corporation 46.9%
GLPI Gaming and Leisure Properties, Inc. compare 37.9%
LAMR Lamar Advertising Company compare 31.8%
OUT OUTFRONT Media Inc. compare 15.1%
WY Weyerhaeuser Company compare −2.06%
IRM Iron Mountain Incorporated compare −7.87%
RYN Rayonier Inc. compare −48.4%
Reit Specialty industry median 31.1%
Real Estate sector median 9.94%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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