Is SBAC or TRNO cheaper?

On trailing earnings, TRNO is cheaper: SBAC trades at a 21.53 P/E and TRNO at 16.49.

Which has grown faster, SBAC or TRNO?

Over the past five years, TRNO grew revenue faster — SBAC at a 6.18% CAGR versus TRNO at 20.57%.

Does SBAC or TRNO pay a bigger dividend?

SBAC yields 2.30% and TRNO yields 3.05% based on trailing dividends and the latest price.

Is SBAC or TRNO more profitable?

TRNO runs the higher net margin — SBAC at 35.66% versus TRNO at 86.52%.

Which has been the better investment, SBAC or TRNO?

Over the past 10-year, TRNO delivered the higher annualized total return — SBAC at 8.32% versus TRNO at 13.47%. Past performance doesn't predict future results.

SBA Communications Corporation (SBAC) vs Terreno Realty Corporation (TRNO)

TRNO leads on 9 of 15 compared metrics.

A side-by-side comparison of SBA Communications Corporation and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

SBAC

SBA Communications Corporation

$21.72B

$204.79Real Estate

TRNO

Terreno Realty Corporation

$7.15B

$67.27Real Estate

Total return — SBAC vs TRNO

growth of $100 · last 16y

SBAC +516.1%TRNO +260.7%SBAC compounded faster

SBAC TRNO

SBAC vs TRNO: by the numbers

•SBAC is the larger company ($21.72B vs $7.15B market cap).
•TRNO trades at the lower earnings multiple (16.49 vs 21.53 P/E).
•TRNO converts more revenue to profit (86.52% vs 35.66% net margin).
•TRNO grew revenue faster over the past five years (20.57% vs 6.18% CAGR).
•TRNO pays the higher dividend yield (3.05% vs 2.30%).

Which is better, SBAC or TRNO?

Metric tally: SBAC 6 · TRNO 9

It depends on what you're optimizing for:

ValueTRNO(lower P/E)

GrowthTRNO(faster 5Y revenue CAGR)

IncomeTRNO(higher dividend yield)

QualitySBAC(higher ROIC)

Valuation

Metric	SBAC	TRNO
P/E ratio	21.53	16.49●
Forward P/E	24.39●	40.04
P/S ratio	7.61●	14.43
P/B ratio	—	1.65
PEG ratio	0.48	0.14●
EV / EBITDA	17.49	13.82●
FCF yield	4.69%●	2.87%

Profitability

Metric	SBAC	TRNO
Gross margin	63.62%	63.89%
Operating margin	47.63%●	40.81%
Net margin	35.66%	86.52%●
ROE	-21.71%	9.88%●
ROIC	10.05%●	3.66%

Dividends

Metric	SBAC	TRNO
Dividend yield	2.30%	3.05%●
Payout ratio	48.02%	52.16%

Growth (annualized)

Metric	SBAC	TRNO
Revenue CAGR (5Y)	6.18%	20.57%●
EPS CAGR (5Y)	113.83%●	35.52%
FCF CAGR (5Y)	-0.03%	22.41%●
Total return CAGR (5Y)	-6.93%	3.07%●

Frequently asked

Which is better, SBAC or TRNO?: It depends on your goal. value: TRNO (lower P/E); growth: TRNO (faster 5Y revenue CAGR); income: TRNO (higher dividend yield); quality: SBAC (higher ROIC). Across all compared metrics, TRNO leads 9 to 6.
Is SBAC or TRNO cheaper?: On trailing earnings, TRNO is cheaper: SBAC trades at a 21.53 P/E and TRNO at 16.49.
Which has grown faster, SBAC or TRNO?: Over the past five years, TRNO grew revenue faster — SBAC at a 6.18% CAGR versus TRNO at 20.57%.
Does SBAC or TRNO pay a bigger dividend?: SBAC yields 2.30% and TRNO yields 3.05% based on trailing dividends and the latest price.
Is SBAC or TRNO more profitable?: TRNO runs the higher net margin — SBAC at 35.66% versus TRNO at 86.52%.
Which has been the better investment, SBAC or TRNO?: Over the past 10-year, TRNO delivered the higher annualized total return — SBAC at 8.32% versus TRNO at 13.47%. Past performance doesn't predict future results.

Go deeper

Full SBAC analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

SBA Communications P/E ratio Terreno Realty P/E ratio SBA Communications dividend yield Terreno Realty dividend yield SBA Communications ROE Terreno Realty ROE SBA Communications operating margin Terreno Realty operating margin SBA Communications revenue growth Terreno Realty revenue growth SBA Communications free cash flow Terreno Realty free cash flow

SBA Communications & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 13, 2026.