profit from every $100 of sales.
$0$100
SBA Communications
$186.57-1.82% today
-7.5% in 1 year
1-year low $158.021-year high $223.75
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $18.49 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What SBA Communications sold, what it kept, and what it did with the cash.
Sales went from $2.63 billion in 2022 to $2.82 billion in 2025, with $1.05 billion of profit last year.
SalesProfit
SBA Communications handed back 92% of the cash it generated last year.
Buybacks $498M$479M
Free cash flow 2025$1.1B
Bought back its own shares$498M
Paid as dividends$479M
Cash vs. debt$265M vs. $15.3B
SBA Communications vs. similar companies
SBA Communications grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| SBA Communications | 18.5× · Fair price | ||
 Equinix | 78.7× · Very expensive | ||
 American Tower | 34.8× · Expensive | ||
 Digital Realty | 54.0× · Expensive | ||
 Crown Castle | 85.9× · Very expensive |
AI analysis
An AI analyst reads SBA Communications's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,083 | 2,309 | 2,633 | 2,712 | 2,680 | 2,815 | |
| 1,607 | 1,763 | 1,965 | 2,099 | 2,098 | 2,124 | |
| – | – | 995 | 1,115 | 1,570 | 1,554 | |
| – | – | 1,633 | 1,701 | 1,470 | 2,011 | |
| 24 | 238 | 461 | 502 | 750 | 1,054 | |
| 0.21 | 2.14 | 4.22 | 4.61 | 6.94 | 9.80 | |
| 77.1% | 76.4% | 74.6% | 77.4% | 78.3% | 75.5% | |
| – | – | 37.8% | 41.1% | 58.6% | 55.2% | |
| 1.2% | 10.3% | 17.5% | 18.5% | 28.0% | 37.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 9,158 | 9,802 | 10,585 | 10,178 | 11,417 | 11,575 |
| Cash | 309 | 367 | 144 | 209 | 190 | 265 |
| Total debt | 13,188 | 14,282 | 15,171 | 14,463 | 15,756 | 15,319 |
| Total liabilities | – | – | 15,830 | 15,314 | 16,473 | 16,350 |
| -4,824 | -5,283 | -5,276 | -5,171 | -5,110 | -4,854 | |
| 113 | 111 | 109 | 109 | 108 | 108 | |
| – | – | 7.4% | 8.4% | 8.9% | 13.0% | |
| -0.5% | -4.5% | -8.7% | -9.7% | -14.7% | -21.7% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,126 | 1,190 | 1,286 | 1,544 | 1,335 | 1,291 | |
| 129 | 134 | 214 | 237 | 228 | 225 | |
| 997 | 1,056 | 1,071 | 1,308 | 1,107 | 1,067 | |
| Dividends paid | 208 | 254 | 307 | 370 | 424 | 479 |
| 859 | 583 | 432 | 100 | 200 | 498 | |
| 69 | 84 | 100 | 88 | 74 | 76 |
Valuation
- 18.5×
- 25.1×
- 0.16
- -4.6×
- 6.9×
- 18.3×
- 17.2×
- 5.5%
- 5.4%
- 2.2%
Profitability
- 75.5%
- 55.2%
- 37.4%
- 72.8%
- 10.0%
- 5.9%
- -20.9%
- 8.7%
- 16.2%
- –
Growth
- +6.2%
- +115.7%
- −3.6%
- +19.0%
- −0.9%
Financial health
- 7.3×
- -3.24
- 131.5%
- 3.6×
- 0.15
- 0.15
- 0.24
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 13%of 744
Top 31%of 750
Bottom 43%of 665
Bottom 47%of 760
Bottom 48%of 761
What analysts expect
- Average price target
- $232.80
- Range
- $205.00 – $260.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 1.74 | 1.94 | −10.3% |
| Feb 26, 2026 | 3.47 | 3.89 | −10.8% |
| Nov 3, 2025 | 3.32 | 3.04 | +9.2% |
| Aug 4, 2025 | 2.09 | 3.12 | −33.0% |
| Apr 28, 2025 | 1.77 | 3.12 | −43.3% |
| Feb 24, 2025 | 1.61 | 2.08 | −22.6% |
| Oct 28, 2024 | 2.40 | 2.27 | +5.7% |
| Jul 29, 2024 | 1.51 | 2.07 | −27.1% |
2.2%of the share price, paid each year
On $1,000 invested$22a year at today's yield, before tax
+19.0%2020 to 2025
Raised6 yearsin a row, in our data
Paid per share, each year
$0.74 in 2019 → $4.44 in 2025
How safe it looks
45.5% of its profit
Room to growStretchedMore than it earns: 44.9%
News
Sunrise Communications GAAP EPS of CHF 0.00, revenue of CHF 732M; reaffirms FY2026 outlookSeeking Alpha · Nov 11, 20263 out of 4 communications services stocks deliver EPS wins this week: Earnings ScorecardSeeking Alpha · Oct 31, 20265 out of 5 communications services stocks deliver EPS wins this week: Earnings ScorecardSeeking Alpha · Oct 24, 2026How Low Can Charter Communications Stock Go?Yahoo Finance · Oct 23, 2026Charter Communications CUM PFD SR A declares $0.4375 dividendSeeking Alpha · Sep 16, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
56No pass
Benjamin Graham
45No pass
Philip Fisher
63Pass
Peter Lynch
48No pass
Joel Greenblatt
45No pass
Charlie Munger
51No pass
Terry Smith
50No pass
Questions about SBA Communications
Is SBA Communications a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the SBA Communications AI analysis
What does SBA Communications do?
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. It is in REIT - Specialty, based in Boca Raton, FL, United States, with 1,844 employees.
Does SBA Communications pay a dividend?
Yes. At today's price the dividend is 2.2% a year, about 45% of its yearly profit. In 2025 it paid out $479 million in dividends.
Is SBA Communications stock halal?
No. SBA Communications does not pass our halal screen: its debt is 79% of its market value, at or above the 33% limit. How we check
How has SBA Communications stock done over the past year?
Down 7.5% over the past twelve months, to $186.57. It traded between $158.02 and $223.75 and is 16.6% below its high.
Who are SBA Communications's competitors?
The largest listed companies in the same industry are Equinix, American Tower, Digital Realty and Crown Castle. The peers table on this page compares their profit, growth and price with SBA Communications's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.