Healthpeak Properties, Inc. (DOC) vs SBA Communications Corporation (SBAC)

SBAC leads on 7 of 13 compared metrics.

A side-by-side comparison of Healthpeak Properties, Inc. and SBA Communications Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total returnDOC vs SBAC

growth of $100 · dividends reinvested · last 27y
DOC +914.0%SBAC +2148.0%SBAC compounded faster
01k2k3k4kStart $10020042009201420192024$1,014$2,248
DOC SBAC

DOC vs SBAC: by the numbers

  • SBAC is the larger company ($19.30B vs $15.37B market cap).
  • SBAC trades at the lower earnings multiple (19.13 vs 71.37 P/E).
  • SBAC converts more revenue to profit (35.66% vs 7.73% net margin).
  • DOC grew revenue faster over the past five years (19.87% vs 6.18% CAGR).
  • DOC pays the higher dividend yield (5.42% vs 2.59%).

Which is better, DOC or SBAC?

Metric tally: DOC 6 · SBAC 7

It depends on what you're optimizing for:

ValueSBAC(lower P/E)
GrowthDOC(faster 5Y revenue CAGR)
IncomeDOC(higher dividend yield)
QualitySBAC(higher ROIC)

Metrics side by side

Valuation

MetricDOCSBAC
P/E ratio71.3719.13
Forward P/E68.3724.49
P/S ratio5.456.76
P/B ratio2.00
PEG ratio0.48
EV / EBITDA15.6819.66

Profitability

MetricDOCSBAC
Gross margin22.48%41.61%
Operating margin18.31%47.63%
Net margin7.73%35.66%
ROE2.84%-21.71%
ROIC2.94%11.03%

Dividends

MetricDOCSBAC
Dividend yield5.42%2.59%
Payout ratio1220.04%48.02%

Growth (annualized)

MetricDOCSBAC
Revenue CAGR (5Y)19.87%6.18%
EPS CAGR (5Y)-33.52%113.83%
Total return CAGR (5Y)-3.39%-10.10%

Frequently asked

Which is better, DOC or SBAC?
It depends on your goal. value: SBAC (lower P/E); growth: DOC (faster 5Y revenue CAGR); income: DOC (higher dividend yield); quality: SBAC (higher ROIC). Across all compared metrics, SBAC leads 7 to 6.
Is DOC or SBAC cheaper?
On trailing earnings, SBAC is cheaper: DOC trades at a 71.37 P/E and SBAC at 19.13.
Which has grown faster, DOC or SBAC?
Over the past five years, DOC grew revenue faster — DOC at a 19.87% CAGR versus SBAC at 6.18%.
Does DOC or SBAC pay a bigger dividend?
DOC yields 5.42% and SBAC yields 2.59% based on trailing dividends and the latest price.
Is DOC or SBAC more profitable?
SBAC runs the higher net margin — DOC at 7.73% versus SBAC at 35.66%.
Which has been the better investment, DOC or SBAC?
Over the past 10-year, SBAC delivered the higher annualized total return — DOC at 1.25% versus SBAC at 5.89%. Past performance doesn't predict future results.

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 July 20, 2026.