SBA Communications Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	108,426	107,188	114,960	143,753	158,759	222,285
Market Cap Growth	-14.16%	-6.76%	-20.03%	-9.45%	-28.58%	36.80%
Enterprise Value	187,450	186,549	196,878	218,693	237,734	296,610
PE Ratio	18.68	19.74	29.37	55.03	66.42	181.79
Forward PE	25.51	-	-	-	-	-
PS Ratio	6.99	7.26	8.18	10.11	11.50	18.36
PB Ratio	-4.12	-4.21	-4.29	-5.30	-5.74	-8.02
P/TBV Ratio	-4.10	-4.29	-4.31	-5.34	-5.81	-8.19
P/FCF Ratio	347.96	19.16	19.81	20.96	28.26	40.13
P/OCF Ratio	15.24	15.83	16.42	17.75	23.55	35.62
EV/Sales Ratio	12.76	12.64	14.01	15.38	17.21	24.50
EV/EBITDA Ratio	16.54	21.76	22.01	25.43	27.76	38.15
EV/EBIT Ratio	23.66	26.49	26.15	45.15	48.99	72.28
EV/FCF Ratio	601.55	33.35	33.92	31.89	42.32	53.55
Debt / Equity Ratio	-3.21	-3.21	-3.12	-2.82	-2.89	-2.76
Debt / EBITDA Ratio	9.37	9.37	9.24	8.82	9.29	9.80
Debt / FCF Ratio	14.36	14.36	14.24	11.06	14.16	13.75
Net Debt / Equity Ratio	-3.10	-3.10	-3.05	-2.76	-2.85	-2.68
Net Debt / EBITDA Ratio	9.21	9.21	9.13	8.69	9.20	9.55
Net Debt / FCF Ratio	14.12	14.12	14.07	10.90	14.03	13.40
Asset Turnover	0.24	0.24	0.25	0.26	0.26	0.24
Quick Ratio	0.16	0.16	0.19	0.29	0.47	0.76
Current Ratio	0.29	0.29	1.10	0.36	0.69	1.00
Return on Equity (ROE)	-21.45%	-21.45%	-14.69%	-9.58%	-8.75%	-4.72%
Return on Assets (ROA)	9.92%	9.92%	12.88%	8.07%	7.94%	7.77%
Return on Invested Capital (ROIC)	10.32%	10.32%	13.38%	8.37%	8.29%	8.22%
Return on Capital Employed (ROCE)	14.50%	14.50%	15.58%	9.88%	9.70%	8.83%
Earnings Yield	5.35%	5.07%	3.41%	1.82%	1.51%	0.55%
FCF Yield	0.29%	5.22%	5.05%	4.77%	3.54%	2.49%
Dividend Yield	1.80%	2.31%	1.93%	1.35%	1.01%	0.60%
Payout Ratio	45.46%	45.46%	56.59%	73.72%	66.48%	106.71%
Buyback Yield / Dilution	2.29%	2.29%	0.83%	0.30%	1.33%	1.34%
Total Shareholder Return	4.09%	4.60%	2.77%	1.65%	2.35%	1.94%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.