Stock · SBAC · Real Estate
United States · Large Cap · listed since 1999 · Revenue 12 mo. $2.9B
Price as of 11/06/2026
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications.
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2025, we owned 46,328 towers, a substantial portion of which were built by us or by other tower owners or operators who, like us, build towers to lease space to multiple wireless service providers. As of December 31, 2025, each of our towers had an average of 1.8 tenants. SBA Communications Corporation was established in 1989 and was incorporated in Florida.
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Summary
50.9 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €957.1M (2025), it supports €10.6B. The remaining €7.6B of the market value assume it grows 7.6% a year for 10 years and not at all afterwards.
Required FCF growth per year
7.6%
no growth afterwards
Price to operating cash flow 15.7×, below its usual range.
Middle half of 20 quarters: 15.9× to 23.9×, median 17.8×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
No indication in the stored figures.
with respect to the priced-in expectation
No anomaly in the stored figures.
Since the last quarter
Q1 → Q2 2026
6 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, FCF margin, Net debt, Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | −20.90% | 7.47% | Rank 3 |
| Return on capital (Greenblatt) | 35.44% | 30.55% | Rank 54 |
| EBIT margin | 48.67% | 45.85% | Rank 54 |
| FCF margin | 37.88% | 37.62% | Rank 53 |
| Gross margin | 41.61% | 55.39% | Rank 38 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 5.06% | 6.62% | Rank 44 |
| Earnings growth, 3 years per year | 32.43% | 3.56% | Rank 88 |
| Earnings growth, 5 years per year | 115.17% | 4.17% | Rank 99 |
| Sustainable growth (ROE × retained earnings) | 7.99% | 2.49% | Rank 65 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 5.17% | 5.58% | Rank 44 |
| FCF yield | 5.24% | 4.79% | Rank 56 |
| EV/saleslower is better | 12.51 | 12.03 | Rank 43 |
| EV/EBITlower is better | 25.71 | 23.23 | Rank 44 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −12.34% | −13.68% | Rank 54 |
| Share price, 6 months | −12.69% | −6.91% | Rank 28 |
| Share price, 3 months | 8.06% | 0.34% | Rank 82 |
| Distance from 52-week high | −15.34% | −18.73% | Rank 61 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 3.17% | 3.12% | Rank 48 |
| Change in share countlower is better | −0.51% | 0.26% | Rank 82 |
| Dividend streak in years | 6 | 4 | Rank 75 |
| Price reaction to results, market-adjusted | 3.01% | −0.47% | Rank 89 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | −41.93% | 46.36% | Rank 1 |
| Net debt/EBITDAlower is better | 7.43 | 6.62 | Rank 37 |
| Debt to equitylower is betterdoes not count towards the rank | −3.24 | 0.92 | |
| Volatility, 1 yearlower is better | 36.05% | 25.05% | Rank 9 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 1.6 | 23.7% | $589.0M | 125M | 8.6 |
| 2017 | 1.7 | 26.5% | $671.4M | 121M | 9.2 |
| 2018 | 1.9 | 29.2% | $702.3M | 117M | 9.8 |
| 2019 | 2.0 | 29.0% | $830.7M | 115M | 12.8 |
| 2020 | 2.1 | 30.4% | $997.5M | 113M | 13.1 |
| 2021 | 2.3 | 33.9% | $1.1B | 111M | 14.2 |
| 2022 | 2.6 | 35.1% | $1.1B | 109M | 15.0 |
| 2023 | 2.7 | 34.1% | $1.3B | 109M | 14.3 |
| 2024 | 2.7 | 53.6% | $1.1B | 108M | 15.6 |
| 2025 | 2.8 | 48.7% | $1.1B | 108M | 14.9 |
4 of 7 StockScorer Score rules met · How the score is built
SBA Communications Corp mainly meets criteria in the Valuation category. Result from 18 strategies checked.
This is how the StockScorer Score strategy, the flagship rule set, calculates the points for SBA Communications Corp. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
4 of 7 rules met
7 of 11 points
The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for SBA Communications Corp.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 19.3 | 16.4 |
| P/B ratio | −4.0 | 1.0 |
| Return on equity (ROE) | −20.9% | 7.5% |
| Equity ratio | −41.9% | 46.4% |
| Debt-to-equity (D/E) | −3.24 | 0.92 |
| Dividend yield | 2.6% | 4.2% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| SBAC | SBA Communications Corpthis page | |
| LAMR | Lamar Advertising Company | locked |
| WY | Weyerhaeuser Company | Low0.0 |
| GLPI | Gaming & Leisure Properties | locked |
| IRM | Iron Mountain Incorporated | locked |
| CCI | Crown Castle | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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