Score Your Stock

US stock · figures in US dollars · scored on full-year results

SBA Communications SBA Communications Corporation

SBAC · REIT · REIT - Specialty
Top 32% of scored stocks
OkayTop 32% of scored stocks

SBA Communications scores 60/100 on fundamentals: in the top 32% of 503 scored S&P 500 stocks. Its strongest area is Financial Safety (100/100); its weakest is Cash & Dividends (40/100).

Best
Financial 100
Weakest
Cash 40

A financially strong stock, but cash & dividends needs attention.

What looks good
What to watch
Mkt capUS$ 19.9b#405 of 503 in the S&P 500EPSUS$ 9.27P/E20×✓ vs sector median 31.1×P/Bn/m (negative equity)Div yield3%✓ Top 25% in the S&P 50052w range · 45% of range156.60224.46
as of 31 Oct 2026

Nearby peers

Ranks #10 of 28 in REIT by score

#1Federal Realty Investment Trust74#8Prologis64#9Invitation Homes61
#10SBA Communications60
#11Extra Space Storage59#12Kimco Realty59

One-Minute Summary

Why SBA Communications scores 60

A financially strong stock, but cash & dividends needs attention.

What looks good
What to watch

Business Strength

70
Why 70?
Pillar score: (0 + 1 + 2 + 2 + 2) = 7 of 10 points → 70
Return on Equity (ROE)n/m (negative equity)Weak4-Year Revenue Growth+2%/yrOkay4-Year Profit Growth+25%/yrStrongNet Profit Margin35%StrongQuarterly Momentum+5%Strong
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +97.4%Equity ↑ +10.5%
Net ProfitEquityROE %
502m750m1.1b991m-5.2b-5.1b-4.9b-4.6b202320242025TTM

Revenue & Net Profit, with Net Margin

Revenue ↑ +5.9%Net Profit ↑ +97.4%Net Margin % 34.5%
RevenueNet ProfitNet Margin %
2.7b2.7b2.8b2.9b502m750m1.1b991m202320242025TTM18.5%28%37.4%34.5%

Sales have been roughly flat for 4 years: the business isn't really growing, just maintaining.

Profit climbed about 97.4% over 4 years: the business keeps more money as it grows.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↑ +7.1%Net Profit ↓ -23.1%Net Margin % 27.8%
RevenueNet ProfitNet Margin %
668m694m664m699m732m720m703m715m259m174m221m226m237m370m185m199mQ3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'2638.7%25%33.2%32.3%32.3%51.5%26.3%27.8%
▲▲▲▲▼▲▼▼

Sales have stayed roughly flat over the last 8 quarters.

Profit fell about 23.1% over the last 8 quarters.

Why 100?
Pillar score: (2 + 2) = 4 of 4 points → 100 · 1 N/A skipped
Debt-to-Equity-3.3×StrongInterest Coverage3.4×Strong

Not used for REITs: Current Ratio

Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +5.2%Equity ↑ +10.5%
Total DebtEquityD/E
14.5b15.8b15.3b15.2b-5.2b-5.1b-4.9b-4.6b202320242025TTM

Borrowings have stayed roughly level: manageable, as long as profits stay healthy.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +53.8%Current Liabilities ↑ +218.1%Current Ratio 0.2×
Current AssetsCurrent LiabilitiesCurrent Ratio
484m2.0b773m745m1.4b1.8b2.7b4.3b202320242025TTM0.4×1.1×0.3×0.2×
Why 40?
Pillar score: (0 + 1 + 2 + 1 + 0) = 4 of 10 points → 40
Dividend Quality3%WeakOperating Cash FlowPositive but bumpyOkayFree Cash FlowPositive & growingStrongCash & Cash EquivalentsPartly healthyOkayDividend Payout Ratio51%Weak
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↓ -16.8%Free CF ↓ -19.7%
Operating CFFree CF
1.5b1.3b1.3b1.3b1.3b1.1b1.1b1.1b202320242025TTM

Cash keeps coming in, though unevenly: fine, but worth keeping an eye on.

Cash vs Total Debt

Cash ↑ +56.9%Short-Term Debt ↑ +456.5%Total Debt ↑ +5.2%
CashShort-Term DebtTotal Debt
209m190m265m327m643m1.2b1.9b3.6b14.5b15.8b15.3b15.2b202320242025TTM

Dividends per Share, with Yield

DPS (cents) ↑ +56.3%Yield % 2.6%
DPS (cents)Yield %
7171859811111111128434039244420222023202420251%1.5%1.9%2.6%

Dividends per share have been maintained or raised: management shares the rewards with you.

Why 50?
Pillar score: (1 + 0 + 2) = 3 of 6 points → 50
P/E Ratio20×OkayP/B Ration/m (negative equity)WeakPEG Ratio0.8Strong
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 220.88US$ 189.69US$ 158.49Oct '25Feb '26Jun '26Oct '26

The share price has been roughly flat over the past year.

Why 60?
Pillar score: (2 + 1 + 2 + 1 + 0) = 6 of 10 points → 60 · 1 N/A skipped
Earnings ConsistencySteadyStrongDebt Trend (4yr)StableOkayShare Count Trend (4yr)-1%/yrStrongAsset Turnover Trend (4yr)-8.2%OkayQuarterly Consistency3 of 4 quarters downWeak

No data: Inventory vs Sales (4yr)

Ranks #10 of 28 in REIT by score

Sector peers

#1Federal Realty Investment Trust74#8Prologis64#9Invitation Homes61
#10SBA Communications (you)60
#11Extra Space Storage59#12Kimco Realty59

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDividend Payout RatioDiv yieldP/E RatioP/B RatioPEG Ratio
2026US$ 2.9bUS$ 990.7mUS$ 1.3bUS$ 1.1bUS$ -233.6mUS$ 327.1mUS$ 15.2bUS$ 3.6bUS$ -4.6bUS$ 744.8mUS$ 4.3bUS$ 11.7bUS$ 16.3b--21%35%-3.3×0.2×3.4×51%----
2025US$ 2.8bUS$ 1.1bUS$ 1.3bUS$ 1.1bUS$ -224.8mUS$ 264.6mUS$ 15.3bUS$ 1.9bUS$ -4.9bUS$ 773.4mUS$ 2.7bUS$ 11.6bUS$ 16.4bUS$ 444.0m-22%37%-3.2×0.3×3.6×45%2%18.9×-4.1×0.6
2024US$ 2.7bUS$ 749.5mUS$ 1.3bUS$ 1.1bUS$ -228.1mUS$ 189.8mUS$ 15.8bUS$ 1.2bUS$ -5.1bUS$ 2.0bUS$ 1.8bUS$ 11.4bUS$ 16.5bUS$ 392.0m-15%28%-3.1×1.1×2.8×57%2%27.8×-4.1×1.0
2023US$ 2.7bUS$ 501.8mUS$ 1.5bUS$ 1.3bUS$ -236.7mUS$ 208.5mUS$ 14.5bUS$ 643.1mUS$ -5.2bUS$ 484.3mUS$ 1.4bUS$ 10.2bUS$ 15.3bUS$ 340.0m-10%19%-2.8×0.4×2.3×74%1%51.5×-5.0×5.9