Stocks · Real Estate · REIT - Specialty
SBA Communications Corporation SBAC
$158.49 +0.30% Close, Oct 2, 2026 · NASDAQ · Market cap $16.81B
Next earnings report: Nov 2, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 17.1× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Net debt is 7.1× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth32Weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 46%
- EPS growth (TTM, YoY)Top 45%
- FCF growth (TTM, YoY)Top 49%
- Revenue growth, 3-year CAGRBottom 32%
- Revenue growth accelerationBottom 28%
Quality75Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 16%
- Gross marginTop 32%
- Operating marginTop 17%
- Cash conversion (OCF / net income)Bottom 34%
- Accruals (lower is better)Bottom 39%
- Net debt / EBITDA (lower is better)Bottom 35%
- Interest coverTop 21%
Value78Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 24%
- Free-cash-flow yieldTop 43%
- EBITDA / enterprise valueTop 45%
- Sales / enterprise valueBottom 35%
- P/E vs own 5-year history (lower is better)Top 9%
Momentum24Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 41%
- 6-month returnBottom 16%
- 1-year return vs S&P 500Bottom 33%
- Distance from 52-week highBottom 30%
- Trend checklist (0–4)Bottom 22%
Revisions78Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 46%
- Consecutive EPS beatsBottom 48%
- Share of analysts rating BuyTop 20%
- Upside to consensus price targetTop 26%
Stability42Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 27%
- Maximum drawdown, 3 yearsBottom 48%
- Beta vs S&P 500 (lower is better)Top 27%
- Net debt / EBITDA (lower is better)Bottom 35%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.3% | 5.4% | ↓ |
| EPS growth (YoY) | 25.8% | 14.1% | ↓ |
| Gross margin | 76.0% | 63.9% | ↓ |
| Operating margin | 52.4% | 50.8% | ↓ |
| FCF margin | 39.0% | 36.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 5.4% | 6.3% | ↓ | Bottom 46% |
| EPS growth (TTM, YoY) | 14.1% | 25.8% | ↓ | Top 45% |
| Gross margin | 63.9% | 76.0% | ↓ | Top 32% |
| Operating margin | 50.8% | 52.4% | ↓ | Top 17% |
| Net margin | 34.5% | 32.3% | ↑ | — |
| Free-cash-flow margin | 36.6% | 39.0% | ↓ | — |
| Return on invested capital | 11.6% | — | Top 16% | |
| Revenue growth, 3-year CAGR | 2.2% | — | Bottom 32% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.30×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.9%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -12.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.09×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.01%
- Net buyback yield (TTM)
- 1.95%
- Shareholder yield
- 4.96%
- Share count change, 1 year
- -1.5%
- Share count change, 3-year CAGR
- -0.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -0.7%
- Average 2-day reaction, last 8
- -0.3%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $215.83
- Target vs current price
- +36.2%
- Analysts with a rating
- 42
- Share rating Buy or Strong Buy
- 69%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 3, 2026 | +1.1% | -0.8% | +1.7% | +5.5% | — |
| Apr 29, 2026 | -2.2% | -0.7% | -0.1% | -8.0% | -20.2% |
| Feb 26, 2026 | -10.8% | -2.5% | -0.4% | -16.2% | +5.5% |
| Nov 3, 2025 | +9.2% | +1.1% | +3.1% | -1.5% | -1.9% |
| Aug 4, 2025 | -33.0% | +0.8% | -3.4% | -10.4% | -13.7% |
| Apr 28, 2025 | -43.3% | +0.5% | +8.9% | +3.3% | +6.7% |
| Feb 24, 2025 | -22.6% | -0.1% | +2.3% | +4.1% | +10.6% |
| Oct 28, 2024 | +5.7% | -0.8% | -6.7% | -8.7% | -18.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 3, 2026 | $1.87 | $1.85 | +1.1% | $715.3M |
| Apr 29, 2026 | $1.74 | $1.78 | -2.2% | $703.4M |
| Feb 26, 2026 | $3.47 | $3.89 | -10.8% | $719.6M |
| Nov 3, 2025 | $3.32 | $3.04 | +9.2% | $732.3M |
| Aug 4, 2025 | $2.09 | $3.12 | -33.0% | $699.0M |
| Apr 28, 2025 | $1.77 | $3.12 | -43.3% | $664.2M |
| Feb 24, 2025 | $1.61 | $2.08 | -22.6% | $693.7M |
| Oct 28, 2024 | $2.40 | $2.27 | +5.7% | $667.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 17.1× | 47.8× | 0th | Top 24% |
| P/E (forward) | 20.6× | — | — | — |
| EV / EBITDA | 15.1× | — | — | Top 45% |
| EV / Sales | 11.04× | — | — | Bottom 35% |
| Free-cash-flow yield | 6.25% | — | — | Top 43% |
| Earnings yield | 5.86% | — | — | Top 24% |
P/E over the past five years
Range 19.7× – 148.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -17.4%
- Earnings per share growth (TTM)
- +14.1%
- Change in P/E multiple
- -28.3%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.7%
- 200-day average slope (20 days)
- -0.9%
- Distance from 50-day average
- -11.9%
- Distance from 200-day average
- -17.1%
- RSI (14)
- 23.1
- Relative volume
- 1.01×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.3%
- Volatility vs own 5-year history
- 59th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.35
- Correlation with S&P 500
- 0.17
- Current drawdown from 1-year high
- -29.2%
- Maximum drawdown, 3 years
- -38.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 31, 2021 | Oct 1, 2026 | -59.4% | 1191 days | Not yet recovered |
| Oct 5, 2020 | Mar 4, 2021 | -26.7% | 103 days | 80 days (Jun 28, 2021) |
| Sep 8, 2021 | Oct 18, 2021 | -12.3% | 28 days | 41 days (Dec 15, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $16.81B
- P/E (TTM)
- 17.1
- EPS, diluted (TTM)
- $9.29
- Revenue (TTM)
- $2.87B
- Dividend yield
- 3.07%
- 52-week range
- $157.35 – $224.46
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.31B | $2.63B | $2.71B | $2.68B | $2.82B |
| Gross profit | $1.74B | $1.94B | $2.08B | $2.07B | $1.17B |
| Operating income | $782.5M | $925.4M | $923.7M | $1.44B | $1.37B |
| Net income | $237.6M | $461.4M | $501.8M | $749.5M | $1.05B |
| EPS (diluted) | $2.14 | $4.22 | $4.61 | $6.94 | $9.80 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $667.6M | $693.7M | $664.2M | $699.0M | $732.3M | $719.6M | $703.4M | $715.3M |
| Net income | $258.5M | $173.6M | $220.7M | $225.8M | $236.8M | $370.3M | $184.8M | $198.8M |
| EPS (diluted) | $2.40 | $1.61 | $2.04 | $2.09 | $2.21 | $3.47 | $1.74 | $1.87 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.19B | $1.29B | $1.54B | $1.33B | $1.29B |
| Capital expenditure | -$133.6M | -$214.4M | -$236.7M | -$228.1M | -$224.8M |
| Free cash flow | $1.06B | $1.07B | $1.31B | $1.11B | $1.07B |
| Dividends paid | -$253.6M | -$306.8M | -$370.0M | -$424.2M | -$479.0M |
| Net share buybacks | -$582.6M | -$431.7M | -$100.0M | -$200.0M | -$442.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $327.1M
- Total assets
- $11.74B
- Total liabilities
- $16.37B
- Total debt
- $15.21B
- Net debt
- $14.88B
- Shareholders’ equity
- -$4.63B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 20, 2026 | $1.25 | Sep 17, 2026 |
| May 22, 2026 | $1.25 | Jun 17, 2026 |
| Mar 13, 2026 | $1.25 | Mar 27, 2026 |
| Nov 13, 2025 | $1.11 | Dec 11, 2025 |
| Aug 21, 2025 | $1.11 | Sep 18, 2025 |
| May 22, 2025 | $1.11 | Jun 17, 2025 |
| Mar 13, 2025 | $1.11 | Mar 27, 2025 |
| Nov 14, 2024 | $0.98 | Dec 12, 2024 |
Short interest
- Shares sold short
- 3,794,704
- Days to cover
- 4.13
- Change vs previous report
- +1.4%
FINRA short interest, settlement date Sep 15, 2026.