Symbols / SBAC $188.56 -2.65%
SBAC Chart
About
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization.
Fundamentals
Scroll to Statements| Sector | Real Estate | Industry | REIT - Specialty | Market Cap | 19.92B |
| Enterprise Value | 35.09B | Income | 1.05B | Sales | 2.82B |
| Book/sh | -45.93 | Cash/sh | 2.50 | Dividend Yield | 258.00% |
| Payout | 45.31% | Employees | 1844 | IPO | — |
| P/E | 19.77 | Forward P/E | 23.95 | PEG | — |
| P/S | 7.08 | P/B | -4.11 | P/C | — |
| EV/EBITDA | 19.38 | EV/Sales | 12.47 | Quick Ratio | 0.17 |
| Current Ratio | 0.29 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | 9.54 | EPS next Y | 7.87 | EPS Growth | 115.60% |
| Revenue Growth | 3.70% | Earnings | 2026-04-27 | ROA | 8.26% |
| ROE | — | ROIC | — | Gross Margin | 74.48% |
| Oper. Margin | 52.44% | Profit Margin | 37.43% | Shs Outstand | 105.65M |
| Shs Float | 105.05M | Short Float | 2.59% | Short Ratio | 2.72 |
| Short Interest | — | 52W High | 245.16 | 52W Low | 177.49 |
| Beta | 0.83 | Avg Volume | 901.25K | Volume | 901.59K |
| Target Price | $224.37 | Recom | Buy | Prev Close | $193.70 |
| Price | $188.56 | Change | -2.65% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$224.37
Mean price target
2. Current target
$188.56
Latest analyst target
3. DCF / Fair value
$156.48
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$188.56
Low
$182.00
High
$280.00
Mean
$224.37
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-05 | init | Bernstein | — → Market Perform | $218 |
| 2026-03-02 | main | Scotiabank | Sector Perform → Sector Perform | $223 |
| 2026-03-02 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $215 |
| 2026-03-02 | main | RBC Capital | Outperform → Outperform | $220 |
| 2026-02-27 | main | Wells Fargo | Equal-Weight → Equal-Weight | $195 |
| 2026-01-20 | main | UBS | Buy → Buy | $260 |
| 2026-01-14 | main | Scotiabank | Sector Perform → Sector Perform | $233 |
| 2026-01-12 | main | JP Morgan | Neutral → Neutral | $240 |
| 2025-12-16 | main | Wells Fargo | Equal-Weight → Equal-Weight | $205 |
| 2025-12-01 | main | Barclays | Overweight → Overweight | $212 |
| 2025-11-17 | main | Barclays | Overweight → Overweight | $219 |
| 2025-11-10 | main | RBC Capital | Outperform → Outperform | $232 |
| 2025-11-04 | main | TD Cowen | Buy → Buy | $237 |
| 2025-11-04 | main | BMO Capital | Market Perform → Market Perform | $210 |
| 2025-10-20 | main | Wells Fargo | Equal-Weight → Equal-Weight | $215 |
| 2025-10-16 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $220 |
| 2025-10-16 | main | Citigroup | Buy → Buy | $235 |
| 2025-10-14 | main | UBS | Buy → Buy | $275 |
| 2025-10-02 | main | RBC Capital | Outperform → Outperform | $235 |
| 2025-10-01 | main | Goldman Sachs | Neutral → Neutral | $220 |
- Russell Investments Group Ltd. Sells 157,268 Shares of SBA Communications Corporation $SBAC - MarketBeat Wed, 11 Mar 2026 10
- Responsive Playbooks and the SBAC Inflection - Stock Traders Daily ue, 10 Mar 2026 07
- SBAC Stock Surges 13% With A 7-day Winning Spree On Institutional Buying - Trefis Wed, 18 Feb 2026 08
- JPMorgan Lowers the Firm’s PT on SBA Communications (SBAC) Stock - Yahoo Finance Fri, 16 Jan 2026 08
- Wireless tower REIT with 46,000 sites joins Deutsche Bank event - Stock Titan Wed, 25 Feb 2026 08
- Bernstein Initiates Coverage of SBA Communications (SBAC) with Market Perform Recommendation - Nasdaq Fri, 06 Mar 2026 00
- Assessing SBA Communications (SBAC) Valuation After Recent 8.9% 30 Day Share Price Gain - simplywall.st Fri, 06 Mar 2026 11
- 4 Reasons Why You Should Add SBAC Stock to Your Portfolio Now - Zacks Investment Research hu, 18 Dec 2025 08
- SBA Communications (SBAC) Receives New Coverage and Rating from Bernstein | SBAC Stock News - GuruFocus hu, 05 Mar 2026 13
- Barclays PLC Raises Stock Position in SBA Communications Corporation $SBAC - MarketBeat ue, 10 Mar 2026 07
- S&P 500 tower REIT SBA joins Citi’s 2026 Global Property CEO conference - Stock Titan hu, 19 Feb 2026 08
- SBA Communications Corporation $SBAC Shares Sold by Vinva Investment Management Ltd - MarketBeat Mon, 09 Mar 2026 12
- SBA Communications (SBAC) Q4 FFO and Revenues Miss Estimates - Nasdaq hu, 26 Feb 2026 22
- SBA Communications (SBAC): Has the Recent Share Price Slide Opened a Valuation Opportunity? - Yahoo Finance hu, 11 Dec 2025 08
- Vestcor Inc Has $4.49 Million Position in SBA Communications Corporation $SBAC - MarketBeat ue, 10 Mar 2026 10
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 19084 | — | — | CAVANAGH BRENDAN THOMAS | Chief Executive Officer | — | 2026-03-06 00:00:00 | D | nan |
| 1 | 8319 | — | — | CANE RICHARD M | Officer | — | 2026-03-06 00:00:00 | D | nan |
| 2 | 7985 | — | — | KOENIG JOSHUA | General Counsel | — | 2026-03-06 00:00:00 | D | nan |
| 3 | 3791 | — | — | DAY DONALD E. | Officer | — | 2026-03-06 00:00:00 | D | nan |
| 4 | 2536 | — | — | KREDI SAUL | Officer | — | 2026-03-06 00:00:00 | D | nan |
| 5 | 4523 | — | — | MONTAGNER MARC | Chief Financial Officer | — | 2026-03-06 00:00:00 | D | nan |
| 6 | 24276 | — | — | STOOPS JEFFREY A | Chairman of the Board | — | 2026-03-06 00:00:00 | D | nan |
| 7 | 8383 | — | — | CIARFELLA MARK R. | Officer | — | 2026-03-06 00:00:00 | D | nan |
| 8 | 5739 | — | Conversion of Exercise of derivative security at price 182.30 per share. | DAY DONALD E. | Officer | — | 2026-02-18 00:00:00 | D | 1046220.0 |
| 9 | 55741 | — | Conversion of Exercise of derivative security at price 182.30 per share. | CAVANAGH BRENDAN THOMAS | Chief Executive Officer | — | 2026-01-20 00:00:00 | D | 10161584.0 |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -31.93M | -4.34M | -17.80M | -8.84M |
| TaxRateForCalcs | 0.15 | 0.03 | 0.09 | 0.13 |
| NormalizedEBITDA | 2.22B | 1.61B | 1.89B | 1.70B |
| TotalUnusualItems | -211.49M | -139.81M | -191.06M | -70.40M |
| TotalUnusualItemsExcludingGoodwill | -211.49M | -139.81M | -191.06M | -70.40M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 1.05B | 749.54M | 501.81M | 461.43M |
| ReconciledDepreciation | 292.29M | 269.52M | 716.31M | 707.58M |
| ReconciledCostOfRevenue | 690.97M | 581.73M | 612.62M | 668.65M |
| EBITDA | 2.01B | 1.47B | 1.70B | 1.63B |
| EBIT | 1.72B | 1.20B | 984.74M | 925.74M |
| NetInterestIncome | -466.96M | -406.74M | -438.21M | -409.60M |
| InterestExpense | 476.77M | 427.44M | 436.24M | 399.89M |
| InterestIncome | 31.68M | 41.96M | 18.30M | 10.13M |
| NormalizedIncome | 1.23B | 885.01M | 675.07M | 522.99M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 1.05B | 749.54M | 501.81M | 461.43M |
| TotalExpenses | 1.26B | 1.11B | 1.60B | 1.64B |
| TotalOperatingIncomeAsReported | 1.34B | 1.44B | 923.66M | 925.41M |
| DilutedAverageShares | 107.53M | 108.08M | 108.91M | 109.39M |
| BasicAverageShares | 107.21M | 107.64M | 108.20M | 107.96M |
| DilutedEPS | 9.80 | 6.94 | 4.61 | 4.22 |
| BasicEPS | 9.83 | 6.96 | 4.64 | 4.27 |
| DilutedNIAvailtoComStockholders | 1.05B | 749.54M | 501.81M | 461.43M |
| NetIncomeCommonStockholders | 1.05B | 749.54M | 501.81M | 461.43M |
| NetIncome | 1.05B | 749.54M | 501.81M | 461.43M |
| MinorityInterests | -824.00K | 859.00K | 4.40M | 1.63M |
| NetIncomeIncludingNoncontrollingInterests | 1.05B | 748.68M | 497.42M | 459.80M |
| NetIncomeContinuousOperations | 1.05B | 748.68M | 497.42M | 459.80M |
| TaxProvision | 187.58M | 23.99M | 51.09M | 66.04M |
| PretaxIncome | 1.24B | 772.67M | 548.50M | 525.84M |
| OtherIncomeExpense | 154.72M | -390.23M | -128.00M | -59.94M |
| OtherNonOperatingIncomeExpenses | 366.21M | -250.41M | 63.05M | 10.47M |
| SpecialIncomeCharges | -211.49M | -139.81M | -191.06M | -70.40M |
| OtherSpecialCharges | 5.94M | 437.00K | 39.50M | |
| WriteOff | 8.59M | 18.62M | 17.91M | 331.00K |
| ImpairmentOfCapitalAssets | 175.57M | 89.30M | 151.48M | 42.83M |
| RestructuringAndMergernAcquisition | 27.32M | 25.95M | 21.67M | 26.81M |
| NetNonOperatingInterestIncomeExpense | -466.96M | -406.74M | -438.21M | -409.60M |
| TotalOtherFinanceCost | 21.87M | 21.27M | 20.27M | 19.84M |
| InterestExpenseNonOperating | 476.77M | 427.44M | 436.24M | 399.89M |
| InterestIncomeNonOperating | 31.68M | 41.96M | 18.30M | 10.13M |
| OperatingIncome | 1.55B | 1.57B | 1.11B | 995.38M |
| OperatingExpense | 569.90M | 528.27M | 984.25M | 969.43M |
| OtherOperatingExpenses | 1.88M | |||
| DepreciationAmortizationDepletionIncomeStatement | 292.29M | 269.52M | 716.31M | 707.58M |
| DepreciationAndAmortizationInIncomeStatement | 292.29M | 269.52M | 716.31M | 707.58M |
| SellingGeneralAndAdministration | 277.61M | 258.76M | 267.94M | 261.85M |
| GrossProfit | 2.12B | 2.10B | 2.10B | 1.96B |
| CostOfRevenue | 690.97M | 581.73M | 612.62M | 668.65M |
| TotalRevenue | 2.82B | 2.68B | 2.71B | 2.63B |
| OperatingRevenue | 2.82B | 2.68B | 2.71B | 2.63B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 105.67M | 107.56M | 108.05M | 108.00M |
| ShareIssued | 105.67M | 107.56M | 108.05M | 108.00M |
| NetDebt | 12.64B | 13.40B | 12.12B | 12.72B |
| TotalDebt | 15.32B | 15.76B | 14.46B | 15.17B |
| TangibleBookValue | -7.74B | -7.50B | -7.63B | -8.05B |
| InvestedCapital | 8.05B | 8.48B | 7.15B | 7.59B |
| WorkingCapital | -1.90B | 180.78M | -878.99M | -214.03M |
| NetTangibleAssets | -7.74B | -7.50B | -7.63B | -8.05B |
| CapitalLeaseObligations | 2.42B | 2.16B | 2.14B | 2.30B |
| CommonStockEquity | -4.85B | -5.11B | -5.17B | -5.28B |
| TotalCapitalization | 6.11B | 7.29B | 6.51B | 7.57B |
| TotalEquityGrossMinorityInterest | -4.78B | -5.06B | -5.14B | -5.24B |
| MinorityInterest | 78.26M | 54.13M | 35.05M | 31.73M |
| StockholdersEquity | -4.85B | -5.11B | -5.17B | -5.28B |
| GainsLossesNotAffectingRetainedEarnings | -664.10M | -760.28M | -615.20M | -590.51M |
| OtherEquityAdjustments | -664.10M | -760.28M | -615.20M | -590.51M |
| RetainedEarnings | -7.25B | -7.33B | -7.45B | -7.48B |
| AdditionalPaidInCapital | 3.06B | 2.98B | 2.89B | 2.80B |
| CapitalStock | 1.06M | 1.08M | 1.08M | 1.08M |
| CommonStock | 1.06M | 1.08M | 1.08M | 1.08M |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 16.35B | 16.47B | 15.31B | 15.83B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 13.67B | 14.68B | 13.95B | 15.13B |
| OtherNonCurrentLiabilities | 588.24M | 367.94M | 404.16M | 248.07M |
| PreferredSecuritiesOutsideStockEquity | 17.25M | |||
| LongTermDebtAndCapitalLeaseObligation | 13.08B | 14.31B | 13.55B | 14.88B |
| LongTermCapitalLeaseObligation | 2.12B | 1.90B | 1.87B | 2.04B |
| LongTermDebt | 10.96B | 12.40B | 11.68B | 12.84B |
| CurrentLiabilities | 2.68B | 1.80B | 1.36B | 696.76M |
| OtherCurrentLiabilities | 94.01M | 17.93M | 18.66M | 12.93M |
| CurrentDeferredLiabilities | 117.31M | 127.31M | 235.67M | 179.74M |
| CurrentDeferredRevenue | 117.31M | 127.31M | 235.67M | 179.74M |
| CurrentDebtAndCapitalLeaseObligation | 2.24B | 1.45B | 916.61M | 286.37M |
| CurrentCapitalLeaseObligation | 299.60M | 261.02M | 273.46M | 262.37M |
| CurrentDebt | 1.94B | 1.19B | 643.14M | 24.00M |
| OtherCurrentBorrowings | 1.94B | 1.19B | 643.14M | 24.00M |
| PayablesAndAccruedExpenses | 231.57M | 203.76M | 192.32M | 217.72M |
| CurrentAccruedExpenses | 150.94M | 137.01M | 142.97M | 147.24M |
| InterestPayable | 65.04M | 62.24M | 57.50M | 54.17M |
| Payables | 80.63M | 66.75M | 49.35M | 70.49M |
| TotalTaxPayable | 7.60M | 7.20M | 7.15M | 19.06M |
| AccountsPayable | 73.03M | 59.55M | 42.20M | 51.43M |
| TotalAssets | 11.58B | 11.42B | 10.18B | 10.59B |
| TotalNonCurrentAssets | 10.80B | 9.44B | 9.69B | 10.10B |
| OtherNonCurrentAssets | 150.52M | 46.02M | 43.87M | 46.34M |
| NonCurrentDeferredAssets | 45.68M | 62.81M | 76.19M | 23.92M |
| NonCurrentDeferredTaxesAssets | 35.72M | 53.97M | 67.47M | 16.17M |
| NonCurrentNoteReceivables | 3.66M | 59.33M | 148.10M | 39.92M |
| NonCurrentAccountsReceivable | 424.63M | 417.57M | 415.10M | 388.64M |
| FinancialAssets | 6.45M | 50.59M | 104.67M | 182.86M |
| InvestmentsAndAdvances | 21.05M | 20.78M | 24.54M | 40.70M |
| GoodwillAndOtherIntangibleAssets | 2.88B | 2.39B | 2.46B | 2.78B |
| OtherIntangibleAssets | 2.88B | 2.39B | 2.46B | 2.78B |
| NetPPE | 7.27B | 6.39B | 6.43B | 6.60B |
| AccumulatedDepreciation | -4.36B | -4.28B | -4.25B | -3.97B |
| GrossPPE | 11.63B | 10.67B | 10.67B | 10.57B |
| ConstructionInProgress | 72.79M | 72.20M | 105.63M | 77.56M |
| OtherProperties | 10.47B | 9.50B | 9.55B | 9.54B |
| MachineryFurnitureEquipment | 97.98M | 84.63M | 76.03M | 67.40M |
| Properties | 985.02M | 1.01B | 941.36M | 889.29M |
| CurrentAssets | 773.43M | 1.98B | 484.27M | 482.73M |
| OtherCurrentAssets | 34.70M | 22.76M | 16.60M | 13.45M |
| RestrictedCash | 167.80M | 1.21B | 38.13M | 41.96M |
| PrepaidAssets | 35.91M | 20.40M | 17.82M | 17.84M |
| Receivables | 263.80M | 284.53M | 202.13M | 264.45M |
| OtherReceivables | 28.15M | 19.20M | 16.25M | 79.55M |
| AccruedInterestReceivable | 611.00K | 4.36M | 2.10M | 529.00K |
| LoansReceivable | 63.78M | 115.28M | 1.03M | |
| AccountsReceivable | 171.26M | 145.69M | 182.75M | 184.37M |
| AllowanceForDoubtfulAccountsReceivable | -18.78M | -14.69M | -12.84M | -9.17M |
| GrossAccountsReceivable | 190.04M | 160.38M | 195.58M | 193.53M |
| CashCashEquivalentsAndShortTermInvestments | 271.22M | 444.38M | 209.59M | 145.04M |
| OtherShortTermInvestments | 6.65M | 254.53M | 1.05M | 1.33M |
| CashAndCashEquivalents | 264.57M | 189.84M | 208.55M | 143.71M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 1.07B | 1.11B | 1.31B | 1.07B |
| RepurchaseOfCapitalStock | -497.81M | -200.02M | -100.01M | -431.67M |
| RepaymentOfDebt | -1.41B | -3.46B | -754.00M | -1.27B |
| IssuanceOfDebt | 695.00M | 4.70B | 190.00M | 1.81B |
| CapitalExpenditure | -224.82M | -228.15M | -236.70M | -214.44M |
| InterestPaidSupplementalData | 467.40M | 395.11M | 396.59M | 347.66M |
| IncomeTaxPaidSupplementalData | 52.77M | 42.41M | 25.58M | 32.32M |
| EndCashPosition | 437.02M | 1.40B | 250.95M | 189.28M |
| BeginningCashPosition | 1.40B | 250.95M | 189.28M | 435.63M |
| EffectOfExchangeRateChanges | 10.44M | -21.59M | 2.73M | -2.92M |
| ChangesInCash | -974.08M | 1.17B | 58.93M | -243.43M |
| FinancingCashFlow | -1.66B | 645.74M | -1.02B | -135.47M |
| CashFlowFromContinuingFinancingActivities | -1.66B | 645.74M | -1.02B | -135.47M |
| NetOtherFinancingCharges | -29.31M | -6.22M | -27.44M | 18.77M |
| ProceedsFromStockOptionExercised | 55.55M | 35.99M | 44.20M | 38.30M |
| CashDividendsPaid | -479.01M | -424.19M | -369.96M | -306.77M |
| CommonStockDividendPaid | -479.01M | -424.19M | -369.96M | -306.77M |
| NetCommonStockIssuance | -497.81M | -200.02M | -100.01M | -431.67M |
| CommonStockPayments | -497.81M | -200.02M | -100.01M | -431.67M |
| NetIssuancePaymentsOfDebt | -713.00M | 1.24B | -564.00M | 545.88M |
| NetShortTermDebtIssuance | -30.00M | |||
| ShortTermDebtPayments | -1.97B | |||
| ShortTermDebtIssuance | 1.94B | |||
| NetLongTermDebtIssuance | -713.00M | 1.24B | -564.00M | 545.88M |
| LongTermDebtPayments | -1.41B | -3.46B | -754.00M | -1.27B |
| LongTermDebtIssuance | 695.00M | 4.70B | 190.00M | 1.81B |
| InvestingCashFlow | -601.83M | -809.31M | -468.25M | -1.39B |
| CashFlowFromContinuingInvestingActivities | -601.83M | -809.31M | -468.25M | -1.39B |
| NetOtherInvestingChanges | 443.87M | -17.42M | -100.92M | 524.00K |
| NetInvestmentPurchaseAndSale | 237.95M | -263.93M | -672.00K | -3.64M |
| SaleOfInvestment | 1.40B | 1.54B | 1.34B | 878.14M |
| PurchaseOfInvestment | -1.17B | -1.80B | -1.34B | -881.78M |
| NetBusinessPurchaseAndSale | -1.06B | -299.81M | -129.96M | -1.18B |
| PurchaseOfBusiness | -1.06B | -299.81M | -129.96M | -1.18B |
| CapitalExpenditureReported | -224.82M | -228.15M | -236.70M | -214.44M |
| OperatingCashFlow | 1.29B | 1.33B | 1.54B | 1.29B |
| CashFlowFromContinuingOperatingActivities | 1.29B | 1.33B | 1.54B | 1.29B |
| ChangeInWorkingCapital | -179.63M | -143.06M | 64.47M | -113.12M |
| ChangeInOtherCurrentLiabilities | -162.37M | -264.46M | -19.21M | -162.61M |
| ChangeInOtherCurrentAssets | 129.94M | 127.18M | 141.11M | 135.47M |
| ChangeInPayablesAndAccruedExpense | -17.52M | -4.40M | -66.32M | 25.12M |
| ChangeInPrepaidAssets | -73.43M | -19.48M | -35.50M | -29.75M |
| ChangeInReceivables | -56.25M | 18.11M | 44.39M | -81.35M |
| OtherNonCashItems | -21.66M | 300.51M | 11.09M | 55.39M |
| StockBasedCompensation | 75.73M | 74.37M | 87.92M | 99.91M |
| AssetImpairmentCharge | 174.09M | 91.28M | 154.95M | 42.81M |
| DeferredTax | 104.45M | -13.09M | 4.63M | 32.90M |
| DeferredIncomeTax | 104.45M | -13.09M | 4.63M | 32.90M |
| DepreciationAmortizationDepletion | 292.29M | 269.52M | 716.31M | 707.58M |
| DepreciationAndAmortization | 292.29M | 269.52M | 716.31M | 707.58M |
| Depreciation | 292.29M | 269.52M | 716.31M | 707.58M |
| OperatingGainsLosses | -208.40M | 6.65M | 7.62M | 437.00K |
| NetIncomeFromContinuingOperations | 1.05B | 748.68M | 497.42M | 459.80M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SBAC
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|