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

TLDR: Quick Comparison Summary

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

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Vital Metrics Comparison

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

American Tower Corporation vs SBA Communications Corporation Stock Performance Analysis

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Performance Comparison

Short-term Returns

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

Long-term Returns

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

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

MetricAMTSBAC
Market Information
Market Cap i$83.48B$23.28B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i3,035,7561,104,330
90 Day Avg. Volume i3,304,0551,416,757
Last Close$185.76$195.82
52 Week Range$165.08 - $234.33$162.41 - $243.16
% from 52W High-20.73%-19.47%
All-Time High$303.72 (Sep 06, 2021)$391.15 (Dec 27, 2021)
% from All-Time High-38.84%-49.94%
Growth Metrics
Quarterly Revenue Growth0.08%0.04%
Quarterly Earnings Growth-0.33%1.13%
Financial Health
Profit Margin (TTM) i0.24%0.37%
Operating Margin (TTM) i0.45%0.52%
Return on Equity (TTM) i0.26%-0.22%
Debt to Equity (MRQ) i434.21-3.21
Cash & Liquidity
Book Value per Share (MRQ)$7.83$-45.93
Cash per Share (MRQ)$3.16$2.50
Operating Cash Flow (TTM) i$5.46B$1.29B
Levered Free Cash Flow (TTM) i$4.51B$918.48M
Dividends
Last 12-Month Dividend Yield i3.87%2.83%
Last 12-Month Dividend i$6.80$5.69

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

MetricAMT (Apr 24, 2026)SBAC (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i32.3622.37
Forward P/E i25.1827.49
PEG Ratio i-0.980.19
Price to Sales (TTM) i7.668.27
Price to Book (MRQ) i22.31-4.89
Market Capitalization
Market Capitalization i$83.48B$23.28B
Enterprise Value i$131.64B$38.36B
Enterprise Value Metrics
Enterprise to Revenue i12.3713.63
Enterprise to EBITDA i19.0621.19
Risk & Other Metrics
Beta i0.930.88
Book Value per Share (MRQ) i$7.83$-45.93

Financial Statements Comparison: American Tower Corporation vs SBA Communications Corporation

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricAMT (2025)SBAC (2025)
Revenue/Sales i10.64B2.82B
Cost of Goods Sold i2.75B690.97M
COGS % of Revenue i25.8%24.5%
Gross Profit i7.90B2.12B
Gross Margin i74.2%75.5%
Research & Development iN/AN/A
Operating Income (EBIT) i4.93B1.55B
Operating Margin i46.3%55.2%
EBITDA i7.34B2.22B
EBITDA Margin i68.9%79.0%
Pre-Tax Income i3.04B1.24B
Pre-Tax Income % of Revenue i28.6%44.1%
Income Tax i415.70M187.58M
Income Tax % of Revenue i3.9%6.7%
Net Income (Profit) i2.63B1.05B
Profit Margin i24.7%37.5%

Balance Sheet & Liquidity Metrics

MetricAMT (2025)SBAC (2025)
Cash & Equivalents i1.47B264.57M
Total Current Assets i2.74B773.43M
Total Current Assets % of Revenue i25.8%27.5%
Total Current Liabilities i6.91B2.68B
Total Current Liabilities % of Revenue i65.0%95.1%
Long-Term Debt i40.99B13.08B
Long-Term Debt % of Revenue i385.1%464.8%
Total Shareholders Equity i10.36B-4.78B
Retained Earnings i-5.09B-7.25B
Retained Earnings % of Revenue i-47.8%-257.5%
Property, Plant & Equipment i30.88B11.46B

Cash Flow Statement Comparison

MetricAMT (2025)SBAC (2025)
Operating Cash Flow i4.73B1.42B
Operating Cash Flow % of Revenue i44.4%50.3%
Capital Expenditures i-1.68BN/A
Free Cash Flow i3.78B1.07B
FCF Margin i35.5%37.9%
Debt Repayment i-9.45B-1.41B
Common Stock Repurchase i-364.60M-497.81M

Short Interest & Institutional Ownership Analysis

MetricAMTSBAC
Shares Short i6.98M3.45M
Short Ratio i2.152.16
Short % of Float i1.72%4.51%
Shares Outstanding i466.32M105.67M
Float Shares i464.68M105.00M
% Held by Insiders i0.09%0.76%
% Held by Institutions i96.27%99.95%
% Held by Public i3.64%-0.71%

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

MetricAMTSBAC
Last 12-Month Dividend i$6.80$5.69
Last 12-Month Dividend Yield i3.87%2.83%
3-Year Avg Annual Dividend i$6.58$4.34
3-Year Avg Dividend Yield i0.84%0.46%
3-Year Total Dividends i$19.73$13.01
Ex-Dividend DateDec 29, 2025Mar 13, 2026