GROWTH
Top line accelerating.
+5.1% YoY versus −1.2% prior. 3y CAGR +2.2%.
+5.1%
SBA Communications Corporation SBAC
Real Estate · Market Cap: $21.7B
Live price unavailable
Fundamentals as of 2025-12-31
We use cookies
MainRatios uses cookies for essential site functions. With your consent, we also use analytics cookies including session replay sampling (PostHog, Google Analytics) and advertising cookies (Google AdSense). You can reject non-essential cookies, including the "sale" or sharing of personal information under CCPA, and you may withdraw consent at any time (GDPR). See our Privacy Policy for details.
Real Estate · Market Cap: $21.7B
Live price unavailable
Fundamentals as of 2025-12-31
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
The Question
Bottom line: SBAC is rated BUY by the 1 legendary model, but earns a C sector grade (51/100) in Real Estate. Use the per-tab analysis to form your own view. Drill into the valuation breakdown and sector ranking for the full picture.
SBA Communications Corporation's ROE and debt-to-equity are non-meaningful — large accumulated buybacks have driven stockholders' equity below zero, so the ratio denominators are uninterpretable. Operating margin and free cash flow are the better lenses here.
Financial story
SBA Communications Corporation's ROE and debt-to-equity are non-meaningful — large accumulated buybacks have driven stockholders' equity below zero, so the ratio denominators are uninterpretable. Operating margin and free cash flow are the better lenses here.
+5.1% YoY versus −1.2% prior. 3y CAGR +2.2%.
+5.1%Net margin 37.4% versus 28.0% prior (+9.5pp). Operating 48.7%.
37.4%P/E 21.9x — 40% below the 5y median of 36.3x. Forward 28.0x signals EPS contraction next year.
21.9xSBAC is in the Real Estate sector. Sector ranking and peer comparison are in the sector tab.
0 of 6 legendary investor models rate SBAC a BUY. Fair value estimates and full investor breakdown are in the valuation tab.
SBA Communications Corporation's fair value depends on which model you trust. See the per-investor fair-value table in the valuation tab.
SBAC trades at 20.8x earnings. Sector context and per-investor signals are in the valuation tab.
SBAC and EQR differ on P/E, ROE, and revenue growth. See the full SBAC vs EQR compare matrix.
Lynch evaluates SBAC against his respective frameworks. Per-model fair value and reasoning are in the valuation tab.
How does SBAC compare?
See exactly where SBAC ranks
Sign in to unlock the full sector ranking — free.
Sign in to see the rankingSBAC sits at #27 in Real Estate with a C grade (51/100).
