SBA Communications (SBAC) revenue breakdown

Real Estate · REIT - Specialty · Market cap $19.3B

By segment, Domestic Site Leasing is the largest at 66% of fiscal 2025 revenue; International Site Leasing grew fastest, 12% a year over 9 years.

Revenue by segment

Fiscal years, as SBA Communications reports them in its 10-K filings; fiscal 2025 total $2.8B.

Segments2016201720182019202020212022202320242025Share
Domestic Site Leasing$1.3B$1.3B$1.4B$1.5B$1.6B$1.7B$1.8B$1.8B$1.9B$1.9B 66%
International Site Leasing$264M$315M$340M$374M$396M$423M$559M$670M$665M$705M 25%
Site Development$95M$105M$125M$154M$129M$205M$297M$195M$153M$244M 9%
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Questions

Where does SBA Communications make its money?

In fiscal 2025, by segment: Domestic Site Leasing $1.9B, International Site Leasing $705M, Site Development $244M.

From SBA Communications's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.