# SBA Communications share price today (SBA Communications Corporation, SBAC)

> SBA Communications Corporation's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. SBAC · Real Estate · REIT - Specialty · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/sbac

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $184.69 (−3.5% in a year)
- P/E: 19.9× (lower than 91% of the last 4.6 years)
- Revenue (Jun 2026): $715 M (+2.3% on a year ago)
- Profit (Jun 2026): $199 M (−12.0% on a year ago)
- Operating margin: 52.2% (−2.0 points on a year ago)
- ROE: −22%, FY25
- ROIC: 9.1%, against a 6.8% cost of capital: +2.3 points

The main question: yearly earnings per share moved +41.2% while the share price moved −3.5%. ## What is the SBA Communications share price today? SBA Communications Corporation's share price was $184.69 at the close on 3 November 2026. It has been falling for 21 weeks. That is 2.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between $158 and $224, and at that close it sat 40% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 3 weeks in a row. Over the last 10 years the share price moved +61% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does SBA Communications pay? SBA Communications Corporation paid $4.72 per share over the last four reported quarters. The most recent declaration was $1.25 for Jun 2026. At today's price of $184.69 that is a yield of 2.56%, based on dividends already paid, not a forecast. ## Which stock lists is SBA Communications on? SBA Communications is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is SBA Communications profitable? SBA Communications Corporation earned $199 M of net profit in the Jun 2026 quarter, −12.0% on the same quarter a year earlier. Full-year FY25 profit was $1.1 B. Over 4 years profit has grown 45.1% a year on average. That is 27.8% of the quarter's revenue. The same quarter a year earlier earned $226 M. For the full year, FY25 profit was $1.1 B (+40.6% on the year before). Why profit moved: revenue changed +2.3% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +19.1% and revenue +5.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does SBA Communications make, and is it growing? SBA Communications Corporation reported $715 M of revenue in the Jun 2026 quarter, +2.3% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 4 years it has grown 5.1% a year on average. The last full year, FY25, came in at $2.8 B. The last four reported quarters add to $2.9 B. Recent pace: the last four quarters grew +5.4% on average, against 5.1% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +5.4%, against +3.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +12.7%, against +38.8% a year (rolling over). ## How much of every $100 of sales does SBA Communications keep? SBA Communications Corporation's operating margin was 52.2% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 5 years it has been between 35.2% and 56.9%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is SBA Communications' profit turning into cash? Over the last 3 years, 181% of SBA Communications Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.3 B of operating cash against $1.1 B of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does SBA Communications' cash go? SBA Communications Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is SBA Communications' P/E ratio, and how does it compare with its own history? SBA Communications Corporation's P/E is 19.9×, near the low end of its own history: it has been lower only 9% of the time. Its usual P/E (the middle reading) is 39.1×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +41.2% while the price moved −3.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −6.7% a year; about +26.8% a year came from earnings growth and about −33.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the SBA Communications business getting better or worse? SBA Communications Corporation's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +49.4% at its peak to +12.7%, but the business is still expanding. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does SBA Communications earn on its capital? SBA Communications Corporation earned a ROE of −22% in FY25. Its return on capital used (ROIC) is 2.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 37.4% net margin and 0.24× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 37.4% net margin × 0.24× asset turnover × −2.42× leverage (assets divided by equity) ≈ −21.7% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 9.1% − 6.8% = +2.3 percentage points. The 6.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does SBA Communications have too much debt? SBA Communications Corporation's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −2.76 in FY21 to −3.21 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the SBA Communications shareholding pattern? 3.2% of SBA Communications Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is SBA Communications from balance-sheet trouble? For SBA Communications Corporation, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does SBA Communications rank in its industry? 53.0 out of 100, rank 9 of 17 in REIT - Specialty, with 54% of the evidence available. SBA Communications Corporation scores 53.0 out of 100 against the 17 companies it is compared with in REIT - Specialty, ranking 9. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 12.8 + 17.6 + 9.8 + 12.8 = 53. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is SBA Communications compared with? SBA Communications ranks 9 of 17 REIT - Specialty companies on the 4-Factor Sector Score, with 53.0 out of 100. 1. [American Tower Corporation](https://www.sectoralpha.in/us/stocks/amt) AMT · breaking out · Most evidence points up · 76% evidence 67.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 6.7% · Profit 100% · 71% evidence Capital efficiency 18.7/25 · ROA 5% · ROE 34.3% · GNPA n/a · 68% evidence Valuation 9.5/20 · P/BV 7.43× · P/BV÷ROE 0.22 · 70% evidence Relative strength 15.8/20 · Lead over its industry 15.3% · Lead over S&P 500 -0.2% · 1 year 5.2% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23 + 18.7 + 9.5 + 15.8 = 67 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Gaming and Leisure Properties, Inc.](https://www.sectoralpha.in/us/stocks/glpi) GLPI · basing · Evidence leans up · 76% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Income 5.8% · Profit 34.8% · 71% evidence Capital efficiency 19.7/25 · ROA 6.2% · ROE 19.1% · GNPA n/a · 68% evidence Valuation 14.3/20 · P/BV 2.35× · P/BV÷ROE 0.12 · 70% evidence Relative strength 6.9/20 · Lead over its industry -2.7% · Lead over S&P 500 -16% · 1 year -12.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 19.7 + 14.3 + 6.9 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OUTFRONT Media Inc.](https://www.sectoralpha.in/us/stocks/out) OUT · turning · Evidence leans up · 76% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Income 7.7% · Profit 100% · 71% evidence Capital efficiency 13.2/25 · ROA 2.7% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 4.5/20 · P/BV 8.01× · P/BV÷ROE 0.74 · 70% evidence Relative strength 18.6/20 · Lead over its industry 24.8% · Lead over S&P 500 8.2% · 1 year 60.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 26.6 + 13.2 + 4.5 + 18.6 = 62.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) CCI · turning · Too little evidence to rank firmly · 57% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Income -5.3% · Profit n/a · 52% evidence Capital efficiency 18.4/25 · ROA 4.5% · ROE 47.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV -8.28× · P/BV÷ROE n/a · 10% evidence Relative strength 15.1/20 · Lead over its industry 13.1% · Lead over S&P 500 -2.2% · 1 year -3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.9 + 18.4 + 10.9 + 15.1 = 62.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [EPR Properties](https://www.sectoralpha.in/us/stocks/epr) EPR · quiet · Evidence leans up · 76% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 5.4% · Profit 52.9% · 71% evidence Capital efficiency 15.3/25 · ROA 4% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 12.0/20 · P/BV 1.92× · P/BV÷ROE 0.18 · 70% evidence Relative strength 16.3/20 · Lead over its industry 16.2% · Lead over S&P 500 0.7% · 1 year 16.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.5 + 15.3 + 12 + 16.3 = 61.1 · What this means: Relative strength against the index is 0.7%, and revenue and profit growth are weak. 6. [Equinix, Inc.](https://www.sectoralpha.in/us/stocks/eqix) EQIX · quiet · Evidence leans up · 76% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Income 10.9% · Profit 54.2% · 71% evidence Capital efficiency 15.6/25 · ROA 3.7% · ROE 11.7% · GNPA n/a · 68% evidence Valuation 5.3/20 · P/BV 7.14× · P/BV÷ROE 0.61 · 70% evidence Relative strength 14.5/20 · Lead over its industry 15.8% · Lead over S&P 500 0.2% · 1 year 23% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 15.6 + 5.3 + 14.5 = 58.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Iron Mountain Incorporated](https://www.sectoralpha.in/us/stocks/irm) IRM · quiet · Too little evidence to rank firmly · 55% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Income 17.4% · Profit 100% · 45% evidence Capital efficiency 12.2/25 · ROA 4.8% · ROE -1330.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV -42.14× · P/BV÷ROE n/a · 10% evidence Relative strength 16.2/20 · Lead over its industry 17.2% · Lead over S&P 500 1.5% · 1 year 12.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.3 + 12.2 + 9.8 + 16.2 = 58.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) LAMR · quiet · Evidence leans up · 76% evidence 58.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Income 4.1% · Profit 26.6% · 71% evidence Capital efficiency 19.0/25 · ROA 4.8% · ROE 40.6% · GNPA n/a · 68% evidence Valuation 5.5/20 · P/BV 15.9× · P/BV÷ROE 0.39 · 70% evidence Relative strength 17.7/20 · Lead over its industry 21.1% · Lead over S&P 500 5.1% · 1 year 24.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 19 + 5.5 + 17.7 = 58.4 · What this means: Relative strength against the index is 5.1%, and revenue and profit growth are weak. 9. SBA Communications Corporation this page SBAC · turning · Too little evidence to rank firmly · 54% evidence 53.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 5.3% · Profit 12.6% · 62% evidence Capital efficiency 17.6/25 · ROA 7.9% · ROE n/a · GNPA n/a · 42% evidence Valuation 9.8/20 · P/BV -4.12× · P/BV÷ROE n/a · 10% evidence Relative strength 12.8/20 · Lead over its industry 6.1% · Lead over S&P 500 -8.3% · 1 year -6.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.8 + 17.6 + 9.8 + 12.8 = 53 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) DLR · quiet · Evidence leans down · 76% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Income 18.8% · Profit -43.5% · 71% evidence Capital efficiency 10.8/25 · ROA 1.4% · ROE 2.8% · GNPA n/a · 68% evidence Valuation 4.4/20 · P/BV 2.17× · P/BV÷ROE 0.78 · 70% evidence Relative strength 11.6/20 · Lead over its industry 11.1% · Lead over S&P 500 -3.8% · 1 year 6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 10.8 + 4.4 + 11.6 = 43.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rayonier Inc.](https://www.sectoralpha.in/us/stocks/ryn) RYN · basing · Evidence leans down · 64% evidence 42.4 out of 100 Growth Capital Valuation Relative
12. [Weyerhaeuser Company](https://www.sectoralpha.in/us/stocks/wy) WY · basing · Evidence leans down · 76% evidence 41.1 out of 100 Growth Capital Valuation Relative
13. [Uniti Group Inc.](https://www.sectoralpha.in/us/stocks/unit) UNIT · quiet · Too little evidence to rank firmly · 52% evidence 37.6 out of 100 Growth Capital Valuation Relative
14. [Gladstone Land Corporation](https://www.sectoralpha.in/us/stocks/land) LAND · quiet · Too little evidence to rank firmly · 55% evidence 35.8 out of 100 Growth Capital Valuation Relative
15. [Farmland Partners Inc.](https://www.sectoralpha.in/us/stocks/fpi) FPI · quiet · Most evidence points down · 76% evidence 25.7 out of 100 Growth Capital Valuation Relative
16. Blackstone Digital Infrastructure Trust Inc. BXDC · quiet · Too little evidence to rank firmly · 0% evidence 50.0 out of 100 Growth Capital Valuation Relative
17. Fermi Inc. FRMI · quiet · Too little evidence to rank firmly · 33% evidence 34.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Specialty](https://www.sectoralpha.in/us/sectors/reit-specialty), all 17 compared on one page. ## Which companies are close to SBA Communications in size? SBA Communications is the 6th largest of 15 REIT - Specialty companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Digital Realty Trust, Inc., Crown Castle Inc. and Iron Mountain Incorporated. Just below it: Lamar Advertising Company, Weyerhaeuser Company and Gaming and Leisure Properties, Inc. ### REIT - Specialty companies close in size

1. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) $69.4 billion
2. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) $36.9 billion
3. [Iron Mountain Incorporated](https://www.sectoralpha.in/us/stocks/irm) $34.7 billion
4. SBA Communications Corporation $19.6 billion
5. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) $15.9 billion
6. [Weyerhaeuser Company](https://www.sectoralpha.in/us/stocks/wy) $14.8 billion
7. [Gaming and Leisure Properties, Inc.](https://www.sectoralpha.in/us/stocks/glpi) $11.7 billion

[All 15 REIT - Specialty companies, largest first](https://www.sectoralpha.in/us/sectors/reit-specialty#all-companies)

### Companies close in size in other industries

1. [Fortive Corporation](https://www.sectoralpha.in/us/stocks/ftv) $19.9 billion · Scientific & Technical Instruments
2. [NRG Energy, Inc.](https://www.sectoralpha.in/us/stocks/nrg) $19.9 billion · Utilities - Independent Power Producers
3. SBA Communications Corporation $19.6 billion
4. [First Solar, Inc.](https://www.sectoralpha.in/us/stocks/fslr) $19.6 billion · Solar
5. [International Paper Company](https://www.sectoralpha.in/us/stocks/ip) $19.4 billion · Packaging & Containers

## What else do people ask about SBA Communications? ### What were SBA Communications's latest quarterly results? SBA Communications Corporation reported revenue of $715 M and net profit of $199 M for the Jun 2026 quarter. Revenue rose 2.3% and profit fell 12.0% compared with a year earlier. Earnings per share were $1.87. The operating margin was 52.2%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is SBA Communications's market cap? SBA Communications Corporation's market capitalisation is $19.6 B at a stock price of $184.69. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is SBA Communications performing? SBA Communications Corporation's share price has been falling for 21 weeks. In its latest quarter, revenue rose 2.3% and profit fell 12.0% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 3 weeks running (as of 3 November 2026). ### Will SBA Communications's stock price go up? This page does not forecast SBA Communications Corporation's stock price. What it shows instead: the stock price is $184.69, and it has been falling for 21 weeks. Its P/E of 19.9× is higher than 9% of its own last 5 years (as of 3 November 2026). ### Is SBA Communications's profit real cash? Yes, over the last 3 years, 181% of SBA Communications Corporation's reported profit came in as cash from operations. The latest year was lower at 123%, so the trend is worth watching. In FY25, operating cash was $1.3 B against reported profit of $1.1 B. Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 3 November 2026). ### Where is SBA Communications in its business cycle? SBA Communications Corporation's FY25 operating margin was 53.9%, against a 5-year range of 35.2% to 56.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 52.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the SBA Communications story? The main question: yearly earnings per share moved +41.2% while the share price moved −3.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is SBA Communications a stock worth studying right now? What the numbers show: SBA Communications Corporation's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks

This is research, not advice. We’re not SEBI-registered.