SBA Communications Corp - Class A
Research SBA Communications Corp - Class A (SBAC) on Bullrun: valuation model: 10.2% undervalued, market cap USD 19.90B, P/E 20.2, dividend yield 2.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSBAC
- ExchangeNASDAQ
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Specialty
- CurrencyUSD
- Valuation signal10.2% undervalued
- Market capUSD 19.90B
- P/E20.2
- Dividend yield2.6%
- Financial periodQ2 2026
- RevenueUSD 715.27M
- Net incomeUSD 198.78M
- Free cash flowUSD 344.76M
- Gross margin75.4%
Valuation Snapshot
Bullrun's latest valuation model marks SBA Communications Corp - Class A as 10.2% undervalued; latest market cap is USD 19.90B; P/E is 20.2; dividend yield is 2.6%.
Peer valuation comparison
Latest P/E is 20.2x versus a Real Estate sector median of 14.84x (36.2% above).
Latest dividend yield is 2.55% versus a Real Estate sector median of 4.71% (45.8% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 244.50M | USD 1.05B | USD 1.07B | 868.8% | 9.8 | USD 264.57M | USD 12.90B | -USD 4.85B |
| FY2024 | USD 152.87M | USD 749.54M | USD 1.11B | 1372.4% | 6.94 | USD 189.84M | USD 13.59B | -USD 5.11B |
| FY2023 | USD 194.65M | USD 501.81M | USD 1.31B | 1078.3% | 4.61 | USD 208.55M | USD 12.32B | -USD 5.17B |
| FY2022 | USD 296.88M | USD 461.43M | USD 1.07B | 661.8% | 4.22 | USD 143.71M | USD 12.87B | -USD 5.28B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 19.90B | 20.2 | 2.6% | 4.86 |
| 2025 | 2025-12-31 | USD 20.44B | 19.7 | 2.3% | 4.44 |
| 2024 | 2024-12-31 | USD 21.92B | 29.4 | 1.9% | 3.92 |
| 2023 | 2023-12-29 | USD 27.37B | 55.9 | 1.3% | 3.4 |
| 2022 | 2022-12-30 | USD 30.26B | 75.6 | 1.0% | 2.84 |
| 2021 | 2021-12-31 | USD 42.39B | 182.6 | 0.6% | 2.32 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 4.86 USD, yield 2.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 4.44 USD |
| FY2024 | 3.92 USD |
| FY2023 | 3.4 USD |
| FY2022 | 2.84 USD |
About SBA Communications Corp - Class A
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements.
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Frequently asked questions
Is SBA Communications Corp - Class A overvalued or undervalued?
Bullrun's valuation model currently marks SBA Communications Corp - Class A as 10.2% undervalued.
What is SBA Communications Corp - Class A's market cap?
SBA Communications Corp - Class A's market capitalization is USD 19.90B.
What is SBA Communications Corp - Class A's P/E ratio?
SBA Communications Corp - Class A's price-to-earnings (P/E) ratio is 20.2.
Does SBA Communications Corp - Class A pay a dividend?
SBA Communications Corp - Class A has a dividend yield of 2.6%.
What does SBA Communications Corp - Class A do?
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements.