SBAC
SBA Communications Corporation
$182.49
+12.48
(+7.34%)
Mkt Cap
19.36B
Volume
2,355,496
52W Range
156.6-224.46
Sector
Real Estate
Beta
0.99
EPS (TTM)
9.31 USD
P/E Ratio
19.60
Revenue (TTM)
2.87B USD
Rev Growth (5Y)
+6.2%
EPS Growth (5Y)
+115.8%
AlphaVal · Fair Value
What we estimate one share is worth
$445.41
Undervalued
strong signal
59.0% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B-
Real Estate Investment Trust
66.0 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central activity revolves around renting out capacity on its shared communication towers to various wireless service providers through long-term contractual agreements. For further details, please visit www.sbasite.com.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.82B | 2.68B | 2.71B | 2.63B | 2.31B | 2.08B | 2.01B | 1.87B | 1.73B | 1.63B | 1.64B | 1.53B |
| Net Income | 1.05B | 749.54M | 501.81M | 461.43M | 237.62M | 24.10M | 146.99M | 47.45M | 103.65M | 76.24M | (175.66M) | (24.30M) |
| EPS | 9.83 | 6.96 | 4.64 | 4.27 | 2.17 | 0.21 | 1.28 | 0.41 | 0.86 | 0.61 | -1.37 | -0.19 |
| Free Cash Flow | 1.07B | 1.11B | 1.31B | 1.07B | 1.06B | 997.47M | 830.66M | 702.33M | 671.43M | 589.04M | 528.47M | 473.41M |
| FCF / Share | 9.95 | 10.25 | 12.01 | 9.80 | 9.51 | 8.79 | 7.24 | 6.07 | 5.57 | 4.71 | 4.14 | 3.70 |
| Operating CF | 1.29B | 1.33B | 1.54B | 1.29B | 1.19B | 1.13B | 984.89M | 852.14M | 819.61M | 729.03M | 737.17M | 684.66M |
| Total Assets | 11.58B | 11.42B | 10.18B | 10.59B | 9.80B | 9.16B | 9.76B | 7.21B | 7.32B | 7.36B | 7.40B | 7.84B |
| Total Debt | 15.32B | 15.76B | 14.46B | 15.17B | 14.52B | 13.43B | 12.86B | 9.94B | 9.31B | 8.78B | 8.45B | 7.86B |
| Cash & Equiv | 432.37M | 189.84M | 208.55M | 143.71M | 367.28M | 308.56M | 108.31M | 143.44M | 68.78M | 146.11M | 118.04M | 39.44M |
| Book Value | (4.85B) | (5.11B) | (5.17B) | (5.28B) | (5.28B) | (4.82B) | (3.67B) | (3.38B) | (2.60B) | (2.00B) | (1.71B) | (660.80M) |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 715.27M | 703.44M | 719.58M | 732.33M | 698.98M | 664.25M | 693.70M | 667.60M | 660.48M | 657.86M | 675.02M | 682.54M |
| Net Income | 198.78M | 184.83M | 370.29M | 236.82M | 225.79M | 220.73M | 173.63M | 258.53M | 162.83M | 154.54M | 109.53M | 87.42M |
| EPS | 1.87 | 1.75 | 3.48 | 2.21 | 2.09 | 2.04 | 1.61 | 2.41 | 1.51 | 1.42 | 1.01 | 0.80 |
| Free Cash Flow | 344.76M | 206.69M | 241.30M | 257.98M | 312.23M | 255.00M | 254.62M | 239.90M | 375.62M | 236.58M | 332.78M | 252.29M |
| FCF / Share | 3.25 | 1.95 | 2.27 | 2.40 | 2.90 | 2.36 | 2.36 | 2.23 | 3.49 | 2.18 | 3.07 | 2.32 |
| Operating CF | 407.18M | 255.09M | 304.02M | 318.03M | 368.10M | 301.18M | 310.17M | 304.65M | 425.59M | 294.45M | 432.61M | 313.68M |
| Total Assets | 11.74B | 11.72B | 11.58B | 11.26B | 10.77B | 10.44B | 11.42B | 10.20B | 9.79B | 10.00B | 10.18B | 10.33B |
| Total Debt | 15.21B | 15.42B | 15.32B | 15.02B | 14.81B | 14.64B | 15.76B | 14.52B | 14.30B | 14.43B | 14.46B | 14.77B |
| Cash & Equiv | 327.05M | 327.84M | 432.37M | 430.31M | 275.27M | 636.45M | 189.84M | 186.34M | 220.51M | 240.31M | 208.55M | 190.54M |
| Book Value | (4.63B) | (4.75B) | (4.85B) | (4.93B) | (4.94B) | (4.97B) | (5.11B) | (5.17B) | (5.32B) | (5.22B) | (5.17B) | (5.17B) |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SBAC News
Americans Cannot Stop Using Their Phones. These 3 REITs Collect the Rent
SBA Communications (NASDAQ:SBAC) Sets New 12-Month Low – Time to Sell?
Forum Markets Announces Joint Venture with Edge Node AI to Deploy Inference AI Compute Across the U.S. at Existing Powered Data Sites and Mobile Communications Towers
Is It Wise to Retain SBA Communications Stock in Your Portfolio Now?
SBA Communications Eyes 6G Leasing Rebound, Edge Data Centers and Buybacks
SBA Communications Corporation (SBAC) Presents at RBC Capital Markets 2026 Global Communications and Infrastructure Conference Transcript
SBA Communications: The Turnaround Setup Is Getting More Interesting
SBA Communications Corporation to Speak at RBC Capital Markets 2026 Global Communications and Infrastructure Conference
Everyone Is Avoiding These REITs: That's The Opportunity
SBA Communications Corporation (SBAC) Presents at Bank of America 2026 Media,Communications & Entertainment Conference Transcript