SBA Communications Company Overview and Analysis

SBA Communications is a leading wireless infrastructure company that provides a range of services to the telecommunications industry. Founded in 1989, the company has grown to become one of the largest independent owners and operators of wireless communications infrastructure in the United States.

SBA Communications has a large portfolio of towers and sites, with over 30,000 towers and sites across the United States, Puerto Rico, and the U.S. Virgin Islands. The company's extensive network provides coverage to over 90% of the U.S. population.

SBA Communications has a strong presence in the wireless industry, with a diverse customer base that includes major wireless carriers such as AT&T, Verizon, T-Mobile, and Sprint. The company's experienced team and state-of-the-art infrastructure enable it to provide high-quality services to its customers.

Here's an interesting read: List of Reits

SBA Communications' financial performance is impressive, with net sales reaching $29.85 billion in 2025, a significant increase from $2.67 billion in 2024.

Net income also saw a substantial growth, reaching $10.54 billion in 2025, up from $803 million in 2024. This indicates a strong revenue stream and efficient management of expenses.

Expand your knowledge: Sba Loan 2024 Application

The company's net debt has been steadily increasing, reaching $1.937 trillion in 2025, up from $12.28 billion in 2024. This may raise concerns about the company's financial health, but it's essential to consider the context and industry standards.

Here's a breakdown of SBA Communications' key financial metrics:

The company's profitability is also noteworthy, with a profit margin of 25.76% and a return on assets (ttm) of 8.58%. This suggests that SBA Communications is able to generate significant profits from its operations.

The company's operations are a key driver of its financial performance, and here's a closer look at how it works.

SBA Communications operates in two main segments: Site Leasing and Site Development.

It leases antenna space to wireless service providers on towers it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements.

The company owns a massive 30,000 towers across North and South America, with Brazil being its biggest market where it owns over 10,000 towers.

Suggestion: What Company Is Elan Financial Services

In addition to its tower portfolio, SBA Communications also manages or leases approximately 4,800 actual or potential towers.

The company provides various site development services that support its operations, including network pre-design, site audits, and assistance in obtaining zoning approvals and permits.

These services help SBA Communications efficiently develop and maintain its tower infrastructure, which is essential for its financial performance.

Curious to learn more? Check out: American Tower Corporation

The financial performance of a company is a crucial aspect to consider when evaluating its overall health. As of 1/28/2025, the trailing total returns of SBAC include dividends or other distributions.

Let's take a closer look at the revenue figures. In 2024, the net sales ranged from $2.67B to $29.26B. In 2025, the net sales increased to between $2.72B and $29.85B.

The net income also showed significant growth, with a range of $803M to $8.81B in 2024 and $961M to $10.54B in 2025.

The net debt figures are also worth noting, with a range of $12.28B to $1.899T in 2024 and $12.53B to $1.937T in 2025.

Here's a summary of the key financial metrics:

The profitability metrics also indicate a strong performance, with a profit margin of 25.76% and a return on assets (ttm) of 8.58%.

SBA Communications' financials show a significant increase in net sales, with a high of $29.26B in 2024 and a projected $29.85B in 2025.

The company's net income also saw a notable rise, reaching $1.28B in 2024 and $1.54B in 2025.

A closer look at the financials reveals a substantial increase in net debt, reaching $12.28B in 2024 and $12.53B in 2025.

The company's financials indicate a strong growth trajectory, with net sales and net income expected to continue increasing in the coming years.

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure.

The company has a portfolio of more than 39,000 communications sites throughout the Americas, Africa, and in Asia.

SBA Communications Corporation is listed on NASDAQ under the symbol SBAC.

The company is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

SBA Communications Corporation was founded in 1989 and is headquartered in Boca Raton, Florida.

Here's an interesting read: Vehicle Communications Equipment Cautiously

Let's take a closer look at the financials of the company. The net sales have been steadily increasing over the years, with a significant jump from 2023 to 2024, reaching $2.67B.

The net income also saw a notable increase, reaching $803M in 2024. This is a promising sign for the company's financial health.

Here's a breakdown of the net sales and net income for the years 2024 and 2025:

The net debt has also been increasing over the years, reaching $12.28B in 2024. This is a significant amount of debt that the company needs to manage.

The company's financials are a crucial aspect of its overall health, and it's essential to keep a close eye on these numbers to ensure the company's continued success.

Analysts are weighing in on SBA Communications, with recent updates from top firms. UBS has adjusted its price target to $280, while maintaining a Buy rating.

MoffettNathanson has also made a move, lowering its price target to $233 from $274. This change may reflect shifting market conditions or a reevaluation of the company's growth prospects.

Here's a snapshot of recent analyst updates on SBA Communications:

Analysts have been weighing in on SBA Communications Corporation, with several firms adjusting their price targets and ratings.

UBS recently adjusted its price target on SBA Communications to $280 from $290, while maintaining a Buy rating.

BMO Capital also made an adjustment, lowering its price target to $220 from $230 while maintaining a Market Perform rating.

JMP Securities took a more optimistic stance, initiating coverage of SBA Communications with a Market Outperform rating and a $250 price target.

Wells Fargo adjusted its price target to $210 from $230, while keeping its Equalweight rating.

MoffettNathanson made a notable adjustment, lowering its price target to $233 from $274.

Here's a summary of the analysts' recommendations:

The quotes section is a great place to get a quick snapshot of a stock's performance over time. I've taken a look at the quotes for a specific stock, and here are some interesting observations.

The stock price on February 4th was $197.54, which is a 0.10% decrease from the previous day. This might not seem like a big deal, but it's still a change worth noting.

The stock price on February 3rd was $197.73, a 0.09% increase from the day before. This could be a sign of a positive trend, but we need to see more data to confirm.

The stock price on January 31st was $197.56, a 0.79% decrease from the previous day. This is a significant drop, and it might be worth investigating further.

The stock price on January 30th was $199.14, a 0.52% increase from the day before. This is a small gain, but it's still a positive sign.

Here's a summary of the stock's performance over the past few days:

It's always a good idea to keep an eye on the volume of trades, as it can give us a sense of market sentiment. In this case, the volume on February 4th was 676,211, which is significantly lower than the volume on February 3rd.

SBA Communications is a leading wireless infrastructure company that operates in the United States and internationally. The company has a significant presence in the US, with over 18,000 towers across the country.

SBA Communications has a strong competitor in Crown Castle, another major player in the wireless infrastructure industry. Crown Castle operates over 40,000 towers across the US and has a significant presence in the international market as well.

SBA Communications has also faced competition from American Tower, a company that operates over 20,000 towers across the US and has a strong presence in the international market.

Discover more: Kimco Realty Stock Market Quote

SBA Communications Corporation is a notable player in the specialized REITs space. They focus on owning and operating wireless communications infrastructure.

SBA Communications has a significant portfolio of over 39,000 communications sites across the Americas, Africa, and Asia. This extensive network is a testament to their expertise in the field.

Their presence in the market is further solidified by their listing on NASDAQ under the symbol SBAC, and their inclusion in the S&P 500. This level of recognition is a significant accomplishment for any company.

For more insights, see: Communications Planning

In the recent past, SBA Communications has received updates to their price target from financial institutions. UBS adjusted their price target to $280 from $290, while maintaining a Buy rating. BMO Capital also adjusted their price target to $220 from $230, while maintaining a Market Perform rating.

Here are the recent updates to SBA Communications' price target:

Let's take a closer look at the key players in the industry. SBA Communications Corp is headquartered in Boca Raton, Florida, and has 1,787 employees.

The company is a public entity, which means it's traded on the stock market. In contrast, AT&T Inc has a much larger workforce, with 140,990 employees.

AT&T Inc is also a public entity, and its headquarters is located in Dallas, Texas. American Tower Corp, on the other hand, is headquartered in Boston, Massachusetts, and has 5,643 employees.

Here's a summary of the key parameters for these companies:

Crown Castle Inc and CommScope Holding Co Inc are also public entities with a significant number of employees. Crown Castle Inc has 4,700 employees, while CommScope Holding Co Inc has 20,000 employees.

SBA Communications has seen significant growth in its domestic site leasing business. Domestic Site Leasing sales have increased from $1.49B in 2019 to $1.85B in 2023.

The company's international site leasing business has also expanded, with sales rising from $374M in 2019 to $670M in 2023. This growth is a testament to the company's ability to tap into new markets.

SBA Communications' domestic sales have been steadily increasing, with a notable jump from $1.86B in 2020 to $2.08B in 2021. However, in 2023, domestic sales dipped to $2.32B.

The company's sales in Brazil have been growing as well, with a notable increase from $392M in 2022 to $392M in 2023.

Here's a breakdown of SBA Communications' sales by activity for the years 2019 to 2023:

SBA Communications' sales in the United States have been steadily increasing, with a notable jump from $1.86B in 2020 to $2.08B in 2021.

SBA Communications has a strong leadership team in place, with a clear governance structure. The company's Board of Directors is comprised of experienced individuals with diverse backgrounds and expertise.

Chairman Jeffrey Stoops has been leading the company since December 31, 2023, bringing over 66 years of experience to the role. He has been a key figure in shaping the company's strategy and direction.

Brendan Cavanagh serves as the Chief Executive Officer (CEO) of SBA Communications, overseeing the company's overall operations and performance. He has been in this role since December 31, 2023, and has a proven track record of driving growth and innovation.

The company's Board of Directors also includes Steven Bernstein, who has been a Chairman since 1988, with over 64 years of experience. His extensive knowledge and expertise have been invaluable to the company's success.

Here is a list of the key members of SBA Communications' leadership team:

The company's leadership team is well-established, with a clear structure in place. This has enabled SBA Communications to achieve significant growth and success in the telecommunications industry.

SBA Communications Corporation has a market capitalization of $21.68B and an enterprise value of $36.00B. The company's valuation measures are quite impressive, with a trailing P/E of 31.81 and a forward P/E of 20.79.

The PEG ratio, a measure of a stock's valuation based on its earnings growth, is 0.98, indicating that the stock is relatively undervalued. Additionally, the enterprise value to revenue ratio is 13.53, suggesting that the company's revenue is generating significant value.

Here are some key valuation measures for SBA Communications Corporation:

In recent news, UBS has adjusted their price target on SBA Communications to $280 from $290, while maintaining a Buy rating. BMO Capital has also adjusted their price target to $220 from $230, maintaining a Market Perform rating.

Valuation is a crucial aspect of investing, and it's essential to understand the various metrics used to evaluate a company's worth. Market capitalization, or market cap, is a common valuation metric that measures a company's total value, which for SBA Communications Corporation is approximately 21.68 billion dollars.

The price-to-earnings (P/E) ratio is another vital metric that compares a company's stock price to its earnings per share. For SBA Communications, the trailing P/E ratio is 31.81, indicating that investors are paying 31.81 times the company's earnings per share. In contrast, the forward P/E ratio is 20.79, suggesting a more optimistic outlook for the company's future earnings.

Curious to learn more? Check out: Lpl Financial Quarterly Earnings

The PEG ratio, or price-to-earnings-to-growth ratio, is a more nuanced metric that takes into account a company's growth prospects. With a PEG ratio of 0.98, SBA Communications appears to be undervalued compared to its growth rate.

Here are some key valuation metrics for SBA Communications Corporation:

It's worth noting that the P/E ratio can vary significantly depending on the time frame considered. For instance, the P/E ratio for 2024 is 26.6x, while for 2025 it's 22.2x. Similarly, the enterprise value (EV) to sales ratio also varies, standing at 12.6x in 2024 and 12.4x in 2025.

Investment analysts have also weighed in on SBA Communications, with Argus rating the company a HOLD and setting a target price of around $215 million dollars. However, it's essential to keep in mind that these ratings and predictions are subject to change and may not reflect the company's actual performance.

SBA Communications Corporation has been in the news lately, with several analysts adjusting their price targets on the company.

UBS adjusted its price target on SBA Communications to $280 from $290, while maintaining a Buy rating.

BMO Capital also made an adjustment, lowering its price target to $220 from $230 and maintaining a Market Perform rating.

JMP Securities initiated coverage on SBA Communications with a Market Outperform rating and a price target of $250.

Wells Fargo adjusted its price target to $210 from $230 and kept an Equalweight rating.

MoffettNathanson adjusted its price target to $233 from $274.

Deutsche Bank also adjusted its price target to $233 from $260, while maintaining a Buy rating.

Barclays cut its price target to $254 from $257, but maintained an Overweight rating.

Jefferies adjusted its price target to $205 from $225 and kept a Hold rating.

Here's a summary of the recent price target adjustments:

SBA Communications also made headlines when an insider sold shares worth $472,150.