SBAC (SBA Communications) Revenue: $2,854 Mil (TTM As of Mar. 2026)


SBAC SBA Communications Corp SBAC
85 GF Score
Price $183.17
GF Value $233.24
Valuation Modestly Undervalued
! 5 Warning Signs
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What is SBA Communications Revenue?

SBA Communications SBAC +1.42% 85 Revenue is $2,854 Mil as of Mar. 2026. GuruFocus rates SBAC with a GF Score™ of 85/100 and a GF Value™ of $233.24 (Modestly Undervalued). The stock has 5 warning signs investors should review.

SBA Communications's revenue for the three months ended in Mar. 2026 was $703 Mil. Its revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $2,854 Mil. SBA Communications's Revenue per Share for the three months ended in Mar. 2026 was $6.63. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $26.67.

Good Sign:

SBA Communications Corp has shown predictable revenue and earnings growth.

During the past 12 months, the average Revenue per Share Growth Rate of SBA Communications was 7.20% per year. During the past 3 years, the average Revenue per Share Growth Rate was 2.80% per year. During the past 5 years, the average Revenue per Share Growth Rate was 6.90% per year. During the past 10 years, the average Revenue per Share Growth Rate was 8.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, SBA Communications's highest 3-Year average Revenue per Share Growth Rate was 23.70% per year. The lowest was -11.80% per year. And the median was 8.50% per year.


SBA Communications  (NAS:SBAC) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


SBA Communications Revenue Related Terms


SBA Communications Revenue Historical Data

* Premium members only.

The historical data trend for SBA Communications's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SBA Communications Revenue Chart

SBA Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,308.83 2,633.45 2,711.58 2,679.63 2,815.14

SBA Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 664.25 698.98 732.33 719.58 703.44

SBAC vs WY, LAMR, GLPI: Revenue Comparison

For the REIT - Specialty subindustry, SBA Communications's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SBA Communications Revenue vs REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's Revenue distribution charts can be found below:

* The bar in red indicates where SBA Communications's Revenue falls into.


SBAC
85GF Score
SBA Communications Corp SBAC
Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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SBA Communications Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,854 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Revenue →
What does a Revenue of $2,854 Mil mean?
SBA Communications (SBAC) has a Revenue of $2,854 Mil as of Mar. 2026. Revenue is the total amount a company generates as sales through its operations. View historical data on SBA Communications and its competitors.
Is SBA Communications' Revenue too high?
SBA Communications' current Revenue is $2,854 Mil. Overall, SBA Communications has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBA Communications' Revenue compare to WY and LAMR?
SBA Communications' Revenue of $2,854 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Revenue for a REITs company?
A good Revenue depends on the REITs industry context. However, Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Revenue mean?
A high Revenue can signal that a stock is expensive relative to its fundamentals. Revenue is the total amount a company generates as sales through its operations. View historical data on SBA Communications and its competitors. SBA Communications's current Revenue is $2,854 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBA Communications stock overvalued right now?
Based on GuruFocus' analysis, SBA Communications (SBAC) is currently considered Modestly Undervalued. The stock's GF Value™ is $233.24, compared to a current price of $183.17 — trading 21.5% below its estimated fair value. The current Revenue is $2,854 Mil. SBA Communications' overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Revenue calculated?
Revenue is calculated from a company's financial statements. For SBA Communications (SBAC), the current Revenue is $2,854 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SBA Communications (SBAC) Overvalued in 2026?

Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued. The current stock price of $183.17 is trading 21.5% below its estimated GF Value™ of $233.24. GuruFocus considers SBA Communications to be Modestly Undervalued.

Key valuation signals for SBAC:

  • Revenue: $2,854 Mil
  • GF Value™: $233.24 vs. price of $183.17 (21.5% below fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the SBAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBA Communications Business Description

Industry Real EstateREITs
Other Exchanges 0KYZ:UK4SB:Germany
Address 8051 Congress Avenue, Boca Raton, FL, USA, 33487
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
85GF Score

Get the complete analysis for SBAC

Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$183.17
Price
$233.24
GF Value