SBA Communications Corporation (SBAC)
Every figure this model derived for SBAC, the value it took, and the element in the company's own XBRL it was read from — so any of it can be checked against the filing rather than taken on trust. As at 2026-06-30.
The figures, and where each came from
This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.
| Figure | Value | XBRL tag | As at |
|---|---|---|---|
| capex | 233,597,000 | PaymentsToAcquirePropertyPlantAndEquipment |
2026-06-30 |
| cash | 355,937,000 | CashAndCashEquivalentsAtCarryingValue |
2026-06-30 |
| current assets | 744,772,000 | AssetsCurrent |
2026-06-30 |
| current liabilities | 4,336,645,000 | LiabilitiesCurrent |
2026-06-30 |
| equity | -4,629,854,000 | StockholdersEquity |
2026-06-30 |
| interest expense | 511,417,000 | InterestPaidNet |
2026-06-30 |
| ocf | 1,284,318,000 | NetCashProvidedByUsedInOperatingActivities |
2026-06-30 |
| revenue | 2,870,622,000 | Revenues |
2026-06-30 |
| sbc | 84,239,000 | ShareBasedCompensation |
2026-06-30 |
The ratios
The figures themselves rather than their scores — what somebody looking up SBAC on one particular measure came for.
| Ratio | Value |
|---|---|
| cash operating margin | 61.73 |
| current ratio | 0.17 |
| current ratio reported | 0.17 |
| deferred revenue growth | 74.76 |
| dilution pct | -0.51 |
| ebit cagr | 11.82 |
| ebit yoy | -4.19 |
| ev ebit | 25.77 |
| ev owner earnings | 36.47 |
| ev sales | 12.28 |
| fcf margin | 36.6 |
| growth cv | 0.86 |
| interest cover | 2.67 |
| net debt ebitda | 9.46 |
| operating margin | 47.65 |
| owner earnings margin | 33.67 |
| revenue growth | 5.36 |
| revenue growth per share | 5.9 |
| roic | 9.54 |
| rule of 40 | 53.01 |
| sbc pct revenue | 2.93 |
Everything else this filing tags
400 more elements from SBAC's own XBRL that this model has no measure for, newest reading each, largest first. Nothing here is converted, added up or renamed — it is the filing's own element names and the filing's own numbers.
| Element | Newest | As of | Periods | Unit |
|---|---|---|---|---|
DebtInstrumentFaceAmount | 12,778,250,000 | 2026-06-30 | 62 | USD |
LongTermDebt | 12,729,222,000 | 2026-06-30 | 122 | USD |
DebtInstrumentFairValue | 12,454,690,000 | 2026-06-30 | 92 | USD |
LiabilitiesNoncurrent | 11,950,327,000 | 2026-06-30 | 130 | USD |
Assets | 11,742,320,000 | 2026-06-30 | 132 | USD |
LiabilitiesAndStockholdersEquity | 11,742,320,000 | 2026-06-30 | 130 | USD |
LessorOperatingLeasePaymentsToBeReceived | 11,549,799,000 | 2025-12-31 | 10 | USD |
DebtInstrumentCarryingAmount | 10,414,000,000 | 2019-12-31 | 48 | USD |
NoncurrentAssets | 10,344,666,000 | 2026-06-30 | 10 | USD |
SecuredDebt | 10,000,000,000 | 2025-12-31 | 9 | USD |
LongTermDebtNoncurrent | 9,150,666,000 | 2026-06-30 | 130 | USD |
RealEstateGrossAtCarryingValue | 8,928,497,000 | 2025-12-31 | 36 | USD |
OperatingLeasesFutureMinimumPaymentsReceivable | 7,952,304,000 | 2013-12-31 | 3 | USD |
PropertyPlantAndEquipmentGross | 7,879,760,000 | 2026-06-30 | 122 | USD |
FiniteLivedIntangibleAssetsGross | 7,764,738,000 | 2026-06-30 | 122 | USD |
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances | 7,428,000,000 | 2018-12-31 | 2 | USD |
RetainedEarningsAccumulatedDeficit | -7,135,584,000 | 2026-06-30 | 130 | USD |
FiniteLivedIntangibleAssetsAccumulatedAmortization | 4,896,958,000 | 2026-06-30 | 122 | USD |
LesseeOperatingLeaseLiabilityPaymentsDue | 4,504,042,000 | 2025-12-31 | 10 | USD |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment | 4,427,145,000 | 2026-06-30 | 122 | USD |
RealEstateAccumulatedDepreciation | 4,396,767,000 | 2025-12-31 | 36 | USD |
OperatingLeasesFutureMinimumPaymentsReceivableThereafter | 3,611,317,000 | 2013-12-31 | 3 | USD |
LongTermDebtCurrent | 3,578,556,000 | 2026-06-30 | 124 | USD |
IntangibleAssetsNetExcludingGoodwill | 3,550,710,000 | 2017-09-30 | 60 | USD |
OperatingLeasesFutureMinimumPaymentsDue | 3,463,901,000 | 2013-12-31 | 3 | USD |
PropertyPlantAndEquipmentNet | 3,452,615,000 | 2026-06-30 | 130 | USD |
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour | 3,448,000,000 | 2025-12-31 | 15 | USD |
AdditionalPaidInCapital | 3,112,691,000 | 2026-06-30 | 130 | USD |
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo | 3,038,000,000 | 2025-12-31 | 15 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive | 3,020,519,000 | 2025-12-31 | 10 | USD |
LessorOperatingLeasePaymentsToBeReceivedThereafter | 2,993,522,000 | 2025-12-31 | 10 | USD |
FiniteLivedIntangibleAssetsNet | 2,867,780,000 | 2026-06-30 | 72 | USD |
OperatingLeasesFutureMinimumPaymentsDueThereafter | 2,740,007,000 | 2013-12-31 | 3 | USD |
OperatingLeaseRightOfUseAsset | 2,695,380,000 | 2026-06-30 | 50 | USD |
OperatingLeaseLiability | 2,411,892,000 | 2025-12-31 | 10 | USD |
ProceedsFromIssuanceOfSeniorLongTermDebt | 2,280,565,000 | 2024-12-31 | 44 | USD |
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive | 2,228,721,000 | 2013-12-31 | 3 | USD |
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths | 2,221,703,000 | 2025-12-31 | 7 | USD |
OperatingLeaseLiabilityNoncurrent | 2,114,777,000 | 2025-12-31 | 16 | USD |
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount | 2,092,150,000 | 2025-12-31 | 10 | USD |
ProceedsFromIssuanceOfSecuredDebt | 2,052,136,000 | 2024-12-31 | 53 | USD |
LessorOperatingLeasePaymentsToBeReceivedTwoYears | 2,025,952,000 | 2025-12-31 | 10 | USD |
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths | 1,938,000,000 | 2025-12-31 | 15 | USD |
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive | 1,933,618,000 | 2013-12-31 | 2 | USD |
LessorOperatingLeasePaymentsToBeReceivedThreeYears | 1,801,133,000 | 2025-12-31 | 10 | USD |
OperatingLeasesIncomeStatementLeaseRevenue | 1,740,434,000 | 2018-12-31 | 115 | USD |
FiniteLivedIntangibleAssetsFutureAmortizationExpense | 1,639,784,000 | 2011-12-31 | 1 | USD |
OperatingLeasesFutureMinimumPaymentsReceivableCurrent | 1,529,902,000 | 2018-12-31 | 10 | USD |
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree | 1,473,000,000 | 2025-12-31 | 15 | USD |
LessorOperatingLeasePaymentsToBeReceivedFourYears | 1,472,341,000 | 2025-12-31 | 10 | USD |
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears | 1,326,108,000 | 2018-12-31 | 10 | USD |
OperatingLeaseLeaseIncome | 1,320,034,000 | 2026-06-30 | 97 | USD |
ProceedsFromIssuanceOfDebt | 1,305,935,000 | 2013-06-30 | 3 | USD |
PaymentsToAcquireProductiveAssets | 1,290,133,000 | 2025-12-31 | 159 | USD |
ProceedsFromIssuanceOfUnsecuredDebt | 1,278,456,000 | 2012-09-30 | 1 | USD |
PaymentsToAcquireInvestments | 1,252,128,000 | 2026-06-30 | 86 | USD |
PaymentsToAcquireShortTermInvestments | 1,248,800,000 | 2026-06-30 | 44 | USD |
ProceedsFromSaleOfShortTermInvestments | 1,226,600,000 | 2026-06-30 | 53 | USD |
ProceedsFromSaleMaturityAndCollectionsOfInvestments | 1,226,598,000 | 2026-06-30 | 85 | USD |
BusinessAcquisitionPurchasePriceAllocationAssetsAcquired | 1,136,809,000 | 2012-09-30 | 2 | USD |
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet | 1,111,664,000 | 2012-09-30 | 2 | USD |
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice | 1,100,000,000 | 2012-04-02 | 3 | USD |
BusinessAcquisitionsProFormaRevenue | 1,096,206,000 | 2012-12-31 | 10 | USD |
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears | 1,075,675,000 | 2018-12-31 | 10 | USD |
GrossProfit | 1,071,375,000 | 2026-06-30 | 156 | USD |
LessorOperatingLeasePaymentsToBeReceivedFiveYears | 1,035,148,000 | 2025-12-31 | 10 | USD |
ProceedsFromLongTermLinesOfCredit | 1,025,000,000 | 2026-06-30 | 110 | USD |
StockRepurchaseProgramAuthorizedAmount1 | 1,000,000,000 | 2018-02-16 | 4 | USD |
PaymentsOfDebtExtinguishmentCosts | 979,368,000 | 2010-12-31 | 3 | USD |
FutureAmortizationExpenseAfterYearFive | 918,629,000 | 2011-12-31 | 1 | USD |
IntercompanyForeignCurrencyBalanceAmount | 905,600,000 | 2026-06-30 | 66 | USD |
BusinessAcquisitionCostOfAcquiredEntityCashPaid | 850,000,000 | 2012-04-02 | 4 | USD |
ProceedsFromIssuanceOfOtherLongTermDebt | 839,885,000 | 2022-12-31 | 30 | USD |
ProceedsFromRepaymentsOfOtherLongTermDebt | 839,885,000 | 2022-12-31 | 2 | USD |
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears | 815,219,000 | 2018-12-31 | 10 | USD |
DueFromRelatedParties | 768,200,000 | 2022-12-31 | 2 | USD |
RepaymentsOfSecuredDebt | 750,000,000 | 2026-06-30 | 54 | USD |
ProceedsFromDebtNetOfIssuanceCosts | 727,800,000 | 2014-12-31 | 1 | USD |
CostsAndExpenses | 724,002,000 | 2026-06-30 | 212 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic | 703,863,000 | 2025-12-31 | 45 | USD |
LineOfCreditFacilityRemainingBorrowingCapacity | 700,000,000 | 2012-09-30 | 3 | USD |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 696,645,000 | 2013-03-31 | 24 | USD |
OperatingIncomeLoss | 694,710,000 | 2026-06-30 | 332 | USD |
OtherAssetsNoncurrent | 652,882,000 | 2026-06-30 | 130 | USD |
OtherLiabilitiesNoncurrent | 626,609,000 | 2026-06-30 | 130 | USD |
ProceedsFromSaleOfOtherInvestments | 625,800,000 | 2019-12-31 | 8 | USD |
AccumulatedOtherComprehensiveIncomeLossNetOfTax | -608,022,000 | 2026-06-30 | 130 | USD |
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears | 598,987,000 | 2018-12-31 | 10 | USD |
RealEstateOtherAcquisitions | 595,125,000 | 2025-12-31 | 27 | USD |
StockIssued1 | 555,378,000 | 2012-12-31 | 4 | USD |
ProceedsFromRepaymentsOfDebt | -542,203,000 | 2012-09-30 | 5 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign | 538,175,000 | 2025-12-31 | 45 | USD |
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities | -514,065,000 | 2016-09-30 | 17 | USD |
RepaymentsOfDebt | 507,000,000 | 2013-06-30 | 12 | USD |
RepaymentsOfConvertibleDebt | 499,721,000 | 2014-12-31 | 20 | USD |
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment | 498,654,000 | 2012-09-30 | 2 | USD |
ProceedsFromIssuanceOfLongTermDebt | 492,617,000 | 2011-06-30 | 1 | USD |
RepaymentsOfLinesOfCredit | 484,000,000 | 2012-09-30 | 12 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 468,483,000 | 2026-06-30 | 169 | USD |
RepaymentsOfLongTermLinesOfCredit | 445,000,000 | 2026-06-30 | 120 | USD |
ComprehensiveIncomeNetOfTax | 439,687,000 | 2026-06-30 | 209 | USD |
DeferredRentReceivablesNetNoncurrent | 436,784,000 | 2026-06-30 | 82 | USD |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest | 436,735,000 | 2026-06-30 | 141 | USD |
NetCashProvidedByUsedInFinancingActivities | -436,344,000 | 2026-06-30 | 117 | USD |
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear | 426,237,000 | 2019-09-30 | 3 | USD |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 404,199,000 | 2017-06-30 | 29 | USD |
BridgeLoan | 400,000,000 | 2012-03-31 | 1 | USD |
CommonStockSharesAuthorized | 400,000,000 | 2026-06-30 | 95 | shares |
LeaseCost | 399,111,000 | 2025-12-31 | 18 | USD |
NetIncomeLoss | 383,611,000 | 2026-06-30 | 343 | USD |
ProfitLoss | 381,376,000 | 2026-06-30 | 144 | USD |
OperatingLeasesIncomeStatementInitialDirectCosts | 372,296,000 | 2018-12-31 | 102 | USD |
DeferredTaxAssetsOperatingLossCarryforwardsDomestic | 366,200,000 | 2025-12-31 | 25 | USD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | 360,759,000 | 2026-06-30 | 140 | USD |
CostOfRevenue | 347,337,000 | 2026-06-30 | 149 | USD |
DeferredTaxLiabilitiesPropertyPlantAndEquipment | 342,740,000 | 2025-12-31 | 14 | USD |
NetCashProvidedByUsedInInvestingActivities | -310,492,000 | 2026-06-30 | 117 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths | 309,764,000 | 2025-12-31 | 7 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo | 306,654,000 | 2025-12-31 | 10 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearThree | 301,837,000 | 2025-12-31 | 10 | USD |
StockRepurchaseProgramAuthorizedAmount | 300,000,000 | 2013-09-30 | 11 | USD |
OperatingLeaseLiabilityCurrent | 297,115,000 | 2025-12-31 | 16 | USD |
OperatingLeaseCost | 293,272,000 | 2025-12-31 | 24 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearFour | 291,756,000 | 2025-12-31 | 10 | USD |
SegmentExpenditureAdditionToLongLivedAssets | 284,589,000 | 2026-06-30 | 6 | USD |
ProceedsFromIssuanceOfCommonStock | 283,872,000 | 2012-12-31 | 9 | USD |
StockIssuedDuringPeriodValueNewIssues | 283,872,000 | 2012-12-31 | 6 | USD |
OperatingLeasePayments | 282,477,000 | 2025-12-31 | 16 | USD |
BusinessAcquisitionsProFormaNetIncomeLoss | -281,795,000 | 2012-12-31 | 10 | USD |
DeferredTaxLiabilities | 281,393,000 | 2025-12-31 | 14 | USD |
LesseeOperatingLeaseLiabilityPaymentsDueYearFive | 273,512,000 | 2025-12-31 | 10 | USD |
OperatingLeasesRentExpenseNet | 273,500,000 | 2018-12-31 | 24 | USD |
PaymentsOfDividends | 267,846,000 | 2026-06-30 | 57 | USD |
Dividends | 267,045,000 | 2026-06-30 | 82 | USD |
PrepaidRent | 263,694,000 | 2018-12-31 | 49 | USD |
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate | 260,829,000 | 2025-12-31 | 45 | USD |
InvestmentIncomeInvestmentExpense | 256,282,000 | 2026-06-30 | 169 | USD |
OperatingLeasesFutureMinimumPaymentsDueInFiveYears | 243,476,000 | 2018-12-31 | 8 | USD |
OperatingLeasesFutureMinimumPaymentsDueInFourYears | 242,320,000 | 2018-12-31 | 8 | USD |
OperatingLeasesFutureMinimumPaymentsDueInThreeYears | 241,090,000 | 2018-12-31 | 8 | USD |
OperatingLeasesFutureMinimumPaymentsDueInTwoYears | 239,208,000 | 2018-12-31 | 8 | USD |
OperatingLeasesFutureMinimumPaymentsDueCurrent | 237,730,000 | 2018-12-31 | 8 | USD |
ValuationAllowanceAmount | 233,700,000 | 2012-12-31 | 4 | USD |
NonoperatingIncomeExpense | -226,227,000 | 2026-06-30 | 212 | USD |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | -224,110,000 | 2017-06-30 | 29 | USD |
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal | 221,500,000 | 2025-12-31 | 16 | USD |
PaymentsToAcquireBusinessesGross | 214,700,000 | 2016-12-31 | 7 | USD |
LineOfCreditFacilityIncreaseAdditionalBorrowings | 200,000,000 | 2012-12-31 | 6 | USD |
ProceedsFromLoanOriginations1 | 197,310,000 | 2012-06-30 | 1 | USD |
OtherLiabilities | 195,700,000 | 2012-12-31 | 1 | USD |
PrepaidExpenseAndOtherAssetsCurrent | 188,161,000 | 2026-06-30 | 104 | USD |
ImpairmentOfLongLivedAssetsHeldForUse | 184,200,000 | 2025-12-31 | 92 | USD |
PaymentsForDerivativeInstrumentFinancingActivities | 176,200,000 | 2020-12-31 | 5 | USD |
AccountsReceivableNetCurrent | 175,976,000 | 2026-06-30 | 130 | USD |
PaymentsToAcquireBusinessesNetOfCashAcquired | 172,284,000 | 2026-06-30 | 204 | USD |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | -168,641,000 | 2017-06-30 | 29 | USD |
DepreciationAmortizationAndAccretionNet | 162,686,000 | 2026-06-30 | 332 | USD |
DeferredRevenueCurrent | 156,812,000 | 2026-06-30 | 130 | USD |
AssetRetirementObligationsNoncurrent | 152,600,000 | 2025-12-31 | 20 | USD |
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense | 152,188,000 | 2025-12-31 | 27 | USD |
PaymentsForRepurchaseOfWarrants | 150,874,000 | 2015-12-31 | 23 | USD |
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount | 150,000,000 | 2012-09-30 | 2 | USD |
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 | 150,000,000 | 2017-01-12 | 1 | USD |
SellingGeneralAndAdministrativeExpense | 148,096,000 | 2026-06-30 | 212 | USD |
NoncashOrPartNoncashAcquisitionDebtAssumed | 147,000,000 | 2008-12-31 | 1 | USD |
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill | 144,400,000 | 2016-12-31 | 3 | USD |
FutureAmortizationExpenseYearFive | 144,231,000 | 2011-12-31 | 1 | USD |
FutureAmortizationExpenseYearFour | 144,231,000 | 2011-12-31 | 1 | USD |
FutureAmortizationExpenseYearOne | 144,231,000 | 2011-12-31 | 1 | USD |
FutureAmortizationExpenseYearThree | 144,231,000 | 2011-12-31 | 1 | USD |
FutureAmortizationExpenseYearTwo | 144,231,000 | 2011-12-31 | 1 | USD |
CapitalizedContractCostNet | 143,604,000 | 2026-06-30 | 54 | USD |
RealEstateOtherDeductions | -140,538,000 | 2025-12-31 | 25 | USD |
LoansAndLeasesReceivableGrossCarryingAmount | 135,845,000 | 2023-09-30 | 34 | USD |
SECScheduleIIIRealEstateWritedownOrReserveAmount | 132,784,000 | 2025-12-31 | 27 | USD |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 127,794,000 | 2015-12-31 | 21 | shares |
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths | 126,153,000 | 2025-12-31 | 14 | USD |
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo | 126,129,000 | 2025-12-31 | 14 | USD |
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour | 126,117,000 | 2025-12-31 | 14 | USD |
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree | 126,117,000 | 2025-12-31 | 14 | USD |
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive | 126,116,000 | 2025-12-31 | 14 | USD |
AssetsOfDisposalGroupIncludingDiscontinuedOperation | 125,000,000 | 2012-06-30 | 1 | USD |
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsAssetHeldForSale | 125,000,000 | 2012-09-30 | 2 | USD |
ProceedsFromLinesOfCredit | 125,000,000 | 2013-06-30 | 22 | USD |
OtherAssetsMiscellaneousNoncurrent | 120,307,000 | 2026-06-30 | 80 | USD |
RealEstateCostOfRealEstateSold | 119,735,000 | 2025-12-31 | 24 | USD |
DeferredTaxAssetsNetNoncurrent | 110,867,000 | 2018-12-31 | 16 | USD |
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities | -107,493,000 | 2012-12-31 | 10 | USD |
WeightedAverageNumberOfDilutedSharesOutstanding | 106,188,000 | 2026-06-30 | 152 | shares |
CommonStockSharesIssued | 106,088,000 | 2026-06-30 | 89 | shares |
CommonStockSharesOutstanding | 106,088,000 | 2026-06-30 | 88 | shares |
WeightedAverageNumberOfSharesOutstandingBasic | 105,945,000 | 2026-06-30 | 152 | shares |
InterestPaid | 102,875,000 | 2017-03-31 | 63 | USD |
UndistributedEarningsOfForeignSubsidiaries | 102,200,000 | 2017-12-31 | 6 | USD |
RevenueFromContractWithCustomerExcludingAssessedTax | 98,678,000 | 2026-06-30 | 97 | USD |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued | 98,491,000 | 2009-12-31 | 3 | USD |
ProceedsFromIssuanceOfWarrants | 98,491,000 | 2009-12-31 | 5 | USD |
AssetsHeldForSaleNotPartOfDisposalGroupCurrent | 95,783,000 | 2025-09-30 | 1 | USD |
DeferredForeignIncomeTaxExpenseBenefit | 92,686,000 | 2025-12-31 | 45 | USD |
AccruedLiabilitiesCurrent | 89,003,000 | 2026-06-30 | 130 | USD |
IncomeTaxExpenseBenefit | 87,107,000 | 2026-06-30 | 212 | USD |
InterestExpenseDebt | 86,150,000 | 2012-06-30 | 9 | USD |
RedeemableNoncontrollingInterestEquityCarryingAmount | 85,202,000 | 2026-06-30 | 77 | USD |
CurrentIncomeTaxExpenseBenefit | 83,131,000 | 2025-12-31 | 45 | USD |
CostOfGoodsAndServicesSold | 81,350,000 | 2026-06-30 | 153 | USD |
CurrentForeignTaxExpenseBenefit | 80,386,000 | 2025-12-31 | 47 | USD |
SupplementalDeferredPurchasePrice | 77,124,000 | 2020-12-31 | 5 | USD |
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable | 77,100,000 | 2020-12-31 | 17 | USD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect | -76,262,000 | 2026-06-30 | 79 | USD |
AllocatedShareBasedCompensationExpense | 75,734,000 | 2025-12-31 | 68 | USD |
RealEstateAccumulatedDepreciationRealEstateSold | 73,068,000 | 2025-12-31 | 27 | USD |
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment | 72,800,000 | 2016-12-31 | 3 | USD |
LiabilitiesAssumed1 | 71,990,000 | 2019-12-31 | 7 | USD |
Depreciation | 70,500,000 | 2026-06-30 | 199 | USD |
AccountsPayableCurrent | 70,062,000 | 2026-06-30 | 130 | USD |
OtherLiabilitiesCurrent | 69,078,000 | 2026-06-30 | 130 | USD |
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNet | 68,150,000 | 2012-06-30 | 1 | USD |
AmortizationOfIntangibleAssets | 68,100,000 | 2026-06-30 | 186 | USD |
VariableLeaseCost | 67,589,000 | 2025-12-31 | 24 | USD |
DeferredTaxAssetsOperatingLossCarryforwardsForeign | 67,000,000 | 2025-12-31 | 25 | USD |
IncomeTaxesPaid | 66,895,000 | 2026-06-30 | 146 | USD |
InterestPayableCurrent | 66,342,000 | 2026-06-30 | 130 | USD |
DeferredTaxAssetsUnrealizedCurrencyLosses | 64,881,000 | 2024-12-31 | 21 | USD |
NotesAndLoansReceivableGrossCurrent | 64,022,000 | 2026-06-30 | 20 | USD |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax | -62,404,000 | 2019-09-30 | 7 | USD |
InterestExpense | 59,465,000 | 2013-03-31 | 40 | USD |
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear | 59,102,000 | 2019-09-30 | 3 | USD |
RealEstateImprovements | 58,093,000 | 2025-12-31 | 27 | USD |
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNet | 56,850,000 | 2012-06-30 | 1 | USD |
DeferredTaxAssetsNetCurrent | 54,618,000 | 2014-12-31 | 9 | USD |
PropertyPlantAndEquipmentTransfersAndChanges | 54,100,000 | 2013-06-30 | 3 | USD |
OtherAccruedLiabilitiesCurrent | 52,311,000 | 2026-06-30 | 102 | USD |
DividendsCash | 52,200,000 | 2020-03-31 | 2 | USD |
CostMethodInvestmentsAggregateCarryingAmount | 51,700,000 | 2012-12-31 | 2 | USD |
DeferredTaxAssetsValuationAllowanceCurrent | 51,249,000 | 2014-12-31 | 9 | USD |
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill | 50,761,000 | 2023-09-30 | 8 | USD |
DeferredTaxAssetsValuationAllowanceNoncurrent | 50,628,000 | 2018-12-31 | 12 | USD |
ProceedsFromStockOptionsExercised | 48,000,000 | 2025-12-31 | 45 | USD |
OtherAssetsCurrent | 47,853,000 | 2026-06-30 | 72 | USD |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue | 46,256,000 | 2026-06-30 | 152 | USD |
RealEstateAccumulatedDepreciationOtherDeductions | 45,540,000 | 2024-12-31 | 24 | USD |
DerivativeCashReceivedOnHedge | 45,300,000 | 2013-03-31 | 1 | USD |
RestrictedInvestments | 43,300,000 | 2026-06-30 | 46 | USD |
AllocatedShareBasedCompensationExpenseNetOfTax | 42,327,000 | 2018-12-31 | 18 | USD |
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt | -41,569,000 | 2012-12-31 | 6 | USD |
RestrictedCashAndCashEquivalents | 39,861,000 | 2016-12-31 | 46 | USD |
FinanceLeaseRightOfUseAssetAmortization | 37,975,000 | 2025-12-31 | 18 | USD |
PrepaidExpenseCurrent | 37,439,000 | 2013-06-30 | 26 | USD |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 37,031,000 | 2026-06-30 | 107 | USD |
DeferredIncomeTaxExpenseBenefit | 36,942,000 | 2026-06-30 | 127 | USD |
FiniteLivedIntangibleAssetsAmortizationExpense | 36,400,000 | 2012-03-31 | 13 | USD |
ForeignCurrencyTransactionGainLossRealized | 36,000,000 | 2025-03-31 | 123 | USD |
DeferredTaxAssetsNet | 33,661,000 | 2026-06-30 | 48 | USD |
PrepaidTaxes | 33,584,000 | 2026-06-30 | 56 | USD |
OtherNonoperatingIncomeExpense | 33,004,000 | 2026-06-30 | 212 | USD |
DeferredTaxLiabilitiesNoncurrent | 32,794,000 | 2018-12-31 | 16 | USD |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent | 32,638,000 | 2026-06-30 | 82 | USD |
PaymentsToAcquireMarketableSecurities | 32,300,000 | 2010-12-31 | 1 | USD |
DirectCostsOfLeasedAndRentedPropertyOrEquipment | 31,976,000 | 2011-03-31 | 13 | USD |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax | 31,921,000 | 2026-06-30 | 144 | USD |
PreferredStockSharesAuthorized | 30,000,000 | 2026-06-30 | 112 | shares |
IncreaseDecreaseInReceivables | 29,427,000 | 2018-12-31 | 79 | USD |
IncomeTaxReconciliationDispositionOfBusiness | -29,220,000 | 2025-12-31 | 1 | USD |
RestrictedCashAndCashEquivalentsAtCarryingValue | 29,007,000 | 2026-06-30 | 131 | USD |
ShortTermInvestments | 28,886,000 | 2026-06-30 | 104 | USD |
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear | 28,303,000 | 2019-09-30 | 76 | USD |
ForeignCurrencyTransactionGainLossBeforeTax | 28,044,000 | 2026-06-30 | 67 | USD |
IncreaseDecreaseInRestrictedCash | 27,870,000 | 2013-09-30 | 15 | USD |
OperatingLeasesRentExpenseContingentRentals | 27,100,000 | 2018-12-31 | 24 | USD |
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms | 27,079,000 | 2019-09-30 | 68 | USD |
OtherNoncashIncomeExpense | -26,901,000 | 2026-06-30 | 137 | USD |
FairValueLiabilitiesMeasuredOnRecurringBasisObligations | 26,900,000 | 2014-03-31 | 6 | USD |
PaymentsForProceedsFromLoansReceivable | -26,000,000 | 2013-12-31 | 1 | USD |
RealEstateAccumulatedDepreciationOtherAdditions | 25,787,000 | 2025-12-31 | 23 | USD |
DeferredTaxAssetsOperatingLossCarryforwards | 25,053,000 | 2025-12-31 | 26 | USD |
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1 | 25,000,000 | 2012-09-30 | 1 | USD |
NotesAssumed1 | 25,000,000 | 2012-12-31 | 2 | USD |
IncreaseDecreaseInInterestPayableNet | -24,836,000 | 2017-09-30 | 58 | USD |
DeferredTaxAssetsPropertyPlantAndEquipment | 24,646,000 | 2025-12-31 | 14 | USD |
ContractWithCustomerAssetNetCurrent | 24,577,000 | 2026-06-30 | 54 | USD |
IncomeLossFromContinuingOperations | -24,295,000 | 2014-12-31 | 25 | USD |
RepaymentsOfOtherLongTermDebt | 24,000,000 | 2020-12-31 | 53 | USD |
OperatingLeaseImpairmentLoss | 23,611,000 | 2023-09-30 | 8 | USD |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax | 23,438,000 | 2026-06-30 | 84 | USD |
AccruedEmployeeBenefitsCurrent | 23,281,000 | 2026-06-30 | 102 | USD |
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive | 23,000,000 | 2025-12-31 | 15 | USD |
LongTermInvestments | 22,827,000 | 2026-06-30 | 82 | USD |
AmortizationOfFinancingCostsAndDiscounts | 21,866,000 | 2025-12-31 | 56 | USD |
SalesRevenueServicesNet | 21,265,000 | 2011-03-31 | 13 | USD |
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | -20,968,000 | 2019-12-31 | 7 | USD |
StockIssued | 20,312,000 | 2009-12-31 | 4 | USD |
AllowanceForDoubtfulAccountsReceivableCurrent | 20,136,000 | 2016-06-30 | 50 | USD |
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities | 19,894,000 | 2025-12-31 | 30 | USD |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability | 19,794,000 | 2026-06-30 | 61 | USD |
PaymentsToAcquireLand | 19,600,000 | 2011-09-30 | 4 | USD |
DerivativeAssets | 18,986,000 | 2026-06-30 | 48 | USD |
AllowanceForDoubtfulAccountsReceivable | 18,784,000 | 2025-12-31 | 40 | USD |
CostOfServices | 18,728,000 | 2011-03-31 | 13 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost | 18,500,000 | 2019-12-31 | 9 | USD |
ForeignCurrencyTransactionGainLossRealizedAfterTax | 18,100,000 | 2026-06-30 | 17 | USD |
ProceedsFromDerivativeInstrumentInvestingActivities | 17,891,000 | 2014-09-30 | 3 | USD |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | -17,749,000 | 2020-12-31 | 67 | USD |
InterestExpenseDebtExcludingAmortization | 17,364,000 | 2013-03-31 | 26 | USD |
ExtinguishmentOfDebtAmount | -17,038,000 | 2011-06-30 | 9 | USD |
DeferredTaxAssetsGrossNoncurrent | 16,981,000 | 2019-09-30 | 12 | USD |
StockIssuedDuringPeriodValueShareBasedCompensation | 16,904,000 | 2026-06-30 | 152 | USD |
IncreaseDecreaseInOtherOperatingLiabilities | -16,743,000 | 2026-06-30 | 146 | USD |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax | 16,300,000 | 2019-09-30 | 112 | USD |
RedeemableNoncontrollingInterestEquityFairValue | 15,200,000 | 2020-12-31 | 5 | USD |
EmployeeStockOwnershipPlanESOPSharesContributedToESOP | 15,000,000 | 2010-05-20 | 2 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized | 15,000,000 | 2011-09-30 | 2 | shares |
UnrecognizedTaxBenefits | 14,917,000 | 2025-12-31 | 7 | USD |
OtherRestrictedAssetsNoncurrent | 14,517,000 | 2018-06-30 | 2 | USD |
DeferredTaxAssetsValuationAllowance | 14,251,000 | 2025-12-31 | 28 | USD |
CostMethodInvestments | 13,800,000 | 2019-12-31 | 13 | USD |
CashAndCashEquivalentsPeriodIncreaseDecrease | -13,508,000 | 2017-09-30 | 67 | USD |
ImpairmentOfInvestments | 13,256,000 | 2008-12-31 | 1 | USD |
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts | 13,200,000 | 2012-06-30 | 2 | USD |
MinorityInterestPeriodIncreaseDecrease | 12,500,000 | 2010-12-31 | 1 | USD |
TaxCreditCarryforwardValuationAllowance | 12,300,000 | 2018-12-31 | 1 | USD |
TemporaryEquityCarryingAmount | 12,044,000 | 2012-03-31 | 11 | USD |
ImpairmentOfLongLivedAssetsToBeDisposedOf | 11,739,000 | 2026-06-30 | 122 | USD |
TemporaryEquityCarryingAmountAttributableToParent | 11,711,000 | 2012-12-31 | 8 | USD |
DebtRelatedCommitmentFeesAndDebtIssuanceCosts | 11,700,000 | 2009-04-24 | 5 | USD |
BusinessAcquisitionPurchasePriceAllocationLiabilitiesAssumed | 11,619,000 | 2012-09-30 | 2 | USD |
AssetRetirementObligation | 11,500,000 | 2019-12-31 | 30 | USD |
RepaymentsOfSeniorDebt | 11,500,000 | 2026-06-30 | 47 | USD |
PaymentsToAcquireInterestInJointVenture | 11,100,000 | 2024-12-31 | 10 | USD |
InvestmentIncomeInterest | 10,838,000 | 2026-06-30 | 212 | USD |
DividendIncomeOperating | 10,600,000 | 2014-12-31 | 1 | USD |
AmortizationOfFinancingCosts | 10,528,000 | 2026-06-30 | 212 | USD |
DeferredFederalIncomeTaxExpenseBenefit | 10,410,000 | 2025-12-31 | 45 | USD |
NotesReceivableGross | 10,178,000 | 2026-06-30 | 22 | USD |
ContractWithCustomerAssetNet | 10,139,000 | 2026-06-30 | 42 | USD |
DeferredCostsLeasingNet | 10,000,000 | 2025-12-31 | 32 | USD |
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsIncomeTaxExpense | 10,000,000 | 2020-12-31 | 1 | USD |
TaxesPayableCurrent | 9,947,000 | 2023-12-31 | 80 | USD |
AdjustmentsToAdditionalPaidInCapitalOther | -9,892,000 | 2026-06-30 | 73 | USD |
MinorityInterestChangeInRedemptionValue | 9,892,000 | 2026-06-30 | 35 | USD |
AccrualForTaxesOtherThanIncomeTaxesCurrent | 9,877,000 | 2026-06-30 | 30 | USD |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities | 9,567,000 | 2014-12-31 | 14 | USD |
ProvisionForDoubtfulAccounts | 9,371,000 | 2025-12-31 | 69 | USD |
IncomeTaxReconciliationOtherAdjustments | 9,281,000 | 2025-12-31 | 45 | USD |
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions | 9,179,000 | 2023-12-31 | 1 | USD |
GainLossOnSaleOfPropertyPlantEquipment | 8,919,000 | 2016-12-31 | 4 | USD |
IncrementalCommonSharesAttributableToCallOptionsAndWarrants | 8,534,000 | 2014-03-31 | 4 | shares |
ProceedsFromConvertibleDebt | 8,497,000 | 2010-12-31 | 3 | USD |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents | 8,311,000 | 2026-06-30 | 79 | USD |
FinanceLeaseLiabilityPaymentsDue | 8,203,000 | 2025-12-31 | 10 | USD |
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent | 8,090,000 | 2011-12-31 | 3 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant | 7,500,000 | 2011-09-30 | 2 | shares |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue | 7,100,000 | 2026-06-30 | 104 | USD |
FinanceLeaseLiability | 6,970,000 | 2025-12-31 | 10 | USD |
PaymentsForProceedsFromOtherInvestingActivities | 6,910,000 | 2026-06-30 | 124 | USD |
BusinessAcquisitionContingentConsiderationPotentialCashPayment | 6,900,000 | 2011-09-30 | 2 | USD |
PaymentsForProceedsFromShortTermInvestments | 6,600,000 | 2025-12-31 | 16 | USD |
LineOfCreditFacilityCurrentBorrowingCapacity | 6,500,000 | 2013-08-27 | 1 | USD |
ImpairmentChargeOnReclassifiedAssets | 6,400,000 | 2012-12-31 | 6 | USD |
AssetImpairmentCharges | 6,383,000 | 2012-12-31 | 22 | USD |
RepaymentsOfMediumTermNotes | 6,320,000 | 2014-06-30 | 2 | USD |
CapitalExpendituresIncurredButNotYetPaid | 6,100,000 | 2020-12-31 | 65 | USD |
AllowanceForDoubtfulAccountsReceivableWriteOffs | 6,060,000 | 2025-12-31 | 30 | USD |
PaymentsToMinorityShareholders | 6,008,000 | 2013-06-30 | 13 | USD |
GainsLossesOnExtinguishmentOfDebt | -5,940,000 | 2024-12-31 | 158 | USD |
AssetsHeldForSaleCurrent | 5,700,000 | 2012-09-30 | 2 | USD |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue | 5,660,000 | 2025-12-31 | 51 | USD |
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 | 5,660,000 | 2025-12-31 | 51 | USD |
TangibleAssetImpairmentCharges | 5,500,000 | 2011-12-31 | 3 | USD |
StockIssuedDuringPeriodValueConversionOfUnits | 5,308,000 | 2013-03-31 | 1 | USD |
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned | 5,250,000 | 2012-04-02 | 2 | USD |
StockIssuedDuringPeriodSharesAcquisitions | 5,250,000 | 2012-04-02 | 2 | shares |
ValuationAllowanceDeferredTaxAssetChangeInAmount | -5,100,000 | 2025-12-31 | 30 | USD |
ProceedsFromDivestitureOfBusinesses | 5,048,000 | 2026-06-30 | 12 | USD |
DisposalGroupIncludingDiscontinuedOperationRevenue | 5,046,000 | 2012-12-31 | 4 | USD |
IncomeTaxReconciliationNondeductibleExpense | 4,892,000 | 2015-12-31 | 9 | USD |
DeferredCostsLeasingNetNoncurrent | 4,781,000 | 2020-06-30 | 36 | USD |
ContractWithCustomerLiabilityCurrent | 4,680,000 | 2026-06-30 | 54 | USD |
ProceedsFromLegalSettlements | 4,600,000 | 2012-03-31 | 1 | USD |
FinanceLeaseLiabilityNoncurrent | 4,481,000 | 2025-12-31 | 16 | USD |
IncomeTaxReconciliationStateAndLocalIncomeTaxes | 4,399,000 | 2025-12-31 | 45 | USD |
RestrictedCashAndInvestmentsNoncurrent | 4,270,000 | 2015-06-30 | 18 | USD |
DeferredTaxAssetsOther | 4,230,000 | 2025-12-31 | 30 | USD |
FinanceLeaseRightOfUseAsset | 4,202,000 | 2020-12-31 | 6 | USD |
CapitalLeaseObligations | 4,200,000 | 2012-12-31 | 4 | USD |
DeferredTaxLiabilitiesOther | -3,992,000 | 2025-12-31 | 28 | USD |
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | 3,974,000 | 2024-12-31 | 44 | USD |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements | 3,914,000 | 2016-09-30 | 21 | USD |
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts | 3,897,000 | 2025-12-31 | 29 | USD |
DefinedBenefitPlanContributionsByEmployer | 3,800,000 | 2025-12-31 | 45 | USD |
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions | 3,775,000 | 2025-12-31 | 6 | USD |
EffectOfExchangeRateOnCashAndCashEquivalents | 3,537,000 | 2017-09-30 | 53 | USD |
PaidInKindInterest | 3,259,000 | 2026-06-30 | 169 | USD |
InterestReceivableCurrent | 3,232,000 | 2026-06-30 | 24 | USD |
DerivativeGainLossOnDerivativeNet | 3,192,000 | 2020-06-30 | 5 | USD |
RealEstateOtherAdditions | 3,188,000 | 2025-12-31 | 17 | USD |
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities | 3,126,000 | 2025-12-31 | 3 | USD |
RestrictedCashAndCashEquivalentsNoncurrent | 3,075,000 | 2016-12-31 | 3 | USD |
DeferredCostsLeasingGross | 3,000,000 | 2025-12-31 | 50 | USD |
DeferredFinanceCostsNoncurrentNet | 2,979,000 | 2016-12-31 | 54 | USD |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest | -2,952,000 | 2026-06-30 | 105 | USD |
What to be careful about
What this model itself distrusts about SBAC's figures. Written by the derivation as it ran, not added afterwards.
- forward EPS growth -12.4% is analyst consensus, not a filing: consensus 2027 EPS 8.18 against trailing 9.34, over 1 year(s), from 10 analysts (taken 2026-10-11)
- PEG not measured: earnings are expected to grow -12.4%, and the ratio inverts at or below zero — a company whose profit is expected to fall faster would otherwise score better for it