Sba Communications (SBAC) Return on Invested Capital [ROIC] (2010 - 2026)
Sba Communications' Return on Invested Capital [ROIC] was 13.99% in Q2 2026, down 3.13 percentage points from 17.12% a year earlier but up 0.05 percentage points from the prior quarter.
Powered by 
Analysis
Sba Communications (SBAC) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Sba Communications came in at 13.79%, down 4.00 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +13.79 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.80% in FY2024 (+6.43 pp), 11.36% in FY2023 (+0.29 pp), 11.08% in FY2022 (unchanged) and 11.08% in FY2021 (+11.08 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between 9.18% (Q3 2021) and 17.81% (Q4 2024) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for three straight quarters, with an average year-over-year change of +0.89 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 10.59 percentage points); the worst was Q4 2025 (a drop of 3.39 percentage points).
- Per Business Quant data, SBAC's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 13.94% (Q1 2026), 14.41% (Q4 2025) and 16.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 75.57 Bn | 75.31 Bn | 2.72 Bn | 9.21% |
| 2 | Digital Realty Trust | 66.06 Bn | 56.59 Bn | - | 2.12% |
| 3 | Crown Castle | 28.31 Bn | 27.05 Bn | 989.00 Mn | 10.36% |
| 4 | Sba Communications | 16.81 Bn | 16.90 Bn | 539.27 Mn | 13.99% |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 16.13% |
| 6 | OUTFRONT Media | 5.05 Bn | 4.82 Bn | 276.40 Mn | 12.10% |
| 7 | Array Digital Infrastructure | 2.97 Bn | 1.87 Bn | 30.57 Mn | 19.26% |
| 8 | IHS Holding | 2.79 Bn | -67.81 Mn | 207.10 Mn | 23.09% |
| 9 | Fermi | 2.57 Bn | 1.71 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.22 Bn | 503.54 Mn | 241.86 Mn | 17.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.99% |
| Mar 31, 2026 | 13.94% |
| Dec 31, 2025 | 14.41% |
| Sep 30, 2025 | 16.61% |
| Jun 30, 2025 | 17.12% |
| Mar 31, 2025 | 17.13% |
| Dec 31, 2024 | 17.81% |
| Sep 30, 2024 | 16.11% |
| Jun 30, 2024 | 14.91% |
| Mar 31, 2024 | 13.71% |
| Dec 31, 2023 | 11.55% |
| Sep 30, 2023 | 11.63% |
| Jun 30, 2023 | 11.53% |
| Mar 31, 2023 | 10.39% |
| Dec 31, 2022 | 11.10% |
| Sep 30, 2022 | 11.54% |
| Jun 30, 2022 | 11.22% |
| Mar 31, 2022 | 9.88% |
| Dec 31, 2021 | 10.59% |
| Sep 30, 2021 | 9.18% |
API Access
Sba Communications Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SBAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "SBAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SBAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();