SBAC SBA Communications (SBAC) Insider Trading, Ownership & Congress Trades
Real Estate · Real estate investment trusts · CIK 0001034054
Congress · 1Form 144 · 1
Insider buyers, 180 days
0
Funds added, last quarter
348
13F, latest reported quarter
Conversions, 180 days
32
Codes C/M, not in net · $1.1M priced
What the filings say about SBAC
Insiders, 180 days
-$54.8K net sold
1 seller · 0% of sales under a 10b5-1 plan
Congress, 1 year
1 bought · 1 sold
Latest: sale, 2026-01-09
Planned sales (Form 144), 90 days
$54.8K
1 notice
SBA Communications insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, SBA COMMUNICATIONS CORP insiders sold a net $54.8K of stock across 89 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 6 earlier Form 4 trades (code P or S) here by this insider (6 sales), the last on Aug 21, 2024.
- The trade is 3.5% of the 8,511 shares held after it.
- No other insider sold within 30 days.
- 348 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Krouse George R Jr sold about $54.8K of SBAC on Aug 17, 2026, the largest insider sale at the company since 2025; 348 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 1.3% of the 10,522 shares held after it.
- No other insider sold within 30 days.
- 348 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director LANGER JACK sold about $34.1K of SBAC on May 1, 2025; 348 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 12.7% of the 10,663 shares held after it.
- No other insider sold within 30 days.
- 348 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director LANGER JACK sold about $328.2K of SBAC on May 1, 2025; 348 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 29.1% of the 12,022 shares held after it.
- No other insider sold within 30 days.
- 348 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director LANGER JACK sold about $840.6K of SBAC on May 1, 2025; 348 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Nov 27, 2023.
- The trade is 36.3% of the 6,078 shares held after it.
- 1 other insider sold within 30 days.
- 348 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EXECUTIVE VP/GENERAL COUNSEL KOENIG JOSHUA sold about $495.2K of SBAC on Mar 7, 2025; 1 other insider sold within 30 days and 348 funds added in the latest 13F quarter.89 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$54.8K over 180 days
-$54.8K over 90 days
more than 50% of Real Estate
Congress
1 member bought in the last year
the lowest in Real Estate
Funds
348 funds bought in last quarter
more than 89% of Real Estate
Revenue
+59.9% year over year
more than 94% of Real Estate
Margin
430.9% net margin
more than 94% of Real Estate
Buybacks
$2.2M repurchased, FY to 2026-06-30
below 73% of Real Estate
Short interest
3.2% of the float short (float per yahoo 2026-10-27) · 3.3 days to cover · settled 2026-10-15
below 58% of Real Estate
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch SBAC
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-3.4%12M
Insider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns SBAC: institutional holders (13F)
13F holdings, latest reported quarter
12,323,254 sh
$2.2B
10,138,749 sh
$1.8B
9,817,059 sh
$1.7B
6,936,972 sh
$1.2B
5,119,264 sh
$903.3M
Congress trades in SBAC
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Sold 2026-01-09 · disclosed 35 days later
$1,001 - $15,000
Bought 2025-11-12 · disclosed 33 days later
$1,001 - $15,000
Sold 2025-09-25 · disclosed 27 days later
$1,001 - $15,000
Bought 2025-09-11 · disclosed 41 days later
$1,001 - $15,000
Sold 2025-05-12 · disclosed 41 days later
$50,001 - $100,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
SBAC planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
GEORGE R. KROUSE JR
Filed 2026-08-17
$54.8K
SBAC mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Long Pond Real Estate Select ETF
$8.5M position · as of 2026-05-31
5.5%
First Trust Alerian Disruptive Technology Real Estate ETF
$759.1K position · as of 2026-06-30
5.4%
iShares U.S. Digital Infrastructure and Real Estate ETF
$24.6M position · as of 2026-06-30
4.9%
Motley Fool Mid-Cap Growth ETF
$5.2M position · as of 2026-05-31
4.5%
Pacer Data & Infrastructure Real Estate ETF
$16.0M position · as of 2026-07-31
4.3%
DIAMOND HILL LARGE CAP CONCENTRATED ETF
$3.6M position · as of 2026-06-30
4.1%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $54.8K sold by insiders over 180 days, 348 funds added last quarter, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $54.8K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
SBAC financials
Revenue growth
+59.9%
XBRL, annual
Net margin
430.9%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$2.9B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM SBAC
| FY Dec 2025 | $2.8B |
| FY Dec 2024 | $2.7B |
| FY Dec 2023 | $2.7B |
| FY Dec 2022 | $2.6B |
| FY Dec 2021 | $2.3B |
| Jun 2026 | $715.3M |
| Mar 2026 | $703.4M |
| Dec 2025 | $719.6M |
| Sep 2025 | $732.3M |
| Jun 2025 | $699.0M |
| Mar 2025 | $664.2M |
| Dec 2024 | $693.7M |
| Sep 2024 | $667.6M |
At each fiscal year end
Single quarter
Net margin, TTM
+34.5%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM SBAC
| FY Dec 2025 | +37.4% |
| FY Dec 2024 | +28.0% |
| FY Dec 2023 | +18.5% |
| FY Dec 2022 | +17.5% |
| FY Dec 2021 | +10.3% |
| Jun 2026 | +27.8% |
| Mar 2026 | +26.3% |
| Dec 2025 | +51.5% |
| Sep 2025 | +32.3% |
| Jun 2025 | +32.3% |
| Mar 2025 | +33.2% |
| Dec 2024 | +25.0% |
| Sep 2024 | +38.7% |
At each fiscal year end
Single quarter
Free cash flow, TTM
n/a
capex not filed for the four quarters
Free cash flow, TTM SBAC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | $344.8M |
| Mar 2026 | $206.7M |
| Dec 2025 | $241.3M |
| Sep 2025 | $243.3M |
| Jun 2025 | -$278.8M |
| Mar 2025 | $255.0M |
| Dec 2024 | $254.6M |
| Sep 2024 | $32.4M |
At each fiscal year end
Single quarter
Debt to equity
n/a
equity is zero or negative, the ratio has no meaning
Debt to equity SBAC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.10x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt SBAC
| FY Dec 2025 | 0.10x |
| FY Dec 2024 | 0.10x |
| FY Dec 2023 | 0.13x |
| FY Dec 2022 | 0.10x |
| FY Dec 2021 | 0.10x |
| Jun 2026 | 0.10x |
| Mar 2026 | 0.10x |
| Dec 2025 | 0.10x |
| Sep 2025 | 0.10x |
| Jun 2025 | 0.10x |
| Mar 2025 | 0.11x |
| Dec 2024 | 0.10x |
| Sep 2024 | 0.12x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
n/a
average equity is zero or negative
Return on equity SBAC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+8.8%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets SBAC
| FY Dec 2025 | +9.2% |
| FY Dec 2024 | +6.9% |
| FY Dec 2023 | +4.8% |
| FY Dec 2022 | +4.5% |
| FY Dec 2021 | +2.5% |
| Jun 2026 | +8.8% |
| Mar 2026 | +9.2% |
| Dec 2025 | +9.2% |
| Sep 2025 | +8.0% |
| Jun 2025 | +8.6% |
| Mar 2025 | +8.0% |
| Dec 2024 | +6.9% |
| Sep 2024 | +6.7% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+14.9%
operating income after a 16.6% effective tax rate, over long-term 2026-06-30 plus current 2026-06-30 plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital SBAC
| FY Dec 2025 | +14.8% |
| FY Dec 2024 | +16.9% |
| FY Dec 2023 | +12.1% |
| FY Dec 2022 | +11.0% |
| FY Dec 2021 | +10.7% |
| Jun 2026 | +14.9% |
| Mar 2026 | +14.8% |
| Dec 2025 | +14.8% |
| Sep 2025 | +17.4% |
| Jun 2025 | +18.0% |
| Mar 2025 | +19.8% |
| Dec 2024 | +16.9% |
| Sep 2024 | +16.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+16.3%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed SBAC
| FY Dec 2025 | +14.5% |
| FY Dec 2024 | +15.6% |
| FY Dec 2023 | +9.9% |
| FY Dec 2022 | +9.7% |
| FY Dec 2021 | +8.8% |
| Jun 2026 | +16.3% |
| Mar 2026 | +15.5% |
| Dec 2025 | +14.5% |
| Sep 2025 | +14.9% |
| Jun 2025 | +17.1% |
| Mar 2025 | +17.4% |
| Dec 2024 | +15.6% |
| Sep 2024 | +13.2% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
20.03x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing SBAC
| FY Dec 2025 | 19.74x |
| FY Dec 2024 | 29.37x |
| FY Dec 2023 | 55.03x |
| FY Dec 2022 | 66.58x |
| FY Dec 2021 | 182.64x |
| Jun 2026 | 19.02x |
| Mar 2026 | 18.12x |
| Dec 2025 | 19.74x |
| Sep 2025 | 24.35x |
| Jun 2025 | 28.85x |
| Mar 2025 | 29.10x |
| Dec 2024 | 29.37x |
| Sep 2024 | 37.97x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$32.1B
market value at close 2026-10-26 on 2026-07-28 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value SBAC
| FY Dec 2025 | $33.2B |
| FY Dec 2024 | $35.3B |
| FY Dec 2023 | $39.5B |
| FY Dec 2022 | $43.0B |
| FY Dec 2021 | $54.3B |
| Jun 2026 | $31.1B |
| Mar 2026 | $30.9B |
| Dec 2025 | $33.2B |
| Sep 2025 | $33.0B |
| Jun 2025 | $37.5B |
| Mar 2025 | $35.5B |
| Dec 2024 | $35.3B |
| Sep 2024 | $38.0B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
n/a
capex not filed for the four quarters
FCF yield SBAC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
1.43x
P/E over trailing EPS growth of 14%: four quarters to 2026-06-30 against the four to 2025-06-30
PEG, trailing SBAC
| FY Dec 2025 | 0.48x |
| FY Dec 2024 | 0.58x |
| FY Dec 2023 | 5.79x |
| FY Dec 2022 | 0.68x |
| FY Dec 2021 | 0.19x |
| Jun 2026 | 1.36x |
| Mar 2026 | 0.71x |
| Dec 2025 | 0.48x |
| Sep 2025 | 0.96x |
| Jun 2025 | 0.40x |
| Mar 2025 | 0.60x |
| Dec 2024 | 0.58x |
| Sep 2024 | 0.96x |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.7B | $2.6B |
| Gross profit | $2.1B | $2.1B | $2.1B | $2.0B |
| Operating income | $1.3B | $1.4B | $923.7M | $925.4M |
| Net income | $1.1B | $749.5M | $501.8M | $461.4M |
| EPS (diluted) | 9.80 | 6.94 | 4.61 | 4.22 |
| Operating cash flow | $1.3B | $1.3B | $1.5B | $1.3B |
| Cash | $264.6M | $189.8M | $208.5M | $143.7M |
| Long-term debt | $11.0B | $12.4B | $11.7B | $12.8B |
| Buybacks | $497.8M | $200.0M | $100.0M | $431.7M |
| Dividends paid | $479.0M | $424.2M | $370.0M | $306.8M |
SEC XBRL, fiscal years, as known on 2026-10-28
SBAC Stock Sonar score 6/7 axes
Find similar shapesCompareSBAC ranks highest on profitability (96th percentile) and growth (94th), and lowest on insider conviction (25th), among Real Estate peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
SBAC filings, in plain words
Are SBA Communications insiders buying or selling SBAC?
In the 180 days to 2026-10-28, SBA Communications insiders were net sellers, a net $54.8K across purchases and sales reported on Form 4, by 1 seller.
Have members of Congress traded SBAC?
Yes. In the year to 2026-10-28, 1 House member disclosed buying SBAC and 1 House member disclosed selling it; the latest on record is a sale by Gilbert Cisneros dated 2026-01-09.
Are there planned insider sales of SBAC?
Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-28, covering $54.8K of stock; the latest, by GEORGE R. KROUSE JR, was filed 2026-08-17.
Read the full summary
In the 180 days to 2026-10-28, SBA Communications insiders were net sellers of SBAC, a net $54.8K across purchases and sales reported on Form 4 by 1 seller. In the year to 2026-10-28, 1 member of Congress disclosed buying SBAC and 1 member disclosed selling it; the latest on record is a sale by Gilbert Cisneros dated 2026-01-09. Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-28, covering $54.8K of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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