SBA Communications Corporation
SBAC
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- SBA Communications operates in the growing telecommunications infrastructure sector, benefiting from increased demand for wireless services and 5G expansion.
- In Q2 2026, SBA Communications reported a revenue increase of 2% compared to the previous quarter, reaching $715 million.
- The company maintained a strong gross margin of 75.4% in Q2 2026, slightly down from 75.6% in Q1 2026.
- SBA Communications faces challenges with a declining earnings growth rate, which may impact investor confidence.
- The company's net income decreased to $198.8 million in Q2 2026, compared to $184.8 million in Q1 2026.
- SBA's trailing P/E ratio stands at 18.3, indicating potential overvaluation in a competitive market.
Fundamentals
| Market cap | $18.04B | Enterprise value | $33.00B | Trailing P/E | 18.34 | Forward P/E | 20.78 |
| PEG | 9.89 | Price / book | -3.90 | Beta | 0.99 | Dividend yield | 2.94% |
| Revenue growth | 2.3% | Earnings growth | -10.5% | Gross margin | 74.2% | Operating margin | 52.2% |
| Profit margin | 34.5% | ROE | — | ROA | 8.4% | Debt / equity | — |
| Current ratio | 0.17 | Free cash flow | $752.06M | Analyst recommendation | buy | Mean target | $226.20 |
| 52w high | $224.46 | 52w low | $156.60 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $715M | $703M | $720M | $732M | $699M |
| Op margin | 53.2% | 54.1% | 54.1% | 54.6% | 55.2% |
| Net income | $199M | $185M | $370M | $237M | $226M |
| Gross margin | 75.4% | 75.6% | 75.6% | 74.1% | 75.4% |
| Gross profit | $539M | $532M | $544M | $543M | $527M |
| Operating income | $380M | $380M | $389M | $400M | $386M |
- Revenue +2% vs prior quarter ($715M vs $703M).
- Gross margin 75.4% (was 75.6% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.7B | $2.6B | — |
| Op margin | 55.2% | 58.6% | 41.1% | 37.8% | — |
| Net income | $1.1B | $750M | $502M | $461M | — |
| Gross margin | 75.5% | 78.3% | 77.4% | 74.6% | — |
| Gross profit | $2.1B | $2.1B | $2.1B | $2.0B | — |
| Operating income | $1.6B | $1.6B | $1.1B | $995M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · SBA Communications (SBAC) Stock May Be Reasonable Despite Cash Flow Upside
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2026-10-05 · Raymond James Lifts Price Target on SBA Communications to $271 From $264, Keeps Strong Buy Rating
2026-10-02 · Is It Wise to Retain SBA Communications Stock in Your Portfolio Now?
2026-10-01 · SBA Communications Eyes 6G Leasing Rebound, Edge Data Centers and Buybacks
2026-09-29 · Barclays Adjusts Price Target on SBA Communications to $207 From $208, Keeps Overweight Rating
Price (daily)
Full chart · RSI · MACD · patternsOn Trade and Ticker
- 2026-10-09 · Morning BriefFutures Rise as AI Stocks Rebound on OpenAI; Delta Cuts Outlook, Telecoms Slide
- 2026-10-09 · Midday UpdateStocks Rise as Verizon Has Worst Day Since 2002; Oracle Up, Chips Fade
- 2026-10-09 · Closing WrapVerizon and T-Mobile Sink on SpaceX, Humana's Star Ratings, Delta, Palantir