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Companies/SBA Communications Corporation
Company profile

SBA Communications Corporation

NASDAQ: SBAC · Real Estate · REIT - Specialty
PublicHQ Boca Raton, FL · Palm BeachCIK 0001034054Reports USD
#107 of 255 Real Estate companies by revenuebottom-decile growth
EA Score
66B
FH 76DQ 75GM 10SS 84
v0.1 · 65/100 weight · provisional
↑ return on assets, net margin · ↓ revenue growth (YoY), 3-yr revenue growth
Methodology →
Revenue TTM
$2.9B
Rev growth YoY (TTM)
+6.3%
Net income (FY)
$1.1B
Employees
1,720
Market cap
$19.6B
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$244.5M$244.5M2025
Net income$1.1B$1.1B2025
Operating income$1.3B$1.3B2025
Total assets$11.6B$11.6B2025
Equity-$4.9B-$4.9B2025

Revenue trend

FY2024 – FY2025 · USD
$657.9M
FY24
$660.5M
FY24
$667.6M
FY24
$152.9M
FY24
$664.2M
FY25
$699.0M
FY25
$732.3M
FY25
$244.5M
FY25

Revenue by segment

Filed disclosures · FY2025
By product
Domestic Site Leasing Revenue66%
International Site Leasing Revenue25%
Site Development Construction9%
By geography
Domestic Site Leasing Revenue73%
International Site Leasing Revenue27%
The read

SBA Communications Corporation booked $244.5M in FY2025 revenue, contracting 67% year over year — among the slowest-growing Real Estate companies we track, at a 430.9% net margin.

Peers · Real Estate
Invitation Homes Inc.59CKimco Realty Corporation67BMid-America Apartment Communities, Inc.67BAnnaly Capital Management, Inc.——
Neighbors
Palm Beach →
NextEra Energy, Inc.$25.8B77B+Monolithic Power Systems, Inc.$2.8B82B+Carrier Global Corporation$21.7B62CDycom Industries, Inc.$5.5B70BCelsius Holdings, Inc.$2.5B62CEvolution Metals & Technologies Corp. Common Stock——
Key facts
CEOBrendan Thomas Cavanagh
SectorReal Estate
IndustryREIT - Specialty
HeadquartersBoca Raton, FL
ExchangeNASDAQ: SBAC
Employees1,720
IPO date1999-06-16
Latest filings
8-K2026-05-2210-Q2026-05-058-K2026-04-29DEF 14A2026-04-098-K2026-03-2710-K2026-02-278-K2026-02-2610-Q2025-11-06
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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