Sba Communications has retired 17.9% of its shares since 2014, from 129,175,989 to 106,088,110.
At $187.06 a share, a market value of $19.8B. P/E 20.0, trailing twelve months to June 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 2005 | 2006-03-06 | 85,738,634 | 10-K | cover page |
| 2006 | 2007-02-26 | 105,894,292 | 10-K | cover page |
| 2007 | 2008-02-21 | 108,473,904 | 10-K | cover page |
| 2008 | 2009-02-24 | 118,280,317 | 10-K | cover page |
| 2009 | 2009-12-31 | 117,082,000 | 10-K | |
| 2010 | 2011-02-16 | 114,919,445 | 10-K | |
| 2011 | 2012-02-16 | 109,734,800 | 10-K | |
| 2012 | 2013-02-15 | 126,954,515 | 10-K | |
| 2013 | 2014-02-14 | 128,506,612 | 10-K | |
| 2014 | 2015-02-19 | 129,175,989 | 10-K | |
| 2015 | 2016-02-19 | 125,257,417 | 10-K | |
| 2016 | 2017-02-21 | 120,977,227 | 10-K | |
| 2017 | 2018-02-21 | 116,507,867 | 10-K | |
| 2018 | 2019-02-21 | 112,589,177 | 10-K | |
| 2019 | 2020-02-18 | 111,929,411 | 10-K | |
| 2020 | 2021-02-18 | 109,324,399 | 10-K | |
| 2021 | 2022-02-18 | 107,919,638 | 10-K | |
| 2022 | 2023-02-15 | 108,038,955 | 10-K | |
| 2023 | 2024-02-15 | 108,108,678 | 10-K | |
| 2024 | 2025-02-14 | 107,615,241 | 10-K | |
| 2025 | 2026-02-17 | 105,788,592 | 10-K |
Source: all 10-K filings of Sba Communications on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
The story
Every Monday we write about one of these companies.
Read the full storyCash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $187.06.
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Only enough to stand still. The share count is roughly flat over the last twelve months, at 106,088,110 as of July 28, 2026. Over five years the share count is down 2.5%.
Net of every new share it issued, Sba Communications has 23.1 million fewer shares than at its 2014 peak. That is 17.9% of the company. Since fiscal 2015 alone it bought back about 23.1 million shares, while the count fell by 19.2 million. The difference went to employees and other new shares.
106,088,110 shares, as of July 28, 2026, from the cover page of its latest 10-Q. At the 2014 peak it had 129,175,989.
Each share is a bigger slice of the company. Someone who held Sba Communications stock in 2014 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
Sba Communications ranks No. 392 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Eaton (18.3%), Sensata Technologies Holding (18.2%), Chemours (17.8%), Ofg Bancorp (17.8%).
Every answer is computed from Sba Communications' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
From the latest 13F filings. All superinvestors.
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