What is the 13F Pro Quality Score for SBAC?

13F Pro ranks SBA COMMUNICATIONS CORP (SBAC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SBAC's current score at https://13fpro.ai/research/SBAC (free sign-up required for the full ranking).

Which hedge funds own the most SBAC stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SBAC include DODGE & COX, BlackRock,, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/SBAC as soon as new 13F filings post.

Where does 13F Pro source SBAC data?

All SBA COMMUNICATIONS CORP fundamentals and ownership data come directly from SEC EDGAR. SBA COMMUNICATIONS CORP files with the SEC under CIK 1034054. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SBAC in?

SBA COMMUNICATIONS CORP (SBAC) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

How often is SBAC research updated on 13F Pro?

SBAC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

SBA COMMUNICATIONS CORP(SBAC)Stock Analysis

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13F Pro Quality Score

71.3/100

Rank #265 of 2,879 stocksTOP 10%

View Real Estate peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

72.2/100

Profitability

98.2/100

Balance Sheet

80.3/100

Earnings Quality

73.8/100

Free Cash Flow

96.8/100

Institutional Flow

25.1/100

Revenue Scale

26.2/100

Dilution Risk

35.9/100

SBAC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for SBA COMMUNICATIONS CORP (SBAC), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores SBAC at 71.3/100 on a 32-signal composite quality model, placing it at rank #265 of 2,879 stocks — the top 10% of the AI-ranked universe. SBAC scores in the top quartile across profitability (98.2), free cash flow (96.8), balance sheet strength (80.3). Areas of concern include institutional flow (25.1) and revenue scale (26.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), SBA COMMUNICATIONS CORP reports quarterly revenue of $703.4M, net income of $184.8M, an operating margin of 48.7%. Top institutional holders of SBAC by reported 13-F value include DODGE & COX, BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. SBAC trades on the Nasdaq exchange and files with the SEC under CIK 1034054. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SBAC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SBA COMMUNICATIONS CORP directly from SEC EDGAR. SBA COMMUNICATIONS CORP's 13F Pro composite quality score has ranged between 8 and 87 since 2021, currently 71.3 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about SBA COMMUNICATIONS CORP

Quirks, history, and lore behind SBAC — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. Real Estate company structured as a REIT · listed on Nasdaq · headquartered in Florida.
2
The Numbers
Owns and operates roughly 17,000 cell tower sites across the Americas, generating annual revenue in the low billions — all from renting vertical space.
3
The History
Founded in the late 1990s to capitalize on the wireless buildout boom, it converted to a REIT structure in the early 2010s to unlock major tax advantages.
4
The Secret
It doesn't run a wireless network — it just owns the steel and concrete that everyone else's networks hang on, collecting long-term leases from carriers who can't easily leave.
5
The Lore
Unlike its two giant tower rivals, this company has leaned heavily into Latin America, with a significant share of its portfolio sitting south of the U.S. border.
6
The Giveaway
Its ticker is four letters starting with SB, it's one of the Big Three U.S. cell tower REITs, and its initials literally stand for its founder's initials plus the word Communications.

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Revenue

Q1 2026

$703.4M

Net Income

Q1 2026

$184.8M

Free Cash Flow

Q1 2026

$206.7M

Operating Margin

Q1 2026

48.7%

ROIC

Q1 2026

4.2%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-1.2% YoY

$2.68BFY 2024

FY20 $2.08BFY22 $2.63BFY23 $2.71BFY24 $2.68B

Net Income

+49.4% YoY

$749.5MFY 2024

FY20 $24.1MFY22 $461.4MFY23 $501.8MFY24 $749.5M

Operating Income

+55.4% YoY

$1.44BFY 2024

FY20 $633.7MFY22 $925.4MFY23 $923.7MFY24 $1.44B

EPS (Diluted)

+50.5% YoY

$6.94FY 2024

FY20 $0.21FY22 $4.22FY23 $4.61FY24 $6.94

Total Assets

+12.2% YoY

$11.42BFY 2024

FY20 $9.16BFY22 $10.59BFY23 $10.18BFY24 $11.42B

Total Debt

+14.0% YoY

$14.78BFY 2024

FY20 $11.12BFY22 $12.89BFY23 $12.97BFY24 $14.78B

Op. Cash Flow

-13.6% YoY

$1.33BFY 2024

FY20 $1.13BFY22 $1.29BFY23 $1.54BFY24 $1.33B

Metric	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018
Revenue	$2.68B -1.2%	$2.71B +3.0%	$2.63B +26.4%	$2.08B +3.4%	$2.01B +8.0%	$1.87B
Net Income	$749.5M +49.4%	$501.8M +8.8%	$461.4M +1814.3%	$24.1M -83.6%	$147.0M +209.8%	$47.5M
Operating Income	$1.44B +55.4%	$923.7M -0.2%	$925.4M +46.0%	$633.7M +8.6%	$583.5M +7.2%	$544.2M
EPS (Diluted)	$6.94 +50.5%	$4.61 +9.2%	$4.22 +1909.5%	$0.21 -83.6%	$1.28 +212.2%	$0.41
Total Assets	$11.42B +12.2%	$10.18B -3.8%	$10.59B +15.6%	$9.16B -6.2%	$9.76B +35.3%	$7.21B
Total Debt	$14.78B +14.0%	$12.97B +0.6%	$12.89B +15.9%	$11.12B +2.4%	$10.86B -0.2%	$10.88B
Operating Cash Flow	$1.33B -13.6%	$1.54B +20.1%	$1.29B +14.2%	$1.13B +16.1%	$970.0M +14.0%	$850.6M

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Available Research

13F Pro tracks comprehensive data for SBA COMMUNICATIONS CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SBAC

DODGE & COX
$2.1B12,080,284 sh
BlackRock, Inc.
$1.7B10,117,027 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.7B9,706,096 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.2B6,924,961 sh
STATE STREET CORP
$853.9M4,961,564 sh
GEODE CAPITAL MANAGEMENT, LLC
$540.2M3,149,533 sh
Invesco Ltd.
$338.0M1,963,968 sh
DIAMOND HILL CAPITAL MANAGEMENT INC
$332.9M1,934,471 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$278.0M1,615,054 sh
DIMENSIONAL FUND ADVISORS LP
$277.6M1,612,785 sh

Fund	Value	Shares
DODGE & COX	$2.1B	12,080,284
BlackRock, Inc.	$1.7B	10,117,027
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.7B	9,706,096
VANGUARD CAPITAL MANAGEMENT LLC	$1.2B	6,924,961
STATE STREET CORP	$853.9M	4,961,564
GEODE CAPITAL MANAGEMENT, LLC	$540.2M	3,149,533
Invesco Ltd.	$338.0M	1,963,968
DIAMOND HILL CAPITAL MANAGEMENT INC	$332.9M	1,934,471
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$278.0M	1,615,054
DIMENSIONAL FUND ADVISORS LP	$277.6M	1,612,785

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Is SBAC a good stock to buy?

13F Pro's AI-powered analysis of SBA COMMUNICATIONS CORP (SBAC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SBAC are available on the SBAC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SBAC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SBAC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SBA COMMUNICATIONS CORP's investment landscape.