SBA COMMUNICATIONS CORP SBAC

Latest FY: 2025 Real Estate REIT - Specialty
Market Price $181.47
Market Cap $19.25B
P/E Ratio 18.52
Quick Peer Compare (Real Estate):
Revenue (FY 2025) ↑5.1% YoY
$2.82B
3-Yr CAGR: 111.7%
Net Income ↑40.6% YoY
$1.05B
Net Margin: 37.4%
Free Cash Flow ↓-3.6% YoY
$1.07B
FCF Yield: 5.54%
EPS (Diluted) ↑41.2% YoY
$9.80
Basic: $9.83
Return on Equity Efficiency
N/A
ROA: 9.1%
⚡ N/A due to negative equity (share buybacks or other)

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (SBAC)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $1,633.1M $1,212.2M $76.2M $0.61 0.00% $742.5M $602.5M
FY 2017 $1,727.7M +5.8% $1,281.4M $103.7M +36.0% $0.86 +41.0% 0.00% $818.5M $671.4M +11.4%
FY 2018 $1,865.7M +8.0% $1,396.9M $47.5M -54.2% $0.41 -52.3% 0.00% $850.6M $700.8M +4.4%
FY 2019 $153.8M -91.8% $34.7M $147.0M +209.8% $1.28 +212.2% $0.73 0.30% $970.0M $815.8M +16.4%
FY 2020 $128.7M -16.3% $25.9M $24.1M -83.6% $0.21 -83.6% $1.83 0.65% $1,126.0M $997.5M +22.3%
FY 2021 $204.7M +59.1% $45.7M $237.6M +885.8% $2.14 +919.0% $2.28 0.59% $1,189.9M $1,056.2M +5.9%
FY 2022 $296.9M +45.0% $73.9M $461.4M +94.2% $4.22 +97.2% $2.80 1.00% $1,285.7M $1,071.3M +1.4%
FY 2023 $2,711.6M +813.4% $2,571.6M $501.8M +8.8% $4.61 +9.2% $3.40 1.34% $1,544.4M $1,307.7M +22.1%
FY 2024 $2,679.6M -1.2% $2,560.9M $749.5M +49.4% $6.94 +50.5% $3.92 1.93% $1,334.9M $1,106.7M -15.4%
FY 2025 $2,815.1M +5.1% $2,616.2M $1,053.6M +40.6% $9.80 +41.2% $4.45 2.30% $1,291.3M $1,066.5M -3.6%
$

Valuation

Market Price $181.47
Market Cap $19.25B
Enterprise Value $31.88B
P/E Ratio 18.52
P/B Ratio N/A
FCF Yield 5.54%
Dividend Yield 2.45%
Shares Outstanding 106,063,000
%

Profitability & Margins

Gross Margin 92.93%
Operating Margin 47.70%
Net Margin 37.43%
Return on Equity (ROE) N/A (Negative Equity)
Return on Assets (ROA) 9.10%
Asset Turnover 0.24x
Revenue 3-Yr CAGR 111.66%
🛡️

Financial Health & Liquidity

Current Ratio 0.29
Cash Ratio 0.10
Debt / Equity -2.658
Debt / Assets 1.114
Cash & Equivalents $264.57M
Total Debt $12.90B
Book Value / Share $-45.76
💧

Cash Flow Efficiency

Operating Cash Flow $1.29B
Capital Expenditures (CapEx) $224.82M
Free Cash Flow $1.07B
OCF / Revenue 45.87%
FCF / Revenue 37.88%
FCF 3-Yr CAGR -0.15%
🏷️

Per Share Metrics

EPS (Diluted) $9.80
EPS (Basic) $9.83
Dividends / Share $4.45
Book Value / Share $-45.76
EPS YoY Growth 41.21%
🏛️

Balance Sheet (FY 2025)

Total Assets $11.58B
Total Liabilities $16.43B
Stockholders' Equity -$4.85B
Current Assets $773.43M
Current Liabilities $2.68B