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SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company’s total revenue in 2023. Internationally, SBA’s greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.
1997
1.7K+
LTM Revenue $2.7B
LTM EBITDA $1.9B
$39.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
SBA Communications has a last 12-month revenue of $2.7B and a last 12-month EBITDA of $1.9B.
In the most recent fiscal year, SBA Communications achieved revenue of $2.7B and an EBITDA of $1.5B.
SBA Communications expects next 12-month revenue of XXX and NTM EBITDA of XXX
See SBA Communications valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | XXX | XXX | XXX |
| Gross Profit | $2.0B | $2.1B | XXX | XXX | XXX |
| Gross Margin | 72% | 78% | XXX | XXX | XXX |
| EBITDA | $1.7B | $1.5B | XXX | XXX | XXX |
| EBITDA Margin | 63% | 55% | XXX | XXX | XXX |
| Net Profit | $461M | $502M | XXX | XXX | XXX |
| Net Margin | 17% | 19% | XXX | XXX | XXX |
| Net Debt | $12.7B | $12.1B | XXX | XXX | XXX |
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As of April 15, 2025, SBA Communications's stock price is $225.
SBA Communications has current market cap of $24.3B, and EV of $39.6B.
See SBA Communications trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39.6B | $24.3B | XXX | XXX | XXX | XXX | $7.39 |
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Sign UpAs of April 15, 2025, SBA Communications has market cap of $24.3B and EV of $39.6B.
SBA Communications's trades at 14.7x LTM EV/Revenue multiple, and 20.9x LTM EBITDA.
Analysts estimate SBA Communications's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for SBA Communications and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $39.6B | XXX | XXX | XXX |
| EV/Revenue | 14.8x | XXX | XXX | XXX |
| EV/EBITDA | 26.9x | XXX | XXX | XXX |
| P/E | 32.4x | XXX | XXX | XXX |
| P/E/Growth | 2.3x | XXX | XXX | XXX |
| EV/FCF | 35.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSBA Communications's NTM/LTM revenue growth is 3%
SBA Communications's revenue per employee for the last fiscal year averaged $1.6M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, SBA Communications's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate SBA Communications's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for SBA Communications and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -14% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 57% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 20% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Scentre Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WOTSO Flexspace | XXX | XXX | XXX | XXX | XXX | XXX |
| Shurgard | XXX | XXX | XXX | XXX | XXX | XXX |
| HSI Renda Imobiliária | XXX | XXX | XXX | XXX | XXX | XXX |
| Segro | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SBA Communications acquired XXX companies to date.
Last acquisition by SBA Communications was XXXXXXXX, XXXXX XXXXX XXXXXX . SBA Communications acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was SBA Communications founded? | SBA Communications was founded in 1997. |
| Where is SBA Communications headquartered? | SBA Communications is headquartered in United States of America. |
| How many employees does SBA Communications have? | As of today, SBA Communications has 1.7K+ employees. |
| Who is the CEO of SBA Communications? | SBA Communications's CEO is Mr. Brendan T. Cavanagh,C.P.A.. |
| Is SBA Communications publicy listed? | Yes, SBA Communications is a public company listed on NAS. |
| What is the stock symbol of SBA Communications? | SBA Communications trades under SBAC ticker. |
| When did SBA Communications go public? | SBA Communications went public in 1999. |
| Who are competitors of SBA Communications? | Similar companies to SBA Communications include e.g. Scentre Group, WOTSO Flexspace, Shurgard, HSI Renda Imobiliária. |
| What is the current market cap of SBA Communications? | SBA Communications's current market cap is $24.3B |
| What is the current revenue of SBA Communications? | SBA Communications's last 12-month revenue is $2.7B. |
| What is the current EBITDA of SBA Communications? | SBA Communications's last 12-month EBITDA is $1.9B. |
| What is the current EV/Revenue multiple of SBA Communications? | Current revenue multiple of SBA Communications is 14.7x. |
| What is the current EV/EBITDA multiple of SBA Communications? | Current EBITDA multiple of SBA Communications is 20.9x. |
| What is the current revenue growth of SBA Communications? | SBA Communications revenue growth between 2023 and 2024 was -1%. |
| Is SBA Communications profitable? | Yes, SBA Communications is EBITDA-positive (as of the last 12 months). |
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