SBA Communications Corporation (SBAC) — Free Cash Flow Yield
Real Estate
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. As of December 31, 2025, we owned 46,328 towers, a substantial portion of which were built by us or by other tower owners or operators who, like us, build towers to lease space to multiple wireless service providers. As of December 31, 2025, each of our towers had an average of 1.8 tenants. SBA Communications Corporation was established in 1989 and was incorporated in Florida.
| Metric | Value |
|---|---|
| FCF Yield | 6.3% |
| Real Estate Sector Avg FCF Yield | 4.1% |
| Annual Free Cash Flow | $1.1B |
| Market Cap | $16.8B |
| P/E Ratio | 17.1x |
SBA Communications Corporation's FCF yield of 6.3% is above the Real Estate sector average (4.1%).
Frequently Asked Questions
What is SBA Communications Corporation's (SBAC) free cash flow yield?
SBA Communications Corporation's (SBAC) free cash flow yield is 6.3%. That is above the Real Estate sector average (4.1%).
Is SBAC's free cash flow yield good?
At 6.3%, SBAC's free cash flow yield is considered fair — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does SBA Communications Corporation generate?
SBA Communications Corporation generated $1.1B in free cash flow, against a market cap of $16.8B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →