SBAC
SBA Communications Corporation
$187.10
-2.93
(-1.54%)
Mkt Cap
19.77B
Volume
1,062,957
52W Range
162.41-243.16
Sector
Real Estate
Beta
1.00
EPS (TTM)
9.54
P/E Ratio
19.54
Revenue (TTM)
2.85B
Rev Growth (5Y)
+6.2%
EPS Growth (5Y)
+113.8%
AlphaVal · Fair Value
What we estimate one share is worth
$424.35
Undervalued
strong signal
56.1% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C-
Real Estate Investment Trust
49.7 / 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 | 0.22 | 1.30 | 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 | 8.69 | 7.23 | 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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 703.44M | 719.58M | 732.33M | 698.98M | 664.25M | 693.70M | 667.60M | 660.48M | 657.86M | 675.02M | 682.54M | 678.50M |
| Net Income | 184.83M | 370.29M | 236.82M | 225.79M | 220.73M | 173.63M | 258.53M | 162.83M | 154.54M | 109.53M | 87.42M | 203.65M |
| EPS | 1.75 | 3.48 | 2.21 | 2.10 | 2.05 | 1.61 | 2.41 | 1.52 | 1.43 | 1.01 | 0.81 | 1.88 |
| Free Cash Flow | 206.69M | 241.30M | 257.98M | 312.23M | 255.00M | 254.62M | 239.90M | 375.62M | 236.58M | 332.78M | 252.29M | 423.49M |
| FCF / Share | 1.95 | 2.27 | 2.40 | 2.89 | 2.36 | 2.36 | 2.23 | 3.48 | 2.17 | 3.07 | 2.31 | 3.89 |
| Operating CF | 255.09M | 304.02M | 318.03M | 368.10M | 301.18M | 310.17M | 304.65M | 425.59M | 294.45M | 432.61M | 313.68M | 486.93M |
| Total Assets | 11.72B | 11.58B | 11.26B | 10.77B | 10.44B | 11.42B | 10.20B | 9.79B | 10.00B | 10.18B | 10.33B | 10.60B |
| Total Debt | 15.42B | 15.32B | 15.02B | 14.81B | 14.64B | 15.76B | 14.52B | 14.30B | 14.43B | 14.46B | 14.77B | 14.89B |
| Cash & Equiv | 327.84M | 432.37M | 430.31M | 275.27M | 636.45M | 189.84M | 186.34M | 220.51M | 240.31M | 208.55M | 190.54M | 179.17M |
| Book Value | (4.75B) | (4.85B) | (4.93B) | (4.94B) | (4.97B) | (5.11B) | (5.17B) | (5.32B) | (5.22B) | (5.17B) | (5.17B) | (5.09B) |
| 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
This High-Dividend Real Estate ETF Holds Some Bargains
SBAC Stock Rises 14.8% in Three Months: Will the Trend Last?
SBA Communications: Churn And Refinancing Pressures Are Already Priced In
SBA Communications vs. Crown Castle: Which Real Estate Stock Is a Better Buy in 2026?
SBA Communications (SBAC) Down 7.5% Since Last Earnings Report: Can It Rebound?
5 Strong Buy Passive Income Giants Have Raised Their Dividends by Double Digits for Years
SBA Communications Corporation (SBAC) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
The REIT Repricing Cycle Is Nearing A Turning Point
Five Dividend Growers Trading at Double-Digit Discounts Despite Strong Fundamentals
SBA Communications Corporation to Speak at the JP Morgan 2026 Global Technology, Media and Communications Conference