SBA Communications Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 24, 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	23,278	20,439	21,921	27,411	30,273	42,386
Market Cap Growth	1.96%	-6.76%	-20.03%	-9.45%	-28.58%	36.80%
Enterprise Value	38,344	33,336	36,093	40,785	45,046	56,296
Last Close Price	219.47	193.43	203.80	253.69	280.31	389.02
PE Ratio	22.39	19.74	29.37	55.03	66.42	181.79
PS Ratio	8.27	7.26	8.18	10.11	11.50	18.36
PB Ratio	-	-4.21	-4.29	-5.30	-5.74	-8.02
P/TBV Ratio	-4.87	-4.29	-4.31	-5.34	-5.81	-8.19
P/FCF Ratio	-	19.16	19.81	20.96	28.26	40.13
P/OCF Ratio	18.03	15.83	16.42	17.75	23.55	35.62
EV/Sales Ratio	13.62	11.84	13.47	15.04	17.11	24.38
EV/EBITDA Ratio	21.18	20.39	21.17	24.87	27.58	37.97
EV/EBIT Ratio	25.25	24.83	25.14	44.16	48.68	71.94
EV/FCF Ratio	-	31.26	32.61	31.19	42.05	53.30
Debt / Equity Ratio	-2.74	-2.74	-2.83	-2.64	-2.84	-2.71
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	4.53%	5.07%	3.41%	1.82%	1.51%	0.55%
FCF Yield	-	5.22%	5.05%	4.77%	3.54%	2.49%
Dividend Yield	2.28%	2.31%	1.93%	1.35%	1.01%	0.60%
Payout Ratio	46.73%	45.46%	56.59%	73.72%	66.48%	106.72%
Buyback Yield / Dilution	0.51%	0.51%	0.76%	0.44%	1.61%	2.02%
Total Shareholder Return	2.78%	2.82%	2.69%	1.79%	2.62%	2.61%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q