SBAC (SBA Communications) Moat Score : 7/10 (As of Jul. 01, 2025)

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What is SBA Communications Moat Score?

SBA Communications has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

SBA Communications has Wide Moat: SBA Communications Corp benefits from significant regulatory barriers and exclusive licenses in the telecom infrastructure sector. Its strong market leadership and durable cost advantages through economies of scale provide a robust competitive edge, justifying a wide moat classification.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes SBA Communications might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Competitive Comparison of SBA Communications's Moat Score

For the REIT - Specialty subindustry, SBA Communications's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SBA Communications's Moat Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's Moat Score distribution charts can be found below:

* The bar in red indicates where SBA Communications's Moat Score falls into.

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SBA Communications (NAS:SBAC) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

SBA Communications Moat Score Related Terms

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SBA Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SBA Communications Corp (NAS:SBAC) » Definitions » Moat Score

Comparable Companies

Traded in Other Exchanges

0KYZ:UK 4SB:Germany 4SB:Germany

Address

8051 Congress Avenue, Boca Raton, FL, USA, 33487

Website

https://www.sbasite.com

SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.

Executives

Jack Langer	director	C/O SPANISH BROADCASTING SYSTEMS INC., 2601 SOUTH BAYSHORE DR, PENTHOUSE #2, COCONUT GROVE FL 33133
Joshua Koenig	officer: Executive VP/General Counsel	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Mary S Chan	director	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Mark R Ciarfella	officer: SVP ?? Operations	C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW, BOCA RATON FL 33487
Krouse George R Jr	director	C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487
Jeffrey Stoops	director, officer: Chief Executive Officer & Pres	SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD THIRD FLOOR, BOCA RATON FL 33486
Jason V Silberstein	officer: Vice President-Property Mgt
Brian D Lazarus	officer: VP & Chief Accounting Officer	5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487
Steven E Bernstein	director, 10 percent owner, officer: Chairman	C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486
Kevin L Beebe	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Marc Montagner	officer: EVP - Finance	C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Laurie Bowen	director	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Amy E Wilson	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Richard M Cane	officer: EVP; Pres. - International	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Duncan Cocroft	director	9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019