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 19.7 against 25.0, a gap that is only a bargain if the two are growing at similar rates. Over the past year AMT returned -1.9% against -6.4% for SBAC.
| Figure | AMT | SBAC |
|---|---|---|
| Last close | $182 | $183 |
| Market cap | $82B | $20B |
| Trailing P/Elower is cheaper for the same earnings, not automatically better | 25.0 | 19.7 |
| Dividend yield | 4.0% | n/a |
| 1-year return | -1.9% | -6.4% |
| 5-year return | -28% | -44% |
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 Q2 2026, net income $888M. Its largest reported line is Property, 93% of the disclosed total.
SBA Communications
Revenue of $715M in Q2 2026, net income $199M.
Open these two in the interactive comparison to add more names, change the period or see the correlation.