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

SBA Communications Corporation (SBAC) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, SBA Communications Corporation (SBAC) trades at a price to free cash flow of 14.7×. Over the past ten years it has ranged from 12.5× (October 2026) to 42.1× (December 2021); the current reading is higher than 4% of that period. That is in line with the Reit Specialty industry median of 14.8× and above the Real Estate sector median of 11.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 14.8× (25.10%)
FY2024 19.8× (5.81%)
FY2023 21.0× (25.90%)
FY2022 28.4× (29.49%)
FY2021 40.3× 27.65%
FY2020 31.5× (5.33%)
FY2019 33.3× 25.54%
FY2018 26.5× (7.43%)
FY2017 28.7× 31.56%
FY2016 21.8× (16.51%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 13.9× 0.08%
Mar 2026 13.9× (6.38%)
Dec 2025 14.8× (19.79%)
Sep 2025 18.5× (19.21%)
42 more quarters

Against its own ten years

Low 12.5× High 42.1×
Ten-year median 26.9×
Current reading's percentile 4

Price to free cash flow against peers

Company Price to free cash flow
IRM Iron Mountain Incorporated compare n/m
RYN Rayonier Inc. compare n/m
WY Weyerhaeuser Company compare n/m
SBAC SBA Communications Corporation 14.7×
CCI Crown Castle Inc. compare 14.8×
DLR Digital Realty Trust, Inc. compare 16.9×
GLPI Gaming and Leisure Properties, Inc. compare 17.9×
OUT OUTFRONT Media Inc. compare 18.4×
LAMR Lamar Advertising Company compare 20.6×
Reit Specialty industry median 14.8×
Real Estate sector median 11.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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