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.
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SBA Communications Corporation (SBAC) Return on invested capital
SBA Communications Corporation's return on invested capital over the twelve months to 30 June 2026 was 11.0%, up 0.0 percentage points from fiscal 2025 (11.0%). Over the past ten years it has ranged from 2.96% (fiscal 2015) to 12.7% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Reit Specialty industry median of 4.19% and above the Real Estate sector median of 2.03%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 11.0% | (1.64) |
| FY2024 | 12.7% | 4.30 |
| FY2023 | 8.36% | 0.55 |
| FY2022 | 7.81% | 0.38 |
| FY2021 | 7.43% | 0.75 |
| FY2020 | 6.68% | 1.09 |
| FY2019 | 5.59% | 0.26 |
| FY2018 | 5.33% | 0.99 |
| FY2017 | 4.34% | 0.67 |
| FY2016 | 3.67% | 0.71 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| SBAC SBA Communications Corporation | 11.0% |
| LAMR Lamar Advertising Company compare | 10.4% |
| CCI Crown Castle Inc. compare | 9.03% |
| OUT OUTFRONT Media Inc. compare | 7.74% |
| GLPI Gaming and Leisure Properties, Inc. compare | 6.47% |
| IRM Iron Mountain Incorporated compare | 5.48% |
| WY Weyerhaeuser Company compare | 3.67% |
| RYN Rayonier Inc. compare | 0.54% |
| DLR Digital Realty Trust, Inc. compare | 0.07% |
| Reit Specialty industry median | 4.19% |
| Real Estate sector median | 2.03% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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- Revenue
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- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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