← SBA COMMUNICATIONS CORP SBAC
Market Price
$185.24
Market Cap
$19.74B
P/E Ratio
18.90
Revenue (FY 2025)
↑59.9% YoY
$244.50M
3-Yr CAGR: -6.3%
Net Income
↑40.6% YoY
$1.05B
Net Margin: 430.9%
Free Cash Flow
↓-3.6% YoY
$1.07B
FCF Yield: 5.40%
EPS (Diluted)
↑41.2% YoY
$9.80
Basic: $9.83
Return on Equity
Efficiency
N/A
ROA: 743.8%
⚡ N/A due to negative equity (share buybacks or other)
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (SBAC)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $1,633.1M | — | $1,212.2M | $76.2M | — | $0.61 | — | $742.5M | $602.5M | — |
| FY 2017 | $1,727.7M | +5.8% | $1,281.4M | $103.7M | +36.0% | $0.86 | +41.0% | $818.5M | $671.4M | +11.4% |
| FY 2018 | $1,865.7M | +8.0% | $1,396.9M | $47.5M | -54.2% | $0.41 | -52.3% | $850.6M | $700.8M | +4.4% |
| FY 2019 | $153.8M | -91.8% | $34.7M | $147.0M | +209.8% | $1.28 | +212.2% | $970.0M | $815.8M | +16.4% |
| FY 2020 | $128.7M | -16.3% | $25.9M | $24.1M | -83.6% | $0.21 | -83.6% | $1,126.0M | $997.5M | +22.3% |
| FY 2021 | $204.7M | +59.1% | $45.7M | $237.6M | +885.8% | $2.14 | +919.0% | $1,189.9M | $1,056.2M | +5.9% |
| FY 2022 | $296.9M | +45.0% | $73.9M | $461.4M | +94.2% | $4.22 | +97.2% | $1,285.7M | $1,071.3M | +1.4% |
| FY 2023 | $194.6M | -34.4% | $54.7M | $501.8M | +8.8% | $4.61 | +9.2% | $1,544.4M | $1,307.7M | +22.1% |
| FY 2024 | $152.9M | -21.5% | $34.1M | $749.5M | +49.4% | $6.94 | +50.5% | $1,334.9M | $1,106.7M | -15.4% |
| FY 2025 | $244.5M | +59.9% | $45.5M | $1,053.6M | +40.6% | $9.80 | +41.2% | $1,291.3M | $1,066.5M | -3.6% |
Valuation
Market Price
$185.24
Market Cap
$19.74B
Enterprise Value
$32.38B
P/E Ratio
18.90
P/B Ratio
N/A
FCF Yield
5.40%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
18.62%
Operating Margin
549.20%
Net Margin
430.94%
Return on Equity (ROE)
N/A (Negative Equity)
Return on Assets (ROA)
743.82%
Asset Turnover
1.73x
Revenue 3-Yr CAGR
-6.27%
Financial Health & Liquidity
Current Ratio
1.51
Cash Ratio
2.83
Debt / Equity
-2.658
Debt / Assets
91.071
Cash & Equivalents
$264.57M
Total Debt
$12.90B
Book Value / Share
$-45.76
Cash Flow Efficiency
Operating Cash Flow
$1.29B
Capital Expenditures (CapEx)
$224.82M
Free Cash Flow
$1.07B
OCF / Revenue
528.15%
FCF / Revenue
436.20%
FCF 3-Yr CAGR
-0.15%
Per Share Metrics
EPS (Diluted)
$9.80
EPS (Basic)
$9.83
Dividends / Share
N/A
Book Value / Share
$-45.76
EPS YoY Growth
41.21%
Balance Sheet (FY 2025)
Total Assets
$141.65M
Total Liabilities
$93.50M
Stockholders' Equity
-$4.85B
Current Assets
$141.65M
Current Liabilities
$93.50M