Stocktoria
SBA COMMUNICATIONS CORP SBAC
Nasdaq · XNAS · reit · Real Estate Investment Trusts · website · IPO 1999-06-16
SBA COMMUNICATIONS CORP statistics & valuation
Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
SBA COMMUNICATIONS CORP trades at about 18× earnings — below its 10-year norm (10-year range 18.8×–1279.4×, median 172.6×).
18.8×
1279.4×
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 75.5% | 78.3% | 77.4% | 74.6% | 76.4% | 77.1% | 75.5% | 74.9% | 74.2% | 74.2% |
| Operating margin | 47.7% | 53.6% | 34.1% | 35.1% | 33.9% | 30.4% | 29.0% | 29.2% | 26.5% | 23.7% |
| Net margin | 37.4% | 28.0% | 18.5% | 17.5% | 10.3% | 1.2% | 7.3% | 2.5% | 6.0% | 4.7% |
| FCF margin | 37.9% | 41.3% | 48.2% | 40.7% | 45.7% | 47.9% | 40.5% | 37.6% | 38.9% | 36.9% |
| Return on assets | 9.1% | 6.6% | 4.9% | 4.4% | 2.4% | 0.3% | 1.5% | 0.7% | 1.4% | 1.0% |
| Return on equity | -21.7% | -14.7% | -9.7% | -8.7% | -4.5% | -0.5% | -4.0% | -1.4% | -4.0% | -3.8% |
| Debt / equity | -2.66× | -2.66× | -2.38× | -2.44× | -2.33× | -2.30× | -2.82× | -2.94× | -3.58× | -4.40× |
| Current ratio | 0.29 | 1.10 | 0.36 | 0.69 | 1.00 | 0.77 | 0.32 | 0.31 | 0.93 | 0.37 |
Source: SEC EDGAR filings · CIK 0001034054 · as of 2025-12-31. Facts from filings plus Stocktoria's own computed scores — not investment advice.