CBRE Group, Inc. (CBRE) vs SBA Communications Corporation (SBAC)
A side-by-side comparison of CBRE Group, Inc. and SBA Communications Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — CBRE vs SBAC
growth of $100 · dividends reinvested · last 10yCBRE vs SBAC: by the numbers
- •CBRE is the larger company ($39.02B vs $17.62B market cap).
- •SBAC converts more revenue to profit (34.51% vs 2.98% net margin).
- •CBRE grew revenue faster over the past five years (11.83% vs 5.63% CAGR).
- •SBAC pays a dividend (2.54% yield), while CBRE has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | CBRE | SBAC |
|---|---|---|
| P/E ratio | 30.90 | 17.88 |
| Forward P/E | 17.20 | 21.58 |
| P/S ratio | 0.89 | 6.14 |
| P/B ratio | 4.65 | N/A |
| EV / EBITDA | 21.20 | 17.48 |
| FCF yield | 2.40% | 5.96% |
For REITs like CBRE Group, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like SBA Communications Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | CBRE | SBAC |
|---|---|---|
| Gross margin | 17.66% | 41.61% |
| Operating margin | 3.61% | 50.79% |
| Net margin | 2.98% | 34.51% |
| ROE | 15.49% | N/A |
| ROIC | 5.77% | 11.87% |
Dividends
| Metric | CBRE | SBAC |
|---|---|---|
| Dividend yield | N/A | 2.54% |
| Payout ratio | N/A | 50.81% |
CBRE Group, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
SBA Communications Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | CBRE | SBAC |
|---|---|---|
| Revenue CAGR (5Y) | 11.83% | 5.63% |
| EPS CAGR (5Y) | 11.62% | 115.83% |
| FCF CAGR (5Y) | -13.21% | 1.35% |
| Total return CAGR (5Y) | 7.71% | -10.57% |
Frequently asked
- Which has grown faster, CBRE or SBAC?
- Over the past five years, CBRE grew revenue faster — CBRE at a 11.83% CAGR versus SBAC at 5.63%.
- Does CBRE or SBAC pay a bigger dividend?
- SBAC pays a dividend (2.54% yield), while CBRE has no payments in the available dividend history.
- Is CBRE or SBAC more profitable?
- SBAC runs the higher net margin — CBRE at 2.98% versus SBAC at 34.51%.
- How have CBRE and SBAC total returns compared?
- Over the past 10 years, CBRE delivered 17.55% and SBAC delivered 6.38% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CBRE & SBA Communications appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.