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SBA Communications revenue

SBA Communications's revenue was $2.82bn in fiscal 2025, up 5.1% on the year before. Since fiscal 2009 ($556m) it has grown at a compound 10.7% a year. Over the last twelve months it was $2.87bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue5566276989541,3051,5271,6381,6331,7281,8662,0152,0832,3092,6332,7122,6802,8152,871
Growth on the year before—+12.8%+11.4%+36.7%+36.8%+17.0%+7.3%−0.3%+5.8%+8.0%+8.0%+3.4%+10.8%+14.1%+3.0%−1.2%+5.1%—
Gross profit5556266986758971,0991,1941,2121,2811,3971,5221,6071,7631,9652,0992,0982,1242,158
Gross margin100.0%100.0%100.0%70.7%68.7%71.9%72.9%74.2%74.2%74.9%75.5%77.1%76.4%74.6%77.4%78.3%75.5%75.2%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Domestic Site Leasing Revenue $1.9B 66.3% ▲ 0.2%
International Site Leasing Revenue $705M 25.0% ▲ 6.0%
Site Development Construction $244M 8.7% ▲ 59.9%

From SBA Communications's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Telecom Tower REITs: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
SBA Communications $2.87bn 5.4% 1.9%
Crown Castle $4.16bn -4.6% -16.5%
American Tower $11.01bn 5.3% 6.2%

Compare with peers

Head to head: CCI vs SBACAMT vs SBAC

More: Telecom Tower REITs stocks compared, Real Estate sector, rankings of US companies

Figures from SBA Communications's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SBA Communications.