SBA CommunicationsSBAC -2.19%86 FCF Margin % is 29.38% as of Mar. 2026, which is 28% below its 10-year median of 40.59. GuruFocus rates SBAC with a GF Score™ of 86/100 and a GF Value™ of $233.11 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 936 REITs companies, SBA Communications ranks worse than 53.63% on this metric.
The historical rank and industry rank for SBA Communications's FCF Margin % or its related term are showing as below:
SBAC'
s FCF Margin % Range Over the Past 10 Years
Min: 35.67 Med: 40.59 Max: 48.23
Current: 35.67
During the past 13 years, the highest FCF Margin % of SBA Communications was 48.23%. The lowest was 35.67%. And the median was 40.59%.
SBAC's FCF Margin % is ranked worse than 53.63% of 936
companies
in the REITs industry
Industry Median: 39.735
vs SBAC: 35.67
SBA Communications FCF Margin % Related Terms
SBA Communications FCF Margin % Historical Data
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The historical data trend for SBA Communications's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Specialty subindustry, SBA Communications's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SBA Communications FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, SBA Communications's FCF Margin % distribution charts can be found below:
* The bar in red indicates where SBA Communications's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SBA Communications (SBAC) has a FCF Margin % of 29.38% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on SBA Communications and its competitors. This is 28% below median its historical median of 40.59. Over the past decade, SBA Communications' FCF Margin % has ranged from 35.67 to 48.23. According to the industry distribution chart, SBA Communications ranks #502 out of 936 companies in the REITs industry, placing it in the top 53.6%.
Is SBA Communications' FCF Margin % too high?
SBA Communications' current FCF Margin % of 29.38% is 28% below median its 10-year median of 40.59. Over the past 10 years, this metric has ranged from a low of 35.67 to a high of 48.23. The REITs industry median FCF Margin % is 39.74. SBA Communications' value of 29.38% is 26.1% below this industry median. Based on the distribution chart, SBA Communications ranks #502 out of 936 companies in the REITs industry, which is below the industry midpoint. Overall, SBA Communications has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' FCF Margin % compare to WY and LAMR?
According to the REITs industry distribution chart, SBA Communications ranks #502 out of 936 companies for FCF Margin %. This places SBA Communications in the lower half of its industry. The industry median FCF Margin % is 39.74. SBA Communications' value of 29.38% is 26.1% below this benchmark. Historically, SBA Communications' own FCF Margin % has ranged from 35.67 to 48.23 over the past decade. While the company's 10-year median is 40.59 vs. the industry median of 39.74, SBA Communications has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 39.74, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBA Communications's current FCF Margin % of 29.38% is 26.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on SBA Communications and its competitors. For the REITs industry, the median FCF Margin % is 39.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBA Communications's current FCF Margin % is 29.38%, which is 28% below median its own 10-year median of 40.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBA Communications stock overvalued right now?
Based on GuruFocus' analysis, SBA Communications (SBAC) is currently considered Modestly Undervalued. The stock's GF Value™ is $233.11, compared to a current price of $185.47 — trading 20.4% below its estimated fair value. The current FCF Margin % is 29.38%, which is 28% below median its 10-year median of 40.59 and 26.1% below the REITs industry median of 39.74. SBA Communications' overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For SBA Communications (SBAC), the current FCF Margin % is 29.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SBA Communications (SBAC) Overvalued in 2026?
Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued.
The current stock price of $185.47 is trading 20.4% below its estimated GF Value™ of $233.11.
GuruFocus considers SBA Communications to be Modestly Undervalued.
Key valuation signals for SBAC:
FCF Margin %: 29.38% (28% below median its 10-year median of 40.59)
GF Value™: $233.11 vs. price of $185.47 (20.4% below fair value)
Industry Position: 26.1% below the REITs median (#502 of 936)
No single metric tells the full story. See the SBAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
86GF Score
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