# SBAC · SBA Communications Corp

Snapshot 2026-10-26 · CIK 0001034054 · Nasdaq · Real Estate Investment Trusts

Price 184.75 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 19.6 B

Machine-readable: https://theclaudetrader.com/s/SBAC.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: — (not scored (financial)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham

### Magic Formula: — (not scored) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 32.4 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: -10.8 % · threshold  · points 12.1/50
-  6 month return: -14.8 % · threshold  · points 2.9/20
-  Price / 52-week high: 0.836  · threshold  · points 12.5/15
-  Volatility penalty (60d annualised): 33.5 % · threshold  · points 4.9/15

Inputs:
  - Adjusted close series (14 months): 184.75 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.03 bp · threshold  · points -1.0/0

Inputs:
  - Form 4 S Krouse George R Jr 2026-08-17: 54800.99999999999 · 2026-08-17 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1034054/000147395526000008/

### Buffett Quality: — (not scored (financial)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett

### Lynch GARP: — (not scored (financial)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch

### Graham Enterprising: — (not scored (financial)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising

### Piotroski F-Score: — (not scored (financial)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 184.75 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 106,088,110 underlying shares, period 2026-07-28, SEC cover page 10-Q 0001034054-26-000011 (106,088,110 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1034054/000103405426000011/sbac-20260630x10q.htm, accession 0001034054-26-000011 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000011/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 19,599,778,322 USD; 184.75 (price 2026-10-23) / 1 x 106,088,110 (shares at 2026-07-28) = 19,599,778,322

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-31): 1304866000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405416000018/
- FY2014 (ended 2014-12-31): 1526996000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405417000003/
- FY2015 (ended 2015-12-31): 1638474000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405418000003/
- FY2016 (ended 2016-12-31): 1633125000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/
- FY2017 (ended 2017-12-31): 1727674000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/
- FY2018 (ended 2018-12-31): 1865695000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/
- FY2019 (ended 2019-12-31): 2014645000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/
- FY2020 (ended 2020-12-31): 2083138000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/
- FY2021 (ended 2021-12-31): 2308834000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/
- FY2022 (ended 2022-12-31): 2633454000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/
- FY2023 (ended 2023-12-31): 2711584000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/
- FY2024 (ended 2024-12-31): 2679634000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/
- FY2025 (ended 2025-12-31): 2815139000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-31): -55909000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405416000018/
- FY2014 (ended 2014-12-31): -24295000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405417000003/
- FY2015 (ended 2015-12-31): -175656000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405418000003/
- FY2016 (ended 2016-12-31): 76238000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405419000002/
- FY2017 (ended 2017-12-31): 103654000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405420000003/
- FY2018 (ended 2018-12-31): 47451000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405421000003/
- FY2019 (ended 2019-12-31): 146991000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405422000002/
- FY2020 (ended 2020-12-31): 24104000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405423000002/
- FY2021 (ended 2021-12-31): 237624000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405424000002/
- FY2022 (ended 2022-12-31): 461429000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405425000002/
- FY2023 (ended 2023-12-31): 501812000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/
- FY2024 (ended 2024-12-31): 749536000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/
- FY2025 (ended 2025-12-31): 1053632000.0 · https://www.sec.gov/Archives/edgar/data/1034054/000103405426000002/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2014 (ended 2014-12-31): -0.19 [filed -0.19, split factor 1.0]
- FY2015 (ended 2015-12-31): -1.37 [filed -1.37, split factor 1.0]
- FY2016 (ended 2016-12-31): 0.61 [filed 0.61, split factor 1.0]
- FY2017 (ended 2017-12-31): 0.86 [filed 0.86, split factor 1.0]
- FY2018 (ended 2018-12-31): 0.41 [filed 0.41, split factor 1.0]
- FY2019 (ended 2019-12-31): 1.28 [filed 1.28, split factor 1.0]
- FY2020 (ended 2020-12-31): 0.21 [filed 0.21, split factor 1.0]
- FY2021 (ended 2021-12-31): 2.14 [filed 2.14, split factor 1.0]
- FY2022 (ended 2022-12-31): 4.22 [filed 4.22, split factor 1.0]
- FY2023 (ended 2023-12-31): 4.61 [filed 4.61, split factor 1.0]
- FY2024 (ended 2024-12-31): 6.94 [filed 6.94, split factor 1.0]
- FY2025 (ended 2025-12-31): 9.8 [filed 9.8, split factor 1.0]

## Dividend years (Yahoo history)

2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-08-17 S Krouse George R Jr (director) 300 @ 182.67 = 54801 · https://www.sec.gov/Archives/edgar/data/1034054/000147395526000008/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001034054
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001034054.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001034054&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001034054&type=8-K
- yahoo: https://finance.yahoo.com/quote/SBAC
- stooq: https://stooq.com/q/d/?s=sbac.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=SBAC
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=SBAC
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/sbac/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/SBAC
- openinsider (link only, nothing stored): http://openinsider.com/search?q=SBAC
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=SBAC+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/SBAC; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.