SBAC vs. LMT
SBAC (SBA Communications Corporation) and LMT (Lockheed Martin Corporation) are both stocks. SBAC operates in REIT - Specialty (Real Estate), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, SBAC returned 8.40%/yr vs 11.37%/yr for LMT. At a 0.20 correlation, their price movements are largely independent.
Performance
SBAC vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, SBAC achieves a 7.24% return, which is significantly lower than LMT's 13.04% return. Over the past 10 years, SBAC has underperformed LMT with an annualized return of 8.40%, while LMT has yielded a comparatively higher 11.37% annualized return.
SBAC
- 1D
- 0.56%
- 1M
- -0.79%
- YTD
- 7.24%
- 6M
- 8.23%
- 1Y
- -8.09%
- 3Y*
- -1.81%
- 5Y*
- -6.94%
- 10Y*
- 8.40%
LMT
- 1D
- -1.52%
- 1M
- 4.60%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 18.25%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
SBAC vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBAC SBA Communications Corporation | 7.24% | -3.13% | -18.18% | -8.15% | -27.30% | 38.95% | 17.81% | 49.30% | -0.90% | 58.20% |
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between SBAC and LMT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 1999 | 0.20 |
Fundamentals
SBAC:
$21.73B
LMT:
$124.87B
SBAC:
$9.50
LMT:
$20.61
SBAC:
21.55
LMT:
26.21
SBAC:
7.68
LMT:
1.67
SBAC:
$2.85B
LMT:
$75.12B
SBAC:
$1.28B
LMT:
$7.37B
SBAC:
$1.74B
LMT:
$8.09B
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Return for Risk
SBAC vs. LMT — Risk / Return Rank
SBAC
LMT
SBAC vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SBA Communications Corporation (SBAC) and Lockheed Martin Corporation (LMT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SBAC | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.14 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.73 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.51 | 1.69 | -2.20 |
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Drawdowns
SBAC vs. LMT - Drawdown Comparison
The maximum SBAC drawdown since its inception was -99.65%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for SBAC and LMT.
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Drawdown Indicators
| SBAC | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -79.29% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -29.80% | -25.15% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -32.21% | -31.79% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -54.50% | -31.79% | -22.71% |
Max Drawdown (10Y)Largest decline over 10 years | -54.50% | -36.67% | -17.83% |
Current DrawdownCurrent decline from peak | -43.24% | -19.63% | -23.61% |
Average DrawdownAverage peak-to-trough decline | -35.39% | -26.83% | -8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.94% | 10.81% | +5.13% |
Volatility
SBAC vs. LMT - Volatility Comparison
SBA Communications Corporation (SBAC) has a higher volatility of 10.25% compared to Lockheed Martin Corporation (LMT) at 7.02%. This indicates that SBAC's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBAC | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.25% | 7.02% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 27.71% | 20.04% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.49% | 26.71% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.34% | 22.99% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.12% | 23.76% | +4.36% |
Dividends
SBAC vs. LMT - Dividend Comparison
SBAC's dividend yield for the trailing twelve months is around 2.30%, less than LMT's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
SBAC SBA Communications Corporation | 2.30% | 2.30% | 1.92% | 1.34% | 1.01% | 0.60% | 0.66% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SBAC vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between SBA Communications Corporation and Lockheed Martin 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. LMT - Profitability Comparison
SBAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported a gross profit of 0.00 and revenue of 703.44M. Therefore, the gross margin over that period was 0.0%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
SBAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported an operating income of 342.85M and revenue of 703.44M, resulting in an operating margin of 48.7%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
SBAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SBA Communications Corporation reported a net income of 184.83M and revenue of 703.44M, resulting in a net margin of 26.3%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
SBAC and LMT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBAC has higher volatility (10.25%) compared to LMT (7.02%). In terms of maximum drawdown, SBAC dropped -99.65% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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