S&P 500 7,500.58 ▲ 80.48 (+1.08%) DOW 51,564.70 ▲ 72.10 (+0.14%) NASDAQ 26,517.93 ▲ 496.23 (+1.91%) US Markets Closed â€ĸ 04:03 AM ET

SBAC

SBA Communications Corporation

Price Chart
Latest Quote

$186.87

-4.70 (-2.45%)
Current Price
Previous Close $191.57
Open $191.95
Day High $192.29
Day Low $186.35
Volume 1,819,291
Fetched: 2026-06-22T08:03:24
Stock Information
Quarterly Dividend / Yield $5.00 / 2.68%
Shares Outstanding 106.06M
Quarterly Dividend Yield 2.68%
Quarterly Dividend $5.00
Total Debt $15.42B
Cash Equivalents $269.06M
Revenue $2.85B
Net Income $1.02B
Sector Real Estate
Industry REIT - Specialty
Market Cap $19.82B
P/E Ratio 19.69
EPS (TTM) $9.49
Exchange NMS
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📊 Comprehensive Analysis
Company Data
Enterprise Value$35.06B
Sales$2.85B
Income$1.02B
Book/sh$-44.80
Cash/sh$2.54
Employees2K
Financial Ratios
Quick Ratio0.14
Current Ratio0.20
EPS Growth TTM-16.30%
Returns & Margins
ROA8.57%
Gross Margin74.19%
Operating Margin52.42%
Profit Margin35.66%
Ownership
Insider Ownership0.77%
Institutional Ownership100.70%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E23.06
PEG7.76
P/S6.94
P/B-4.17
Analyst Data
Recommendationbuy
Target Price$235.10
Technical Indicators
SMA20$201.27
SMA50$208.95
SMA200$193.96
RSI36.06
ATR7.0286
Shares Float105.27M
Short Float3.18%
Short Ratio2.92
Volatility0.98
Rel Volume1.86
Performance History
Week-8.24%
Month-9.40%
Quarter+3.14%
6 Months-0.37%
YTD-1.66%
Year-16.30%
3 Years-13.62%
5 Years-36.30%
10 Years+100.75%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $186.87 1,819,300
2026-06-17 $191.57 917,900
2026-06-16 $195.73 706,400
2026-06-15 $195.82 2,653,700
2026-06-12 $204.79 550,000
2026-06-11 $203.65 723,200
2026-06-10 $207.33 823,200
2026-06-09 $204.78 816,200
2026-06-08 $200.10 935,300
2026-06-05 $208.02 682,600
2026-06-04 $207.85 791,700
2026-06-03 $196.58 1,473,600
2026-06-02 $196.21 890,500
2026-06-01 $204.05 950,100
2026-05-29 $203.16 1,415,000
2026-05-28 $204.62 997,800
2026-05-27 $200.20 707,000
2026-05-26 $201.73 651,600
2026-05-22 $205.57 632,100
2026-05-21 $206.82 441,700
2026-05-20 $206.49 561,400
2026-05-19 $206.26 684,300
About SBA Communications Corporation

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. SBA Communications Corporation was incorporated in 1989 and is based in Boca Raton, Florida.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $690,972,000 $581,727,000 $612,622,000 $668,650,000
Cost Of Revenue $690,972,000 $581,727,000 $612,622,000 $668,650,000
Total Revenue $2,815,139,000 $2,679,634,000 $2,711,584,000 $2,633,454,000
Operating Revenue $2,815,139,000 $2,679,634,000 $2,711,584,000 $2,633,454,000
Expenses
Interest Expense $476,767,000 $427,439,000 $436,241,000 $399,893,000
Total Expenses $1,260,868,000 $1,110,000,000 $1,596,867,000 $1,638,079,000
Other Income Expense $154,724,000 $-390,226,000 $-128,005,000 $-59,937,000
Other Non Operating Income Expenses $366,209,000 $-250,415,000 $63,053,000 $10,467,000
Net Non Operating Interest Income Expense $-466,957,000 $-406,742,000 $-438,209,000 $-409,595,000
Total Other Finance Cost $21,866,000 $21,265,000 $20,273,000 $19,835,000
Interest Expense Non Operating $476,767,000 $427,439,000 $436,241,000 $399,893,000
Operating Expense $569,896,000 $528,273,000 $984,245,000 $969,429,000
Other Operating Expenses - - - -
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $1,053,632,000 $749,536,000 $501,812,000 $461,429,000
Net Interest Income $-466,957,000 $-406,742,000 $-438,209,000 $-409,595,000
Interest Income $31,676,000 $41,962,000 $18,305,000 $10,133,000
Normalized Income $1,233,182,765 $885,006,281 $675,074,708 $522,990,509
Net Income From Continuing And Discontinued Operation $1,053,632,000 $749,536,000 $501,812,000 $461,429,000
Total Operating Income As Reported $1,342,786,000 $1,435,763,000 $923,659,000 $925,408,000
Net Income Common Stockholders $1,053,632,000 $749,536,000 $501,812,000 $461,429,000
Net Income $1,053,632,000 $749,536,000 $501,812,000 $461,429,000
Net Income Including Noncontrolling Interests $1,054,456,000 $748,677,000 $497,415,000 $459,799,000
Net Income Continuous Operations $1,054,456,000 $748,677,000 $497,415,000 $459,799,000
Pretax Income $1,242,038,000 $772,666,000 $548,503,000 $525,843,000
Interest Income Non Operating $31,676,000 $41,962,000 $18,305,000 $10,133,000
Operating Income $1,554,271,000 $1,569,634,000 $1,114,717,000 $995,375,000
Depreciation Amortization Depletion Income Statement $292,285,000 $269,517,000 $716,309,000 $707,576,000
Depreciation And Amortization In Income Statement $292,285,000 $269,517,000 $716,309,000 $707,576,000
Gross Profit $2,124,167,000 $2,097,907,000 $2,098,962,000 $1,964,804,000
Per Share
Diluted EPS $9.80 $6.94 $4.61 $4.22
Basic EPS $9.83 $6.96 $4.64 $4.27
Other
Tax Effect Of Unusual Items $-31,934,235 $-4,340,719 $-17,795,292 $-8,842,491
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $2,222,575,000 $1,609,433,000 $1,892,111,000 $1,703,716,000
Total Unusual Items $-211,485,000 $-139,811,000 $-191,058,000 $-70,404,000
Total Unusual Items Excluding Goodwill $-211,485,000 $-139,811,000 $-191,058,000 $-70,404,000
Reconciled Depreciation $292,285,000 $269,517,000 $716,309,000 $707,576,000
EBITDA (Bullshit earnings) $2,011,090,000 $1,469,622,000 $1,701,053,000 $1,633,312,000
EBIT $1,718,805,000 $1,200,105,000 $984,744,000 $925,736,000
Diluted Average Shares $107,533,000 $108,080,000 $108,907,000 $109,386,000
Basic Average Shares $107,207,000 $107,644,000 $108,204,000 $107,957,000
Diluted NI Availto Com Stockholders $1,053,632,000 $749,536,000 $501,812,000 $461,429,000
Minority Interests $-824,000 $859,000 $4,397,000 $1,630,000
Tax Provision $187,582,000 $23,989,000 $51,088,000 $66,044,000
Write Off $8,592,000 $18,625,000 $17,906,000 $331,000
Impairment Of Capital Assets $175,573,000 $89,300,000 $151,481,000 $42,829,000
Restructuring And Mergern Acquisition $27,320,000 $25,946,000 $21,671,000 $26,807,000
Selling General And Administration $277,611,000 $258,756,000 $267,936,000 $261,853,000
Other Special Charges - $5,940,000 - $437,000
Fetched: 2026-06-18
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $-7,735,636,000 $-7,498,645,000 $-7,626,479,000 $-8,052,787,000
Total Assets $11,575,012,000 $11,417,336,000 $10,178,441,000 $10,585,041,000
Total Non Current Assets $10,801,581,000 $9,438,616,000 $9,694,174,000 $10,102,308,000
Other Non Current Assets $150,524,000 $46,021,000 $43,872,000 $46,337,000
Non Current Deferred Assets $45,683,000 $62,810,000 $76,186,000 $23,920,000
Non Current Deferred Taxes Assets $35,716,000 $53,974,000 $67,473,000 $16,173,000
Non Current Note Receivables $3,661,000 $59,326,000 $148,104,000 $39,922,000
Non Current Accounts Receivable $424,627,000 $417,572,000 $415,100,000 $388,638,000
Financial Assets $6,445,000 $50,589,000 $104,674,000 $182,860,000
Goodwill And Other Intangible Assets $2,882,117,000 $2,388,707,000 $2,455,597,000 $2,776,472,000
Other Intangible Assets $2,882,117,000 $2,388,707,000 $2,455,597,000 $2,776,472,000
Current Assets $773,431,000 $1,978,720,000 $484,267,000 $482,733,000
Other Current Assets $34,698,000 $22,757,000 $16,599,000 $13,450,000
Restricted Cash $167,804,000 $1,206,653,000 $38,129,000 $41,959,000
Prepaid Assets $35,915,000 $20,402,000 $17,820,000 $17,839,000
Receivables $263,798,000 $284,533,000 $202,126,000 $264,446,000
Other Receivables $28,152,000 $19,198,000 $16,252,000 $79,549,000
Accrued Interest Receivable $611,000 $4,359,000 $2,102,000 $529,000
Loans Receivable $63,779,000 $115,281,000 $1,026,000 -
Accounts Receivable $171,256,000 $145,695,000 $182,746,000 $184,368,000
Allowance For Doubtful Accounts Receivable $-18,784,000 $-14,687,000 $-12,838,000 $-9,166,000
Gross Accounts Receivable $190,040,000 $160,382,000 $195,584,000 $193,534,000
Cash Cash Equivalents And Short Term Investments $271,216,000 $444,375,000 $209,593,000 $145,039,000
Cash And Cash Equivalents $264,568,000 $189,841,000 $208,547,000 $143,708,000
Debt
Net Debt $12,635,700,000 $13,401,897,000 $12,115,768,000 $12,724,454,000
Total Debt $15,319,130,000 $15,756,194,000 $14,463,465,000 $15,171,155,000
Long Term Debt And Capital Lease Obligation $13,083,724,000 $14,307,264,000 $13,546,856,000 $14,884,790,000
Long Term Debt $10,964,466,000 $12,403,825,000 $11,681,170,000 $12,844,162,000
Current Debt And Capital Lease Obligation $2,235,406,000 $1,448,930,000 $916,609,000 $286,365,000
Current Debt $1,935,802,000 $1,187,913,000 $643,145,000 $24,000,000
Other Current Borrowings $1,935,802,000 $1,187,913,000 $643,145,000 $24,000,000
Liabilities
Total Liabilities Net Minority Interest $16,350,269,000 $16,473,142,000 $15,314,276,000 $15,829,621,000
Total Non Current Liabilities Net Minority Interest $13,671,968,000 $14,675,206,000 $13,951,017,000 $15,132,857,000
Other Non Current Liabilities $588,244,000 $367,942,000 $404,161,000 $248,067,000
Current Liabilities $2,678,301,000 $1,797,936,000 $1,363,259,000 $696,764,000
Other Current Liabilities $94,014,000 $17,933,000 $18,662,000 $12,930,000
Current Deferred Liabilities $117,309,000 $127,308,000 $235,668,000 $179,744,000
Payables And Accrued Expenses $231,572,000 $203,765,000 $192,320,000 $217,725,000
Interest Payable $65,036,000 $62,239,000 $57,496,000 $54,173,000
Payables $80,630,000 $66,753,000 $49,351,000 $70,490,000
Total Tax Payable $7,596,000 $7,204,000 $7,149,000 $19,063,000
Accounts Payable $73,034,000 $59,549,000 $42,202,000 $51,427,000
Equity
Common Stock Equity $-4,853,519,000 $-5,109,938,000 $-5,170,882,000 $-5,276,315,000
Total Equity Gross Minority Interest $-4,775,257,000 $-5,055,806,000 $-5,135,835,000 $-5,244,580,000
Stockholders Equity $-4,853,519,000 $-5,109,938,000 $-5,170,882,000 $-5,276,315,000
Gains Losses Not Affecting Retained Earnings $-664,098,000 $-760,280,000 $-615,198,000 $-590,510,000
Other Equity Adjustments $-664,098,000 $-760,280,000 $-615,198,000 $-590,510,000
Retained Earnings $-7,249,905,000 $-7,326,189,000 $-7,450,824,000 $-7,482,061,000
Preferred Securities Outside Stock Equity - - - -
Other
Ordinary Shares Number $105,666,000 $107,561,000 $108,050,000 $107,997,000
Share Issued $105,666,000 $107,561,000 $108,050,000 $107,997,000
Tangible Book Value $-7,735,636,000 $-7,498,645,000 $-7,626,479,000 $-8,052,787,000
Invested Capital $8,046,749,000 $8,481,800,000 $7,153,433,000 $7,591,847,000
Working Capital $-1,904,870,000 $180,784,000 $-878,992,000 $-214,031,000
Capital Lease Obligations $2,418,862,000 $2,164,456,000 $2,139,150,000 $2,302,993,000
Total Capitalization $6,110,947,000 $7,293,887,000 $6,510,288,000 $7,567,847,000
Minority Interest $78,262,000 $54,132,000 $35,047,000 $31,735,000
Additional Paid In Capital $3,059,427,000 $2,975,455,000 $2,894,060,000 $2,795,176,000
Capital Stock $1,057,000 $1,076,000 $1,080,000 $1,080,000
Common Stock $1,057,000 $1,076,000 $1,080,000 $1,080,000
Preferred Stock $0 $0 $0 $0
Long Term Capital Lease Obligation $2,119,258,000 $1,903,439,000 $1,865,686,000 $2,040,628,000
Current Deferred Revenue $117,309,000 $127,308,000 $235,668,000 $179,744,000
Current Capital Lease Obligation $299,604,000 $261,017,000 $273,464,000 $262,365,000
Current Accrued Expenses $150,942,000 $137,012,000 $142,969,000 $147,235,000
Investments And Advances $21,053,000 $20,779,000 $24,540,000 $40,696,000
Net PPE $7,267,471,000 $6,392,812,000 $6,426,101,000 $6,603,463,000
Accumulated Depreciation $-4,360,762,000 $-4,280,092,000 $-4,247,782,000 $-3,971,435,000
Gross PPE $11,628,233,000 $10,672,904,000 $10,673,883,000 $10,574,898,000
Construction In Progress $72,794,000 $72,202,000 $105,627,000 $77,564,000
Other Properties $10,472,436,000 $9,502,820,000 $9,550,867,000 $9,540,638,000
Machinery Furniture Equipment $97,984,000 $84,629,000 $76,031,000 $67,403,000
Properties $985,019,000 $1,013,253,000 $941,358,000 $889,293,000
Other Short Term Investments $6,648,000 $254,534,000 $1,046,000 $1,331,000
Fetched: 2026-06-18
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $1,066,509,000 $1,106,717,000 $1,307,695,000 $1,071,257,000
Operating Activities
Operating Cash Flow $1,291,328,000 $1,334,866,000 $1,544,393,000 $1,285,700,000
Cash Flow From Continuing Operating Activities $1,291,328,000 $1,334,866,000 $1,544,393,000 $1,285,700,000
Operating Gains Losses $-208,399,000 $6,650,000 $7,617,000 $437,000
Investing Activities
Capital Expenditure $-224,819,000 $-228,149,000 $-236,698,000 $-214,443,000
Investing Cash Flow $-601,829,000 $-809,310,000 $-468,246,000 $-1,393,654,000
Cash Flow From Continuing Investing Activities $-601,829,000 $-809,310,000 $-468,246,000 $-1,393,654,000
Net Other Investing Changes $443,868,000 $-17,417,000 $-100,915,000 $524,000
Capital Expenditure Reported $-224,819,000 $-228,149,000 $-236,698,000 $-214,443,000
Financing Activities
Repurchase Of Capital Stock $-497,805,000 $-200,019,000 $-100,010,000 $-431,666,000
Financing Cash Flow $-1,663,575,000 $645,742,000 $-1,017,218,000 $-135,474,000
Cash Flow From Continuing Financing Activities $-1,663,575,000 $645,742,000 $-1,017,218,000 $-135,474,000
Net Other Financing Charges $-29,312,000 $-6,222,000 $-27,444,000 $18,770,000
Cash Dividends Paid $-479,012,000 $-424,191,000 $-369,960,000 $-306,766,000
Common Stock Dividend Paid $-479,012,000 $-424,191,000 $-369,960,000 $-306,766,000
Net Common Stock Issuance $-497,805,000 $-200,019,000 $-100,010,000 $-431,666,000
Other
Repayment Of Debt $-1,408,000,000 $-3,462,513,000 $-754,000,000 $-1,269,000,000
Issuance Of Debt $695,000,000 $4,702,701,000 $190,000,000 $1,814,885,000
Interest Paid Supplemental Data $467,404,000 $395,112,000 $396,593,000 $347,659,000
Income Tax Paid Supplemental Data $52,775,000 $42,415,000 $25,581,000 $32,320,000
End Cash Position $437,021,000 $1,400,657,000 $250,946,000 $189,283,000
Beginning Cash Position $1,400,657,000 $250,946,000 $189,283,000 $435,626,000
Effect Of Exchange Rate Changes $10,440,000 $-21,587,000 $2,734,000 $-2,915,000
Changes In Cash $-974,076,000 $1,171,298,000 $58,929,000 $-243,428,000
Proceeds From Stock Option Exercised $55,554,000 $35,986,000 $44,196,000 $38,303,000
Common Stock Payments $-497,805,000 $-200,019,000 $-100,010,000 $-431,666,000
Net Issuance Payments Of Debt $-713,000,000 $1,240,188,000 $-564,000,000 $545,885,000
Net Long Term Debt Issuance $-713,000,000 $1,240,188,000 $-564,000,000 $545,885,000
Long Term Debt Payments $-1,408,000,000 $-3,462,513,000 $-754,000,000 $-1,269,000,000
Long Term Debt Issuance $695,000,000 $4,702,701,000 $190,000,000 $1,814,885,000
Net Investment Purchase And Sale $237,950,000 $-263,933,000 $-672,000 $-3,643,000
Sale Of Investment $1,404,262,000 $1,536,750,000 $1,338,354,000 $878,138,000
Purchase Of Investment $-1,166,312,000 $-1,800,683,000 $-1,339,026,000 $-881,781,000
Net Business Purchase And Sale $-1,058,828,000 $-299,811,000 $-129,961,000 $-1,176,092,000
Purchase Of Business $-1,058,828,000 $-299,811,000 $-129,961,000 $-1,176,092,000
Change In Working Capital $-179,626,000 $-143,056,000 $64,470,000 $-113,120,000
Change In Other Current Liabilities $-162,368,000 $-264,465,000 $-19,208,000 $-162,614,000
Change In Other Current Assets $129,935,000 $127,182,000 $141,114,000 $135,473,000
Change In Payables And Accrued Expense $-17,516,000 $-4,402,000 $-66,324,000 $25,118,000
Change In Prepaid Assets $-73,430,000 $-19,480,000 $-35,498,000 $-29,746,000
Change In Receivables $-56,247,000 $18,109,000 $44,386,000 $-81,351,000
Other Non Cash Items $-21,658,000 $300,512,000 $11,087,000 $55,391,000
Stock Based Compensation $75,734,000 $74,374,000 $87,919,000 $99,909,000
Asset Impairment Charge $174,085,000 $91,279,000 $154,947,000 $42,807,000
Deferred Tax $104,451,000 $-13,087,000 $4,629,000 $32,901,000
Deferred Income Tax $104,451,000 $-13,087,000 $4,629,000 $32,901,000
Depreciation Amortization Depletion $292,285,000 $269,517,000 $716,309,000 $707,576,000
Depreciation And Amortization $292,285,000 $269,517,000 $716,309,000 $707,576,000
Depreciation $292,285,000 $269,517,000 $716,309,000 $707,576,000
Net Income From Continuing Operations $1,054,456,000 $748,677,000 $497,415,000 $459,799,000
Net Short Term Debt Issuance - - - -
Short Term Debt Payments - - - -
Short Term Debt Issuance - - - -
Fetched: 2026-06-18