What is SBA Communications's market cap?

SBA Communications (SBAC) has a market capitalization of $19.3B and trades on NASDAQ.

What is SBA Communications's revenue and profitability?

SBA Communications generated $2.9B in trailing twelve-month revenue with net income of $1.0B, representing a net margin of 35.7%. Gross margin stands at 93.0%, with free cash flow of $1.0B. These figures are based on the Q1 2026 filing.

Who are SBA Communications's competitors?

SBA Communications's key competitors include American Tower Corporation, Crown Castle Inc., AT&T Inc., and others. These companies compete in similar markets and product categories.

Who does SBA Communications partner with?

SBA Communications's notable partners include Millicom International Cellular S.A., Ericsson.

Where is SBA Communications headquartered?

SBA Communications is headquartered in United States of America and employs approximately 1,787 people. It has been publicly traded since 1999.

SBA Communications

SBAC

SBA Communications is a leading independent owner and operator of wireless communications infrastructure, specializing in multi-tenant towers and rooftop sites.

Market cap

$19.3B-23.2%

Revenue$2.9B+6.3%

Net income$1.0B+24.8%

Free cash flow$1.0B-9.5%

EPS (diluted)$9.50+25.7%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 29, 2026

Revenue$703.4MBeat by $7.2M EPS$1.74Miss by $0.20

Read the full report

Next report

Aug 3, 2026 (In 3 weeks)

Revenue estimate$705.7M

EPS estimate$1.84

Financials

Q1 2026

Income statement

See full

Revenue$703.4M+5.9%

Gross profit$664.0M+6.1%

Operating income$342.8M+2.4%

Net income$184.8M-16.3%

EPS (diluted)$1.74-14.7%

Balance sheet

See full

Cash & equivalents$332.5M-49.9%

Total debt$13.0B+4.3%

Total equity-$4.8B+4.4%

Total assets$11.7B+12.2%

Cash flow

See full

Operating cash flow$255.1M-15.3%

CapEx$48.4M+4.8%

Free cash flow$206.7M-18.9%

Valuation & ratios

Valuation

See full

Market cap$19.3B-23.2%

Enterprise value$31.93B-14.5%

P/E19×-9.6×

P/S6.8×-2.5×

Profitability

See full

Gross margin93%-2.0pp

Operating margin47.3%-6.6pp

Net margin35.7%+5.3pp

FCF margin35.7%-6.2pp

Returns & leverage

See full

Current ratio0.2×-0.5×

Segments

By segment

See full

Domestic Site Leasing Revenue$450.3M-2.3%

International Site Leasing Revenue$205.8M+32.6%

Site Development Construction$47.3M-1.6%

Competitors

By market cap

T-Mobile US$194.95B-28.7%

Verizon Communications$177.25B-3.5%

AT&T$146.75B-28.1%

American Tower$76.9B-25.9%

Crown Castle$33.6B-25.1%

SBA Communications$19.3B-23.2%

Uniti Group Inc.$2.6B+148%

SITE Centers Corporation$219.3M-64.4%

By revenue growth

T-Mobile US+9.5%

American Tower+6.3%

SBA Communications+6.3%

AT&T+2.9%

Verizon Communications+2.9%

Crown Castle-4.4%

SITE Centers Corporation-58.4%

By net margin

SITE Centers Corporation186.85%-62.8pp

SBA Communications35.66%+5.3pp

American Tower27.81%+9.6pp

Crown Castle25.14%+131pp

AT&T16.94%+7.3pp

Verizon Communications12.46%-0.7pp

T-Mobile US11.65%-2.8pp

Profile

SBA Communications is a leading independent owner and operator of wireless communications infrastructure, specializing in multi-tenant towers and rooftop sites. The company provides essential physical space for wireless service providers to host their equipment, primarily generating revenue through long-term lease contracts. Its business model focuses on maximizing tower capacity and scaling its portfolio through strategic acquisitions and new builds across the Americas and Africa.

Competitive position

A leading independent tower operator with a high-capacity portfolio and significant scale across domestic and international markets.

GeographiesUnited States, Brazil, South Africa, Central America, South America

Customer segmentsWireless Carriers, Telecommunications Providers

Business modelLeasing, Professional Services, Build-to-suit

SuppliersLand owners, Tower component manufacturers, Construction contractors, Regulatory bodies (FCC, FAA)

CustomersMobile network operators, Broadband providers, Government agencies, Private network operators

CountryUnited States of America

Listed1999

Employees1.8K

CEOBrendan Thomas Cavanagh

SectorReal Estate

IndustryREIT - Specialty

Websitesbasite.com

FilingsSEC EDGAR

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Questions, answered.

What is SBA Communications's market cap?: SBA Communications (SBAC) has a market capitalization of $19.3B and trades on NASDAQ.
What is SBA Communications's revenue and profitability?: SBA Communications generated $2.9B in trailing twelve-month revenue with net income of $1.0B, representing a net margin of 35.7%. Gross margin stands at 93.0%, with free cash flow of $1.0B. These figures are based on the Q1 2026 filing.
Who are SBA Communications's competitors?: SBA Communications's key competitors include American Tower Corporation, Crown Castle Inc., AT&T Inc., and others. These companies compete in similar markets and product categories.
Who does SBA Communications partner with?: SBA Communications's notable partners include Millicom International Cellular S.A., Ericsson.
Where is SBA Communications headquartered?: SBA Communications is headquartered in United States of America and employs approximately 1,787 people. It has been publicly traded since 1999.