CBL & Associates Properties, Inc. (CBL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CBL Revenue Growth
Revenue Breakdown (FY 2025)
CBL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CBL Revenue Analysis (2014–2025)
As of May 7, 2026, CBL & Associates Properties, Inc. (CBL) generated trailing twelve-month (TTM) revenue of $578.4 million, reflecting strong growth of +18.8% year-over-year. The most recent quarter (Q4 2025) recorded $156.4 million in revenue, up 12.3% sequentially.
Looking at the longer-term picture, CBL's 5-year compound annual growth rate (CAGR) stands at +0.1%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.06 billion in 2014.
Revenue diversification analysis shows CBL's business is primarily driven by Operating Expense Reimbursements (40%), Management Developmentand Leasing Fees (26%), and Marketing (18%).
When compared to Real Estate sector peers including MAC (+10.6% YoY), SKT (+10.5% YoY), and SPG (+6.7% YoY), CBL has outperformed the peer group in terms of revenue growth. Compare CBL vs MAC →
CBL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CBLCurrent | $578M | +18.8% | +0.1% | 24.2% | |
 MAC | $1.0B | +10.6% | +5.3% | 16.5% | |
 SKT | $582M | +10.5% | +8.3% | 30.2% | |
 SPG | $6.4B | +6.7% | +6.7% | 49.9% | |
 KIM | $2.1B | +4.4% | +15.1% | 35.2% | |
 REG | $1.6B | +12.0% | +8.2% | 37.0% |
CBL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $578.4M | +12.2% | $43.7M | 7.6% | $139.8M | 24.2% |
| 2024 | $515.6M | -3.7% | $59.2M | 11.5% | $132.3M | 25.7% |
| 2023 | $535.3M | -4.9% | $-32,863,000 | -6.1% | $93.4M | 17.4% |
| 2022 | $563.0M | -2.4% | $-141,339,000 | -25.1% | $46.9M | 8.3% |
| 2021 | $576.9M | +0.2% | $-27,727,000 | -4.8% | $127.3M | 22.1% |
| 2020 | $575.9M | -25.1% | $-42,078,000 | -7.3% | $95.6M | 16.6% |
| 2019 | $768.7M | -10.5% | $22.6M | 2.9% | $216.1M | 28.1% |
| 2018 | $858.6M | -7.4% | $35.1M | 4.1% | $258.3M | 30.1% |
| 2017 | $927.3M | -9.8% | $68.5M | 7.4% | $309.1M | 33.3% |
| 2016 | $1.03B | -2.5% | $161.4M | 15.7% | $370.4M | 36.0% |
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Start ComparisonCBL — Frequently Asked Questions
Quick answers to the most common questions about buying CBL stock.
Is CBL's revenue growth accelerating or slowing?
CBL revenue is accelerating at +18.8% year-over-year, exceeding the 5-year CAGR of +0.1%. TTM revenue reached $578M. Growth momentum has increased versus prior periods.
What is CBL's long-term revenue growth rate?
CBL & Associates Properties, Inc.'s 5-year revenue CAGR of +0.1% reflects the sustained expansion pattern. Current YoY growth of +18.8% is above this long-term average.
How is CBL's revenue distributed by segment?
CBL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.