Economic Atlas
Companies/SBA Communications Corporation
Company profile

SBA Communications Corporation

NASDAQ: SBAC · Real Estate · REIT - Specialty
PublicHQ Boca Raton, FL · Palm BeachCIK 0001034054Reports USD
#137 of 326 Real Estate companies by revenuebottom-decile growth
EA Score
66B
Revenue TTM
$2.9B
Rev growth YoY (TTM)
+6.3%
Net income (FY)
$1.1B
Employees
1,844
as of 2026-08-05
Market cap
$19.9B
as of 2026-08-05

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
FY24
FY24
FY24
FY24
FY25
FY25
FY25
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

What is SBA Communications Corporation’s revenue?

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
LTC Properties, Inc.72BMorguard North American Residential Real Estate Investment Trust58CNexPoint Residential Trust, Inc.45DStorageVault Canada Inc.41DGetty Realty Corp.78B+Crown Castle Inc.58C
Neighbors
Palm Beach →
NextEra Energy, Inc.$25.8B77B+Monolithic Power Systems, Inc.$2.8B82B+Carrier Global Corporation$21.7B63CDycom Industries, Inc.$5.5B70BCelsius Holdings, Inc.$2.5B63CADT Inc.$5.1B66B
Key facts
CEOBrendan Thomas Cavanagh
SectorReal Estate
IndustryREIT - Specialty
HeadquartersBoca Raton, FL
ExchangeNASDAQ: SBAC
Employees1,844
IPO date1999-06-16
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.