SBA Communications/$SBAC
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About SBA Communications
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
- Ticker
- $SBAC
- Sector
- Real Estate
- Primary listing
- NASDAQ
- Employees
- 1,844
- Headquarters
- Boca Raton, United States
- Website
- www.sbasite.com
SBAC Metrics
BasicAdvanced
$17B
17.43
$9.28
0.98
$4.86
3.09%
Price and volume
Market cap
$17B
Beta
0.98
52-week high
$224.46
52-week low
$156.60
Average daily volume
909K
Dividend rate
$4.86
Financial strength
Current ratio
0.172
Quick ratio
0.122
Long term debt to equity
-2.492
Total debt to equity
-3.347
Dividend payout ratio (TTM)
51.00%
Interest coverage (TTM)
2.89%
Profitability
EBITDA (TTM)
1,832.949
Gross margin (TTM)
74.20%
Net profit margin (TTM)
34.51%
Operating margin (TTM)
52.73%
Effective tax rate (TTM)
16.61%
Revenue per employee (TTM)
$1,560,000
Management effectiveness
Return on assets (TTM)
8.40%
Return on equity (TTM)
-21.07%
Valuation
Price to earnings (TTM)
17.428
Price to revenue (TTM)
5.996
Price to book
-3.71
Price to tangible book (TTM)
-2.29
Price to free cash flow (TTM)
16.381
Free cash flow yield (TTM)
6.10%
Free cash flow per share (TTM)
9.879
Dividend yield (TTM)
3.00%
Forward dividend yield
3.09%
Growth
Revenue change (TTM)
5.36%
Earnings per share change (TTM)
13.92%
3-year revenue growth (CAGR)
1.87%
10-year revenue growth (CAGR)
5.87%
3-year earnings per share growth (CAGR)
25.94%
10-year earnings per share growth (CAGR)
40.65%
3-year dividend per share growth (CAGR)
14.80%
What the Analysts think about SBAC
Analyst ratings (Buy, Hold, Sell) for SBA Communications stock.
Analyst projections of the future price of SBA Communications stock.
Bulls say / Bears say
Reuters reported that SBA raised its 2026 revenue and AFFO-per-share forecasts after stronger-than-expected leasing, with carriers continuing to upgrade sites and add network capacity. That points to resilient demand even in a quieter investment cycle. (Reuters)
International site-leasing revenue rose 30.5% year on year in the second quarter, helped by Millicom assets and local rent escalators; SBA also built 109 towers that quarter. Expansion outside its mature US market offers another source of growth. (The Motley Fool, Nasdaq)
Management says share repurchases currently offer an AFFO yield above 6.5%, compared with about 5.25% on recently issued debt. If the shares remain undervalued, buybacks could add more per-share value than paying down debt. (Investing.com)
Carrier spending is in a lull: management put US carrier capital spending below 15% of revenue, versus about 25% during the 2022–23 5G build-out, and expects lease-up of roughly $35 million this year versus $78 million in 2022. A stronger leasing cycle may not return until the next spectrum deployment window. (Investing.com)
Carrier consolidation is creating churn in both the US and Brazil. SBA expects about $56 million of DISH revenue to churn this year, while Brazil consolidation is also expected to weigh on results in 2026 and 2027. (Investing.com)
SBA had $12.8 billion of debt and net leverage of 6.4 times adjusted EBITDA at the end of the second quarter. Refinancing lower-cost debt at higher rates is expected to raise cash interest costs and pressure per-share funds from operations in the near term. (Nasdaq, StockAnalysis)
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2026.
SBAC Financial Performance
Revenues and expenses
SBAC Earnings Performance
Company profitability
Upcoming events
No upcoming events
SBAC News
AllArticlesVideos
SBA Communications Eyes 6G Leasing Rebound, Edge Data Centers and Buybacks
MarketBeat5 days ago
SBA Communications Corporation to Speak at Citi's 2026 Global TMT Conference and the BofA Securities 2026 Media, Communications and Entertainment Conference
Business Wire1 month ago
SBA Communications Corporation to Speak at the Goldman Sachs 2026 Communacopia + Technology Conference
Business Wire1 month ago
Funds containing SBAC
AllEURGBPUSD
Fund name | Fund size | $SBAC weighting |
|---|---|---|
iShares Global Infrastructure€INFR | €2.1B | 0.53% |
iShares S&P 500 Equal Weight€O4J0 | €4.3B | 0.17% |
iShares S&P 500 Equal Weight£EWSP | £3.7B | 0.17% |
Amundi MSCI World ESG Broad Transition€LWCR | €1.1B | 0.06% |
Invesco FTSE All-World€FWIA | €4B | 0.03% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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