AMT vs SBAC
American Tower and SBA Communications, both Real Estate
American Tower is the larger company at $82B against $20B. On trailing earnings SBAC is the cheaper of the two at a P/E of 19.6 against 28.4, a gap that is only a bargain if the two are growing at similar rates. Over the past year AMT returned -13% against -13% for SBAC.
| Figure | AMT | SBAC |
|---|---|---|
| Last close | $176 | $186 |
| Market cap | $82B | $20B |
| Trailing P/Elower is cheaper for the same earnings, not automatically better | 28.4 | 19.6 |
| Dividend yield | 3.8% | n/a |
| 1-year return | -13% | -13% |
| 5-year return | -27% | -41% |
| Ryufin Smart Scoresector-relative, 1–10 | 7/10 | 7/10 |
Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.
American Tower
Revenue of $2.7B in Q1 2026, net income $879M. Its largest reported line is Property, 93% of the disclosed total.
SBA Communications
Revenue of $703M in Q1 2026, net income $185M.
Open these two in the interactive comparison to add more names, change the period or read the correlation.