Sba Communications (SBAC) Shares Outstanding (Diluted) (2012 - 2026)
Sba Communications' Shares Outstanding (Diluted) came in at 106.26 million for Q2 2026, down 1.4% from 107.8 million a year earlier but up 0.1% from the prior quarter.
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Analysis
Sba Communications (SBAC) Shares Outstanding (Diluted) (2012 - 2026) Analysis & Trends
For FY2025, Sba Communications' Shares Outstanding (Diluted) was 107.53 million, down 0.5% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last 12 years, with a five-year compound annual growth rate of -1.1% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 108.08 million in FY2024 (-0.8%), 108.91 million in FY2023 (-0.4%), 109.39 million in FY2022 (-1.6%) and 111.18 million in FY2021 (-2.0%).
- The five-year range for quarterly Shares Outstanding (Diluted) is 106.11 million (Q1 2026) to 111.57 million (Q3 2021).
- Year-over-year, Shares Outstanding (Diluted) has declined for four consecutive quarters, with an average decline of 0.8% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q2 2025 (growth of 0.1%), and the weakest in Q4 2021 (a decline of 2.0%).
- Business Quant data shows SBAC's Shares Outstanding (Diluted) at 106.11 million (Q1 2026), 107.53 million (Q4 2025) and 107.56 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 466.27 Mn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 361.54 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 434.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 106.26 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 101.59 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 177.50 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 86.51 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 333.06 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 637.33 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 508.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 106.26 Mn |
| Mar 31, 2026 | 106.11 Mn |
| Dec 31, 2025 | 107.53 Mn |
| Sep 30, 2025 | 107.56 Mn |
| Jun 30, 2025 | 107.80 Mn |
| Mar 31, 2025 | 108.14 Mn |
| Dec 31, 2024 | 108.08 Mn |
| Sep 30, 2024 | 107.92 Mn |
| Jun 30, 2024 | 107.68 Mn |
| Mar 31, 2024 | 108.62 Mn |
| Dec 31, 2023 | 108.91 Mn |
| Sep 30, 2023 | 108.89 Mn |
| Jun 30, 2023 | 108.88 Mn |
| Mar 31, 2023 | 109.27 Mn |
| Dec 31, 2022 | 109.39 Mn |
| Sep 30, 2022 | 109.36 Mn |
| Jun 30, 2022 | 109.35 Mn |
| Mar 31, 2022 | 109.54 Mn |
| Dec 31, 2021 | 111.18 Mn |
| Sep 30, 2021 | 111.57 Mn |
API Access
Sba Communications Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=SBAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=SBAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();