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. In the quarter to June 2026, revenue grew 2.33%, EPS fell 11.0%, free cash flow grew 11.3% and total debt rose 1.74%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
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SBA Communications Corporation (SBAC) Revenue growth
SBA Communications Corporation's revenue growth over the twelve months to 30 June 2026 was 5.36%, up 0.3 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 in line with the Reit Specialty industry median of 5.36% and above the Real Estate sector median of 4.40%.
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) |
|---|---|---|
| Jun 2026 | 2.33% | (3.57) |
| Mar 2026 | 5.90% | 2.17 |
| Dec 2025 | 3.73% | (5.97) |
| Sep 2025 | 9.70% | 3.87 |
| 42 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| DLR Digital Realty Trust, Inc. compare | 17.4% |
| IRM Iron Mountain Incorporated compare | 17.4% |
| OUT OUTFRONT Media Inc. compare | 7.62% |
| GLPI Gaming and Leisure Properties, Inc. compare | 5.76% |
| SBAC SBA Communications Corporation | 5.36% |
| LAMR Lamar Advertising Company compare | 4.39% |
| RYN Rayonier Inc. compare | 0.44% |
| WY Weyerhaeuser Company compare | −2.62% |
| CCI Crown Castle Inc. compare | −4.56% |
| Reit Specialty industry median | 5.36% |
| Real Estate sector median | 4.40% |
| Market median | 7.41% |
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|
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