SBA Communications Corporation

SBAC Real Estate Reit Specialty

SBA Communications Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 5.06% from fiscal 2024.

Revenue
−2.51%
EPS
−0.27%
Free cash flow
+28.6%
Total debt
+1.50%

Quarter to September 2026, against a year earlier

193.47 2.01 −1.03%
Market cap
$20.2B
P/E
20.8×
Fwd P/E
24.3×
Dividend yield
2.51%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

SBA Communications Corporation (SBAC) Revenue growth

Alert me on Revenue growth

SBA Communications Corporation's revenue growth over the twelve months to 30 September 2026 was 2.26%, down 2.8 percentage points from fiscal 2025 (5.06%). Over the past ten years it has ranged from −1.18% (fiscal 2024) to 14.1% (fiscal 2022); the current reading is higher than 45% of that period. That is below the Reit Specialty industry median of 5.31% and below the Real Estate sector median of 4.51%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 5.06% 6.24
FY2024 −1.18% (4.15)
FY2023 2.97% (11.09)
FY2022 14.1% 3.23
FY2021 10.8% 7.43
FY2020 3.40% (4.58)
FY2019 7.98% (0.01)
FY2018 7.99% 2.20
FY2017 5.79% 6.12
FY2016 −0.33% (7.63)

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 −2.51% (4.84)
Jun 2026 2.33% (3.57)
Mar 2026 5.90% 2.17
Dec 2025 3.73% (5.97)
43 more quarters

Against its own ten years

Low −1.18% High 14.1%
Ten-year median 5.79%
Current reading's percentile 45

Revenue growth against peers

Company Revenue growth
DLR Digital Realty Trust, Inc. compare 20.0%
IRM Iron Mountain Incorporated compare 17.5%
OUT OUTFRONT Media Inc. compare 7.62%
GLPI Gaming and Leisure Properties, Inc. compare 7.33%
LAMR Lamar Advertising Company compare 5.12%
SBAC SBA Communications Corporation 2.26%
RYN Rayonier Inc. compare 0.44%
WY Weyerhaeuser Company compare −1.06%
CCI Crown Castle Inc. compare −5.29%
Reit Specialty industry median 5.31%
Real Estate sector median 4.51%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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