Buyback yield (TTM)
2.73%
Shareholder yield (TTM)
5.43%
5Y share count change
-5.2%
Buyback spend (TTM)
$497.81M
Cumulative buybacks
$6.71B
Key takeaways
- SBA Communications (SBAC) repurchased about $497.81M of stock over the trailing twelve months.
- Diluted share count is down 5.2% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 6.30× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -10.3% per year over the latest 5-year window.
- TTM repurchases used about 95% of free cash flow remaining after dividends.
Dividend & buyback yield over time for SBA Communications (SBAC)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for SBA Communications (SBAC)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for SBA Communications (SBAC)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for SBA Communications (SBAC)
Latest: $497.81M
Overview
As of the 2025 fiscal year, SBA Communications (SBAC) reported buyback spend of $497.81M – surged 148.9% year-over-year.
SBA Communications buyback spend has grown for 2 consecutive years, with a -10.3% compound annual growth rate over 2020–2025 (5 years).
SBA Communications buyback spend peaked at $859.34M in 2020; the latest annual figure is $497.81M in 2025 (42.1% below peak).
2020 marks the peak buyback spend at $859.34M, with the historical low of $0.00 recorded in 1998.
SBA Communications Buyback Spend 2025: $497.81M
SBA Communications buyback spend in 2025 was $497.81M, surged 148.9% from 2024.
SBA Communications Buyback Spend 2024: $200.02M
2024's buyback spend for SBA Communications came in at $200.02M, surged 100.0% from 2023.
SBA Communications Buyback Spend 2023: $100.01M
SBA Communications posted buyback spend of $100.01M in 2023, plunged 76.8% below 2022.
SBA Communications Buyback Spend 2022: $431.67M
In 2022, SBA Communications reported buyback spend of $431.67M, declined 25.9% below 2021.
SBA Communications Buyback Spend 2021: $582.58M
SBA Communications buyback spend in 2021 was $582.58M.
See more financial history for SBA Communications (SBAC).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $497.81M | $75.73M | $422.07M | 2.42% | 0.11B | -0.5% | |
| 2024 | $200.02M | $74.37M | $125.64M | 0.91% | 0.11B | -0.8% | |
| 2023 | $100.01M | $87.92M | $12.09M | 0.36% | 0.11B | -0.4% | |
| 2022 | $431.67M | $99.91M | $331.76M | 1.42% | 0.11B | -1.6% | |
| 2021 | $582.58M | $84.40M | $498.18M | 1.35% | 0.11B | -2.0% | |
| 2020 | $859.34M | $68.89M | $790.45M | 2.70% | 0.11B | -1.1% | |
| 2019 | $466.98M | $73.21M | $393.77M | 1.70% | 0.11B | -1.6% | |
| 2018 | $795.58M | $42.33M | $753.25M | 4.26% | 0.12B | -3.7% | |
| 2017 | $854.53M | $38.25M | $816.28M | 4.46% | 0.12B | -3.3% | |
| 2016 | $545.69M | $32.92M | $512.77M | 4.31% | 0.13B | -2.1% | |
| 2015 | $450.07M | $28.75M | $421.32M | 3.40% | 0.13B | -0.9% | |
| 2014 | $0.00 | $22.67M | −$22.67M | — | 0.13B | +0.9% | |
| 2013 | $0.00 | $17.21M | −$17.21M | — | 0.13B | +6.2% | |
| 2012 | $0.00 | $13.97M | −$13.97M | — | 0.12B | +7.8% | |
| 2011 | $225.07M | $11.47M | $213.60M | 4.79% | 0.11B | -3.5% | |
| 2010 | $107.43M | $10.50M | $96.92M | 2.29% | 0.12B | -1.3% | |
| 2009 | $51.72M | $8.20M | $43.52M | 1.29% | 0.12B | +6.6% | |
| 2008 | $120.00M | $7.21M | $112.79M | 6.31% | 0.11B | +4.9% | |
| 2007 | $91.24M | $0.00 | $91.24M | 2.54% | 0.10B | +6.7% | |
| 2006 | $707.00K | $5.41M | −$4.70M | 0.02% | 0.10B | +33.0% | |
| 2005 | $0.00 | $462.00K | −$462.00K | — | 0.07B | +26.4% | |
| 2004 | $0.00 | $470.00K | −$470.00K | — | 0.06B | +11.9% | |
| 2003 | $296.93M | $832.00K | $296.09M | 145.85% | 0.05B | +3.4% | |
| 2002 | $0.00 | $2.02M | −$2.02M | — | 0.05B | +6.7% | |
| 2001 | $0.00 | $3.33M | −$3.33M | — | 0.05B | +15.0% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.04B | +138.6% | |
| 1999 | $32.80M | $0.00 | $32.80M | — | 0.02B | +102.3% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.01B | — |
- 2025$497.81M
- 2024$200.02M
- 2023$100.01M
- 2022$431.67M
- 2021$582.58M
- 2020$859.34M
- 2019$466.98M
- 2018$795.58M
- 2017$854.53M
- 2016$545.69M
- 2015$450.07M
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$225.07M
- 2010$107.43M
- 2009$51.72M
- 2008$120.00M
- 2007$91.24M
- 2006$707.00K
- 2005$0.00
- 2004$0.00
- 2003$296.93M
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$32.80M
- 1998$0.00
Buybacks vs stock-based compensation for SBA Communications (SBAC)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 6.30×.
Buybacks vs dividends (share of cash returned) for SBA Communications (SBAC)
How SBA Communications splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as SBA Communications, ranked by their latest buyback spend.
| $364.60M | |
| $227.15M | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $364.60M
- $227.15M
- $0.00
- $0.00
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $526.26M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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