YOLFTbeta
SBA Communications Corp

SBA Communications Corp

SBAC · NASDAQ · Real Estate / REIT - Specialty

189.35USD+2.78 (+1.49%)

Price History

Full chart

Market Stats

Previous Close186.57
Open187.31
Day Range186.52 – 189.77
52-Week Range160.33 – 221.58
Volume635.27K
Market Cap17.63B
P/E (TTM)17.92
Forward P/E19.38
EPS9.27
Dividend Yield3.01%
Beta0.98
50-Day Avg182.22
200-Day Avg192.15

About

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Specialty
  • CEOMr. Brendan Thomas Cavanagh CPA
  • Employees1.84K
  • Headquarters8051 Congress Avenue, Boca Raton, FL, United States, 33487-1307, USA
  • Websitehttps://www.sbasite.com

Leadership

  • Mr. Brendan Thomas Cavanagh CPACEO, President & Director · b. 1972
  • Mr. Steven E. Bernstein IIFounder & Independent Director · b. 1961
  • Mr. Marc R. MontagnerExecutive VP & CFO · b. 1962
  • Mr. Mark R. CiarfellaExecutive Vice President of Operations · b. 1966
  • Mr. Joshua M. KoenigExecutive Vice President, Chief Administrative Officer & General Counsel · b. 1980
  • Mr. Richard M. CaneExecutive VP & President ? International · b. 1965
  • Mr. Saul M. KrediVP & Chief Accounting Officer · b. 1969
  • Mr. Elvis T. ClemetsonSenior VP & Chief Information Officer · b. 1974
  • Ms. Michelle EisnerSenior VP & Chief Human Resources Officer · b. 1961
  • Mr. Neil H. SeidmanSenior Vice President of Mergers and Acquisitions · b. 1967

Financials

Income Statement

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue59.10M87.00M167.91M242.89M264.67M212.06M231.48M259.99M351.10M408.20M474.95M555.51M626.62M698.17M954.08M1.30B1.53B1.64B1.63B1.73B1.87B2.01B2.08B2.31B2.63B2.71B2.68B2.82B
Growth (%)-+47.21%+93.00%+44.66%+8.97%-19.88%+9.16%+12.32%+35.04%+16.26%+16.35%+16.96%+12.80%+11.42%+36.65%+36.77%+17.02%+7.30%-0.33%+5.79%+7.99%+7.98%+3.40%+10.83%+14.06%+2.97%-1.18%+5.06%
Cost of Revenue42.50M58.40M134.40M144.65M152.11M119.83M128.68M139.95M156.59M163.35M168.16M180.54M199.44M202.92M319.94M427.45M436.28M456.26M434.04M458.68M479.76M508.26M493.11M573.11M695.46M634.29M607.67M1.64B
Gross Profit16.60M28.60M33.51M98.24M112.56M92.23M102.80M120.04M194.52M244.85M306.79M374.97M427.18M495.25M634.14M877.41M1.09B1.18B1.20B1.27B1.39B1.51B1.59B1.74B1.94B2.08B2.07B1.17B
Gross Margin28.09%32.87%19.95%40.45%42.53%43.49%44.41%46.17%55.40%59.98%64.59%67.50%68.17%70.94%66.47%67.24%71.43%72.15%73.42%73.45%74.29%74.77%76.33%75.18%73.59%76.61%77.32%41.61%
Operating Expense39.90M57.90M62.63M146.21M215.49M135.09M126.68M115.84M175.01M214.80M261.21M320.02M352.90M384.59M480.62M647.77M754.19M869.75M811.78M810.49M841.77M922.90M956.33M953.23M1.01B1.15B636.20M-198.84M
Operating Income-23.30M-29.30M-29.12M-47.97M-102.93M-42.87M-23.88M4.20M19.51M30.05M45.58M54.95M74.27M110.66M153.53M229.65M336.52M312.46M387.31M458.50M544.17M583.49M633.69M782.50M925.41M923.66M1.44B1.37B
Operating Margin-39.42%-33.68%-17.35%-19.75%-38.89%-20.21%-10.32%1.61%5.56%7.36%9.60%9.89%11.85%15.85%16.09%17.60%22.04%19.07%23.72%26.54%29.17%28.96%30.42%33.89%35.14%34.06%53.58%48.67%
EBITDA-3.00M9.30M5.71M73.66M70.49M60.48M96.92M120.15M168.66M199.28M258.07M322.19M368.97M432.42M562.00M791.94M987.40M1.06B1.07B1.13B1.24B1.31B1.39B1.51B1.68B1.79B1.79B2.19B
EBITDA Margin-5.08%10.69%3.40%30.33%26.63%28.52%41.87%46.21%48.04%48.82%54.34%58.00%58.88%61.94%58.90%60.69%64.66%64.81%65.37%65.63%66.54%65.05%66.95%65.57%63.64%66.07%66.97%77.67%
Net Income-19.90M-34.50M-28.92M-125.14M-273.17M-172.17M-147.28M-94.71M-133.45M-77.88M-46.76M-140.87M-194.67M-126.46M-183.33M-55.91M-24.30M-175.66M76.24M103.65M47.45M146.99M24.10M237.62M461.43M501.81M749.54M1.05B
Net Income Margin-33.67%-39.66%-17.22%-51.52%-103.21%-81.19%-63.62%-36.43%-38.01%-19.08%-9.85%-25.36%-31.07%-18.11%-19.22%-4.28%-1.59%-10.72%4.67%6.00%2.54%7.30%1.16%10.29%17.52%18.51%27.97%37.43%
R&D------------0000000.050.070.030.090.010.110.20.2--
R&D as % of Total Revenue------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense00047.71M56.17M81.50M47.46M40.51M81.28M92.50M104.67M180.75M209.99M224.53M266.35M298.14M319.71M323.87M331.37M326.63M378.86M393.23M392.74M400.00M399.89M436.24M427.44M467.91M
Interest Expense % of Total Revenue0.00%0.00%0.00%19.64%21.22%38.43%20.50%15.58%23.15%22.66%22.04%32.54%33.51%32.16%27.92%22.85%20.94%19.77%20.29%18.91%20.31%19.52%18.85%17.32%15.19%16.09%15.95%16.62%

Balance Sheet

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets214.50M429.80M948.82M1.43B1.30B982.98M917.24M952.54M2.05B2.38B3.21B3.31B3.40B3.61B6.60B6.78B7.84B7.40B7.36B7.32B7.21B9.76B9.16B9.80B10.59B10.18B11.42B11.58B
Total Liabilities207.00M381.20M410.66M978.37M1.12B939.11M1.01B871.11M1.66B2.05B2.72B2.71B3.07B3.61B5.93B6.43B8.50B9.11B9.36B9.92B10.59B13.41B13.97B15.07B15.83B15.31B16.47B16.35B
Total Equity7.50M48.60M538.16M450.64M185.47M43.88M-88.67M81.43M385.92M337.39M491.76M599.03M330.13M-11.31M652.99M356.97M-660.80M-1.71B-2.00B-2.60B-3.38B-3.67B-4.82B-5.28B-5.28B-5.17B-5.11B-4.85B
Cash26.70M3.10M14.98M13.90M61.14M8.34M69.63M45.93M46.15M70.27M78.86M161.32M64.25M47.32M233.10M122.11M39.44M118.04M146.11M68.78M143.44M108.31M308.56M367.28M143.71M208.55M189.84M432.37M
Total Debt182.60M318.30M284.27M845.45M1.02B870.76M927.71M784.39M1.55B1.91B2.39B2.49B2.83B3.35B5.36B5.88B7.86B8.45B8.78B9.31B9.94B12.86B13.43B14.52B15.17B14.46B15.76B15.32B
Net Debt155.90M315.20M269.29M831.55M963.14M862.42M858.08M738.46M1.51B1.83B2.31B2.33B2.76B3.31B5.12B5.75B7.82B8.33B8.63B9.24B9.80B12.75B13.12B14.16B15.03B14.25B15.57B14.89B

Cash Flow

Currency: USD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.50M23.10M47.52M13.00M1.55M-29.81M14.22M49.77M75.96M122.93M173.70M222.56M201.16M249.06M343.21M496.81M684.66M737.17M729.03M819.61M852.14M984.89M1.13B1.19B1.32B1.54B1.33B1.29B
Investing Cash Flow-138.10M-208.90M-445.28M-530.27M-98.01M155.46M1.33M-99.28M-739.88M-301.88M-580.55M-229.07M-425.04M-507.89M-2.28B-825.75M-1.78B-734.52M-428.25M-606.24M-618.35M-947.16M-446.37M-1.42B-1.39B-468.25M-809.31M-601.83M
Financing Cash Flow151.30M162.10M409.61M516.20M143.69M-178.45M45.75M25.82M664.13M203.07M415.44M88.98M126.82M242.05M2.12B220.16M996.84M75.75M-802.62M-294.57M-148.54M-62.31M-469.02M339.26M-167.47M-1.02B645.74M-1.66B
Capital Expenditure138.10M208.90M445.28M530.27M103.38M15.14M7.21M19.65M28.97M27.77M36.17M46.74M66.62M126.94M113.27M168.09M211.25M208.71M139.98M148.18M149.81M154.24M128.57M133.64M214.44M236.70M228.15M224.82M
Free Cash Flow-130.60M-185.80M47.52M13.00M-101.83M-44.94M7.00M30.12M46.99M95.16M137.53M175.81M134.54M122.12M229.94M328.72M473.41M528.47M589.04M671.43M702.33M830.66M997.47M1.06B1.10B1.31B1.11B1.07B
Dividends Paid-----624.46M----1.06B1.33B1.23B742.56M000083.39M83.39M83.39M83.39M207.69M253.58M306.77M369.96M424.19M479.01M
FCF to OCF-1741.33%-804.33%100.00%100.00%-6552.45%150.78%49.25%60.52%61.86%77.41%79.18%79.00%66.88%49.03%67.00%66.17%69.14%71.69%80.80%81.92%82.42%84.34%88.58%88.77%83.73%84.67%82.91%82.59%
Dividend Paid to FCF------1389.43%----769.69%756.58%916.27%608.06%0.00%0.00%0.00%0.00%14.16%12.42%11.87%10.04%20.82%24.01%27.81%28.29%38.33%44.91%

Earnings

Report DateAug 11, 1999Nov 11, 1999Feb 22, 2000May 8, 2000Aug 10, 2000Nov 7, 2000Feb 20, 2001May 8, 2001Aug 9, 2001Nov 13, 2001Feb 27, 2002May 6, 2002Aug 12, 2002Nov 5, 2002Mar 24, 2003May 14, 2003Aug 11, 2003Nov 10, 2003Feb 26, 2004May 6, 2004Jul 29, 2004Oct 28, 2004Mar 10, 2005May 2, 2005Aug 1, 2005Nov 7, 2005Feb 20, 2006May 8, 2006Aug 3, 2006Nov 6, 2006Feb 22, 2007May 7, 2007Aug 2, 2007Nov 1, 2007Feb 21, 2008Apr 30, 2008Aug 4, 2008Oct 30, 2008Feb 26, 2009May 4, 2009Jul 28, 2009Oct 29, 2009Feb 25, 2010May 4, 2010Aug 2, 2010Oct 28, 2010Feb 24, 2011Apr 28, 2011Aug 1, 2011Oct 31, 2011Feb 23, 2012Apr 30, 2012Aug 2, 2012Nov 5, 2012Feb 21, 2013Apr 29, 2013Aug 1, 2013Nov 4, 2013Feb 25, 2014May 1, 2014Jul 24, 2014Nov 4, 2014Feb 26, 2015Apr 23, 2015Jul 29, 2015Nov 4, 2015Feb 25, 2016May 2, 2016Jul 28, 2016Nov 1, 2016Feb 27, 2017May 1, 2017Jul 31, 2017Oct 30, 2017Feb 26, 2018Apr 30, 2018Jul 30, 2018Nov 5, 2018Feb 21, 2019Apr 29, 2019Jul 29, 2019Oct 28, 2019Feb 20, 2020May 5, 2020Aug 3, 2020Nov 2, 2020Feb 22, 2021Apr 26, 2021Aug 2, 2021Nov 1, 2021Feb 28, 2022Apr 25, 2022Aug 1, 2022Oct 31, 2022Feb 21, 2023May 1, 2023Jul 31, 2023Nov 2, 2023Feb 26, 2024Apr 29, 2024Jul 29, 2024Oct 28, 2024Feb 24, 2025Apr 28, 2025Aug 4, 2025Nov 3, 2025Feb 26, 2026Apr 29, 2026Aug 3, 2026Nov 2, 2026
EPS Estimate-1.80-0.31-0.33-0.30-0.26-0.20-0.17-0.43-0.50-0.92-0.55-1.65-0.70-0.60-0.61-0.62-0.69-0.58-0.53-0.45-0.41-0.33-0.31-0.30-0.26-0.20-0.17-0.14-0.15-0.16-0.18-0.15-0.13-0.12-0.12-0.10-0.11-0.13-0.11-0.12-0.17-0.26-0.26-0.25-0.27-0.23-0.22-0.19-0.20-0.20-0.23-0.18-0.15-0.23-0.14-0.24-0.11-0.15-0.050.040.060.020.020.170.090.160.080.130.180.180.100.190.200.230.180.200.170.240.440.220.220.330.390.400.270.480.520.350.730.950.691.020.961.031.091.091.302.241.371.362.322.352.282.322.262.163.081.742.762.92
EPS Actual-0.64-0.28-0.33-0.27-0.20-0.14-0.12-0.38-0.50-1.03-0.62-1.70-0.67-0.60-0.59-0.64-0.89-0.62-0.52-0.86-0.36-0.33-0.65-0.31-0.26-0.19-0.38-0.11-0.23-0.23-0.19-0.16-0.12-0.17-0.27-0.12-0.17-0.150.02-0.17-0.26-0.31-0.34-0.30-0.29-0.27-0.29-0.26-0.25-0.28-0.27-0.20-0.09-0.19-0.41-0.17-0.170.23-0.15-0.070.040.020.040.100.180.600.240.160.260.200.040.310.080.410.060.27-0.500.140.500.230.280.190.590.230.200.200.940.450.720.830.441.061.031.150.940.681.621.091.011.692.132.252.331.772.092.203.191.743.03-
Surprise64.44%9.68%0.00%10.00%23.08%30.00%29.41%11.63%0.00%-11.96%-12.73%-3.03%4.29%0.00%3.28%-3.23%-28.99%-6.90%1.89%-91.11%12.20%0.00%-109.68%-3.33%0.00%5.00%-123.53%21.43%-53.33%-43.75%-5.56%-6.67%7.69%-41.67%-125.00%-20.00%-54.55%-15.38%118.18%-41.67%-52.94%-19.23%-30.77%-20.00%-7.41%-17.39%-31.82%-36.84%-25.00%-40.00%-17.39%-11.11%40.00%17.39%-192.86%29.17%-54.55%253.33%-200.00%-275.00%-33.33%0.00%100.00%-41.18%100.00%275.00%200.00%23.08%44.44%11.11%-60.00%63.16%-60.00%78.26%-66.67%35.00%-394.12%-41.67%13.64%4.55%27.27%-42.42%51.28%-42.50%-25.93%-58.33%80.77%28.57%-1.37%-12.63%-36.23%3.92%7.29%11.65%-13.76%-37.61%24.62%-51.34%-26.28%24.26%-8.19%-4.26%1.86%-23.71%-7.52%1.85%3.57%0.00%9.78%-
Timing---------Pre-market-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap17.63B
Enterprise Value34.53B
Trailing P/E17.92
Forward P/E19.38
PEG Ratio10.77
Price / Sales6.14
Price / Book91.04
EPS9.27
Book Value-43.64
Revenue (TTM)2.87B
Gross Profit (TTM)2.13B
EBITDA1.83B
Profit Margin34.51%
Operating Margin52.17%
Return on Equity0.00%
Return on Assets8.41%
Shares Outstanding106.09M
Shares Float105.30M
Beta0.98
Dividend Yield3.01%
Dividend Rate5.00
Payout Ratio47.83%

Analyst Ratings

Buy
Based on 18 analystsTarget 225.90
  • Strong Buy
    6
  • Buy
    4
  • Hold
    8

Ownership Breakdown

Institutions
101.33%
Insiders
0.77%
Retail / Other
0.00%

Top Institutional Holders

  • Dodge & Cox
    12.32M11.62%
  • BlackRock Inc
    10.12M9.54%
  • Vanguard Portfolio Management, LLC
    9.71M9.15%
  • Vanguard Capital Management, LLC
    6.92M6.53%
  • State Street Corp
    4.96M4.68%
  • JPMorgan Chase & Co
    3.91M3.69%
  • Cohen & Steers Inc
    3.25M3.06%
  • Geode Capital Management, LLC
    3.15M2.97%
  • Amvescap Plc.
    1.96M1.85%
  • Arrowstreet Capital Limited Partnership
    1.62M1.52%
  • Dimensional Fund Advisors, Inc.
    1.61M1.52%
  • Charles Schwab Investment Management Inc
    1.58M1.49%
  • Legal & General Group PLC
    1.51M1.42%
  • NORGES BANK
    1.48M1.40%

Top Fund Holders

  • Dodge & Cox Stock I
    7.76M7.31%
  • Vanguard Real Estate Index Investor
    3.99M3.76%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.37M3.18%
  • Vanguard 500 Index Investor
    2.82M2.66%
  • Vanguard MStar Mid Cap Index Instl
    2.29M2.16%
  • Vanguard MStar Growth Index Investor
    1.44M1.36%

Dividends

20264×
1.25Nov 12, 20261.25Aug 20, 20261.25May 22, 20261.25Mar 13, 2026
20254×
1.11Nov 13, 20251.11Aug 21, 20251.11May 22, 20251.11Mar 13, 2025
20244×
0.98Nov 14, 20240.98Aug 22, 20240.98May 22, 20240.98Mar 13, 2024
20234×
0.85Nov 15, 20230.85Aug 23, 20230.85May 25, 20230.85Mar 9, 2023
20224×
0.71Nov 16, 20220.71Aug 24, 20220.71May 18, 20220.71Mar 9, 2022
20214×
0.58Nov 17, 20210.58Aug 25, 20210.58May 19, 20210.58Mar 9, 2021