Fermi Inc. (FRMI) vs SBA Communications Corporation (SBAC)
Fermi Inc. and SBA Communications Corporation are both Reit Specialty companies. SBA Communications Corporation is the larger, with a market value of $17.6B against $3.0B — 5.9× the size. Fermi Inc. has negative trailing earnings, so its P/E is not meaningful; SBA Communications Corporation trades at 17.8×. SBA Communications Corporation has the higher net margin (34.5% vs 0.00%) and the higher return on invested capital (11.0% vs −24.3%). Across the 11 metrics below, SBA Communications Corporation leads on 9 and Fermi Inc. on 2.
Valuation
Profitability
| Metric | FRMI | SBAC | Reit Specialty median |
|---|---|---|---|
| Gross margin | — | 75.18% | 67.43% |
| Operating margin | 0.00% | 47.65% | 21.38% |
| Net margin | 0.00% | 34.51% | 16.14% |
| Free cash flow margin | 0.00% | 46.89% | 31.07% |
| Return on equity | (134.87%) | (20.71%) | 4.76% |
| Return on assets | (74.99%) | 8.80% | 3.29% |
| Return on invested capital | (24.28%) | 11.04% | 4.19% |
Growth
Health
Dividend
Size
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