Sba Communications Corp (SBAC)
Real Estate · Telecom Tower REITs · US stock · S&P 500 component
$187.06
▲ +3.34 (1.82%)
Day's range
$181.53 – $188.19
52-week range
$156.60 – $221.58
Red flags⚠ Negative equity
About Sba Communications Corp
SBA Communications owns and operates wireless communications towers and related infrastructure, mainly in the United States and in international markets such as Latin America. It leases space on towers to wireless carriers, which install antennas and equipment on the structures. Revenue comes mostly from long-term lease agreements with carriers, many with scheduled rent escalators, and it can grow when carriers add equipment or new tenants join the sites.
Over the last twelve months Sba Communications Corp reported revenue of $2.9 billion, which expanded at 2.2% a year across three years. Its operating margin is 47.6% and its return on invested capital is 15%. Leverage, measured as net debt to EBITDA, is 7.3 times. Shareholders receive a dividend, yielding 2.6%. The X-Ray Score is 56 out of 100, a summary of these measures.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $156.60 – $221.58Volume 978,100Daily, split-adjusted
Vitals
Market cap$19.9B
52-week range$156.60 – $221.58
Volume (last day)978,100
P/E (TTM)20.2
EBIT / EV yield4.2%
Free-cash-flow yield5.2%
Dividend yield2.6%
Revenue (TTM)$2.9B
Net income (TTM)$991M
Operating margin47.6%
Return on capital14.7%
Debt incl. leases$12.7B
Cash & securities$356M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Valuation
Strong
71/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.2%
Free-cash-flow yield5.2%
Growth
Weak
39/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)2.2%
EPS growth (3y)32.4%
Growth consistency70%
Profitability
Fair
63/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital14.7%
Operating margin47.6%
Gross profitability18.4%
Financial health
Weak
42/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA7.3×
Interest coverNo interest cost
Dividends
Fair
63/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.6%
Dividends vs free cash flow50%
Dividend growth16.0%
Quarterly results: last 6 quarters
+1.0%
Mar '25
+5.8%
Jun '25
+9.7%
Sep '25
+3.7%
Dec '25
+5.9%
Mar '26
+2.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $715M, diluted EPS $1.87.
Compare with peers
CCI Crown Castle Inc.50 AMT American Tower Corp49Other Telecom Tower REITs companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 2 Average · ● 6 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverGood
Valuation
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 53/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.6B | $2.7B | $2.7B | $2.8B |
| Operating income | $782M | $925M | $924M | $1.4B | $1.3B |
| Net income | $238M | $461M | $502M | $750M | $1.1B |
| Operating cash flow | $1.2B | $1.3B | $1.5B | $1.3B | $1.3B |
| Operating margin | 33.9% | 35.1% | 34.1% | 53.6% | 47.7% |
| Free cash flow | $1.1B | $1.1B | $1.3B | $1.1B | $1.1B |
| Diluted EPS | $2.14 | $4.22 | $4.61 | $6.94 | $9.80 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 177.2 | Bullish |
| EMA 10 | 178.8 | Bullish |
| SMA 20 | 171.5 | Bullish |
| EMA 20 | 176.3 | Bullish |
| SMA 50 | 179.2 | Bullish |
| EMA 50 | 178.2 | Bullish |
| SMA 100 | 183.2 | Bullish |
| EMA 100 | 182.4 | Bullish |
| SMA 200 | 188.6 | Bearish |
| EMA 200 | 187.6 | Bearish |
Oscillators (daily)
| RSI (14) | 64.27 | Neutral |
| MACD (12, 26) | 1.48 | Bullish |
| Momentum (12) | 16.82 | Bullish |
| Stochastic %K (14) | 96.42 | Bearish |
| Williams %R (14) | -3.58 | Bearish |
| CCI (20) | 118.6 | Bearish |
Pivot points (classic, last session)
S3 176.3 | S2 178.9 | S1 183.0 | Pivot 185.6 | R1 189.7 | R2 192.3 | R3 196.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.86 USD
Yield on today's price
2.60%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 20 Aug 2026 | 1.2500 |
| 22 May 2026 | 1.2500 |
| 13 Mar 2026 | 1.2500 |
| 13 Nov 2025 | 1.1100 |
| 21 Aug 2025 | 1.1100 |
| 22 May 2025 | 1.1100 |
| 13 Mar 2025 | 1.1100 |
| 14 Nov 2024 | 0.9800 |
| 22 Aug 2024 | 0.9800 |
| 22 May 2024 | 0.9800 |
| 13 Mar 2024 | 0.9800 |
| 15 Nov 2023 | 0.8500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
SBAC SEC filings
25 Sep 2026
8-KSEC EDGAR
Current report
6 Aug 2026
10-QSEC EDGAR
Quarterly report
3 Aug 2026
8-KSEC EDGAR
Results of operations
24 Jul 2026
8-KSEC EDGAR
Entered a material agreement
23 Jul 2026
8-KSEC EDGAR
Other events
15 Jul 2026
8-KSEC EDGAR
Entered a material agreement
13 Jul 2026
424B5SEC EDGAR
424B5
22 May 2026
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.