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StockVS

NASDAQ · REIT - Specialty · USD

SBA Communications Corporation (SBAC) Stock Analysis

SBA Communications Corporation (SBAC) is a REIT - Specialty stock listed on NASDAQ and quoted in US Dollar.

SBAC

$189.44

−$2.08 (−1.09%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SBAC Key Statistics

As of Sep 4, 2026
Trading
Open
$189.84
Previous Close
$191.52
Day's Range
186.65–192.00
52-Week Range
162.41–224.46
Volume
668.80K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.98
Valuation
Market Cap
$20.10B
P/E Ratio
20.44
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
23.08
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
11.12
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
7.00
EPS (ttm)Profit attributable to each share over the last twelve months.
9.27
Financials (FY)
Revenue (FY)
$2.82B+5.06%
Net Income (FY)
$1.05B+40.57%
Profit marginThe share of revenue left as profit after all costs and taxes.
34.51%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
106.09M
1-Year Return
−0.46%
Dividend and dates
Dividend
$5.00+2.61%
Ex-Dividend Date
August 20, 2026
Earnings Date
November 2, 2026estimated
Avg Volume
996.73K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SBAC Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−0.12%
2025−3.13%
2024−18.18%
2023−8.15%
2022−27.30%
2021+38.95%
2020+17.81%
2019+49.30%
2018−0.90%
2017+58.20%
2016 (partial year)−10.80%

As of September 4, 2026.

SBAC Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.82B$1.05B37.4%
2024$2.68B$749.54M28.0%
2023$2.71B$501.81M18.5%
2022$2.63B$461.43M17.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.82B$2.12B$1.55B$1.05B37.4%
2024$2.68B$2.10B$1.57B$749.54M28.0%
2023$2.71B$2.10B$1.11B$501.81M18.5%
2022$2.63B$1.96B$995.38M$461.43M17.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SBAC Dividend History

$4.44+13.3% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$3.753—
2025$4.444+13.3%
2024$3.924+15.3%
2023$3.404+19.7%
YearDividends per sharePaymentsChange
2026 (partial year)$3.753—
2025$4.444+13.3%
2024$3.924+15.3%
2023$3.404+19.7%
2022$2.844+22.4%
2021$2.324+24.7%
2020$1.864+151.4%
2019$0.742—

Most recent payment: $1.25 per share, ex-dividend August 20, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

SBAC Valuation vs REIT - Specialty Median

Median of 22 stocks
MetricSBACREIT - Specialty medianvs median
P/E20.4428.3028% below
P/S ratio7.006.2712% above
Profit margin34.51%12.24%22.3 pts above

Medians across 22 REIT - Specialty stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

SBA Communications Corporation (SBAC) carries a market capitalisation of $20.10B. The company sits in the Real Estate sector, in the REIT - Specialty industry. The company reports 1,844 employees.

SBAC last closed at $189.44 on September 4, 2026. That is −$2.08 (−1.09%) against the previous close. The 52-week range on file runs from $162.41 to $224.46. The latest close sits 16.64% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $2.82B. That is +5.06% against the prior fiscal year, when revenue was $2.68B. The same year closed with net income of $1.05B. That is +40.57% against the prior fiscal year. Profit margin runs at 34.51%. That is 22.3 percentage points above the REIT - Specialty median of 12.24%. Earnings per share on a trailing basis come to 9.27.

Across the 4 fiscal years on file, revenue moves from $2.63B in 2022 to $2.82B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 20.44. That is 27.79% below the REIT - Specialty median of 28.31. On forward earnings the ratio is 23.08. The PEG ratio, which sets the P/E against expected earnings growth, reads 11.12. Measured against sales, the shares trade at 7 times revenue. On price-to-sales that is 11.64% above the REIT - Specialty median of 6.27. The medians here are taken across 22 REIT - Specialty companies that report the metric.

Over the trailing twelve months the price has returned −0.46%. Across 10 years the annualized return works out at +6.08%. The reported beta is 0.98. Daily returns over the trailing 10 years annualize to a volatility of 28.36%.

Growth & Income

SBAC pays a dividend yielding 2.61%. That is 1.7 percentage points below the REIT - Specialty median yield of 4.33%. The indicated annual rate is $5.00 a share. The ex-dividend date on file is August 20, 2026. Dividends are recorded for 8 calendar years; 2026 shows 3 payments totalling $3.75 a share. The year before, 2025, totalled $4.44 a share.

Across the complete calendar years on file, 2017 returned +58.20% and 2022 returned −27.30%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the price is −0.12%.

Peer Comparison

SBA Communications Corporation (SBAC) operates in the REIT - Specialty industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
SBA Communications Corporation SBAC $20.10B 20.4
Equinix, Inc. EQIX $102.22B 67.1
American Tower Corporation AMT $81.94B 24.2
Digital Realty Trust, Inc. DLR $71.15B 91.9

The REIT - Specialty industry average P/E ratio is 28.3x. SBA Communications Corporation trades at a P/E of 20.4.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About SBA Communications Corporation

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2025, we owned 46,328 towers, a substantial portion of which were built by us or by other tower owners or operators who, like us, build towers to lease space to multiple wireless service providers. As of December 31, 2025, each of our towers had an average of 1.8 tenants. SBA Communications Corporation was established in 1989 and was incorporated in Florida.

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