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    S

    SBA Communications Corp (SBAC)

    Official site

    REAL ESTATE • REIT - SPECIALTY • NASDAQ

    $180.97
    -2.12 (-1.16%)

    Market Cap: $18.40B

    Last updated: Oct 22, 2026 at 4:25 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    49%(19/39)
    Avg Surprise
    -13.93%
    Streak
    4 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.09
    Range$1.80 - $2.21
    9 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$2.02+3.5%
    60d ago$2.01+3.6%
    30d ago$2.09-0.2%
    7d ago$2.090.0%
    Current$2.09
    Revenue Consensus
    $725M
    Range$716M - $733M
    16 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.99
    Range$1.57 - $2.23
    10 analysts
    Revenue Consensus
    $740M
    Range$724M - $750M
    19 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.99---
    Sep 26EST
    		-$2.09---
    Jun 26
    Reported Aug 3
    		$3.03$2.76+9.78%Beat+45.0%
    Mar 26
    Reported Apr 29
    		$1.74$1.74+0.00%Beat-1.7%
    Dec 25
    Reported Feb 26
    		$3.19$3.08+3.57%Beat+37.2%
    Sep 25
    Reported Nov 3
    		$2.20$2.16+1.85%Beat-2.2%
    Jun 25
    Reported Aug 4
    		$2.09$2.26-7.52%Miss-1.9%
    Mar 25
    Reported Apr 28
    		$1.77$2.32-23.71%Miss+4.7%
    Dec 24
    Reported Feb 24
    		$2.33$2.28+1.86%Beat+130.3%
    Sep 24
    Reported Oct 28
    		$2.25$2.35-4.26%Miss+106.4%
    Jun 24
    Reported Jul 29
    		$2.13$2.32-8.19%Miss+31.5%
    Mar 24
    Reported Apr 29
    		$1.69$1.36+24.26%Beat+148.5%
    Dec 23
    Reported Feb 26
    		$1.01$1.37-26.28%Miss+7.4%
    Sep 23
    Reported Nov 2
    		$1.09N/A-51.34%Miss-5.2%
    Jun 23
    Reported Jul 31
    		$1.62$1.30+24.62%Beat+57.3%
    Mar 23
    Reported May 1
    		$0.68$1.09-37.61%Miss-35.8%
    Dec 22
    Reported Feb 21
    		$0.94$1.09-13.76%Miss+113.6%
    Sep 22
    Reported Oct 31
    		$1.15$1.03+11.65%Beat+38.6%
    Jun 22
    Reported Aug 1
    		$1.03$0.96+7.29%Beat+43.1%
    Mar 22
    Reported Apr 25
    		$1.06$1.02+3.92%Beat+135.6%
    Dec 21
    Reported Feb 28
    		$0.44$0.69-36.23%Miss-53.2%
    Sep 21
    Reported Nov 1
    		$0.83$0.95-12.63%Miss+315.0%
    Jun 21
    Reported Aug 2
    		$0.72$0.73-1.37%Miss+260.0%
    Mar 21
    Reported Apr 26
    		$0.45$0.35+28.57%Beat+95.7%
    Dec 20
    Reported Feb 22
    		$0.94$0.52+80.77%Beat+59.3%
    Sep 20
    Reported Nov 2
    		$0.20N/A-58.33%Miss+5.3%
    Jun 20
    Reported Aug 3
    		$0.20$0.27-25.93%Miss-28.6%
    Mar 20
    Reported May 5
    		$0.23$0.40-42.50%Miss+0.0%
    Dec 19
    Reported Feb 20
    		$0.59$0.39+51.28%Beat+18.0%
    Sep 19
    Reported Oct 28
    		$0.19$0.33-42.42%Miss+35.7%
    Jun 19
    Reported Jul 29
    		$0.28$0.22+27.27%Beat+156.0%
    Mar 19
    Reported Apr 29
    		$0.23$0.22+4.55%Beat-14.8%
    Dec 18
    Reported Feb 21
    		$0.50$0.44+13.64%Beat+733.3%
    Sep 18
    Reported Nov 5
    		$0.14$0.24-41.67%Miss-65.9%
    Jun 18
    Reported Jul 30
    		$-0.50$0.17-394.12%Miss-725.0%
    Mar 18
    Reported Apr 30
    		$0.27$0.20+35.00%Beat-12.9%
    Dec 17
    Reported Feb 26
    		$0.06N/A-66.67%Miss+50.0%
    Sep 17
    Reported Oct 30
    		$0.41$0.23+78.26%Beat-
    Jun 17
    Reported Jul 31
    		$0.08N/A-60.00%Miss-
    Mar 17
    Reported May 1
    		$0.31$0.19+63.16%Beat-
    Dec 16
    Reported Feb 27
    		$0.04N/A-60.00%Miss-

    Dividends

    Dividend Metrics

    Forward Yield2.76%
    Forward Annual Dividend$5.00
    Payout Ratio40.14%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+16.06%
    5Y CAGR+19.01%
    SBAC dividend history and ex-dividend datesRun SBAC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio17.81EV/EBITDA15.89x
    Price/FCF18.27xFCF Yield5.47%
    Profitability
    Profit Margin34.50%Operating Margin52.20%
    ROE0.00%ROIC17.19%
    Financial Health
    Debt/Equity-2.75xInterest Coverage658.71x
    Current Ratio0.17xQuick Ratio0.17x
    Trading Statistics
    Beta0.99Avg Volume975.96K
    52-Week High$221.5852-Week Low$156.60

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$180.45
    SMA 20$172.09
    SMA 50$179.22
    SMA 200$188.89
    EMA 10$179.80
    EMA 20$177.33
    EMA 50$178.53
    EMA 200$188.32

    MACD

    Line: 1.85Signal: -0.18Hist: 2.03

    ADX

    ADX: 29.6+DI: 29.0-DI: 15.3

    Aroon & PSAR

    Aroon Up92.0
    Aroon Down56.0
    PSAR$170.80

    Bollinger Bands

    Upper Band$191.90
    Lower Band$152.28
    %B Position2302%(Upper)
    Band Width0.72

    RSI (14-Day)

    Neutral
    55.1

    Momentum Oscillators

    Stoch %K85.8
    Stoch %D88.8
    Williams %R-22.8
    ROC (10d)6.6%
    Momentum11.27
    CCI (20d)79.7
    MFI (14d)61.7

    Volatility Measures

    ATR (14d)$5.74(3.2%)
    StdDev (20d)9.91
    Hist Vol39.9%(Moderate)

    Volume Flow

    VWAP$182.35
    OBV-38.5M
    AD Line-280.7M
    CMF (20d)0.021

    Volume Metrics

    Avg Vol (20d)994.3K
    Vol Ratio1.1x
    VWMA (20d)$172.81

    Pivot Points

    R3$190.74
    R2$188.62
    R1$185.86
    Pivot Point$183.74
    S1$180.98
    S2$178.86
    S3$176.10

    Advanced Oscillators

    TSI8.96
    Ultimate Osc55.4
    KST-6.90

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$715.27M$703.44M$719.58M$732.33M$698.98M$664.25M$693.70M$667.60M$660.48M$657.86M$675.02M$682.54M
    Cost of Revenue$176.00M$171.34M$175.42M$189.79M$172.10M$153.67M$152.13M$150.34M$141.27M$137.99M$144.30M$149.77M
    Gross Profit$539.27M$532.10M$544.16M$542.54M$526.88M$510.58M$541.57M$517.26M$519.21M$519.87M$530.73M$532.77M
    Operating Expenses$187.41M$189.25M$245.24M$168.37M$192.10M$175.67M$159.23M$141.66M$164.74M$196.51M$321.04M$284.17M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$77.55M$70.55M$74.36M$66.01M$71.02M$66.22M$67.59M$60.09M$62.38M$68.70M$67.52M$64.82M
    Operating Income$351.86M$342.85M$298.93M$374.17M$334.78M$334.91M$382.34M$375.60M$354.47M$323.36M$209.69M$248.60M
    Interest Income$-122,123,000$-123,322,000$-116,726,000$-114,637,000$-111,503,000$-93,368,000$-89,544,000$-88,712,000$-90,484,000$-89,076,000$-92,997,000$-94,056,000
    Interest Expense$2.49M$772,000$-1,291,000$567,000$1.23M$8.35M$4.95M$7.19M$7.08M$8.44M$6.21M$7.90M
    Income Before Tax$232.47M$236.01M$432.28M$289.08M$260.75M$259.93M$155.87M$298.21M$147.12M$171.47M$138.43M$93.22M
    Income Tax Expense$35.99M$51.11M$61.85M$48.65M$35.06M$42.02M$-22,917,000$42.32M$-12,337,000$16.93M$28.90M$7.86M
    Net Income$196.47M$184.90M$370.43M$240.43M$225.69M$217.91M$178.79M$255.89M$159.45M$154.54M$109.53M$85.36M
    EBITDA$438.44M$441.42M$628.10M$481.17M$443.45M$426.69M$315.44M$457.63M$308.86M$345.74M$409.04M$375.85M
    EBIT$357.07M$360.11M$547.71M$404.29M$373.49M$361.64M$250.36M$394.11M$244.68M$268.99M$237.64M$195.18M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $142655
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    6
    New Awards (TTM)
    4
    Avg Remaining Term
    7.6 mo

    Top agency: Department of Homeland Security at 35.4% of trailing twelve month obligations across 3 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    19AQMM26P0079Department of StateDepartment of State$43848Jan 1, 2026
    70US0925C70094162Department of Homeland SecurityU.S. Secret Service$35244Oct 1, 2025
    70US0925C70094148Department of Homeland SecurityU.S. Secret Service$15310Oct 1, 2025
    15DDB026P00000002Department of JusticeDrug Enforcement Administration$13661Nov 1, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    American Tower director Clarke acquires $63,717 in shares

    Teresa Hillary Clarke, a director at American Tower Corp. (NYSE:AMT), has acquired common stock totaling $63,717 through a series of transactions between April 2023 and October 2026. The acquisitions...

    Investing.com•10/22/26•Neutral

    Form 4 SBA Communications Corp: Marc Montagner (EVP - CHIEF FINANCIAL OFFICER) For: 17 October

    This article reports on a Form 4 filing for SBA Communications Corp concerning Marc Montagner, the EVP and Chief Financial Officer...

    Investing.com Nigeria•10/20/26•Neutral

    Form 4 SBA Communications Corp: Marc Montagner (EVP - CHIEF FINANCIAL OFFICER) For: 17 October

    This article reports on a Form 4 filing for SBA Communications Corp, specifically detailing a transaction involving Marc Montagner, the company's Executive Vice President and Chief Financial Officer...

    Investing.com Australia•10/20/26•Neutral

    Form 4 SBA Communications Corp: Marc Montagner (EVP - CHIEF FINANCIAL OFFICER) For: 17 October

    This article reports on a Form 4 filing for SBA Communications Corp, detailing an insider transaction by Marc Montagner, EVP - Chief Financial Officer...

    Investing.com Canada•10/20/26•Neutral

    SBA Communications Corp. stock underperforms Tuesday when compared to competitors

    Shares of SBA Communications Corp. (SBAC) fell 1.16% on Tuesday, underperforming the broader stock market, which saw gains in the S&P 500 and Dow Jones Industrial Average. This marks the second consecutive day of losses...

    MarketWatch•10/20/26•Bearish

    SBAC Valuation and Fair Value

    P/E
    17.8x
    Forward P/E
    19.4x
    EV/EBITDA
    15.9x
    P/FCF
    18.3x
    PEG
    10.8x
    P/B
    -4.1x
    See GNG's fair value

    SBAC Profitability: Margins, ROIC and FCF

    Gross margin
    75.2%
    Operating margin
    52.2%
    Net margin
    34.5%
    ROIC
    17.2%
    ROE
    0.0%
    FCF yield
    5.5%

    SBAC Competitors

    CompanyTicker
    Essex Property Trust IncESS
    Host Hotels & Resorts IncHST
    Equity ResidentialEQR
    Invitation Homes IncINVH
    VICI Properties IncVICI
    Lamar Advertising CompanyLAMR
    AvalonBay Communities IncAVB
    Kimco Realty CorporationKIM

    Sector: Real Estate

    SBAC Analyst Ratings

    Consensus
    Buy
    Analysts
    21
    Strong Buy
    3
    Buy
    8
    Hold
    10
    Sell
    0
    Strong Sell
    0

    SBAC Bull Case vs Bear Case

    Bull case

    • SBAC earns a 17.2% return on invested capital.
    • SBAC has a 34.5% net profit margin.

    SBAC Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -2.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.09
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    SBAC Dividend

    Forward yield
    2.8%
    Payout ratio
    40.1%
    3Y DPS growth
    16.1%
    5Y DPS growth
    19.0%
    Pay months
    Mar, Jun, Sep, Dec
    SBAC dividend history

    Frequently Asked Questions About SBAC

    What is SBAC's current dividend yield?

    SBA Communications Corp (SBAC) has a forward dividend yield of 2.76%.

    Does SBAC pay dividends?

    Yes, SBA Communications Corp pays dividends with a forward dividend yield of 2.76%.

    What is SBAC's P/E ratio?

    SBA Communications Corp has a price-to-earnings (P/E) ratio of 17.81.

    What is SBAC's market cap?

    SBA Communications Corp (SBAC) has a market capitalization of $18.40B with a current stock price of $180.97.

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