SBA COMMUNICATIONS CORP

SBAC

SBA COMMUNICATIONS CORP

SBAC

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2025-05-01Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:93,369,216Shares Outstanding:105,815,000Institutional Ownership Pct.:88.24%

Earnings Market Reaction:

Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	327	269	265	430	275	636	190	186	221	240	209	191
Restricted Cash And Cash Equivalents At Carrying V…	29	59	168	30	21	23	1,207	61	58	20	38	37
Accounts Receivable Net Current	176	161	171	158	140	130	146	111	89	127	183	158
Contract With Customer Asset Net Current	25	23	28	50	47	27	19	25	20	17	16	28
Prepaid Expense And Other Assets Current	188	255	142	144	41	117	417	67	73	44	39	46
Assets Current	745	767	773	813	524	933	1,979	450	460	448	484	460
Property Plant And Equipment Net	3,453	3,416	3,402	3,296	3,258	2,819	2,792	2,784	2,720	2,710	2,712	2,701
Finite Lived Intangible Assets Net	2,868	2,880	2,882	2,725	2,580	2,403	2,389	2,492	2,314	2,404	2,456	2,524
Operating Lease Right Of Use Asset	2,695	2,679	2,540	2,435	2,419	2,340	2,292	2,323	2,129	2,186	2,241	2,316
Other Assets Noncurrent	653	646	652	642	642	618	657	773	786	807	812	845
Assets	11,742	11,721	11,575	11,260	10,766	10,443	11,417	10,202	9,786	9,995	10,178	10,334
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	70	64	73	220	61	65	60	54	51	46	42	47
Accrued Liabilities Current	89	85	94	98	86	75	82	89	76	77	93	93
Long Term Debt Current	3,579	2,684	1,936	773	772	772	1,188	23	1,806	1,805	643	24
Deferred Revenue Current	157	104	117	132	125	110	127	184	191	161	236	176
Interest Payable Current	66	39	65	38	75	35	62	32	58	33	57	30
Other Liabilities Current	69	66	94	59	21	19	18	14	14	21	19	21
Liabilities Current	4,337	3,346	2,678	1,611	1,430	1,343	1,798	668	2,460	2,413	1,363	663
Liabilities Noncurrent
Long Term Debt Noncurrent	9,151	10,276	10,964	11,933	11,739	11,654	12,404	12,296	10,474	10,551	11,681	12,491
Other Liabilities Noncurrent	627	613	588	554	466	406	368	432	374	411	404	332
Liabilities Noncurrent	11,950	13,041	13,672	14,507	14,210	14,008	14,675	14,660	12,603	12,768	13,951	14,802
Redeemable Noncontrolling Interest Equity Carrying…	85	86	78	77	65	63	54	49	41	37	35	35
Stockholders Equity
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital	3,113	3,085	3,059	3,038	3,023	2,991	2,975	2,942	2,930	2,915	2,894	2,848
Retained Earnings Accumulated Deficit	-7,136	-7,201	-7,250	-7,285	-7,251	-7,226	-7,326	-7,394	-7,546	-7,509	-7,451	-7,422
Accumulated Other Comprehensive Income Loss Net Of…	-608	-637	-664	-688	-712	-737	-760	-724	-702	-630	-615	-594
Stockholders Equity	-4,630	-4,752	-4,854	-4,934	-4,939	-4,971	-5,110	-5,175	-5,317	-5,223	-5,171	-5,166
Liabilities And Stockholders Equity	11,742	11,721	11,575	11,260	10,766	10,443	11,417	10,202	9,786	9,995	10,178	10,334
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	30	30	30	30	30	30	30	30	30	30	30	30
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	400	400	400	400	400	400	400	400	400	400	400	400
Common Stock Shares Issued	106	106	106	107	107	108	108	108	107	108	108	108
Shares Outstanding	106	106	106	107	107	108	108	108	107	108	108	108

Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables

Start free trial

Custom Table

10‑Q10‑K

0/5

Search a metric to start building a table

Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals

Start free trial

Interactive Financial Visualizations

10‑Q10‑K

Stock Price:

OnOff

Transformations:

0/1

Search a metric to start building a visual

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-5.98%	-14.96%	-19.67%	-	-	-	-	-	-	-	-	-
2025	-4.20%	-4.29%	-2.37%	-7.74%	-12.53%	-10.52%	0.31%	-0.56%	-3.37%	-12.84%	11.68%	-0.09%
2024	2.63%	2.43%	12.04%	-0.62%	4.71%	8.21%	-1.74%	-9.35%	-9.34%	3.38%	6.85%	8.72%
2023	-	-	-	-	-	-	14.47%	15.90%	4.12%	5.49%	-4.01%	-2.38%
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial

Subscribe to unlock 17+ years of financial data and 90+ calculated metrics

Start 7-day free trial

Subscribe to unlock 17+ years of data and 90+ calculated metrics

Start free trial

Performance and Valuation Metrics

Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.

Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	0.17	0.23	0.29	0.50	0.37	0.69	1.10	0.67	0.19	0.19	0.36	0.69
Quick Ratio	0.13	0.15	0.24	0.41	0.34	0.61	0.87	0.57	0.16	0.17	0.33	0.62
Working Capital	-3.59B	-2.58B	-1.90B	-798.44M	-905.90M	-409.70M	180.78M	-217.58M	-2.00B	-1.97B	-878.99M	-203.17M
Leverage & Debt
Debt to Equity	-3.52	-3.45	-3.37	-3.27	-3.17	-3.09	-3.22	-2.96	-2.83	-2.91	-2.96	-2.99
Debt Ratio	1.39	1.40	1.41	1.43	1.45	1.47	1.44	1.50	1.54	1.52	1.50	1.50
Efficiency & Turnover
Asset Turnover TTM	0.25	0.25	0.24	0.26	0.27	0.26	0.25	0.20	0.20	0.20	0.26	0.26
Days Sales Outstanding TTM	20.60	18.89	20.55	17.76	15.27	17.34	22.37	24.05	22.19	27.36	24.71	19.28
Receivables Turnover TTM	17.72	19.32	17.76	20.55	23.90	21.05	16.32	15.18	16.45	13.34	14.77	18.93
Per Share Metrics
Diluted EPS TTM	9.31	9.60	9.81	8.06	8.18	7.54	6.94	6.28	4.71	5.08	4.57	4.53
Free Cash Flow Per Share TTM	9.91	9.62	9.95	10.07	9.87	10.44	10.28	11.37	11.49	11.86	12.09	10.71
Dividend Per Share TTM	4.69	4.70	4.52	3.26	3.12	4.07	3.94	3.82	3.70	3.55	3.42	3.27
Margin Metrics
Gross Profit Margin TTM	93.26%	92.89%	92.93%	93.12%	94.14%	95.04%	95.57%	94.73%	94.78%	94.24%	94.84%	93.40%
Operating Profit Margin TTM	48.87%	47.99%	47.70%	51.58%	52.27%	53.64%	53.58%	61.79%	55.49%	49.52%	34.06%	36.40%
Net Profit Margin TTM	35.35%	36.19%	37.46%	31.34%	32.29%	30.23%	27.97%	33.16%	24.77%	26.69%	18.34%	18.92%
Growth Metrics
Net Revenue Growth (1Y)	2.46%	4.31%	5.06%	35.28%	33.41%	30.62%	-1.18%	-21.56%	-22.71%	-36.41%	2.97%	683.95%
Net Income Growth (1Y)	12.17%	24.86%	40.68%	27.85%	73.89%	47.94%	50.69%	37.45%	-0.06%	47.69%	7.80%	21.21%
EPS Growth (1Y)	13.71%	27.14%	41.25%	28.13%	73.78%	48.43%	51.47%	38.58%	0.77%	47.73%	7.55%	20.70%
Valuation Metrics
P/E TTM	18.79	17.65	19.28	23.34	27.78	28.06	28.12	36.51	39.60	40.25	52.05	41.34
P/B TTM	-4.02	-3.78	-4.19	-4.10	-4.96	-4.60	-4.12	-4.78	-3.78	-4.25	-5.01	-3.95
P/S TTM	6.64	6.39	7.22	7.31	8.97	8.48	7.86	12.10	9.81	10.74	9.55	7.82
Market Cap	18.59B	17.98B	20.33B	20.22B	24.50B	22.89B	21.08B	24.74B	20.08B	22.19B	25.89B	20.39B
Enterprise Value	30.96B	30.61B	32.80B	32.46B	36.71B	34.65B	34.07B	36.81B	32.08B	34.28B	37.96B	32.67B
Calculated Values
Free Cash Flow TTM	1.05B	1.02B	1.07B	1.08B	1.06B	1.13B	1.11B	1.22B	1.23B	1.28B	1.31B	1.16B
Net Debt	12.37B	12.63B	12.46B	12.24B	12.21B	11.76B	12.99B	12.07B	12.00B	12.09B	12.07B	12.28B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Insider Transactions

2025-05-01Sale

Owner: Langer, Jack

Title: -

Shares: 5,000

Price/Share: $241.26

Value: $1,206,300.00

Shares Owned: 10,522

Relationship: Director

Ownership: Indirect

2025-03-07Sale

Owner: Koenig, Joshua

Title: EXECUTIVE VP/GENERAL COUNSEL

Shares: 2,209

Price/Share: $224.18

Value: $495,213.62

Shares Owned: 6,079

Relationship: Officer

Ownership: Direct

2025-02-28Sale

Owner: Chan, Mary S

Title: -

Shares: 1,411

Price/Share: $218.07

Value: $307,696.77

Shares Owned: 5,131

Relationship: Director

Ownership: Direct

2024-12-20Sale

Owner: Day, Donald

Title: EVP - SITE LEASING

Shares: 2,321

Price/Share: $203.43

Value: $472,161.03

Shares Owned: 4,998

Relationship: Officer

Ownership: Direct

2024-12-09Sale

Owner: Ciarfella, Mark R

Title: EVP - OPERATIONS

Shares: 3,545

Price/Share: $224.33

Value: $795,249.85

Shares Owned: 33,588

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-05-01	Langer, Jack	Director	-	Indirect	Sale	5,000	241.26	$1,206,300.00	10,522	4
2025-03-07	Koenig, Joshua	Officer	EXECUTIVE VP/GENERAL COUNSEL	Direct	Sale	2,209	224.18	$495,213.62	6,079	4
2025-02-28	Chan, Mary S	Director	-	Direct	Sale	1,411	218.07	$307,696.77	5,131	4
2024-12-20	Day, Donald	Officer	EVP - SITE LEASING	Direct	Sale	2,321	203.43	$472,161.03	4,998	4
2024-12-09	Ciarfella, Mark R	Officer	EVP - OPERATIONS	Direct	Sale	3,545	224.33	$795,249.85	33,588	4
2024-09-13	Day, Donald	Officer	EVP - SITE LEASING	Direct	Sale	1,500	242.86	$364,290.00	4,998	4
2024-08-21	Krouse, George R Jr	Director	-	Direct	Sale	325	219.58	$71,363.50	8,084	4
2024-08-01	Stoops, Jeffrey	Director,Other	-	Direct	Sale	49,765	222.32	$11,063,754.80	109,583	4
2024-03-05	Chan, Mary S	Director	-	Direct	Sale	1,977	217.99	$430,966.23	4,622	4
2023-12-14	Silberstein, Jason V	Officer	EVP - Site Leasing	Direct	Sale	16,465	255.83	$4,212,240.95	29,908	4
2023-12-13	Lazarus, Brian D	Officer	SVP & Chief Accounting Officer	Direct	Sale	20,605	250.02	$5,151,662.10	7,085	4
2023-12-06	Bernstein, Steven E	Director,Other	-	Direct	Sale	7,300	253.89	$1,853,397.00	2,903	4
2023-11-29	Ciarfella, Mark R	Officer	EVP - Operations	Direct	Sale	5,000	245.05	$1,225,250.00	29,005	4
2023-11-27	Stoops, Jeffrey	Director,Officer	Chief Executive Officer & Pres	Indirect	Sale	37,889	238.06	$9,019,855.34	0	4
2023-11-27	Koenig, Joshua	Officer	Executive VP/General Counsel	Direct	Sale	1,275	238.50	$304,087.50	5,181	4
2023-11-20	Krouse, George R Jr	Director	-	Direct	Sale	500	234.43	$117,215.00	8,001	4
2023-11-15	Stoops, Jeffrey	Director,Officer	Chief Executive Officer & Pres	Indirect	Sale	45,779	234.09	$10,716,406.11	37,889	4
2023-11-14	Beebe, Kevin L	Director	-	Direct	Sale	1,500	233.83	$350,745.00	13,313	4
2023-11-14	Stoops, Jeffrey	Director,Officer	Chief Executive Officer & Pres	Direct	Sale	78,971	231.94	$18,316,533.74	155,074	4
2023-11-10	Ciarfella, Mark R	Officer	EVP - Operations	Direct	Sale	1,000	217.62	$217,620.00	29,005	4
2023-08-11	Krouse, George R Jr	Director	-	Direct	Sale	371	229.30	$85,070.30	8,501	4
2022-08-15	Ciarfella, Mark R	Officer	EVP - Operations	Direct	Sale	8,213	355.50	$2,919,721.50	23,884	4
2022-08-10	Silberstein, Jason V	Officer	EVP - Site Leasing	Direct	Sale	16,464	350.68	$5,773,595.52	21,785	4
2022-08-09	Stoops, Jeffrey	Director,Officer	Chief Executive Officer & Pres	Direct	Sale	66,001	346.32	$22,857,466.32	255,457	4
2022-08-05	Ciarfella, Mark R	Officer	EVP - Operations	Direct	Sale	5,760	343.94	$1,981,094.40	23,884	4
2022-08-04	Cocroft, Duncan	Director	-	Direct	Sale	1,152	345.38	$397,798.32	64,592	4
2022-08-04	Krouse, George R Jr	Director	-	Direct	Sale	391	344.98	$134,887.18	8,500	4
2022-06-07	Ciarfella, Mark R	Officer	EVP - Operations	Direct	Sale	1,000	338.05	$338,050.00	23,884	4
2022-05-24	Stoops, Jeffrey	Director,Officer	Chief Executive Officer & Pres	Indirect	Sale	30,000	343.89	$10,316,700.00	83,668	4
2022-05-03	Beebe, Kevin L	Director	-	Direct	Sale	1,889	347.72	$656,843.08	14,813	4
Additional insider transactions are for subscribers only. Unlock the complete Form 4 filing history Start 7-day free trial

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Institutional Ownership

No data available for chart

2026-03-31

88.24%

Inst. Shares: 93,369,216

Shares Outstanding: 105,815,000

2025-12-31

91.31%

Inst. Shares: 97,886,440

Shares Outstanding: 107,207,000

2025-09-30

89.18%

Inst. Shares: 95,656,969

Shares Outstanding: 107,257,000

2025-06-30

90.17%

Inst. Shares: 96,961,611

Shares Outstanding: 107,531,000

2025-03-31

91.33%

Inst. Shares: 98,397,252

Shares Outstanding: 107,744,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	93,369,216	105,815,000	88.24%
2025-12-31	97,886,440	107,207,000	91.31%
2025-09-30	95,656,969	107,257,000	89.18%
2025-06-30	96,961,611	107,531,000	90.17%
2025-03-31	98,397,252	107,744,000	91.33%
2024-12-31	99,329,708	107,644,000	92.28%
2024-09-30	94,437,054	107,486,000	87.86%
2024-06-30	94,821,514	107,462,000	88.24%
2024-03-31	93,512,140	108,102,000	86.50%
2023-12-31	94,393,699	108,204,000	87.24%
2023-09-30	89,795,490	108,373,000	82.86%
2023-06-30	90,037,601	108,355,000	83.10%
Additional institutional holders are for subscribers only. Unlock the complete Form 13F ownership history Start 7-day free trial

SBA COMMUNICATIONS CORP (SBAC) — SEC Financial Statements & Analysis

SBA COMMUNICATIONS CORP (SBAC) is a real estate investment trusts company, incorporated in FL. SBA COMMUNICATIONS CORP trades on Nasdaq as: SBAC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), SBA COMMUNICATIONS CORP reported a 2.46% year-over-year revenue growth, a Gross Profit Margin of 93.26% (TTM), a Debt-to-Equity ratio of -3.52x, a Price-to-Sales (P/S) ratio of 6.64x (TTM), a Price-to-Book (P/B) ratio of -4.02x (TTM), at a market cap of $18.59B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 2.46%
Gross Profit Margin TTM: 93.26%
Debt To Equity: -3.52x
P/S TTM: 6.64x
P/B TTM: -4.02x
Market Cap: $18.59B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is SBA COMMUNICATIONS CORP in?

SBA COMMUNICATIONS CORP (SBAC) operates in the Real Estate Investment Trusts industry.

What is SBAC's market cap?

SBA COMMUNICATIONS CORP (SBAC) has a market capitalization of $18.59B as of 2026-06-30.

What is SBAC's P/E ratio?

SBA COMMUNICATIONS CORP (SBAC)'s trailing twelve month P/E ratio is 18.79x as of 2026-06-30.

What exchange does SBAC trade on?

SBA COMMUNICATIONS CORP (SBAC) trades on the Nasdaq.

Where is SBA COMMUNICATIONS CORP incorporated?

SBA COMMUNICATIONS CORP is incorporated in FL.