SBAC vs. AMT
Compare and contrast key facts about SBA Communications Corporation (SBAC) and American Tower Corporation (AMT).
Performance
SBAC vs. AMT - Performance Comparison
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SBAC vs. AMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | -10.42% | -3.13% | -18.18% | -8.15% | -27.30% | 38.95% | 17.81% | 49.30% | -0.90% | 58.20% |
AMT American Tower Corporation | -1.70% | -0.92% | -12.16% | 5.37% | -25.67% | 32.89% | -0.48% | 47.87% | 13.32% | 37.71% |
Fundamentals
SBAC:
$18.36B
AMT:
$80.96B
SBAC:
$9.81
AMT:
$5.40
SBAC:
17.55
AMT:
31.99
SBAC:
0.36
AMT:
9.12
SBAC:
6.57
AMT:
7.60
SBAC:
$2.82B
AMT:
$10.65B
SBAC:
$1.57B
AMT:
$7.84B
SBAC:
$1.63B
AMT:
$6.41B
Returns By Period
In the year-to-date period, SBAC achieves a -10.42% return, which is significantly lower than AMT's -1.70% return. Over the past 10 years, SBAC has underperformed AMT with an annualized return of 6.28%, while AMT has yielded a comparatively higher 7.75% annualized return.
SBAC
- 1D
- 1.34%
- 1M
- -13.86%
- YTD
- -10.42%
- 6M
- -9.88%
- 1Y
- -20.03%
- 3Y*
- -11.30%
- 5Y*
- -7.99%
- 10Y*
- 6.28%
AMT
- 1D
- 1.30%
- 1M
- -10.05%
- YTD
- -1.70%
- 6M
- -9.39%
- 1Y
- -17.91%
- 3Y*
- -2.23%
- 5Y*
- -3.60%
- 10Y*
- 7.75%
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Return for Risk
SBAC vs. AMT — Risk / Return Rank
SBAC
AMT
SBAC vs. AMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and American Tower Corporation (AMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SBAC | AMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.78 | -0.72 | -0.06 |
Sortino ratioReturn per unit of downside risk | -1.02 | -0.88 | -0.14 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.89 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.64 | +0.03 |
Martin ratioReturn relative to average drawdown | -1.17 | -1.06 | -0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBAC | AMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.72 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | -0.14 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.30 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.20 | +0.02 |
Correlation
The correlation between SBAC and AMT is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SBAC vs. AMT - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 2.66%, less than AMT's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 2.66% | 2.30% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
AMT American Tower Corporation | 3.94% | 3.87% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% |
Drawdowns
SBAC vs. AMT - Drawdown Comparison
The maximum SBAC drawdown since its inception was -99.65%, roughly equal to the maximum AMT drawdown of -98.70%. Use the drawdown chart below to compare losses from any high point for SBAC and AMT.
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Drawdown Indicators
| SBAC | AMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -98.70% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -30.63% | -26.67% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -54.50% | -45.34% | -9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -54.50% | -45.34% | -9.16% |
Current DrawdownCurrent decline from peak | -52.59% | -34.82% | -17.77% |
Average DrawdownAverage peak-to-trough decline | -35.35% | -26.99% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 16.20% | -0.11% |
Volatility
SBAC vs. AMT - Volatility Comparison
SBA Communications Corporation (SBAC) has a higher volatility of 7.55% compared to American Tower Corporation (AMT) at 7.17%. This indicates that SBAC's price experiences larger fluctuations and is considered to be riskier than AMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBAC | AMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 7.17% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 17.58% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.74% | 25.02% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.42% | 26.01% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.20% | 25.98% | +1.22% |
Financials
SBAC vs. AMT - Financials Comparison
This section allows you to compare key financial metrics between SBA Communications Corporation and American Tower Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SBAC vs. AMT - Profitability Comparison
SBAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SBA Communications Corporation reported a gross profit of 0.00 and revenue of 719.58M. Therefore, the gross margin over that period was 0.0%.
AMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, American Tower Corporation reported a gross profit of 1.94B and revenue of 2.74B. Therefore, the gross margin over that period was 70.7%.
SBAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SBA Communications Corporation reported an operating income of 298.93M and revenue of 719.58M, resulting in an operating margin of 41.5%.
AMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, American Tower Corporation reported an operating income of 1.16B and revenue of 2.74B, resulting in an operating margin of 42.4%.
SBAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SBA Communications Corporation reported a net income of 370.29M and revenue of 719.58M, resulting in a net margin of 51.5%.
AMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, American Tower Corporation reported a net income of 821.00M and revenue of 2.74B, resulting in a net margin of 30.0%.