SBA Communications Corp (SBAC) Key Ratios
$188.24
As on 01-Sep-2026 11:39EDT
Market cap
$20,258 Mln
Revenue (TTM)
$2,871 Mln
P/E Ratio
20.6
P/B Ratio
91
Div. Yield
2.5 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 1.68 | 2.33 | 5.36 | 1.87 | 5.63 |
| EBIT | -2.79 | -4.88 | 10.92 | 18.54 | 18.50 |
| Net Profit | 8.84 | -10.98 | 12.52 | 31.77 | 29.55 |
| EPS | 7.47 | -10.63 | 14.06 | 25.86 | 31.03 |
| Book Value | -- | -- | -- | -- | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 52.43 | 45.86 | 59.09 | 60.74 | 56.91 |
| Net Margin
| -- | 14.21 | 34.51 | -- | -- |
| Return on equity
| -15.11 | -11.76 | -- | -21.15 | -14.58 |
| Return on Capital
| 7.58 | 6.04 | -- | 9.98 | 7.52 |
| Return on Assets
| 6.98 | 5.59 | 7.01 | 9.17 | 6.94 |
| Debt to Equity (x)
| -- | -- | -1.98 | -3.16 | -3.08 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
9.98
|
7.52
|
5.23
|
4.82
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
--
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
-21.15
|
-14.58
|
-9.61
|
-8.74
|
|
Peer Median
|
7.78
|
--
|
--
|
--
|
--
|
ROA
7.01
Higher than Peers by 5.11
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
7.01
|
9.17
|
6.94
|
4.83
|
4.53
|
|
Peer Median
|
1.90
|
--
|
--
|
--
|
--
|
EBIT Margin
59.09
Higher than Peers by 28.41
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
59.09
|
60.74
|
56.91
|
39.65
|
36.77
|
|
Peer Median
|
30.68
|
--
|
--
|
--
|
--
|
Net Margin
34.51
Higher than Peers by 19.70
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
34.51
|
37.43
|
27.97
|
18.51
|
17.52
|
|
Peer Median
|
14.81
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.36
Lower than Peers by 1.17
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
5.36
|
0.05
|
-0.01
|
0.03
|
0.14
|
|
Peer Median
|
6.53
|
--
|
--
|
--
|
--
|
EBIT Growth
10.92
Higher than Peers by 2.50
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
10.92
|
12.12
|
41.85
|
11.04
|
19.00
|
|
Peer Median
|
8.42
|
--
|
--
|
--
|
--
|
Net Profit Growth
12.52
Lower than Peers by 4.02
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
12.52
|
40.57
|
49.37
|
8.75
|
94.18
|
|
Peer Median
|
16.55
|
--
|
--
|
--
|
--
|
EPS Growth
14.06
Higher than Peers by 1.75
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
14.06
|
0.42
|
0.50
|
0.09
|
0.97
|
|
Peer Median
|
12.31
|
--
|
--
|
--
|
--
|
Book Value Growth
4.84
Higher than Peers by 5.97
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
4.84
|
--
|
--
|
--
|
--
|
|
Peer Median
|
-1.13
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
-1.98
Lower than Peers by 2.91
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
-1.98
|
-3.16
|
-3.08
|
-2.80
|
-2.88
|
|
Peer Median
|
0.93
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
-0.84
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
-0.84
|
-0.46
|
-0.28
|
-0.18
|
-0.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.17
Lower than Peers by 0.89
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
0.17
|
0.49
|
1.10
|
0.36
|
0.69
|
|
Peer Median
|
1.07
|
--
|
--
|
--
|
--
|
Quick Ratio
0.17
Lower than Peers by 0.83
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
0.17
|
--
|
--
|
0.36
|
0.63
|
|
Peer Median
|
1.00
|
--
|
--
|
--
|
--
|
Interest Coverage
3.35
Higher than Peers by 1.50
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
3.35
|
3.65
|
3.57
|
2.46
|
2.42
|
|
Peer Median
|
1.85
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
6.13
Lower than Peers by 5.45
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
6.13
|
23.58
|
10.62
|
7.45
|
10.04
|
|
Peer Median
|
11.58
|
--
|
--
|
--
|
--
|
Asset Turnover
0.20
Higher than Peers by 0.05
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
0.20
|
0.24
|
0.25
|
0.26
|
0.26
|
|
Peer Median
|
0.15
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
61.53
|
33.17
|
31.42
|
28.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
--
|
0.00
|
12.08
|
32.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
14.73
|
30.58
|
26.96
|
22.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
--
|
--
|
2.59
|
16.55
|
38.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
20.60
Lower than Peers by 10.46
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
20.60
|
19.58
|
29.39
|
54.89
|
66.40
|
|
Peer Median
|
31.06
|
--
|
--
|
--
|
--
|
Price / Book Value
91.04
Higher than Peers by 89.21
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
91.04
|
-4.25
|
-4.31
|
-5.33
|
-5.81
|
|
Peer Median
|
1.82
|
--
|
--
|
--
|
--
|
Dividend Yield
2.52
Lower than Peers by 2.43
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
2.52
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.95
|
--
|
--
|
--
|
--
|
EV/EBITDA
17.23
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
17.23
|
16.24
|
20.81
|
23.33
|
27.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
20,258
Higher than Peers by 19,585
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
SBA Communications Corp (SBAC)
|
20,258
|
--
|
--
|
--
|
--
|
|
Peer Median
|
673
|
--
|
--
|
--
|
--
|