To the full analysis
SBA Communications stock: growth
SBACSBA Communications reported $2.82B in revenue for fiscal 2025, up 5.1% on the prior year, up 6.2% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
11.6%
per year from 2006 to 2025, per share 11.1%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
17.9%
per year from 2006 to 2025, per share 17.3%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 6.2% | 5.6% | 11.6% |
| Revenue per share | 7.4% | 7.4% | 11.1% |
| Earnings | 112.9% | no data | no data |
| Earnings per share | 115.8% | no data | no data |
| Free cash flow | 1.3% | 7.3% | 17.9% |
| Free cash flow per share | 2.5% | 9.2% | 17.3% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $351.1M | −$133.45M | $46.99M |
| 2007 | $408.2M | −$77.88M | $95.16M |
| 2008 | $474.95M | −$46.76M | $137.53M |
| 2009 | $555.51M | −$140.87M | $175.82M |
| 2010 | $626.62M | −$194.67M | $134.54M |
| 2011 | $698.17M | −$126.46M | $122.12M |
| 2012 | $954.08M | −$183.33M | $229.95M |
| 2013 | $1.3B | −$55.91M | $328.72M |
| 2014 | $1.53B | −$24.3M | $473.41M |
| 2015 | $1.64B | −$175.66M | $528.47M |
| 2016 | $1.63B | $76.24M | $589.04M |
| 2017 | $1.73B | $103.65M | $671.43M |
| 2018 | $1.87B | $47.45M | $702.33M |
| 2019 | $2.01B | $146.99M | $830.66M |
| 2020 | $2.08B | $24.1M | $997.47M |
| 2021 | $2.31B | $237.62M | $1.06B |
| 2022 | $2.63B | $461.43M | $1.07B |
| 2023 | $2.71B | $501.81M | $1.31B |
| 2024 | $2.68B | $749.54M | $1.11B |
| 2025 | $2.82B | $1.05B | $1.07B |
Revenue by segment
How SBA Communications Corporation makes its money and how that has shifted. Names are as the company reports them.
- Domestic Site Leasing Revenue66%
- International Site Leasing Revenue25%
- Site Development Construction9%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Site Leasing Revenue | $1.27B | $1.31B | $1.4B | $1.49B | $1.56B | $1.68B | $1.78B | $1.85B | $1.86B | $1.87B | 66.3% |
| International Site Leasing Revenue | $264.2M | $314.78M | $340.34M | $373.75M | $396.16M | $422.72M | $558.98M | $670.38M | $665.34M | $705.04M | 25% |
| Site Development Construction | $95.06M | $104.5M | $125.26M | $153.79M | $128.67M | $204.75M | $296.88M | $194.65M | $152.87M | $244.5M | 8.7% |
| Total revenue | $1.63B | $1.73B | $1.87B | $2.01B | $2.08B | $2.31B | $2.63B | $2.71B | $2.68B | $2.82B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 7 Nov 2026, previously Strong
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.