Monday 12 October 2026 Export all SBAC data to Excel Powerpack

SBA Communications Corporation

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.

183.38 0.89 +0.49%

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Market cap: $19.4B
P/E: 19.6×
Fwd P/E: 27.6×
Dividend yield: 2.66%
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

Insider Decisions trades per month

Total sells 0.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 0.69%

Capital & Financial Ratios $m

Market Cap 19,360.00

Revenue 2,870.62

Net Income 992.23

Free Cash Flow 1,345.95

Net Debt 12,373.16

Current Ratio 0.17

Debt/Equity (2.75)

P/E ratio 19.60

Fwd P/E 27.60

P/S ratio 6.74

P/B ratio 0.00

Past 5Y EPS Growth 115.68%

This Y EPS Growth (21.41%)

Next Y EPS Growth 8.17%

Next Y revenue growth 1.77%

Next 5Y EPS Growth (2.20%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 3.35%

10-year low 10-year high

P/S against its own 10 years 2.03%

10-year low 10-year high

EV/Sales against its own 10 years 1.81%

10-year low 10-year high

EV/FCF against its own 10 years 2.95%

10-year low 10-year high

Dividends

Payout Ratio 0.52

Annual Dividend Rate 4.86

Annual Dividend Yield 2.66%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	5.00	1.25 1.25 1.25
2025	4.44	1.11 1.11 1.11 1.11
2024	3.92	0.98 0.98 0.98 0.98
2023	3.40	0.85 0.85 0.85 0.85
2022	2.84	0.71 0.71 0.71 0.71
2021	2.32	0.58 0.58 0.58 0.58
2020	1.86	0.47 0.47 0.47 0.47
2019	0.74	0.37 0.37
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	247	1,396	432	356
Receivables	183	146	171	176
Inventory	—	—	—	—
Other	16	19	28	25
	484	1,979	773	745

	2023	2024	2025	Q'26
Payables	42	60	73	70
ST’ Debt	643	1,188	1,936	3,579
Other	19	18	94	69
	1,363	1,798	2,678	4,337

Compound Annual Growth %

	10y	5y	3y
Sales	5.56%	6.21%	2.25%
Cash Flow	5.97%	2.78%	0.15%
Earnings	0.00%	112.87%	31.68%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	703	715	—	—	—
’25	664	699	732	720	2,815
’24	658	660	668	694	2,680
’23	676	679	683	675	2,712
’22	620	652	676	686	2,633
’21	549	576	589	595	2,309
’20	517	507	523	536	2,083

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	255	407	—	—	—
’25	301	368	318	304	1,291
’24	294	426	305	310	1,335
’23	311	487	314	433	1,544
’22	292	372	332	289	1,286
’21	285	353	253	299	1,190
’20	278	315	290	243	1,126

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	209	348	—	—	—
’25	295	312	258	531	1,397
’24	237	376	240	255	1,107
’23	262	423	252	374	1,311
’22	254	319	275	223	1,071
’21	261	322	218	255	1,056
’20	238	287	262	210	997

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.74	1.87	—	—	—
’25	1.77	2.09	2.20	3.47	9.80
’24	1.42	1.51	2.40	1.61	6.94
’23	0.93	1.87	0.80	1.01	4.61
’22	1.72	0.64	0.91	0.94	4.22
’21	(0.11)	1.37	0.43	0.44	2.14
’20	(1.14)	0.20	0.20	0.94	0.21

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	82.80	102.06	146.13	158.07	205.20	232.88	236.20	185.23	183.64	185.13	Analyst estimates 2026–2028 Powerpack
	High	118.57	173.97	177.67	270.42	328.37	391.15	389.02	312.34	255.90	245.16
People
People	Employees	1,241	1,291	1,347	1,475	1,483	1,596	1,834	1,787	1,720	1,844
	Revenue/emp, $m	1.32	1.34	1.39	1.37	1.40	1.45	1.44	1.52	1.56	1.53
Income, $m
Income, $m	Revenue	1,633	1,728	1,866	2,015	2,083	2,309	2,633	2,712	2,680	2,815
	Gross margin, %	74.23	74.17	74.87	75.53	77.12	76.37	74.61	77.41	78.29	75.46
	EBT	87	117	52	187	(18)	253	526	549	773	1,242
	EBT margin, %	5.35	6.77	2.77	9.28	(0.85)	10.94	19.97	20.23	28.83	44.12
	Net income	76	104	47	147	24	238	460	497	749	1,054
	Depreciation	685	697	692	717	1,002	752	727	737	291	314
Per share, $
Per share, $	Revenue	13.12	14.41	16.24	17.86	18.68	21.12	24.39	25.06	24.89	26.26
	Earnings	0.61	0.86	0.41	1.30	0.22	2.17	4.27	4.64	6.96	9.83
	Cash flow	5.97	6.83	7.40	8.60	10.10	10.88	11.91	14.27	12.40	12.05
	Capex	(1.12)	(1.23)	(1.30)	(1.37)	(1.15)	(1.22)	(1.99)	(2.15)	(2.12)	0.99
	Free cash flow	4.84	5.60	6.10	7.23	8.94	9.66	9.92	12.12	10.28	13.03
	Book value	(16.04)	(21.68)	(29.39)	(32.51)	(43.26)	(48.33)	(48.87)	(47.79)	(47.47)	(45.27)
	Shares, m	124	120	115	113	112	109	108	108	108	107
Valuation, ×
Valuation, ×	P/E	173.00	184.63	394.85	185.38	1,282.41	178.45	65.83	54.95	29.24	20.21
	P/S	8.04	11.14	9.97	13.49	15.11	18.42	11.55	10.17	8.19	7.37
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	13.30	16.47	15.20	18.56	20.27	23.56	16.37	14.63	12.74	11.80
	EV/FCF	36.06	42.39	40.48	45.82	42.33	51.51	40.23	30.25	30.83	23.77
Cash, $m
Cash, $m	Operating cash flow	743	818	851	970	1,126	1,190	1,286	1,544	1,335	1,291
	Capex	(140)	(147)	(150)	(154)	(129)	(134)	(214)	(233)	(228)	106
	Free cash flow	603	671	701	816	997	1,056	1,071	1,311	1,107	1,397
Balance, $m
Balance, $m	Working capital	(549)	(19)	(832)	(714)	(142)	(2)	(214)	(879)	181	(1,905)
	Total debt	8,776	9,311	9,939	10,334	11,096	12,303	12,868	12,324	13,592	12,900
	Net debt	8,593	9,209	9,763	10,196	10,756	11,870	12,682	12,078	12,195	12,468
	Shareholders’ equity	(1,996)	(2,599)	(3,377)	(3,667)	(4,824)	(5,283)	(5,276)	(5,171)	(5,110)	(4,854)
Returns, %
Returns, %	ROA	1.04	1.41	0.65	1.73	0.25	2.51	4.53	4.83	6.94	9.17
	ROIC	3.67	4.34	5.33	5.59	6.68	7.43	7.81	8.36	12.66	11.02
	ROE	(4.12)	(4.51)	(1.59)	(4.17)	(0.57)	(4.70)	(8.74)	(9.61)	(14.58)	(21.15)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DLR Digital Realty Trust, Inc.	$65.3B	82.2×	89.2×	+28.86% (above 0%: growing)	−58.75% (below 0%: shrinking)	−25.86% (below 0%: shrinking)	61.14%	24.28%	Compare
IRM Iron Mountain Incorporated	$33.6B	81.8×	64.9×	+18.52% (above 0%: growing)	n/m	+58.56% (above 0%: growing)	52.76%	18.41%	Compare
CCI Crown Castle Inc.	$29.3B	40.2×	46.8×	−4.91% (below 0%: shrinking)	−67.16% (below 0%: shrinking)	−40.40% (below 0%: shrinking)	73.41%	46.63%	Compare
SBAC SBA Communications Corporation	$18.0B	19.6×	27.6×	+2.33% (above 0%: growing)	−10.95% (below 0%: shrinking)	+11.32% (above 0%: growing)	75.39%	49.19%
LAMR Lamar Advertising Company	$14.8B	26.7×	25.6×	+6.46% (above 0%: growing)	+3.95% (above 0%: growing)	+8.91% (above 0%: growing)	68.51%	33.72%	Compare
WY Weyerhaeuser Company	$13.8B	28.9×	56.6×	−0.90% (below 0%: shrinking)	+91.67% (above 0%: growing)	+29.41% (above 0%: growing)	16.66%	11.94%	Compare
GLPI Gaming and Leisure Properties, Inc.	$11.1B	11.2×	14.4×	+9.03% (above 0%: growing)	+45.45% (above 0%: growing)	−42.77% (below 0%: shrinking)	100.00%	77.21%	Compare
RYN Rayonier Inc.	$5.6B	41.3×	53.8×	+272.15% (above 0%: growing)	−97.72% (below 0%: shrinking)	−88.66% (below 0%: shrinking)	19.08%	8.73%	Compare
OUT OUTFRONT Media Inc.	$5.2B	21.4×	23.1×	+13.54% (above 0%: growing)	+340.00% (above 0%: growing)	+167.78% (above 0%: growing)	52.90%	22.22%	Compare
Median of peers	$14.3B	34.5×	50.3×	+11.29%	+3.95%	−8.47%	57.02%	23.25%

All 18 Reit Specialty stocks →

SBA Communications Corporation (SBAC) key facts

Strength: SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024.
SBA Communications Corporation (SBAC) is a Reit Specialty company in the Real Estate sector, listed on Nasdaq.
As of October 12, 2026, SBAC traded at $183.36, a market capitalization of $19.4 billion.
SBA Communications Corporation pays an annual dividend of $4.86 per share, a yield of 2.66%, with a payout ratio of 52.4%.
Return on equity was −21.2% and debt-to-equity -2.75.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.