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SBA Communications SBAC Return on equity

Discontinued — last reported Q4 '13

Return on equity at other companies

Verizon Communications logo
Verizon CommunicationsVZ
16.8%-1.2pp
Crown Castle logo
Crown CastleCCI
20.5%-1.1pp
MTZ
MasTecMTZ
14.5%+6.8pp
Dycom Industries logo
Dycom IndustriesDY
19.7%-0.1pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
30.2%-6.7pp
EchoStar logo
EchoStarSATS
-112.7%

Other financials

Income statement

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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

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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

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Operating cash flow$255.1M-15.3%
CapEx$48.4M+4.8%
Free cash flow$206.7M-19.0%

Valuation

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Market cap$20.32B-23.2%
Enterprise value$32.95B-13.1%
P/E20×-12.5×
P/S7.1×-2.7×

Profitability

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Gross margin93%-2.0pp
Operating margin47.3%-6.6pp
Net margin35.7%+5.3pp

Returns & leverage

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Debt / equity-2.7×
Current ratio0.2×-0.5×

Where this comes from

Calculated from SBA Communications’s reported figures.

Based on trailing twelve months.

The official record: SBA Communications’s 10-K, filed February 26, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.