SBA Communications [SBAC] vs American Tower [AMT] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: SBA Communications Corporation wins in 11 metrics, American Tower Corporation wins in 10 metrics, with 0 ties. SBA Communications Corporation appears stronger overall.

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Vital Metrics Comparison

Metric SBA Communications Corporation American Tower Corporation Better
P/E Ratio (TTM) 22.37 32.36 SBA Communications Corporation
Price-to-Book Ratio -4.89 22.31 American Tower Corporation
Debt-to-Equity Ratio -3.21 434.21 American Tower Corporation
PEG Ratio 0.19 -0.98 SBA Communications Corporation
EV/EBITDA 21.19 19.06 American Tower Corporation
Profit Margin (TTM) 37.43% 23.76% SBA Communications Corporation
Operating Margin (TTM) 52.44% 44.94% SBA Communications Corporation
EBITDA Margin (TTM) 52.44% 44.94% SBA Communications Corporation
Return on Equity -22.06% 26.28% American Tower Corporation
Return on Assets (TTM) 8.26% 4.90% SBA Communications Corporation
Free Cash Flow (TTM) $1.07B $3.78B American Tower Corporation
Dividend Yield 2.83% 3.87% American Tower Corporation
1-Year Return -10.11% -12.86% SBA Communications Corporation
Price-to-Sales Ratio (TTM) 8.27 7.66 American Tower Corporation
Enterprise Value $38.36B $131.64B American Tower Corporation
EV/Revenue Ratio 13.63 12.37 American Tower Corporation
Gross Profit Margin (TTM) 75.62% 73.91% SBA Communications Corporation
Revenue per Share (TTM) $26 $23 SBA Communications Corporation
Earnings per Share (Diluted) $9.81 $5.40 SBA Communications Corporation
Beta (Stock Volatility) 0.88 0.93 SBA Communications Corporation
Short % of Float 4.51% 1.72% American Tower Corporation

SBA Communications Corporation vs American Tower Corporation Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
SBA Communications Corporation-4.38%-2.14%-1.90%4.38%1.39%1.74%
American Tower Corporation-0.76%-1.77%8.87%0.57%3.05%6.27%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
SBA Communications Corporation-10.11%-11.18%-35.69%105.41%458.32%795.06%
American Tower Corporation-12.86%-2.96%-29.62%75.03%272.87%521.45%

Performance & Financial Health Analysis: SBA Communications Corporation vs American Tower Corporation

MetricSBACAMT
Market Information
Market Cap i$23.28B$83.48B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i1,104,3303,035,756
90 Day Avg. Volume i1,416,7573,304,055
Last Close$195.82$185.76
52 Week Range$162.41 - $243.16$165.08 - $234.33
% from 52W High-19.47%-20.73%
All-Time High$391.15 (Dec 27, 2021)$303.72 (Sep 06, 2021)
% from All-Time High-49.94%-38.84%
Growth Metrics
Quarterly Revenue Growth0.04%0.08%
Quarterly Earnings Growth1.13%-0.33%
Financial Health
Profit Margin (TTM) i0.37%0.24%
Operating Margin (TTM) i0.52%0.45%
Return on Equity (TTM) i-0.22%0.26%
Debt to Equity (MRQ) i-3.21434.21
Cash & Liquidity
Book Value per Share (MRQ)$-45.93$7.83
Cash per Share (MRQ)$2.50$3.16
Operating Cash Flow (TTM) i$1.29B$5.46B
Levered Free Cash Flow (TTM) i$918.48M$4.51B
Dividends
Last 12-Month Dividend Yield i2.83%3.87%
Last 12-Month Dividend i$5.69$6.80

Valuation & Enterprise Metrics Analysis: SBA Communications Corporation vs American Tower Corporation

MetricSBAC (Apr 26, 2026)AMT (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i22.3732.36
Forward P/E i27.4925.18
PEG Ratio i0.19-0.98
Price to Sales (TTM) i8.277.66
Price to Book (MRQ) i-4.8922.31
Market Capitalization
Market Capitalization i$23.28B$83.48B
Enterprise Value i$38.36B$131.64B
Enterprise Value Metrics
Enterprise to Revenue i13.6312.37
Enterprise to EBITDA i21.1919.06
Risk & Other Metrics
Beta i0.880.93
Book Value per Share (MRQ) i$-45.93$7.83

Financial Statements Comparison: SBA Communications Corporation vs American Tower Corporation

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricSBAC (2025)AMT (2025)
Revenue/Sales i2.82B10.64B
Cost of Goods Sold i690.97M2.75B
COGS % of Revenue i24.5%25.8%
Gross Profit i2.12B7.90B
Gross Margin i75.5%74.2%
Research & Development iN/AN/A
Operating Income (EBIT) i1.55B4.93B
Operating Margin i55.2%46.3%
EBITDA i2.22B7.34B
EBITDA Margin i79.0%68.9%
Pre-Tax Income i1.24B3.04B
Pre-Tax Income % of Revenue i44.1%28.6%
Income Tax i187.58M415.70M
Income Tax % of Revenue i6.7%3.9%
Net Income (Profit) i1.05B2.63B
Profit Margin i37.5%24.7%

Balance Sheet & Liquidity Metrics

MetricSBAC (2025)AMT (2025)
Cash & Equivalents i264.57M1.47B
Total Current Assets i773.43M2.74B
Total Current Assets % of Revenue i27.5%25.8%
Total Current Liabilities i2.68B6.91B
Total Current Liabilities % of Revenue i95.1%65.0%
Long-Term Debt i13.08B40.99B
Long-Term Debt % of Revenue i464.8%385.1%
Total Shareholders Equity i-4.78B10.36B
Retained Earnings i-7.25B-5.09B
Retained Earnings % of Revenue i-257.5%-47.8%
Property, Plant & Equipment i11.46B30.88B

Cash Flow Statement Comparison

MetricSBAC (2025)AMT (2025)
Operating Cash Flow i1.42B4.73B
Operating Cash Flow % of Revenue i50.3%44.4%
Capital Expenditures iN/A-1.68B
Free Cash Flow i1.07B3.78B
FCF Margin i37.9%35.5%
Debt Repayment i-1.41B-9.45B
Common Stock Repurchase i-497.81M-364.60M

Short Interest & Institutional Ownership Analysis

MetricSBACAMT
Shares Short i3.45M6.98M
Short Ratio i2.162.15
Short % of Float i4.51%1.72%
Shares Outstanding i105.67M466.32M
Float Shares i105.00M464.68M
% Held by Insiders i0.76%0.09%
% Held by Institutions i99.95%96.27%
% Held by Public i-0.71%3.64%

Dividend Analysis & Yield Comparison: SBA Communications Corporation vs American Tower Corporation

MetricSBACAMT
Last 12-Month Dividend i$5.69$6.80
Last 12-Month Dividend Yield i2.83%3.87%
3-Year Avg Annual Dividend i$4.34$6.58
3-Year Avg Dividend Yield i0.46%0.84%
3-Year Total Dividends i$13.01$19.73
Ex-Dividend DateMar 13, 2026Dec 29, 2025