SBA Communications Corp (SBAC) — Capital Reinvestment Ratio
SBA Communications Corp (SBAC) has a Capital Reinvestment Ratio of 0.15x as of June 2026, meaning it reinvests 0% of its operating cash flow ($407.18 Million) in capital expenditures ($62.42 Million). Check tangible equity quality of SBA Communications Corp to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
SBA Communications Corp Capital Reinvestment Ratio (1998–2025)
This chart tracks SBA Communications Corp's Capital Reinvestment Ratio across 27 annual periods. For the full cash flow conversion analysis, see SBAC operating cash flow.
Annual Capital Reinvestment Ratio for SBA Communications Corp (1998–2025)
Year-by-year Capital Reinvestment Ratio for SBA Communications Corp from 1998 to 2025. See SBAC FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.17x | $1.29 Billion | $224.82 Million | ▲ +1.9% |
| 2024 | 0.17x | $1.33 Billion | $228.15 Million | ▲ +11.5% |
| 2023 | 0.15x | $1.54 Billion | $236.70 Million | ▼ -5.8% |
| 2022 | 0.16x | $1.32 Billion | $214.44 Million | ▲ +44.9% |
| 2021 | 0.11x | $1.19 Billion | $133.64 Million | ▼ -1.6% |
| 2020 | 0.11x | $1.13 Billion | $128.57 Million | ▼ -27.1% |
| 2019 | 0.16x | $984.89 Million | $154.24 Million | ▼ -10.9% |
| 2018 | 0.18x | $852.14 Million | $149.81 Million | ▼ -2.8% |
| 2017 | 0.18x | $819.61 Million | $148.18 Million | ▼ -5.8% |
| 2016 | 0.19x | $729.03 Million | $139.98 Million | ▼ -32.2% |
| 2015 | 0.28x | $737.17 Million | $208.71 Million | ▼ -8.2% |
| 2014 | 0.31x | $684.66 Million | $211.25 Million | ▼ -8.8% |
| 2013 | 0.34x | $496.81 Million | $168.09 Million | ▲ +2.5% |
| 2012 | 0.33x | $343.21 Million | $113.27 Million | ▼ -35.2% |
| 2011 | 0.51x | $249.06 Million | $126.94 Million | ▲ +53.9% |
| 2010 | 0.33x | $201.16 Million | $66.62 Million | ▲ +57.7% |
| 2009 | 0.21x | $222.56 Million | $46.74 Million | ▲ +0.9% |
| 2008 | 0.21x | $173.70 Million | $36.17 Million | ▼ -7.8% |
| 2007 | 0.23x | $122.93 Million | $27.77 Million | ▼ -40.8% |
| 2006 | 0.38x | $75.96 Million | $28.97 Million | ▼ -3.4% |
| 2005 | 0.39x | $49.77 Million | $19.65 Million | ▼ -22.2% |
| 2004 | 0.51x | $14.22 Million | $7.21 Million | ▼ -99.2% |
| 2002 | 66.52x | $1.55 Million | $103.38 Million | ▲ +63.1% |
| 2001 | 40.79x | $13.00 Million | $530.27 Million | ▲ +335.3% |
| 2000 | 9.37x | $47.52 Million | $445.28 Million | ▲ +3.6% |
| 1999 | 9.04x | $23.10 Million | $208.90 Million | ▼ -50.9% |
| 1998 | 18.41x | $7.50 Million | $138.10 Million | — |