SBA Communications Corporation (SBAC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SBAC Revenue Growth
Revenue Breakdown (FY 2025)
SBAC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SBAC Revenue Analysis (2014–2025)
As of May 6, 2026, SBA Communications Corporation (SBAC) generated trailing twelve-month (TTM) revenue of $2.85 billion, reflecting solid growth of +5.9% year-over-year. The most recent quarter (Q1 2026) recorded $703.4 million in revenue, down 2.2% sequentially.
Looking at the longer-term picture, SBAC's 5-year compound annual growth rate (CAGR) stands at +6.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.82 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SBAC's business is primarily driven by Domestic Site Leasing Revenue (66%), International Site Leasing Revenue (25%), and Site Development Construction (9%). With over half of revenue concentrated in Domestic Site Leasing Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including AMT (+2.7% YoY), CCI (-22.9% YoY), and UNIT (+91.5% YoY), SBAC has underperformed the peer group in terms of revenue growth. Compare SBAC vs AMT →
SBAC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SBACCurrent | $2.9B | +5.9% | +6.2% | 48.7% | |
 AMT | $10.6B | +2.7% | +5.8% | 45.8% | |
 CCI | $4.3B | -22.9% | -6.1% | 48.7% | |
 UNIT | $2.2B | +91.5% | +15.9% | 21.2% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% | |
 CCOI | $976M | -6.7% | +11.4% | -10.6% |
SBAC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.82B | +5.1% | $1.17B | 41.6% | $1.37B | 48.7% |
| 2024 | $2.68B | -1.2% | $2.07B | 77.3% | $1.44B | 53.6% |
| 2023 | $2.71B | +3.0% | $2.08B | 76.6% | $923.7M | 34.1% |
| 2022 | $2.63B | +14.1% | $1.94B | 73.6% | $925.4M | 35.1% |
| 2021 | $2.31B | +10.8% | $1.74B | 75.2% | $782.5M | 33.9% |
| 2020 | $2.08B | +3.4% | $1.59B | 76.3% | $633.7M | 30.4% |
| 2019 | $2.01B | +8.0% | $1.51B | 74.8% | $583.5M | 29.0% |
| 2018 | $1.87B | +8.0% | $1.39B | 74.3% | $544.2M | 29.2% |
| 2017 | $1.73B | +5.8% | $1.27B | 73.5% | $458.5M | 26.5% |
| 2016 | $1.63B | -0.3% | $1.20B | 73.4% | $387.3M | 23.7% |
Full SBAC Stock Analysis
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Start ComparisonSBAC — Frequently Asked Questions
Quick answers to the most common questions about buying SBAC stock.
Is SBAC's revenue growth accelerating or slowing?
SBAC maintains +5.9% revenue growth, in line with its 5-year CAGR of +6.2%. TTM revenue stands at $2.9B. Growth rate remains consistent with historical average.
What is SBAC's long-term revenue growth rate?
SBA Communications Corporation's 5-year revenue CAGR of +6.2% reflects the sustained expansion pattern. Current YoY growth of +5.9% is near this long-term average.
How is SBAC's revenue distributed by segment?
SBAC 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.