SBA Communications Corp (SBAC) stock
Close on Nov 11, 2026Market cap $20.16BP/E 20.5Yield –
SBA Communications Corp grew revenue 2.3% to $2.85B over the twelve months to Sep 30, 2026. Operating income fell 4.5% to $1.36B, moving the operating margin from 51.1% to 47.7%. Free cash flow was $1.05B, up 121.9% from a year earlier. At the latest close the market valued the company at $20.16B, 20.5 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $20.16B
- P/E ratio
- 20.5
- Price to sales
- 7.07
- Price to book
- –
- Dividend yield
- –
- Free cash flow yield
- 5.22%
Fundamentals
- Revenue
- $2.85B
- Net income
- $985.20M
- EPS, diluted
- $9.27
- Free cash flow
- $1.05B
- Book value per share
- -$45.76
- Diluted shares
- 106M
Trading
- Next earnings
- Feb 25, 2027 (estimated, during market hours)
- Previous close
- $191.43
- Open
- $190.43
- Day's range
- $189.66 – $191.93
- Volume
- 707,245
- Average volume (20 days)
- 1,235,674
- Index membership
- S&P 500, Russell 1000, Russell 3000
- Beta (5 years)
- 0.71
- 52-week range
- $156.60 – $224.46
- RSI (14 days)
- 57.6
- Volatility (1 year)
- 36.5%
- Relative volume
- 0.68×
- WACC
- 7.4%
Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2010, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | SBAC | S&P 500 | Difference | SBAC per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +4.1% | -2.4% | +6.5 pts | ||
| 3 months | +5.1% | -1.2% | +6.3 pts | ||
| Year to date | +0.2% | +12.3% | −12.1 pts | ||
| 1 year | -3.9% | +12.4% | −16.4 pts | ||
| 3 years | -7.7% | +78.8% | −86.5 pts | -2.6% | +21.4% |
| 5 years | -39.7% | +75.2% | −114.9 pts | -9.6% | +11.9% |
| 10 years | +111.9% | +311.1% | −199.2 pts | +7.8% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases SBA Communications filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About SBA Communications
Real Estate Investment Trusts
SBA Communications Corporation operates as an independent owner and operator of wireless communications infrastructure, structured as a real estate investment trust. The company conducts business through two core operational segments: site leasing and site development. Under its primary site leasing business, the company leases antenna space on multi-tenant tower structures and rooftop sites to wireless service providers and manages rooftop and tower sites for third-party property owners. The domestic site development segment provides end-to-end network planning, zoning assistance, site auditing, and infrastructure construction services to wireless carriers across the United States. Key customers include nationwide mobile network operators such as T-Mobile, AT&T Wireless, and Verizon Wireless, along with various regional and international carriers.
Company profile, executives and historySBA Communications stock: common questions
What is SBA Communications's stock price?
SBAC closed at $190.03 on Nov 11, 2026, down 0.73% on the day. Over the past 52 weeks it traded between $156.60 and $224.46.
What is SBA Communications's market cap?
SBA Communications was worth $20.16B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is SBAC's P/E ratio?
SBAC trades at 20.5 times earnings, based on diluted earnings per share of $9.27 over the twelve months to Sep 30, 2026.
How much revenue does SBA Communications make?
SBA Communications reported revenue of $2.85B for the twelve months to Sep 30, 2026, up 2.3% from a year earlier.
Does SBA Communications pay a dividend?
No. SBA Communications has not paid a cash dividend over the last twelve months.
When does SBA Communications report earnings next?
SBA Communications is expected to report Q4 FY2026 results on Feb 25, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.
How has SBAC stock performed over the past year?
Including dividends, SBAC returned -3.9% over the past year, against +12.4% for the S&P 500.
How many SBAC shares are sold short?
3M shares were sold short at the latest FINRA report, 3.20% of the float, or 2.7 days of average trading volume.
Who are SBA Communications's competitors?
Companies most similar to SBA Communications by business, industry and size include CCI, AMT, STWD, OUT, KIM.
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