SBA Communications has grown revenue 2.2% a year over three years and 6.2% a year over five, with earnings per share compounding at 32%. Revenue growth, 3-year annual rate: +2.2% (REIT - Specialty median +5.6%). Revenue growth, 5-year rate: +6.2%, growth has slowed since the five-year average. Earnings per share, 3-year rate: +32%, earnings outgrew revenue: margins or the share count worked for shareholders. Years of annual history on file: 18, FY2008 to FY2025, as filed.

SBACSBA Communications

Real Estate

$182.65-6.4% 1Y

$182.65

$158.1052 weeks$222.41

Is it growing?

Mixed

Neither accelerating nor breaking down: earnings up +14% year on year, but operating margin narrowing (−4.8 points).

1 good, 1 to watch, 1 neutral

Revenue trend+5% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +6% a year.

Earnings trend+14% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing faster than revenue, so margins or the share count are helping.

Margin direction−4.8 points operating

Trailing-twelve-month operating margin, 47.6% now against 52.4% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is SBAC growing?

SBA Communications has grown revenue 2.2% a year over three years and 6.2% a year over five, with earnings per share compounding at 32%.

+2.2%

Revenue growth, 3-year annual rate · REIT - Specialty median +5.6% · growing slowly · compounded from fiscal-year columns as filed

Revenue growth, 5-year rate: +6.2%
Revenue growth, 5-year rate · +2.2% over three · growth has slowed since the five-year average
Earnings per share, 3-year rate: +32%
Earnings per share, 3-year rate · revenue +2.2% · earnings outgrew revenue: margins or the share count worked for shareholders
Years of annual history on file: 18
Years of annual history on file · FY2008 to FY2025, as filed