Realty Income Corporation (O) vs SBA Communications Corporation (SBAC)
SBAC leads on 8 of 14 compared metrics.
A side-by-side comparison of Realty Income Corporation and SBA Communications Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
O
Realty Income Corporation
$62.72Real Estate
SBAC
SBA Communications Corporation
$204.79Real Estate
Total return — O vs SBAC
growth of $100 · last 27yO +442.6%SBAC +2206.2%SBAC compounded faster
O SBAC
O vs SBAC: by the numbers
- •O is the larger company ($58.49B vs $21.72B market cap).
- •SBAC trades at the lower earnings multiple (21.53 vs 51.41 P/E).
- •SBAC converts more revenue to profit (35.66% vs 18.94% net margin).
- •O grew revenue faster over the past five years (28.65% vs 6.18% CAGR).
- •O pays the higher dividend yield (5.16% vs 2.30%).
Which is better, O or SBAC?
Metric tally: O 6 · SBAC 8It depends on what you're optimizing for:
ValueSBAC(lower P/E)
GrowthO(faster 5Y revenue CAGR)
IncomeO(higher dividend yield)
QualityO(higher ROIC)
Valuation
| Metric | O | SBAC |
|---|---|---|
| P/E ratio | 51.41 | 21.53● |
| Forward P/E | 34.95 | 24.39● |
| P/S ratio | 9.59 | 7.61● |
| P/B ratio | 1.45 | — |
| PEG ratio | 2.49 | 0.48● |
| EV / EBITDA | 20.50 | 17.49● |
Profitability
| Metric | O | SBAC |
|---|---|---|
| Gross margin | 68.62%● | 63.62% |
| Operating margin | 29.27% | 47.63%● |
| Net margin | 18.94% | 35.66%● |
| ROE | 2.86%● | -21.71% |
| ROIC | 24.52%● | 10.05% |
Dividends
| Metric | O | SBAC |
|---|---|---|
| Dividend yield | 5.16%● | 2.30% |
| Payout ratio | 276.67% | 48.02% |
Growth (annualized)
| Metric | O | SBAC |
|---|---|---|
| Revenue CAGR (5Y) | 28.65%● | 6.18% |
| EPS CAGR (5Y) | 0.35% | 113.83%● |
| Total return CAGR (5Y) | 3.50%● | -6.93% |
Frequently asked
- Which is better, O or SBAC?
- It depends on your goal. value: SBAC (lower P/E); growth: O (faster 5Y revenue CAGR); income: O (higher dividend yield); quality: O (higher ROIC). Across all compared metrics, SBAC leads 8 to 6.
- Is O or SBAC cheaper?
- On trailing earnings, SBAC is cheaper: O trades at a 51.41 P/E and SBAC at 21.53.
- Which has grown faster, O or SBAC?
- Over the past five years, O grew revenue faster — O at a 28.65% CAGR versus SBAC at 6.18%.
- Does O or SBAC pay a bigger dividend?
- O yields 5.16% and SBAC yields 2.30% based on trailing dividends and the latest price.
- Is O or SBAC more profitable?
- SBAC runs the higher net margin — O at 18.94% versus SBAC at 35.66%.
- Which has been the better investment, O or SBAC?
- Over the past 10-year, SBAC delivered the higher annualized total return — O at 4.90% versus SBAC at 8.32%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Realty Income P/E ratioSBA Communications P/E ratioRealty Income dividend yieldSBA Communications dividend yieldRealty Income ROESBA Communications ROERealty Income operating marginSBA Communications operating marginRealty Income revenue growthSBA Communications revenue growthRealty Income free cash flowSBA Communications free cash flow
Realty Income & 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 June 14, 2026.