Sba Communications (SBAC) Operating Leases (2019 - 2026)
Sba Communications (SBAC) recorded quarterly Operating Leases of $2.2 billion in Q1 2026, up 1.52% quarter-over-quarter from $2.1 billion in Q4 2025, and up 10.47% on a YoY basis from $1.9 billion in Q1 2025.
Sba Communications (SBAC) Operating Leases (2019 - 2026) Analysis & Trends
Sba Communications' Operating Leases history runs 8 years deep, the most recent figure standing at $2.2 billion for Q1 2026.
- In Q1 2026, Operating Leases rose 10.47% year-over-year to $2.2 billion; the TTM figure through Mar 2026 stood at $2.2 billion (up 10.47% YoY), while the FY2025 annual figure was $2.1 billion, up 11.45% from the prior year.
- Operating Leases was $2.2 billion for Q1 2026 at Sba Communications, up from $2.1 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $2.2 billion in Q1 2026 to a low of $1.8 billion in Q2 2024.
- Historically, Operating Leases has averaged $2.0 billion across 5 years, with a median of $2.0 billion in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Leases decreased 13.03% in 2024, then climbed 14.22% in 2025.
- A 5-year view of Operating Leases shows it stood at $2.0 billion in 2022, then fell by 8.43% to $1.9 billion in 2023, then increased by 1.92% to $1.9 billion in 2024, then grew by 11.45% to $2.1 billion in 2025, then grew by 1.52% to $2.2 billion in 2026.
- The last three Operating Leases figures came in at $2.2 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 104.53 Bn | 101.50 Bn | 2.20 Bn |
| 2 | American Tower | 86.20 Bn | 92.70 Bn | 2.70 Bn |
| 3 | Digital Realty Trust | 63.76 Bn | 62.92 Bn | - |
| 4 | Crown Castle | 38.57 Bn | 38.52 Bn | 984.00 Mn |
| 5 | Iron Mountain | 37.41 Bn | 37.43 Bn | 1.05 Bn |
| 6 | Sba Communications | 20.70 Bn | 20.79 Bn | 532.10 Mn |
| 7 | Weyerhaeuser | 17.74 Bn | 17.44 Bn | 318.00 Mn |
| 8 | Lamar Advertising | 15.68 Bn | 15.63 Bn | 403.56 Mn |
| 9 | Gaming & Leisure Properties | 13.22 Bn | 13.62 Bn | - |
| 10 | OUTFRONT Media | 5.51 Bn | 5.47 Bn | 202.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.15 Bn |
| Dec 31, 2025 | 2.12 Bn |
| Sep 30, 2025 | 2.02 Bn |
| Jun 30, 2025 | 2.00 Bn |
| Mar 31, 2025 | 1.95 Bn |
| Dec 31, 2024 | 1.90 Bn |
| Sep 30, 2024 | 1.93 Bn |
| Jun 30, 2024 | 1.76 Bn |
| Mar 31, 2024 | 1.81 Bn |
| Dec 31, 2023 | 1.87 Bn |
| Sep 30, 2023 | 1.98 Bn |
| Jun 30, 2023 | 2.02 Bn |
| Mar 31, 2023 | 2.03 Bn |
| Dec 31, 2022 | 2.04 Bn |
| Sep 30, 2022 | 2.02 Bn |
| Jun 30, 2022 | 2.05 Bn |
| Mar 31, 2022 | 2.05 Bn |
| Dec 31, 2021 | 1.98 Bn |
| Sep 30, 2021 | 2.01 Bn |
| Jun 30, 2021 | 2.06 Bn |