SBA Communications (SBAC) Ratios
SBA Communications Ratios
MX:SBAC's free cash flow for Q2 2026 was $344.76M. For the 2026 fiscal year, MX:SBAC's free cash flow was decreased by $-62.42M and operating cash flow was $407.18M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.49 | 1.10 | 0.36 | 0.69 | 1.00 |
| Quick Ratio | 0.49 | 1.10 | 0.36 | 0.69 | 1.00 |
| Cash Ratio | 0.19 | 0.11 | 0.15 | 0.21 | 0.60 |
| Solvency Ratio | 0.08 | 0.06 | 0.08 | 0.07 | 0.06 |
| Operating Cash Flow Ratio | 0.58 | 0.74 | 1.13 | 1.85 | 1.93 |
| Short-Term Operating Cash Flow Coverage | 0.58 | 1.12 | 2.40 | 53.57 | 49.58 |
| Net Current Asset Value | $ -15.25B | $ -14.49B | $ -14.83B | $ -15.35B | $ -14.45B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 1.32 | 1.38 | 1.42 | 1.43 | 1.48 |
| Debt-to-Equity Ratio | -3.16 | -3.08 | -2.80 | -2.88 | -2.75 |
| Debt-to-Capital Ratio | 1.46 | 1.48 | 1.56 | 1.53 | 1.57 |
| Long-Term Debt-to-Capital Ratio | 1.79 | 1.70 | 1.79 | 1.70 | 1.76 |
| Financial Leverage Ratio | -2.38 | -2.23 | -1.97 | -2.01 | -1.86 |
| Debt Service Coverage Ratio | 0.67 | 1.49 | 2.71 | 67.07 | 62.45 |
| Interest Coverage Ratio | 2.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt to Market Cap | 0.64 | 0.62 | 0.45 | 0.42 | 0.28 |
| Interest Debt Per Share | 147.26 | 145.89 | 132.87 | 138.75 | 130.79 |
| Net Debt to EBITDA | 7.44 | 8.67 | 7.96 | 8.97 | 9.35 |
| Profitability Margins | |||||
| Gross Profit Margin | 41.61% | 77.32% | 76.61% | 73.59% | 75.18% |
| EBIT Margin | 60.74% | 56.91% | 39.65% | 36.77% | 35.24% |
| EBITDA Margin | 71.12% | 66.97% | 66.07% | 63.64% | 65.57% |
| Operating Profit Margin | 48.67% | 53.58% | 34.06% | 35.14% | 33.89% |
| Pretax Profit Margin | 44.12% | 28.83% | 20.23% | 19.97% | 10.94% |
| Net Profit Margin | 37.43% | 27.97% | 18.51% | 17.52% | 10.29% |
| Continuous Operations Profit Margin | 37.46% | 27.94% | 18.34% | 17.46% | 10.29% |
| Net Income Per EBT | 84.83% | 97.01% | 91.49% | 87.75% | 94.08% |
| EBT Per EBIT | 90.65% | 53.82% | 59.38% | 56.82% | 32.28% |
| Return on Assets (ROA) | 9.10% | 6.56% | 4.93% | 4.36% | 2.42% |
| Return on Equity (ROE) | -21.71% | -14.67% | -9.70% | -8.75% | -4.50% |
| Return on Capital Employed (ROCE) | 14.67% | 14.93% | 10.48% | 9.36% | 8.52% |
| Return on Invested Capital (ROIC) | 10.05% | 12.57% | 8.61% | 7.95% | 7.79% |
| Return on Tangible Assets | 12.12% | 8.30% | 6.50% | 5.91% | 3.40% |
| Earnings Yield | 5.08% | 3.41% | 1.82% | 1.51% | 0.55% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.24 | 9.42 | 13.42 | 9.96 | 15.31 |
| Payables Turnover | 22.51 | 10.20 | 15.03 | 13.52 | 16.82 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.73 | 0.42 | 0.42 | 0.40 | 0.40 |
| Asset Turnover | 0.24 | 0.23 | 0.27 | 0.25 | 0.24 |
| Working Capital Turnover Ratio | -5.92 | -7.68 | -4.96 | -24.39 | -32.13 |
| Cash Conversion Cycle | 69.87 | 2.99 | 2.92 | 9.66 | 2.14 |
| Days of Sales Outstanding | 86.08 | 38.76 | 27.21 | 36.65 | 23.84 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 16.22 | 35.77 | 24.28 | 26.99 | 21.70 |
| Operating Cycle | 86.08 | 38.76 | 27.21 | 36.65 | 23.84 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 12.05 | 12.36 | 14.19 | 11.76 | 10.72 |
| Free Cash Flow Per Share | 9.95 | 10.25 | 12.01 | 9.80 | 9.51 |
| Dividend Paid and CapEx Coverage Ratio | 1.83 | 2.05 | 2.55 | 2.47 | 3.07 |
| Capital Expenditure Coverage Ratio | 5.74 | 5.85 | 6.52 | 6.00 | 8.90 |
| Operating Cash Flow Coverage Ratio | 0.08 | 0.08 | 0.11 | 0.08 | 0.08 |
| Operating Cash Flow to Sales Ratio | 0.46 | 0.50 | 0.57 | 0.49 | 0.52 |
| Free Cash Flow Yield | 5.14% | 5.03% | 4.74% | 3.50% | 2.45% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 19.68 | 29.28 | 55.03 | 66.42 | 181.79 |
| Price-to-Sales (P/S) Ratio | 7.37 | 8.21 | 10.18 | 11.64 | 18.71 |
| Price-to-Book (P/B) Ratio | -4.27 | -4.31 | -5.34 | -5.81 | -8.18 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 19.44 | 19.89 | 21.12 | 28.61 | 40.90 |
| Price-to-Operating Cash Flow Ratio | 16.06 | 16.49 | 17.88 | 23.84 | 36.30 |
| Price-to-Earnings Growth (PEG) Ratio | 0.48 | 0.59 | 6.35 | 0.69 | 0.21 |
| Enterprise Value Multiple | 17.79 | 20.94 | 23.37 | 27.26 | 37.89 |
| Enterprise Value | 35.62B | 37.58B | 41.87B | 45.68B | 57.35B |
| EV to EBITDA | 17.79 | 20.94 | 23.37 | 27.26 | 37.89 |
| EV to Sales | 12.65 | 14.02 | 15.44 | 17.35 | 24.84 |
| EV to Free Cash Flow | 33.40 | 33.95 | 32.02 | 42.64 | 54.30 |
| EV to Operating Cash Flow | 27.59 | 28.15 | 27.11 | 35.53 | 48.20 |
| Tangible Book Value Per Share | -71.43 | -68.93 | -69.74 | -73.36 | -72.67 |
| Shareholders’ Equity Per Share | -45.27 | -47.31 | -47.50 | -48.25 | -47.58 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.03 | 0.09 | 0.13 | 0.06 |
| Revenue Per Share | 26.26 | 24.81 | 24.91 | 24.08 | 20.79 |
| Net Income Per Share | 9.83 | 6.94 | 4.61 | 4.22 | 2.14 |
| Tax Burden | 0.85 | 0.97 | 0.91 | 0.88 | 0.94 |
| Interest Burden | 0.73 | 0.51 | 0.51 | 0.54 | 0.31 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.10 | 0.10 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 |
| Income Quality | 1.26 | 1.78 | 3.08 | 2.80 | 5.01 |
Currency in USD