SBA Communications Corporation (SBAC) Stock

About SBA Communications Corporation

SBA Communications Corporation is led by CEO Brendan Thomas Cavanagh, employs 1,720 people, headquartered in Boca Raton, US, publicly traded since 1999.

SBA Communications Corporation (SBAC) stock trades at $184.75 with a market capitalization of $19.60B. The stock is valued at a price-to-earnings (P/E) ratio of 19.72, a negative price-to-book of -4.20, reflecting negative shareholders' equity, price-to-sales of 6.79. Over the past 52 weeks the stock has ranged between $156.60 and $224.46, and currently trades 17.7% below its 52-week high. It pays a dividend yielding 2.72%.

On profitability, SBA Communications Corporation generates a return on equity (ROE) of -20.67% (not meaningful, as shareholders' equity is negative), return on capital employed of 19.69%, an operating margin of 52.42%, a net profit margin of 34.51%.

In its most recent fiscal year, SBA Communications Corporation reported annual revenue of $2.8B, net profit of $1.1B. Over the last 5 fiscal years, revenue grew at an average annual rate of 6.2%, and net profit grew at an average annual rate of 113.1%. Over that span net profit grew faster than revenue, so net margin widened.

The balance sheet shows a debt-to-equity ratio of -3.28 (negative because shareholders' equity is negative), a current ratio of 0.20, total assets of $11.6B, $432.0M in cash and equivalents.

SBAC has an average daily trading volume of 1,012,128 shares, a beta of 0.99.

SBA Communications Corporation by the numbers, 2016–2025

Between 2016 and 2025 SBA Communications Corporation reported revenue of $1.6B rising to $2.8B, a change of +72.4% across 10 years. Compounded, revenue has grown 6.2% a year over five years, 2.3% over three, 5.0% over the last twelve months. Net profit rose to $1.1B.

Operating margin went from 23.7% in 2016 to 48.7% in 2025, a gain of 25.0 percentage points. The most recent net margin is 34.51%. On a trailing twelve-month basis to Jun '26, revenue is $2.9B and net profit $991.0M.

Borrowings rose from $8.8B to $15.3B, cash from operations was $1.3B in the latest year, positive in 10 of the last 10.

Return on equity has averaged -11.9% over five years, and was -21.7% in the most recent year.

The share price itself has compounded at -4.1% a year over five years, -1.5% over three, -4.9% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

SBA Communications Corporation (SBAC) — frequently asked questions