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SBAC SBA COMMUNICATIONS CORP

Trailing twelve months to 2026-06-30 · as filed 2026-08-06, not restated
Real Estate

Scale

Market cap
$19.6bn
Revenue TTM
$894m
Net income TTM
$991m
Free cash flow
$1.0bn
Composite score
33.8
Sector rank
#456

Valuation

P / E
19.8
EV / EBITDA
16.8
EV / sales
31.8
FCF yield
5.28%
Earnings yield vs 10-yr
0.32pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
110.8%
EBITDA margin
188.8%
ROE
-21.4%
ROIC
32.8%
Revenue growth
5.1%

Insider activity, last 90 days

Net open-market
$-0.05m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

During the remainder of 2026, we expect core leasing revenue to increase over 2025 levels, on a currency neutral basis, due in part to contractual escalators and wireless carriers deploying additional capacity and increasing geographical coverage, the full year impact of towers acquired and built during 2025 and 2026, and the revenues from towers expected to be acquired and built during the remainder of 2026, partially offset by increased churn primarily driven by Sprint and EchoStar. International site leasing revenues increased $49.5 million for the three months ended June 30, 2026, as compared to the prior year. …SBA COMMUNICATIONS CORP, 10-Q, period ended 2026-06-30, filed 2026-08-06

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