SBA Communications Corporation (SBAC) Return on Invested Capital (ROIC): 10.05%
Is SBA Communications Corporation’s return on invested capital (ROIC) high or low?
SBA Communications Corporation's return on invested capital (ROIC) of 10.05% is 62% above its 5-year average of 6.20%, near the high end of its 5-year range (-9.75%–12.57%).
As of Tuesday, June 16, 2026. 11.14% below its 12-month average of 11.31%.
SBAC Return on Invested Capital (ROIC) Chart
SBAC Average Return on Invested Capital (ROIC) Chart
SBAC Current vs Average Return on Invested Capital (ROIC) Chart
SBAC Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
10.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.79%
CURRENT VS TTM AVG
-11.14%
CURRENT VS 3Y AVG
+2.60%
CURRENT VS 5Y AVG
+62.01%
CURRENT VS 10Y AVG
+72.20%
CURRENT VS 15Y AVG
+67.93%
CURRENT VS 20Y AVG
+110.01%
SBAC Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SBA Communications Corporation (SBAC) | $20.77B | 10.05% | 11.31% | 9.79% | 6.20% |
| Essex Property Trust, Inc. (ESS)vs › | $18.18B | 6.13% | 5.87% | 5.39% | 4.94% |
| Kimco Realty Corporation (KIM)vs › | $17.10B | 3.80% | 3.38% | 3.04% | 2.90% |
| AvalonBay Communities, Inc. (AVB)vs › | $26.17B | 4.28% | 4.40% | 4.28% | 4.02% |
| Regency Centers Corporation (REG)vs › | $14.49B | 4.43% | 6.21% | 6.92% | 6.92% |
| UDR, Inc. (UDR)vs › | $12.64B | 29.38% | 16.04% | 10.05% | 7.56% |
| VICI Properties Inc. (VICI)vs › | $30.14B | 7.92% | 7.91% | 6.98% | 6.96% |
| Federal Realty Investment Trust (FRT)vs › | $10.77B | 480.25% | 243.00% | 124.41% | 84.51% |
| Agree Realty Corporation (ADC)vs › | $8.96B | 3.51% | 3.52% | 3.39% | 3.41% |
| NNN REIT, Inc. (NNN)vs › | $8.74B | 6.10% | 6.31% | 6.25% | 5.96% |
Capital Efficiency
ROIC
10.1%
ROE
-21.7%
SBA Communications Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
SBA Communications Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The return on invested capital (ROIC) for SBAC stock is 10.05%.
- Is SBA Communications Corporation's return on invested capital (ROIC) high or low?
- SBA Communications Corporation's return on invested capital (ROIC) of 10.05% is 62% above its 5-year average of 6.20%, near the high end of its 5-year range (-9.75%–12.57%).
- What is the TTM average return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The TTM average return on invested capital (ROIC) for SBAC stock is 11.31%.
- What is the 3Y average return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The 3Y average return on invested capital (ROIC) for SBAC stock is 9.79%.
- What is the 5Y average return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The 5Y average return on invested capital (ROIC) for SBAC stock is 6.20%.
- What is the 10Y average return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The 10Y average return on invested capital (ROIC) for SBAC stock is 5.84%.
- What is the 15Y average return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The 15Y average return on invested capital (ROIC) for SBAC stock is 5.98%.
- What is the 20Y average return on invested capital (ROIC) for SBA Communications Corporation (SBAC)?
- The 20Y average return on invested capital (ROIC) for SBAC stock is 4.79%.
SBA Communications Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 10.05% |
| 2024-12-31 | 12.57% |
| 2023-12-31 | 8.61% |
| 2022-12-31 | 7.95% |
| 2021-12-31 | 7.79% |
| 2020-12-31 | -9.75% |
| 2019-12-31 | 4.85% |
| 2018-12-31 | 7.19% |
| 2017-12-31 | 5.76% |
| 2016-12-31 | 4.75% |
| 2015-12-31 | 4.43% |
| 2014-12-31 | 4.46% |
| 2013-12-31 | 3.44% |
| 2012-12-31 | 2.47% |
| 2011-12-31 | 3.18% |
| 2010-12-31 | 2.27% |
| 2009-12-31 | 1.73% |
| 2008-12-31 | 1.46% |
| 2007-12-31 | 1.30% |
| 2006-12-31 | 0.98% |
| 2005-12-31 | 0.47% |
| 2004-12-31 | -2.75% |
| 2003-12-31 | -4.67% |
| 2002-12-31 | -11.45% |
| 2001-12-31 | -3.65% |
| 2000-12-31 | -3.46% |
| 1999-12-31 | -7.74% |
| 1998-12-31 | -11.17% |
Related Metrics
About SBA Communications Corporation
SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central activity revolves around renting out capacity on its shared communication towers to various wireless service providers through long-term contractual agreements. For further details, please visit www.sbasite.com.
- Sector
- Real Estate
- Industry
- REIT - Specialty
- CEO
- Brendan Thomas Cavanagh