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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
$39.1B
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 (LTM) 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.7B | XXX | $2.7B | XXX | XXX | XXX |
| Gross Profit | $2.1B | XXX | $2.1B | XXX | XXX | XXX |
| Gross Margin | 78% | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $1.9B | XXX | $1.5B | XXX | XXX | XXX |
| EBITDA Margin | 70% | XXX | 55% | XXX | XXX | XXX |
| EBIT | $1.4B | XXX | $1.6B | XXX | XXX | XXX |
| EBIT Margin | 52% | XXX | 59% | XXX | XXX | XXX |
| Net Profit | $826M | XXX | $750M | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 28% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $13.4B | XXX | XXX | XXX |
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As of July 18, 2025, SBA Communications's stock price is $234.
SBA Communications has current market cap of $25.1B, and EV of $39.1B.
See SBA Communications trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39.1B | $25.1B | XXX | XXX | XXX | XXX | $7.67 |
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Start Free TrialAs of July 18, 2025, SBA Communications has market cap of $25.1B and EV of $39.1B.
SBA Communications's trades at 14.6x EV/Revenue multiple, and 26.6x EV/EBITDA.
Equity research analysts estimate SBA Communications's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SBA Communications has a P/E ratio of 30.4x.
See valuation multiples for SBA Communications and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $25.1B | XXX | $25.1B | XXX | XXX | XXX |
| EV (current) | $39.1B | XXX | $39.1B | XXX | XXX | XXX |
| EV/Revenue | 14.4x | XXX | 14.6x | XXX | XXX | XXX |
| EV/EBITDA | 20.5x | XXX | 26.6x | XXX | XXX | XXX |
| EV/EBIT | 27.4x | XXX | 24.9x | XXX | XXX | XXX |
| EV/Gross Profit | 18.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 30.4x | XXX | 33.5x | XXX | XXX | XXX |
| EV/FCF | 34.6x | XXX | 35.3x | 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.
Start Free TrialSBA Communications's last 12 month revenue growth is 3%
SBA Communications's revenue per employee in the last FY averaged $1.6M, while opex per employee averaged $0.3M for the same period.
SBA Communications's rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SBA Communications's rule of X is 79% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for SBA Communications and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 70% | XXX | 55% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | 66% | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 20% | 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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Start Free Trial| 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 $25.1B |
| What is the current revenue of SBA Communications? | SBA Communications's last 12 months revenue is $2.7B. |
| What is the current revenue growth of SBA Communications? | SBA Communications revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of SBA Communications? | Current revenue multiple of SBA Communications is 14.4x. |
| Is SBA Communications profitable? | Yes, SBA Communications is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SBA Communications? | SBA Communications's last 12 months EBITDA is $1.9B. |
| What is SBA Communications's EBITDA margin? | SBA Communications's last 12 months EBITDA margin is 70%. |
| What is the current EV/EBITDA multiple of SBA Communications? | Current EBITDA multiple of SBA Communications is 20.5x. |
| What is the current FCF of SBA Communications? | SBA Communications's last 12 months FCF is $1.1B. |
| What is SBA Communications's FCF margin? | SBA Communications's last 12 months FCF margin is 42%. |
| What is the current EV/FCF multiple of SBA Communications? | Current FCF multiple of SBA Communications is 34.6x. |
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