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Nasdaq · CIK 0001034054 · REAL ESTATE INVESTMENT TRUSTS

SBA COMMUNICATIONS CORPORATION

SBAC chart by TradingView
P/E 18.9xP/B P/SALES 6.5xEV/EBITDA 18.5xFCF YIELD 5.60%

PRICE HISTORY

LIVE · NASDAQ
SBAC chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$2.8B
EBITDA
$1.6B
FREE CASH FLOW
$1.1B
EPS
$9.80
GROSS MARGIN
75.46%
ROIC
13.54%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

18.9x
-86%
LATEST · Q2 FY26
18.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
17.9x1330.9x

P / SALES (TTM)

6.5x
-24%
LATEST · Q2 FY26
6.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
6.4x18.8x

P / BOOK

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EV / EBITDA (TTM)

18.5x
-19%
LATEST · Q2 FY26
18.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
18.5x37.3x

EV / REVENUE (TTM)

10.9x
-23%
LATEST · Q2 FY26
10.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
10.8x24.0x

FCF YIELD (TTM)

5.60%
+1.6pp
LATEST · Q2 FY26
5.60%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.43%5.84%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.7B
+74%
LATEST · Q2 FY26
0.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$0.4B
+61%
LATEST · Q2 FY26
0.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.2B
+$0.2B
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$1.87
+$1.99
LATEST · Q2 FY26
1.87Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

2.33%
+2.2pp
LATEST · Q2 FY26
2.33%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-2.66%15.26%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

48.20%
+14.4pp
LATEST · Q2 FY26
48.20%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
29.38%62.41%

RETURN ON CAPITAL

12.75%
+11.3pp
LATEST · Q2 FY26
12.75%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-0.25%13.54%

RETURN ON EQUITY (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN75.39%
OPERATING MARGIN49.19%
NET MARGIN27.79%
FCF MARGIN48.20%
89.3858.3027.23-3.85-34.93GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.3B
+148%
LATEST · Q2 FY26
0.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+232%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.1B
+85%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.11B
-15%
LATEST · Q2 FY26
0.11BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.3B
+98%
LATEST · Q2 FY26
0.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$12.7B
+41%
LATEST · Q2 FY26
12.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

7.5x
-16%
LATEST · Q2 FY26
7.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.3x9.0x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 102.06%INSIDERS 0.77%OTHER / RETAIL 0.00%1,013 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Dodge & Cox Inc.11.39%12.1M$2.22B+0.7%
Blackrock Inc.9.54%10.1M$1.86B+2.2%
Vanguard Portfolio Management LLC9.15%9.7M$1.79BNEW
Vanguard Capital Management LLC6.53%6.9M$1.27BNEW
State Street Corporation4.68%5.0M$913.1M+1.0%
JPMORGAN CHASE & CO3.69%3.9M$720.1M-13.5%
Geode Capital Management, LLC2.97%3.1M$579.6M+2.1%
Cohen & Steers Inc.2.95%3.1M$576.6M-9.2%
Invesco Ltd.1.85%2.0M$361.4M+8.2%
Arrowstreet Capital, Limited Partnership1.52%1.6M$297.2M+47.8%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.