Last 48 quarters of trend data · Real Estate · REIT - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
SBA Communications Corporation's quarterly P/E stands at 24.7x, down 8.3% year-over-year. EV/EBITDA has compressed 16.7% YoY to 19.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.07 | 24.73 | 13.94 | 21.87 | 28.09 | 26.96 | 31.65 | 25.07 | 32.50 | 38.15 | 62.79 | 62.55 | 30.98 |
| — | -8.3% | -56.0% | -12.8% | -13.6% | -29.3% | -49.6% | -59.9% | +4.9% | -45.6% | -14.9% | -20.0% | -75.2% | |
| P/S Ratio | 7.04 | 6.49 | 7.17 | 7.12 | 9.05 | 8.95 | 7.94 | 9.73 | 8.00 | 8.94 | 10.20 | 7.98 | 9.30 |
| — | -27.5% | -9.7% | -26.8% | +13.2% | +0.1% | -22.2% | +21.8% | -14.0% | -15.3% | -8.6% | -30.7% | -30.7% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 18.58 | 22.09 | 21.37 | 20.20 | 20.27 | 23.33 | 21.63 | 27.07 | 14.07 | 24.87 | 20.69 | 21.60 | 14.90 |
| — | -5.3% | -1.2% | -25.4% | +44.1% | -6.2% | +4.5% | +25.3% | -5.6% | -8.6% | -39.9% | -23.6% | -45.7% | |
| EV / EBITDA | 18.80 | 19.69 | 18.90 | 19.64 | 24.61 | 23.63 | 21.01 | 22.95 | 21.03 | 23.57 | 27.42 | 21.18 | 23.61 |
| — | -16.7% | -10.0% | -14.4% | +17.0% | +0.2% | -23.4% | +8.3% | -10.9% | -11.9% | +0.3% | -22.5% | -22.4% | |
| EV / EBIT | 25.33 | 24.36 | 15.96 | 21.65 | 26.30 | 25.68 | 23.65 | 26.16 | 23.14 | 26.06 | 37.01 | 32.72 | 37.48 |
| — | -5.1% | -32.5% | -17.3% | +13.7% | -1.4% | -36.1% | -20.0% | -38.3% | -40.5% | -18.2% | -27.8% | -27.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
SBA Communications Corporation's operating margin was 48.7% in Q1 2026, up 6.0 pp QoQ and down 1.7 pp YoY. The trailing four-quarter average of 47.6% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.6% | 75.6% | 30.6% | 74.1% | 74.5% | 75.8% | 77.1% | 76.7% | 77.6% | 77.9% | 77.9% | 77.2% | 76.5% |
| — | -0.1% | -60.3% | -3.4% | -4.0% | -2.7% | -1.0% | -0.7% | +1.4% | +4.2% | +5.6% | +6.2% | +4.1% | |
| Operating Margin | 48.7% | 48.7% | 42.8% | 51.1% | 47.9% | 50.4% | 55.1% | 56.3% | 53.7% | 49.2% | 31.1% | 36.4% | 35.6% |
| — | -3.3% | -22.4% | -9.2% | -10.8% | +2.6% | +77.4% | +54.5% | +51.0% | +48.1% | -9.2% | +1.3% | +0.4% | |
| Net Margin | 37.4% | 26.3% | 51.5% | 32.3% | 32.3% | 33.2% | 25.0% | 38.7% | 24.7% | 23.5% | 16.2% | 12.8% | 30.0% |
| — | -20.9% | +105.6% | -16.5% | +31.0% | +41.5% | +54.3% | +202.4% | -17.9% | +56.8% | +7.8% | -13.5% | +181.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 9.2% | 1.6% | 3.2% | 2.2% | 2.1% | 2.0% | 1.6% | 2.6% | 1.6% | 1.5% | 1.1% | 0.8% | 1.9% |
| — | -21.4% | +101.9% | -16.9% | +29.3% | +31.8% | +50.4% | +209.8% | -14.5% | +59.9% | +6.2% | -16.7% | +179.2% | |
| ROIC | 10.0% | 2.5% | 2.3% | 2.9% | 2.7% | 2.6% | 2.9% | 3.1% | 3.0% | 2.7% | 1.7% | 2.0% | 1.9% |
| — | -2.1% | -20.0% | -7.4% | -10.3% | -4.3% | +71.7% | +60.2% | +60.1% | +55.4% | -9.1% | -1.9% | -0.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
SBA Communications Corporation's Debt/EBITDA ratio is 36.3x, up from 32.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 67.0% YoY to 0.23x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 8.30 | 36.34 | 32.61 | 33.29 | 36.58 | 36.61 | 35.22 | 33.07 | 34.15 | 36.07 | 37.95 | 34.40 | 35.19 |
| — | -0.7% | -7.4% | +0.7% | +7.1% | +1.5% | -7.2% | -3.9% | -3.0% | -3.0% | +4.5% | -2.0% | -3.0% | |
| Current Ratio | 0.49 | 0.23 | 0.49 | 0.50 | 0.37 | 0.69 | 1.10 | 0.67 | 0.19 | 0.19 | 0.36 | 0.69 | 0.70 |
| — | -67.0% | -55.2% | -25.2% | +95.9% | +274.7% | +209.8% | -2.8% | -73.4% | -74.9% | -48.7% | +75.2% | +87.1% | |
| Quick Ratio | 0.49 | 0.22 | 0.49 | 0.50 | 0.37 | 0.69 | 1.10 | 0.67 | 0.19 | 0.19 | 0.36 | 0.69 | 0.70 |
| — | -68.0% | -55.2% | -25.2% | +95.9% | +274.7% | +209.8% | -2.8% | -73.4% | -74.9% | -48.7% | +75.2% | +87.1% | |
| Interest Coverage | 3.65 | 2.55 | 4.49 | 3.41 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying SBAC stock.
SBA Communications Corporation's current P/E is 19.1x. The average P/E over the last 4 quarters is 22.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
SBA Communications Corporation's current operating margin is 48.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking SBA Communications Corporation's business trajectory between earnings reports.