SBA Communications Corporation

SBA Communications Corporation

176.11
USD
-2.34
(-1.31%)
9.30EPS
19.16P/E
18.94BMarket Cap
Nov 02Next Earn

Total Valuation

USD

As of June 30, 2026, SBA Communications Corp. Class A carries a market capitalization of 18.94B, placing it among publicly traded companies globally. Its enterprise value stands at 33.87B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap18.94B
Enterprise Value33.87B

Important Dates

SBA Communications Corp. Class A's next confirmed earnings release is scheduled for November 2, 2026.

Earnings Date11/2/2026

Share Statistics

As of June 30, 2026, SBA Communications Corp. Class A has 106.09M shares outstanding.

Shares Outstanding106.09M

Valuation Ratios

As of June 30, 2026, SBA Communications Corp. Class A trades at a trailing price-to-earnings ratio of 19.16. The price-to-sales ratio is 6.61, and the price-to-book ratio stands at -4.09.

PE Ratio19.16
PS Ratio6.61
PB Ratio-4.09
P/TBV Ratio-2.53
P/FCF Ratio14.82
P/OCF Ratio14.78

Enterprise Valuation

As of June 30, 2026, SBA Communications Corp. Class A trades at an EV/EBITDA multiple of 20.07 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 11.80 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 24.77 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. SBA Communications Corp. Class A trades at an EV/FCF ratio of 19.88, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 33.87B versus a market cap of 18.94B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales11.80
EV / EBITDA20.07
EV / EBIT24.77
EV / FCF19.88

Financial Position

As of June 30, 2026, SBA Communications Corp. Class A maintains a current ratio of 0.17, meaning it holds 0.2x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is -334.66, indicating conservative leverage, while an interest coverage ratio of 3.36 demonstrates adequate ability to service its debt obligations.

Current Ratio0.17
Quick Ratio0.14
Debt / Equity-334.66
Debt / EBITDA9.01
Interest Coverage3.36

Financial Efficiency

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These figures cover the twelve months ended June 30, 2026. Return on invested capital (ROIC) comes in at 11.07 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 8.80, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 13.68, useful for judging operating efficiency across full business cycles. The company generates approximately 1.58M in revenue per employee across its workforce of 1,813.00, a quick read on workforce productivity versus industry peers.

Return on Assets (ROA)8.80
Return on Invested Capital (ROIC)11.07
Return on Capital Employed (ROCE)13.68
Revenue Per Employee1.58M
Employee Count1,813.00

Taxes

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Over the twelve months ended June 30, 2026, SBA Communications Corp. Class A recorded 197.61M in income tax expense. That works out to an effective tax rate of 16.61, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 1.19B, leaving 990.71M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax197.61M
Effective Tax Rate16.61

Stock Price Statistics

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As of the close on October 22, 2026, SBA Communications Corp. Class A's stock has declined approximately 10.72% over the past 52 weeks. The 50-day moving average sits at 179.20, while the 200-day moving average is 190.09.

52-Week Price Change-10.72%
50-Day Moving Average179.20
200-Day Moving Average190.09

Income Statement

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Over the twelve months ended June 30, 2026, SBA Communications Corp. Class A generated 2.87B in revenue and converted that into 990.71M in net income, yielding earnings per share of 9.30. EBITDA reached 1.69B, while operating income came in at 1.55B.

Revenue2.87B
Gross Profit2.16B
Operating Income1.55B
Pretax Income1.19B
Net Income990.71M
EBITDA1.69B
EBIT1.37B
Earnings Per Share (EPS)9.30

Balance Sheet

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As of June 30, 2026, SBA Communications Corp. Class A holds 355.94M in cash and equivalents against 15.21B in total debt, resulting in a net debt position of 12.40B. Total book value stands at -4.63B, with working capital of -3.59B providing operational flexibility.

Cash & Cash Equivalents355.94M
Total Debt15.21B
Net Debt12.40B
Equity (Book Value)-4.63B
Book Value Per Share-43.64
Working Capital-3.59B

Cash Flow

USD

SBA Communications Corp. Class A produced 1.28B in operating cash flow over the twelve months ended June 30, 2026.

Operating Cash Flow1.28B
Free Cash Flow1.28B
FCF Per Share12.07

Margins

Over the twelve months ended June 30, 2026, SBA Communications Corp. Class A posted a gross margin of 75.18, reflecting its pricing power and cost economics. The operating margin of 53.98 and net profit margin of 34.51 provide insight into operational efficiency.

Gross Margin75.18
Operating Margin53.98
Pretax Margin41.45
Profit Margin34.51
EBITDA Margin58.79

Dividends & Yields

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Over the twelve months ended June 30, 2026, SBA Communications Corp. Class A paid dividends of 4.75 per share. The dividend payout ratio of 50.84 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 6.75, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 3.48, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to SBA Communications Corp. Class A shareholders.

Dividend Per Share4.75
Payout Ratio50.84
Shareholder Yield3.48
FCF Yield6.75

Scores

As of June 30, 2026, SBA Communications Corp. Class A has an Altman Z-Score of -0.01, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score-0.01